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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The table below presents charges related to a 2012 initiative to settle pension liabilities and restructuring costs by reportable segment (also see Note 5):</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 90%" cellspacing="0" cellpadding="0" align="center"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="4">Three months ended September 30,</td> <td style="BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="4">Nine months ended September 30,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2012</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>Pension settlement</strong></td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 45%" nowrap="nowrap">Unallocated expenses</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: left; WIDTH: 6%" nowrap="nowrap"><strong> $</strong></td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 5%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>-</strong></font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: left; WIDTH: 6%" nowrap="nowrap"> $</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 5%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">-</font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: left; WIDTH: 6%" nowrap="nowrap"><strong> $</strong></td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 5%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>-</strong></font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: left; WIDTH: 6%" nowrap="nowrap">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 5%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">119,735</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>Restructuring expense</strong></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">Machine Clothing</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$2,250</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$2,739</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$26,673</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,315</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Engineered Composites</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 6</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 540</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">Unallocated expenses</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap"> (166)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Consolidated total</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$2,256</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$2,739</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$27,213</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,149</font> </td> </tr> </table> <!--EndFragment--></div> </div>
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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px"> <strong>17. Recent Accounting Pronouncements</strong></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px"> <strong> </strong></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> In February 2013, the Financial Accounting Standards Board (FASB) issued ASU 2013-02 which requires enhanced disclosures about changes in Accumulated Other Comprehensive Income. We adopted these provisions in the first quarter of 2013 by adding a Note to the Consolidated Financial Statements that provides the additional disclosures.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> In the first quarter of 2013, the Company adopted the provisions of ASU 2013-01 which requires enhanced disclosures of the effect or potential effect of netting arrangements on an entity's financial position. This includes the effect or potential effect of rights of setoff associated with an entity's recognized assets and recognized liabilities within the scope of this Update. The Company has interest rate swap agreements that are within the scope of Update and we have added additional disclosure in the Notes to Consolidated Financial Statements about the offsetting asset and liability components of that agreement.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> In July 2013, amended accounting guidance was issued regarding the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. This guidance is effective prospectively for annual and interim reporting periods beginning after December 15, 2013. The adoption of this standard is not expected to have a material effect on the Company's financial position, results of operations or cash flows.</p> <!--EndFragment--></div> </div>
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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 11pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> <font style="FONT-SIZE: 10pt"><strong><em>9. Accumulated Other Comprehensive Income</em></strong></font></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The Company adopted the provisions of Accounting Standards Update 2013-02 in the first quarter of 2013, which requires enhanced disclosures of Accumulated Other Comprehensive Income (AOCI).</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> In the third quarter of 2013, the Company modified certain provisions of its U.S. postretirement plan. The remeasurement of liabilities decreased liabilities by $14.4 million and the change in plan benefits decreased liabilities by an additional $8.0 million.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The table below presents changes in the components of AOCI for the period December 31, 2012 to September 30, 2013:</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> </p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 45%" nowrap="nowrap">(in thousands)</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 13%"> Translation adjustments</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 15%"> Pension and postretirement liability adjustments</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%"> Derivative valuation adjustment</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 16%"> Total Other Comprehensive Income</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>Balance, December 31, 2012</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>($7,659)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>($69,484)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>($2,878)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>($80,021)</strong></td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Other comprehensive income before reclassifications</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 3,998</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 538</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 2,363</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 6,899</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Postretirement plan remeasurement</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 8,794</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 8,794</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Postretirement plan change in benefits</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 4,864</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 4,864</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Interest expense related to swaps reclassified to the Statement of Operations, net of tax</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (854)</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (854)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Pension and postretirement liability adjustments reclassified to Statement of Operations, net of tax</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 1,417</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 1,417</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Net current period other comprehensive income</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">3,998</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">15,613</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">1,509</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">21,120</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <p style="FONT-SIZE: 10pt; MARGIN: 0px"><strong>Balance, September 30, 2013</strong></p> </td> <td style="BORDER-BOTTOM: black 1pt solid; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>($3,661)</strong></td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> <p style="FONT-SIZE: 10pt; MARGIN: 0px"> <strong>($53,871)</strong></p> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> <p style="FONT-SIZE: 10pt; MARGIN: 0px"> <strong>($1,369)</strong></p> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> <p style="FONT-SIZE: 10pt; MARGIN: 0px"> <strong>($58,901)</strong></p> </td> </tr> </table> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The components of our Accumulated Other Comprehensive Income that are reclassified to the Statement of Income relate to our pension and postretirement plans and interest rate swaps. The table below presents the amounts reclassified, and the line items of the Statement of Income that were affected.</p> <table style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial, Helvetica, Sans-Serif; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-TOP: black 1pt solid; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 57%"> Expense/(income)<br /> (in thousands)</td> <td style="BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 22%"> Three months ended September 30, 2013</td> <td style="BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 21%"> Nine months ended September 30, 2013</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <strong>Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income:</strong></td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Swap interest expense</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">$500 </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">$1,400 </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Income tax effect</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">195 </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">546 </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Effect on net income due to items reclassified from Accumulated Other Comprehensive Income</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">$305 </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">$854 </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <strong>Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income:</strong></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Amortization of prior service cost/(credit)</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">($974)</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">($2,791)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Amortization of transition obligation</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> 17 </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> 51 </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Amortization of net actuarial loss</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> 1,635 </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> 4,963 </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Total pretax amount reclassified</td> <td style="BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">678 </td> <td style="BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">2,223 </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Income tax effect</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> (265)</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> (806)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Effect on net income due to items reclassified from Accumulated Other Comprehensive Income</td> <td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">$413 </td> <td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">$1,417 </td> </tr> </table> <!--EndFragment--></div> </div>
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2021-12-31
2013-01-01
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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> <strong><em>2. Discontinued Operations</em></strong></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> In October 2011 we entered into a contract to sell the assets and liabilities of our Albany Door Systems (ADS) business to Assa Abloy AB for $130 million. Closing on the transaction occurred on January 11, 2012. Under the terms of the contract, Assa Abloy AB acquired our equity ownership of Albany Doors Systems GmbH in Germany, Albany Door Systems AB in Sweden, and other ADS affiliates in Germany, France, the Netherlands, Turkey, Poland, Belgium, New Zealand, and other countries, as well as the remaining ADS business assets, most of which were located in the United States, Australia, China, and Italy. In January 2012, the Company completed the sale of Albany Door Systems, and in March 2012, we finalized certain post-closing adjustments that increased the sale price by $5.0 million. As of December 31, 2012, $122 million of the total $135 million sale price had been received, with the remainder received in July 2013.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 31.5pt"> In May 2012, we announced an agreement to sell our PrimaLoft<sup>®</sup> Products business and that transaction closed on June 29, 2012. Under the terms of the agreement, the purchaser acquired all of the assets of that business, which were located in the United States, Italy and Germany. The purchase price of $38.0 million included $3.8 million held in an escrow account which is included in Accounts receivable and is expected to be received in December 2013. The Company recorded a pre-tax gain in the second quarter of 2012 of $34.9 million as result of that sale.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 31.5pt"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 31.5pt"> The Company recorded a charge of $0.6 million for pre-closing liabilities that arose during the second quarter of 2013. In the third quarter of 2012, the Company recorded various adjustments that reduced the gains on disposition by $0.3 million, and also adjusted the tax expense allocated to discontinued operations by $0.7 million.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> We have provided customary representations and warranties in the sale of both of these businesses but we do not expect any material negative financial consequence will result from these arrangements. In accordance with the applicable accounting guidance for discontinued businesses, the associated results of operations and financial position are reported separately in the accompanying Consolidated Statements of Income and Balance Sheets. Cash flows of the discontinued operation were combined with cash flows from continuing operations in the Consolidated Statements of Cash Flows.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 6pt; TEXT-INDENT: 0.5in"> The table below summarizes operating results of the discontinued operations:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 90%" cellspacing="0" cellpadding="0" align="center"> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 11pt; BORDER-TOP: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt"> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> Three months ended</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">Three months ended</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> Nine months ended</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">Nine months ended</font> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt"> <strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: center" colspan="2"><strong>September 30, 2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: center" colspan="2">September 30, 2012</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: center" colspan="2"><strong>September 30, 2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: center" colspan="2">September 30, 2012</td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 11pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt"> </td> <td style="FONT-SIZE: 11pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 11pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; WIDTH: 34%"> Net sales</td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: left; WIDTH: 7%"> <strong> $</strong></td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; WIDTH: 7%"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; WIDTH: 7%"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> $</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; WIDTH: 7%"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">-</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; WIDTH: 7%"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; WIDTH: 7%"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: left; WIDTH: 7%"> $</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; WIDTH: 7%"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">19,774</font> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt"> </td> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt"> (Loss)/Income from operations of discontinued business before tax</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: right" colspan="2"><strong> (575)</strong></td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 4,776</font> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt"> Gain on disposition of discontinued operations</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: right" colspan="2"> (301)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 92,376</font> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt"> Income tax (benefit)/expense</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: right" colspan="2"> (683)</td> <td style="BORDER-BOTTOM: black 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: right" colspan="2"><strong> (224)</strong></td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 25,570</font> </td> </tr> </table> <!--EndFragment--></div> </div>
13929000
13929000
28400000
0.28
0.73
0.15
0.30
0.28
0.72
0.15
0.30
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> <strong><em>8. Earnings Per Share</em></strong></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> Earnings per share are computed using the weighted average number of shares of Class A Common Stock and Class B Common Stock outstanding during the period. Diluted earnings per share include the effect of all potentially dilutive securities.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The amounts used in computing earnings per share and the weighted average number of shares of potentially dilutive securities are as follows:</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> </p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Three months ended September 30,</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Nine months ended September 30,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 57%" nowrap="nowrap"><strong>(in thousands, except market price data)</strong></td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 2%" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap">2012</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 1%" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap">2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Net income available to common shareholders</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$4,698</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$9,463</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$8,830</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$22,759</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>Weighted average number of shares:</strong></td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Weighted average number of shares used in</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> calculating basic net income/(loss) per share</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 31,719</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 31,363</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 31,615</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 31,340</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>Effect of dilutive stock-based compensation plans:</strong></td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Stock options</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 122</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 35</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 129</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 58</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Long-term incentive plan</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 169</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 152</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 169</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 152</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Weighted average number of shares used in</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> calculating diluted net income/(loss) per share</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 32,010</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 31,550</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 31,913</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 31,550</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Average market price of common stock used</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> for calculation of dilutive shares</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$34.43</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$19.92</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$30.53</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$21.46</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>Net income per share:</strong></td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Basic</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$0.15</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$0.30</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$0.28</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$0.73</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Diluted</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$0.15</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$0.30</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$0.28</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$0.72</font> </td> </tr> </table> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The following table presents the number of shares issued and outstanding:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 36%"> </td> <td style="BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 12%"> Class A</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 3%"> </td> <td style="BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%"> Class B</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 3%"> </td> <td style="BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 15%"> Less: Treasury</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 3%"> </td> <td style="BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 17%"> Net shares</td> </tr> <tr> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center"> Shares</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center"> Shares</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center"> Shares</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center"> Outstanding</td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> September 30, 2013</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">36,954,027</font> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">3,236,098</font> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> (8,463,635)</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">31,726,490</font> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> June 30, 2013</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">36,875,127</font> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">3,236,098</font> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> (8,463,635)</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">31,647,590</font> </td> </tr> <tr> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> September 30, 2012</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">36,629,604</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">3,236,098</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> (8,467,873)</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">31,397,829</font> </td> </tr> </table> <!--EndFragment--></div> </div>
4612000
4647000
6805000
3054000
944000
37000
420000
26000
944000
37000
420000
26000
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="TEXT-ALIGN: left; FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> <strong><em>14. Fair-Value Measurements</em></strong></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 12pt; TEXT-INDENT: 0.5in"> Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Accounting principles establish a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. The hierarchy is broken down into three general levels: Level 1 inputs are quoted prices in active markets for identical assets or liabilities; Level 2 inputs include data points that are observable, such as quoted prices for similar assets or liabilities in active markets, quoted prices for identical assets or similar assets or liabilities in markets that are not active, and inputs (other than quoted prices) such as interest rates and yield curves that are observable for the asset and liability, either directly or indirectly; Level 3 inputs are unobservable data points for the asset or liability, and include situations in which there is little, if any, market activity for the asset or liability.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The following table presents the fair-value hierarchy for our financial assets and liabilities measured at fair value on a recurring basis:</p> <p style="FONT: 11pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 27.5pt"> </p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 11pt; BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center"> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center" colspan="4"><strong>September 30, 2013</strong></td> <td style="FONT-SIZE: 11pt; BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center"> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center" colspan="4">December 31, 2012</td> </tr> <tr> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; WIDTH: 46%"> </td> <td style="FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; VERTICAL-ALIGN: bottom; WIDTH: 11%"> <strong>Quoted prices in active markets</strong></td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; WIDTH: 1%"> </td> <td style="FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; VERTICAL-ALIGN: bottom; WIDTH: 12%"> <strong>Significant other observable inputs</strong></td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; WIDTH: 2%"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; WIDTH: 1%"> </td> <td style="FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; VERTICAL-ALIGN: bottom; WIDTH: 12%"> Quoted prices in active markets</td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; WIDTH: 1%"> </td> <td style="FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; VERTICAL-ALIGN: bottom; WIDTH: 12%"> Significant other observable inputs</td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; WIDTH: 2%"> </td> </tr> <tr> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt"> <strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; VERTICAL-ALIGN: bottom"> <strong>(Level 1)</strong></td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; VERTICAL-ALIGN: bottom"> <strong>(Level 2)</strong></td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; VERTICAL-ALIGN: bottom"> (Level 1)</td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; VERTICAL-ALIGN: bottom"> (Level 2)</td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt"> </td> </tr> <tr> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> <strong>Fair Value</strong></td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> <em>Assets:</em></td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 4.5pt"> Cash equivalents</td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> $35,825</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> $ -</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> $33,171</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> $ -</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> <em>Prepaid expenses and other current assets:</em></td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt"> Foreign currency instruments</td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> <em>-</em></td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> 216</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> <em>-</em></td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> <em>-</em></td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td> <p style="MARGIN-BOTTOM: 10pt; FONT: 11pt Arial, Helvetica, Sans-Serif; MARGIN-TOP: 0px; MARGIN-RIGHT: 0px"> <em>Other assets:</em></p> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 4.5pt"> Common stock of foreign public company</td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> 848</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> -</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> 562</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> -</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 4.5pt"> Interest rate swap</td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> -</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> 1,244</td> <td style="FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; VERTICAL-ALIGN: top"> (a)</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> -</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> -</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> <em>Liabilities:</em></td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> <em>Other noncurrent liabilities:</em></td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> Interest rate swap</td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> -</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> (3,489)</td> <td style="FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; VERTICAL-ALIGN: top"> (b)</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> -</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> (4,718)</td> <td style="FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; VERTICAL-ALIGN: top"> (c)</td> </tr> <tr> <td style="FONT-SIZE: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> </tr> </table> <p style="FONT: 11pt Arial, Helvetica, Sans-Serif; MARGIN: 12pt 0px 0px 45.5pt; TEXT-INDENT: -0.5pt"> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif">(a)</font><font style="FONT: 7pt Times New Roman, Times, Serif"> </font> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif">Net of $5.3 million receivable floating leg and $4.1 million liability fixed leg</font></p> <p style="FONT: 11pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 0px 45.5pt; TEXT-INDENT: -0.5pt"> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif">(b)</font><font style="FONT: 7pt Times New Roman, Times, Serif"> </font> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif">Net of $0.8 million receivable floating leg and $4.3 million liability fixed leg</font></p> <p style="FONT: 11pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 0px 45.5pt; TEXT-INDENT: -0.5pt"> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif">(c)</font><font style="FONT: 7pt Times New Roman, Times, Serif"> </font> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif">Net of $1.2 million receivable floating leg and $5.9 million liability fixed leg</font></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> During the nine-months ended September 30, 2013, there were no transfers between levels 1, 2, and 3.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> Cash equivalents include short-term securities that are considered to be highly liquid and easily tradable. These securities are valued using inputs observable in active markets for identical securities.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The common stock of a foreign public company is traded in an active market exchange. The shares are measured at fair value using closing stock prices and are recorded in the Consolidated Balance Sheets as Other assets. The securities are classified as available for sale, and as a result any unrealized gain or loss is recorded in the Shareholders' Equity section of the Consolidated Balance Sheets rather than in the Consolidated Statements of Income. When the security is sold or impaired, gains and losses are reported on the Consolidated Statements of Income. Investments are considered to be impaired when a decline in fair value is judged to be other than temporary.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> Foreign currency instruments are entered into periodically, and consist of foreign currency option contracts and forward contracts that are valued using quoted prices in active markets obtained from independent pricing sources. These instruments are measured using market foreign exchange prices and are recorded in the Consolidated Balance Sheets as Other current assets and Accounts payable, as applicable. Changes in fair value of these instruments are recorded as gains or losses within Other (income)/expense.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> When exercised, the foreign currency instruments are net settled with the same financial institution that bought or sold them. For all positions, whether options or forward contracts, there is risk from the possible inability of the financial institution to meet the terms of the contracts and the risk of unfavorable changes in interest and currency rates, which may reduce the value of the instruments. We seek to control risk by evaluating the creditworthiness of counterparties and by monitoring the currency exchange and interest rate markets while reviewing the hedging risks and contracts to ensure compliance with our internal guidelines and policies.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> We operate our business in many regions of the world, and currency rate movements can have a significant effect on operating results.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> Changes in exchange rates can result in revaluation gains and losses that are recorded in Selling, General and Administrative expenses or Other income/expense, net. Revaluation gains and losses occur when our business units have intercompany (recorded in Other income/expense) or third-party trade receivable or payable balances (recorded in Selling, General and Administrative expenses) in a currency other than their local reporting (or functional) currency.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> Operating results can also be affected by the translation of sales and costs, for each non-U.S. subsidiary, from the local functional currency to the U.S. dollar. The translation effect on the income statement is dependent on our net income or expense position in each non-U.S. currency in which we do business. A net income position exists when sales realized in a particular currency exceed expenses paid in that currency; a net expense position exists if the opposite is true.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The interest rate swaps are accounted for as hedges of future cash flows. The fair value of our interest rate swaps are derived from a discounted cash flow analysis based on the terms of the contract and the interest rate curve, and is included in Other assets and Other noncurrent liabilities in the Consolidated Balance Sheet. Unrealized gains and losses on the swaps will flow through the caption Derivative valuation adjustment in the Shareholders' equity section of the Consolidated Balance Sheets, to the extent that the hedges are highly effective. As of September 30, 2013, these interest rate swaps were determined to be 100% effective hedges of interest rate cash flow risk. Gains and losses related to any ineffective portion of the hedges will be recognized in the current period in earnings. Amounts accumulated in Other comprehensive income are reclassified as Interest expense, net when the related interest payments (that is, the hedged forecasted transactions) affect earnings. Interest expense related to the swaps totaled $1.4 million and $1.2 million for the nine months ended September 30, 2013 and 2012, respectively.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 31.5pt"> Gains/ (losses) related to changes in fair value of derivative instruments that were recognized in Other expense/(income), net in the Statement of Income were as follows:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Three months ended September 30,</td> <td style="BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Nine months ended September 30,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 55%" nowrap="nowrap">(in thousands)</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 12%" nowrap="nowrap">2012</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%" nowrap="nowrap">2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Derivatives not designated as hedging instruments</td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> Forward exchange options</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 108</strong></font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" nowrap="nowrap"> (71)</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 108</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 47</font> </td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The following table presents the fair-value hierarchy for our financial assets and liabilities measured at fair value on a recurring basis:</p> <p style="FONT: 11pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 27.5pt"> </p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 11pt; BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center"> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center" colspan="4"><strong>September 30, 2013</strong></td> <td style="FONT-SIZE: 11pt; BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center"> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center" colspan="4">December 31, 2012</td> </tr> <tr> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; WIDTH: 46%"> </td> <td style="FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; VERTICAL-ALIGN: bottom; WIDTH: 11%"> <strong>Quoted prices in active markets</strong></td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; WIDTH: 1%"> </td> <td style="FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; VERTICAL-ALIGN: bottom; WIDTH: 12%"> <strong>Significant other observable inputs</strong></td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; WIDTH: 2%"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; WIDTH: 1%"> </td> <td style="FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; VERTICAL-ALIGN: bottom; WIDTH: 12%"> Quoted prices in active markets</td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; WIDTH: 1%"> </td> <td style="FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; VERTICAL-ALIGN: bottom; WIDTH: 12%"> Significant other observable inputs</td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; WIDTH: 2%"> </td> </tr> <tr> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt"> <strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; VERTICAL-ALIGN: bottom"> <strong>(Level 1)</strong></td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; VERTICAL-ALIGN: bottom"> <strong>(Level 2)</strong></td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; VERTICAL-ALIGN: bottom"> (Level 1)</td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; VERTICAL-ALIGN: bottom"> (Level 2)</td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt"> </td> </tr> <tr> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> <strong>Fair Value</strong></td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> <em>Assets:</em></td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 4.5pt"> Cash equivalents</td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> $35,825</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> $ -</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> $33,171</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> $ -</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> <em>Prepaid expenses and other current assets:</em></td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt"> Foreign currency instruments</td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> <em>-</em></td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> 216</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> <em>-</em></td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> <em>-</em></td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td> <p style="MARGIN-BOTTOM: 10pt; FONT: 11pt Arial, Helvetica, Sans-Serif; MARGIN-TOP: 0px; MARGIN-RIGHT: 0px"> <em>Other assets:</em></p> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: center; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 4.5pt"> Common stock of foreign public company</td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> 848</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> -</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> 562</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> -</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 4.5pt"> Interest rate swap</td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> -</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> 1,244</td> <td style="FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; VERTICAL-ALIGN: top"> (a)</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> -</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> -</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> <em>Liabilities:</em></td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> <em>Other noncurrent liabilities:</em></td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> </tr> <tr> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt"> Interest rate swap</td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> -</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> (3,489)</td> <td style="FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; VERTICAL-ALIGN: top"> (b)</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> -</td> <td style="FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; FONT-SIZE: 11pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; TEXT-ALIGN: right"> (4,718)</td> <td style="FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 1.1pt; VERTICAL-ALIGN: top"> (c)</td> </tr> <tr> <td style="FONT-SIZE: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> <td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.1pt"> </td> </tr> </table> <p style="FONT: 11pt Arial, Helvetica, Sans-Serif; MARGIN: 12pt 0px 0px 45.5pt; TEXT-INDENT: -0.5pt"> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif">(a)</font><font style="FONT: 7pt Times New Roman, Times, Serif"> </font> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif">Net of $5.3 million receivable floating leg and $4.1 million liability fixed leg</font></p> <p style="FONT: 11pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 0px 45.5pt; TEXT-INDENT: -0.5pt"> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif">(b)</font><font style="FONT: 7pt Times New Roman, Times, Serif"> </font> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif">Net of $0.8 million receivable floating leg and $4.3 million liability fixed leg</font></p> <p style="FONT: 11pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 0px 45.5pt; TEXT-INDENT: -0.5pt"> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif">(c)</font><font style="FONT: 7pt Times New Roman, Times, Serif"> </font> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif">Net of $1.2 million receivable floating leg and $5.9 million liability fixed leg</font></p> <!--EndFragment--></div> </div>
231000
29000
29000
231000
231000
38000
34000
606000
454000
204000
186000
848000
674000
216000
3763000
92376000
-301000
76522000
77950000
78000000
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> <strong><em>12. Goodwill and Other Intangible Assets</em></strong></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> Goodwill and intangible assets with indefinite useful lives are not amortized, but are tested for impairment at least annually. Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination. Our reporting units are consistent with our operating segments.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> Determining the fair value of a reporting unit requires the use of significant estimates and assumptions, including revenue growth rates, operating margins, discount rates, and future market conditions, among others. Goodwill and other long-lived assets are reviewed for impairment whenever events, such as significant changes in the business climate, plant closures, changes in product offerings, or other circumstances indicate that the carrying amount may not be recoverable.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> To determine fair value, we utilize two market-based approaches and an income approach. Under the market-based approaches, we utilize information regarding the Company as well as publicly available industry information to determine earnings multiples and sales multiples. Under the income approach, we determine fair value based on estimated future cash flows of each reporting unit, discounted by an estimated weighted-average cost of capital, which reflects the overall level of inherent risk of a reporting unit and the rate of return an outside investor would expect to earn.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> The entire balance of goodwill is attributable to the Machine Clothing business. In the second quarter of 2013 the Company applied the quantitative assessment approach in performing its annual evaluation of goodwill and concluded that no impairment provision was required. In addition, there were no amounts at risk due to the large spread between the fair and carrying values.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> We are continuing to amortize certain patents, trade names, customer contracts and technology assets that have finite lives. The changes in intangible assets and goodwill from December 31, 2012 to September 30, 2013, were as follows:</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px"> </p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>Balance at</strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" rowspan="2" colspan="2"><strong>Amortization</strong></td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>Currency</strong></font> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>Balance at</strong></td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>December 31, 2012</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap"><strong>Translation</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>September 30, 2013</strong></td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Amortized intangible assets:</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 32%" nowrap="nowrap"> AEC trade names</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 19%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$38</font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap">($4)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 7%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> $</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 7%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">-</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 20%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$34</strong></font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> AEC customer contracts</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 606</font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap"> (152)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 454</strong></font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> AEC technology</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 204</font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap"> (18)</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 186</strong></font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Total amortized intangible assets</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$848</font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap">($174)</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: left" nowrap="nowrap"> $</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">-</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$674</strong></font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> </font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> </font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> </strong></font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Unamortized intangible assets:</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Goodwill</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$76,522</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> $</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">-</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$1,428</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$77,950</strong></font> </td> </tr> </table> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 12pt 0px 10pt"> As of September 30, 2013, the balance of goodwill was $78.0 million and was completely attributable to our Machine Clothing reportable segment.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> Estimated amortization expense of intangibles for the years ending December 31, 2013 through 2017, is as follows:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 40%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 8pt; BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 15%" nowrap="nowrap"> </td> <td style="FONT-SIZE: 8pt; BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 5%" nowrap="nowrap"> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; WIDTH: 20%" nowrap="nowrap"><strong>Annual amortization</strong></td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" nowrap="nowrap"><strong>Year</strong></td> <td style="FONT-SIZE: 8pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>(in thousands)</strong></td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" nowrap="nowrap">2013</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$231</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" nowrap="nowrap">2014</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 231</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" nowrap="nowrap">2015</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 231</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" nowrap="nowrap">2016</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 29</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" nowrap="nowrap">2017</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 29</font> </td> </tr> </table> <!--EndFragment--></div> </div>
1428000
218203000
226437000
68001000
79651000
329000
200000
264000
9181000
-48823000
4698000
9081000
0.29
-1.56
0.15
0.29
0.29
-1.55
0.15
0.29
-351000
71582000
382000
-0.01
2.29
0.00
0.01
-0.01
2.27
0.00
0.01
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> <strong><em>7. Income Taxes</em></strong></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The following table presents components of income tax expense/(benefit) for the three and nine month periods ended September 30, 2013 and 2012:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Three months ended September 30,</td> <td style="BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Nine months ended September 30,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 60%" nowrap="nowrap"><strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap">2012</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap">2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Income tax based on income from continuing operations, at estimated tax rates of 41.0% and 35.4%, respectively</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$2,902</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$5,681</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$6,382</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$13,545</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Pension plan settlement</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (39,460)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Tax rate adjustment on pension plan settlement</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Provision for change in estimated tax rates</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 170</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 1,968</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Income tax before discrete items</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>3,072</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">7,649</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>6,382</strong></font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">(25,915)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Discrete tax expense/(benefit):</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Adjustments to prior period tax liabilities</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (818)</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (912)</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (734)</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (912)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Repatriation of non-US prior year earnings</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 396</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 582</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Enacted legislation change</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (269)</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (226)</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (269)</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (226)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Provision for/resolution of tax audits and contingencies, net</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 454</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 425</strong></font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (5,597)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Total income tax expense/(benefit)</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$2,381</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,965</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$6,386</strong></font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">($32,650)</td> </tr> </table> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 6pt 0px 10pt; TEXT-INDENT: 0.5in"> The third-quarter estimated effective tax rate on continuing operations was 41.0 percent in 2013, as compared to 35.4 percent for the same period in 2012. The change in the estimated effective tax rate was primarily attributable to changes in the anticipated amount and distribution of income and loss among the countries in which we operate. The 2012 third-quarter tax rate was also impacted by operating losses generated in tax jurisdictions where no tax benefit was recognized.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The Company records the residual U.S. and foreign taxes on certain amounts of current foreign earnings that have been targeted for repatriation to the U.S. As a result, such amounts are not considered to be permanently reinvested, and the Company accrued for the residual taxes on these earnings to the extent they cannot be repatriated in a tax-free manner. At September 30, 2013 the Company reported a deferred tax liability of $0.6 million on $4.4 million of non-U.S. earnings that have been targeted for future repatriation to the U.S.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> We conduct business globally and, as a result, the Company or one or more of our subsidiaries files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. In the normal course of business we are subject to examination by taxing authorities throughout the world, including major jurisdictions such as the United States, Brazil, Canada, France, Germany, Italy, Mexico, and Switzerland. Open tax years in these jurisdictions range from 2000 to 2012. We are currently under audit in the U.S. and other non-U.S. tax jurisdictions, including but not limited to Canada, Germany, and France.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> It is reasonably possible that over the next twelve months the amount of unrecognized tax benefits may change within a range of a net increase of $0.0 million to a net decrease of $3.5 million, from the reevaluation of uncertain tax positions arising in examinations, in appeals, or in the courts, or from the closure of tax statutes. Not included in the range is $23.0 million of tax benefits in Germany related to a 1999 reorganization that have been challenged by the German tax authorities in the course of an audit, of which $11.7 million would have a direct impact on our statement of income if resolved unfavorably. In 2008 the German Federal Tax Court (FTC) denied tax benefits to other taxpayers in a case involving German tax laws relevant to our reorganization. One of these cases involved a non-German party, and in the ruling in that case, the FTC acknowledged that the German law in question may be violative of European Union (EU) principles and referred the issue to the European Court of Justice (ECJ) for its determination on this issue. In September 2009, the ECJ issued an opinion in this case that is generally favorable to the other taxpayer and referred the case back to the FTC for further consideration. In May 2010 the FTC released its decision, in which it resolved certain tax issues that may be relevant to our audit and remanded the case to a lower court for further development. In 2012, the lower court decided in favor of the taxpayer and the government appealed the findings to the FTC. Although we were required to pay tax and interest of approximately $13.1 million to the German tax authorities in order to continue to pursue the position, when taking into consideration the ECJ decision, the latest FTC decision and the lower court decision, we believe that it is more likely than not that the relevant German law is violative of EU principles and accordingly we have not accrued tax expense on this matter. As we continue to monitor developments, it may become necessary for us to accrue tax expense and related interest.</p> <!--EndFragment--></div> </div>
6386000
-32650000
2381000
6965000
-806000
-265000
-546000
-195000
170000
1968000
6382000
13545000
2902000
5681000
-269000
-226000
-269000
-226000
-734000
-912000
-818000
-912000
582000
396000
425000
-5597000
454000
3924000
-4241000
4516000
-4216000
479000
6870000
-5759000
-3655000
25005000
13071000
4076000
5707000
-8978000
-762000
-4101000
1768000
-309000
-10232000
-129000
-2840000
240000
-8376000
-290000
-8505000
1824000
2242000
593000
359000
1706000
251000
-327000
-746000
848000
674000
12007000
13610000
3835000
4392000
1400000
1200000
1400000
500000
-11056000
-12610000
-3484000
-3997000
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> <strong><em>11. Inventories</em></strong></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The components of Inventories are summarized below:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 59%" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> (in thousands)</strong></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 22%"> <strong>September 30, 2013</strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 19%"> December 31, 2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Finished goods</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$45,748</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$49,235</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Work in process</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 45,958</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 44,866</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Raw material and supplies</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 27,249</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 25,082</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> <font style="COLOR: black">Total inventories</font></td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$118,955</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$119,183</font> </td> </tr> </table> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> Inventories are stated at the lower of cost or market and are valued at average cost, net of reserves. We record a provision for obsolete inventory based on the age and category of the inventories.</p> <!--EndFragment--></div> </div>
49235000
45748000
119183000
118955000
25082000
27249000
44866000
45958000
951000
1000000
351000
395000
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> <strong><em>15. Contingencies</em></strong></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> <strong>Asbestos Litigation</strong></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> Albany International Corp. is a defendant in suits brought in various courts in the United States by plaintiffs who allege that they have suffered personal injury as a result of exposure to asbestos-containing products that we previously manufactured. We produced asbestos-containing paper machine clothing synthetic dryer fabrics marketed during the period from 1967 to 1976 and used in certain paper mills. Such fabrics generally had a useful life of three to twelve months.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> We were defending 4,299 claims as of October 11, 2013.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The following table sets forth the number of claims filed, the number of claims settled, dismissed or otherwise resolved, and the aggregate settlement amount during the periods presented:</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> </p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 99%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in; WIDTH: 16%"> <em>Year ended December 31,</em></td> <td style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 16%"> <p style="TEXT-ALIGN: right; FONT: 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt 0.25in; TEXT-INDENT: -0.25in"> <em>Opening Number of Claims</em></p> <p style="TEXT-ALIGN: right; FONT: 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt 0.25in; TEXT-INDENT: -0.25in"> <em> </em></p> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in; WIDTH: 18%"> <em>Claims Dismissed, Settled, or Resolved</em></td> <td style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 14%"> <p style="TEXT-ALIGN: right; FONT: 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt 0.25in; TEXT-INDENT: -0.25in"> <em> </em></p> <p style="TEXT-ALIGN: right; FONT: 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt 0.25in; TEXT-INDENT: -0.25in"> <em>New Claims</em></p> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in; WIDTH: 13%"> <em>Closing Number of Claims</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 0.05in; TEXT-ALIGN: right; TEXT-INDENT: -0.25in; WIDTH: 22%"> <em>Amounts Paid (thousands) to Settle or Resolve</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2005</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>29,411</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>6,257</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>1,297</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>24,451</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em> $ 504</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2006</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>24,451</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>6,841</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>1,806</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>19,416</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>3,879</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2007</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>19,416</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>808</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em> 190</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>18,798</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>15</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 8pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt"> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif"><em>2008</em></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>18,798</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>523</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>110</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>18,385</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>52</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2009</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>18,385</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>9,482</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>42</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>8,945</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>88</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2010</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>8,945</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>3,963</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>188</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>5,170</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>159</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2011</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>5,170</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>789</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>65</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>4,446</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>1,111</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 8pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt"> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif"><em>2012</em></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>4,446</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>90</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>107</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>4,463</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>530</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 10.8pt; PADDING-RIGHT: 5.4pt; TEXT-INDENT: -5.4pt"> <strong><em>2013 as of<br /> October 11</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <strong><em>4,463</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <strong><em>222</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <strong><em>58</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <strong><em>4,299</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <strong><em>$ 78</em></strong></td> </tr> </table> <p style="FONT: 11pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> We anticipate that additional claims will be filed against the Company and related companies in the future, but are unable to predict the number and timing of such future claims.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> Exposure and disease information sufficient to meaningfully estimate a range of possible loss of a particular claim is typically not available until late in the discovery process, and often not until a trial date is imminent and a settlement demand has been received. For these reasons, we do not believe a meaningful estimate can be made regarding the range of possible loss with respect to pending or future claims.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> While we believe we have meritorious defenses to these claims, we have settled certain claims for amounts we consider reasonable given the facts and circumstances of each case. Our insurer, Liberty Mutual, has defended each case and funded settlements under a standard reservation of rights. As of October 11, 2013, we had resolved, by means of settlement or dismissal, 36,592 claims. The total cost of resolving all claims was $8.7 million. Of this amount, almost 100% was paid by our insurance carrier. The Company has over $125 million in confirmed insurance coverage that should be available with respect to current and future asbestos claims, as well as additional insurance coverage that we should be able to access.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> Brandon Drying Fabrics, Inc. ("Brandon"), a subsidiary of Geschmay Corp., which is a subsidiary of the Company, is also a separate defendant in many of the asbestos cases in which Albany is named as a defendant. Brandon was defending against 7,816 claims as of October 11, 2013.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The following table sets forth the number of claims filed, the number of claims settled, dismissed or otherwise resolved, and the aggregate settlement amount during the periods presented:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 99%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in; WIDTH: 15%"> <em>Year ended December 31,</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in; WIDTH: 16%"> <em>Opening Number of Claims</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in; WIDTH: 17%"> <em>Claims Dismissed, Settled, or Resolved</em></td> <td style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 13%"> <p style="TEXT-ALIGN: right; FONT: 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt 0.25in; TEXT-INDENT: -0.25in"> <em> </em></p> <p style="TEXT-ALIGN: right; FONT: 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt 0.25in; TEXT-INDENT: -0.25in"> <em>New Claims</em></p> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in; WIDTH: 15%"> <em>Closing Number of Claims</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 0.05in; TEXT-ALIGN: right; TEXT-INDENT: -0.25in; WIDTH: 23%"> <em>Amounts Paid (thousands) to Settle or Resolve</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2005</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>9,985</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>642</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>223</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>9,566</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>$ 0</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2006</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>9,566</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>1,182</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>730</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>9,114</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>0</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2007</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>9,114</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>462</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>88</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>8,740</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>0</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2008</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>8,740</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>86</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>10</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>8,664</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>0</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 8pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt"> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif"><em>2009</em></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>8,664</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>760</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>3</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>7,907</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>0</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 8pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt"> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif"><em>2010</em></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>7,907</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>47</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>9</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>7,869</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>0</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 8pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt"> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif"><em>2011</em></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>7,869</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>3</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>11</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>7,877</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>0</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 8pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt"> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif"><em>2012</em></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>7,877</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>12</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>2</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>7,867</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>0</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 10.8pt; PADDING-RIGHT: 5.4pt; TEXT-INDENT: -5.4pt"> <strong><em>2013 as of<br /> October 11</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <strong><em>7,867</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <strong><em>54</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <strong><em>3</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <strong><em>7,816</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <strong><em>$ 0</em></strong></td> </tr> </table> <p style="FONT: 11pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> We acquired Geschmay Corp., formerly known as Wangner Systems Corporation, in 1999. Brandon is a wholly owned subsidiary of Geschmay Corp. In 1978, Brandon acquired certain assets from Abney Mills ("Abney"), a South Carolina textile manufacturer. Among the assets acquired by Brandon from Abney were assets of Abney's wholly owned subsidiary, Brandon Sales, Inc. which had sold, among other things, dryer fabrics containing asbestos made by its parent, Abney. Although Brandon manufactured and sold dryer fabrics under its own name subsequent to the asset purchase, none of such fabrics contained asbestos. Because Brandon did not manufacture asbestos-containing products, and because it does not believe that it was the legal successor to, or otherwise responsible for obligations of Abney with respect to products manufactured by Abney, it believes it has strong defenses to the claims that have been asserted against it. As of October 11, 2013, Brandon has resolved, by means of settlement or dismissal, 9,787 claims for a total of $0.2 million. Brandon's insurance carriers initially agreed to pay 88.2% of the total indemnification and defense costs related to these proceedings, subject to the standard reservation of rights. The remaining 11.8% of the costs had been borne directly by Brandon. During 2004, Brandon's insurance carriers agreed to cover 100% of indemnification and defense costs, subject to policy limits and the standard reservation of rights, and to reimburse Brandon for all indemnity and defense costs paid directly by Brandon related to these proceedings.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> For the same reasons set forth above with respect to Albany's claims, as well as the fact that no amounts have been paid to resolve any Brandon claims since 2001, we do not believe a meaningful estimate can be made regarding the range of possible loss with respect to these remaining claims.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> In some of these asbestos cases, the Company is named both as a direct defendant and as the "successor in interest" to Mount Vernon Mills ("Mount Vernon"). We acquired certain assets from Mount Vernon in 1993. Certain plaintiffs allege injury caused by asbestos-containing products alleged to have been sold by Mount Vernon many years prior to this acquisition. Mount Vernon is contractually obligated to indemnify the Company against any liability arising out of such products. We deny any liability for products sold by Mount Vernon prior to the acquisition of the Mount Vernon assets. Pursuant to its contractual indemnification obligations, Mount Vernon has assumed the defense of these claims. On this basis, we have successfully moved for dismissal in a number of actions.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> Although we do not believe, based on currently available information and for the reasons stated above, that a meaningful estimate of a range of possible loss can be made with respect to such claims, based on our understanding of the insurance policies available, how settlement amounts have been allocated to various policies, our settlement experience, the absence of any judgments against the Company or Brandon, the ratio of paper mill claims to total claims filed, and the defenses available, we currently do not anticipate any material liability relating to the resolution of the aforementioned pending proceedings in excess of existing insurance limits. Consequently, we currently do not anticipate, based on currently available information, that the ultimate resolution of the aforementioned proceedings will have a material adverse effect on the financial position, results of operations, or cash flows of the Company. Although we cannot predict the number and timing of future claims, based on the foregoing factors and the trends in claims against us to date, we do not anticipate that additional claims likely to be filed against us in the future will have a material adverse effect on our financial position, results of operations, or cash flows. We are aware that litigation is inherently uncertain, especially when the outcome is dependent primarily on determinations of factual matters to be made by juries.</p> <!--EndFragment--></div> </div>
663186000
650068000
1156697000
1164285000
235788000
234907000
152000000
961000
191000
390000000
330000000
178000000
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> <strong><em>10. Accounts Receivable</em></strong></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> Accounts receivable includes trade receivables and revenue in excess of progress billings on Engineered Composites contracts accounted for under the percentage of completion method. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. The Company determines the allowance based on historical write-off experience, customer specific facts and economic conditions. If the financial condition of the Company's customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The components of Accounts receivable are summarized below:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 59%" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> (in thousands)</strong></font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 22%"> <strong>September 30, 2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 19%"> December 31, 2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Trade accounts receivable</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$150,033</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$149,737</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Revenue in excess of progress billings</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 16,868</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">17,105</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Receivables related to the sale of discontinued businesses</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 3,795</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">16,555</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Less: allowance for doubtful accounts</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (11,903)</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (11,862)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Total Accounts receivable, net</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$158,793</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$171,535</font> </td> </tr> </table> <!--EndFragment--></div> </div>
28261000
150000000
150000000
132000000
152000000
8892000
5129000
319153000
307129000
83276000
55014000
167700000
235877000
252115000
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> <strong><em>13. Financial Instruments</em></strong></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> Long-term debt consists of:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 61%"> <strong>(in thousands, except interest rates)</strong></td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 6%"> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2"><strong>September 30, 2013</strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 16%"> December 31, 2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2">Convertible notes, par value $28,437, issued in March 2006 with fixed contractual interest rates of 2.25%, due in 2026, redeemed March 2013</td> <td style="FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $</strong></font> </td> <td style="FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>-</strong></font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; VERTICAL-ALIGN: bottom" nowrap="nowrap">$28,261</td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="VERTICAL-ALIGN: bottom; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="VERTICAL-ALIGN: bottom; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2">Private placement with a fixed interest rate of 6.84%, due in 2013 through 2017</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; VERTICAL-ALIGN: bottom" colspan="2" nowrap="nowrap"><strong>150,000</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; VERTICAL-ALIGN: bottom" nowrap="nowrap">150,000</td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="VERTICAL-ALIGN: bottom; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="VERTICAL-ALIGN: bottom; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2">Credit agreement with borrowings outstanding at an end of period interest rate of 2.84% in 2013 and 3.92% in 2012, due in 2018</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; VERTICAL-ALIGN: bottom" colspan="2" nowrap="nowrap"><strong>152,000</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; VERTICAL-ALIGN: bottom" nowrap="nowrap">132,000</td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="VERTICAL-ALIGN: bottom; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="VERTICAL-ALIGN: bottom; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2">Various notes and mortgages relative to operations principally outside the United States, at an average end of period rate of 3.08% in 2013 and 3.06% in 2012, due in varying amounts through 2021</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; VERTICAL-ALIGN: bottom" colspan="2" nowrap="nowrap"><strong>5,129</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; VERTICAL-ALIGN: bottom" nowrap="nowrap">8,892</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Long-term debt</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap"><strong>307,129</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">319,153</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Less: current portion</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap"><strong>(55,014)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">(83,276)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Long-term debt, net of current portion</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap"><strong>$252,115</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">$235,877</td> </tr> </table> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 12pt 0px 0px; TEXT-INDENT: 0.5in"> A note agreement and guaranty ("Prudential Agreement") was entered into in October 2005, and was amended and restated September 17, 2010 and March 26, 2013, with the Prudential Insurance Company of America, and certain other purchasers, in an aggregate principal amount of $150 million, with interest at 6.84% and a maturity date of October 25, 2017. The Prudential Agreement provides for mandatory payments of $50 million on each of October 25, 2013 and October 25, 2015. At the noteholders' election, certain prepayments may also be required in connection with certain asset dispositions or financings. The notes may not otherwise be prepaid without a premium, under certain market conditions. The Prudential Agreement contains customary terms, as well as affirmative covenants, negative covenants, and events of default comparable to those in our current principal credit facility (as described below). For disclosure purposes, we are required to measure the fair value of outstanding debt on a recurring basis. As of September 30, 2013, the fair value of the Prudential Agreement was approximately $167.7 million, which was measured using active market interest rates, which would be considered Level 2 for fair value measurement purposes.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> On March 26, 2013, we entered into a $330 million, unsecured Five-Year Revolving Credit Facility Agreement ("Credit Agreement"), under which $152 million of borrowings were outstanding as of September 30, 2013. The Credit Agreement replaces the previous $390 million five-year Credit agreement made in 2010. The applicable interest rate for borrowings under the Credit Agreement, as well as under the former agreement, is LIBOR plus a spread, based on our leverage ratio at the time of borrowing. At the time of the last borrowing on September 23, 2013, the spread was 1.375%. The spread is based on a pricing grid, which ranges from 1.25% to 1.875%, based on our leverage ratio.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> Our ability to borrow additional amounts under the Credit Agreement is conditional upon the absence of any defaults, as well as the absence of any material adverse change. Based on our maximum leverage ratio and our consolidated EBITDA (as defined in the Credit Agreement), and without modification to any other credit agreements, as of September 30, 2013 we would have been able to borrow an additional $178 million under the Credit Agreement.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> On July 16, 2010, we entered into interest rate hedging transactions that have the effect of fixing the LIBOR portion of the effective interest rate (before addition of the spread) on $105 million of the indebtedness drawn under the Credit Agreement at the rate of 2.04% for five years. Under the terms of these transactions, we pay the fixed rate of 2.04% and the counterparties pay a floating rate based on the three-month LIBOR rate at each quarterly calculation date, which on July 16, 2013 was 0.27%. The net effect is to fix the effective interest rate on $105 million of indebtedness at 2.04%, plus the applicable spread, until these swap agreements expire on July 16, 2015. As of September 30, 2013, the all-in rate on the $105 million of debt was 3.415%.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> On May 20, 2013, we entered into interest rate hedging transactions for the period July 16, 2015 through March 16, 2018. These transactions have the effect of fixing the LIBOR portion of the effective interest rate (before addition of the spread) on $110 million of the indebtedness drawn under the Credit Agreement at the rate of 1.414% during this period. Under the terms of these transactions, we pay the fixed rate of 1.414% and the counterparties pay a floating rate based on the one-month LIBOR rate at each monthly calculation date, which on September 30, 2013 was 0.18%. The net effect is to fix the effective interest rate on $110 million of indebtedness at 1.414%, plus the applicable spread, during the swap period.</p> <p style="FONT: 11pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> The interest rate swaps are accounted for as a hedge of future cash flows, as further described in Note 14 of the Notes to Consolidated Financial Statements. No cash collateral was received or pledged in relation to the swap agreements.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> Under the Credit Agreement and Prudential Agreement, we are currently required to maintain a leverage ratio (as defined in the agreements) of not greater than 3.50 to 1.00 and minimum interest coverage (as defined) of 3.00 to 1.00.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> As of September 30, 2013, our leverage ratio was 1.77 to 1.00 and our interest coverage ratio was 8.30 to 1.00. We may purchase our Common Stock or pay dividends to the extent our leverage ratio remains at or below 3.50 to 1.00, and may make acquisitions with cash provided our leverage ratio would not exceed 3.50 to 1.00 after giving pro forma effect to the acquisition.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> On March 15, 2013, the Company redeemed, at 100 percent of par, all remaining 2.25% Convertible Senior Notes due 2026 (the "Notes"). The cash payments of $28.4 million were funded by increased borrowings under the Credit agreement.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> In connection with the original sale of the Notes in 2006, we entered into hedge and warrant transactions with respect to our Class A common stock. These transactions were intended to reduce the potential dilution upon conversion of the Notes by providing us with the option, subject to certain exceptions, to acquire shares in an amount equal to the number of shares that we would be required to deliver upon conversion of the Notes. These transactions had the economic effect to the Company of increasing the conversion price of the Notes to $52.25 per share. These transactions had a net cost of $14.7 million. The hedge transactions expired on March 15, 2013 and all warrants were expired by September 10, 2013.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> Indebtedness under each of the Prudential Agreement and the Credit Agreement is ranked equally in right of payment to all unsecured senior debt.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> We were in compliance with all debt covenants as of September 30, 2013.</p> <!--EndFragment--></div> </div>
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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> <strong><em>1. Basis of Presentation</em></strong></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments, consisting of only normal recurring adjustments and elimination of intercompany transactions necessary for a fair presentation of results for such periods. Albany International Corp. consolidates the financial results of its subsidiaries for all periods presented. The results for any interim period are not necessarily indicative of results for the full year. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with "Risk Factors," " Legal Proceedings," "Management's Discussion and Analysis of Financial Condition and Results of Operation," "Quantitative and Qualitative Disclosures about Market Risk" and the Consolidated Financial Statements and Notes thereto included in Items 1A, 3, 7, 7A and 8, respectively, of the Albany International Corp. Annual Report on Form 10-K for the fiscal year ended December 31, 2012.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The preparation of financial statements in accordance with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the amounts reported in Albany International Corp.'s Consolidated Financial Statements and accompanying Notes. Actual results could differ materially from those estimates.</p> <!--EndFragment--></div> </div>
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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> <strong><em>6. Other Expense/(Income), net</em></strong></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The components of Other expense/(income), net, are:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Three months ended September 30,</td> <td style="BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Nine months ended September 30,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 58%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black"><strong>(in thousands)</strong></font></font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap">2012</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%" nowrap="nowrap">2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black">Currency transactions</font></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$1,975</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$2,174</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$3,879</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$2,873</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Bank fees and amortization of debt issuance costs</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 203</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 605</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 1,201</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 1,814</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Letter of credit fees</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 191</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 961</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Organizational costs related to Albany Safran Composites</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 500</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 500</strong></font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black">Other</font></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 14</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 99</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 57</strong></font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (586)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black">Total</font></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$2,692</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$3,069</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$5,637</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$5,062</font> </td> </tr> </table> <!--EndFragment--></div> </div>
136012000
110048000
-57000
586000
-14000
-99000
-5637000
-5062000
-2692000
-3069000
-5637000
-5062000
-2692000
-3069000
118350000
16555000
3795000
5529000
6395000
1639000
9170000
12528000
4747000
4390000
46186000
25237000
18378000
11047000
1376000
154000
728000
146000
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> <strong><em>4. Pensions and Other Postretirement Benefit Plans</em></strong></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> <em>Pension Plans</em></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The Company has defined benefit pension plans covering certain U.S. and non-U.S. employees. The U.S. qualified defined benefit pension plan has been closed to new participants since October 1998 and, as of February 2009, benefits accrued under this plan were frozen. As a result of the freeze, employees covered by the pension plan will receive, at retirement, benefits already accrued through February 2009, but no new benefits accrue after that date. Benefit accruals under the U.S. Supplemental Executive Retirement Plan ("SERP") were similarly frozen. The eligibility, benefit formulas, and contribution requirements for plans outside of the U.S. vary by location.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> <em>Other Postretirement Benefits</em></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> In addition to providing pension benefits, the Company provides various medical, dental, and life insurance benefits for certain retired United States employees. U.S. employees hired prior to 2005 may become eligible for medical and dental benefits if they reach normal retirement age while working for the Company. Benefits provided under this plan are subject to change. Retirees share in the cost of these benefits. Effective January 2005, any new employees who wish to be covered under this plan will be responsible for the full cost of such benefits. In 2008, we changed the cost sharing arrangement under this program such that increases in health care costs are the responsibility of plan participants.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> In the third quarter of 2013, we reduced the U.S. postretirement life insurance benefit for retirees and eliminated that benefit for active employees, which resulted in a reduction to plan liabilities of $8.0 million, and expense for the third quarter of 2013 was reduced by $0.2 million. Prior to calculating the effect of this benefit change, we remeasured the plan liabilities. Compared to the actuarial assumptions used for calculating liabilities at December 31, 2012, we increased the discount rate from 3.93 percent to 4.85 percent and updated our participant data to reflect reduced participation. These changes reduced plan liabilities by $14.4 million.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The Company also provides certain postretirement life insurance benefits to retired employees in Canada. The Company accrues the cost of providing postretirement benefits during the active service period of the employees. The Company currently funds the plan as claims are paid.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The composition of the net periodic benefit plan cost for the nine months ended September 30, 2013 and 2012 was as follows:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Pension plans</td> <td style="BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Other postretirement benefits</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 43%"> (in thousands)</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 14%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 14%" nowrap="nowrap">2012</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 1%" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 14%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 14%" nowrap="nowrap">2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Components of net periodic benefit cost:</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Service cost</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$2,526</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$54</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$789</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$804</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Interest cost</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 5,999</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 9,824</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 2,374</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 2,766</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Expected return on assets</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (6,103)</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (9,436)</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Amortization of prior service cost/(credit)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 27</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 339</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (2,818)</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (2,751)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Amortization of transition obligation</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 51</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 59</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Amortization of net actuarial loss</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 2,357</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 3,774</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 2,606</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 2,412</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Settlement</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 315</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 119,735</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Net periodic benefit cost</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$5,172</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$124,349</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$2,951</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$3,231</font> </td> </tr> </table> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 6pt 0px 0px; TEXT-INDENT: 0.5in"> In the first quarter of 2012, the Company announced a plan to significantly reduce its pension plan liabilities by settling certain pension obligations leading to settlement charges totaling $119.7 million, which was recorded in the first two quarters of 2012. Expense for the three and nine month periods ended September 30, 2013 includes a settlement charge of $0.3 million.</p> <!--EndFragment--></div> </div>
5.00
5.00
2000000
2000000
0
0
500000
500000
10435000
12019000
122000000
13000000
150654000
13000000
57176000
45164000
5271000
7000000
6268000
4629000
1079000
1661000
811000
420154000
416446000
17105000
16868000
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The components of our Accumulated Other Comprehensive Income that are reclassified to the Statement of Income relate to our pension and postretirement plans and interest rate swaps. The table below presents the amounts reclassified, and the line items of the Statement of Income that were affected.</p> <table style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial, Helvetica, Sans-Serif; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-TOP: black 1pt solid; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 57%"> Expense/(income)<br /> (in thousands)</td> <td style="BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 22%"> Three months ended September 30, 2013</td> <td style="BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 21%"> Nine months ended September 30, 2013</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <strong>Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income:</strong></td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Swap interest expense</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">$500 </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">$1,400 </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Income tax effect</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">195 </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">546 </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Effect on net income due to items reclassified from Accumulated Other Comprehensive Income</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">$305 </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">$854 </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <strong>Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income:</strong></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Amortization of prior service cost/(credit)</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">($974)</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">($2,791)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Amortization of transition obligation</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> 17 </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> 51 </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Amortization of net actuarial loss</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> 1,635 </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> 4,963 </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Total pretax amount reclassified</td> <td style="BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">678 </td> <td style="BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">2,223 </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Income tax effect</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> (265)</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> (806)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Effect on net income due to items reclassified from Accumulated Other Comprehensive Income</td> <td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">$413 </td> <td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">$1,417 </td> </tr> </table> <!--EndFragment--></div> </div>
69221000
98354000
18562000
29131000
3800000
-887000
1795000
287000
392000
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> <strong><em>5. Restructuring</em></strong></p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> During the second quarter of 2013, the Company completed consultations with employee works councils regarding a plan to restructure operations at the Company's Machine Clothing production facilities in Sélestat and St. Junien, France, leading to restructuring charges, primarily for severance and social costs, of $2.0 million for the third quarter and $26.3 million for the nine months ending September 30, 2013. The restructuring program was driven by the Company's need to balance manufacturing capacity and demand, and will result in the reduction of approximately 200 employees, about half of which will leave the Company during the fourth quarter of 2013. Under the terms of the restructuring plan, the Company will also provide training, outplacement and other programs. The costs for those benefits will be recorded as restructuring when they are incurred. The Company expects to record curtailment gains in future quarters related to the elimination of pension accruals. The curtailment gain will be recorded as employees terminate and, accordingly, most of the gain is expected to be recorded in the fourth quarter of 2013, with the balance to be recorded in 2014. The remaining costs for this program, net of the curtailment gain, are expected to be between $4.0 and $6.0 million, and are expected to be recorded over the next several quarters. Whereas most of the affected employees were involved in the production process, the full effect of cost savings associated with the restructuring will not be fully realized until 2014.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> Through the first nine months of 2013, the Company incurred some restructuring costs in the Engineered Composites segment that were related to organizational changes and exiting certain aerospace programs.</p> <p style="FONT: 11pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> 2012 restructuring expenses were principally due to a reduction in workforce in Sweden and curtailment of manufacturing in New York and Wisconsin, driven by lower demand for paper machine clothing. Those costs were partially offset by a reduction in accruals related to the Company's headquarters.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The following table summarizes charges reported in the Statements of Income under "Restructuring and other":</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Three months ended September 30,</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Nine months ended September 30,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 52%" nowrap="nowrap"><strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 13%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%" nowrap="nowrap">2012</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 2%"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%" nowrap="nowrap">2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> Machine Clothing</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$2,250</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$2,739</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$26,673</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,315</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black">Engineered Composites</font></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 6</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 540</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Unallocated expenses</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (166)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black">Total</font></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$2,256</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$2,739</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$27,213</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,149</font> </td> </tr> </table> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> </p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>Nine months ended September 30, 2013<br /> <br /> (in thousands)</strong></td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>Total <font style="COLOR: black">restructuring costs incurred</font></strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> <font style="COLOR: black">Termination and other costs</font></strong></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2"><strong>Impairment of plant and equipment</strong></td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> <font style="COLOR: black">Benefit plan curtailment/ settlement</font></strong></font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 42%" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> Machine Clothing</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 16%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$26,673</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 13%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$26,837</font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: left; WIDTH: 7%" nowrap="nowrap"> $</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 7%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">-</font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; WIDTH: 15%" nowrap="nowrap">($164)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black">Engineered Composites</font></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 540</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 452</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 88</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Unallocated expenses</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black">Total</font></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$27,213</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$27,289</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$88</font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">($164)</td> </tr> </table> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> </p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <strong>Nine months ended September 30, 2012<br /> <br /> (in thousands)</strong></td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>Total <font style="COLOR: black">restructuring costs incurred</font></strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> <font style="COLOR: black">Termination and other costs</font></strong></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2"><strong>Impairment of plant and equipment</strong></td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> <font style="COLOR: black">Benefit plan curtailment/ settlement</font></strong></font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 43%" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> Machine Clothing</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 15%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,315</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 14%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,315</font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: left; WIDTH: 7%" nowrap="nowrap"> $</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 7%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">-</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 7%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> $</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 7%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">-</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black">Engineered Composites</font></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Unallocated expenses</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (166)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 380</font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap"> (546)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black">Total</font></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,149</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,695</font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap">($546)</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> $</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">-</font> </td> </tr> </table> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> We expect that substantially all accruals for restructuring liabilities will be paid within one year. The table below presents year-to-date changes in restructuring liabilities for 2013 and 2012 all of which related to termination costs:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 34%" nowrap="nowrap"><strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 12%"> <strong>December 31, 2012</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 15%"> <strong>Restructuring charges accrued</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%" nowrap="nowrap"><strong>Payments</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 16%"> <strong>Currency translation/other</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 12%"> <strong>September 30, 2013</strong></td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Total</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$4,947</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$25,860</font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">($5,529)</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$609</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$25,887</font> </td> </tr> </table> <p style="FONT: 11pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> </p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 34%" nowrap="nowrap"><strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 13%"> <strong>December 31, 2011</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 15%"> <strong>Restructuring charges accrued</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%"> <strong>Payments</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 16%"> <strong>Currency translation/other</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 12%"> <strong>September 30, 2012</strong></td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Total</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,979</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,579</font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">($6,395)</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$7,169</font> </td> </tr> </table> <!--EndFragment--></div> </div>
4000000
6000000
200
25860000
6579000
27213000
6149000
2256000
2739000
26673000
6315000
2250000
2739000
540000
6000
-166000
26837000
6315000
452000
88000
380000
-546000
27289000
6695000
88000
-546000
-164000
-164000
6979000
4947000
25887000
7169000
609000
6000
435775000
430676000
567775000
566606000
183147000
194589000
507809000
518881000
162864000
177471000
59966000
47725000
20283000
17118000
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The components of Accounts receivable are summarized below:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 59%" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> (in thousands)</strong></font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 22%"> <strong>September 30, 2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 19%"> December 31, 2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Trade accounts receivable</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$150,033</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$149,737</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Revenue in excess of progress billings</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 16,868</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">17,105</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Receivables related to the sale of discontinued businesses</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 3,795</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">16,555</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Less: allowance for doubtful accounts</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (11,903)</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (11,862)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Total Accounts receivable, net</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$158,793</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$171,535</font> </td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The table below presents changes in the components of AOCI for the period December 31, 2012 to September 30, 2013:</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> </p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 45%" nowrap="nowrap">(in thousands)</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 13%"> Translation adjustments</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 15%"> Pension and postretirement liability adjustments</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%"> Derivative valuation adjustment</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 16%"> Total Other Comprehensive Income</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>Balance, December 31, 2012</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>($7,659)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>($69,484)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>($2,878)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>($80,021)</strong></td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Other comprehensive income before reclassifications</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 3,998</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 538</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 2,363</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 6,899</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Postretirement plan remeasurement</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 8,794</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 8,794</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Postretirement plan change in benefits</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 4,864</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 4,864</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Interest expense related to swaps reclassified to the Statement of Operations, net of tax</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (854)</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (854)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Pension and postretirement liability adjustments reclassified to Statement of Operations, net of tax</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 1,417</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 1,417</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Net current period other comprehensive income</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">3,998</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">15,613</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">1,509</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">21,120</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <p style="FONT-SIZE: 10pt; MARGIN: 0px"><strong>Balance, September 30, 2013</strong></p> </td> <td style="BORDER-BOTTOM: black 1pt solid; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>($3,661)</strong></td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> <p style="FONT-SIZE: 10pt; MARGIN: 0px"> <strong>($53,871)</strong></p> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> <p style="FONT-SIZE: 10pt; MARGIN: 0px"> <strong>($1,369)</strong></p> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> <p style="FONT-SIZE: 10pt; MARGIN: 0px"> <strong>($58,901)</strong></p> </td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The following table presents components of income tax expense/(benefit) for the three and nine month periods ended September 30, 2013 and 2012:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Three months ended September 30,</td> <td style="BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Nine months ended September 30,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 60%" nowrap="nowrap"><strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap">2012</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap">2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Income tax based on income from continuing operations, at estimated tax rates of 41.0% and 35.4%, respectively</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$2,902</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$5,681</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$6,382</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$13,545</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Pension plan settlement</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (39,460)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Tax rate adjustment on pension plan settlement</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Provision for change in estimated tax rates</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 170</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 1,968</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Income tax before discrete items</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>3,072</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">7,649</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>6,382</strong></font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">(25,915)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Discrete tax expense/(benefit):</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Adjustments to prior period tax liabilities</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (818)</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (912)</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (734)</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (912)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Repatriation of non-US prior year earnings</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 396</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 582</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Enacted legislation change</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (269)</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (226)</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (269)</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (226)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Provision for/resolution of tax audits and contingencies, net</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 454</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 425</strong></font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (5,597)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Total income tax expense/(benefit)</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$2,381</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,965</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$6,386</strong></font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">($32,650)</td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> Long-term debt consists of:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 61%"> <strong>(in thousands, except interest rates)</strong></td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 6%"> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2"><strong>September 30, 2013</strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 16%"> December 31, 2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2">Convertible notes, par value $28,437, issued in March 2006 with fixed contractual interest rates of 2.25%, due in 2026, redeemed March 2013</td> <td style="FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $</strong></font> </td> <td style="FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>-</strong></font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; VERTICAL-ALIGN: bottom" nowrap="nowrap">$28,261</td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="VERTICAL-ALIGN: bottom; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="VERTICAL-ALIGN: bottom; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2">Private placement with a fixed interest rate of 6.84%, due in 2013 through 2017</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; VERTICAL-ALIGN: bottom" colspan="2" nowrap="nowrap"><strong>150,000</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; VERTICAL-ALIGN: bottom" nowrap="nowrap">150,000</td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="VERTICAL-ALIGN: bottom; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="VERTICAL-ALIGN: bottom; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2">Credit agreement with borrowings outstanding at an end of period interest rate of 2.84% in 2013 and 3.92% in 2012, due in 2018</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; VERTICAL-ALIGN: bottom" colspan="2" nowrap="nowrap"><strong>152,000</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; VERTICAL-ALIGN: bottom" nowrap="nowrap">132,000</td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="VERTICAL-ALIGN: bottom; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="VERTICAL-ALIGN: bottom; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2">Various notes and mortgages relative to operations principally outside the United States, at an average end of period rate of 3.08% in 2013 and 3.06% in 2012, due in varying amounts through 2021</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; VERTICAL-ALIGN: bottom" colspan="2" nowrap="nowrap"><strong>5,129</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; VERTICAL-ALIGN: bottom" nowrap="nowrap">8,892</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Long-term debt</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap"><strong>307,129</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">319,153</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Less: current portion</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap"><strong>(55,014)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">(83,276)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Long-term debt, net of current portion</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap"><strong>$252,115</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">$235,877</td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 31.5pt"> Gains/ (losses) related to changes in fair value of derivative instruments that were recognized in Other expense/(income), net in the Statement of Income were as follows:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Three months ended September 30,</td> <td style="BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Nine months ended September 30,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 55%" nowrap="nowrap">(in thousands)</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 12%" nowrap="nowrap">2012</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%" nowrap="nowrap">2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Derivatives not designated as hedging instruments</td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> Forward exchange options</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 108</strong></font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" nowrap="nowrap"> (71)</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 108</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 47</font> </td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 6pt; TEXT-INDENT: 0.5in"> The table below summarizes operating results of the discontinued operations:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 90%" cellspacing="0" cellpadding="0" align="center"> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 11pt; BORDER-TOP: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt"> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> Three months ended</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">Three months ended</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> Nine months ended</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">Nine months ended</font> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt"> <strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: center" colspan="2"><strong>September 30, 2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: center" colspan="2">September 30, 2012</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: center" colspan="2"><strong>September 30, 2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: center" colspan="2">September 30, 2012</td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 11pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt"> </td> <td style="FONT-SIZE: 11pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 11pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; WIDTH: 34%"> Net sales</td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: left; WIDTH: 7%"> <strong> $</strong></td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; WIDTH: 7%"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; WIDTH: 7%"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> $</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; WIDTH: 7%"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">-</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; WIDTH: 7%"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; WIDTH: 7%"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: left; WIDTH: 7%"> $</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; WIDTH: 7%"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">19,774</font> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt"> </td> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt"> (Loss)/Income from operations of discontinued business before tax</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: right" colspan="2"><strong> (575)</strong></td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 4,776</font> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt"> Gain on disposition of discontinued operations</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: right" colspan="2"> (301)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 92,376</font> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"> </td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt"> Income tax (benefit)/expense</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: right" colspan="2"> (683)</td> <td style="BORDER-BOTTOM: black 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt; TEXT-ALIGN: right" colspan="2"><strong> (224)</strong></td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" colspan="2"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 25,570</font> </td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The amounts used in computing earnings per share and the weighted average number of shares of potentially dilutive securities are as follows:</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> </p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Three months ended September 30,</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Nine months ended September 30,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 57%" nowrap="nowrap"><strong>(in thousands, except market price data)</strong></td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 2%" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap">2012</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 1%" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap">2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Net income available to common shareholders</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$4,698</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$9,463</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$8,830</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$22,759</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>Weighted average number of shares:</strong></td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Weighted average number of shares used in</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> calculating basic net income/(loss) per share</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 31,719</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 31,363</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 31,615</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 31,340</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>Effect of dilutive stock-based compensation plans:</strong></td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Stock options</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 122</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 35</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 129</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 58</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Long-term incentive plan</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 169</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 152</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 169</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 152</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Weighted average number of shares used in</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> calculating diluted net income/(loss) per share</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 32,010</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 31,550</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 31,913</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 31,550</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Average market price of common stock used</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> for calculation of dilutive shares</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$34.43</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$19.92</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$30.53</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$21.46</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>Net income per share:</strong></td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Basic</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$0.15</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$0.30</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$0.28</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$0.73</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Diluted</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$0.15</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$0.30</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$0.28</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$0.72</font> </td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> Estimated amortization expense of intangibles for the years ending December 31, 2013 through 2017, is as follows:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 40%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 8pt; BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 15%" nowrap="nowrap"> </td> <td style="FONT-SIZE: 8pt; BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 5%" nowrap="nowrap"> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; WIDTH: 20%" nowrap="nowrap"><strong>Annual amortization</strong></td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" nowrap="nowrap"><strong>Year</strong></td> <td style="FONT-SIZE: 8pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>(in thousands)</strong></td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" nowrap="nowrap">2013</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$231</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" nowrap="nowrap">2014</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 231</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" nowrap="nowrap">2015</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 231</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" nowrap="nowrap">2016</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 29</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" nowrap="nowrap">2017</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 29</font> </td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> We are continuing to amortize certain patents, trade names, customer contracts and technology assets that have finite lives. The changes in intangible assets and goodwill from December 31, 2012 to September 30, 2013, were as follows:</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px"> </p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>Balance at</strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" rowspan="2" colspan="2"><strong>Amortization</strong></td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>Currency</strong></font> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>Balance at</strong></td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>December 31, 2012</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap"><strong>Translation</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong>September 30, 2013</strong></td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Amortized intangible assets:</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 32%" nowrap="nowrap"> AEC trade names</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 19%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$38</font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap">($4)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 7%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> $</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 7%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">-</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 20%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$34</strong></font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> AEC customer contracts</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 606</font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap"> (152)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 454</strong></font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> AEC technology</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 204</font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap"> (18)</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 186</strong></font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Total amortized intangible assets</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$848</font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap">($174)</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: left" nowrap="nowrap"> $</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">-</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$674</strong></font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> </font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> </font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> </strong></font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Unamortized intangible assets:</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Goodwill</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$76,522</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> $</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">-</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$1,428</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$77,950</strong></font> </td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The components of Inventories are summarized below:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 59%" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> (in thousands)</strong></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 22%"> <strong>September 30, 2013</strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 19%"> December 31, 2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Finished goods</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$45,748</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$49,235</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Work in process</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 45,958</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 44,866</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Raw material and supplies</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 27,249</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 25,082</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> <font style="COLOR: black">Total inventories</font></td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$118,955</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$119,183</font> </td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The following table sets forth the number of claims filed, the number of claims settled, dismissed or otherwise resolved, and the aggregate settlement amount during the periods presented:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 99%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in; WIDTH: 15%"> <em>Year ended December 31,</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in; WIDTH: 16%"> <em>Opening Number of Claims</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in; WIDTH: 17%"> <em>Claims Dismissed, Settled, or Resolved</em></td> <td style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 13%"> <p style="TEXT-ALIGN: right; FONT: 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt 0.25in; TEXT-INDENT: -0.25in"> <em> </em></p> <p style="TEXT-ALIGN: right; FONT: 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt 0.25in; TEXT-INDENT: -0.25in"> <em>New Claims</em></p> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in; WIDTH: 15%"> <em>Closing Number of Claims</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 0.05in; TEXT-ALIGN: right; TEXT-INDENT: -0.25in; WIDTH: 23%"> <em>Amounts Paid (thousands) to Settle or Resolve</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2005</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>9,985</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>642</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>223</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>9,566</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>$ 0</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2006</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>9,566</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>1,182</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>730</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>9,114</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>0</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2007</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>9,114</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>462</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>88</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>8,740</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>0</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2008</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>8,740</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>86</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>10</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>8,664</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>0</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 8pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt"> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif"><em>2009</em></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>8,664</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>760</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>3</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>7,907</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>0</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 8pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt"> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif"><em>2010</em></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>7,907</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>47</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>9</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>7,869</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>0</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 8pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt"> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif"><em>2011</em></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>7,869</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>3</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>11</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>7,877</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>0</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 8pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt"> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif"><em>2012</em></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>7,877</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>12</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>2</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>7,867</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>0</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 10.8pt; PADDING-RIGHT: 5.4pt; TEXT-INDENT: -5.4pt"> <strong><em>2013 as of<br /> October 11</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <strong><em>7,867</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <strong><em>54</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <strong><em>3</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <strong><em>7,816</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <strong><em>$ 0</em></strong></td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The following table sets forth the number of claims filed, the number of claims settled, dismissed or otherwise resolved, and the aggregate settlement amount during the periods presented:</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> </p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 99%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in; WIDTH: 16%"> <em>Year ended December 31,</em></td> <td style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 16%"> <p style="TEXT-ALIGN: right; FONT: 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt 0.25in; TEXT-INDENT: -0.25in"> <em>Opening Number of Claims</em></p> <p style="TEXT-ALIGN: right; FONT: 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt 0.25in; TEXT-INDENT: -0.25in"> <em> </em></p> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in; WIDTH: 18%"> <em>Claims Dismissed, Settled, or Resolved</em></td> <td style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 14%"> <p style="TEXT-ALIGN: right; FONT: 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt 0.25in; TEXT-INDENT: -0.25in"> <em> </em></p> <p style="TEXT-ALIGN: right; FONT: 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt 0.25in; TEXT-INDENT: -0.25in"> <em>New Claims</em></p> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in; WIDTH: 13%"> <em>Closing Number of Claims</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 0.05in; TEXT-ALIGN: right; TEXT-INDENT: -0.25in; WIDTH: 22%"> <em>Amounts Paid (thousands) to Settle or Resolve</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2005</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>29,411</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>6,257</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>1,297</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>24,451</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em> $ 504</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2006</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>24,451</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>6,841</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>1,806</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>19,416</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>3,879</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2007</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>19,416</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>808</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em> 190</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>18,798</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>15</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 8pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt"> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif"><em>2008</em></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>18,798</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>523</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>110</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>18,385</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>52</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2009</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>18,385</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>9,482</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>42</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>8,945</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>88</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2010</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>8,945</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>3,963</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>188</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>5,170</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>159</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <em>2011</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>5,170</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>789</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>65</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>4,446</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>1,111</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="FONT-SIZE: 8pt; BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 10pt; PADDING-LEFT: 5.4pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 5.4pt"> <font style="FONT: 8pt Arial, Helvetica, Sans-Serif"><em>2012</em></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>4,446</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>90</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>107</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <em>4,463</em></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <em>530</em></td> </tr> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 8pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 8pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 10.8pt; PADDING-RIGHT: 5.4pt; TEXT-INDENT: -5.4pt"> <strong><em>2013 as of<br /> October 11</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <strong><em>4,463</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <strong><em>222</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <strong><em>58</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-LEFT: 0.25in; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; TEXT-INDENT: -0.25in"> <strong><em>4,299</em></strong></td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid; FONT: 12pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 12pt; PADDING-BOTTOM: 10pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <strong><em>$ 78</em></strong></td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The composition of the net periodic benefit plan cost for the nine months ended September 30, 2013 and 2012 was as follows:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Pension plans</td> <td style="BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Other postretirement benefits</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 43%"> (in thousands)</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 14%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 14%" nowrap="nowrap">2012</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 1%" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 14%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 14%" nowrap="nowrap">2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Components of net periodic benefit cost:</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Service cost</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$2,526</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$54</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$789</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$804</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Interest cost</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 5,999</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 9,824</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 2,374</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 2,766</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Expected return on assets</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (6,103)</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (9,436)</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Amortization of prior service cost/(credit)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 27</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 339</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (2,818)</strong></td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (2,751)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Amortization of transition obligation</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 51</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 59</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Amortization of net actuarial loss</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 2,357</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 3,774</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 2,606</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 2,412</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Settlement</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 315</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 119,735</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Net periodic benefit cost</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$5,172</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$124,349</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$2,951</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$3,231</font> </td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The components of Other expense/(income), net, are:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Three months ended September 30,</td> <td style="BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Nine months ended September 30,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 58%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black"><strong>(in thousands)</strong></font></font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap">2012</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%" nowrap="nowrap">2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black">Currency transactions</font></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$1,975</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$2,174</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$3,879</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$2,873</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Bank fees and amortization of debt issuance costs</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 203</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 605</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 1,201</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 1,814</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Letter of credit fees</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 191</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 961</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Organizational costs related to Albany Safran Composites</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 500</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 500</strong></font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black">Other</font></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 14</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 99</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 57</strong></font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (586)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black">Total</font></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$2,692</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$3,069</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$5,637</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$5,062</font> </td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The following table summarizes charges reported in the Statements of Income under "Restructuring and other":</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Three months ended September 30,</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Nine months ended September 30,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 52%" nowrap="nowrap"><strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 13%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%" nowrap="nowrap">2012</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 2%"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%" nowrap="nowrap">2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> Machine Clothing</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$2,250</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$2,739</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$26,673</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,315</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black">Engineered Composites</font></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 6</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 540</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Unallocated expenses</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (166)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black">Total</font></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$2,256</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$2,739</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$27,213</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,149</font> </td> </tr> </table> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> </p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>Nine months ended September 30, 2013<br /> <br /> (in thousands)</strong></td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>Total <font style="COLOR: black">restructuring costs incurred</font></strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> <font style="COLOR: black">Termination and other costs</font></strong></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2"><strong>Impairment of plant and equipment</strong></td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> <font style="COLOR: black">Benefit plan curtailment/ settlement</font></strong></font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 42%" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> Machine Clothing</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 16%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$26,673</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 13%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$26,837</font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: left; WIDTH: 7%" nowrap="nowrap"> $</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 7%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">-</font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right; WIDTH: 15%" nowrap="nowrap">($164)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black">Engineered Composites</font></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 540</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 452</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 88</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Unallocated expenses</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black">Total</font></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$27,213</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$27,289</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$88</font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">($164)</td> </tr> </table> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> </p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <strong>Nine months ended September 30, 2012<br /> <br /> (in thousands)</strong></td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>Total <font style="COLOR: black">restructuring costs incurred</font></strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> <font style="COLOR: black">Termination and other costs</font></strong></font> </td> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2"><strong>Impairment of plant and equipment</strong></td> <td style="FONT-SIZE: 10pt; BORDER-TOP: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> <font style="COLOR: black">Benefit plan curtailment/ settlement</font></strong></font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 43%" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> Machine Clothing</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 15%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,315</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 14%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,315</font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: left; WIDTH: 7%" nowrap="nowrap"> $</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 7%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">-</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 7%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> $</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 7%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">-</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black">Engineered Composites</font></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Unallocated expenses</td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (166)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 380</font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap"> (546)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> <font style="COLOR: black">Total</font></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,149</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,695</font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap">($546)</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> $</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">-</font> </td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> We expect that substantially all accruals for restructuring liabilities will be paid within one year. The table below presents year-to-date changes in restructuring liabilities for 2013 and 2012 all of which related to termination costs:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 34%" nowrap="nowrap"><strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 12%"> <strong>December 31, 2012</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 15%"> <strong>Restructuring charges accrued</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%" nowrap="nowrap"><strong>Payments</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 16%"> <strong>Currency translation/other</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 12%"> <strong>September 30, 2013</strong></td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Total</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$4,947</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$25,860</font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">($5,529)</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$609</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$25,887</font> </td> </tr> </table> <p style="FONT: 11pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> </p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 34%" nowrap="nowrap"><strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 13%"> <strong>December 31, 2011</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 15%"> <strong>Restructuring charges accrued</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%"> <strong>Payments</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 16%"> <strong>Currency translation/other</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 12%"> <strong>September 30, 2012</strong></td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Total</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,979</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,579</font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">($6,395)</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$7,169</font> </td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt 0.5in"> The following tables show data by reportable segment, reconciled to consolidated totals included in the financial statements:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 90%" cellspacing="0" cellpadding="0" align="center"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Three months ended September 30,</td> <td style="BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Nine months ended September 30,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 50%" nowrap="nowrap"><strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap">2012</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap">2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>Net sales</strong></td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Machine Clothing (MC)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$162,864</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$177,471</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$507,809</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$518,881</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Engineered Composites (AEC)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 20,283</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 17,118</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 59,966</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 47,725</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Consolidated total</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$183,147</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$194,589</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$567,775</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$566,606</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>Operating income/(loss)</strong></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Machine Clothing</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $33,196</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">$44,918</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $96,803</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">$120,760</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Engineered Composites</td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (572)</strong></td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (312)</td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (4,460)</strong></td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (653)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Research expense</td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (7,418)</strong></td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (6,734)</td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (22,082)</strong></td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (20,052)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Unallocated expenses</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (11,951)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (14,760)</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (38,001)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (163,856)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Operating income/(loss) before reconciling items</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 13,255</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">23,112</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 32,260</strong></font> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">(63,801)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Reconciling items:</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Interest income</td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (351)</strong></td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (395)</td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (951)</strong></td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (1,000)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Interest expense</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 3,835</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 4,392</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 12,007</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 13,610</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Other expense/ (income), net</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 2,692</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 3,069</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 5,637</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 5,062</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Income/(loss) from continuing operations before income taxes</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $7,079</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">$16,046</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $15,567</strong></font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">($81,473)</td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The following table presents the number of shares issued and outstanding:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 36%"> </td> <td style="BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 12%"> Class A</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 3%"> </td> <td style="BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 11%"> Class B</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 3%"> </td> <td style="BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 15%"> Less: Treasury</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 3%"> </td> <td style="BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 17%"> Net shares</td> </tr> <tr> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center"> Shares</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center"> Shares</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center"> Shares</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center"> Outstanding</td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> September 30, 2013</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">36,954,027</font> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">3,236,098</font> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> (8,463,635)</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">31,726,490</font> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> June 30, 2013</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">36,875,127</font> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">3,236,098</font> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> (8,463,635)</td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">31,647,590</font> </td> </tr> <tr> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> September 30, 2012</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">36,629,604</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">3,236,098</font> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> (8,467,873)</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">31,397,829</font> </td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="MARGIN-BOTTOM: 0px; FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN-TOP: 12pt; MARGIN-RIGHT: 0px; TEXT-INDENT: 0.5in"> The following table summarizes changes in Stockholders' Equity:</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> </p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 40%"> <strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 7%"> Class A Common Stock</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 7%"> Class B Common Stock</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 9%"> Additional paid in capital</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 9%"> Retained earnings</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%"> Accumulated items of other comprehensive income</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 11%"> Treasury stock</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 8%"> Total<br /> Shareholders' Equity</td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> December 31, 2012</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">$37</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">$3</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">$395,381</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">$435,775</font> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> ($80,021)</td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> ($257,664)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">$493,511</font> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Net income</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 8,830</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 8,830</font> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Dividends declared</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> (13,929)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> (13,929)</td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Compensation and benefits paid or payable in Class A Common Stock</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> (1,024)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> (1,024)</td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Options exercised</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 5,572</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 5,572</font> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Shares issued to Directors</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 44</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 93</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 137</font> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Cumulative translation adjustment</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 3,998</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 3,998</font> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Change in pension liability adjustment</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 15,613</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 15,613</font> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Change in derivative valuation adjustment</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 1,509</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 1,509</font> </td> </tr> <tr> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <strong>September 30, 2013</strong></td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $37</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $3</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $399,973</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $430,676</strong></font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <strong>($58,901)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <strong>($257,571)</strong></td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $514,217</strong></font> </td> </tr> </table> <!--EndFragment--></div> </div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; WIDTH: 100%"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong><em>3. Reportable Segments</em></strong></font> </td> </tr> </table> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt 0.5in"> The following tables show data by reportable segment, reconciled to consolidated totals included in the financial statements:</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 90%" cellspacing="0" cellpadding="0" align="center"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Three months ended September 30,</td> <td style="BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2">Nine months ended September 30,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 50%" nowrap="nowrap"><strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap">2012</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%" nowrap="nowrap">2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>Net sales</strong></td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Machine Clothing (MC)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$162,864</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$177,471</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$507,809</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$518,881</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Engineered Composites (AEC)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 20,283</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 17,118</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 59,966</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> 47,725</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Consolidated total</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$183,147</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$194,589</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$567,775</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$566,606</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>Operating income/(loss)</strong></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Machine Clothing</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $33,196</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">$44,918</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $96,803</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">$120,760</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Engineered Composites</td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (572)</strong></td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (312)</td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (4,460)</strong></td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (653)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Research expense</td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (7,418)</strong></td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (6,734)</td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (22,082)</strong></td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (20,052)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Unallocated expenses</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (11,951)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (14,760)</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (38,001)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (163,856)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Operating income/(loss) before reconciling items</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 13,255</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">23,112</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 32,260</strong></font> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">(63,801)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Reconciling items:</td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Interest income</td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (351)</strong></td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (395)</td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"><strong> (951)</strong></td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap"> (1,000)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Interest expense</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 3,835</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 4,392</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 12,007</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 13,610</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> Other expense/ (income), net</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 2,692</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 3,069</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 5,637</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 5,062</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Income/(loss) from continuing operations before income taxes</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $7,079</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">$16,046</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $15,567</strong></font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" nowrap="nowrap">($81,473)</td> </tr> </table> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> The table below presents charges related to a 2012 initiative to settle pension liabilities and restructuring costs by reportable segment (also see Note 5):</p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 90%" cellspacing="0" cellpadding="0" align="center"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="4">Three months ended September 30,</td> <td style="BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="4">Nine months ended September 30,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2012</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2" nowrap="nowrap"><strong>2013</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">2012</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>Pension settlement</strong></td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 45%" nowrap="nowrap">Unallocated expenses</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: left; WIDTH: 6%" nowrap="nowrap"><strong> $</strong></td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 5%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>-</strong></font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: left; WIDTH: 6%" nowrap="nowrap"> $</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 5%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">-</font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: left; WIDTH: 6%" nowrap="nowrap"><strong> $</strong></td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 5%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>-</strong></font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: left; WIDTH: 6%" nowrap="nowrap">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 5%" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">119,735</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><strong>Restructuring expense</strong></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">Machine Clothing</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$2,250</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$2,739</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$26,673</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,315</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Engineered Composites</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 6</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> 540</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">Unallocated expenses</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> -</strong></font> </td> <td style="FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right" colspan="2" nowrap="nowrap"> (166)</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="BORDER-BOTTOM: black 1pt solid; BORDER-TOP: black 1pt solid; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" nowrap="nowrap">Consolidated total</td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$2,256</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$2,739</font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif"><strong>$27,213</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="2" nowrap="nowrap"><font style="FONT: 10pt Arial, Helvetica, Sans-Serif">$6,149</font> </td> </tr> </table> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> Substantially all of the restructuring charges recorded during the first nine months of 2013 relate to the completion of consultations with employee works councils in Sélestat and St. Junien, France, which will result in the reduction of approximately 200 employees, most of which will leave the Company during the fourth quarter of 2013. The restructuring program was driven by the Company's need to balance manufacturing capacity and demand.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> Through the first nine months of 2013, the Company incurred some restructuring costs in the Engineered Composites segment that were related to organizational changes and exiting certain aerospace programs.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px; TEXT-INDENT: 0.5in"> </p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> 2012 restructuring expenses were principally due to a reduction in workforce in Sweden and curtailment of manufacturing in New York and Wisconsin, driven by lower demand for paper machine clothing. Those costs were partially offset by a reduction in accruals related to the Company's headquarters.</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt; TEXT-INDENT: 0.5in"> There were no material changes in the total assets of the reportable segments during this period.</p> <!--EndFragment--></div> </div>
117690000
125335000
39143000
41166000
26300000
2000000
-3500000
0
493511000
514217000
395381000
399973000
435775000
430676000
-80021000
-58901000
-257664000
-257571000
37000
37000
3000
3000
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> <strong><em>16. Changes in Shareholders' Equity</em></strong></p> <p style="MARGIN-BOTTOM: 0px; FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN-TOP: 12pt; MARGIN-RIGHT: 0px; TEXT-INDENT: 0.5in"> The following table summarizes changes in Stockholders' Equity:</p> <p style="FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 0px 0px 10pt"> </p> <table style="FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-COLLAPSE: collapse; WIDTH: 100%" cellspacing="0" cellpadding="0"> <tr> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 40%"> <strong>(in thousands)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 7%"> Class A Common Stock</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 7%"> Class B Common Stock</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 9%"> Additional paid in capital</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 9%"> Retained earnings</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: center; WIDTH: 10%"> Accumulated items of other comprehensive income</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 11%"> Treasury stock</td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; WIDTH: 8%"> Total<br /> Shareholders' Equity</td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> December 31, 2012</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">$37</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">$3</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">$395,381</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">$435,775</font> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> ($80,021)</td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> ($257,664)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif">$493,511</font> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Net income</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 8,830</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 8,830</font> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Dividends declared</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> (13,929)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> (13,929)</td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Compensation and benefits paid or payable in Class A Common Stock</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> (1,024)</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> (1,024)</td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Options exercised</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 5,572</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 5,572</font> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Shares issued to Directors</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 44</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 93</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 137</font> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Cumulative translation adjustment</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 3,998</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 3,998</font> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Change in pension liability adjustment</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 15,613</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 15,613</font> </td> </tr> <tr> <td style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> Change in derivative valuation adjustment</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 1,509</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> -</font> </td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"> 1,509</font> </td> </tr> <tr> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <strong>September 30, 2013</strong></td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $37</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $3</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $399,973</strong></font> </td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $430,676</strong></font> </td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <strong>($58,901)</strong></td> <td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif; FONT-SIZE: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; TEXT-ALIGN: right"> <strong>($257,571)</strong></td> <td style="FONT-SIZE: 10pt; BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <font style="COLOR: black; FONT: 10pt Arial, Helvetica, Sans-Serif"><strong> $514,217</strong></font> </td> </tr> </table> <!--EndFragment--></div> </div>
44000
93000
137000
-1024000
-1024000
5572000
5572000
8467873
8463635
8467873
8463635
257664000
257571000
23000000
11700000
31913000
31550000
32010000
31550000
31615000
31340000
31719000
31363000
iso4217:USD
iso4217:USD
xbrli:shares
xbrli:pure
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Net of $0.8 million receivable floating leg and $4.3 million liability fixed leg
Net of $1.2 million receivable floating leg and $5.9 million liability fixed leg