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<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Type of asset </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Depreciation or amortization period</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Indefeasible rights of use (IRUs)</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Shorter of useful life or the IRU lease agreement; generally 15 to 20 years</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Network equipment</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">3 to 8 years</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Leasehold improvements</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Shorter of lease term, including reasonably assured renewal periods, or useful life</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Software</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">5 years</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Owned buildings</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">40 years</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office and other equipment</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">3 to 7 years</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">System infrastructure</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">5 to 10 years</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
10931000
10162000
12686000
P90D
100
100
9000000
2296000
P20Y
false
--12-31
FY
2017
2017-12-31
10-K
0001158324
45968237
Yes
Large Accelerated Filer
1700000000
COGENT COMMUNICATIONS HOLDINGS, INC.
No
Yes
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">3. Accrued and other liabilities:</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Accrued and other current liabilities consist of the following (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Operating accruals</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,278
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,356
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Deferred revenue—current portion</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,758
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,334
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Payroll and benefits</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,139
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,170
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Taxes—non-income based</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,360
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,037
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Interest</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,412
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,252
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,947
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,149
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
11551000
11592000
33598000
39096000
4037000
2360000
47149000
47947000
774829000
153667000
621162000
852474000
172360000
680114000
-17193000
-4600000
442799000
456696000
12554000
12554000
11910000
11910000
14504000
14504000
2000
2000
11500000
10700000
13300000
1734000
1499000
171000
1105000
500000
1239000
119872
362241
90959
79450
47513
201
737892000
710588000
327623000
306118000
29900000
1800000
6626000
7171000
25794000
18439000
22595000
135335000
150333000
335675000
23969000
21228000
22491000
22954000
22953000
222080000
178171000
157504000
287790000
203591000
274319000
247011000
-84199000
70728000
-27308000
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">6. Commitments and contingencies:</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Capital leases—fiber lease agreements</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company has entered into lease agreements with numerous providers of dark fiber primarily under 15-20 year IRUs typically with additional renewal terms. Once the Company has accepted the related fiber route, leases that meet the criteria for treatment as capital leases are recorded as a capital lease obligation and an IRU asset. The interest rate used in determining the present value of the aggregate future minimum lease payments is the lessee's incremental borrowing rate for the lease term. The future minimum payments (principal and interest) under these agreements are as follows (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For the year ending December 31, </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2018</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,969
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2019</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,953
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2020</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,954
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2021</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,491
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2022</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,228
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Thereafter</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>222,080
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total minimum lease obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>335,675
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Less—amounts representing interest</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(178,171
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Present value of minimum lease obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,504
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Current maturities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,171
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Capital lease obligations, net of current maturities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>150,333
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Gains on capital lease terminations</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In March 2015 the Company elected to terminate certain IRU capital lease obligations in Spain. The Company obtained alternative fiber to serve its customers in Spain. Under its estimate of the termination provisions of the related contracts the Company has recorded an estimated termination liability of $9.0 million included in accrued and other current liabilities. The difference between the remaining carrying amount of the related IRU capital lease liabilities ($29.9 million), the remaining net book value of the IRU assets ($10.0 million) and the termination liability and amounts due through the termination date was recorded as a gain on capital lease terminations of $10.1 million in 2015.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In July 2015, the Company settled a dispute for the payment of the remaining balances for certain IRU capital lease obligations in Europe. The IRU assets were fully depreciated in 2012 when the related fiber was replaced and was no longer used by the Company. The difference between the remaining net present value of the related IRU capital lease obligations ($1.8 million) and the settlement liability ($0.4 million) was recorded as a $1.4 million gain on capital lease terminations in 2015.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Current and potential litigation</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In accordance with the accounting guidance for contingencies, the Company accrues its estimate of a contingent liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. Where it is probable that a liability has been incurred and there is a range of expected loss for which no amount in the range is more likely than any other amount, the Company accrues at the low end of the range. The Company reviews its accruals at least quarterly and adjusts them to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular matter. The Company has taken certain positions related to its obligations for leased circuits for which it is reasonably possible could result in a loss of up to $2.6 million in excess of the amount accrued at December 31, 2017.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In December 2011, certain former sales employees of the Company filed a collective action against the Company in the United States District Court, Southern District of Texas, Houston Division alleging misclassification of the Company's sales employees throughout the United States in violation of the Fair Labor Standards Act. The lawsuit sought to recover pay for allegedly unpaid overtime and other damages, including attorney's fees. In March 2014, the judge de-certified the collective action. Each of the former employees that opted-in to the collective action retained the right to file an individual action. Approximately 70 former employees did so. The Company has settled a number of the cases that were filed and made the required settlement payments the final of which was settled for $3.1 million and paid in October 2017.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company is engaged in an arbitration proceeding in Spain in which a former provider of optical fiber to the Company is seeking approximately $9 million for the Company's early termination of the optical fiber leases, which amount the Company has accrued in 2015. The Company has counterclaimed for damages and is contesting its obligation to pay the termination liability in an arbitration proceeding in Spain. The arbitration is being conducted by the Civil and Commercial Arbitration Court (CIMA) in Madrid, Spain.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In the ordinary course of business the Company is involved in other legal activities and claims. Because such matters are subject to many uncertainties and the outcomes are not predictable with assurance, the liability related to these legal actions and claims cannot be determined with certainty. Management does not believe that such claims and actions will have a material impact on the Company's financial condition or results of operations. Judgment is required in estimating the ultimate outcome of any dispute resolution process, as well as any other amounts that may be incurred to conclude the negotiations or settle any litigation. Actual results may differ from these estimates under different assumptions or conditions and such differences could be material.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Operating leases</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company leases office space, network equipment sites, and data center facilities under operating leases. In certain cases the Company enters into operating lease commitments for fiber. Future minimum annual payments under these arrangements are as follows (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For the year ending December 31, </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2018</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37,276
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2019</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,347
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2020</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,170
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2021</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,717
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2022</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,875
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Thereafter</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,538
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>151,923
</td>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Expenses related to these arrangements were $38.2 million in 2017, $34.6 million in 2016 and $38.2 million in 2015.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Unconditional purchase obligations</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Unconditional purchase obligations for equipment and services totaled $5.0 million at December 31, 2017. As of December 31, 2017, the Company had also committed to additional dark fiber IRU capital and operating lease agreements totaling $14.8 million in future payments to be paid over periods of up to 20 years. These obligations begin when the related fiber is accepted, which is generally expected to occur in 2018. Future minimum payments under these obligations are $8.4 million, $0.3 million, $0.4 million, $0.4 million and $0.4 million for the years ending December 31, 2018 to December 31, 2022, respectively, and $9.9 million, thereafter.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Defined contribution plan</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company sponsors a 401(k) defined contribution plan that provides for a Company matching payment. The Company matching payments were $0.7 million for 2017, $0.6 million for 2016 and $0.6 million for 2015 and were paid in cash.</font>
</p><div /></div> </div>
0.50
1.46
1.51
1.80
0.001
0.001
75000000
75000000
46398729
45198718
45478787
45478787
45960799
45960799
45478787
45960799
45000
46000
-3335000
12429000
18469000
<div> <div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Concentrations of credit risk</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company's assets that are exposed to credit risk consist of its cash and cash equivalents, other assets and accounts receivable. As of December 31, 2017 and 2016, the Company's cash equivalents were invested in demand deposit accounts, overnight investments and money market funds. The Company places its cash equivalents in instruments that meet high-quality credit standards as specified in the Company's investment policy guidelines. Accounts receivable are due from customers located in major metropolitan areas in the United States, Europe, Canada, Mexico and Asia. Receivables from the Company's net-centric (wholesale) customers are generally subject to a higher degree of credit risk than the Company's corporate customers.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company relies upon an equipment vendor for the majority of its network equipment and is also dependent upon many third-party fiber providers for providing its services to its customers.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Principles of consolidation</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles and include the accounts of the Company and all of its wholly-owned and majority-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.</font>
</p><div /></div> </div>
5500000
10700000
<div> <div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Network operations</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Network operations expenses include the costs of personnel and related operating expenses associated with service delivery, network management, and customer support, network facilities costs, fiber and equipment maintenance fees, leased circuit costs, access fees paid to building owners and certain excise taxes and surcharges recorded on a gross basis. The Company estimates its accruals for any disputed leased circuit obligations based upon the nature and age of the dispute. Network operations costs are impacted by the timing and amounts of disputed circuit costs. The Company generally records these disputed amounts when billed by the vendor and reverses these amounts when the vendor credit has been received or the dispute has otherwise been resolved. The Company does not allocate depreciation and amortization expense to its network operations expense.</font>
</p><div /></div> </div>
174510000
47277000
194066000
47872000
48827000
50089000
50662000
209278000
51115000
53584000
53918000
358140000
390010000
413119000
6160000
6160000
9000
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96000
202000
209000
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188000
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200000000
250000000
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189200000
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392800000
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0.05625
0.05375
0.08375
1.04188
1.000
1.01406
1.02813
1
1.04219
1
251600000
240000000
P24M
P20Y
P15Y
300000
400000
5900000
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382000
5867000
8175000
24150000
-111000
-146000
100000
7709000
9224000
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17616000
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2237000
2771000
2279000
2327000
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129673000
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29984000
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600000
600000
700000
70527000
75235000
75926000
<div> <div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Recent Accounting Pronouncements—to be Adopted</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In February 2016, the FASB issued ASU No. 2016-02,</font><font style="display:inline;font-family:Times;"> </font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Leases</font><font style="display:inline;font-family:Times;"> </font><font style="display:inline;font-family:Times;font-size:10pt;">("ASU 2016-02"). ASU 2016-02 will replace most existing lease accounting guidance when it becomes effective. ASU 2016-02 is effective for the Company beginning on January 1, 2019. Early application is permitted. ASU 2016-02 currently must be adopted using the modified retrospective approach for all leases that exist at or commence after the beginning of the earliest comparative period presented (with the option to apply certain practical expedients), which for the Company will be the period beginning January 1, 2017. However, in January 2018 the FASB issued a Proposed Accounting Standards Update which, among other changes, and if approved would allow a company to elect to adopt ASU 2016-02 using a cumulative effect adjustment to the opening balance of its retained earnings on the adoption date. ASU 2016-02 will require the Company to record a right to use asset and a lease liability for most of its leases, including its leases currently treated as operating leases. The Company is evaluating the effect that ASU 2016-02 will have on its consolidated financial statements and related disclosures and the Company will elect to apply certain practical expedients. The Company has not yet determined the effect of ASU 2016-02 on its ongoing financial reporting or quantified the impact to its balance sheet, however it does expect the right to use asset and lease liability recorded will be material. The Company does not expect to early adopt ASU 2016-02 and anticipates adopting ASU 2016-02 using the cumulative effect method should this method be approved.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In May 2014, the FASB issued ASU No. 2014-09,</font><font style="display:inline;font-family:Times;"> </font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Revenue from Contracts with Customers</font><font style="display:inline;font-family:Times;font-size:10pt;">, ("ASU 2014-09") which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers, and also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenues and cash flows from contracts with customers. ASU 2014-09 will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. ASU 2014-09 is effective for the Company on January 1, 2018. Early application is permitted for annual periods beginning after December 15, 2016. ASU 2014-09 permits the use of either the full retrospective or modified retrospective transition method. The Company will adopt ASU 2014-09 using the modified retrospective transition method on January 1, 2018 for those contracts that are not completed as of the date of the initial application. Under the modified retrospective method, the cumulative effect of applying the standard will be recognized at the date of initial application. The Company will not early adopt ASU 2014-09.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company has not fully quantified the effect of adopting ASU 2014-09, however anticipates that the period for which it recognizes revenue for fees billed in connection with its customer installations will change and the Company will be required to capitalize certain contract acquisition costs. Revenues will be recognized over the contract term for installation fees associated with customer contracts with terms that are longer than month-to-month, which may be a shorter period than the average customer life currently used, because the fee does not give rise to a material right as defined by ASU 2014-09. Revenues will be recognized over the estimated average customer life for installation fees associated with month-to-month contracts, because the fee represents a material right. The impact of adopting ASU 2014-09 on the Company's total service revenue is not expected to be material. Additionally, the Company will be required to capitalize certain contract acquisition costs, including commissions paid to its sales team and agents, and to amortize these costs over the period the services are transferred to the customer for commission paid to its sales team and over the remaining contract term for agent commissions. The Company currently expenses these contract acquisition costs as incurred in Selling, General and Administrative Expenses.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In June 2016, the FASB issued ASU 2016-13, "</font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments".</font><font style="display:inline;font-family:Times;"> </font><font style="display:inline;font-family:Times;font-size:10pt;">This guidance is intended to introduce a revised approach to the recognition and measurement of credit losses, emphasizing an updated model based on expected losses rather than incurred losses. This new standard is effective for annual and interim reporting periods beginning after December 15, 2019 and early adoption is permitted. The Company is currently evaluating the impact that this guidance may have on its financial statements and related disclosures.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">8. Stock option and award plan:</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Incentive award plan</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company grants restricted stock and options for common stock under its award plan, as amended (the "Award Plan"). In May 2017, the Company's shareholders approved a 1.2 million share increase to the authorized shares under the Award Plan. Stock options granted under the Award Plan generally vest over a four-year period and have a term of ten years. Grants of shares of restricted stock granted under the Award Plan generally vest over periods ranging from three to four years. Compensation expense for all awards is recognized over the service period. Awards with graded vesting terms that are subject only to service conditions are recognized on a straight-line basis. Certain option and share grants provide for accelerated vesting if there is a change in control, as defined. For grants of restricted stock, when an employee terminates prior to full vesting the employee retains their vested shares and the employees' unvested shares are returned to the plan. For grants of options for common stock, when an employee terminates prior to full vesting, the employee may elect to exercise their vested options for a period of ninety days and any unvested options are returned to the plan. Shares issued to satisfy awards are provided from the Company's authorized shares. In May 2016 the Company granted 73,450 restricted shares under the Award Plan with a grant date fair value of $2.9 million that are subject to certain performance conditions and cliff vesting based upon certain of the Company's operating metrics and will be recognized as equity-based compensation expense on a straight line basis over the service period. In the second quarter of 2017 the Company granted a total of 470,404 shares under the Award Plan to certain of its employees and directors with a grant date fair value of $19.0 million. The grant date fair value will be recognized as equity-based compensation expense on a straight line basis over the respective service periods. The vesting of certain of these shares (24,050) granted to the Company's executives is subject to performance conditions and the vesting of 105,000 shares granted to the Company's CEO are subject to the total shareholder return of the Company's common stock compared to the total shareholder return of the Nasdaq Telecommunications Index.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The accounting for equity-based compensation expense requires the Company to make estimates and judgments that affect its financial statements. These estimates include the following.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Expected Dividend Yield—The Company uses an expected dividend yield based upon expected annual dividends and the Company's stock price.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Expected Volatility—The Company uses its historical volatility for a period commensurate with the expected term of the option.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Risk-Free Interest Rate—The Company uses the zero coupon US Treasury rate during the quarter having a term that most closely resembles the expected term of the option.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Expected Term of the Option—The Company estimates the expected life of the option term by analyzing historical stock option exercises.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Forfeiture Rates—The Company estimates its forfeiture rate based on historical data with further consideration given to the class of employees to whom the options or shares were granted.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The weighted-average per share grant date fair value of options was $7.06 in 2017, $6.23 in 2016 and $6.29 in 2015. The following assumptions were used for determining the fair value of options granted in the three years ended December 31, 2017:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years Ended<br />December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Black-Scholes Assumptions </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Dividend yield</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.7
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.8
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Expected volatility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27.1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30.8
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Risk-free interest rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.4
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.5
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Expected life of the option term (in years)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.6
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.6
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Stock option activity under the Company's Award Plan during the year ended December 31, 2017, was as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Number of<br />Options</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted-Average<br />Exercise Price</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Outstanding at December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>183,322
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32.35
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Granted</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>81,236
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43.93
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Cancelled and expired</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(35,340
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38.72
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Exercised—intrinsic value $0.5 million; cash received $1.2 million</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(39,289
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31.12
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Outstanding at December 31, 2017—$1.8 million intrinsic value and 7.5 years weighted-average remaining contractual term</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>189,929
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36.37
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Exercisable at December 31, 2017—$1.4 million intrinsic value and 6.4 years weighted-average remaining contractual term</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>109,084
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32.85
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Expected to vest—$1.7 million intrinsic value and 7.3 years weighted-average remaining contractual term</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>168,762
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35.63
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> A summary of the Company's non-vested restricted stock awards as of December 31, 2017 and the changes during the year ended December 31, 2017 are as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Non-vested awards </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Shares</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted-Average<br />Grant Date<br />Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Non-vested at December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>908,761
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35.94
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Granted</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>499,654
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40.52
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Vested</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(286,083
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35.35
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Forfeited</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10,181
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39.88
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Non-vested at December 31, 2017</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,112,151
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38.11
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The weighted average per share grant date fair value of restricted stock granted was $40.52 in 2017 (0.5 million shares) $38.87 in 2016 (0.4 million shares) and $33.19 in 2015 (0.1 million shares). The fair value was determined using the quoted market price of the Company's common stock on the date of grant. The fair value of shares of restricted stock vested in 2017, 2016 and 2015 was $12.6 million $12.0 million and $14.3 million, respectively.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Equity-based compensation expense related to stock options and restricted stock was $13.3 million, $10.7 million, and $11.5 million for 2017, 2016, and 2015, respectively. The income tax benefit related to stock options and restricted stock was $2.5 million, $2.8 million, and $1.8 million for 2017, 2016, and 2015, respectively. The Company capitalized compensation expense related to stock options and restricted stock for 2017, 2016, and 2015 of $1.2 million, $1.2 million and $1.0 million, respectively. As of December 31, 2017, there was $26.4 million of total unrecognized compensation cost related to non-vested equity-based compensation awards. That cost is expected to be recognized over a weighted average period of 2.1 years.</font>
</p><div /></div> </div>
66314000
66314000
68210000
68210000
81657000
81657000
0.11
0.33
0.13
0.08
0.09
0.08
0.09
0.09
0.10
0.08
-0.14
0.11
0.33
0.13
<div> <div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Basic and diluted net income per common share</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Basic earnings per share ("EPS") excludes dilution for common stock equivalents and is computed by dividing net income or (loss) available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS is based on the weighted-average number of shares of common stock outstanding during each period, adjusted for the effect of dilutive common stock equivalents. Shares of restricted stock are included in the computation of basic EPS as they vest and are included in diluted EPS, to the extent they are dilutive, determined using the treasury stock method.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following details the determination of the diluted weighted average shares:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended<br />December 31,<br />2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended<br />December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended<br />December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Weighted average common shares—basic</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,855,263
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,641,805
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,888,723
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Dilutive effect of stock options</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,534
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,760
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,196
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Dilutive effect of restricted stock</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>297,406
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>199,465
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>230,570
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Weighted average common shares—diluted</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,184,203
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,873,030
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,159,489
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following details unvested shares of restricted common stock as well as the anti-dilutive effects of stock options and restricted stock awards outstanding:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Unvested shares of restricted common stock</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,112,151
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>908,761
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>870,751
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Anti-dilutive options for common stock</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,513
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90,959
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>119,872
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Anti-dilutive shares of restricted common stock</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>201
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>79,450
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>362,241
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
0.35
0.21
-3690000
-346000
4058000
4170000
5139000
1000000
1200000
1200000
1200000
26400000
P2Y1M6D
1800000
2800000
2500000
0.51
0.49
0.51
0.49
3600000
9100000
10900000
21873000
5521000
9027000
<div> <div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Financial instruments</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company considers all highly liquid investments with an original maturity of three months or less at purchase to be cash equivalents. The Company determines the appropriate classification of its investments at the time of purchase and evaluates such designation at each balance sheet date.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> At December 31, 2017 and December 31, 2016, the carrying amount of cash and cash equivalents, accounts receivable, prepaid and other current assets, accounts payable, and accrued expenses approximated fair value because of the short-term nature of these instruments. The Company measures its cash equivalents at amortized cost, which approximates fair value based upon quoted market prices (Level 1). Based upon recent trading prices (Level 2—market approach) at December 31, 2017 the fair value of the Company's $189.2 million senior unsecured notes was $193.0 million and the fair value of the Company's $375.0 million senior secured notes was $392.8 million.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company was party to letters of credit totaling $0.7 million as of December 31, 2017 and $0.1 million as of December 31, 2016. These letters of credit are secured by investments that are restricted and included in deposits and other assets.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Foreign currency translation adjustment and comprehensive income (loss)</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The consolidated financial statements of the Company's non-US operations are translated into US dollars using the period-end foreign currency exchange rates for assets and liabilities and the average foreign currency exchange rates for revenues and expenses. Gains and losses on translation of the accounts are accumulated and reported as a component of other comprehensive income (loss) in stockholders' equity. The Company's only components of "other comprehensive income (loss)" are currency translation adjustments for all periods presented. The Company considers the majority of its investments in its foreign subsidiaries to be long-term in nature. The Company's foreign exchange transaction gains (losses) are included within interest income and other on the consolidated statements of comprehensive income (loss).</font>
</p><div /></div> </div>
-400000
4866000
7674000
4833000
-200000
11643000
10100000
1400000
5443000
1946000
7739000
4439000
687000
667000
2124000
3862000
1023000
397000
319000
-10144000
-10100000
-587000
<div> <div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Long-lived assets</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company's long-lived assets include property and equipment. These long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairment is determined by comparing the carrying value of these long-lived assets to management's probability weighted estimate of the future undiscounted cash flows expected to result from the use of the assets. In the event an impairment exists, a loss is recognized based on the amount by which the carrying value exceeds the fair value of the asset, which would be determined by using quoted market prices or valuation techniques such as the discounted present value of expected future cash flows, appraisals, or other pricing models. In the event there are changes in the planned use of the Company's long-term assets or the Company's expected future undiscounted cash flows are reduced significantly, the Company's assessment of its ability to recover the carrying value of these assets could change.</font>
</p><div /></div> </div>
21972000
41759000
52250000
12712000
24260000
31118000
-9260000
-17499000
-21132000
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">5. Income taxes:</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> On December 22, 2017, the President of the United States signed into law the Tax Cuts and Jobs Act (the "Act"). The Act amends the Internal Revenue Code and reduces the corporate tax rate from a maximum of 35% to a flat 21% rate. The rate reduction is effective on January 1, 2018. The Company's net deferred tax assets represent a decrease in corporate taxes expected to be paid in the future. Under generally accepted accounting principles deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company's net deferred tax asset was determined based on the current enacted federal tax rate of 35% prior to the passage of the Act. As a result of the reduction in the corporate income tax rate from 35% to 21% and other provisions under the Act, the Company has made reasonable estimates of the effects of the Act and revalued its net deferred tax asset on a provisional basis at December 31, 2017 resulting in a reduction in the value of its net deferred tax asset of approximately $9.0 million and recorded at transition tax of $2.3 million related to its foreign operations for a total of $11.3 million, which was recorded as additional noncash income tax expense in the three months and year ended December 31, 2017. Although the tax rate reduction is known, the Company has not collected all of the necessary data to complete its analysis of the effect of the Tax Act on the underlying deferred taxes and as such, the amounts recorded as of December 31, 2017 are provisional. The actual impact on the Company's net deferred tax asset may vary from this amount from certain changes in interpretations of the Act, additional guidance issued by the U.S. Treasury Department, the IRS, and other standard-setting bodies, additional data collected and assumptions that the Company has made. Those adjustments may materially impact our provision for income taxes and effective tax rate in the period in which the adjustments are made. The accounting for the tax effects of the Tax Act will be completed in 2018.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The components of income (loss) before income taxes consist of the following (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Domestic</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>52,250
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>41,759
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,972
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Foreign</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,132
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(17,499
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,260
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total income before income taxes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,118
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,260
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,712
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The income tax expense is comprised of the following (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Current:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Federal</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>135
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">State</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(353
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(188
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Foreign</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(209
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(202
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(96
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Deferred:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Federal</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(24,150
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,175
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,867
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">State</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(430
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,047
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,959
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Foreign</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>146
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>111
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total income tax expense</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(25,242
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,331
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,816
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Our consolidated temporary differences comprising our net deferred tax assets are as follows (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Deferred Tax Assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net operating loss carry-forwards</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>271,219
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>273,509
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Tax credits</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,771
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,237
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Equity-based compensation</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,327
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,279
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total gross deferred tax assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>276,317
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>278,025
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Deferred Tax Liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Depreciation and amortization</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,777
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,984
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Accrued liabilities and other</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>106,251
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95,606
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total gross deferred tax liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>129,028
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>125,590
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net deferred tax assets before valuation allowance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>147,289
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>152,435
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Valuation allowance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(129,673
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(110,194
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net deferred tax assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,616
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,241
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> At each balance sheet date, the Company assesses the likelihood that it will be able to realize its deferred tax assets. The Company considers all available positive and negative evidence in assessing the need for a valuation allowance. The Company maintains a full valuation allowance against certain of its deferred tax assets consisting primarily of net operating loss carryforwards related to its foreign operations in Canada, Europe and Asia and net operating losses in the United States that are limited for use under Section 382 of the Internal Revenue Code.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> As of December 31, 2017, the Company has combined net operating loss carry-forwards of $1.0 billion. This amount includes federal net operating loss carry-forwards in the United States of $150.9 million, net operating loss carry-forwards related to its European, Mexican, Asian and Canadian operations of $868.6 million, $5.3 million, $2.1 million and $1.0 million, respectively. Section 382 of the Internal Revenue Code in the United States limits the utilization of net operating losses when ownership changes, as defined by that section, occur. The Company has performed an analysis of its Section 382 ownership changes and has determined that the utilization of certain of its net operating loss carryforwards in the United States is limited based on the annual Section 382 limitation and remaining carryforward period. Of the $150.9 million of net operating losses available at December 31, 2017 in the United States $60.1 million are limited for use under Section 382. Net operating loss carryforwards outside of the United States totaling $877.0 million are not subject to limitations similar to Section 382. The net operating loss carryforwards in the United States will expire, if unused, between 2025 and 2037. The net operating loss carry-forwards related to the Company's Mexican, Asian and Canadian operations will expire if unused, between 2019 and 2027. The net operating loss carry-forwards related to the Company's European operations include $722.9 million that do not expire and $145.7 million that expire between 2018 and 2032.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Other than the $2.3 million transition tax recorded in the year ended December 31, 2017 as a result of its foreign earnings the Company has not provided for United States deferred income taxes or foreign withholding taxes on its undistributed earnings for certain non-US subsidiaries earnings or cumulative translation adjustments because these earnings and adjustments are intended to be permanently reinvested in operations outside the United States. It is not practical to determine the amount of the unrecognized deferred tax liability on such undistributed earnings or cumulative translation adjustments.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In the normal course of business the Company takes positions on its tax returns that may be challenged by taxing authorities. The Company evaluates all uncertain tax positions to assess whether the position will more likely than not be sustained upon examination. If the Company determines that the tax position is not more likely than not to be sustained, the Company records a liability for the amount of the benefit that is not more likely than not to be realized when the tax position is settled. The Company does not expect that its liability for uncertain tax positions will increase during the twelve months ended December 31, 2018, however, actual changes in the liability for uncertain tax positions could be different than currently expected. If recognized, changes in the Company's total unrecognized tax benefits would impact the Company's effective income tax rate. The roll-forward of the liability for uncertain tax positions is below and excludes interest and penalties.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years Ended<br />December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Beginning balance of unrecognized tax benefits</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>776
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>866
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Decrease attributable to settlements with taxing authorities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(776
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Decrease attributable to lapses of statutes of limitation</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(90
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Ending balance of unrecognized tax benefits</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>776
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company or one of its subsidiaries files income tax returns in the US federal jurisdiction and various state and foreign jurisdictions. The Company is subject to US federal tax and state tax examinations for years 2004 to 2017. The Company is subject to tax examinations in its foreign jurisdictions generally for years 2005 to 2017.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following is a reconciliation of the Federal statutory income taxes to the amounts reported in the financial statements (in thousands).</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Federal income tax expense at statutory rates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10,892
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,492
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,450
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Effect of:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">State income taxes, net of federal benefit</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,244
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,080
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,710
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Impact of foreign operations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>138
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(179
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Non-deductible expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,350
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(590
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,253
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Changes in tax reserves</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>175
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>128
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Federal tax rate change</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,046
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Transition tax on foreign earnings</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,296
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>239
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>98
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(16
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Changes in valuation allowance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>273
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>420
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(336
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Income tax expense</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(25,242
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,331
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,816
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
577000
143000
441000
7816000
9331000
25242000
<div> <div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Income taxes</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company's deferred tax assets or liabilities are computed based upon the differences between financial statement and income tax bases of assets and liabilities using the enacted marginal tax rate. Deferred income tax expenses or benefits are based upon the changes in the assets or liability from period to period. At each balance sheet date, the Company assesses the likelihood that it will be able to realize its deferred tax assets. Valuation allowances are established when management determines that it is "more likely than not" that some portion or all of the deferred tax asset may not be realized. The Company considers all available positive and negative evidence in assessing the need for a valuation allowance including its historical operating results, ongoing tax planning, and forecasts of future taxable income, on a jurisdiction by jurisdiction basis. The Company reduces its valuation allowance if the Company concludes that it is "more likely than not" that it would be able to realize its deferred tax assets.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Management determines whether a tax position is more likely than not to be sustained upon examination based on the technical merits of the position. Once it is determined that a position meets this recognition threshold, the position is measured to determine the amount of benefit to be recognized in the financial statements. The Company adjusts its estimated liabilities for uncertain tax positions periodically because of ongoing examinations by, and settlements with, the various taxing authorities, as well as changes in tax laws, regulations and interpretations. The Company's policy is to recognize interest and penalties accrued on any unrecognized tax benefits as a component of its income tax expense.</font>
</p><div /></div> </div>
336000
-420000
-273000
9046000
179000
-138000
-74000
4450000
8492000
10892000
1253000
590000
1350000
-128000
-175000
16000
-98000
-239000
1710000
1080000
2244000
-1119000
3183000
4161000
-2644000
10268000
-2571000
2898000
2923000
-1146000
40196
230570
31760
199465
31534
297406
956000
1021000
3667000
41280000
40803000
48467000
10900000
44383000
37125000
47032000
10252000
10412000
P5Y
100000
700000
791146000
813132000
737892000
710588000
67913000
74526000
3100000
574973000
8153000
375000000
189225000
2595000
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">4. Long-term debt:</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Debt extinguishment, redemption and new debt issuances—$375 million 2022 Notes</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In March 2015, Group redeemed its $240.0 million 8.375% senior notes due in 2018 (the "2018 Notes") with the proceeds from its February 2015 issuance of $250.0 million of 5.375% senior secured notes (the "2022 Notes") and existing cash on hand. The net proceeds from the offering were $248.6 million after deducting discounts and commissions and offering expenses. In February 2015 the Company deposited $251.6 million with the trustee for the benefit of the holders of the 2018 Notes in order to redeem on March 12, 2015 the entire outstanding amount of 2018 Notes at a redemption price of 104.188% of the $240.0 million principal amount thereof plus accrued interest. As a result of this transaction the Company incurred a loss on debt extinguishment and redemption of $10.1 million. In December 2016, the Company issued an additional $125.0 million par value of its 2022 Notes at a premium of 100.375% of par value. The Company received net proceeds of $124.3 million after deducting $1.2 million of offering costs. The $0.5 million premium is amortized as a reduction to interest expense to the maturity date using the effective interest rate method. The net proceeds from these offerings are intended to be used for general corporate purposes.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The 2022 Notes were sold in private offerings for resale to qualified institutional buyers pursuant to SEC Rule 144A and mature on March 1, 2022. Interest accrues at 5.375% beginning on February 20, 2015 and is paid semi-annually in arrears on March 1 and September 1 of each year. The indenture governing the 2022 Notes provides that the Company and each of the Company's existing domestic subsidiaries and future material domestic subsidiaries guarantee the 2022 Notes, subject to certain exceptions and permitted liens. The 2022 Notes are also secured by a pledge of all of the equity interests in Group's domestic subsidiaries and 65% of the equity interests in Group's first-tier foreign subsidiaries. The 2022 Notes and the subsidiary guarantees will be the Company's and the subsidiary guarantors' senior indebtedness and will rank</font><font style="display:inline;font-family:Times;"> </font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">pari passu</font><font style="display:inline;font-family:Times;"> </font><font style="display:inline;font-family:Times;font-size:10pt;">in right of payment with all of the Company's and the subsidiary guarantors' existing and future senior indebtedness, effectively senior to Group's senior unsecured indebtedness to the extent of the value of the collateral securing the 2022 Notes and the subsidiary guarantees, including Group's 2021 Notes that were issued on April 9, 2014, described below, and senior to any of the Company's and the subsidiary guarantors' future subordinated indebtedness. The 2022 Notes are structurally subordinated to the liabilities of the non-guarantor subsidiaries and are effectively subordinated to the Company's and the subsidiary guarantors' secured indebtedness to the extent of the value of the collateral securing such indebtedness on a basis senior to the 2022 Notes and the subsidiary guarantees. Holdings is also a guarantor of the 2022 Notes; however Holdings' guarantee is unsecured and thus its guarantee is not secured by any of Holdings assets. Holdings is also not subject to the covenants under the indenture governing the 2022 Notes.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The 2022 Notes may be redeemed prior to December 1, 2021 (three months prior to the maturity date of the Notes) in whole or from time to time in part, at a redemption price equal to the sum of (1) 100% of the principal amount plus accrued and unpaid interest, if any, to, but not including, the redemption date, and (2) a make-whole premium, if any. The make-whole premium is the excess of (1) the net present value, on the redemption date, of the principal being redeemed or paid and the amount of interest (exclusive of interest accrued to the date of redemption) that would have been payable if such redemption had not been made, over (2) the aggregate principal amount of the notes being redeemed or paid. Net present value shall be determined by discounting, on a semi-annual basis, such principal and interest at the reinvestment rate (as determined in the indenture governing the 2022 Notes) from the respective dates on which such principal and interest would have been payable if such redemption had not been made. In addition, at any time on or after December 1, 2021 (three months prior to the maturity date of the 2022 Notes), the Issuer may redeem the 2022 Notes, in whole and or in part, at a redemption price equal to 100% of the principal amount of the 2022 Notes to be redeemed, plus accrued and unpaid interest, if any, to, but not including, the redemption date.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Senior unsecured notes—$189.2 million 2021 Notes</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> On April 9, 2014, Cogent Communications Finance, Inc. ("Cogent Finance"), a newly formed financing subsidiary of Group, completed an offering at par of $200.0 million in aggregate principal amount of 5.625% Senior Notes due 2021 (the "2021 Notes"). The 2021 Notes were sold in private offerings for resale to qualified institutional buyers pursuant to SEC Rule 144A. The offering closed into escrow pursuant to an escrow agreement, dated as of April 9, 2014 (the "Escrow Agreement"). The term "Issuer" refers to Cogent Finance prior to the release of the funds from the escrow account (such date of release, the "Escrow Release Date") and to Group after the Escrow Release Date. As a condition to releasing the funds from escrow Group redeemed its remaining outstanding convertible notes on June 20, 2014 (the "Redemption Transaction"). After consummation of the Redemption Transaction, Cogent Finance merged with Group, with Group continuing as the surviving corporation (the "Finance Merger"). At the time of consummation of the Finance Merger, Group assumed the obligations of Cogent Finance under the 2021 Notes and the indenture governing the 2021 Notes (the "Indenture") and Group and each of Group's domestic subsidiaries became party to the Indenture pursuant to a supplemental indenture to the Indenture and the obligations under the Indenture became obligations solely of Group and each of Group's domestic subsidiaries. Holdings also provided a guarantee of the 2021 Notes but Holdings is not subject to the covenants under the Indenture. After the conditions to the release of the escrow proceeds were satisfied, on June 25, 2014 (the "Escrow Release Date") the proceeds from the 2021 Notes were released. The net proceeds from the offering were $195.8 million after deducting commissions and offering expenses. The net proceeds from the offering are intended to be used for general corporate purposes.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In the second quarter of 2016, the Company paid $10.9 million for the purchase of $10.8 million of par value and accrued interest on its 2021 Notes reducing the principal amount to $189.2 million and resulting in a loss of $0.2 million. The loss resulted from the write off of the remaining unamortized debt issuance costs related to the purchased notes.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The 2021 Notes were issued pursuant to, and are governed by the Indenture between Cogent Finance and the trustee. The 2021 Notes bear interest at a rate of 5.625% per year and will mature on April 15, 2021. Interest began to accrue on the 2021 Notes on April 9, 2014 and will be paid semi-annually on April 15 and October 15, commencing on October 15, 2014. Following the Escrow Release Date, the 2021 Notes became Group's senior unsecured obligations and are guaranteed on a senior unsecured basis by Holdings. The 2021 Notes are effectively subordinated in right of payment to all of Group's and each guarantor's secured indebtedness and future secured indebtedness, if any, to the extent of the value of the assets securing such indebtedness. The 2021 Notes are equal in right of payment with Group's and each guarantor's unsecured indebtedness that is not subordinated in right of payment to the 2021 Notes. The 2021 Notes rank senior in right of payment to Group's and each guarantor's future subordinated debt, if any; and are structurally subordinated in right of payment to all indebtedness and other liabilities of any of the Group's subsidiaries that are not guarantors, which only consist of immaterial subsidiaries and foreign subsidiaries that do not guarantee other indebtedness of Group.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Group may also redeem the 2021 Notes, in whole or in part, at any time on or after April 15, 2017 at the applicable redemption prices specified under the indenture governing the 2021 Notes plus accrued and unpaid interest, if any, to the date of redemption. The redemption prices (expressed as a percentage of the principal amount) are 104.219% during the 12-month period beginning on April 15, 2017, 102.813% during the 12-month period beginning on April 15, 2018, 101.406% during the 12-month period beginning on April 15, 2019 and 100.0% during the 12-month period beginning on April 15, 2020 and thereafter. If Group experiences specific kinds of changes of control, Group must offer to repurchase all of the 2021 Notes at a purchase price of 101.0% of their principal amount, plus accrued and unpaid interest, if any, to the repurchase date.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Limitations under the indentures</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The indentures governing the 2022 Notes and 2021 Notes, among other things, limit the Company's ability to incur indebtedness; to pay dividends or make other distributions; to make certain investments and other restricted payments; to create liens; consolidate, merge, sell or otherwise dispose of all or substantially all of its assets; to incur restrictions on the ability of a subsidiary to pay dividends or make other payments; and to enter into certain transactions with its affiliates. Limitations on the ability to incur additional indebtedness (excluding IRU agreements incurred in the normal course of business) include a restriction on incurring additional indebtedness if the Company's consolidated leverage ratio, as defined in the indentures, is greater than 5.0. The indentures prohibit certain payments, such as dividends and stock purchases, when the Company's consolidated leverage ratio, as defined by the indentures, is greater than 4.25. A certain amount of such unrestricted payments is permitted notwithstanding this prohibition. The unrestricted payment amount may be increased by the Company's consolidated cash flow, as defined in the indentures, as long as the Company's consolidated leverage ratio is less than 4.25. The Company's consolidated leverage ratio is currently above 4.25 as of December 31, 2017. As of December 31, 2017, a total of $64.3 million is permitted for investment payments including dividends and stock purchases.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Senior secured notes—2018 Notes</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company redeemed its 8.375% Senior Secured Notes (the "2018 Notes") in March 2015 at a redemption price of 104.188% of the $240.0 million principal amount thereof plus accrued interest.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> On January 26, 2011 and on August 19, 2013, the Company issued its 2018 Notes due February 15, 2018, for aggregate principal amounts of $175.0 million and $65.0 million, respectively, in private offerings for resale to qualified institutional buyers pursuant to SEC Rule 144A. The 2018 Notes were secured and bore interest at 8.375% per annum. Interest was payable in cash semiannually in arrears on February 15 and August 15, of each year. The 2018 Notes sold in August 2013 were sold at 109.00% of par value. The $5.9 million premium was being amortized as a reduction to interest expense to the maturity date using the effective interest rate method.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Long-term debt maturities</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The aggregate future contractual maturities of long-term debt were as follows as of December 31, 2017 (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For the year ending December 31, </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2018</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,153
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2019</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,595
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2020</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2021</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>189,225
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2022</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>375,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Thereafter</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>574,973
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
9000000
70
2600000
-128847000
8341000
-97267000
-35471000
-45234000
-45801000
83809000
107967000
111702000
4896000
4896000
3354000
14929000
14929000
4224000
3459000
3892000
4136000
5876000
5876000
4317000
3650000
-6227000
595000
2110000
360163000
74976000
285187000
361665000
76014000
285651000
381306000
99194000
282112000
1
53036000
15675000
64042000
17511000
16063000
14795000
18666000
75918000
19000000
17720000
20534000
151923000
37276000
11875000
17717000
22170000
27347000
35538000
38200000
34600000
38200000
1000000000
1000000
5300000
150900000
2100000
868600000
877000000
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">1. Description of the business and summary of significant accounting policies:</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Reorganization and merger</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> On May 15, 2014, pursuant to the Agreement and Plan of Reorganization (the "Merger Agreement") by and among Cogent Communications Group, Inc. ("Group"), a Delaware corporation, Cogent Communications Holdings, Inc., a Delaware corporation ("Holdings") and Cogent Communications Merger Sub, Inc., a Delaware corporation, Group adopted a new holding company organizational structure whereby Group is now a wholly owned subsidiary of Holdings. Holdings is a "successor issuer" to Group pursuant to Rule 12g-3(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). References to the "Company" for events that occurred prior to May 15, 2014 refer to Cogent Communications Group, Inc. and its subsidiaries and on and after May 15, 2014 the "Company" refers to Cogent Communications Holdings, Inc. and its subsidiaries.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Description of business</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company is a Delaware corporation and is headquartered in Washington, DC. The Company is a facilities-based provider of low-cost, high-speed Internet access and Internet Protocol ("IP") communications services. The Company's network is specifically designed and optimized to transmit data using IP. The Company delivers its services primarily to small and medium-sized businesses, communications service providers and other bandwidth-intensive organizations in North America, Europe and Asia.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company offers on-net Internet access services exclusively through its own facilities, which run from its network to its customers' premises. The Company is not dependent on local telephone companies to serve its customers for its on-net Internet access services because of its integrated network architecture. The Company offers its on-net services to customers located in buildings that are physically connected to its network. The Company's on-net service consists of high-speed Internet access and IP connectivity ranging from 100 Megabits per second to 100 Gigabits per second of bandwidth. The Company provides its on-net Internet access services to its corporate and net-centric customers. The Company's corporate customers are located in multi-tenant office buildings and typically include law firms, financial services firms, advertising and marketing firms and other professional services businesses. The Company's net-centric customers include bandwidth-intensive users such as other Internet service providers, telephone companies, cable television companies, web hosting companies, content delivery network companies and commercial content and application service providers. These net-centric customers obtain the Company's services in colocation facilities and in the Company's data centers. The Company operates data centers throughout North America and Europe that allow its customers to collocate their equipment and access the Company's network.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In addition to providing its on-net services, the Company provides Internet connectivity to customers that are not located in buildings directly connected to its network. The Company provides this off-net service primarily to corporate customers using other carriers' facilities to provide the "last mile" portion of the link from the customers' premises to the Company's network. The Company also provides certain non-core services that resulted from acquisitions. The Company continues to support but does not actively sell these non-core services.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Principles of consolidation</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles and include the accounts of the Company and all of its wholly-owned and majority-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Use of estimates</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The preparation of consolidated financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Revenue recognition and allowance for doubtful accounts</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company's service offerings consist of on-net and off-net telecommunications services. Fixed fees are billed monthly in advance and usage fees are billed monthly in arrears. Revenues from telecommunication services are recognized when the services are performed, evidence of an arrangement exists, the fee is fixed and determinable and collection is probable. The probability of collection is determined by an analysis of credit history for certain new customers and historical payment patterns for existing customers. Service discounts and incentives related to telecommunication services are recorded as a reduction of revenue when granted. Fees billed in connection with customer installations are deferred and recognized ratably over the longer of the contract term or the estimated customer life. The Company expenses the direct costs associated with sales as incurred.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company invoices certain customers for amounts contractually due for unfulfilled minimum contractual obligations and recognizes a corresponding sales allowance equal to the amount invoiced resulting in the recognition of no net revenue at the time the customer is billed. The Company vigorously seeks payment of these amounts. The Company recognizes revenue for these amounts as they are collected.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company establishes an allowance for doubtful accounts and other sales credit adjustments related to its trade receivables. Trade receivables are recorded at the invoiced amount and can bear interest. Allowances for sales credits are established through a reduction of revenue, while allowances for doubtful accounts are established through a charge to selling, general, and administrative expenses as bad debt expense. The Company assesses the adequacy of these reserves by evaluating factors, such as the length of time individual receivables are past due, historical collection experience, and changes in the credit worthiness of its customers. The Company also assesses the ability of specific customers to meet their financial obligations and establishes specific allowances related to these customers. If circumstances relating to specific customers change or economic conditions change such that the Company's past collection experience and assessment of the economic environment are no longer appropriate, the Company's estimate of the recoverability of its trade receivables could be impacted. Accounts receivable balances are written-off against the allowance for doubtful accounts after all means of internal collection activities have been exhausted and the potential for recovery is considered remote. The Company recognized bad debt expense, net of recoveries, of $3.7 million, $2.8 million and $3.3 million for the years ended December 31, 2017, 2016 and 2015, respectively.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Gross receipts taxes, universal service fund and other surcharges</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Revenue recognition standards include guidance relating to taxes or surcharges assessed by a governmental authority that are directly imposed on a revenue-producing transaction between a seller and a customer and may include, but are not limited to, gross receipts taxes, excise taxes, Universal Service Fund fees and certain state regulatory fees. Such charges may be presented gross or net based upon the Company's accounting policy election. The Company records certain excise taxes and surcharges on a gross basis and includes them in its revenues and costs of network operations. Excise taxes and surcharges billed to customers and recorded on a gross basis (as service revenue and network operations expense) were $10.9 million, $9.1 million, and $3.6 million for the years ended December 31, 2017, 2016 and 2015, respectively.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Network operations</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Network operations expenses include the costs of personnel and related operating expenses associated with service delivery, network management, and customer support, network facilities costs, fiber and equipment maintenance fees, leased circuit costs, access fees paid to building owners and certain excise taxes and surcharges recorded on a gross basis. The Company estimates its accruals for any disputed leased circuit obligations based upon the nature and age of the dispute. Network operations costs are impacted by the timing and amounts of disputed circuit costs. The Company generally records these disputed amounts when billed by the vendor and reverses these amounts when the vendor credit has been received or the dispute has otherwise been resolved. The Company does not allocate depreciation and amortization expense to its network operations expense.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Foreign currency translation adjustment and comprehensive income (loss)</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The consolidated financial statements of the Company's non-US operations are translated into US dollars using the period-end foreign currency exchange rates for assets and liabilities and the average foreign currency exchange rates for revenues and expenses. Gains and losses on translation of the accounts are accumulated and reported as a component of other comprehensive income (loss) in stockholders' equity. The Company's only components of "other comprehensive income (loss)" are currency translation adjustments for all periods presented. The Company considers the majority of its investments in its foreign subsidiaries to be long-term in nature. The Company's foreign exchange transaction gains (losses) are included within interest income and other on the consolidated statements of comprehensive income (loss).</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Financial instruments</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company considers all highly liquid investments with an original maturity of three months or less at purchase to be cash equivalents. The Company determines the appropriate classification of its investments at the time of purchase and evaluates such designation at each balance sheet date.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> At December 31, 2017 and December 31, 2016, the carrying amount of cash and cash equivalents, accounts receivable, prepaid and other current assets, accounts payable, and accrued expenses approximated fair value because of the short-term nature of these instruments. The Company measures its cash equivalents at amortized cost, which approximates fair value based upon quoted market prices (Level 1). Based upon recent trading prices (Level 2—market approach) at December 31, 2017 the fair value of the Company's $189.2 million senior unsecured notes was $193.0 million and the fair value of the Company's $375.0 million senior secured notes was $392.8 million.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company was party to letters of credit totaling $0.7 million as of December 31, 2017 and $0.1 million as of December 31, 2016. These letters of credit are secured by investments that are restricted and included in deposits and other assets.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Concentrations of credit risk</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company's assets that are exposed to credit risk consist of its cash and cash equivalents, other assets and accounts receivable. As of December 31, 2017 and 2016, the Company's cash equivalents were invested in demand deposit accounts, overnight investments and money market funds. The Company places its cash equivalents in instruments that meet high-quality credit standards as specified in the Company's investment policy guidelines. Accounts receivable are due from customers located in major metropolitan areas in the United States, Europe, Canada, Mexico and Asia. Receivables from the Company's net-centric (wholesale) customers are generally subject to a higher degree of credit risk than the Company's corporate customers.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company relies upon an equipment vendor for the majority of its network equipment and is also dependent upon many third-party fiber providers for providing its services to its customers.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Property and equipment</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Property and equipment are recorded at cost and depreciated once deployed using the straight-line method over the estimated useful lives of the assets. Useful lives are determined based on historical usage with consideration given to technological changes and trends in the industry that could impact the asset utilization. System infrastructure costs include the capitalized compensation costs of employees directly involved with construction activities and costs incurred by third party contractors.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Assets and liabilities under capital leases are recorded at the lesser of the present value of the aggregate future minimum lease payments or the fair value of the assets under lease. Leasehold improvements include costs associated with building improvements. The Company determines the number of renewal option periods, if any, included in the lease term for purposes of amortizing leasehold improvements and the lease term of its capital leases based upon its assessment at the inception of the lease for which the failure to renew the lease imposes a penalty on the Company in such amount that a renewal appears to be reasonably assured. Expenditures for maintenance and repairs are expensed as incurred.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Depreciation and amortization periods are as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Type of asset </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Depreciation or amortization period</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Indefeasible rights of use (IRUs)</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Shorter of useful life or the IRU lease agreement; generally 15 to 20 years</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Network equipment</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">3 to 8 years</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Leasehold improvements</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Shorter of lease term, including reasonably assured renewal periods, or useful life</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Software</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">5 years</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Owned buildings</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">40 years</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office and other equipment</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">3 to 7 years</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">System infrastructure</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">5 to 10 years</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Long-lived assets</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company's long-lived assets include property and equipment. These long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairment is determined by comparing the carrying value of these long-lived assets to management's probability weighted estimate of the future undiscounted cash flows expected to result from the use of the assets. In the event an impairment exists, a loss is recognized based on the amount by which the carrying value exceeds the fair value of the asset, which would be determined by using quoted market prices or valuation techniques such as the discounted present value of expected future cash flows, appraisals, or other pricing models. In the event there are changes in the planned use of the Company's long-term assets or the Company's expected future undiscounted cash flows are reduced significantly, the Company's assessment of its ability to recover the carrying value of these assets could change.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Equity-based compensation</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company recognizes compensation expense for its share-based payments granted to its employees based on their grant date fair values with the expense being recognized on a straight-line basis over the requisite service period. The Company begins recording equity-based compensation expense related to performance awards when it is considered probable that the performance conditions will be met and for market based awards compensation cost is recognized if the service condition is satisfied even if the market condition is not satisfied. Equity-based compensation expense is recognized in the statement of operations in a manner consistent with the classification of the employee's salary and other compensation.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Income taxes</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company's deferred tax assets or liabilities are computed based upon the differences between financial statement and income tax bases of assets and liabilities using the enacted marginal tax rate. Deferred income tax expenses or benefits are based upon the changes in the assets or liability from period to period. At each balance sheet date, the Company assesses the likelihood that it will be able to realize its deferred tax assets. Valuation allowances are established when management determines that it is "more likely than not" that some portion or all of the deferred tax asset may not be realized. The Company considers all available positive and negative evidence in assessing the need for a valuation allowance including its historical operating results, ongoing tax planning, and forecasts of future taxable income, on a jurisdiction by jurisdiction basis. The Company reduces its valuation allowance if the Company concludes that it is "more likely than not" that it would be able to realize its deferred tax assets.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Management determines whether a tax position is more likely than not to be sustained upon examination based on the technical merits of the position. Once it is determined that a position meets this recognition threshold, the position is measured to determine the amount of benefit to be recognized in the financial statements. The Company adjusts its estimated liabilities for uncertain tax positions periodically because of ongoing examinations by, and settlements with, the various taxing authorities, as well as changes in tax laws, regulations and interpretations. The Company's policy is to recognize interest and penalties accrued on any unrecognized tax benefits as a component of its income tax expense.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Basic and diluted net income per common share</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Basic earnings per share ("EPS") excludes dilution for common stock equivalents and is computed by dividing net income or (loss) available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS is based on the weighted-average number of shares of common stock outstanding during each period, adjusted for the effect of dilutive common stock equivalents. Shares of restricted stock are included in the computation of basic EPS as they vest and are included in diluted EPS, to the extent they are dilutive, determined using the treasury stock method.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following details the determination of the diluted weighted average shares:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended<br />December 31,<br />2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended<br />December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended<br />December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Weighted average common shares—basic</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,855,263
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,641,805
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,888,723
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Dilutive effect of stock options</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,534
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,760
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,196
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Dilutive effect of restricted stock</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>297,406
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>199,465
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>230,570
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Weighted average common shares—diluted</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,184,203
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,873,030
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,159,489
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following details unvested shares of restricted common stock as well as the anti-dilutive effects of stock options and restricted stock awards outstanding:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Unvested shares of restricted common stock</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,112,151
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>908,761
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>870,751
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Anti-dilutive options for common stock</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,513
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90,959
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>119,872
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Anti-dilutive shares of restricted common stock</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>201
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>79,450
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>362,241
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Recent Accounting Pronouncements—to be Adopted</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In February 2016, the FASB issued ASU No. 2016-02,</font><font style="display:inline;font-family:Times;"> </font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Leases</font><font style="display:inline;font-family:Times;"> </font><font style="display:inline;font-family:Times;font-size:10pt;">("ASU 2016-02"). ASU 2016-02 will replace most existing lease accounting guidance when it becomes effective. ASU 2016-02 is effective for the Company beginning on January 1, 2019. Early application is permitted. ASU 2016-02 currently must be adopted using the modified retrospective approach for all leases that exist at or commence after the beginning of the earliest comparative period presented (with the option to apply certain practical expedients), which for the Company will be the period beginning January 1, 2017. However, in January 2018 the FASB issued a Proposed Accounting Standards Update which, among other changes, and if approved would allow a company to elect to adopt ASU 2016-02 using a cumulative effect adjustment to the opening balance of its retained earnings on the adoption date. ASU 2016-02 will require the Company to record a right to use asset and a lease liability for most of its leases, including its leases currently treated as operating leases. The Company is evaluating the effect that ASU 2016-02 will have on its consolidated financial statements and related disclosures and the Company will elect to apply certain practical expedients. The Company has not yet determined the effect of ASU 2016-02 on its ongoing financial reporting or quantified the impact to its balance sheet, however it does expect the right to use asset and lease liability recorded will be material. The Company does not expect to early adopt ASU 2016-02 and anticipates adopting ASU 2016-02 using the cumulative effect method should this method be approved.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In May 2014, the FASB issued ASU No. 2014-09,</font><font style="display:inline;font-family:Times;"> </font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Revenue from Contracts with Customers</font><font style="display:inline;font-family:Times;font-size:10pt;">, ("ASU 2014-09") which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers, and also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenues and cash flows from contracts with customers. ASU 2014-09 will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. ASU 2014-09 is effective for the Company on January 1, 2018. Early application is permitted for annual periods beginning after December 15, 2016. ASU 2014-09 permits the use of either the full retrospective or modified retrospective transition method. The Company will adopt ASU 2014-09 using the modified retrospective transition method on January 1, 2018 for those contracts that are not completed as of the date of the initial application. Under the modified retrospective method, the cumulative effect of applying the standard will be recognized at the date of initial application. The Company will not early adopt ASU 2014-09.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company has not fully quantified the effect of adopting ASU 2014-09, however anticipates that the period for which it recognizes revenue for fees billed in connection with its customer installations will change and the Company will be required to capitalize certain contract acquisition costs. Revenues will be recognized over the contract term for installation fees associated with customer contracts with terms that are longer than month-to-month, which may be a shorter period than the average customer life currently used, because the fee does not give rise to a material right as defined by ASU 2014-09. Revenues will be recognized over the estimated average customer life for installation fees associated with month-to-month contracts, because the fee represents a material right. The impact of adopting ASU 2014-09 on the Company's total service revenue is not expected to be material. Additionally, the Company will be required to capitalize certain contract acquisition costs, including commissions paid to its sales team and agents, and to amortize these costs over the period the services are transferred to the customer for commission paid to its sales team and over the remaining contract term for agent commissions. The Company currently expenses these contract acquisition costs as incurred in Selling, General and Administrative Expenses.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In June 2016, the FASB issued ASU 2016-13, "</font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments".</font><font style="display:inline;font-family:Times;"> </font><font style="display:inline;font-family:Times;font-size:10pt;">This guidance is intended to introduce a revised approach to the recognition and measurement of credit losses, emphasizing an updated model based on expected losses rather than incurred losses. This new standard is effective for annual and interim reporting periods beginning after December 15, 2019 and early adoption is permitted. The Company is currently evaluating the impact that this guidance may have on its financial statements and related disclosures.</font>
</p><div /></div> </div>
24356000
25278000
-8231000
-8231000
-2500000
-2500000
12593000
12593000
28043000
27596000
3100000
39394000
4492000
1829000
1397000
1202000
66314000
68210000
81657000
22400000
35582000
45234000
45801000
0.001
10000
19706000
20011000
195800000
248600000
124300000
248603000
124267000
-10775000
111000
423000
1220000
1222000
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">2. Property and equipment:</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Property and equipment consisted of the following (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Owned assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Network equipment</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>510,327
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>476,786
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Leasehold improvements</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>200,184
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>182,734
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">System infrastructure</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>114,046
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102,502
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Software</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,701
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,523
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office and other equipment</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,591
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,735
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Building</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,334
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,171
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>113
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>850,296
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>786,550
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Less—Accumulated depreciation and amortization</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(680,114
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(621,162
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>170,182
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>165,388
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Assets under capital leases:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">IRUs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>383,460
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>349,920
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Less—Accumulated depreciation and amortization</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(172,360
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(153,667
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>211,100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>196,253
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Property and equipment, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>381,282
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>361,641
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Depreciation and amortization expense related to property and equipment and capital leases was $75.9 million, $75.2 million and $70.5 million, for 2017, 2016 and 2015, respectively.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company capitalizes the compensation cost of employees directly involved with its construction activities. In 2017, 2016 and 2015, the Company capitalized compensation costs of $9.7 million, $8.7 million and $8.3 million respectively. These amounts are included in system infrastructure costs.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Exchange agreement</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In 2017, 2016 and 2015 the Company exchanged certain used network equipment and cash consideration for new network equipment. The fair value of the new network equipment received was estimated to be $9.1 million, $15.5 million and $17.9 million resulting in gains of $3.9 million, $7.7 million and $5.3 million respectively. The estimated fair value of the equipment received was based upon the cash consideration price the Company pays for the new network equipment on a standalone basis (Level 3).</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Installment payment agreement</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In March 2015, the Company entered into an installment payment agreement ("IPA") with a vendor. Under the IPA the Company may purchase network equipment in exchange for interest free note obligations each with a twenty-four month term. There are no payments under each note obligation for the first six months followed by eighteen equal installment payments for the remaining eighteen month term. As of December 31, 2017 and December 31, 2016, there was $10.7 million and $5.5 million, respectively, of note obligations outstanding under the IPA, secured by the related equipment. The Company recorded the assets purchased and the present value of the note obligation utilizing an imputed interest rate. The resulting discounts totaling $0.4 million and $0.3 million as of December 31, 2017 and December 31, 2016, respectively, under the note obligations are being amortized over the note term using the effective interest rate method.</font>
</p><div /></div> </div>
17900000
15500000
9100000
1136470000
349920000
786550000
1171000
476786000
99000
182734000
13735000
9523000
102502000
1233756000
383460000
850296000
1334000
510327000
113000
200184000
14591000
9701000
114046000
10000000
361641000
196253000
165388000
381282000
211100000
170182000
<div> <div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Property and equipment</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Property and equipment are recorded at cost and depreciated once deployed using the straight-line method over the estimated useful lives of the assets. Useful lives are determined based on historical usage with consideration given to technological changes and trends in the industry that could impact the asset utilization. System infrastructure costs include the capitalized compensation costs of employees directly involved with construction activities and costs incurred by third party contractors.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Assets and liabilities under capital leases are recorded at the lesser of the present value of the aggregate future minimum lease payments or the fair value of the assets under lease. Leasehold improvements include costs associated with building improvements. The Company determines the number of renewal option periods, if any, included in the lease term for purposes of amortizing leasehold improvements and the lease term of its capital leases based upon its assessment at the inception of the lease for which the failure to renew the lease imposes a penalty on the Company in such amount that a renewal appears to be reasonably assured. Expenditures for maintenance and repairs are expensed as incurred.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Depreciation and amortization periods are as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Type of asset </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Depreciation or amortization period</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Indefeasible rights of use (IRUs)</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Shorter of useful life or the IRU lease agreement; generally 15 to 20 years</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Network equipment</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">3 to 8 years</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Leasehold improvements</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Shorter of lease term, including reasonably assured renewal periods, or useful life</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Software</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">5 years</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Owned buildings</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">40 years</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office and other equipment</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">3 to 7 years</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">System infrastructure</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">5 to 10 years</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Property and equipment consisted of the following (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Owned assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Network equipment</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>510,327
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>476,786
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Leasehold improvements</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>200,184
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>182,734
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">System infrastructure</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>114,046
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102,502
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Software</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,701
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,523
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office and other equipment</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,591
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,735
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Building</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,334
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,171
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>113
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>850,296
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>786,550
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Less—Accumulated depreciation and amortization</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(680,114
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(621,162
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>170,182
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>165,388
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Assets under capital leases:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">IRUs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>383,460
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>349,920
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Less—Accumulated depreciation and amortization</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(172,360
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(153,667
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>211,100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>196,253
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Property and equipment, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>381,282
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>361,641
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
P40Y
P5Y
P20Y
P15Y
P8Y
P3Y
P7Y
P3Y
P10Y
P5Y
3300000
2800000
3700000
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">11. Quarterly financial information (unaudited):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:48.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Three months ended</font></p>
</td>
<td valign="bottom" style="width:00.78%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:11.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">March 31,<br />2017</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:11.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">June 30,<br />2017</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:11.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">September 30,<br />2017</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:11.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2017(a)</font></p>
</td>
<td valign="bottom" style="width:00.78%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:48.04%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(in thousands, except share and per share amounts)</font></p>
</td>
<td valign="bottom" style="width:00.78%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Service revenue</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>117,203
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>119,777
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>122,969
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>125,226
</td>
<td valign="bottom" style="width:00.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Network operations, including equity-based compensation expense</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,662
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,115
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>53,584
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>53,918
</td>
<td valign="bottom" style="width:00.78%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Gains on equipment transactions</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,124
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,023
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>397
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>319
</td>
<td valign="bottom" style="width:00.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Operating income</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,666
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,000
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,720
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,534
</td>
<td valign="bottom" style="width:00.78%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income (loss)</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,136
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,317
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,650
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,227
</td>
<td valign="bottom" style="width:00.78%;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income (loss) per common share—basic and diluted</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.09
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.10
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.08
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.14
</td>
<td valign="bottom" style="width:00.78%;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Weighted-average number of common shares—basic</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,649,645
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,717,372
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,767,163
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,844,469
</td>
<td valign="bottom" style="width:00.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Weighted-average number of common shares—diluted</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,917,014
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,988,655
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,118,607
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,844,469
</td>
<td valign="bottom" style="width:00.78%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(a) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">See Note 5 for the impact of the increase in income tax expense during the three months ended December 31, 2017.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:48.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Three months ended</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:11.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">March 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:11.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">June 30,<br />2016</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:11.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">September 30,<br />2016</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:11.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:48.04%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(in thousands, except share and per share amounts)</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Service revenue</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>108,291
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>109,955
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>113,057
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>115,596
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Network operations, including equity-based compensation expense</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,277
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,872
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48,827
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,089
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Gains on equipment transactions</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,946
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,439
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>687
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>667
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Operating income</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,675
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,511
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,063
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,795
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,354
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,224
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,459
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,892
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income per common share—basic and diluted</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.08
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.09
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.08
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.09
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Weighted-average number of common shares—basic</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,402,640
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,491,899
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,574,583
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,577,826
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Weighted-average number of common shares—diluted</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,571,937
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,757,494
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,816,860
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,803,782
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
4.25
4.25
4.25
5.0
<div> <div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Revenue recognition and allowance for doubtful accounts</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company's service offerings consist of on-net and off-net telecommunications services. Fixed fees are billed monthly in advance and usage fees are billed monthly in arrears. Revenues from telecommunication services are recognized when the services are performed, evidence of an arrangement exists, the fee is fixed and determinable and collection is probable. The probability of collection is determined by an analysis of credit history for certain new customers and historical payment patterns for existing customers. Service discounts and incentives related to telecommunication services are recorded as a reduction of revenue when granted. Fees billed in connection with customer installations are deferred and recognized ratably over the longer of the contract term or the estimated customer life. The Company expenses the direct costs associated with sales as incurred.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company invoices certain customers for amounts contractually due for unfulfilled minimum contractual obligations and recognizes a corresponding sales allowance equal to the amount invoiced resulting in the recognition of no net revenue at the time the customer is billed. The Company vigorously seeks payment of these amounts. The Company recognizes revenue for these amounts as they are collected.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company establishes an allowance for doubtful accounts and other sales credit adjustments related to its trade receivables. Trade receivables are recorded at the invoiced amount and can bear interest. Allowances for sales credits are established through a reduction of revenue, while allowances for doubtful accounts are established through a charge to selling, general, and administrative expenses as bad debt expense. The Company assesses the adequacy of these reserves by evaluating factors, such as the length of time individual receivables are past due, historical collection experience, and changes in the credit worthiness of its customers. The Company also assesses the ability of specific customers to meet their financial obligations and establishes specific allowances related to these customers. If circumstances relating to specific customers change or economic conditions change such that the Company's past collection experience and assessment of the economic environment are no longer appropriate, the Company's estimate of the recoverability of its trade receivables could be impacted. Accounts receivable balances are written-off against the allowance for doubtful accounts after all means of internal collection activities have been exhausted and the potential for recovery is considered remote. The Company recognized bad debt expense, net of recoveries, of $3.7 million, $2.8 million and $3.3 million for the years ended December 31, 2017, 2016 and 2015, respectively.</font>
</p><div /></div> </div>
1200000
1700000
1600000
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">9. Related party transactions:</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Office lease</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company's headquarters was located in an office building owned by Niobium LLC (a successor to 6715 Kenilworth Avenue Partnership). The two owners of Niobium LLC are the Company's Chief Executive Officer, David Schaeffer, who has a 51% interest in Niobium LLC and his wife who has a 49% interest. The lease was scheduled to end on August 31, 2016 and was cancellable by the Company upon 60 days' notice. The Company terminated the lease effective as of May 10, 2015. In April 2015, the Company entered into a new lease agreement for its headquarters building with Sodium LLC whose two owners are the Company's Chief Executive Officer, who has a 51% interest in Sodium LLC and his wife who has a 49% interest. The Company moved into the new headquarters building in May 2015. The fixed annual rent for the new headquarters building is $1.0 million per year plus an allocation of taxes and utilities. The lease term is for five years and is cancellable by the Company upon 60 days' notice. The Company's audit committee reviews and approves all transactions with related parties. The Company paid $1.6 million in 2017, $1.7 million in 2016 and $1.2 million in 2015, respectively for rent and related costs (including taxes and utilities) to these lessors for these leases, respectively.</font>
</p><div /></div> </div>
20215000
12466000
11201000
670000
21203000
3802000
251280000
-478905000
-554686000
<div> <div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Gross receipts taxes, universal service fund and other surcharges</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Revenue recognition standards include guidance relating to taxes or surcharges assessed by a governmental authority that are directly imposed on a revenue-producing transaction between a seller and a customer and may include, but are not limited to, gross receipts taxes, excise taxes, Universal Service Fund fees and certain state regulatory fees. Such charges may be presented gross or net based upon the Company's accounting policy election. The Company records certain excise taxes and surcharges on a gross basis and includes them in its revenues and costs of network operations. Excise taxes and surcharges billed to customers and recorded on a gross basis (as service revenue and network operations expense) were $10.9 million, $9.1 million, and $3.6 million for the years ended December 31, 2017, 2016 and 2015, respectively.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Revenue recognition and allowance for doubtful accounts</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company's service offerings consist of on-net and off-net telecommunications services. Fixed fees are billed monthly in advance and usage fees are billed monthly in arrears. Revenues from telecommunication services are recognized when the services are performed, evidence of an arrangement exists, the fee is fixed and determinable and collection is probable. The probability of collection is determined by an analysis of credit history for certain new customers and historical payment patterns for existing customers. Service discounts and incentives related to telecommunication services are recorded as a reduction of revenue when granted. Fees billed in connection with customer installations are deferred and recognized ratably over the longer of the contract term or the estimated customer life. The Company expenses the direct costs associated with sales as incurred.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company invoices certain customers for amounts contractually due for unfulfilled minimum contractual obligations and recognizes a corresponding sales allowance equal to the amount invoiced resulting in the recognition of no net revenue at the time the customer is billed. The Company vigorously seeks payment of these amounts. The Company recognizes revenue for these amounts as they are collected.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company establishes an allowance for doubtful accounts and other sales credit adjustments related to its trade receivables. Trade receivables are recorded at the invoiced amount and can bear interest. Allowances for sales credits are established through a reduction of revenue, while allowances for doubtful accounts are established through a charge to selling, general, and administrative expenses as bad debt expense. The Company assesses the adequacy of these reserves by evaluating factors, such as the length of time individual receivables are past due, historical collection experience, and changes in the credit worthiness of its customers. The Company also assesses the ability of specific customers to meet their financial obligations and establishes specific allowances related to these customers. If circumstances relating to specific customers change or economic conditions change such that the Company's past collection experience and assessment of the economic environment are no longer appropriate, the Company's estimate of the recoverability of its trade receivables could be impacted. Accounts receivable balances are written-off against the allowance for doubtful accounts after all means of internal collection activities have been exhausted and the potential for recovery is considered remote. The Company recognized bad debt expense, net of recoveries, of $3.7 million, $2.8 million and $3.3 million for the years ended December 31, 2017, 2016 and 2015, respectively.</font>
</p><div /></div> </div>
404234000
71420000
332814000
108291000
446900000
74090000
372810000
109955000
113057000
115596000
117203000
485175000
82981000
402194000
119777000
122969000
125226000
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Accrued and other current liabilities consist of the following (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Operating accruals</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,278
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,356
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Deferred revenue—current portion</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,758
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,334
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Payroll and benefits</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,139
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,170
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Taxes—non-income based</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,360
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,037
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Interest</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,412
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,252
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,947
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,149
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Unvested shares of restricted common stock</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,112,151
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>908,761
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>870,751
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Anti-dilutive options for common stock</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,513
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90,959
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>119,872
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Anti-dilutive shares of restricted common stock</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>201
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>79,450
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>362,241
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The income tax expense is comprised of the following (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Current:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>146
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>111
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total income tax expense</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(25,242
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,331
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,816
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Our consolidated temporary differences comprising our net deferred tax assets are as follows (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Deferred Tax Assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net operating loss carry-forwards</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>271,219
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>273,509
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Tax credits</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,771
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,237
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Equity-based compensation</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,327
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,279
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total gross deferred tax assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>276,317
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>278,025
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Deferred Tax Liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Depreciation and amortization</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,777
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,984
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Accrued liabilities and other</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>106,251
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95,606
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 30pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total gross deferred tax liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>129,028
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>125,590
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net deferred tax assets before valuation allowance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>147,289
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>152,435
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Valuation allowance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(129,673
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(110,194
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net deferred tax assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,616
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,241
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following is a reconciliation of the Federal statutory income taxes to the amounts reported in the financial statements (in thousands).</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Federal income tax expense at statutory rates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10,892
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,492
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,450
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Effect of:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">State income taxes, net of federal benefit</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,244
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,080
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,710
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Impact of foreign operations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>138
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(179
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Non-deductible expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,350
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(590
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,253
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Changes in tax reserves</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>175
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>128
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Federal tax rate change</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,046
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Transition tax on foreign earnings</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,296
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>239
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>98
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(16
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Changes in valuation allowance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>273
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>420
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(336
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Income tax expense</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(25,242
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,331
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,816
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">The future minimum payments (principal and interest) under these agreements are as follows (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For the year ending December 31, </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2018</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,969
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2019</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,953
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2020</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,954
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2021</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,491
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2022</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,228
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Thereafter</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>222,080
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total minimum lease obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>335,675
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Less—amounts representing interest</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(178,171
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Present value of minimum lease obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,504
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Current maturities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,171
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Capital lease obligations, net of current maturities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>150,333
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Future minimum annual payments under these arrangements are as follows (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For the year ending December 31, </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2018</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37,276
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2019</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,347
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2020</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,170
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2021</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,717
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2022</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,875
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Thereafter</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,538
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>151,923
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The components of income (loss) before income taxes consist of the following (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Domestic</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>52,250
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>41,759
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,972
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Foreign</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,132
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(17,499
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,260
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total income before income taxes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,118
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,260
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,712
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The aggregate future contractual maturities of long-term debt were as follows as of December 31, 2017 (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For the year ending December 31, </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2018</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,153
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2019</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,595
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2020</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2021</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>189,225
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2022</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>375,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Thereafter</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>574,973
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Non-vested awards </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Shares</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted-Average<br />Grant Date<br />Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Non-vested at December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>908,761
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35.94
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Granted</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>499,654
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40.52
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Vested</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(286,083
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35.35
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Forfeited</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10,181
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39.88
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Non-vested at December 31, 2017</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,112,151
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38.11
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:48.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Three months ended</font></p>
</td>
<td valign="bottom" style="width:00.78%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:11.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">March 31,<br />2017</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:11.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">June 30,<br />2017</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:11.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">September 30,<br />2017</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:11.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2017(a)</font></p>
</td>
<td valign="bottom" style="width:00.78%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:48.04%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(in thousands, except share and per share amounts)</font></p>
</td>
<td valign="bottom" style="width:00.78%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Service revenue</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>117,203
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>119,777
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>122,969
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>125,226
</td>
<td valign="bottom" style="width:00.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Network operations, including equity-based compensation expense</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,662
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,115
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>53,584
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>53,918
</td>
<td valign="bottom" style="width:00.78%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Gains on equipment transactions</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,124
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,023
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>397
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>319
</td>
<td valign="bottom" style="width:00.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Operating income</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,666
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,000
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,720
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,534
</td>
<td valign="bottom" style="width:00.78%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income (loss)</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,136
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,317
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,650
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,227
</td>
<td valign="bottom" style="width:00.78%;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income (loss) per common share—basic and diluted</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.09
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.10
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.08
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.14
</td>
<td valign="bottom" style="width:00.78%;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Weighted-average number of common shares—basic</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,649,645
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,717,372
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,767,163
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,844,469
</td>
<td valign="bottom" style="width:00.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.62%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Weighted-average number of common shares—diluted</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,917,014
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,988,655
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,118,607
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,844,469
</td>
<td valign="bottom" style="width:00.78%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(a) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">See Note 5 for the impact of the increase in income tax expense during the three months ended December 31, 2017.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:48.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Three months ended</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:11.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">March 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:11.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">June 30,<br />2016</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:11.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">September 30,<br />2016</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:11.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:48.04%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(in thousands, except share and per share amounts)</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Service revenue</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>108,291
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>109,955
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>113,057
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>115,596
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Network operations, including equity-based compensation expense</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,277
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,872
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48,827
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,089
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Gains on equipment transactions</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,946
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,439
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>687
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>667
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Operating income</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,675
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,511
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,063
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,795
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,354
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,224
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,459
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,892
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income per common share—basic and diluted</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.08
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.09
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.08
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.09
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Weighted-average number of common shares—basic</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,402,640
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,491,899
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,574,583
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,577,826
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:50.82%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Weighted-average number of common shares—diluted</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,571,937
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,757,494
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,816,860
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:10.42%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,803,782
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Below are the Company's service revenues and long lived assets by geographic region (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Service Revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">North America</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>402,194
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>372,810
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>332,814
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Europe</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>82,981
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74,090
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>71,420
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>485,175
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>446,900
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>404,234
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Long lived assets, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">North America</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>282,112
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>285,651
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>285,187
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Europe</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,194
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76,014
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74,976
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>381,306
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>361,665
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>360,163
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Number of<br />Options</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted-Average<br />Exercise Price</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Outstanding at December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>183,322
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32.35
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Granted</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>81,236
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43.93
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Cancelled and expired</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(35,340
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38.72
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Exercised—intrinsic value $0.5 million; cash received $1.2 million</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(39,289
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31.12
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Outstanding at December 31, 2017—$1.8 million intrinsic value and 7.5 years weighted-average remaining contractual term</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>189,929
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36.37
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Exercisable at December 31, 2017—$1.4 million intrinsic value and 6.4 years weighted-average remaining contractual term</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>109,084
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32.85
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Expected to vest—$1.7 million intrinsic value and 7.3 years weighted-average remaining contractual term</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>168,762
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35.63
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years Ended<br />December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Black-Scholes Assumptions </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Dividend yield</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.7
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.8
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Expected volatility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27.1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30.8
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Risk-free interest rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.4
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.5
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Expected life of the option term (in years)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.6
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.6
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years Ended<br />December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Beginning balance of unrecognized tax benefits</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>776
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>866
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Decrease attributable to settlements with taxing authorities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(776
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Decrease attributable to lapses of statutes of limitation</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(90
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Ending balance of unrecognized tax benefits</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>776
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Schedule II<br />COGENT COMMUNICATIONS HOLDINGS, INC. AND SUBSIDIARIES<br />VALUATION AND QUALIFYING ACCOUNTS<br />(in thousands)</font><font style="display:inline;font-family:Times;"> </font><font style="display:inline;font-family:Times;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:61.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Description </font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:09.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance at<br />Beginning of<br />Period</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Charged to<br />Costs and<br />Expenses</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:09.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(Deductions)</font></p>
</td>
<td valign="bottom" style="width:00.78%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:08.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance at<br />End of<br />Period</font></p>
</td>
<td valign="bottom" style="width:00.58%;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:61.54%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Allowance for doubtful service accounts receivable (deducted from accounts receivable)(a)</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:07.96%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.24%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:06.82%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.30%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:07.52%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:61.54%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Year ended December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:07.96%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,707
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:06.82%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,746
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:08.30%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,696
</td>
<td valign="bottom" style="width:00.78%;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:07.52%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,757
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:61.54%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Year ended December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:07.96%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,757
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.24%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:06.82%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,840
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:08.30%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,863
</td>
<td valign="bottom" style="width:00.78%;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:07.52%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,734
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:61.54%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Year ended December 31, 2017</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:07.96%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,734
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:06.82%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,835
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:08.30%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,070
</td>
<td valign="bottom" style="width:00.78%;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:07.52%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,499
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:61.54%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Deferred tax valuation allowance</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:07.96%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.24%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:06.82%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:08.30%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.78%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:07.52%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:61.54%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Year ended December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:07.96%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>245,104
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:06.82%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,058
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:08.30%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(132,770
</td>
<td valign="bottom" style="width:00.78%;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:07.52%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>113,392
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:61.54%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Year ended December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:07.96%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>113,392
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.24%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:06.82%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,102
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:08.30%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,300
</td>
<td valign="bottom" style="width:00.78%;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:07.52%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>110,194
</td>
<td valign="bottom" style="width:00.58%;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:61.54%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Year ended December 31, 2017</font></p>
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:07.96%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>110,194
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:06.82%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,102
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:08.30%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(623
</td>
<td valign="bottom" style="width:00.78%;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:07.52%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>129,673
</td>
<td valign="bottom" style="width:00.58%;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(a) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Bad debt expense, net of recoveries, was approximately $3.7 million for the year ended December 31, 2017, $2.8 million for the year ended December 31, 2016 and $3.3 million for the year ended December 31, 2015.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended<br />December 31,<br />2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended<br />December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended<br />December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Weighted average common shares—basic</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,855,263
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,641,805
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,888,723
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Dilutive effect of stock options</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,534
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,760
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,196
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Dilutive effect of restricted stock</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>297,406
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>199,465
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>230,570
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Weighted average common shares—diluted</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,184,203
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,873,030
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,159,489
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
373205000
373512000
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">10. Geographic information:</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing the Company's performance. The Company has one operating segment. Revenues are attributed to regions based on where the services are provided. Below are the Company's service revenues and long lived assets by geographic region (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Service Revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">North America</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>402,194
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>372,810
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>332,814
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Europe</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>82,981
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74,090
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>71,420
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>485,175
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>446,900
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>404,234
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Long lived assets, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">North America</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>282,112
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>285,651
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>285,187
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Europe</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,194
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76,014
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74,976
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>381,306
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>361,665
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>360,163
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The majority of North American revenue consists of services delivered within the United States.</font>
</p><div /></div> </div>
113103000
120709000
127915000
11515000
10735000
13290000
P4Y
P4Y
P3Y
10181
39.88
100000
400000
73450
499654
470404
300000
105000
24050
33.19
38.87
40.52
870751
908761
908761
1112151
1112151
35.94
38.11
286083
14300000
12000000
2900000
12600000
19000000
14100000
35.35
P10Y
0.038
0.037
0.041
P4Y7M6D
P4Y7M6D
P4Y6M
0.325
0.308
0.271
0.015
0.014
0.020
1200000
1400000
109084
32.85
P6Y4M24D
500000
47705
3824
10181
35340
38.72
81236
6.29
6.23
7.06
1800000
183322
189929
32.35
36.37
P7Y6M
105000
24050
1700000
168762
35.63
P7Y3M18D
31.12
43.93
<div> <div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Equity-based compensation</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company recognizes compensation expense for its share-based payments granted to its employees based on their grant date fair values with the expense being recognized on a straight-line basis over the requisite service period. The Company begins recording equity-based compensation expense related to performance awards when it is considered probable that the performance conditions will be met and for market based awards compensation cost is recognized if the service condition is satisfied even if the market condition is not satisfied. Equity-based compensation expense is recognized in the statement of operations in a manner consistent with the classification of the employee's salary and other compensation.</font>
</p><div /></div> </div>
83794000
-6462000
460576000
46000
-370366000
-12271000
-14693000
434161000
45000
-431784000
-53254000
-17193000
442799000
45000
-478905000
-102544000
-4600000
456696000
46000
-554686000
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">7. Stockholders' equity:</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Authorized shares</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company has 75.0 million shares of authorized $0.001 par value common stock and 10,000 authorized but unissued shares of $0.001 par value preferred stock. The holders of common stock are entitled to one vote per common share and, subject to any rights of any series of preferred stock, dividends may be declared and paid on the common stock when determined by the Company's Board of Directors.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Common stock buybacks</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Company's Board of Directors has approved $50.0 million for purchases of the Company's common stock under a buyback program (the "Buyback Program"). At December 31, 2017, there was $41.5 million remaining for purchases under the Buyback Program. During 2017, 2016 and 2015, the Company purchased approximately 0.1 million, 0.1 million and 1.2 million shares of its common stock for $1.8 million, $4.5 million and $39.4 million, respectively. These common shares were subsequently retired.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Dividends on common stock</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Dividends are recorded as a reduction to retained earnings. Dividends on unvested restricted shares of common stock are paid as the awards vest. The Company's initial quarterly dividend payment was made in the third quarter of 2012.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The payment of any future dividends and any other returns of capital, including stock buybacks, will be at the discretion of the Company's Board of Directors and may be reduced, eliminated or increased and will be dependent upon the Company's financial position, results of operations, available cash, cash flow, capital requirements, limitations under the Company's debt indentures and other factors deemed relevant by the Company's Board of Directors. The Company is a Delaware Corporation and under the General Corporate Law of the State of Delaware distributions may be restricted including a restriction that distributions, including stock purchases and dividends, do not result in an impairment of a corporation's capital, as defined under Delaware Law. The indentures governing the Company's notes limit the Company's ability to return cash to its stockholders.</font>
</p><div /></div> </div>
62900
358130
499654
27676
53245
39289
39289
1000
1000
423000
423000
1220000
1220000
1222000
1222000
1242882
127482
46750
39395000
39394000
1000
4492000
4492000
1829000
1829000
1200000
100000
100000
39400000
4500000
1800000
50000000
41500000
<div> <div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">12. Subsequent Events:</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Dividend</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> On February 21, 2018, the Company's Board of Directors approved the payment of its quarterly dividend of $0.50 per common share. The dividend for the first quarter of 2018 will be paid to holders of record on March 9, 2018. This estimated $22.4 million dividend payment is expected to be made on March 26, 2018.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Share Grant</font>
</p>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In February 2018 the Company granted approximately 0.3 million shares under the Award Plan to certain of its employees and directors with a grant date fair value of approximately $14.1 million. The grant date fair value will be recognized as equity-based compensation expense on a straight line basis over the respective service periods. The vesting of certain of these shares (24,050) granted to the Company's executives is subject to performance conditions and the vesting of 105,000 shares granted to the Company's CEO are subject to the total shareholder return of the Company's common stock compared to the total shareholder return of the Nasdaq Telecommunications Index.</font>
</p><div /></div> </div>
2257000
2575000
1870000
2060000
866000
776000
776000
90000
400000
8400000
400000
300000
400000
14800000
5000000
9900000
186650000
187165000
<div> <div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Use of estimates</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The preparation of consolidated financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates.</font>
</p><div /></div> </div>
1707000
245104000
1757000
113392000
1734000
110194000
1499000
129673000
4746000
1058000
3840000
3102000
4835000
20102000
4696000
132770000
3863000
6300000
5070000
623000
45159489
44571937
44873030
44757494
44816860
44803782
44917014
45184203
44988655
45118607
44844469
44888723
44402640
44641805
44491899
44574583
44577826
44649645
44855263
44717372
44767163
44844469