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<div> <div>   Concentration of Risk – Certain of the Company’s products utilize components (raw materials and/or co-packing services) from a limited number of sources. A disruption in the supply of such components could significantly affect the Company’s revenues from those products, as alternative sources of such components may not be available at commercially reasonable rates or within a reasonably short time period. The Company continues to endeavor to secure the availability of alternative sources for such components and minimize the risk of any disruption in production.   TCCC, through certain wholly-owned subsidiaries (the “TCCC Subsidiaries”), accounted for approximately 41%, 43% and 29% of the Company’s net sales for the years ended December 31, 2016, 2015 and 2014, respectively.   <div /></div> </div> 292800000 332000000 205900000 0.015 0.01 -9846000 -181582000 -19092000 2843000 7809000 7274000 6065000 8022000 12078000 18663000 18359000 12946000 0.1500 0.5000 P4Y 0.0600 <div> <div>   9.DISTRIBUTION AGREEMENTS   In accordance with FASB ASC No. 420 “Exit or Disposal Cost Obligations”, the Company expenses distributor termination costs in the period in which the written notification of termination occurs.  As a result, the Company incurred termination costs of $79.8 million, $224.0 million and ($0.2) million for the years ended December 31, 2016, 2015 and 2014, respectively. Such termination costs have been expensed in full and are included in operating expenses for the years ended December 31, 2016, 2015 and 2014, respectively.   In the normal course of business, amounts received pursuant to new and/or amended distribution agreements entered into with certain distributors, relating to the costs associated with terminating agreements with the Company’s prior distributors, are accounted for as deferred revenue and are recognized as revenue ratably over the anticipated life of the respective distribution agreement, generally 20 years. Revenue recognized was $26.1 million, $50.5 million and $7.8 million for the years ended December 31, 2016, 2015 and 2014, respectively. Included in the $26.1 million of revenue recognized for the year ended December 31, 2016 was $5.7 million related to the accelerated amortization of the deferred revenue balances associated with certain of the Company’s prior distributors who were sent notices of termination during the year ended December 31, 2016. Included in the $50.5 million of revenue recognized for the year ended December 31, 2015 was $39.8 million related to the accelerated amortization of the deferred revenue balances associated with certain of the Company’s prior distributors who were sent notices of termination during the year ended December 31, 2015. There was no acceleration of deferred revenue in the year ended December 31, 2014.   <div /></div> </div> P20Y -200000 224000000 79800000 4824000 15495000 99600000 13900000 P3Y1M6D P1Y7M6D 0.2200 0.2100 0.2400 0 0 62500000 375000000 312500000 250000000 187500000 125000000 62500000 125000000 -842000 -250000 1707701000 699346000 1008355000 2364278000 1334494000 28035000 1001749000 33700000 36800000 <div> <div>   Long-Lived Assets – Management regularly reviews property and equipment and other long-lived assets, including certain definite-lived intangible assets, for possible impairment. This review occurs annually, or more frequently if events or changes in circumstances indicate the carrying amount of the asset may not be recoverable.  If there is indication of impairment, management then prepares an estimate of future cash flows (undiscounted and without interest charges) expected to result from the use of the asset and its eventual disposition. If these cash flows are less than the carrying amount of the asset, an impairment loss is recognized to write down the asset to its estimated fair value. The fair value is estimated using the present value of the future cash flows discounted at a rate commensurate with management’s estimates of the business risks. Preparation of estimated expected future cash flows is inherently subjective and is based on management’s best estimate of assumptions concerning expected future conditions. For the fiscal years ended December 31, 2016, 2015 and 2014, there were no impairment indicators identified. Long-lived assets held for sale are recorded at the lower of their carrying amount or fair value less cost to sell.   <div /></div> </div> 0 -2338000 11196000 -3328000 20530000 7009000 -3939000 -4580000 -600000 19981000 34900000 29400000 25600000 759958000 11071000 4277000 3978000 709207000 23369000 8056000 223144000 6003000 2403000 3917000 4003000 40382000 140379000 26057000 1.05 2200000 2200000 3800000 <div> <div>   Recent Accounting Pronouncements – In January 2017, the FASB issued ASU No. 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business”, which clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. This amendment is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact of ASU No. 2017-01 on its financial position, results of operations and liquidity.   In January 2017, the FASB issued ASU No. 2017-04, “Intangibles and Other (Topic 350): Simplifying the Test for Goodwill Impairment”, which eliminates the requirement to calculate the implied fair value of goodwill but rather require an entity to record an impairment charge based on the excess of a reporting unit’s carrying value over its fair value. This amendment is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted. The Company is currently evaluating the impact of ASU No. 2017-04 on its financial position, results of operations and liquidity.   In October 2016, the FASB issued ASU No. 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory”, in an effort to improve the accounting for the income tax consequences of intra-equity transfers of assets other than inventory. Current GAAP prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. FASB ASU No. 2016-16 establishes the requirement that an entity recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. ASU No. 2016-16 is effective for financial statements issued for annual periods beginning after December 15, 2017 and interim periods within those annual periods. Earlier application is permitted as of the beginning of an interim or annual reporting period, with any adjustments reflected as of the beginning of the fiscal year of adoption. The Company is currently evaluating the impact of ASU No. 2016-16 on its financial position, results of operations and liquidity.   In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230)”. The new guidance is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. ASU No. 2016-15 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is permitted, provided that all of the amendments are adopted in the same period. The guidance requires application using a retrospective transition method. The Company is currently evaluating the impact of ASU No. 2016-15 on its financial position, results of operations and liquidity.   In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. The accounting standard changes the methodology for measuring credit losses on financial instruments and the timing when such losses are recorded. ASU No. 2016-13 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. Early adoption is permitted for fiscal years, and interim periods within those years, beginning after December 15, 2018. The Company is currently evaluating the impact of ASU No. 2016-13 on its financial position, results of operations and liquidity.   In March 2016, the FASB issued ASU No. 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”, which changes how companies account for certain aspects of share-based payments to employees. The new guidance identifies areas for simplification involving several aspects of accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur and certain classifications on the statement of cash flows. The update is effective for annual reporting periods beginning after December 15, 2016, including interim periods within those annual reporting periods, with early application permitted. The Company early adopted the standards update, effective January 1, 2016, electing (i) retrospective adjustment in the statement of cash flows and (ii) continued recognition of stock compensation based on estimated forfeitures.  For the year ended December 31, 2015 and 2014, net cash provided by operating activities increased and net cash provided by financing activities decreased by $314.8 million and $11.9 million, respectively, as a result of such retrospective adjustment. For the year ended December 31, 2016, the Company recorded $20.8 million of excess tax benefits in net income that previously would have been recorded in additional paid-in-capital. The adoption of ASU No. 2016-09 did not have a material impact on the Company’s financial position, results of operations or liquidity.   In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”. This update is intended to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. This update is effective for annual and interim reporting periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact of ASU No. 2016-02 on its financial position, results of operations and liquidity.   In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)”, which supersedes previous revenue recognition guidance. ASU No. 2014-09 requires that a company recognize revenue at an amount that reflects the consideration to which the company expects to be entitled in exchange for transferring goods or services to a customer. In applying the new guidance, a company will (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the contract’s performance obligations; and (v) recognize revenue when (or as) the entity satisfies a performance obligation. ASU No. 2014-09 was to be effective for reporting periods beginning after December 15, 2016.  However, on July 9, 2015, the FASB voted to approve a one-year deferral of the effective date. This new guidance is effective for the Company beginning January 1, 2018 and can be adopted using either a full retrospective or modified approach. The Company is currently evaluating the impact of ASU No. 2014-09 on its financial position, results of operations and liquidity.   <div /></div> </div> 2 56820 2 <div> <div>   Operating Expenses – Operating expenses include selling expenses such as distribution expenses to transport products to customers and warehousing expenses after manufacture, as well as expenses for advertising, sampling and in-store demonstration costs, costs for merchandise displays, point-of-sale materials and premium items, sponsorship expenses, other marketing expenses and design expenses.  Operating expenses also include such costs as payroll costs, travel costs, professional service fees including legal fees, termination payments made to certain of the Company’s prior distributors, depreciation and other general and administrative costs.   <div /></div> </div> 105300000 22000000 0.50 0.50 0.40 0.50 0.60 0.70 0.80 0.90 0.95 0.89 P1Y 179658000 0.385 39100000 2 43700000 <div> <div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 73.00%;margin-left:72pt;"> <tr> <td valign="bottom" style="width:41.50%;background-color: #auto;padding:0pt;"> Percentage Transitioned </td> <td valign="bottom" style="width:03.50%;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:55.00%;background-color: #auto;padding:0pt;"> Escrow Release </td> </tr> <tr> <td valign="top" style="width:41.50%;background-color: #auto;padding:0pt;"> 40% </td> <td valign="top" style="width:03.50%;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:55.00%;background-color: #auto;padding:0pt;"> Amounts in excess of $375 million </td> </tr> <tr> <td valign="top" style="width:41.50%;background-color: #auto;padding:0pt;"> 50% </td> <td valign="top" style="width:03.50%;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:55.00%;background-color: #auto;padding:0pt;"> Amounts in excess of $312.5 million </td> </tr> <tr> <td valign="top" style="width:41.50%;background-color: #auto;padding:0pt;"> 60% </td> <td valign="top" style="width:03.50%;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:55.00%;background-color: #auto;padding:0pt;"> Amounts in excess of $250 million </td> </tr> <tr> <td valign="top" style="width:41.50%;background-color: #auto;padding:0pt;"> 70% </td> <td valign="top" style="width:03.50%;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:55.00%;background-color: #auto;padding:0pt;"> Amounts in excess of $187.5 million </td> </tr> <tr> <td valign="top" style="width:41.50%;background-color: #auto;padding:0pt;"> 80% </td> <td valign="top" style="width:03.50%;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:55.00%;background-color: #auto;padding:0pt;"> Amounts in excess of $125 million </td> </tr> <tr> <td valign="top" style="width:41.50%;background-color: #auto;padding:0pt;"> 90% </td> <td valign="top" style="width:03.50%;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:55.00%;background-color: #auto;padding:0pt;"> Amounts in excess of $62.5 million </td> </tr> <tr> <td valign="top" style="width:41.50%;background-color: #auto;padding:0pt;"> 95% </td> <td valign="top" style="width:03.50%;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:55.00%;background-color: #auto;padding:0pt;"> All remaining amounts </td> </tr> </table></div>   <div /></div> </div> <div> <div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 93.00%;margin-left:36pt;"> <tr> <td valign="top" style="width:64.44%;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2016 </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2015 </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.44%;padding:0pt;"> Amortizing intangibles </td> <td valign="bottom" style="width:02.14%;padding:0pt;">   </td> <td valign="bottom" style="width:03.06%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>71,290 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.38%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.54%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,263 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.44%;padding:0pt;"> Accumulated amortization </td> <td valign="bottom" style="width:02.14%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(14,535 </td> <td valign="bottom" style="width:01.00%;"> ) </td> <td valign="bottom" style="width:03.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,899 </td> <td valign="bottom" style="width:01.08%;"> ) </td> </tr> <tr> <td valign="top" style="width:64.44%;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.44%;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>56,755 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,364 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.44%;padding:0pt;"> Non-amortizing intangibles </td> <td valign="bottom" style="width:02.14%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>975,880 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>396,622 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.44%;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.44%;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;padding:0pt;">   </td> <td valign="bottom" style="width:03.06%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,032,635 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.38%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.54%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>427,986 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.44%;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;padding:0pt;">   </td> <td valign="bottom" style="width:03.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div> <div> <div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 90.00%;margin-left:36pt;"> <tr> <td valign="top" style="width:50.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Year Ended December 31, 2015¹ </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Year Ended December 31, 2014 </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> Net sales: </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> Amortization of deferred revenue </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.62%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,887 </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.62%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,900 </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td valign="bottom" style="width:09.98%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> Net income: </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> Amortization of deferred revenue </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.62%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,887 </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.62%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,900 </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td valign="bottom" style="width:09.98%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> To record sales commissions </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(15,470) </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(38,352) </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> To record amortization of definite lived KO Energy intangibles </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,126) </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,000) </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> To eliminate TCCC Transaction expenses </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,495 </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,824 </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> Estimated provision for income taxes on pro forma adjustments </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,545 </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,428 </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> Estimated provision for income taxes on KO Energy income </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(38,721) </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(84,106) </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.62%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(30,390) </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.62%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(95,306) </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td valign="bottom" style="width:09.98%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td valign="bottom" style="width:09.98%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> </table></div>   ¹Includes amortization of deferred revenue, sales commissions and amortization of intangibles through June 12, 2015, the date the TCCC Transaction was consummated.   <div /></div> </div> 5000 19.42 1.00 P10Y 2.16 28552000 32719000 45848000 125000000 125000000 801000 250000 4400000 500000 -8900000

144763000

193270000

58579000

41210000

371000

236000

172201000

151756000

352955000

448051000

2750000

-103900000

7657000

81786000

79526000

588000

764000

92520000

109909000

-193000

-21878000

-23056000

-21878000

-23249000

3989787000

4051245000

-831000

28989000

32719000

45848000

11924000

314737000

11900000

314700000

28600000

32700000

45800000

25620000

23661000

10939000

-7000000

-3126000

2100000

3000000

5700000

1000000

5571277000

4153471000

3599532000

1432270000

2935158000

919728000

2015430000

85007000

430605000

664005000

731744000

508256000

260035000

664005000

85007000

430605000

731744000

508256000

260035000

600002000

355084000

244918000

47855000

76112000

157617000

26051000

13923000

76112000

47855000

157617000

26051000

13923000

222948000

40382000

2394000

140198000

26051000

13923000

196000

9000

181000

6000

223144000

40382000

2403000

140379000

26057000

13923000

196000

9000

181000

6000

35400000

102121602

0.10

<div> <div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 83.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:17.80%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="9" valign="bottom" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Year Ended December 31, 2015 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:29.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Pro Forma Adjustments </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Monster Beverage Corporation as reported¹ </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> KO Energy² </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Disposal of Monster Non- Energy³ </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Other </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Pro Forma Combined </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;"> Net sales </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;"> $  2,722,564 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;"> $  138,127 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;"> $    (60,778) </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;"> $    8,887 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;"> $ 2,808,800 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;"> Net income </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>546,733 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100,575 </td> <td valign="bottom" style="width:03.00%;padding:0pt;"> 4 </td> <td valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(101,618) </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(30,390) </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>515,300 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="9" valign="bottom" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Year Ended December 31, 2014 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:29.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Pro Forma Adjustments </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Monster Beverage Corporation as reported </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> KO Energy </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Disposal of Monster Non-Energy </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Other </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Pro Forma Combined </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;"> Net sales </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;"> $  2,464,867 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;"> $  342,432 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;"> $   (150,374) </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;"> $  19,900 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;"> $ 2,676,825 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;"> Net income </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>483,185 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>218,456 </td> <td valign="bottom" style="width:03.00%;padding:0pt;"> 4 </td> <td valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,647) </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(95,306) </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>601,688 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> </table></div>   ¹Includes net sales of $143.3 million and net income of $55.2 million (tax affected) related to the acquired KO Energy assets since the date of acquisition, June 12, 2015.   ²Includes results through June 12, 2015, the date the TCCC Transaction was finalized. Net income for KO Energy includes only net revenues and direct operating expenses, rather than full “carve-out” financial statements, because such financial information would not be meaningful given that it is not possible to provide a meaningful allocation of business unit and corporate costs, interest or tax in respect of KO Energy.   ³Includes results through June 12, 2015. Net income includes gain recognized on the sale of Monster Non-Energy of $161.5 million.   4The $100.6 million and $218.5 million of net income for KO Energy for the years ended December 31, 2015 and 2014, respectively, are presented before tax. The associated estimated provision for income taxes is included in the “Other” category.   <div /></div> </div>

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<div> <div>   14.STOCK-BASED COMPENSATION   The Company has two stock-based compensation plans under which shares were available for grant at December 31, 2016: the Monster Beverage Corporation 2011 Omnibus Incentive Plan (the “2011 Omnibus Incentive Plan”), including the Monster Beverage Deferred Compensation Plan (the “Deferred Compensation Plan”) as a sub plan thereunder, and the 2009 Monster Beverage Corporation Stock Incentive Plan for Non-Employee Directors (the “2009 Directors Plan”).   The 2011 Omnibus Incentive Plan permits the granting of options, stock appreciation rights, restricted stock, restricted stock units, performance awards and other stock-based awards up to an aggregate of 43,500,000 shares of the common stock of the Company to employees or consultants of the Company and its subsidiaries. Shares authorized under the 2011 Omnibus Incentive Plan are reduced by 2.16 shares for each share granted or issued with respect to a Full Value Award. A Full Value Award is an award other than an incentive stock option, a non-qualified stock option, or a stock appreciation right, which is settled by the issuance of shares. Options granted under the 2011 Omnibus Incentive Plan may be incentive stock options under Section 422 of the Internal Revenue Code, as amended, or non-qualified stock options. The Compensation Committee of the Board of Directors (the “Compensation Committee”) has sole and exclusive authority to grant stock awards to all employees who are not new hires and to all new hires who are subject to Section 16 of the Exchange Act. The Compensation Committee and the Executive Committee of the Board of Directors (the “Executive Committee”) each independently has the authority to grant stock awards to new hires who are not Section 16 employees. Awards granted by the Executive Committee are not subject to approval or ratification by the Board or the Compensation Committee. Options granted under the 2011 Omnibus Incentive Plan generally vest over a five-year period from the grant date and are generally exercisable up to 10 years after the grant date. As of December 31, 2016, 18,799,813 shares of the Company’s common stock have been granted, net of cancellations, and 21,120,151 shares (as adjusted for Full Value Awards) of the Company’s common stock remain available for grant under the 2011 Omnibus Incentive Plan.   In 2016, the Company adopted the Deferred Compensation Plan (as a sub plan to the 2011 Omnibus Incentive Plan), pursuant to which eligible employees may elect to defer cash and/or equity based compensation and to receive the deferred amounts, together with an investment return (positive or negative), either at a pre-determined time in the future or upon termination of their employment with the Company or its subsidiaries or affiliates that are participating employers under the Deferred Compensation Plan, as provided under the Deferred Compensation Plan and in relevant deferral elections.  Deferrals under the Deferred Compensation Plan are unfunded and unsecured. As of December 31, 2016, there were no deferrals under the Deferred Compensation Plan. As of February 10, 2017, deferrals under the Deferred Compensation Plan are solely comprised of cash compensation and equity compensation coming due after March, 2018 and are not material in the aggregate.   The 2009 Directors Plan permits the granting of options, stock appreciation rights (each, a “SAR”), and other stock-based awards to purchase up to an aggregate of 4,800,000 shares of common stock of the Company to non-employee directors of the Company. The 2009 Directors Plan is administered by the Board of Directors. Each award granted under the 2009 Directors Plan will be evidenced by a written agreement and will contain the terms and conditions that the Board of Directors deems appropriate. The Board of Directors may grant such awards on the last business day prior to the date of the annual meeting of stockholders. Any award granted under the 2009 Directors Plan will vest, with respect to 100% of such award, on the last business day prior to the date of the annual meeting, in the calendar year following the calendar year in which such award is granted. The Board of Directors may determine the exercise price per share of the Company’s common stock under each option, but such price may not be less than 100% of the closing price of the Company’s common stock on the date an option is granted. Option grants may be made under the 2009 Directors Plan for 10 years from June 4, 2009. The Board of Directors may also grant SARs, independently, or in connection with an option grant. The Board of Directors may determine the exercise price per share of the Company’s common stock under each SAR, but such price may not be less than the greater of (i) the fair market value of a share on the date the SAR is granted and (ii) the price of the related option, if the SAR is granted in connection with an option grant. Additionally, the Board of Directors may grant other stock-based awards, which include awards of shares of the Company’s common stock, restricted shares of the Company’s common stock, and awards that are valued based on the fair market value of shares of the Company’s common stock. SARs and other stock-based awards are subject to the general provisions of the 2009 Directors Plan. The Board of Directors may amend or terminate the 2009 Directors Plan at any time. As of December 31, 2016, 286,551 shares of the Company’s common stock had been granted under the 2009 Directors Plan, and 4,513,449 shares of the Company’s common stock remained available for grant.   The Company recorded $45.8 million, $32.7 million and $28.6 million of compensation expense relating to stock options, restricted stock awards, SARs and restricted stock units during the years ended December 31, 2016, 2015 and 2014, respectively.   The excess tax benefit realized for tax deductions from non-qualified stock option exercises, disqualifying dispositions of incentive stock options, vesting of restricted stock units and restricted stock awards for the years ended December 31, 2016, 2015 and 2014 was $20.8 million, $314.7 million and $11.9 million, respectively. As a result of the Company’s early adoption of ASU No. 2016-09 effective January 1, 2016, the Company recorded excess tax benefits of $20.8 million in net income for the year ended December 31, 2016.  The excess tax benefits for the years ended December 31, 2015 and 2014 of $314.7 million and $11.9 million, respectively, were recorded in additional paid-in-capital.   Stock Options   Under the Company’s stock-based compensation plans, all stock options granted as of December 31, 2016 were granted at prices based on the fair value of the Company’s common stock on the date of grant. The Company records compensation expense for employee stock options based on the estimated fair value of the options on the date of grant using the Black-Scholes-Merton option pricing formula with the assumptions included in the table below. The Company records compensation expense for non-employee stock options based on the estimated fair value of the options as of the earlier of (1) the date at which a commitment for performance by the non-employee to earn the stock option is reached or (2) the date at which the non-employee’s performance is complete, using the Black-Scholes-Merton option pricing formula with the assumptions included in the table below. The Company uses historical data to determine the exercise behavior, volatility and forfeiture rate of the options.   The following weighted-average assumptions were used to estimate the fair value of options granted during:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 80.00%;margin-left:54pt;"> <tr> <td valign="bottom" style="width:45.08%;padding:0pt;">   </td> <td valign="bottom" style="width:03.18%;padding:0pt;">   </td> <td valign="bottom" style="width:15.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:03.14%;padding:0pt;">   </td> <td valign="bottom" style="width:15.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:03.14%;padding:0pt;">   </td> <td valign="bottom" style="width:15.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2014 </td> </tr> <tr> <td valign="top" style="width:45.08%;padding:0pt;"> Dividend yield </td> <td valign="top" style="width:03.18%;padding:0pt;">   </td> <td valign="top" style="width:15.18%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.0% </td> <td valign="top" style="width:03.14%;padding:0pt;">   </td> <td valign="top" style="width:15.14%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.0% </td> <td valign="top" style="width:03.14%;padding:0pt;">   </td> <td valign="top" style="width:15.14%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.0% </td> </tr> <tr> <td valign="top" style="width:45.08%;padding:0pt;"> Expected volatility </td> <td valign="top" style="width:03.18%;padding:0pt;">   </td> <td valign="top" style="width:15.18%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36.2% </td> <td valign="top" style="width:03.14%;padding:0pt;">   </td> <td valign="top" style="width:15.14%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37.1% </td> <td valign="top" style="width:03.14%;padding:0pt;">   </td> <td valign="top" style="width:15.14%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>41.4% </td> </tr> <tr> <td valign="top" style="width:45.08%;padding:0pt;"> Risk-free interest rate </td> <td valign="top" style="width:03.18%;padding:0pt;">   </td> <td valign="top" style="width:15.18%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.57% </td> <td valign="top" style="width:03.14%;padding:0pt;">   </td> <td valign="top" style="width:15.14%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.57% </td> <td valign="top" style="width:03.14%;padding:0pt;">   </td> <td valign="top" style="width:15.14%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.55% </td> </tr> <tr> <td valign="top" style="width:45.08%;padding:0pt;"> Expected term </td> <td valign="top" style="width:03.18%;padding:0pt;">   </td> <td valign="top" style="width:15.18%;padding:0pt;"> 6.3 Years </td> <td valign="top" style="width:03.14%;padding:0pt;">   </td> <td valign="top" style="width:15.14%;padding:0pt;"> 5.8 Years </td> <td valign="top" style="width:03.14%;padding:0pt;">   </td> <td valign="top" style="width:15.14%;padding:0pt;"> 5.8 Years </td> </tr> </table></div>     Expected Volatility: The Company uses historical volatility as it provides a reasonable estimate of the expected volatility. Historical volatility is based on the most recent volatility of the stock price over a period of time equivalent to the expected term of the option.   Risk-Free Interest Rate: The risk-free interest rate is based on the U.S. Treasury zero coupon yield curve in effect at the time of grant for the expected term of the option.   Expected Term: The Company’s expected term represents the weighted-average period that the Company’s stock options are expected to be outstanding. The expected term is based on expected time to post-vesting exercise of options by employees. The Company uses historical exercise patterns of previously granted options to derive employee behavioral patterns used to forecast expected exercise patterns.   The following table summarizes the Company’s activities with respect to its stock option plans as follows:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:39.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Options </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Number of Shares (In thousands) </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted- Average Exercise Price Per Share </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted- Average Remaining Contractual Term (In years) </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Aggregate Intrinsic Value </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.00%;padding:0pt;"> Outstanding at January 1, 2016 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,770 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16.95 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.6 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.34%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.66%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>646,497 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.00%;padding:0pt;"> Granted 01/01/16 - 03/31/16 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,883 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44.02 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.00%;padding:0pt;"> Granted 04/01/16 - 06/30/16 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>657 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46.18 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.00%;padding:0pt;"> Granted 07/01/16 - 09/30/16 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>52.60 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.00%;padding:0pt;"> Granted 10/01/16 - 12/31/16 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,510 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43.87 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.00%;padding:0pt;"> Exercised </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.15pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,887) </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.72 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.00%;padding:0pt;"> Cancelled or forfeited </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.15pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(332) </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33.65 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   </td> <td valign="bottom" style="width:08.84%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.00%;padding:0pt;"> Outstanding at December 31, 2016 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,643 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23.55 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.8 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.34%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.66%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>474,739 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.00%;padding:0pt;"> Vested and expected to vest in the </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.00%;padding:0pt;"> future at December 31, 2016 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,269 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22.40 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.6 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.34%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.66%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>470,017 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.00%;padding:0pt;"> Exercisable at December 31, 2016 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,231 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11.26 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.6 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.34%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.66%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>404,982 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> </table></div>   The following table summarizes information about stock options outstanding and exercisable at December 31, 2016:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td colspan="3" valign="bottom" style="width:22.58%;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:46.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Options Outstanding </td> <td valign="bottom" style="width:02.16%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:26.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Options Exercisable </td> </tr> <tr> <td colspan="3" valign="bottom" style="width:22.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Range of Exercise Prices ($) </td> <td valign="bottom" style="width:02.16%;padding:0pt;">   </td> <td valign="bottom" style="width:14.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Number Outstanding (In Thousands) </td> <td valign="bottom" style="width:02.16%;padding:0pt;">   </td> <td valign="bottom" style="width:14.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted Average Remaining Contractual Term (Years) </td> <td valign="bottom" style="width:02.16%;padding:0pt;">   </td> <td valign="bottom" style="width:14.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted Average Exercise Price ($) </td> <td valign="bottom" style="width:02.16%;padding:0pt;">   </td> <td valign="bottom" style="width:14.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Number Exercisable (In Thousands) </td> <td valign="bottom" style="width:02.16%;padding:0pt;">   </td> <td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted Average Exercise Price ($) </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $4.51 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $4.51 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>52 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.9 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>4.51 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>52 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>4.51 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $5.29 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $5.29 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,945 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.4 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>5.29 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,945 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>5.29 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $5.61 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $5.61 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.1 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>5.61 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>5.61 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $5.94 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $5.94 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,427 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.9 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>5.94 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,427 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>5.94 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $6.02 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $15.71 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,286 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.9 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>12.57 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,440 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>10.73 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $15.88 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $22.26 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,268 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.2 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>18.60 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,666 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>18.43 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $23.00 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $36.05 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,289 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.2 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>23.83 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,075 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>23.45 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $37.10 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $43.64 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,218 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.2 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>41.64 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>162 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>37.42 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $43.99 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $43.99 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,774 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.1 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>43.99 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;padding:0pt;"> - </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>0.00 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $44.73 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $53.24 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,329 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.5 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>45.53 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>409 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>45.15 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;">   </td> <td valign="top" style="width:02.50%;padding:0pt;">   </td> <td valign="top" style="width:10.06%;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;">   </td> <td valign="top" style="width:02.50%;padding:0pt;">   </td> <td valign="top" style="width:10.06%;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,643 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.8 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>23.55 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,231 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>11.26 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;">   </td> <td valign="top" style="width:02.50%;padding:0pt;">   </td> <td valign="top" style="width:10.06%;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;padding:0pt;">   </td> </tr> </table></div>   The weighted-average grant-date fair value of options granted during the years ended December 31, 2016, 2015 and 2014 was $16.90 per share, $16.73 per share and $10.50 per share, respectively. The total intrinsic value of options exercised during the years ended December 31, 2016, 2015 and 2014 was $70.6 million, $870.1 million and $47.1 million, respectively.   Cash received from option exercises under all plans for the years ended December 31, 2016, 2015 and 2014 was approximately $16.4 million, $49.2 million and $17.2 million, respectively.   At December 31, 2016, there was $99.6 million of total unrecognized compensation expense related to non-vested options granted to employees under the Company’s share-based payment plans. That cost is expected to be recognized over a weighted-average period of 3.1 years.   Restricted Stock Awards and Restricted Stock Units   Stock-based compensation cost for restricted stock awards and restricted stock units is measured based on the closing fair market value of the Company’s common stock at the date of grant. In the event that the Company has the option and intent to settle a restricted stock unit in cash, the award is classified as a liability and revalued at each balance sheet date. Total cash paid to settle restricted stock unit liabilities and the increase in the liabilities for future cash settlements during the years ended December 31, 2016 and 2015 were not material.   The following table summarizes the Company’s activities with respect to non-vested restricted stock units as follows:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 66.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:52.98%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:20.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Number of Shares (in thousands) </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted Average Grant-Date Fair Value </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.98%;padding:0pt;"> Non-vested at January 1, 2016 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:20.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>535 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:05.76%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.26%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33.19 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.98%;padding:0pt;"> Granted 01/01/16- 03/31/16 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:20.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>246 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:05.76%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.26%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43.99 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.98%;padding:0pt;"> Granted 04/01/16- 06/30/16 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:20.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:05.76%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.26%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49.65 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.98%;padding:0pt;"> Granted 07/01/16- 09/30/16 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:20.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:05.76%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.26%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.98%;padding:0pt;"> Granted 10/01/16- 12/31/16 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:20.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:05.76%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.26%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.98%;padding:0pt;"> Vested </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:20.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.15pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(256) </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:05.76%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.26%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31.50 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.98%;padding:0pt;"> Forfeited/cancelled </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:20.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.15pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5) </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:05.76%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.26%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19.42 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.98%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:20.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:05.76%;padding:0pt;">   </td> <td valign="bottom" style="width:12.26%;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.98%;padding:0pt;"> Non-vested at December 31, 2016 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:20.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>556 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:05.76%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.26%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39.95 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.98%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:20.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:05.76%;padding:0pt;">   </td> <td valign="bottom" style="width:12.26%;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> </table></div>   The weighted-average grant-date fair value of restricted stock units and restricted stock awards granted during the years ended December 31, 2016, 2015 and 2014 was $44.71, $45.50 and $28.13 per share, respectively. As of December 31, 2016, 0.5 million of restricted stock units are expected to vest.   At December 31, 2016, total unrecognized compensation expense relating to non-vested restricted stock awards and non-vested restricted stock units was $13.9 million, which is expected to be recognized over a weighted-average period of 1.6 years.   Employee and Non-Employee Share-Based Compensation Expense   The table below shows the amounts recognized in the consolidated financial statements for the twelve-months ended December 31, 2016, 2015 and 2014 for share-based compensation related to employees and non-employees. Employee and non-employee share-based compensation expense of $45.8 million for the year ended December 31, 2016 is comprised of $8.0 million that relates to incentive stock options and $37.8 million that relates to non-qualified stock options and restricted units and awards. Employee and non-employee share-based compensation expense of $32.7 million for the year ended December 31, 2015 is comprised of $6.2 million that relates to incentive stock options and $26.5 million that relates to non-qualified stock options and restricted units and awards. Employee and non-employee share-based compensation expense of $28.6 million for the year ended December 31, 2014 is comprised of $4.8 million that relates to incentive stock options and $23.8 million that relates to non-qualified stock options and restricted units and awards.   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:49.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:49.50%;padding:0pt;"> Operating expenses </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.16%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,848 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.84%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,719 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.34%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.66%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,552 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:49.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:49.50%;padding:0pt;"> Total employee and non-employee share-based compensation expense included in income, before income tax </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,848 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,719 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,552 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:49.50%;padding:0pt;"> Less: Amount of income tax benefit recognized in earnings </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.15pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(34,909) </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.15pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,058) </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.15pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,932) </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:49.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:49.50%;padding:0pt;"> Amount charged against net income </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.16%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,939 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.84%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,661 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.34%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.66%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,620 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:49.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div>

<div> <div>   Net Income Per Common Share – In accordance with FASB ASC 260, net income per common share, on a basic and diluted basis, is presented for all periods.  Basic net income per share is computed by dividing net income by the weighted average number of common shares outstanding during each period. Diluted net income per share is computed by dividing net income by the weighted average number of common and dilutive common equivalent shares outstanding. The calculation of common equivalent shares assumes the exercise of dilutive stock options, net of assumed treasury share repurchases at average market prices, as applicable.   <div /></div> </div>

0.3500

-5488000

-5306000

-4606000

22159000

30043000

17200000

49200000

16400000

2932000

9058000

34909000

11900000

314700000

20800000

717600000

1151700000

1259700000

20800000

<div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> December 31, 2016 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Level 1 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Level 2 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Level 3 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Cash </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>278,972 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>278,972 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Money market funds </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76,112 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76,112 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Commercial paper </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,855 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,855 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Variable rate demand notes </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,923 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,923 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,617 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,617 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,051 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,051 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Foreign currency derivatives </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(528 </td> <td valign="bottom" style="width:02.00%;"> ) </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(528 </td> <td valign="bottom" style="width:01.00%;"> ) </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>355,084 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>244,918 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>600,002 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Amounts included in: </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Cash and cash equivalents </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>355,084 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,498 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>377,582 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Short-term investments </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>220,554 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>220,554 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Accounts receivable, net </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>236 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>236 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Investments </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,394 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,394 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Accrued liabilities </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(764 </td> <td valign="bottom" style="width:02.00%;"> ) </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(764 </td> <td valign="bottom" style="width:01.00%;"> ) </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>355,084 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>244,918 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>600,002 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> December 31, 2015 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Level 1 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Level 2 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Level 3 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Cash </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>255,723 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>255,723 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Money market funds </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>664,005 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>664,005 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Certificates of deposit </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,007 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,007 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Commercial paper </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>430,605 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>430,605 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> U.S. Treasuries </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>260,035 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>260,035 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>731,744 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>731,744 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>508,256 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>508,256 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Foreign currency derivatives </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(217 </td> <td valign="bottom" style="width:02.00%;"> ) </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(217 </td> <td valign="bottom" style="width:01.00%;"> ) </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>919,728 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,015,430 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,935,158 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Amounts included in: </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Cash and cash equivalents </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>919,728 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,255,689 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,175,417 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Short-term investments </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>744,610 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>744,610 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Accounts receivable, net </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>371 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>371 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Investments </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,348 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,348 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Accrued liabilities </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(588 </td> <td valign="bottom" style="width:02.00%;"> ) </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(588 </td> <td valign="bottom" style="width:01.00%;"> ) </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>919,728 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,015,430 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,935,158 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div>

<div> <div>   4.FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES   FASB ASC 820 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. FASB ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. FASB ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The three levels of inputs required by the standard that the Company uses to measure fair value are summarized below.   <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:54pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> · </td><td style="width:0pt;"></td><td align="left" valign="top"> Level 1: Quoted prices in active markets for identical assets or liabilities.</td></tr></table></div>   <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:54pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> · </td><td style="width:0pt;"></td><td align="left" valign="top"> Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.</td></tr></table></div>   <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:54pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> · </td><td style="width:0pt;"></td><td align="left" valign="top"> Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.</td></tr></table></div>   FASB ASC 820 requires the use of observable market inputs (quoted market prices) when measuring fair value and requires a Level 1 quoted price to be used to measure fair value whenever possible.   The following tables present the Company’s financial assets that are recorded at fair value on a recurring basis, segregated among the appropriate levels within the fair value hierarchy at:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> December 31, 2016 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Level 1 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Level 2 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Level 3 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Cash </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>278,972 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>278,972 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Money market funds </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76,112 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76,112 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Commercial paper </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,855 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,855 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Variable rate demand notes </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,923 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,923 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,617 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,617 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,051 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,051 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Foreign currency derivatives </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(528 </td> <td valign="bottom" style="width:02.00%;"> ) </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(528 </td> <td valign="bottom" style="width:01.00%;"> ) </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>355,084 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>244,918 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>600,002 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Amounts included in: </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Cash and cash equivalents </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>355,084 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,498 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>377,582 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Short-term investments </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>220,554 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>220,554 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Accounts receivable, net </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>236 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>236 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Investments </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,394 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,394 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Accrued liabilities </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(764 </td> <td valign="bottom" style="width:02.00%;"> ) </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(764 </td> <td valign="bottom" style="width:01.00%;"> ) </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>355,084 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>244,918 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>600,002 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> December 31, 2015 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Level 1 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Level 2 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Level 3 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Cash </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>255,723 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>255,723 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Money market funds </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>664,005 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>664,005 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Certificates of deposit </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,007 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,007 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Commercial paper </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>430,605 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>430,605 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> U.S. Treasuries </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>260,035 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>260,035 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>731,744 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>731,744 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>508,256 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>508,256 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Foreign currency derivatives </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(217 </td> <td valign="bottom" style="width:02.00%;"> ) </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(217 </td> <td valign="bottom" style="width:01.00%;"> ) </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>919,728 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,015,430 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,935,158 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Amounts included in: </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Cash and cash equivalents </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>919,728 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,255,689 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,175,417 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Short-term investments </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>744,610 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>744,610 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Accounts receivable, net </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>371 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>371 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Investments </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,348 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,348 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Accrued liabilities </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(588 </td> <td valign="bottom" style="width:02.00%;"> ) </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(588 </td> <td valign="bottom" style="width:01.00%;"> ) </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>919,728 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,015,430 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,935,158 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   All of the Company’s short-term investments are classified within Level 1 or Level 2 of the fair value hierarchy.  The Company’s valuation of its Level 1 investments, which include money market funds, is based on quoted market prices in active markets for identical securities. The Company’s valuation of its Level 2 investments, which include municipal securities, commercial paper, U.S. Treasuries, certificates of deposit, VRDNs and U.S. government agency securities, is based on other observable inputs, specifically a market approach which utilizes valuation models, pricing systems, mathematical tools and other relevant information for the same or similar securities. The Company’s valuation of its Level 2 foreign currency exchange contracts is based on quoted market prices of the same or similar instruments, adjusted for counterparty risk. There were no transfers between Level 1 and Level 2 measurements during the years ended December 31, 2016 and 2015, and there were no changes in the Company’s valuation techniques.   <div /></div> </div>

-400000

3899000

14535000

8536000

11845000

4721000

7963000

11845000

35263000

71290000

31364000

56755000

P7Y

P5Y

3400000

5500000

9700000

-200000

224000000

79800000

161470000

161500000

801000

250000

408000

-193000

204000

1279715000

641716000

637999000

51928000

1331643000

693644000

637999000

51928000

48000000

1339810000

368957000

1632301000

394508000

465476000

403360000

423098000

1942000000

517814000

502975000

498113000

63000

296000

8000

192000

25000

58000

13000

759958000

3978000

11071000

709207000

4277000

23369000

8056000

296000

8000

192000

25000

58000

13000

759725000

3978000

11063000

709078000

4252000

23311000

8043000

711917000

859039000

1029763000

745788000

-166657000

745788000

904888000

7557000

891548000

-199939000

891548000

836429000

165233000

89825000

1079685000

-234334000

1079685000

1148640000

2295000

163084000

33871000

32509000

49922000

0.96

0.01

0.97

0.43

0.28

0.23

0.27

1.21

0.31

0.34

0.30

0.92

0.01

0.95

0.42

0.28

0.22

0.26

1.19

0.30

0.33

0.30

<div> <div>   15.INCOME TAXES   The domestic and foreign components of the Company’s income before provision for income taxes are as follows:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 93.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:52.32%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="8" valign="bottom" style="width:43.94%;padding:0pt;"> Year Ended December 31, </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.32%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.32%;padding:0pt;"> Domestic* </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:03.02%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.84%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,029,763 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.20%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>859,039 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:03.20%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.66%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>711,917 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.32%;padding:0pt;"> Foreign* </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49,922 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,509 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,871 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.32%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.32%;padding:0pt;"> Income before provision for income taxes </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:03.02%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.84%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,079,685 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.20%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>891,548 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:03.20%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.66%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.05pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>745,788 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.32%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:03.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:03.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:09.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> </table></div>   *After intercompany royalties, management fees and interest charges from the Company’s domestic to foreign entities of $25.6 million, $29.4 million and $34.9 million for the years ended December 31, 2016, 2015 and 2014, respectively.   Components of the provision for income taxes are as follows:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 66.00%;margin-left:36pt;"> <tr> <td valign="bottom" style="width:33.24%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="8" valign="bottom" style="width:61.48%;padding:0pt;"> Year Ended December 31, </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:33.24%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:33.24%;padding:0pt;"> Current: </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;padding:0pt;">   </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:33.24%;padding:0pt;"> Federal </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:04.22%;padding:0pt;">   $ </td> <td valign="bottom" style="width:13.76%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>212,283 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:04.98%;padding:0pt;">   $ </td> <td valign="bottom" style="width:13.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>548,018 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:04.50%;padding:0pt;">   $ </td> <td valign="bottom" style="width:13.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>228,348 </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:33.24%;padding:0pt;"> State </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,756 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88,671 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,633 </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:33.24%;padding:0pt;"> Foreign </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,171 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,634 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,467 </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:33.24%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:33.24%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>265,210 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>647,323 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>272,448 </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:33.24%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;padding:0pt;">   </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:33.24%;padding:0pt;"> Deferred: </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;padding:0pt;">   </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:33.24%;padding:0pt;"> Federal </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>87,360 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(255,422) </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,473) </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:33.24%;padding:0pt;"> State </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,254 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(40,446) </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(442) </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:33.24%;padding:0pt;"> Foreign </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,709) </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,420) </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,476 </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:33.24%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:33.24%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>92,905 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(301,288) </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,439) </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:33.24%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;padding:0pt;">   </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:33.24%;padding:0pt;"> Valuation allowance </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,885 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,220) </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,406) </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:33.24%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:33.24%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:04.22%;padding:0pt;">   $ </td> <td valign="bottom" style="width:13.76%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>367,000 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:04.98%;padding:0pt;">   $ </td> <td valign="bottom" style="width:13.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>344,815 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:04.50%;padding:0pt;">   $ </td> <td valign="bottom" style="width:13.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>262,603 </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:33.24%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:04.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:04.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:04.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.52%;padding:0pt;">   </td> </tr> </table></div>     The differences in the total provision for income taxes that would result from applying the 35% federal statutory rate to income before provision for income taxes and the reported provision for income taxes are as follows:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 90.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:50.56%;padding:0pt;">   </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="8" valign="bottom" style="width:45.58%;padding:0pt;"> Year Ended December 31, </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.56%;padding:0pt;">   </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.56%;padding:0pt;"> U.S. Federal tax expense at statutory rates </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.22%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>377,599 </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td valign="bottom" style="width:03.68%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.66%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>312,042 </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td valign="bottom" style="width:03.30%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.04%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>261,025 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.56%;padding:0pt;"> State income taxes, net of federal tax benefit </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,148 </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,046 </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,859 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.56%;padding:0pt;"> Permanent differences </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>954 </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,285 </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,107 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.56%;padding:0pt;"> Stock Based Compensation </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(13,654) </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,203 </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,709 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.56%;padding:0pt;"> Domestic production deduction </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,447) </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,607) </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.56%;padding:0pt;"> Other </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,765) </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(127) </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,267) </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.56%;padding:0pt;"> Foreign rate differential </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,720) </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,414) </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(817) </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.56%;padding:0pt;"> Valuation allowance </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,885 </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,220) </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,406) </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.56%;padding:0pt;">   </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.56%;padding:0pt;">   </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.22%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>367,000 </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td valign="bottom" style="width:03.68%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.66%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>344,815 </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td valign="bottom" style="width:03.30%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.04%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>262,603 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.56%;padding:0pt;">   </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td valign="bottom" style="width:03.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:09.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td valign="bottom" style="width:03.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> </table></div>   Major components of the Company’s deferred tax assets (liabilities) at December 31 are as follows:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 83.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:64.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Deferred Tax Assets: </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Reserve for sales returns </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td valign="bottom" style="width:04.02%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>149 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.80%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>242 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Reserve for doubtful accounts </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Reserve for inventory obsolescence </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>524 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,126 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Reserve for marketing development fund </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,065 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,118 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Capitalization of inventory costs </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,714 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,927 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> State franchise tax - current </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,016 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,143 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Accrued compensation </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,212 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,584 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Accrued other liabilities </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,967 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,565 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Deferred revenue </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>145,319 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>152,777 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Stock-based compensation </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,873 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,488 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Securities impairment </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>289 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Foreign net operating loss carryforward </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,894 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,624 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Prepaid supplies </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,022 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,065 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Termination payments </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>98,244 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>81,896 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Capital loss carryforward </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>370 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Elimination Company Profit </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,843 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Gain on intercompany transfer </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,274 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,809 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Total gross deferred tax assets </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td valign="bottom" style="width:04.02%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>356,198 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.80%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>332,041 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td valign="bottom" style="width:04.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Deferred Tax Liabilities: </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Amortization of trademarks </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td valign="bottom" style="width:04.02%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(18,663) </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.80%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,078) </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Intangibles </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(131,264) </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(134,021) </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> State franchise tax - deferred </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,946) </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(18,359) </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Other deferred tax liabilities </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(957) </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,381) </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Depreciation </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,736) </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,543) </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Total gross deferred tax liabilities </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(170,566) </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(174,382) </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Valuation Allowance </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(26,076) </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(17,191) </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;"> Net deferred tax assets </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td valign="bottom" style="width:04.02%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>159,556 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.80%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>140,468 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.98%;padding:0pt;">   </td> <td valign="bottom" style="width:04.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> </table></div>       During the years ended December 31, 2016, 2015 and 2014, the Company established full valuation allowances against certain deferred tax assets, resulting from cumulative net operating losses incurred by certain foreign subsidiaries of the Company. The effect of the valuation allowances and the subsequent related impact on the Company’s overall tax rate was to increase (decrease) the Company’s provision for income taxes by $8.9 million, ($0.5) million and ($4.4) million for the years ended December 31, 2016, 2015 and 2014, respectively. At December 31, 2016, the Company had net operating loss carryforwards of approximately $127.3 million. Of this amount, $105.3 million may be carried forward indefinitely. The remaining $22.0 million of net operating loss carryforwards will begin to expire in 2017.   The following is a roll-forward of the Company’s total gross unrecognized tax benefits, not including interest and penalties, for the years ended December 31, 2016, 2015 and 2014:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 66.00%;margin-left:36pt;"> <tr> <td valign="bottom" style="width:66.24%;padding:0pt;">   </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:28.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Gross Unrealized Tax Benefits </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:66.24%;padding:0pt;"> Balance at January 1, 2014 </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td valign="bottom" style="width:06.44%;padding:0pt;">   $ </td> <td valign="bottom" style="width:22.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>935 </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:66.24%;padding:0pt;"> Additions for tax positions related to the current year </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:28.70%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:66.24%;padding:0pt;"> Additions for tax positions related to the prior year </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:28.70%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:66.24%;padding:0pt;"> Decreases for tax positions related to prior years </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:28.70%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:66.24%;padding:0pt;">   </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:28.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:66.24%;padding:0pt;"> Balance at December 31, 2014 </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td valign="bottom" style="width:06.44%;padding:0pt;">   $ </td> <td valign="bottom" style="width:22.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>935 </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:66.24%;padding:0pt;">   </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td valign="bottom" style="width:06.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:22.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:66.24%;padding:0pt;"> Additions for tax positions related to the current year </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:28.70%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:66.24%;padding:0pt;"> Additions for tax positions related to the prior year </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:28.70%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:66.24%;padding:0pt;"> Decreases for tax positions related to prior years </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:28.70%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(464) </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:66.24%;padding:0pt;">   </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:28.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:66.24%;padding:0pt;"> Balance at December 31, 2015 </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td valign="bottom" style="width:06.44%;padding:0pt;">   $ </td> <td valign="bottom" style="width:22.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>471 </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:66.24%;padding:0pt;">   </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td valign="bottom" style="width:06.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:22.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:66.24%;padding:0pt;"> Additions for tax positions related to the current year </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:28.70%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:66.24%;padding:0pt;"> Additions for tax positions related to the prior year </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:28.70%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:66.24%;padding:0pt;"> Decreases for tax positions related to prior years </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:28.70%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(462) </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:66.24%;padding:0pt;">   </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:28.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:66.24%;padding:0pt;"> Balance at December 31, 2016 </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td valign="bottom" style="width:06.44%;padding:0pt;">   $ </td> <td valign="bottom" style="width:22.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9 </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:66.24%;padding:0pt;">   </td> <td valign="bottom" style="width:03.60%;padding:0pt;">   </td> <td valign="bottom" style="width:06.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:22.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.44%;padding:0pt;">   </td> </tr> </table></div>   The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes in the Company’s consolidated financial statements. As of December 31, 2016, the Company had accrued approximately $0.1 million in interest and penalties related to unrecognized tax benefits. If the Company were to prevail on all uncertain tax positions it would not have a significant impact on the Company’s effective tax rate.   It is expected that the amount of unrecognized tax benefit change within the next 12 months will not be significant.   The Company is subject to U.S. federal income tax as well as to income tax in multiple state and foreign jurisdictions.   In October 2016, the Internal Revenue Service (the “IRS”) began its examination of the Company’s U.S. federal income tax returns for the year ended December 31, 2014. In August 2015, the IRS began its examination of the Company’s U.S. federal income tax returns for the years ended December 31, 2012 and 2013.   The Company is in various stages of examination with certain states and certain foreign jurisdictions. The 2012, 2013, 2014 and 2015 U.S. federal income tax returns are subject to examination by the IRS. State income tax returns are subject to examination for the 2012 through 2015 tax years.   <div /></div> </div>

267251000

224928000

431273000

262603000

344815000

367000000

20607000

21447000

-817000

-5414000

-9720000

261025000

312042000

377599000

2107000

5285000

954000

2709000

3203000

-13654000

-1267000

-127000

-8765000

23859000

31046000

33148000

11282000

20864000

45340000

14290000

77331000

86382000

8438000

311534000

4375000

3019000

43312000

-2852000

-8107000

-38631000

13819000

3394000

4507000

8051000

-42763000

7068000

-20875000

-888000

9713000

6682000

-157000

11009000

48023000

21084000

11310000

11945000

396622000

975880000

427986000

1032635000

34000

29000

68000

104078000

103313000

156121000

161971000

52043000

58658000

759725000

11063000

4252000

3978000

709078000

23311000

8043000

222948000

6003000

2394000

3917000

4003000

40382000

140198000

26051000

<div> <div>   3.INVESTMENTS   The following table summarizes the Company’s investments at:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:26.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2016 </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Amortized Cost   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Gross Unrealized Holding Gains </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Gross Unrealized Holding Losses </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Fair Value </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Continuous Unrealized Loss Position less than 12 Months </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Continuous Unrealized Loss Position greater than 12 Months </td> <td valign="bottom" style="width:00.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Available-for-sale </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Short-term: </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Commercial paper </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,382  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.24%;padding:0pt;">   $ </td> <td valign="bottom" style="width:07.76%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.10%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:03.50%;padding:0pt;">   $ </td> <td valign="bottom" style="width:06.52%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,382  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.10%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   $ </td> <td valign="bottom" style="width:07.36%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>140,379  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>181 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>140,198  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>181 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,057  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,051  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Variable rate demand notes </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,923  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,923  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Long-term: </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,403  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,394  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>223,144  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.24%;padding:0pt;">   $ </td> <td valign="bottom" style="width:07.76%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.10%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>196 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:03.50%;padding:0pt;">   $ </td> <td valign="bottom" style="width:06.52%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>222,948  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.10%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>196 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   $ </td> <td valign="bottom" style="width:07.36%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:03.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.00%;padding:0pt;"> December 31, 2015 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;padding:0pt;"> Amortized Cost   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> Gross Unrealized Holding Gains </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> Gross Unrealized Holding Losses </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;padding:0pt;"> Fair Value </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> Continuous Unrealized Loss Position less than 12 Months </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> Continuous Unrealized Loss Position greater than 12 Months </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Held-to-Maturity </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Short-term: </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Commercial paper </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,978 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.24%;padding:0pt;">   $ </td> <td valign="bottom" style="width:07.76%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.10%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:03.50%;padding:0pt;">   $ </td> <td valign="bottom" style="width:06.52%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,978 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.10%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   $ </td> <td valign="bottom" style="width:07.36%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>709,207 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>63 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>192 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>709,078 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>192 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,369 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,311 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> U.S. Treasuries </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,056 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,043 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Long-term: </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,071 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,063 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,277 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,252 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>759,958 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.24%;padding:0pt;">   $ </td> <td valign="bottom" style="width:07.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>63 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.10%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>296 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.74%;padding:0pt;">   $ </td> <td colspan="2" valign="bottom" style="width:07.28%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>759,725 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.10%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>296 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   $ </td> <td valign="bottom" style="width:07.36%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:07.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> </table></div>   During the years ended December 31, 2016 and 2015, realized gains or losses recognized on the sale of investments were not significant. During June 2016, the Company sold a large portion of its held-to-maturity investments prior to maturity in order to fund a portion of a common stock repurchase (see Note 13). As a result, the Company’s remaining held-to-maturity investments of $43.7 million were transferred to available-for-sale effective June 15, 2016.   The Company’s investments at December 31, 2016 and 2015 in commercial paper, municipal securities, U.S. government agency securities, U.S. treasuries and/or variable rate demand notes (“VRDNs”) carried investment grade credit ratings. VRDNs are floating rate municipal bonds with embedded put options that allow the bondholder to sell the security at par plus accrued interest. All of the put options are secured by a pledged liquidity source. While they are classified as marketable investment securities, the put option allows the VRDNs to be liquidated at par on a same day, or more generally, on a seven day settlement basis.   The following table summarizes the underlying contractual maturities of the Company’s investments at:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:37.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:28.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2016 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:28.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2015 </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.02%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Amortized Cost </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Fair Value </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Amortized Cost </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Fair Value </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.00%;padding:0pt;"> Less than 1 year: </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.02%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.00%;padding:0pt;"> Commercial paper </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.84%;padding:0pt;">   $ </td> <td valign="bottom" style="width:11.16%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,382 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.00%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,382 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   $ </td> <td valign="bottom" style="width:11.26%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,978 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.42%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.58%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,978 </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.00%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>140,379 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>140,198 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.02%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>709,207 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>709,078 </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.00%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,057 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,051 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.02%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,369 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,311 </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.00%;padding:0pt;"> U.S. Treasuries </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.02%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,056 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,043 </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.00%;padding:0pt;"> Due 1 -10 years: </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.02%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.00%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,403 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,394 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.02%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,071 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,063 </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.00%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.02%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,277 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,252 </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.00%;padding:0pt;"> Variable rate demand notes </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,917 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,917 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.02%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.00%;padding:0pt;"> Due 11 - 20 years: </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.02%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.00%;padding:0pt;"> Variable rate demand notes </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,003 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,003 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.02%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.00%;padding:0pt;"> Due 21 - 30 years: </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.02%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.00%;padding:0pt;"> Variable rate demand notes </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,003 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,003 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.02%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:14.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.00%;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.84%;padding:0pt;">   $ </td> <td valign="bottom" style="width:11.16%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>223,144 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.00%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>222,948 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   $ </td> <td valign="bottom" style="width:11.26%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>759,958 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.42%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.58%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>759,725 </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:09.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.98%;padding:0pt;">   </td> </tr> </table></div>   The Company recognized a net gain through earnings on its trading securities as follows for the years ended:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 90.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:50.56%;padding:0pt;">   </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.56%;padding:0pt;"> Gain (loss) on transfer from available-for-sale to trading </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.68%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.68%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td valign="bottom" style="width:03.30%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.04%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.56%;padding:0pt;"> Gain on trading securities sold </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>250  </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>978  </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.56%;padding:0pt;"> (Loss) gain on trading securities held </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(177) </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.56%;padding:0pt;">   </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.56%;padding:0pt;"> Gain on trading securites </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.68%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.68%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>250  </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td valign="bottom" style="width:03.30%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.04%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>801  </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.56%;padding:0pt;">   </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.78%;padding:0pt;">   </td> <td valign="bottom" style="width:03.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div>

86200000

109800000

128000000

5571277000

4153471000

410277000

470589000

0.0150

0.0100

10000000

4000000

15348000

2394000

47000000

2800000

6600000

6900000

9600000

171500000

209700000

270600000

<div> <div>   2.ACQUISITIONS AND DIVESTITURES   American Fruits & Flavors   On April 1, 2016, the Company completed its acquisition of flavor supplier and long-time business partner American Fruits & Flavors (“AFF”), in an asset acquisition that brought the Company’s primary flavor supplier in-house, secured the intellectual property of the Company’s most important flavors in perpetuity and further enhanced its flavor development and global flavor footprint capabilities (the “AFF Transaction”). Pursuant to the terms of the AFF Transaction, the Company purchased AFF for $688.5 million in cash after adjustments.   The Company accounted for the AFF Transaction in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805 “Business Combinations”.   The following table summarizes the final fair value allocations of the AFF Transaction consideration:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 86.00%;margin-left:36pt;"> <tr> <td valign="top" style="width:60.40%;padding:0pt;">   </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Identifiable Assets Acquired and Liabilities Assumed </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Consideration Transferred </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Intangibles - flavor formulas (non-amortizing)¹ </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td valign="bottom" style="width:03.82%;padding:0pt;">   $ </td> <td valign="bottom" style="width:13.68%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>570,000 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td valign="bottom" style="width:04.08%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.24%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Intangibles - flavor formulas (amortizing) </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>641 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Intangibles - customer relationships (amortizing) </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,100 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Intangibles - trademarks (amortizing) </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>500 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Intangibles - other (amortizing) </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>200 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Working capital (excluding inventory) </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,861 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Inventory </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,600 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Property and equipment, net </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,175 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Favorable leases </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,480 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Goodwill </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,928 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Cash </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>688,485 </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;">   </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Total </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td valign="bottom" style="width:03.82%;padding:0pt;">   $ </td> <td valign="bottom" style="width:13.68%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>688,485 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td valign="bottom" style="width:04.08%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.24%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>688,485 </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;">   </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td valign="bottom" style="width:03.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td valign="bottom" style="width:04.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   1Represents proprietary formulas for the Company’s principal products.   During the fourth quarter of 2016, the Company identified a measurement period adjustment to the Company’s previous purchase accounting estimates for the AFF Transaction. The adjustments to the estimated values previously disclosed, resulted from the completed assessment of a certain flavor formula. As a result, Intangibles – flavor formulas (non-amortizing) decreased and Goodwill increased by $48.0 million, respectively, from amounts previously reported.   The Company determined the estimated fair values as follows:   <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:54pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> · </td><td style="width:0pt;"></td><td align="left" valign="top"> Flavor formulas (non-amortizing) – multi-period excess earnings method</td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:54pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> · </td><td style="width:0pt;"></td><td align="left" valign="top"> Flavor formulas (amortizing) – replacement cost method</td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:54pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> · </td><td style="width:0pt;"></td><td align="left" valign="top"> Customer relationships – multi-period excess earnings method</td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:54pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> · </td><td style="width:0pt;"></td><td align="left" valign="top"> Trademarks – relief-from-royalty method</td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:54pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> · </td><td style="width:0pt;"></td><td align="left" valign="top"> Inventory – comparative sales method and replacement cost method</td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:54pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> · </td><td style="width:0pt;"></td><td align="left" valign="top"> Property and equipment, net – replacement cost method</td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:54pt;"></td><td valign="top" align="left" style="width: 18.00pt; display: inline;"> · </td><td style="width:0pt;"></td><td align="left" valign="top"> Favorable leases – discounted cash flow method</td></tr></table></div>   The final book value of the working capital (excluding inventory) approximates fair value.   The Company has determined goodwill in accordance with FASB ASC 805-30-30-1, “Business Combinations”, which requires the recognition of goodwill for the excess of the aggregate consideration over the net amounts of identifiable assets acquired and liabilities assumed as of the acquisition date.   For tax purposes, the AFF Transaction was recorded as an asset purchase. As such, the Company received a step-up in tax basis of the AFF assets, net, equal to the purchase price.   In accordance with Regulation S-X, pro forma unaudited financial information for the AFF Transaction has not been provided as the impact of the transaction on the Company’s financial position, results of operations and liquidity was not material.   The Coca-Cola Company   On June 12, 2015, the Company completed the transactions contemplated by the definitive agreements entered into with The Coca-Cola Company (“TCCC”) on August 14, 2014 (the “TCCC Transaction”), which provided for a long-term strategic relationship in the global energy drink category.   In consequence of the TCCC Transaction, (1) the Company issued to TCCC 102,121,602 newly issued Company common shares representing approximately 16.7% of the total number of outstanding Company common shares (after giving effect to such issuance) at such time and TCCC appointed two individuals to the Company’s Board of Directors, (2) TCCC transferred all of its rights in and to TCCC’s worldwide energy drink business (“KO Energy”) to the Company, (3) the Company transferred all of its rights in and to its non-energy drink business (“Monster Non-Energy”) to TCCC, (4) the Company and TCCC amended the distribution coordination agreements previously existing between them to govern the transition of third parties’ rights to distribute the Company’s energy products in most territories in the U.S. to members of TCCC’s distribution network, which consists of owned or controlled bottlers/distributors and independent bottling/distribution partners, and (5) TCCC and one of its subsidiaries made an aggregate net cash payment to the Company of $2.15 billion, $125.0 million of which was held in escrow, as described below, pursuant to an escrow agreement (the “Escrow Agreement”) through June 17, 2016, subject to release upon the achievement of certain milestones relating to the transition of distribution rights to TCCC’s distribution network.   Under the terms of the Escrow Agreement and the transition payment agreement entered into in connection therewith, if the distribution rights in the U.S. transitioned to TCCC’s distribution network represented case sales in excess of the following percentages of a target case sale amount agreed to by the parties, amounts in the escrow fund in excess of the applicable amounts below would be released to the Company:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 73.00%;margin-left:72pt;background-color: #FFFFFF;"> <tr> <td valign="bottom" style="width:41.50%;background-color: #FFFFFF;padding:0pt;"> Percentage Transitioned </td> <td valign="bottom" style="width:03.50%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="bottom" style="width:55.00%;background-color: #FFFFFF;padding:0pt;"> Escrow Release </td> </tr> <tr> <td valign="top" style="width:41.50%;background-color: #FFFFFF;padding:0pt;"> 40% </td> <td valign="top" style="width:03.50%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="top" style="width:55.00%;background-color: #FFFFFF;padding:0pt;"> Amounts in excess of $375 million </td> </tr> <tr> <td valign="top" style="width:41.50%;background-color: #FFFFFF;padding:0pt;"> 50% </td> <td valign="top" style="width:03.50%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="top" style="width:55.00%;background-color: #FFFFFF;padding:0pt;"> Amounts in excess of $312.5 million </td> </tr> <tr> <td valign="top" style="width:41.50%;background-color: #FFFFFF;padding:0pt;"> 60% </td> <td valign="top" style="width:03.50%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="top" style="width:55.00%;background-color: #FFFFFF;padding:0pt;"> Amounts in excess of $250 million </td> </tr> <tr> <td valign="top" style="width:41.50%;background-color: #FFFFFF;padding:0pt;"> 70% </td> <td valign="top" style="width:03.50%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="top" style="width:55.00%;background-color: #FFFFFF;padding:0pt;"> Amounts in excess of $187.5 million </td> </tr> <tr> <td valign="top" style="width:41.50%;background-color: #FFFFFF;padding:0pt;"> 80% </td> <td valign="top" style="width:03.50%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="top" style="width:55.00%;background-color: #FFFFFF;padding:0pt;"> Amounts in excess of $125 million </td> </tr> <tr> <td valign="top" style="width:41.50%;background-color: #FFFFFF;padding:0pt;"> 90% </td> <td valign="top" style="width:03.50%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="top" style="width:55.00%;background-color: #FFFFFF;padding:0pt;"> Amounts in excess of $62.5 million </td> </tr> <tr> <td valign="top" style="width:41.50%;background-color: #FFFFFF;padding:0pt;"> 95% </td> <td valign="top" style="width:03.50%;background-color: #FFFFFF;padding:0pt;">   </td> <td valign="top" style="width:55.00%;background-color: #FFFFFF;padding:0pt;"> All remaining amounts </td> </tr> </table></div>   As of December 31, 2016, distribution rights in the U.S. representing approximately 89% of the target case sales had been transitioned to TCCC’s distribution network.  As a result, on the one-year anniversary of the closing of the TCCC Transaction, the then-remaining escrow amount of $125 million was released to TCCC. During January 2017, an additional 5% of the target case sales were transitioned to TCCC’s distribution network, resulting in a $62.5 million payment from TCCC to the Company. TCCC will pay directly to the Company the remaining $62.5 million described above dependent upon future target case sale transitions. The Company expects to transition sufficient additional distribution rights to receive the remaining amounts.   The following unaudited pro forma combined financial information is presented as if the TCCC Transaction had closed on January 1, 2014:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 83.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:17.80%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="9" valign="bottom" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Year Ended December 31, 2015 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:29.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Pro Forma Adjustments </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Monster Beverage Corporation as reported¹ </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> KO Energy² </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Disposal of Monster Non- Energy³ </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Other </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Pro Forma Combined </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;"> Net sales </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;"> $  2,722,564 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;"> $  138,127 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;"> $    (60,778) </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;"> $    8,887 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;"> $ 2,808,800 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;"> Net income </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>546,733 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100,575 </td> <td valign="bottom" style="width:03.00%;padding:0pt;"> 4 </td> <td valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(101,618) </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(30,390) </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>515,300 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="9" valign="bottom" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Year Ended December 31, 2014 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:29.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Pro Forma Adjustments </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Monster Beverage Corporation as reported </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> KO Energy </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Disposal of Monster Non-Energy </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Other </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Pro Forma Combined </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;"> Net sales </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;"> $  2,464,867 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;"> $  342,432 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;"> $   (150,374) </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;"> $  19,900 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;padding:0pt;"> $ 2,676,825 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:17.80%;padding:0pt;"> Net income </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>483,185 </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>218,456 </td> <td valign="bottom" style="width:03.00%;padding:0pt;"> 4 </td> <td valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,647) </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(95,306) </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>601,688 </td> <td valign="bottom" style="width:01.20%;padding:0pt;">   </td> </tr> </table></div>   ¹Includes net sales of $143.3 million and net income of $55.2 million (tax affected) related to the acquired KO Energy assets since the date of acquisition, June 12, 2015.   ²Includes results through June 12, 2015, the date the TCCC Transaction was finalized. Net income for KO Energy includes only net revenues and direct operating expenses, rather than full “carve-out” financial statements, because such financial information would not be meaningful given that it is not possible to provide a meaningful allocation of business unit and corporate costs, interest or tax in respect of KO Energy.   ³Includes results through June 12, 2015. Net income includes gain recognized on the sale of Monster Non-Energy of $161.5 million.   4The $100.6 million and $218.5 million of net income for KO Energy for the years ended December 31, 2015 and 2014, respectively, are presented before tax. The associated estimated provision for income taxes is included in the “Other” category.   Pro-Forma Adjustments – Other include the following:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 90.00%;margin-left:36pt;"> <tr> <td valign="top" style="width:50.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Year Ended December 31, 2015¹ </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Year Ended December 31, 2014 </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> Net sales: </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> Amortization of deferred revenue </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.62%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,887 </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.62%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,900 </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td valign="bottom" style="width:09.98%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> Net income: </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> Amortization of deferred revenue </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.62%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,887 </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.62%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,900 </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td valign="bottom" style="width:09.98%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> To record sales commissions </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(15,470) </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(38,352) </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> To record amortization of definite lived KO Energy intangibles </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,126) </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,000) </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> To eliminate TCCC Transaction expenses </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,495 </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,824 </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> Estimated provision for income taxes on pro forma adjustments </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,545 </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,428 </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> Estimated provision for income taxes on KO Energy income </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(38,721) </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(84,106) </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.24%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.62%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(30,390) </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.62%;;font-family:Times New Roman,Times,serif;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(95,306) </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td valign="bottom" style="width:09.98%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td valign="bottom" style="width:09.98%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> </table></div>   ¹Includes amortization of deferred revenue, sales commissions and amortization of intangibles through June 12, 2015, the date the TCCC Transaction was consummated.   For purposes of the unaudited pro forma financial information, a combined U.S. Federal and state statutory tax rate of 38.5% has been used. This rate does not reflect the Company’s expected effective tax rate, which includes other tax charges and benefits, and does not take into account any historical or possible future tax events that may impact the combined company.   The unaudited pro forma financial information is presented for information purposes only and is not intended to represent or be indicative of the combined results of operations that the Company would have reported had the TCCC Transaction been completed as of the date and for the periods presented, and should not be taken as representative of the Company’s consolidated results of operations following the completion of the TCCC Transaction. In addition, the unaudited pro forma financial information is not intended to project the future financial results of operations of the combined company. The unaudited pro forma combined financial information does not reflect any cost savings, operational synergies or revenue enhancements that the combined company may achieve as a result of the TCCC Transaction, or the costs to combine the operations or costs necessary to achieve cost savings, operating synergies and revenue enhancements.   <div /></div> </div>

0.167

11900000

7374000

887611000

-2238391000

-440403000

400066000

-256193000

314800000

597491000

522723000

701355000

483185000

218456000

-4647000

-95306000

4414000

546733000

100575000

-101618000

-30390000

229004000

55200000

174574000

138741000

163877000

712685000

184219000

191643000

172946000

1000000

18000000

28200000

-1717000

-2105000

-5653000

592305000

900118000

856662000

747505000

-164279000

747505000

904224000

7560000

893653000

-197474000

893653000

836053000

165233000

89841000

1085338000

-228505000

1085338000

1148427000

2295000

163121000

7400000

7000000

6000000

18782000

5677000

992000

1093000

1231000

1777000

8012000

6800000

10700000

9900000

127300000

10874000

21630000

-193000

-10220000

-10425000

-1178000

-10220000

-10425000

-1371000

-193000

26900000

19900000

28200000

25300000

27000000

30200000

-1230000

398000

-7000

8175000

807967000

2252437000

249900000

2000000000

2600000

4001000

300426000

688485000

1130601000

2033584000

152050000

3411000

6888000

5518000

27952000

35605000

99819000

26967000

32562000

18462000

-16900000

66550000

198008000

17168000

1696661000

16405000

710294000

2089788000

868304000

4001000

120987000

963000

926000

807000

13075000

4160000

43800000

60800000

66300000

189874000

11080000

39848000

93465000

3551000

6792000

2804000

2530000

29804000

283252000

11701000

69547000

114230000

3635000

46596000

2687000

3274000

31582000

97354000

173343000

<div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 93.00%;margin-left:36pt;"> <tr> <td valign="top" style="width:64.66%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.66%;padding:0pt;"> Land </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.02%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.84%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,596 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.20%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.66%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,792 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.66%;padding:0pt;"> Leasehold improvements </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,687 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,804 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.66%;padding:0pt;"> Furniture and fixtures </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,635 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,551 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.66%;padding:0pt;"> Office and computer equipment </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,701 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,080 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.66%;padding:0pt;"> Computer software </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,274 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,530 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.66%;padding:0pt;"> Equipment </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>114,230 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>93,465 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.66%;padding:0pt;"> Building </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>69,547 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,848 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.66%;padding:0pt;"> Vehicles </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,582 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,804 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.66%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.66%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>283,252 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>189,874 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.66%;padding:0pt;"> Less: accumulated depreciation and amortization </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(109,909 </td> <td valign="bottom" style="width:01.08%;"> ) </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(92,520 </td> <td valign="bottom" style="width:01.06%;"> ) </td> </tr> <tr> <td valign="top" style="width:64.66%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.66%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.02%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.84%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>173,343 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.20%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.66%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,354 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:64.66%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:09.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div>

P10Y

P3Y

125000000

600000

1900000

1500000

16000000

26200000

1619000

1083000

2359000

1394863000

2107548000

38352000

15470000

2464867000

534200000

2464867000

2314492000

150375000

342432000

-150374000

19900000

626791000

2722564000

580300000

2722564000

2518505000

60777000

143282000

138127000

-60778000

8887000

693722000

143300000

756619000

645432000

680186000

3049393000

733700000

3049393000

2759862000

17011000

272520000

827488000

787954000

753765000

<div> <div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 86.00%;margin-left:36pt;"> <tr> <td valign="top" style="width:60.40%;padding:0pt;">   </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Identifiable Assets Acquired and Liabilities Assumed </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Consideration Transferred </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Intangibles - flavor formulas (non-amortizing)¹ </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td valign="bottom" style="width:03.82%;padding:0pt;">   $ </td> <td valign="bottom" style="width:13.68%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>570,000 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td valign="bottom" style="width:04.08%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.24%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Intangibles - flavor formulas (amortizing) </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>641 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Intangibles - customer relationships (amortizing) </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,100 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Intangibles - trademarks (amortizing) </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>500 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Intangibles - other (amortizing) </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>200 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Working capital (excluding inventory) </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,861 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Inventory </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,600 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Property and equipment, net </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,175 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Favorable leases </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,480 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Goodwill </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,928 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Cash </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>688,485 </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;">   </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;"> Total </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td valign="bottom" style="width:03.82%;padding:0pt;">   $ </td> <td valign="bottom" style="width:13.68%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>688,485 </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td valign="bottom" style="width:04.08%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.24%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>688,485 </td> </tr> <tr> <td valign="top" style="width:60.40%;padding:0pt;">   </td> <td valign="top" style="width:02.90%;padding:0pt;">   </td> <td valign="bottom" style="width:03.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:13.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.90%;padding:0pt;">   </td> <td valign="bottom" style="width:04.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   1Represents proprietary formulas for the Company’s principal products.   <div /></div> </div>

<div> <div>     Future minimum rental payments at December 31, 2016 under the operating leases referred to above are as follows:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 50.00%;margin-left:36pt;"> <tr> <td valign="top" style="width:68.90%;padding:0pt;"> Year Ending December 31: </td> <td valign="bottom" style="width:04.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:25.82%;padding:0pt;">   </td> <td valign="bottom" style="width:00.38%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:68.90%;padding:0pt;">   </td> <td valign="bottom" style="width:04.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:25.82%;padding:0pt;">   </td> <td valign="bottom" style="width:00.38%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:68.90%;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:04.90%;padding:0pt;">   </td> <td valign="bottom" style="width:07.58%;padding:0pt;">   $ </td> <td valign="bottom" style="width:18.24%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,677 </td> <td valign="bottom" style="width:00.38%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:68.90%;padding:0pt;"> 2018 </td> <td valign="bottom" style="width:04.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:25.82%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,777 </td> <td valign="bottom" style="width:00.38%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:68.90%;padding:0pt;"> 2019 </td> <td valign="bottom" style="width:04.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:25.82%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,231 </td> <td valign="bottom" style="width:00.38%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:68.90%;padding:0pt;"> 2020 </td> <td valign="bottom" style="width:04.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:25.82%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,093 </td> <td valign="bottom" style="width:00.38%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:68.90%;padding:0pt;"> 2021 </td> <td valign="bottom" style="width:04.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:25.82%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>992 </td> <td valign="bottom" style="width:00.38%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:68.90%;padding:0pt;"> 2022 and thereafter </td> <td valign="bottom" style="width:04.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:25.82%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,012 </td> <td valign="bottom" style="width:00.38%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:68.90%;padding:0pt;">   </td> <td valign="bottom" style="width:04.90%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:25.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.38%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:68.90%;padding:0pt;">   </td> <td valign="bottom" style="width:04.90%;padding:0pt;">   </td> <td valign="bottom" style="width:07.58%;padding:0pt;">   $ </td> <td valign="bottom" style="width:18.24%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,782 </td> <td valign="bottom" style="width:00.38%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:68.90%;padding:0pt;">   </td> <td valign="bottom" style="width:04.90%;padding:0pt;">   </td> <td valign="bottom" style="width:07.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.38%;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div>

<div> <div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 80.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Net sales: </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Monster Energy® Drinks(1) </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.08%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,759,862 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:03.14%;padding:0pt;">   $ </td> <td valign="bottom" style="width:11.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,518,505 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,314,492 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Strategic Brands </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>272,520 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>143,282 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Other </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,011 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60,777 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>150,375 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Corporate and unallocated </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.08%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,049,393 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:03.14%;padding:0pt;">   $ </td> <td valign="bottom" style="width:11.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,722,564 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,464,867 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:03.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Operating Income: </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Monster Energy® Drinks(1) (2) </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.08%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,148,427 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:03.14%;padding:0pt;">   $ </td> <td valign="bottom" style="width:11.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>836,053 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>904,224 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Strategic Brands </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>163,121 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>89,841 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Other(3) </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,295 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>165,233 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,560 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Corporate and unallocated </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(228,505) </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(197,474) </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(164,279) </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.08%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,085,338 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:03.14%;padding:0pt;">   $ </td> <td valign="bottom" style="width:11.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>893,653 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>747,505 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:03.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Income before tax: </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Monster Energy® Drinks(1) (2) </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.08%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,148,640 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:03.14%;padding:0pt;">   $ </td> <td valign="bottom" style="width:11.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>836,429 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>904,888 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Strategic Brands </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>163,084 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>89,825 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Other(3) </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,295 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>165,233 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,557 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Corporate and unallocated </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(234,334) </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(199,939) </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(166,657) </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.08%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,079,685 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:03.14%;padding:0pt;">   $ </td> <td valign="bottom" style="width:11.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>891,548 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>745,788 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:03.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> </table></div>   <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"></td><td valign="top" align="left" style="width: 16.00pt; display: inline;"> (1) </td><td style="width:2pt;"></td><td align="left" valign="top"> Includes $40.3 million, $62.8 million and $15.0 million for the years ended December 31, 2016, 2015 and 2014, respectively, related to the recognition of deferred revenue.</td></tr></table></div>   <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"></td><td valign="top" align="left" style="width: 16.00pt; display: inline;"> (2) </td><td style="width:2pt;"></td><td align="left" valign="top"> Includes $79.8 million, $224.0 million and ($0.2) million for the years ended December 31, 2016, 2015 and 2014, respectively, related to distributor termination costs.</td></tr></table></div>   <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"></td><td valign="top" align="left" style="width: 16.00pt; display: inline;"> (3) </td><td style="width:2pt;"></td><td align="left" valign="top"> Includes $161.5 million gain on the sale of Monster Non-Energy for the year ended December 31, 2015.</td></tr></table></div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 73.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:39.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.36%;padding:0pt;"> Depreciation and amortization </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;padding:0pt;">   </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.36%;padding:0pt;"> Monster Energy® Drinks </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:03.82%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,048 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:03.38%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,464 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:04.08%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,572 </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.36%;padding:0pt;"> Stategic Brands </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,113 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,868 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.36%;padding:0pt;"> Other </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,457 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>231 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>531 </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.36%;padding:0pt;"> Corporate and unallocated </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,227 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,297 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,548 </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:03.82%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,845 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:03.38%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,860 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:04.08%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,651 </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:03.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:03.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:04.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div>

<div> <div>   The following table summarizes information about stock options outstanding and exercisable at December 31, 2016:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td colspan="3" valign="bottom" style="width:22.58%;padding:0pt;">   </td> <td valign="bottom" style="width:02.16%;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:46.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Options Outstanding </td> <td valign="bottom" style="width:02.16%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:26.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Options Exercisable </td> </tr> <tr> <td colspan="3" valign="bottom" style="width:22.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Range of Exercise Prices ($) </td> <td valign="bottom" style="width:02.16%;padding:0pt;">   </td> <td valign="bottom" style="width:14.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Number Outstanding (In Thousands) </td> <td valign="bottom" style="width:02.16%;padding:0pt;">   </td> <td valign="bottom" style="width:14.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted Average Remaining Contractual Term (Years) </td> <td valign="bottom" style="width:02.16%;padding:0pt;">   </td> <td valign="bottom" style="width:14.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted Average Exercise Price ($) </td> <td valign="bottom" style="width:02.16%;padding:0pt;">   </td> <td valign="bottom" style="width:14.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Number Exercisable (In Thousands) </td> <td valign="bottom" style="width:02.16%;padding:0pt;">   </td> <td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted Average Exercise Price ($) </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $4.51 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $4.51 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>52 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.9 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>4.51 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>52 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>4.51 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $5.29 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $5.29 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,945 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.4 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>5.29 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,945 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>5.29 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $5.61 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $5.61 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.1 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>5.61 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>5.61 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $5.94 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $5.94 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,427 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.9 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>5.94 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,427 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>5.94 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $6.02 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $15.71 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,286 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.9 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>12.57 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,440 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>10.73 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $15.88 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $22.26 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,268 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.2 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>18.60 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,666 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>18.43 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $23.00 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $36.05 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,289 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.2 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>23.83 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,075 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>23.45 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $37.10 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $43.64 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,218 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.2 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>41.64 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>162 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>37.42 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $43.99 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $43.99 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,774 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.1 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>43.99 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;padding:0pt;"> - </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>0.00 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;"> $44.73 </td> <td valign="top" style="width:02.50%;padding:0pt;"> - </td> <td valign="top" style="width:10.06%;padding:0pt;"> $53.24 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,329 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.5 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>45.53 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>409 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>45.15 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;">   </td> <td valign="top" style="width:02.50%;padding:0pt;">   </td> <td valign="top" style="width:10.06%;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;">   </td> <td valign="top" style="width:02.50%;padding:0pt;">   </td> <td valign="top" style="width:10.06%;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,643 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.8 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>23.55 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,231 </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>11.26 </td> </tr> <tr> <td valign="top" style="width:10.00%;padding:0pt;">   </td> <td valign="top" style="width:02.50%;padding:0pt;">   </td> <td valign="top" style="width:10.06%;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:14.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:02.16%;padding:0pt;">   </td> <td valign="top" style="width:10.40%;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div>

<div> <div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 80.00%;margin-left:54pt;"> <tr> <td valign="bottom" style="width:45.08%;padding:0pt;">   </td> <td valign="bottom" style="width:03.18%;padding:0pt;">   </td> <td valign="bottom" style="width:15.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:03.14%;padding:0pt;">   </td> <td valign="bottom" style="width:15.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:03.14%;padding:0pt;">   </td> <td valign="bottom" style="width:15.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2014 </td> </tr> <tr> <td valign="top" style="width:45.08%;padding:0pt;"> Dividend yield </td> <td valign="top" style="width:03.18%;padding:0pt;">   </td> <td valign="top" style="width:15.18%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.0% </td> <td valign="top" style="width:03.14%;padding:0pt;">   </td> <td valign="top" style="width:15.14%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.0% </td> <td valign="top" style="width:03.14%;padding:0pt;">   </td> <td valign="top" style="width:15.14%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.0% </td> </tr> <tr> <td valign="top" style="width:45.08%;padding:0pt;"> Expected volatility </td> <td valign="top" style="width:03.18%;padding:0pt;">   </td> <td valign="top" style="width:15.18%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36.2% </td> <td valign="top" style="width:03.14%;padding:0pt;">   </td> <td valign="top" style="width:15.14%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37.1% </td> <td valign="top" style="width:03.14%;padding:0pt;">   </td> <td valign="top" style="width:15.14%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>41.4% </td> </tr> <tr> <td valign="top" style="width:45.08%;padding:0pt;"> Risk-free interest rate </td> <td valign="top" style="width:03.18%;padding:0pt;">   </td> <td valign="top" style="width:15.18%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.57% </td> <td valign="top" style="width:03.14%;padding:0pt;">   </td> <td valign="top" style="width:15.14%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.57% </td> <td valign="top" style="width:03.14%;padding:0pt;">   </td> <td valign="top" style="width:15.14%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.55% </td> </tr> <tr> <td valign="top" style="width:45.08%;padding:0pt;"> Expected term </td> <td valign="top" style="width:03.18%;padding:0pt;">   </td> <td valign="top" style="width:15.18%;padding:0pt;"> 6.3 Years </td> <td valign="top" style="width:03.14%;padding:0pt;">   </td> <td valign="top" style="width:15.14%;padding:0pt;"> 5.8 Years </td> <td valign="top" style="width:03.14%;padding:0pt;">   </td> <td valign="top" style="width:15.14%;padding:0pt;"> 5.8 Years </td> </tr> </table></div>   <div /></div> </div>

<div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 96.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:38.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Description </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Balance at beginning of period </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Charged to cost and expenses </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Deductions </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Balance at end of period </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:38.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td colspan="7" valign="top" style="width:68.96%;padding:0pt;"> Allowance for doubtful accounts, sales returns and cash discounts: </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:38.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:38.96%;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:03.28%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.14%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,248 </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:02.94%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,389 </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:03.46%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.96%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,516) </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.30%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,121 </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:38.96%;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:03.28%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.14%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,704 </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:02.94%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,407 </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:03.46%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.96%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,863) </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.30%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,248 </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:38.96%;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:03.28%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.14%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,926 </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:02.94%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,652 </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:03.46%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.96%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,874) </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.30%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,704 </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:38.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td colspan="7" valign="top" style="width:68.96%;padding:0pt;"> Allowance on Deferred Tax Assets and Unrecognized Tax Benefits: </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:38.96%;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:38.96%;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:03.28%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.14%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,846 </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:02.94%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,240 </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:03.46%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.96%;padding:0pt;"> -    </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.30%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,086 </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:38.96%;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:03.28%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.14%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,786 </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:02.94%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,940) </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:03.46%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.96%;padding:0pt;"> -    </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.30%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,846 </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:38.96%;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:03.28%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.14%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,130 </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:02.94%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,344) </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:03.46%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.96%;padding:0pt;"> -    </td> <td valign="bottom" style="width:02.58%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.30%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,786 </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div>

<div> <div>   18.SEGMENT INFORMATION   During the second quarter of 2016, the Company renamed and revised its reportable segments to reflect management’s current view of the business and to align its external financial reporting with its operating and internal financial model. Historical segment information has been revised to reflect the effect of this change.   The Company has three operating and reportable segments, (i) Monster Energy® Drinks segment (“Monster Energy® Drinks”), which is comprised of the Company’s Monster Energy® drinks (previously the Finished Products segment) as well as Mutant® Super Soda drinks, (ii) Strategic Brands segment (“Strategic Brands”), which include the various energy drink brands acquired from TCCC as a result of the TCCC Transaction (previously the Concentrate segment) and (iii) Other segment (“Other”), the principal products of which include the non-energy brands disposed of as a result of the TCCC Transaction as well as certain products acquired as part of the AFF Transaction that are sold to independent third-parties.   The Company’s Monster Energy® Drinks segment generates net operating revenues by selling ready-to-drink packaged drinks primarily to bottlers and full service beverage distributors. In some cases, the Company sells directly to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, food service customers and the military.   The Company’s Strategic Brands segment primarily generates net operating revenues by selling “concentrates” and/or “beverage bases” to authorized bottling and canning operations. Such bottlers generally combine the concentrates and/or beverage bases with sweeteners, water and other ingredients to produce ready-to-drink packaged energy drinks. The ready-to-drink packaged energy drinks are then sold to other bottlers, full service distributors or retailers, including, retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, food service customers, drug stores and the military. To a lesser extent, the Company’s Strategic Brands segment generates net operating revenues by selling ready-to-drink packaged energy drinks to bottlers and full service beverage distributors.   Generally, the Monster Energy® Drinks segment generates higher per case net operating revenues, but lower per case gross profit margins than the Strategic Brands segment.   Corporate and unallocated amounts that do not relate to a reportable segment have been allocated to “Corporate & Unallocated.” No asset information, other than goodwill and other intangible assets, has been provided for in the Company’s reportable segments as management does not measure or allocate such assets on a segment basis.   The net revenues derived from the Company’s reportable segments and other financial information related thereto for the years ended December 31, 2016, 2015 and 2014 are as follows:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 80.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Net sales: </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Monster Energy® Drinks(1) </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.08%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,759,862 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:03.14%;padding:0pt;">   $ </td> <td valign="bottom" style="width:11.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,518,505 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,314,492 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Strategic Brands </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>272,520 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>143,282 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Other </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,011 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60,777 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>150,375 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Corporate and unallocated </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.08%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,049,393 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:03.14%;padding:0pt;">   $ </td> <td valign="bottom" style="width:11.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,722,564 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,464,867 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:03.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Operating Income: </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Monster Energy® Drinks(1) (2) </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.08%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,148,427 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:03.14%;padding:0pt;">   $ </td> <td valign="bottom" style="width:11.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>836,053 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>904,224 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Strategic Brands </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>163,121 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>89,841 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Other(3) </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,295 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>165,233 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,560 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Corporate and unallocated </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(228,505) </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(197,474) </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(164,279) </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.08%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,085,338 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:03.14%;padding:0pt;">   $ </td> <td valign="bottom" style="width:11.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>893,653 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>747,505 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:03.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Income before tax: </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Monster Energy® Drinks(1) (2) </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.08%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,148,640 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:03.14%;padding:0pt;">   $ </td> <td valign="bottom" style="width:11.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>836,429 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>904,888 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Strategic Brands </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>163,084 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>89,825 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Other(3) </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,295 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>165,233 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,557 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;"> Corporate and unallocated </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(234,334) </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(199,939) </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(166,657) </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.08%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,079,685 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:03.14%;padding:0pt;">   $ </td> <td valign="bottom" style="width:11.86%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>891,548 </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>745,788 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:44.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:03.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.12%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> </tr> </table></div>   <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"></td><td valign="top" align="left" style="width: 16.00pt; display: inline;"> (1) </td><td style="width:2pt;"></td><td align="left" valign="top"> Includes $40.3 million, $62.8 million and $15.0 million for the years ended December 31, 2016, 2015 and 2014, respectively, related to the recognition of deferred revenue.</td></tr></table></div>   <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"></td><td valign="top" align="left" style="width: 16.00pt; display: inline;"> (2) </td><td style="width:2pt;"></td><td align="left" valign="top"> Includes $79.8 million, $224.0 million and ($0.2) million for the years ended December 31, 2016, 2015 and 2014, respectively, related to distributor termination costs.</td></tr></table></div>   <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"></td><td valign="top" align="left" style="width: 16.00pt; display: inline;"> (3) </td><td style="width:2pt;"></td><td align="left" valign="top"> Includes $161.5 million gain on the sale of Monster Non-Energy for the year ended December 31, 2015.</td></tr></table></div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 73.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:39.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.36%;padding:0pt;"> Depreciation and amortization </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;padding:0pt;">   </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.36%;padding:0pt;"> Monster Energy® Drinks </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:03.82%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,048 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:03.38%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,464 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:04.08%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,572 </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.36%;padding:0pt;"> Stategic Brands </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,113 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,868 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.36%;padding:0pt;"> Other </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,457 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>231 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>531 </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.36%;padding:0pt;"> Corporate and unallocated </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,227 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,297 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,548 </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:03.82%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.54%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,845 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:03.38%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,860 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:04.08%;padding:0pt;">   $ </td> <td valign="bottom" style="width:12.28%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,651 </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:39.36%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:03.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:03.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:04.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:12.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> </table></div>   Corporate and unallocated expenses were $228.5 million for the year ended December 31, 2016 and included $128.0 million of payroll costs, of which $45.8 million was attributable to stock-based compensation expense (see Note 14, “Stock-Based Compensation”), $66.3 million of professional service expenses, including accounting and legal costs, $6.0 million of insurance costs and $28.2 million of other operating expenses. Corporate and unallocated expenses were $197.5 million for the year ended December 31, 2015 and included $109.8 million of payroll costs, of which $32.7 million was attributable to stock-based compensation expense (see Note 14, “Stock-Based Compensation”), $60.8 million of professional service expenses, including accounting and legal costs, $7.0 million of insurance costs and $19.9 million of other operating expenses. Corporate and unallocated expenses were $164.3 million for the year ended December 31, 2014 and included $86.2 million of payroll costs, of which $28.6 million was attributable to stock-based compensation expense (see Note 14, “Stock-Based Compensation”), $43.8 million of professional service expenses, including accounting and legal costs, $7.4 million of insurance costs and $26.9 million of other operating expenses.   TCCC, through the TCCC Subsidiaries, accounted for approximately 41%, 43% and 29% of the Company’s net sales for the years ended December 31, 2016, 2015 and 2014, respectively.   Net sales to customers outside the United States amounted to $733.7 million, $580.3 million and $534.2 million for the years ended December 31, 2016, 2015 and 2014, respectively.  Such sales were approximately 24%, 21% and 22% of net sales for the years ended December 31, 2016, 2015 and 2014, respectively.   Goodwill and other intangible assets for the Company’s reportable segments as of December 31, 2016 and 2015 are as follows:     <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 66.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:55.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:55.00%;padding:0pt;"> Goodwill and other intangible assets: </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:18.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:55.00%;padding:0pt;"> Monster Energy® Drinks </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.52%;padding:0pt;">   $ </td> <td valign="bottom" style="width:14.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,334,494 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.62%;padding:0pt;">   $ </td> <td valign="bottom" style="width:14.38%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>699,346 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:55.00%;padding:0pt;"> Strategic Brands </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,001,749 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:18.00%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,008,355 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:55.00%;padding:0pt;"> Other </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,035 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:18.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:55.00%;padding:0pt;"> Corporate and unallocated </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;padding:0pt;"> - </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:18.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:55.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:17.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:55.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.52%;padding:0pt;">   $ </td> <td valign="bottom" style="width:14.48%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,364,278 </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.62%;padding:0pt;">   $ </td> <td valign="bottom" style="width:14.38%;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,707,701 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:55.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.76%;padding:0pt;">   </td> <td valign="bottom" style="width:03.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div>

28552000

4800000

23800000

28600000

32719000

6200000

26500000

32700000

45848000

8000000

37800000

45800000

P5Y

1.00

246000

36000

28.13

45.50

43.99

44.71

49.65

535000

556000

33.19

39.95

256000

31.50

P10Y

0.0000

P5Y9M18D

P6Y3M18D

0.414

0.371

0.362

0.0155

0.0157

43500000

4800000

21120151

4513449

404982000

12231000

11.26

P3Y7M6D

47100000

870100000

70600000

332000

33.65

2883000

18799813

286551

657000

42000

1510000

10.50

16.73

16.90

646497000

474739000

19770000

22643000

16.95

23.55

P5Y7M6D

P5Y9M18D

470017000

21269000

500000

22.40

P5Y7M6D

8.72

44.02

46.18

52.60

43.87

11.26

37.42

10.73

5.94

0.00

4.51

23.45

18.43

45.15

5.61

5.29

37.10

6.02

5.94

43.99

4.51

23.00

15.88

44.73

5.61

5.29

12231000

162000

1440000

3427000

52000

1075000

1666000

409000

55000

3945000

22643000

2218000

2286000

3427000

2774000

52000

2289000

2268000

3329000

55000

3945000

23.55

41.64

12.57

5.94

43.99

4.51

23.83

18.60

45.53

5.61

5.29

P5Y9M18D

P9Y2M12D

P4Y10M24D

P2Y10M24D

P9Y1M6D

P1Y10M24D

P7Y2M12D

P6Y2M12D

P8Y6M

P2Y1M6D

P1Y4M24D

43.64

15.71

5.94

43.99

4.51

36.05

22.26

53.24

5.61

5.29

618042000

-117576000

621012000

-117846000

621057000

-12357000

623201000

-56635000

92700000

87000000

83600000

744610000

220554000

992279000

-1233000

366009000

3090000

1847325000

-1222912000

1515150000

-11453000

424075000

3105000

2330510000

-1231087000

4809410000

-21878000

3989787000

3105000

1394863000

-556467000

3329709000

-23249000

4051245000

3116000

2107548000

-2808951000

102123000

2970000

22275000

2144000

1887000

3169135000

3168624000

511000

17168000

17153000

15000

49328000

49217000

111000

16452000

16441000

11000

250000000

2000000000

500000000

978000

250000

-177000

43.40

52.00

-415000

622000

1482380000

-1482587000

12357000

56635000

-270000

-18864000

5800000

-44278000

38500000

124500000

124353000

-124353000

556467000

2808951000

8175000

807967000

2252484000

<div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:26.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2016 </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Amortized Cost   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Gross Unrealized Holding Gains </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Gross Unrealized Holding Losses </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Fair Value </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Continuous Unrealized Loss Position less than 12 Months </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Continuous Unrealized Loss Position greater than 12 Months </td> <td valign="bottom" style="width:00.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Available-for-sale </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Short-term: </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Commercial paper </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,382  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.24%;padding:0pt;">   $ </td> <td valign="bottom" style="width:07.76%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.10%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:03.50%;padding:0pt;">   $ </td> <td valign="bottom" style="width:06.52%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,382  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.10%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   $ </td> <td valign="bottom" style="width:07.36%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>140,379  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>181 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>140,198  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>181 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,057  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,051  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Variable rate demand notes </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,923  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,923  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Long-term: </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,403  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,394  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>223,144  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.24%;padding:0pt;">   $ </td> <td valign="bottom" style="width:07.76%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.10%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>196 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:03.50%;padding:0pt;">   $ </td> <td valign="bottom" style="width:06.52%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>222,948  </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.10%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>196 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   $ </td> <td valign="bottom" style="width:07.36%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:03.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:06.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.00%;padding:0pt;"> December 31, 2015 </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;padding:0pt;"> Amortized Cost   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> Gross Unrealized Holding Gains </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> Gross Unrealized Holding Losses </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;padding:0pt;"> Fair Value </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> Continuous Unrealized Loss Position less than 12 Months </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> Continuous Unrealized Loss Position greater than 12 Months </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Held-to-Maturity </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Short-term: </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Commercial paper </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,978 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.24%;padding:0pt;">   $ </td> <td valign="bottom" style="width:07.76%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.10%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:03.50%;padding:0pt;">   $ </td> <td valign="bottom" style="width:06.52%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,978 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.10%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   $ </td> <td valign="bottom" style="width:07.36%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>709,207 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>63 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>192 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>709,078 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>192 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,369 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,311 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> U.S. Treasuries </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,056 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,043 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Long-term: </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,071 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,063 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,277 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,252 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>759,958 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.24%;padding:0pt;">   $ </td> <td valign="bottom" style="width:07.76%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>63 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.10%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>296 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.74%;padding:0pt;">   $ </td> <td colspan="2" valign="bottom" style="width:07.28%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>759,725 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.10%;;font-family:Times New Roman,Times,serif;font-size:8.5pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>296 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   $ </td> <td valign="bottom" style="width:07.36%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.26%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:07.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.96%;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div>

935000

471000

9000

464000

462000

100000

4406000

1220000

-8885000

2926000

24130000

1704000

19786000

27544000

1248000

17846000

27056000

1121000

26086000

2652000

-4344000

8407000

-1940000

7389000

8240000

3874000

8863000

7516000

522855000

577758000

599819000

501771000

566448000

587874000