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.\par\pard\plain\cf1\f51\fs2\b\qc 0\par\pard\plain\cf1\f51\fs24\b\qc UNITED STATES\par\pard\plain\cf1\f51\fs24\b\qc SECURITIES AND EXCHANGE COMMISSION\par\pard\plain\cf1\f51\fs18\b\qc Washington, D.C.\~\~20549\par\pard\plain\cf1\f51\fs14\qc \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\cf1\f51\fs28\b\qc FORM 10-Q\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\cf1\f51\fs14\qc \~\par\pard\plain\sa44\cf1\f51\fs16\qc \~\par\pard\plain\cf1\f51\fs16\qc \u9745?\plain\sa44\cf1\f51\fs16\b\qc QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\par\pard\plain\sa44\cf1\f51\fs16\qc For the quarterly period ended: December\~31,\~2017\par\pard\plain\sa44\cf1\f51\fs16\qc OR\par\pard\plain\cf1\f51\fs16\qc \u9744?\plain\sa44\cf1\f51\fs16\b\qc TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE 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\par\pard\plain\cf1\f51\fs32\b\qc MCBC HOLDINGS, INC.\par\pard\plain\sa88\cf1\f51\fs14\i\qc (Exact name of registrant as specified in its charter)\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\cf1\f51\fs14\qc \~ \par\pard\plain {\trowd\cellx3678\cellx6679\cellx10323\trrh198 \pard\plain\intbl\li2376\fi-2376\cf1\f51\fs16\b\qc Delaware\cell\pard\plain\intbl\li2376\fi-2376\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\li2376\fi-2376\cf1\f51\fs16\b\qc 06-1571747\cell{ {\trowd\cellx3678\cellx6679\cellx10323\trrh198\row}}} {\trowd\cellx3678\cellx6679\cellx10323\trrh198 \pard\plain\intbl\li2376\fi-2376\cf1\f51\fs16\i\qc (State or Other Jurisdiction\cell\pard\plain\intbl\li2376\fi-2376\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\li2376\fi-2376\cf1\f51\fs16\i\qc (I.R.S. Employer\cell{ {\trowd\cellx3678\cellx6679\cellx10323\trrh198\row}}} {\trowd\cellx3678\cellx6679\cellx10323\trrh198 \pard\plain\intbl\li2376\fi-2376\cf1\f51\fs16\i\qc of Incorporation or Organization)\cell\pard\plain\intbl\li2376\fi-2376\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\li2376\fi-2376\cf1\f51\fs16\i\qc Identification No.)\cell{ {\trowd\cellx3678\cellx6679\cellx10323\trrh198\row}}}\pard\plain\cf1\f51\fs14\qc \~\par\pard\plain\cf1\f51\fs18\b\qc 100 Cherokee Cove Drive, Vonore, TN 37885\par\pard\plain\cf1\f51\fs16\i\qc (Address of Principal Executive Office) (Zip Code)\par\pard\plain\cf1\f51\fs18\qc \~\par\pard\plain\cf1\f51\fs18\b\qc (423) 884-2221\par\pard\plain\cf1\f51\fs16\i\qc (Registrant\u8217?s telephone number, including area code)\par\pard\plain\cf1\f51\fs14\qc \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\fi-154\cf1\f51\fs14\qc \~\par\pard\plain\cf1\f51\fs10\qj \~\par\pard\plain\cf1\f51\fs16\qj Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934\plain\cf1\f51\fs16\qj during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing\plain\cf1\f51\fs16\qj requirements for the past 90 days.\par\pard\plain\li44\cf1\f51\fs16\qr \u9745?\~\~\~\~\~Yes\~\~\~\~\~\~\~\~\~\~\u9744?\~\~\~\~\~No\par\pard\plain\sb88\cf1\f51\fs16\qj Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File\plain\cf1\f51\fs16\qj required to be submitted and posted pursuant to Rule\~405 of Regulation\~S-T (\u167?229.405 of this chapter) during the preceding 12 months (or for such\plain\cf1\f51\fs16\qj shorter period that the registrant was required to submit and post such files).\par\pard\plain\li44\cf1\f51\fs16\qr \u9745?\~\~\~\~\~Yes\~\~\~\~\~\~\~\~\~\~\u9744?\~\~\~\~\~No\par\pard\plain\cf1\f51\fs16\qr \~\~\~\~\par\pard\plain\cf1\f51\fs16\ql Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an\plain\cf1\f51\fs16\ql emerging growth company. See the definitions of \u8220?large accelerated filer,\u8221? \u8220?accelerated filer,\u8221? \u8220?smaller reporting\plain\cf1\f51\fs16\ql company,\u8221? and \u8220?emerging growth company\u8221? in Rule 12b-2 of the Exchange Act.\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\trqc\cellx3485\clvertalb\cellx6556\cellx6676\clvertalb\cellx9647\clvertalb\cellx10323\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\trqc\cellx3485\clvertalb\cellx6556\cellx6676\clvertalb\cellx9647\clvertalb\cellx10323\trrh66\row}}} {\trowd\trqc\cellx3485\clvertalb\cellx6556\cellx6676\clvertalb\cellx9647\clvertalb\cellx10323\trrh198 \pard\plain\intbl\cf1\f51\fs16\qc Large accelerated filer\cell\pard\plain\intbl\cf1\f51\fs16\ql \u9744?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc Accelerated filer\cell\pard\plain\intbl\cf1\f51\fs16\ql \u9745?\cell{ {\trowd\trqc\cellx3485\clvertalb\cellx6556\cellx6676\clvertalb\cellx9647\clvertalb\cellx10323\trrh198\row}}} {\trowd\trqc\cellx3485\clvertalb\cellx6556\cellx6676\clvertalb\cellx9647\clvertalb\cellx10323\trrh198 \pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \u61472?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \u61472?\cell{ {\trowd\trqc\cellx3485\clvertalb\cellx6556\cellx6676\clvertalb\cellx9647\clvertalb\cellx10323\trrh198\row}}} {\trowd\trqc\cellx3485\clvertalb\cellx6556\cellx6676\clvertalb\cellx9647\clvertalb\cellx10323\trrh396 \pard\plain\intbl\cf1\f51\fs16\qc Non-accelerated filer\cell\pard\plain\intbl\cf1\f51\fs16\ql \u9744? (Do not check if a smaller reporting\plain\intbl\cf1\f51\fs16\ql company)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc Smaller reporting company\cell\pard\plain\intbl\cf1\f51\fs16\ql \u9744?\cell{ {\trowd\trqc\cellx3485\clvertalb\cellx6556\cellx6676\clvertalb\cellx9647\clvertalb\cellx10323\trrh396\row}}} {\trowd\trqc\cellx3485\clvertalb\cellx6556\cellx6676\clvertalb\cellx9647\clvertalb\cellx10323\trrh198 \pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \u61472?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \u61472?\cell{ {\trowd\trqc\cellx3485\clvertalb\cellx6556\cellx6676\clvertalb\cellx9647\clvertalb\cellx10323\trrh198\row}}} {\trowd\trqc\cellx3485\clvertalb\cellx6556\cellx6676\clvertalb\cellx9647\clvertalb\cellx10323\trrh198 \pard\plain\intbl\cf1\f51\fs16\qc Emerging growth company\cell\pard\plain\intbl\cf1\f51\fs16\ql \u9745?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \u61472?\cell{ {\trowd\trqc\cellx3485\clvertalb\cellx6556\cellx6676\clvertalb\cellx9647\clvertalb\cellx10323\trrh198\row}}} {\trowd\trqc\cellx3485\clvertalb\cellx6556\cellx6676\clvertalb\cellx9647\clvertalb\cellx10323\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \u61472?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \u61472?\cell{ {\trowd\trqc\cellx3485\clvertalb\cellx6556\cellx6676\clvertalb\cellx9647\clvertalb\cellx10323\trrh198\row}}}\pard\plain\cf1\f51\fs16\ql If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any\plain\cf1\f51\fs16\ql new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. \u9745?\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\sb44\sa44\cf1\f51\fs16\ql Indicate by check mark whether the registrant is a shell company (as defined in Rule\~12b-2 of the Act).\par\pard\plain\cf1\f51\fs16\qr \u9744?\~\~\~\~\~Yes\~\~\~\~\~\~\~\~\~\~\u9745?\~\~\~\~\~No\par\pard\plain\sb88\cf1\f51\fs16\ql As of February 5, 2018, there were 18,679,131 shares of the Registrant\u8217?s common stock, par value $0.01 per share, issued and outstanding.\par\pard\plain\sb88\cf1\f51\fs14\qj \~\par\pard\plain\brdrb\brdrs\cf1\f51\fs12\ql \~\par\pard\plain\cf1\f51\fs12\ql \~\par\pard\plain\sb66\cf1\f51\fs20\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\ri88\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\qc \~{\*\bkmkstart toc_12035971}{\*\bkmkend toc_12035971}\par\pard\plain\cf1\f51\fs20\b\qc TABLE OF CONTENTS\par\pard\plain\cf1\f51\fs20\qc \~{\*\bkmkstart part_1_2_1}{\*\bkmkend part_1_2_1}{\*\bkmkstart item_1_3_1}{\*\bkmkend item_1_3_1} \par\pard\plain {\trowd\trqc\cellx1753\cellx9204\clbrdrb\brdrs\brdrcf1\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc Page\cell{ {\trowd\trqc\cellx1753\cellx9204\clbrdrb\brdrs\brdrcf1\cellx9688\trrh248\row}}} {\trowd\trqc\cellx9204\clbrdrt\brdrs\brdrcf1\cellx9688\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\cellx9204\clbrdrt\brdrs\brdrcf1\cellx9688\trrh264\row}}} {\trowd\trqc\cellx9204\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\cellx9204\cellx9688\trrh248\row}}} {\trowd\trqc\cellx9204\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\cellx9204\cellx9688\trrh248\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248 \pard\plain\intbl\li154\fi-154\cf1\f51\fs20\b\ql PART I\cell\pard\plain\intbl\cf1\f51\fs20\b\ql FINANCIAL INFORMATION\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248 \pard\plain\intbl\li462\fi-154\cf1\f51\fs20\ql Item 1.\cell\pard\plain\intbl\cf1\f51\fs20\ql Financial Statements\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248 \pard\plain\intbl\li308\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li154\ul{\field{\*\fldinst HYPERLINK \\l "statements_of_operations_1203597" }{\*\fldrslt\cf3\f51\fs20\ql Unaudited Condensed Consolidated Statements of Operations}}\cell\pard\plain\intbl\cf1\f51\fs20\qr 4\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248 \pard\plain\intbl\li308\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li154\ul{\field{\*\fldinst HYPERLINK \\l "balance_sheets_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Unaudited Condensed Consolidated Balance Sheets}}\cell\pard\plain\intbl\cf1\f51\fs20\qr 5\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248 \pard\plain\intbl\li308\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li154\ul{\field{\*\fldinst HYPERLINK \\l "stockholders_deficit_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Unaudited Condensed Consolidated Statement of Stockholders\u8217? Equity}}\cell\pard\plain\intbl\cf1\f51\fs20\qr 6\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248 \pard\plain\intbl\li308\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li154\ul{\field{\*\fldinst HYPERLINK \\l "cash_flows_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Unaudited Condensed Consolidated Statements of Cash Flows}}\cell\pard\plain\intbl\cf1\f51\fs20\qr 7\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248 \pard\plain\intbl\li308\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li154\ul{\field{\*\fldinst HYPERLINK \\l "notestoconsolidatedfinancialstat" }{\*\fldrslt\cf3\f51\fs20\ql Notes to Unaudited Condensed Consolidated Financial Statements}}\cell\pard\plain\intbl\cf1\f51\fs20\qr 8\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495 \pard\plain\intbl\li462\ul{\field{\*\fldinst HYPERLINK \\l "item2managementsdiscussionandana" }{\*\fldrslt\cf3\f51\fs20\ql Item 2.}}\plain\intbl\li462\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "item2managementsdiscussionandana" }{\*\fldrslt\cf3\f51\fs20\ql Management\u8217?s Discussion and Analysis of Financial Condition and Results of}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "item2managementsdiscussionandana" }{\*\fldrslt\cf3\f51\fs20\ql Operations}}\cell\pard\plain\intbl\cf1\f51\fs20\qr 22\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495 \pard\plain\intbl\li462\ul{\field{\*\fldinst HYPERLINK \\l "item3_quantitative_qualitative_1" }{\*\fldrslt\cf3\f51\fs20\ql Item 3.}}\plain\intbl\li462\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "item3_quantitative_qualitative_1" }{\*\fldrslt\cf3\f51\fs20\ql Quantitative and Qualitative Disclosures About Market Risk}}\cell\pard\plain\intbl\cf1\f51\fs20\qr 34\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495 \pard\plain\intbl\li462\ul{\field{\*\fldinst HYPERLINK \\l "item4_controlsandprocedures_1203" }{\*\fldrslt\cf3\f51\fs20\ql Item 4.}}\plain\intbl\li462\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "item4_controlsandprocedures_1203" }{\*\fldrslt\cf3\f51\fs20\ql Controls and Procedures}}\cell\pard\plain\intbl\cf1\f51\fs20\qr 35\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248\row}}} {\trowd\trqc\cellx1753\cellx9204\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh495 \pard\plain\intbl\li154\ul{\field{\*\fldinst HYPERLINK \\l "part_ii_12035971" }{\*\fldrslt\cf3\f51\fs20\b\ql PART II}}\plain\intbl\li154\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "part_ii_12035971" }{\*\fldrslt\cf3\f51\fs20\b\ql OTHER INFORMATION}}\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\cellx1753\cellx9204\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh495\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495 \pard\plain\intbl\li462\ul{\field{\*\fldinst HYPERLINK \\l "item1_legal_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Item 1.}}\plain\intbl\li462\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li154\ul{\field{\*\fldinst HYPERLINK \\l "item1_legal_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Legal}}\cell\pard\plain\intbl\cf1\f51\fs20\qr 35\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495 \pard\plain\intbl\li462\ul{\field{\*\fldinst HYPERLINK \\l "item1a_risk_factors_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Item 1A.}}\plain\intbl\li462\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "item1a_risk_factors_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Risk Factors}}\cell\pard\plain\intbl\cf1\f51\fs20\qr 35\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495 \pard\plain\intbl\li462\ul{\field{\*\fldinst HYPERLINK \\l "item2_unregisteredsalesofsecurit" }{\*\fldrslt\cf3\f51\fs20\ql Item 2.}}\plain\intbl\li462\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "item2_unregisteredsalesofsecurit" }{\*\fldrslt\cf3\f51\fs20\ql Unregistered Sales of Securities}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "item2_unregisteredsalesofsecurit" }{\*\fldrslt\cf3\f51\fs20\b\ql \~}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "item2_unregisteredsalesofsecurit" }{\*\fldrslt\cf3\f51\fs20\ql and Use of Proceeds}}\cell\pard\plain\intbl\cf1\f51\fs20\qr 36\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495 \pard\plain\intbl\li462\ul{\field{\*\fldinst HYPERLINK \\l "item3_defaults_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Item 3.}}\plain\intbl\li462\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "item3_defaults_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Defaults Upon Senior Securities}}\cell\pard\plain\intbl\cf1\f51\fs20\qr 36\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495 \pard\plain\intbl\li462\ul{\field{\*\fldinst HYPERLINK \\l "item4_minesafetydisclosures_1203" }{\*\fldrslt\cf3\f51\fs20\ql Item 4.}}\plain\intbl\li462\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "item4_minesafetydisclosures_1203" }{\*\fldrslt\cf3\f51\fs20\ql Mine Safety Disclosures}}\cell\pard\plain\intbl\cf1\f51\fs20\qr 36\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495 \pard\plain\intbl\li462\ul{\field{\*\fldinst HYPERLINK \\l "item5_other_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Item 5.}}\plain\intbl\li462\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "item5_other_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Other Information}}\cell\pard\plain\intbl\cf1\f51\fs20\qr 36\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495 \pard\plain\intbl\li462\ul{\field{\*\fldinst HYPERLINK \\l "item6exhibits_176961_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Item 6.}}\plain\intbl\li462\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "item6exhibits_176961_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Exhibits, Financial Statement Schedules}}\cell\pard\plain\intbl\cf1\f51\fs20\qr 37\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh495\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248\row}}} {\trowd\trqc\cellx1753\cellx9204\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh495 \pard\plain\intbl\li154\ul{\field{\*\fldinst HYPERLINK \\l "signatures_12035971" }{\*\fldrslt\cf3\f51\fs20\b\ql SIGNATURES}}\plain\intbl\li154\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 39\cell{ {\trowd\trqc\cellx1753\cellx9204\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh495\row}}} {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248 \pard\plain\intbl\li308\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\cellx1753\cellx9204\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\sb528\cf1\f51\fs20\qc 2\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\cf1\f51\fs20\b\ql CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS\par\pard\plain\cf1\f51\fs20\qj This quarterly report on Form 10-Q contains certain \u8220?forward-looking statements\u8221? within the meaning\plain\cf1\f51\fs20\qj of the federal securities laws. We use words such as \u8220?could,\u8221? \u8220?may,\u8221?\plain\cf1\f51\fs20\qj \u8220?might,\u8221? \u8220?will,\u8221? \u8220?expect,\u8221? \u8220?likely,\u8221? \u8220?believe,\u8221?\plain\cf1\f51\fs20\qj \u8220?continue,\u8221? \u8220?anticipate,\u8221? \u8220?estimate,\u8221? \u8220?intend,\u8221?\plain\cf1\f51\fs20\qj \u8220?plan,\u8221? \u8220?project\u8221? and other similar expressions to identify some but not all\plain\cf1\f51\fs20\qj forward-looking statements and include statements in this quarterly report on Form 10-Q concerning our pipeline\plain\cf1\f51\fs20\qj of new models;\~\par\pard\plain\cf1\f51\fs20\qj our ability to continue our operating momentum, capture additional market share and deliver continued growth;\plain\cf1\f51\fs20\qj expectations regarding driving margin expansion, sales increases and organic growth; the successful integration of\plain\cf1\f51\fs20\qj Nautic Star, LLC into our business; our fiscal 2018 outlook and key growth initiatives. Forward-looking statements\plain\cf1\f51\fs20\qj involve estimates and uncertainties that could cause actual results to differ materially from those expressed in the\plain\cf1\f51\fs20\qj forward-looking statements.\par\pard\plain\fi528\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The forward-looking statements contained in this quarterly report on Form 10-Q are based on assumptions that we\plain\cf1\f51\fs20\qj have made in light of our industry experience and our perceptions of historical trends, current conditions, expected\plain\cf1\f51\fs20\qj future developments and other important factors we believe are appropriate under the circumstances. As you read\plain\cf1\f51\fs20\qj and consider this quarterly report on Form 10-Q, you should understand that these statements are not guarantees of\plain\cf1\f51\fs20\qj performance or results. They involve risks, uncertainties (many of which are beyond our control) and assumptions.\plain\cf1\f51\fs20\qj Although we believe that these forward-looking statements are based on reasonable assumptions, you should be\plain\cf1\f51\fs20\qj aware that many important factors could affect our actual operating and financial performance and cause our\plain\cf1\f51\fs20\qj performance to differ materially from the performance anticipated in the forward-looking statements, including but\plain\cf1\f51\fs20\qj not limited to the following: general economic conditions, demand for our products, changes in consumer\plain\cf1\f51\fs20\qj preferences, competition within our industry, our reliance on our network of independent dealers, our ability to\plain\cf1\f51\fs20\qj manage our manufacturing levels and our large fixed cost base, the successful introduction of our new products, and\plain\cf1\f51\fs20\qj the other important factors described under the caption \u8220?Risk Factors\u8221? in this quarterly report on Form\plain\cf1\f51\fs20\qj 10-Q\~\~and our Annual Report on Form 10-K for the fiscal year ended June 30, 2017, filed with the Securities and\plain\cf1\f51\fs20\qj Exchange Commission (the \u8220?SEC\u8221?) on September 7, 2017 and in our Quarterly Report on Form 10-Q\plain\cf1\f51\fs20\qj for the fiscal quarter ended October 1, 2017, filed with the SEC on November 13, 2017. Should one or more of\plain\cf1\f51\fs20\qj these risks or uncertainties materialize, or should any of these assumptions prove incorrect, our actual operating and\plain\cf1\f51\fs20\qj financial performance may vary in material respects from the performance projected in these forward-looking\plain\cf1\f51\fs20\qj statements.\par\pard\plain\fi528\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Further, any forward-looking statement speaks only as of the date on which it is made, and except as required by\plain\cf1\f51\fs20\qj law, we undertake no obligation to update any forward-looking statement contained in this quarterly report on Form\plain\cf1\f51\fs20\qj 10-Q to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated\plain\cf1\f51\fs20\qj or unanticipated events or circumstances. New important factors that could cause our business not to develop as we\plain\cf1\f51\fs20\qj expect emerge from time to time, and it is not possible for us to predict all of them.\par\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\sb528\cf1\f51\fs20\qc 3\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\cf1\f51\fs20\b\qc MCBC HOLDINGS,\~INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc UNAUDITED CONDENSED CONSOLIDATED{\*\bkmkstart statements_of_operations_1203597}{\*\bkmkend statements_of_operations_1203597}\plain\cf1\f51\fs20\b\qc STATEMENTS OF OPERATIONS\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\qc \~ \par\pard\plain {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clvertalb\cellx3192\clvertalb\cellx4132\clvertalb\cellx4292\clvertalb\cellx4876\clvertalb\cellx5790\clvertalb\cellx6030\clvertalb\cellx6716\clvertalb\cellx7656\clvertalb\cellx7816\clvertalb\cellx8400\clvertalb\cellx9314\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clvertalb\cellx3192\clvertalb\cellx4132\clvertalb\cellx4292\clvertalb\cellx4876\clvertalb\cellx5790\clvertalb\cellx6030\clvertalb\cellx6716\clvertalb\cellx7656\clvertalb\cellx7816\clvertalb\cellx8400\clvertalb\cellx9314\clvertalb\cellx9688\trrh66\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2136\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2506\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5791\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6031\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9316\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Three Months Ended\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Six Months Ended\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2136\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2506\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5791\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6031\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9316\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2136\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2506\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4132\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4292\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5791\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6031\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7657\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7817\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9316\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc January\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc January\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2136\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2506\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4132\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4292\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5791\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6031\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7657\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7817\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9316\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2136\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2506\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx3192\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4132\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4292\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4876\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5790\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6030\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6716\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7656\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7816\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8400\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9314\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh223 \pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2136\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2506\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx3192\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4132\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4292\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4876\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5790\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6030\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6716\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7656\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7816\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8400\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9314\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh223\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223 \pard\plain\intbl\cf1\f51\fs16\ql NET SALES\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 78,435\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 51,134\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 143,484\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 111,823\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}} {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3192\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4132\clvertalb\cellx4292\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4876\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5790\clvertalb\cellx6030\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6716\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7656\clvertalb\cellx7816\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8400\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9314\clvertalb\cellx9688\trrh223 \pard\plain\intbl\cf1\f51\fs16\ql COST OF SALES\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 58,501\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 36,848\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 105,387\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 79,728\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3192\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4132\clvertalb\cellx4292\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4876\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5790\clvertalb\cellx6030\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6716\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7656\clvertalb\cellx7816\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8400\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9314\clvertalb\cellx9688\trrh223\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223 \pard\plain\intbl\cf1\f51\fs16\ql GROSS PROFIT\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 19,934\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 14,286\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 38,097\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 32,095\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}} {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clvertalb\cellx3192\clvertalb\cellx4132\clvertalb\cellx4292\clvertalb\cellx4876\clvertalb\cellx5790\clvertalb\cellx6030\clvertalb\cellx6716\clvertalb\cellx7656\clvertalb\cellx7816\clvertalb\cellx8400\clvertalb\cellx9314\clvertalb\cellx9688\trrh223 \pard\plain\intbl\cf1\f51\fs16\ql OPERATING EXPENSES:\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clvertalb\cellx3192\clvertalb\cellx4132\clvertalb\cellx4292\clvertalb\cellx4876\clvertalb\cellx5790\clvertalb\cellx6030\clvertalb\cellx6716\clvertalb\cellx7656\clvertalb\cellx7816\clvertalb\cellx8400\clvertalb\cellx9314\clvertalb\cellx9688\trrh223\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223 \pard\plain\intbl\cf1\f51\fs16\ql Selling and marketing\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 3,672\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 2,444\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 6,409\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 4,498\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}} {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clvertalb\cellx3192\clvertalb\cellx4132\clvertalb\cellx4292\clvertalb\cellx4876\clvertalb\cellx5790\clvertalb\cellx6030\clvertalb\cellx6716\clvertalb\cellx7656\clvertalb\cellx7816\clvertalb\cellx8400\clvertalb\cellx9314\clvertalb\cellx9688\trrh223 \pard\plain\intbl\cf1\f51\fs16\ql General and administrative\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 4,955\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 4,776\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 9,290\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 8,869\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clvertalb\cellx3192\clvertalb\cellx4132\clvertalb\cellx4292\clvertalb\cellx4876\clvertalb\cellx5790\clvertalb\cellx6030\clvertalb\cellx6716\clvertalb\cellx7656\clvertalb\cellx7816\clvertalb\cellx8400\clvertalb\cellx9314\clvertalb\cellx9688\trrh223\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh396 \pard\plain\intbl\cf1\f51\fs16\ql Amortization of intangible\plain\intbl\cf1\f51\fs16\ql assets\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 525\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 27\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 552\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 54\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh396\row}}} {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3192\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4132\clvertalb\cellx4292\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4876\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5790\clvertalb\cellx6030\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6716\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7656\clvertalb\cellx7816\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8400\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9314\clvertalb\cellx9688\trrh223 \pard\plain\intbl\cf1\f51\fs16\ql Total operating expenses\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 9,152\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 7,247\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 16,251\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 13,421\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3192\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4132\clvertalb\cellx4292\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4876\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5790\clvertalb\cellx6030\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6716\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7656\clvertalb\cellx7816\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8400\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9314\clvertalb\cellx9688\trrh223\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223 \pard\plain\intbl\cf1\f51\fs16\ql OPERATING INCOME\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 10,782\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 7,039\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 21,846\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,674\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}} {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clvertalb\cellx3192\clvertalb\cellx4132\clvertalb\cellx4292\clvertalb\cellx4876\clvertalb\cellx5790\clvertalb\cellx6030\clvertalb\cellx6716\clvertalb\cellx7656\clvertalb\cellx7816\clvertalb\cellx8400\clvertalb\cellx9314\clvertalb\cellx9688\trrh223 \pard\plain\intbl\cf1\f51\fs16\ql OTHER EXPENSE:\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clvertalb\cellx3192\clvertalb\cellx4132\clvertalb\cellx4292\clvertalb\cellx4876\clvertalb\cellx5790\clvertalb\cellx6030\clvertalb\cellx6716\clvertalb\cellx7656\clvertalb\cellx7816\clvertalb\cellx8400\clvertalb\cellx9314\clvertalb\cellx9688\trrh223\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223 \pard\plain\intbl\cf1\f51\fs16\ql Interest expense\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 1,139\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 512\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 1,630\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 1,123\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}} {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clvertalb\cellx3192\clvertalb\cellx4132\clvertalb\cellx4292\clvertalb\cellx4876\clvertalb\cellx5790\clvertalb\cellx6030\clvertalb\cellx6716\clvertalb\cellx7656\clvertalb\cellx7816\clvertalb\cellx8400\clvertalb\cellx9314\clvertalb\cellx9688\trrh396 \pard\plain\intbl\cf1\f51\fs16\ql INCOME BEFORE INCOME\plain\intbl\cf1\f51\fs16\ql TAX EXPENSE\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 9,643\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 6,527\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 20,216\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 17,551\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clvertalb\cellx3192\clvertalb\cellx4132\clvertalb\cellx4292\clvertalb\cellx4876\clvertalb\cellx5790\clvertalb\cellx6030\clvertalb\cellx6716\clvertalb\cellx7656\clvertalb\cellx7816\clvertalb\cellx8400\clvertalb\cellx9314\clvertalb\cellx9688\trrh396\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223 \pard\plain\intbl\cf1\f51\fs16\ql INCOME TAX EXPENSE\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 1,634\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 2,496\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 5,161\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 6,537\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}} {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3192\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4132\clvertalb\cellx4292\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4876\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5790\clvertalb\cellx6030\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6716\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7656\clvertalb\cellx7816\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8400\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9314\clvertalb\cellx9688\trrh223 \pard\plain\intbl\cf1\f51\fs16\ql NET INCOME\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 8,009\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 4,031\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 15,055\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 11,014\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3192\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4132\clvertalb\cellx4292\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4876\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5790\clvertalb\cellx6030\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6716\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7656\clvertalb\cellx7816\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8400\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9314\clvertalb\cellx9688\trrh223\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223 \pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}} {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clvertalb\cellx3192\clvertalb\cellx4132\clvertalb\cellx4292\clvertalb\cellx4876\clvertalb\cellx5790\clvertalb\cellx6030\clvertalb\cellx6716\clvertalb\cellx7656\clvertalb\cellx7816\clvertalb\cellx8400\clvertalb\cellx9314\clvertalb\cellx9688\trrh396 \pard\plain\intbl\cf1\f51\fs16\ql EARNINGS PER COMMON\plain\intbl\cf1\f51\fs16\ql SHARE:\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clvertalb\cellx3192\clvertalb\cellx4132\clvertalb\cellx4292\clvertalb\cellx4876\clvertalb\cellx5790\clvertalb\cellx6030\clvertalb\cellx6716\clvertalb\cellx7656\clvertalb\cellx7816\clvertalb\cellx8400\clvertalb\cellx9314\clvertalb\cellx9688\trrh396\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223 \pard\plain\intbl\li264\cf1\f51\fs16\ql Basic\cell\pard\plain\intbl\li264\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.43\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.22\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.81\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.59\cell\pard\plain\intbl\li264\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}} {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clvertalb\cellx3192\clvertalb\cellx4132\clvertalb\cellx4292\clvertalb\cellx4876\clvertalb\cellx5790\clvertalb\cellx6030\clvertalb\cellx6716\clvertalb\cellx7656\clvertalb\cellx7816\clvertalb\cellx8400\clvertalb\cellx9314\clvertalb\cellx9688\trrh223 \pard\plain\intbl\li264\cf1\f51\fs16\ql Diluted\cell\pard\plain\intbl\li264\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.43\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.22\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.81\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.59\cell\pard\plain\intbl\li264\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clvertalb\cellx3192\clvertalb\cellx4132\clvertalb\cellx4292\clvertalb\cellx4876\clvertalb\cellx5790\clvertalb\cellx6030\clvertalb\cellx6716\clvertalb\cellx7656\clvertalb\cellx7816\clvertalb\cellx8400\clvertalb\cellx9314\clvertalb\cellx9688\trrh223\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh594 \pard\plain\intbl\cf1\f51\fs16\ql WEIGHTED AVERAGE\plain\intbl\cf1\f51\fs16\ql SHARES USED FOR\plain\intbl\cf1\f51\fs16\ql COMPUTATION OF:\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh594\row}}} {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clvertalb\cellx3192\clvertalb\cellx4132\clvertalb\cellx4292\clvertalb\cellx4876\clvertalb\cellx5790\clvertalb\cellx6030\clvertalb\cellx6716\clvertalb\cellx7656\clvertalb\cellx7816\clvertalb\cellx8400\clvertalb\cellx9314\clvertalb\cellx9688\trrh223 \pard\plain\intbl\li264\cf1\f51\fs16\ql Basic earnings per share\cell\pard\plain\intbl\li264\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,619,834\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,592,936\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,617,467\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,592,372\cell\pard\plain\intbl\li264\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2136\clvertalb\cellx2506\clvertalb\cellx3192\clvertalb\cellx4132\clvertalb\cellx4292\clvertalb\cellx4876\clvertalb\cellx5790\clvertalb\cellx6030\clvertalb\cellx6716\clvertalb\cellx7656\clvertalb\cellx7816\clvertalb\cellx8400\clvertalb\cellx9314\clvertalb\cellx9688\trrh223\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223 \pard\plain\intbl\li264\cf1\f51\fs16\ql Diluted earnings per share\cell\pard\plain\intbl\li264\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,702,352\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,605,078\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,694,489\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,598,841\cell\pard\plain\intbl\li264\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2136\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2506\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3192\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4292\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4876\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5790\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6716\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7656\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7816\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}}\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\cf1\f51\fs20\i\qc The notes form an integral part of the condensed consolidated financial statements.\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\sb528\cf1\f51\fs20\qc 4\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\cf1\f51\fs20\b\qc MCBC HOLDINGS,\~INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc UNAUDITED CONDENSED CONSOLIDATED{\*\bkmkstart balance_sheets_12035971}{\*\bkmkend balance_sheets_12035971}\plain\cf1\f51\fs20\b\qc BALANCE SHEETS\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs18\qc \~ \par\pard\plain {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh66\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6380\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6620\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8061\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8301\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9568\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc December\~31,\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc June\~30,\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6380\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6620\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8061\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8301\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9568\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6380\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6620\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8061\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8301\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9568\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6380\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6620\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8061\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8301\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9568\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8061\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8301\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8625\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9567\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8061\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8301\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8625\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9567\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\b\ql ASSETS\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\b\ql CURRENT ASSETS:\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Cash and cash equivalents\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 6,250\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 4,038\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Accounts receivable\~\u8212? net of allowances of $61 and $82, respectively\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 1,917\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 3,500\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Inventories\~\u8212? net\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 18,283\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 11,676\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Prepaid expenses and other current assets\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 3,021\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 2,438\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li264\cf1\f51\fs16\ql Total current assets\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 29,471\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 21,652\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql Property, plant and equipment\~\u8212? net\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 19,533\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 14,827\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql Intangible assets\~\u8212? net\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 52,090\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 16,643\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql Goodwill\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 66,818\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 29,593\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql Deferred debt issuance costs\~\u8212? net\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 428\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 481\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql Other\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 302\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 125\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7126\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8060\clvertalb\cellx8300\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8624\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9566\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li264\cf1\f51\fs16\ql Total assets\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 168,642\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 83,321\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7126\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8060\clvertalb\cellx8300\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8624\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9566\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\b\ql LIABILITIES AND STOCKHOLDERS' EQUITY\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\b\ql CURRENT LIABILITIES:\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Accounts payable\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 12,800\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 11,008\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Income tax payable\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 2,413\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 780\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Accrued expenses and other current liabilities\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 27,446\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 21,410\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7126\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8060\clvertalb\cellx8300\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8624\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9566\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Current portion of long term debt, net of unamortized debt issuance costs\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 5,072\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 3,687\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7126\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8060\clvertalb\cellx8300\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8624\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9566\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li264\cf1\f51\fs16\ql Total current liabilities\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 47,731\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 36,885\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Long term debt, net of unamortized debt issuance costs (Note 8)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 89,905\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 30,790\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Deferred income taxes\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 266\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 953\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7126\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8060\clvertalb\cellx8300\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8624\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9566\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Unrecognized tax positions\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 3,439\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 2,932\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7126\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8060\clvertalb\cellx8300\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8624\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9566\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql Total liabilities\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 141,341\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 71,560\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\b\ql COMMITMENTS AND CONTINGENCIES\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\b\ql STOCKHOLDERS' EQUITY:\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh396 \pard\plain\intbl\li132\cf1\f51\fs16\ql Common stock, $.01 par value per share\~\u8212? authorized, 100,000,000 shares; issued and\plain\intbl\li132\cf1\f51\fs16\ql outstanding, 18,679,131 shares at December\~31,\~2017 and 18,637,445 shares at June\~30, 2017\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 187\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 186\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clvertalb\cellx7126\clvertalb\cellx8060\clvertalb\cellx8300\clvertalb\cellx8624\clvertalb\cellx9566\clvertalb\cellx9688\trrh396\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Additional paid-in capital\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 113,429\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 112,945\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7126\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8060\clvertalb\cellx8300\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8624\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9566\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Accumulated deficit\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (86,315)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (101,370)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7126\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8060\clvertalb\cellx8300\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8624\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9566\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql Total stockholders' equity\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 27,301\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 11,761\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6380\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7126\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8300\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8624\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9566\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7126\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8060\clvertalb\cellx8300\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8624\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9566\clvertalb\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql Total liabilities and stockholders' equity\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 168,642\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri44\cf1\f51\fs16\qr 83,321\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx6380\clvertalb\cellx6620\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7126\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8060\clvertalb\cellx8300\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8624\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9566\clvertalb\cellx9688\trrh198\row}}}\pard\plain\cf1\f51\fs18\qc \~\par\pard\plain\cf1\f51\fs20\i\qc The notes form an integral part of the condensed consolidated financial statements.\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\sb528\cf1\f51\fs20\qc 5\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\b\qc MCBC HOLDINGS,\~INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF{\*\bkmkstart stockholders_deficit_12035971}{\*\bkmkend stockholders_deficit_12035971}\plain\cf1\f51\fs20\b\qc STOCKHOLDERS\u8217? EQUITY\~\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\qc \~ \par\pard\plain {\trowd\trqc\clvertalb\cellx2627\clvertalb\cellx2892\clvertalb\cellx3787\clvertalb\cellx4156\clvertalb\cellx4581\clvertalb\cellx5245\clvertalb\cellx5535\clvertalb\cellx5987\clvertalb\cellx6660\clvertalb\cellx6950\clvertalb\cellx7569\clvertalb\cellx8358\clvertalb\cellx8648\clvertalb\cellx8963\clvertalb\cellx9543\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2627\clvertalb\cellx2892\clvertalb\cellx3787\clvertalb\cellx4156\clvertalb\cellx4581\clvertalb\cellx5245\clvertalb\cellx5535\clvertalb\cellx5987\clvertalb\cellx6660\clvertalb\cellx6950\clvertalb\cellx7569\clvertalb\cellx8358\clvertalb\cellx8648\clvertalb\cellx8963\clvertalb\cellx9543\clvertalb\cellx9688\trrh66\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2627\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2892\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx3787\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4156\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4581\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5245\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5535\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6660\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6950\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7569\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8358\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8648\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8963\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9543\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc Additional\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2627\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2892\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx3787\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4156\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4581\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5245\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5535\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6660\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6950\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7569\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8358\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8648\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8963\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9543\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2627\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2892\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5246\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5536\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6661\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6951\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8360\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8650\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8965\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9545\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc Common\~Stock\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc Paid-in\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc Accumulated\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2627\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2892\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5246\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5536\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6661\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6951\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8360\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8650\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8965\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9545\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2627\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2892\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx3787\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4156\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5245\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5535\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6660\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6950\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8359\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8649\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9544\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc Shares\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc Amount\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc Capital\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc Deficit\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\b\qc Total\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2627\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2892\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx3787\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4156\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5245\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5535\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6660\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6950\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8359\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8649\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9544\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2627\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2892\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3787\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4581\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5245\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5535\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5987\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6660\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6950\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7569\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8358\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8648\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8963\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9543\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs18\b\ql Balance at June 30, 2017\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,637,445\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 186\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 112,945\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\cf1\f51\fs18\qr (101,370)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 11,761\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2627\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2892\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3787\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4581\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5245\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5535\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5987\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6660\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6950\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7569\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8358\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8648\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8963\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9543\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx2627\clvertalb\cellx2892\clvertalb\cellx3787\clvertalb\cellx4156\clvertalb\cellx4581\clvertalb\cellx5245\clvertalb\cellx5535\clvertalb\cellx5987\clvertalb\cellx6660\clvertalb\cellx6950\clvertalb\cellx7569\clvertalb\cellx8358\clvertalb\cellx8648\clvertalb\cellx8963\clvertalb\cellx9543\clvertalb\cellx9688\trrh446 \pard\plain\intbl\cf1\f51\fs18\ql Equity-based compensation\plain\intbl\cf1\f51\fs18\ql activity\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 41,686\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~1\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 484\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 485\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2627\clvertalb\cellx2892\clvertalb\cellx3787\clvertalb\cellx4156\clvertalb\cellx4581\clvertalb\cellx5245\clvertalb\cellx5535\clvertalb\cellx5987\clvertalb\cellx6660\clvertalb\cellx6950\clvertalb\cellx7569\clvertalb\cellx8358\clvertalb\cellx8648\clvertalb\cellx8963\clvertalb\cellx9543\clvertalb\cellx9688\trrh446\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2627\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2892\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3787\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4581\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5245\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5535\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5987\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6660\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6950\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7569\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8358\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8648\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8963\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9543\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs18\ql Net income\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 15,055\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 15,055\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2627\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2892\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3787\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4581\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5245\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5535\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5987\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6660\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6950\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7569\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8358\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8648\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8963\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9543\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx2627\clvertalb\cellx2892\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3787\clvertalb\cellx4156\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4581\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5245\clvertalb\cellx5535\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5987\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6660\clvertalb\cellx6950\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7569\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8358\clvertalb\cellx8648\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8963\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9543\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs18\b\ql Balance at December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,679,131\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 187\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 113,429\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\cf1\f51\fs18\qr (86,315)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 27,301\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2627\clvertalb\cellx2892\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3787\clvertalb\cellx4156\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4581\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5245\clvertalb\cellx5535\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5987\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6660\clvertalb\cellx6950\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7569\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8358\clvertalb\cellx8648\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8963\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9543\clvertalb\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\i\qc The notes form an integral part of the condensed consolidated financial statements.\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\sb528\cf1\f51\fs20\qc 6\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\b\qc MCBC HOLDINGS,\~INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF{\*\bkmkstart cash_flows_12035971}{\*\bkmkend cash_flows_12035971}\plain\cf1\f51\fs20\b\qc CASH FLOWS\par\pard\plain\cf1\f51\fs20\i\qc \~\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs18\qc \~ \par\pard\plain {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh66\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5905\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6145\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Six Months Ended\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5905\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6145\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5905\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6145\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7821\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8061\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc January\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5905\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6145\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7821\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8061\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\b\ql CASH FLOWS FROM OPERATING ACTIVITIES:\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql Net income\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 15,055\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 11,014\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql Adjustments to reconcile net income to net cash provided by operating activities:\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Depreciation and amortization\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 2,210\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 1,622\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Inventory obsolescence reserve\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (322)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 221\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Deferred issuance costs\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 235\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 185\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Stock-based compensation\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 528\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 305\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Unrecognized tax benefits\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 258\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 307\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Deferred income taxes\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (604)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 2,102\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Net provision of doubtful accounts\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (21)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 30\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Changes in operating assets and liabilities:\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li264\cf1\f51\fs16\ql Accounts receivable\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 3,377\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 472\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li264\cf1\f51\fs16\ql Inventories\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 101\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 1,682\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li264\cf1\f51\fs16\ql Prepaid expenses and other current assets\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (489)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (242)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li264\cf1\f51\fs16\ql Income tax receivable\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (576)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li264\cf1\f51\fs16\ql Other assets\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (11)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li264\cf1\f51\fs16\ql Accounts payable\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (849)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (1,609)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li264\cf1\f51\fs16\ql Income tax payable\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 1,633\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (749)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6831\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7820\clvertalb\cellx8060\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8644\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li264\cf1\f51\fs16\ql Accrued expenses and other current liabilities\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 1,351\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (1,843)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6831\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7820\clvertalb\cellx8060\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8644\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li396\cf1\f51\fs16\ql Net cash provided by operating activities\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 22,452\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 12,921\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\b\ql CASH FLOWS FROM INVESTING ACTIVITIES:\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Disposal of assets\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 96\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Payment for acquisition, net of cash acquired\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (79,128)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6831\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7820\clvertalb\cellx8060\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8644\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Purchases of property and equipment\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (1,474)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (1,060)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6831\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7820\clvertalb\cellx8060\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8644\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li396\cf1\f51\fs16\ql Net cash used in investing activities\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (80,506)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (1,060)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\b\ql CASH FLOWS FROM FINANCING ACTIVITIES:\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Proceeds from issuance of long-term debt\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 80,832\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Payments of costs directly associated with offerings\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (254)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Cash paid for withholding taxes on vested stock\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (43)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Excess tax benefits\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 312\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Principal payments on long-term debt\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (19,201)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (2,500)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Payments on revolving line of credit\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (3,126)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6831\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7820\clvertalb\cellx8060\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8644\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Payments of deferred financing costs\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (1,322)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6831\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7820\clvertalb\cellx8060\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8644\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li396\cf1\f51\fs16\ql Net cash used in financing activities\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 60,266\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr (5,568)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql NET CHANGE IN CASH AND CASH EQUIVALENTS\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 2,212\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 6,293\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6831\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7820\clvertalb\cellx8060\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8644\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql CASH AND CASH EQUIVALENTS\~\u8212? BEGINNING OF PERIOD\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 4,038\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 73\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6831\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7820\clvertalb\cellx8060\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8644\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql CASH AND CASH EQUIVALENTS\~\u8212? END OF PERIOD\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 6,250\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 6,366\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Cash payments for interest\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 1,383\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 915\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Cash payments for income taxes\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 3,872\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 5,148\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7820\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8644\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198 \pard\plain\intbl\li132\cf1\f51\fs16\ql Accrued working capital adjustment - NauticStar acquisition\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr 1,383\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs16\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5905\clvertalb\cellx6145\clvertalb\cellx6831\clvertalb\cellx7820\clvertalb\cellx8060\clvertalb\cellx8644\clvertalb\cellx9546\clvertalb\cellx9688\trrh198\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\i\qc The notes form an integral part of the condensed consolidated financial statements.\par\pard\plain\cf1\f51\fs12\qj \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\sb528\cf1\f51\fs20\qc 7\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MCBC HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\b\qj 1.OR{\*\bkmkstart notestoconsolidatedfinancialstat}{\*\bkmkend notestoconsolidatedfinancialstat}\plain\cf1\f51\fs20\b\qj GANIZATION AND NATURE OF BUSINESS\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj MCBC Holdings,\~Inc. (the \u8220?Company\u8221?) was formed on January\~28, 2000, as a Delaware holding\plain\cf1\f51\fs20\qj company and operates primarily through its wholly owned subsidiaries, MasterCraft Boat Company,\~LLC; Nautic\plain\cf1\f51\fs20\qj Star, LLC; MasterCraft Services,\~Inc.; MasterCraft Parts,\~Ltd.; and MasterCraft International Sales\plain\cf1\f51\fs20\qj Administration,\~Inc. The Company and its subsidiaries collectively are referred to herein as the\plain\cf1\f51\fs20\qj \u8220?Company\u8221?.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj On October 2, 2017, the Company acquired all of the outstanding membership interests and other equity securities\plain\cf1\f51\fs20\qj of Nautic Star, LLC, a Mississippi limited liability company (\u8220?NauticStar\u8221?). As a result of the\plain\cf1\f51\fs20\qj acquisition, the Company consolidated the financial results of NauticStar. See Note 3: Acquisition. The Company\plain\cf1\f51\fs20\qj reports its results of operations under two reportable segments: MasterCraft and NauticStar, based on their boat\plain\cf1\f51\fs20\qj manufacturing operations.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The Company is a designer and manufacturer of premium inboard tournament ski boats and luxury performance\plain\cf1\f51\fs20\qj V-drive runabouts under the MasterCraft brand and salt water fishing and general recreational boats under the\plain\cf1\f51\fs20\qj NauticStar brand. The Company also leases a parts warehouse in the United Kingdom to expedite service, primarily\plain\cf1\f51\fs20\qj to MasterCraft dealers and customers in Europe.{\*\bkmkstart _hlk480983299_12035971}{\*\bkmkend _hlk480983299_12035971}\par\pard\plain\sb264\cf1\f51\fs20\b\qj 2.BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The Company\u8217?s fiscal year begins July 1 and ends June 30, with the interim quarterly reporting periods\plain\cf1\f51\fs20\qj consisting of 13 weeks. Therefore, the quarter end will not always coincide with the date of the end of the calendar\plain\cf1\f51\fs20\qj month.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The information furnished in the condensed consolidated financial statements includes normal recurring adjustments\plain\cf1\f51\fs20\qj and reflects all adjustments, which are, in the opinion of management, necessary for a fair presentation of the results\plain\cf1\f51\fs20\qj of operations and statements of financial position for the interim periods presented. Certain information and footnote\plain\cf1\f51\fs20\qj disclosures normally included in annual consolidated financial statements prepared in accordance with accounting\plain\cf1\f51\fs20\qj principles generally accepted in the United States of America (\u8220?U.S. GAAP\u8221?) and the applicable rules\plain\cf1\f51\fs20\qj and regulations of the U.S. Securities and Exchange Commission (\u8220?SEC\u8221?) for financial information\plain\cf1\f51\fs20\qj have been condensed or omitted pursuant to such rules and regulations. The June\~30, 2017 condensed consolidated\plain\cf1\f51\fs20\qj balance sheet data was derived from the audited financial statements but does not include all disclosures required by\plain\cf1\f51\fs20\qj U.S. GAAP for complete financial statements. However, management believes that the disclosures in these\plain\cf1\f51\fs20\qj condensed consolidated financial statements are adequate to make the information presented not misleading. These\plain\cf1\f51\fs20\qj condensed consolidated financial statements should be read in conjunction with the Company\u8217?s consolidated\plain\cf1\f51\fs20\qj financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended June\plain\cf1\f51\fs20\qj 30, 2017. \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The unaudited condensed consolidated financial statements have been prepared on the same basis as the\plain\cf1\f51\fs20\qj Company\u8217?s audited consolidated financial statements for the year ended June 30, 2017 and, in the opinion of\plain\cf1\f51\fs20\qj management, reflect all adjustments considered necessary to present fairly the Company\u8217?s financial position\plain\cf1\f51\fs20\qj as of December 31,\~2017 and results of its operations, and its cash flows for the six months ended December\plain\cf1\f51\fs20\qj 31,\~2017 and January 1,\~2017 and statement of shareholders\u8217? equity for the six months ended December\plain\cf1\f51\fs20\qj 31,\~2017. All adjustments are of a normal recurring nature. Our\par\pard\plain\sb528\cf1\f51\fs20\qc 8\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MCBC HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\cf1\f51\fs20\qj interim operating results for the six months ended December 31, 2017 and January 1, 2017 are not necessarily\plain\cf1\f51\fs20\qj indicative of the results to be expected in future operating quarters.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj There have been no changes in the Company\u8217?s significant accounting policies or critical accounting estimates\plain\cf1\f51\fs20\qj for the six months ended December 31,\~2017 as compared with the significant accounting policies described in the\plain\cf1\f51\fs20\qj Company\u8217?s audited consolidated financial statements for the financial year ended June\~30, 2017.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\b\qj New Accounting Pronouncements Issued But Not Yet Adopted\plain\cf1\f51\fs20\qj \u8212?In February 2016, the Financial\plain\cf1\f51\fs20\qj Accounting Standards Board (the \u8220?FASB\u8221?) issued Accounting Standards Update (\u8220?ASU\u8221?)\plain\cf1\f51\fs20\qj No. 2016-02,\plain\cf1\f51\fs20\i\qj Leases\plain\cf1\f51\fs20\qj \~\plain\cf1\f51\fs20\i\qj (Topic 842)\plain\cf1\f51\fs20\qj . This guidance establishes a right-of-use (\u8220?ROU\u8221?) model that\plain\cf1\f51\fs20\qj requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer\plain\cf1\f51\fs20\qj than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of\plain\cf1\f51\fs20\qj expense recognition in the income statement. The new standard is effective for fiscal years beginning after\plain\cf1\f51\fs20\qj December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach\plain\cf1\f51\fs20\qj is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest\plain\cf1\f51\fs20\qj comparative period presented in the financial statements, with certain practical expedients available. The Company\plain\cf1\f51\fs20\qj is currently evaluating the impact this new guidance is expected to have on its financial position or results of\plain\cf1\f51\fs20\qj operations and related disclosures.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj In May 2014, the FASB and International Accounting Standards Board jointly issued ASU 2014-09\plain\cf1\f51\fs20\i\qj , Revenue from\plain\cf1\f51\fs20\i\qj Contracts with Customers (Topic 606)\plain\cf1\f51\fs20\qj , which includes new principles-based accounting guidance for revenue\plain\cf1\f51\fs20\qj recognition that will supersede virtually all existing revenue guidance. The core principle of this guidance is that an\plain\cf1\f51\fs20\qj entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that\plain\cf1\f51\fs20\qj reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. To\plain\cf1\f51\fs20\qj achieve the core principle, the guidance establishes the following five steps: 1)\~identify the contract(s) with a\plain\cf1\f51\fs20\qj customer, 2)\~identify the performance obligation in the contract, 3)\~determine the transaction price, 4)\~allocate the\plain\cf1\f51\fs20\qj transaction price to the performance obligations in the contract, and 5)\~recognize revenue when (or as) the entity\plain\cf1\f51\fs20\qj satisfies a performance obligation. The guidance also details the accounting treatment for costs to obtain or fulfill a\plain\cf1\f51\fs20\qj contract. Lastly, disclosure requirements have been enhanced to provide sufficient information to enable users of\plain\cf1\f51\fs20\qj financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising\plain\cf1\f51\fs20\qj from contracts with customers. In July 2015, the FASB announced that the implementation date would be delayed\plain\cf1\f51\fs20\qj by one year.\~During 2016, the FASB issued certain amendments to clarify and improve the implementation of the\plain\cf1\f51\fs20\qj guidance in ASU 2014-09. The effective date and transition requirements for these amendments and ASU 2014-09\plain\cf1\f51\fs20\qj are now for annual and interim periods beginning after December 15, 2017.\~ The Company will adopt this guidance\plain\cf1\f51\fs20\qj for our fiscal year beginning July 1, 2018.\~\~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The Company is continuing to assess the potential effects of ASU 2014-09 on its consolidated financial statements,\plain\cf1\f51\fs20\qj business processes, systems and controls. The Company plans to use the modified retrospective approach in\plain\cf1\f51\fs20\qj applying the new standard. Based on the Company\u8217?s progress, it expects an impact from the new standard\plain\cf1\f51\fs20\qj for dealers who are offered retail promotions which are currently recorded at the later of when the program has\plain\cf1\f51\fs20\qj been communicated to the dealer or at the time of sale. Under the new standard, the Company expects these retail\plain\cf1\f51\fs20\qj promotions to be recognized at the time of sale to a dealer. As a result, the Company expects a change in the\plain\cf1\f51\fs20\qj timing of recording retail promotions and rebates; however, it does not expect a change in the total amount of\plain\cf1\f51\fs20\qj cumulative revenue recognized for each transaction. Any potential effect\par\pard\plain\sb528\cf1\f51\fs20\qc 9\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MCBC HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\cf1\f51\fs20\qj of adoption of this ASU has not yet been quantified. Additionally, the Company\u8217?s expectations may change\plain\cf1\f51\fs20\qj as its implementation progresses.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj In January 2017, the FASB issued ASU 2017-01,\plain\cf1\f51\fs20\i\qj Business Combinations (Topic 805): Clarifying the Definition of\plain\cf1\f51\fs20\i\qj a Business\plain\cf1\f51\fs20\qj . The guidance clarifies the definition of a business that provides a two-step analysis in the determination\plain\cf1\f51\fs20\qj of whether an acquisition or derecognition is a business or an asset. The update removes the evaluation of whether a\plain\cf1\f51\fs20\qj market participant could replace any missing elements and provides a framework to assist entities in evaluating\plain\cf1\f51\fs20\qj whether both an input and a substantive process are present. This guidance is effective for annual reporting periods\plain\cf1\f51\fs20\qj beginning after December 15, 2017, including interim periods within those annual reporting periods and early\plain\cf1\f51\fs20\qj adoption is permitted for transactions that meet specified criteria. This guidance is to be applied on a prospective\plain\cf1\f51\fs20\qj basis for transactions that occur after the effective date.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj In January\~2017, the FASB issued ASU\~2017-04\plain\cf1\f51\fs20\i\qj ,\~Intangibles\u8212?Goodwill and Other (Topic 350): Simplifying\plain\cf1\f51\fs20\i\qj the Test for Goodwill Impairment.\plain\cf1\f51\fs20\qj This guidance eliminates Step 2 from the goodwill impairment test. Instead, an\plain\cf1\f51\fs20\qj entity should recognize an impairment charge for the amount by which the carrying value exceeds the reporting\plain\cf1\f51\fs20\qj unit\u8217?s fair value, not to exceed the total amount of goodwill allocated to that reporting unit. ASU 2017-04 is\plain\cf1\f51\fs20\qj effective for annual reporting periods, and interim periods therein, beginning after December\~15, 2019. The\plain\cf1\f51\fs20\qj Company is currently evaluating the effect that the adoption of this new guidance is expected to have on our\plain\cf1\f51\fs20\qj financial position or results of operations and related disclosures.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj In May\~2017, the FASB issued ASU 2017-09\plain\cf1\f51\fs20\i\qj ,\~Compensation\u8212?Stock Compensation (Topic 718): Scope of\plain\cf1\f51\fs20\i\qj Modification Accounting.\plain\cf1\f51\fs20\qj This guidance provides clarity and reduces complexity when applying the guidance in\plain\cf1\f51\fs20\qj Topic 718,\plain\cf1\f51\fs20\i\qj Compensation\u8212?Stock Compensation\plain\cf1\f51\fs20\qj to a change to the term or condition of a share-based\plain\cf1\f51\fs20\qj payment. ASU 2017-09 is effective for annual reporting periods, and interim periods therein, beginning after\plain\cf1\f51\fs20\qj December\~15, 2017. The Company is currently evaluating the effect that the adoption of this new guidance is\plain\cf1\f51\fs20\qj expected to have on our financial position or results of operations and related disclosures.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\b\qj New Accounting Pronouncements Issued And Adopted\~\plain\cf1\f51\fs20\qj \u8212? In July 2015, the FASB issued ASU\plain\cf1\f51\fs20\qj 2015-11,\~\plain\cf1\f51\fs20\i\qj Simplifying the Measurement of Inventory\plain\cf1\f51\fs20\qj .\~ This ASU changes the measurement principle for inventories\plain\cf1\f51\fs20\qj valued under the FIFO or weighted-average methods from the lower of cost or market to the lower of cost and net\plain\cf1\f51\fs20\qj realizable value.\~ Net realizable value is defined by the FASB as estimated selling prices in the ordinary course of\plain\cf1\f51\fs20\qj business, less reasonably predictable costs of completion, disposal and transportation. This ASU is effective for\plain\cf1\f51\fs20\qj annual reporting periods beginning after December 15, 2016, and interim periods within those annual periods with\plain\cf1\f51\fs20\qj early adoption permitted.\~The Company adopted the provisions of ASU 2015-11 on a prospective basis during the\plain\cf1\f51\fs20\qj first quarter of fiscal year 2018. The adoption of this ASU did not have an impact on our financial position or\plain\cf1\f51\fs20\qj results of operations and related disclosures.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj In March 2016, the FASB issued ASU 2016-09,\plain\cf1\f51\fs20\i\qj Compensation \u8211? Stock Compensation (Topic 718):\plain\cf1\f51\fs20\i\qj Improvements to Employee Share-Based Payment Accounting\plain\cf1\f51\fs20\qj . This guidance identifies areas for simplification\plain\cf1\f51\fs20\qj involving several aspects of accounting for share-based payment transactions, including the income tax\plain\cf1\f51\fs20\qj consequences, classification of awards as either equity or liabilities, an option to recognize gross stock compensation\plain\cf1\f51\fs20\qj expense with actual forfeitures recognized as they occur, as well as certain classifications on the statement of cash\plain\cf1\f51\fs20\qj flows. This ASU is effective for annual reporting periods\~beginning after December 15, 2016, and interim periods\plain\cf1\f51\fs20\qj within those annual periods with early adoption\par\pard\plain\sb528\cf1\f51\fs20\qc 10\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MCBC HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\cf1\f51\fs20\qj permitted.\~The Company adopted the provisions of ASU 2016-1 on a prospective basis during the first quarter of\plain\cf1\f51\fs20\qj fiscal year 2018. The adoption of this ASU did not have an impact on our financial position or results of operations\plain\cf1\f51\fs20\qj and related disclosures.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj There are no other recently issued accounting pronouncements that are expected to have a material impact on our\plain\cf1\f51\fs20\qj financial position or results of operations and related disclosures.\par\pard\plain\cf1\f51\fs24\qj \~\par\pard\plain\cf1\f51\fs20\b\qj 3. ACQUISITION\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj On October 2, 2017, the Company completed its acquisition of NauticStar. The purchase price was $80,511,\plain\cf1\f51\fs20\qj including customary adjustments for the amount of working capital in the acquired business at the closing date. A\plain\cf1\f51\fs20\qj portion of the purchase price was deposited into an escrow account in order to secure certain post-closing\plain\cf1\f51\fs20\qj obligations of the former members of NauticStar. The Company accounted for the transaction using the acquisition\plain\cf1\f51\fs20\qj method in accordance with ASC 805,\plain\cf1\f51\fs20\i\qj Business Combinations\plain\cf1\f51\fs20\qj .\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The total consideration has been allocated to the assets acquired and liabilities assumed based on preliminary\plain\cf1\f51\fs20\qj estimates of their fair values as of the date of acquisition. Because of the complexities involved with performing the\plain\cf1\f51\fs20\qj valuation, the Company has recorded the tangible and intangible assets acquired and liabilities assumed based on\plain\cf1\f51\fs20\qj their preliminary fair values as of October 2, 2017. The preliminary measurements of fair value were based upon\plain\cf1\f51\fs20\qj estimates utilizing the assistance of third party valuation specialists, and are subject to change. The Company\plain\cf1\f51\fs20\qj expects the valuation of tangible and intangible assets and working capital adjustments to be finalized during the\plain\cf1\f51\fs20\qj second half of fiscal 2018.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\sb528\cf1\f51\fs20\qc 11\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MCBC HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\cf1\f51\fs20\qj The following table summarizes the preliminary purchase price allocation based on the estimated fair values of the\plain\cf1\f51\fs20\qj assets acquired and liabilities assumed of NauticStar at the acquisition date:\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalb\cellx7023\clvertalb\cellx7458\clvertalb\cellx9444\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clvertalb\cellx7023\clvertalb\cellx7458\clvertalb\cellx9444\clvertalb\cellx9688\trrh66\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7023\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7458\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9444\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\b\ql Purchase Price:\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7023\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7458\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9444\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Cash paid, net of cash acquired\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 79,128\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx7023\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7458\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9444\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Accrued working capital adjustment\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,383\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\cellx7023\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7458\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9444\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 80,511\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalb\cellx7023\clvertalb\cellx7458\clvertalb\cellx9444\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clvertalb\cellx7023\clvertalb\cellx7458\clvertalb\cellx9444\clvertalb\cellx9688\trrh66\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7023\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7458\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9444\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh495 \pard\plain\intbl\cf1\f51\fs20\b\ql Recognized preliminary amounts of identifiable assets acquired and (liabilities\plain\intbl\cf1\f51\fs20\b\ql assumed), at fair value:\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7023\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7458\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9444\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh495\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Accounts receivable\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,773\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx7023\clvertalb\cellx7458\clvertalb\cellx9444\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Inventories\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 6,426\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\cellx7023\clvertalb\cellx7458\clvertalb\cellx9444\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Other current assets\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 94\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx7023\clvertalb\cellx7458\clvertalb\cellx9444\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Indemnification asset\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 166\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\cellx7023\clvertalb\cellx7458\clvertalb\cellx9444\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Deferred income taxes\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 83\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx7023\clvertalb\cellx7458\clvertalb\cellx9444\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Property, Plant and equipment\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 4,945\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\cellx7023\clvertalb\cellx7458\clvertalb\cellx9444\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Identifiable intangible assets\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 36,000\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx7023\clvertalb\cellx7458\clvertalb\cellx9444\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Current liabilities\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (5,952)\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\cellx7023\clvertalb\cellx7458\clvertalb\cellx9444\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Unrecognized tax positions\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (249)\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx7023\clvertalb\cellx7458\clvertalb\cellx9444\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Preliminary estimate of the fair value of assets acquired and liabilities assumed\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 43,286\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\cellx7023\clvertalb\cellx7458\clvertalb\cellx9444\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Goodwill\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 37,225\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7023\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7458\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx7023\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7458\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9444\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 80,511\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx7023\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7458\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9444\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The preliminary fair value estimates for the Company\u8217?s identifiable intangible assets acquired as part of the\plain\cf1\f51\fs20\qj acquisition are as follows:\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalb\cellx5347\clvertalb\cellx5674\clvertalb\cellx7146\clvertalb\cellx7473\clvertalb\cellx7632\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clvertalb\cellx5347\clvertalb\cellx5674\clvertalb\cellx7146\clvertalb\cellx7473\clvertalb\cellx7632\clvertalb\cellx9688\trrh66\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5347\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7473\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7632\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Estimates of Fair Value\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Estimated Useful Life\plain\intbl\cf1\f51\fs20\b\qc (in years)\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5347\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7473\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7632\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh495\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5347\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5674\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Definite-lived intangible:\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5347\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5674\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx5347\clvertalb\cellx5674\clvertalb\cellx7146\clvertalb\cellx7473\clvertalb\cellx7632\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~Dealer network\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 20,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 10\cell{ {\trowd\clvertalb\cellx5347\clvertalb\cellx5674\clvertalb\cellx7146\clvertalb\cellx7473\clvertalb\cellx7632\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5347\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5674\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Indefinite-lived intangible:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5347\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5674\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx5347\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5674\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7146\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7473\clvertalb\cellx7632\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~Trade name\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 16,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx5347\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5674\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7146\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7473\clvertalb\cellx7632\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5347\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5674\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7146\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\b\ql \~\~\~\~\~\~\~Total identifiable intangible assets\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 36,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5347\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5674\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7146\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The value allocated to inventories reflects the estimated fair value of the acquired inventory based on the expected\plain\cf1\f51\fs20\qj sales price of the inventory, less an estimated cost to complete and a reasonable profit margin. The value allocated\plain\cf1\f51\fs20\qj to accounts receivable represents the estimated fair value of the acquired receivables based on the expected\plain\cf1\f51\fs20\qj collection of those receivables, less an estimated allowance for bad debts. The fair value of the identifiable\plain\cf1\f51\fs20\qj intangible assets were determined based on the following approaches:\par\pard\plain\cf1\f51\fs20\qj \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh1238 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Dealer Network - The value associated with NauticStar\u8217?s dealer network is attributed to its long\plain\intbl\cf1\f51\fs20\qj standing dealer distribution network. The estimate of fair value assigned to this asset was determined using\plain\intbl\cf1\f51\fs20\qj the income approach, which requires an estimate or forecast of the expected future cash flows from the\plain\intbl\cf1\f51\fs20\qj dealer network through the application of the multi-period excess earnings approach. The estimated\plain\intbl\cf1\f51\fs20\qj remaining useful life of dealer network is approximately ten years.\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh1238\row}}}\pard\plain\sb528\cf1\f51\fs20\qc 12\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MCBC HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\li792\cf1\f51\fs20\qj \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh765 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Trade Name - The value attributed to NauticStar\u8217?s trade name was determined using the relief from\plain\intbl\cf1\f51\fs20\qj royalty method, a variation of the income approach, which requires an estimate or forecast of the expected\plain\intbl\cf1\f51\fs20\qj future cash flows. The trade name has an indefinite life.\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh765\row}}}\pard\plain\li792\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The fair value of the definite-lived intangible asset is being amortized using the straight-line method to\plain\cf1\f51\fs20\qj amortization of intangible assets expense over the estimated useful life. Indefinite-lived intangible assets are not\plain\cf1\f51\fs20\qj amortized, but instead are evaluated for potential impairment on an annual basis in accordance with the provisions\plain\cf1\f51\fs20\qj of ASC Topic 350,\~\plain\cf1\f51\fs20\i\qj Intangibles\u8212?Goodwill and Other\plain\cf1\f51\fs20\qj . The weighted average useful life of identifiable\plain\cf1\f51\fs20\qj definite-lived intangible assets acquired was 10.0 years. Goodwill of $37,225 arising from the acquisition consists\plain\cf1\f51\fs20\qj of future growth prospects including dealer expansion into new geographic markets and capacity expansion as well\plain\cf1\f51\fs20\qj as intangible assets that do not qualify for separate recognition. The indefinite-lived intangible asset and goodwill\plain\cf1\f51\fs20\qj acquired are expected to be deductible for income tax purposes.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Acquisition and integration related costs of $1,486, which were incurred by the Company during the first half of\plain\cf1\f51\fs20\qj fiscal 2018, were expensed in the period incurred, and are included in general and administrative expenses in the\plain\cf1\f51\fs20\qj consolidated statement of operations and comprehensive income for the three and six months ended December 31,\plain\cf1\f51\fs20\qj 2017.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Pro Forma Financial Information:\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The following unaudited pro forma consolidated results of operations for the three and six months ended December\plain\cf1\f51\fs20\qj 31, 2017 and three and six months ended January 1, 2017, assumes that the acquisition of NauticStar occurred as of\plain\cf1\f51\fs20\qj July 1, 2016. The unaudited pro forma financial information combines historical results of MasterCraft and\plain\cf1\f51\fs20\qj NauticStar, with adjustments for depreciation and amortization attributable to preliminary fair value estimates on\plain\cf1\f51\fs20\qj acquired tangible and intangible assets for the respective periods. Non-recurring pro forma adjustments associated\plain\cf1\f51\fs20\qj with the fair value step up of inventory were included in the reported pro forma cost of sales and earnings. The\plain\cf1\f51\fs20\qj unaudited pro forma financial information is presented for informational purposes only and is not indicative of the\plain\cf1\f51\fs20\qj results of operations that would have been achieved if the acquisition had taken place at the beginning of fiscal year\plain\cf1\f51\fs20\qj 2017 or the results that may occur in the future: \par\pard\plain {\trowd\clvertalb\cellx2138\clvertalb\cellx2428\clvertalb\cellx3114\clvertalb\cellx4069\clvertalb\cellx4359\clvertalb\cellx4943\clvertalb\cellx5877\clvertalb\cellx6167\clvertalb\cellx6853\clvertalb\cellx7831\clvertalb\cellx8121\clvertalb\cellx8705\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clvertalb\cellx2138\clvertalb\cellx2428\clvertalb\cellx3114\clvertalb\cellx4069\clvertalb\cellx4359\clvertalb\cellx4943\clvertalb\cellx5877\clvertalb\cellx6167\clvertalb\cellx6853\clvertalb\cellx7831\clvertalb\cellx8121\clvertalb\cellx8705\clvertalb\cellx9688\trrh66\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2138\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2428\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5879\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6169\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9687\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Three Months Ended\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Six Months Ended\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2138\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2428\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5879\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6169\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9687\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2138\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2428\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4069\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4359\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5878\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6168\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7832\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8122\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9684\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc January\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc January\~1,\~2017\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2138\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2428\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4069\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4359\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5878\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6168\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7832\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8122\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9684\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2138\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx3114\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4069\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4359\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4943\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5877\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6167\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6853\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7831\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8121\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8705\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2138\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2428\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx3114\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4069\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4359\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4943\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5877\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6167\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6853\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7831\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8121\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8705\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2138\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2428\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3114\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4069\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4359\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4943\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5877\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6167\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6853\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8121\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8705\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Net sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 78,435\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 68,286\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 161,553\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 146,400\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2138\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2428\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3114\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4069\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4359\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4943\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5877\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6167\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6853\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8121\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8705\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx2138\clvertalb\cellx2428\clvertalb\cellx3114\clvertalb\cellx4069\clvertalb\cellx4359\clvertalb\cellx4943\clvertalb\cellx5877\clvertalb\cellx6167\clvertalb\cellx6853\clvertalb\cellx7831\clvertalb\cellx8121\clvertalb\cellx8705\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Net income\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 8,876\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 4,293\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 16,981\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 10,797\cell{ {\trowd\clvertalb\cellx2138\clvertalb\cellx2428\clvertalb\cellx3114\clvertalb\cellx4069\clvertalb\cellx4359\clvertalb\cellx4943\clvertalb\cellx5877\clvertalb\cellx6167\clvertalb\cellx6853\clvertalb\cellx7831\clvertalb\cellx8121\clvertalb\cellx8705\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2138\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2428\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3114\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4069\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4359\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4943\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5877\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6167\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6853\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8121\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8705\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Basic earnings per share\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.48\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.23\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.91\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.58\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2138\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2428\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3114\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4069\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4359\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4943\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5877\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6167\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6853\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8121\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8705\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx2138\clvertalb\cellx2428\clvertalb\cellx3114\clvertalb\cellx4069\clvertalb\cellx4359\clvertalb\cellx4943\clvertalb\cellx5877\clvertalb\cellx6167\clvertalb\cellx6853\clvertalb\cellx7831\clvertalb\cellx8121\clvertalb\cellx8705\clvertalb\cellx9688\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql Diluted earnings per\plain\intbl\cf1\f51\fs20\ql share\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.47\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.23\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.91\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.58\cell{ {\trowd\clvertalb\cellx2138\clvertalb\cellx2428\clvertalb\cellx3114\clvertalb\cellx4069\clvertalb\cellx4359\clvertalb\cellx4943\clvertalb\cellx5877\clvertalb\cellx6167\clvertalb\cellx6853\clvertalb\cellx7831\clvertalb\cellx8121\clvertalb\cellx8705\clvertalb\cellx9688\trrh495\row}}}\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\sb528\cf1\f51\fs20\qc 13\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MCBC HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\sb220\cf1\f51\fs20\b\qj 4.INVENTORIES\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Inventories consisted of the following:\par\pard\plain\cf1\f51\fs20\qj \~ \par\pard\plain {\trowd\trqc\clvertalb\cellx4924\clvertalb\cellx5114\clvertalb\cellx5967\clvertalb\cellx7202\clvertalb\cellx7492\clvertalb\cellx8317\clvertalb\cellx9546\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\trqc\clvertalb\cellx4924\clvertalb\cellx5114\clvertalb\cellx5967\clvertalb\cellx7202\clvertalb\cellx7492\clvertalb\cellx8317\clvertalb\cellx9546\clvertalb\cellx9688\trrh66\row}}} {\trowd\trqc\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4924\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5114\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7202\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7492\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~June\~30,\~2017\~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell{ {\trowd\trqc\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4924\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5114\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7202\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7492\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4924\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5114\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7202\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7492\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8317\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Raw materials and supplies\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 11,550\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 7,164\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4924\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5114\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7202\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7492\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8317\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx4924\clvertalb\cellx5114\clvertalb\cellx5967\clvertalb\cellx7202\clvertalb\cellx7492\clvertalb\cellx8317\clvertalb\cellx9546\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Work in process\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,670\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,772\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx4924\clvertalb\cellx5114\clvertalb\cellx5967\clvertalb\cellx7202\clvertalb\cellx7492\clvertalb\cellx8317\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4924\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5114\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7202\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7492\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8317\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Finished goods\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 5,072\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 3,427\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4924\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5114\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7202\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7492\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8317\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx4924\clvertalb\cellx5114\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5967\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7202\clvertalb\cellx7492\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8317\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Obsolescence reserve\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,009)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (687)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx4924\clvertalb\cellx5114\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5967\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7202\clvertalb\cellx7492\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8317\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4924\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5114\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5967\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7202\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7492\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8317\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Total inventories\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 18,283\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 11,676\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4924\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5114\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5967\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7202\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7492\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8317\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\sb220\cf1\f51\fs20\b\qj 5. PREPAID EXPENSES AND OTHER CURRENT ASSETS\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Prepaid expenses and other current assets consisted of the following:\par\pard\plain\cf1\f51\fs20\qj \~ \par\pard\plain {\trowd\trqc\clvertalb\cellx4912\clvertalb\cellx5102\clvertalb\cellx5955\clvertalb\cellx7196\clvertalb\cellx7486\clvertalb\cellx8311\clvertalb\cellx9546\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\trqc\clvertalb\cellx4912\clvertalb\cellx5102\clvertalb\cellx5955\clvertalb\cellx7196\clvertalb\cellx7486\clvertalb\cellx8311\clvertalb\cellx9546\clvertalb\cellx9688\trrh66\row}}} {\trowd\trqc\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4912\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5102\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7196\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7486\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~June\~30,\~2017\~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell{ {\trowd\trqc\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4912\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5102\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7196\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7486\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4912\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5102\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5955\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7196\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7486\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8311\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Prepaid photo shoot\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 682\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 497\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4912\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5102\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5955\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7196\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7486\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8311\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx4912\clvertalb\cellx5102\clvertalb\cellx5955\clvertalb\cellx7196\clvertalb\cellx7486\clvertalb\cellx8311\clvertalb\cellx9546\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Insurance\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 267\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 765\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx4912\clvertalb\cellx5102\clvertalb\cellx5955\clvertalb\cellx7196\clvertalb\cellx7486\clvertalb\cellx8311\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4912\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5102\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5955\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7196\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7486\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8311\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Trade show deposits\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 413\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 73\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4912\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5102\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5955\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7196\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7486\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8311\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx4912\clvertalb\cellx5102\clvertalb\cellx5955\clvertalb\cellx7196\clvertalb\cellx7486\clvertalb\cellx8311\clvertalb\cellx9546\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Interest rate cap\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 288\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 90\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx4912\clvertalb\cellx5102\clvertalb\cellx5955\clvertalb\cellx7196\clvertalb\cellx7486\clvertalb\cellx8311\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4912\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5102\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5955\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7196\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7486\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8311\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Other\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,371\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,013\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4912\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5102\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5955\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7196\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7486\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8311\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx4912\clvertalb\cellx5102\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5955\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7196\clvertalb\cellx7486\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8311\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Total prepaid expenses and other current assets\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 3,021\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,438\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx4912\clvertalb\cellx5102\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5955\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7196\clvertalb\cellx7486\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8311\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\sb220\cf1\f51\fs20\b\qj 6.ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Accrued expenses and other current liabilities consisted of the following:\par\pard\plain\cf1\f51\fs20\qj \~ \par\pard\plain {\trowd\trqc\clvertalb\cellx4929\clvertalb\cellx5119\clvertalb\cellx5972\clvertalb\cellx7205\clvertalb\cellx7495\clvertalb\cellx8320\clvertalb\cellx9546\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\trqc\clvertalb\cellx4929\clvertalb\cellx5119\clvertalb\cellx5972\clvertalb\cellx7205\clvertalb\cellx7495\clvertalb\cellx8320\clvertalb\cellx9546\clvertalb\cellx9688\trrh66\row}}} {\trowd\trqc\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4929\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5119\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7205\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7495\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~June\~30,\~2017\~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell{ {\trowd\trqc\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4929\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5119\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7205\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7495\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4929\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5119\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5972\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7205\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7495\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8320\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Warranty\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 14,918\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 12,237\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4929\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5119\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5972\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7205\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7495\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8320\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx4929\clvertalb\cellx5119\clvertalb\cellx5972\clvertalb\cellx7205\clvertalb\cellx7495\clvertalb\cellx8320\clvertalb\cellx9546\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Self-insurance\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 725\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 763\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx4929\clvertalb\cellx5119\clvertalb\cellx5972\clvertalb\cellx7205\clvertalb\cellx7495\clvertalb\cellx8320\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4929\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5119\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5972\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7205\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7495\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8320\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Compensation and related accruals\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,905\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,691\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4929\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5119\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5972\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7205\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7495\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8320\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx4929\clvertalb\cellx5119\clvertalb\cellx5972\clvertalb\cellx7205\clvertalb\cellx7495\clvertalb\cellx8320\clvertalb\cellx9546\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Inventory repurchase contingent obligation\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,253\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,008\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx4929\clvertalb\cellx5119\clvertalb\cellx5972\clvertalb\cellx7205\clvertalb\cellx7495\clvertalb\cellx8320\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4929\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5119\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5972\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7205\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7495\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8320\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Interest\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,021\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,008\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4929\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5119\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5972\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7205\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7495\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8320\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx4929\clvertalb\cellx5119\clvertalb\cellx5972\clvertalb\cellx7205\clvertalb\cellx7495\clvertalb\cellx8320\clvertalb\cellx9546\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Dealer incentives\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,489\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,755\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx4929\clvertalb\cellx5119\clvertalb\cellx5972\clvertalb\cellx7205\clvertalb\cellx7495\clvertalb\cellx8320\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4929\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5119\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5972\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7205\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7495\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8320\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Working capital adjustment - NauticStar acquistion\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,383\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4929\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5119\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5972\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7205\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7495\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8320\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx4929\clvertalb\cellx5119\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5972\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7205\clvertalb\cellx7495\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8320\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Other\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,752\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,948\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx4929\clvertalb\cellx5119\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5972\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7205\clvertalb\cellx7495\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8320\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4929\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5119\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5972\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7205\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7495\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8320\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Total accrued expenses and other current liabilities\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 27,446\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 21,410\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4929\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5119\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5972\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7205\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7495\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8320\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\ql The following table provides a roll forward of the accrued warranty liability: \par\pard\plain {\trowd\clvertalb\cellx7799\clvertalb\cellx8041\clvertalb\cellx8283\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clvertalb\cellx7799\clvertalb\cellx8041\clvertalb\cellx8283\clvertalb\cellx9688\trrh66\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7799\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8041\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8283\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7799\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8041\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8283\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7799\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8041\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8283\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Beginning balance - June 30, 2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 12,237\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7799\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8041\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8283\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx7799\clvertalb\cellx8041\clvertalb\cellx8283\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Provisions\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,807\cell{ {\trowd\clvertalb\cellx7799\clvertalb\cellx8041\clvertalb\cellx8283\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7799\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8041\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8283\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Additions for NauticStar acquisition\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,992\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7799\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8041\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8283\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx7799\clvertalb\cellx8041\clvertalb\cellx8283\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Payments made\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,955)\cell{ {\trowd\clvertalb\cellx7799\clvertalb\cellx8041\clvertalb\cellx8283\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7799\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8041\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8283\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Adjustments to preexisting warranties\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (163)\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7799\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8041\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8283\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx7799\clvertalb\cellx8041\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8283\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Ending balance - December 31, 2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 14,918\cell{ {\trowd\clvertalb\cellx7799\clvertalb\cellx8041\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8283\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\sb528\cf1\f51\fs20\qc 14\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MCBC HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\sb220\cf1\f51\fs20\b\qj 7. GOODWILL AND OTHER INTANGIBLE ASSETS\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\sb220\cf1\f51\fs20\qj The changes in the carrying amount of goodwill for the six months ended December 31, 2017, were as follows: \par\pard\plain {\trowd\clvertalb\cellx7871\clvertalb\cellx8282\clvertalb\cellx8499\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clvertalb\cellx7871\clvertalb\cellx8282\clvertalb\cellx8499\clvertalb\cellx9688\trrh66\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7871\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8282\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8499\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Goodwill as of June 30, 2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 29,593\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7871\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8282\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8499\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx7871\clvertalb\cellx8282\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8499\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Addition related to the acquisition of NauticStar\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 37,225\cell{ {\trowd\clvertalb\cellx7871\clvertalb\cellx8282\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8499\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7871\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8282\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8499\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Goodwill as of December 31, 2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 66,818\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7871\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8282\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8499\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\sb220\cf1\f51\fs20\qj As of December 31,\~2017, and June 30, 2017, details of the Company\u8217?s intangible assets other than goodwill\plain\cf1\f51\fs20\qj were as follows: \par\pard\plain {\trowd\clvertalb\cellx4749\clvertalb\cellx5039\clvertalb\cellx5478\clvertalb\cellx6227\clvertalb\cellx6517\clvertalb\cellx7134\clvertalb\cellx8067\clvertalb\cellx8357\clvertalb\cellx8796\clvertalb\cellx9545\clvertalb\cellx9688\trrh25 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clvertalb\cellx4749\clvertalb\cellx5039\clvertalb\cellx5478\clvertalb\cellx6227\clvertalb\cellx6517\clvertalb\cellx7134\clvertalb\cellx8067\clvertalb\cellx8357\clvertalb\cellx8796\clvertalb\cellx9545\clvertalb\cellx9688\trrh25\row}}} {\trowd\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4749\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5039\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December 31, 2017\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4749\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5039\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4749\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5039\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6227\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6517\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7134\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8067\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8357\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9545\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Gross\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Net\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4749\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5039\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6227\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6517\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7134\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8067\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8357\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9545\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4749\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5039\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6227\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6517\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8067\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8357\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9545\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Carrying\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Accumulated\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Carrying\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4749\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5039\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6227\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6517\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8067\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8357\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9545\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4749\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6227\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6517\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8067\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8357\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9545\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Amount\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Amortization\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Amount\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4749\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6227\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6517\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8067\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8357\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9545\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4749\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5478\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6227\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6517\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7134\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8357\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8796\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Dealer network\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 21,590\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,500)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 20,090\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4749\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5478\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6227\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6517\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7134\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8357\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8796\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx4749\clvertalb\cellx5039\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5478\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6227\clvertalb\cellx6517\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7134\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8067\clvertalb\cellx8357\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8796\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9545\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Total amortizable intangible assets\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 21,590\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,500)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 20,090\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx4749\clvertalb\cellx5039\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5478\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6227\clvertalb\cellx6517\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7134\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8067\clvertalb\cellx8357\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8796\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9545\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4749\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5478\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6227\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6517\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7134\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8357\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8796\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Trade names\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 32,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 32,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4749\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5039\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5478\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6227\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6517\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7134\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8067\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8357\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8796\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx4749\clvertalb\cellx5039\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5478\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6227\clvertalb\cellx6517\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7134\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8067\clvertalb\cellx8357\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8796\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9545\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Total intangible assets\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 53,590\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,500)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 52,090\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx4749\clvertalb\cellx5039\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5478\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6227\clvertalb\cellx6517\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7134\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8067\clvertalb\cellx8357\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8796\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9545\clvertalb\cellx9688\trrh248\row}}}\pard\plain\sb220\cf1\f51\fs20\qj \~ \par\pard\plain {\trowd\clvertalb\cellx4880\clvertalb\cellx5170\clvertalb\cellx5462\clvertalb\cellx6215\clvertalb\cellx6507\clvertalb\cellx7124\clvertalb\cellx8063\clvertalb\cellx8353\clvertalb\cellx8792\clvertalb\cellx9545\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clvertalb\cellx4880\clvertalb\cellx5170\clvertalb\cellx5462\clvertalb\cellx6215\clvertalb\cellx6507\clvertalb\cellx7124\clvertalb\cellx8063\clvertalb\cellx8353\clvertalb\cellx8792\clvertalb\cellx9545\clvertalb\cellx9688\trrh66\row}}} {\trowd\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4880\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5170\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9548\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc June 30, 2017\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4880\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5170\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9548\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4880\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5170\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6509\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7126\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8065\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8355\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Gross\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Net\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4880\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5170\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6509\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7126\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8065\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8355\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4880\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5170\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6509\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8065\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8355\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Carrying\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Accumulated\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Carrying\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4880\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5170\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6509\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8065\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8355\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4880\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5170\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6509\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8065\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8355\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Amount\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Amortization\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Amount\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4880\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5170\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6509\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8065\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8355\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4880\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5170\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5462\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6215\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6507\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7124\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8063\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8353\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8792\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Dealer network\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,590\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\cf1\f51\fs20\qr (947)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 643\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4880\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5170\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5462\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6215\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6507\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7124\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8063\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8353\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8792\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx4880\clvertalb\cellx5170\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5462\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6215\clvertalb\cellx6507\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7124\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8063\clvertalb\cellx8353\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8792\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9545\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Total amortizable intangible assets\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,590\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (947)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 643\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx4880\clvertalb\cellx5170\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5462\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6215\clvertalb\cellx6507\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7124\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8063\clvertalb\cellx8353\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8792\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9545\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4880\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5170\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5462\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6215\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6507\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7124\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8063\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8353\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8792\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Trade names\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 16,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 16,000\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4880\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5170\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5462\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6215\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6507\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7124\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8063\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8353\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8792\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx4880\clvertalb\cellx5170\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5462\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6215\clvertalb\cellx6507\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7124\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8063\clvertalb\cellx8353\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8792\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9545\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Total intangible assets\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 17,590\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\cf1\f51\fs20\qr (947)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 16,643\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx4880\clvertalb\cellx5170\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5462\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6215\clvertalb\cellx6507\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7124\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8063\clvertalb\cellx8353\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8792\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9545\clvertalb\cellx9688\trrh248\row}}}\pard\plain\sb220\cf1\f51\fs20\qj Amortization expense recognized on all amortizable intangibles was $552 and $54 for the six months ended\plain\cf1\f51\fs20\qj December 31, 2017 and January 1, 2017, respectively.\par\pard\plain\sb220\cf1\f51\fs20\qj The estimated future amortization of definite-lived intangible assets is as follows: \par\pard\plain {\trowd\clvertalb\cellx7307\clvertalb\cellx7487\clvertalb\cellx7721\clvertalb\cellx9505\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clvertalb\cellx7307\clvertalb\cellx7487\clvertalb\cellx7721\clvertalb\cellx9505\clvertalb\cellx9688\trrh66\row}}} {\trowd\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7307\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7487\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7721\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9505\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264 \pard\plain\intbl\cf1\f51\fs20\b\ql Fiscal years ending June 30,\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7307\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7487\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7721\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9505\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9505\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Remainder of 2018\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,054\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9505\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx7307\clvertalb\cellx7487\clvertalb\cellx7721\clvertalb\cellx9505\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj 2019\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,107\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx7307\clvertalb\cellx7487\clvertalb\cellx7721\clvertalb\cellx9505\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9505\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj 2020\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,107\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9505\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx7307\clvertalb\cellx7487\clvertalb\cellx7721\clvertalb\cellx9505\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj 2021\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,107\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx7307\clvertalb\cellx7487\clvertalb\cellx7721\clvertalb\cellx9505\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9505\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj 2022\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,107\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9505\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx7307\clvertalb\cellx7487\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7721\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9505\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql and thereafter\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 10,608\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx7307\clvertalb\cellx7487\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7721\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9505\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7487\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7721\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9505\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Total\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 20,090\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7307\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7487\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7721\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9505\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\sb528\cf1\f51\fs20\qc 15\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MCBC HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\sb220\cf1\f51\fs20\b\qj 8. FAIR VALUE MEASUREMENTS\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the\plain\cf1\f51\fs20\qj principal or most advantageous market for the asset or liability in an orderly transaction between market participants\plain\cf1\f51\fs20\qj on the measurement date. There are three levels of inputs that may be used to measure fair values:\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Level\~1\~\u8212? Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the\plain\cf1\f51\fs20\qj ability to access as of the measurement date.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Level\~2\~\u8212? Significant other observable inputs other than Level\~1 prices such as quoted prices for similar assets\plain\cf1\f51\fs20\qj or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated\plain\cf1\f51\fs20\qj by observable market data.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Level\~3\~\u8212? Significant unobservable inputs that reflect a company\u8217?s own assumptions about the\plain\cf1\f51\fs20\qj assumptions that market participants would use in pricing an asset or liability.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj When determining the fair value measurements for assets or liabilities required or permitted to be recorded at and/or\plain\cf1\f51\fs20\qj marked to fair value, the Company considers the principal or most advantageous market in which it would transact\plain\cf1\f51\fs20\qj and considers assumptions that market participants would use when pricing the asset or liability. When possible, the\plain\cf1\f51\fs20\qj Company looks to active and observable markets to price identical assets. When identical assets are not traded in\plain\cf1\f51\fs20\qj active markets, the Company looks to market observable data for similar assets.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The following tables summarize the basis used to measure certain financial assets and liabilities at fair value on a\plain\cf1\f51\fs20\qj recurring basis in the consolidated balance sheets: \par\pard\plain {\trowd\trqc\clvertalb\cellx5458\clvertalb\cellx5726\clvertalb\cellx6079\clvertalb\cellx6863\clvertalb\cellx7142\clvertalb\cellx7495\clvertalb\cellx8130\clvertalb\cellx8409\clvertalb\cellx8762\clvertalb\cellx9546\clvertalb\cellx9688\trrh25 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5458\clvertalb\cellx5726\clvertalb\cellx6079\clvertalb\cellx6863\clvertalb\cellx7142\clvertalb\cellx7495\clvertalb\cellx8130\clvertalb\cellx8409\clvertalb\cellx8762\clvertalb\cellx9546\clvertalb\cellx9688\trrh25\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5458\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5726\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9548\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5458\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5726\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9548\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5458\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5726\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6863\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7142\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8130\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8409\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Level\~1\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Level\~2\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Level\~3\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5458\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5726\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6863\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7142\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8130\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8409\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5458\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5726\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6079\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6863\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7142\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7495\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8130\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8409\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8762\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Asset\~\u8212? interest rate cap\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 288\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5458\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5726\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6079\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6863\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7142\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7495\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8130\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8409\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8762\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalb\cellx5467\clvertalb\cellx5757\clvertalb\cellx6110\clvertalb\cellx6844\clvertalb\cellx7134\clvertalb\cellx7487\clvertalb\cellx8117\clvertalb\cellx8407\clvertalb\cellx8760\clvertalb\cellx9544\clvertalb\cellx9688\trrh25 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clvertalb\cellx5467\clvertalb\cellx5757\clvertalb\cellx6110\clvertalb\cellx6844\clvertalb\cellx7134\clvertalb\cellx7487\clvertalb\cellx8117\clvertalb\cellx8407\clvertalb\cellx8760\clvertalb\cellx9544\clvertalb\cellx9688\trrh25\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5467\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5757\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc June\~30,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5467\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5757\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5467\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5757\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6844\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7134\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8117\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8407\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9544\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Level\~1\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Level\~2\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Level\~3\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5467\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5757\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6844\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7134\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8117\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8407\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9544\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5757\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6110\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6844\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7134\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8117\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8407\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8760\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Asset\~\u8212? interest rate cap\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 90\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5467\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5757\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6110\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6844\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7134\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8117\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8407\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8760\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\qj The interest rate cap is valued utilizing pricing models taking into account inputs such as interest rates and notional\plain\cf1\f51\fs20\qj amounts. In November 2017, the Company entered into an interest rate cap agreement with its existing lender to\plain\cf1\f51\fs20\qj cap its London Interbank Offered Rate (\u8220?LIBOR\u8221?) rate at 2% for $34,594 of outstanding principal on\plain\cf1\f51\fs20\qj its long-term debt. Fair value measurements for the Company\u8217?s interest rate cap are classified under Level 2\plain\cf1\f51\fs20\qj because such measurements are based on significant other observable inputs. There were no transfers of assets or\plain\cf1\f51\fs20\qj liabilities between Level 1 and Level 2 during the six months ended December 31, 2017.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\sb528\cf1\f51\fs20\qc 16\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MCBC HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\sb264\cf1\f51\fs20\b\qj 9. LONG-TERM DEBT\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Long-term debt outstanding is as follows:\par\pard\plain\cf1\f51\fs20\qj \~ \par\pard\plain {\trowd\clvertalb\cellx5145\clvertalb\cellx5335\clvertalb\cellx6188\clvertalb\cellx7362\clvertalb\cellx7552\clvertalb\cellx8377\clvertalb\cellx9546\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clvertalb\cellx5145\clvertalb\cellx5335\clvertalb\cellx6188\clvertalb\cellx7362\clvertalb\cellx7552\clvertalb\cellx8377\clvertalb\cellx9546\clvertalb\cellx9688\trrh66\row}}} {\trowd\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5145\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5335\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7363\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7553\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~June\~30,\~2017\~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell{ {\trowd\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5145\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5335\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7363\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7553\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh264\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5335\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6188\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7362\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7552\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8377\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Revolving credit facility\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5335\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6188\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7362\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7552\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8377\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx5145\clvertalb\cellx5335\clvertalb\cellx6188\clvertalb\cellx7362\clvertalb\cellx7552\clvertalb\cellx8377\clvertalb\cellx9546\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Senior secured term loan\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 96,775\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 35,135\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx5145\clvertalb\cellx5335\clvertalb\cellx6188\clvertalb\cellx7362\clvertalb\cellx7552\clvertalb\cellx8377\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5335\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6188\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7362\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7552\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8377\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Debt issuance costs on term loan\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,798)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (658)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5335\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6188\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7362\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7552\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8377\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx5145\clvertalb\cellx5335\clvertalb\cellx6188\clvertalb\cellx7362\clvertalb\cellx7552\clvertalb\cellx8377\clvertalb\cellx9546\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Total debt\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 94,977\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 34,477\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx5145\clvertalb\cellx5335\clvertalb\cellx6188\clvertalb\cellx7362\clvertalb\cellx7552\clvertalb\cellx8377\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5335\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6188\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7362\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7552\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8377\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Less current portion of long-term debt\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 5,513\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 3,904\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5335\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6188\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7362\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7552\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8377\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx5145\clvertalb\cellx5335\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6188\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7362\clvertalb\cellx7552\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8377\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Less current portion of debt issuance costs on term loan\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (441)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (217)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx5145\clvertalb\cellx5335\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6188\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7362\clvertalb\cellx7552\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8377\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5335\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6188\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7362\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7552\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8377\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Long-term debt\~\u8212? less current portion\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 89,905\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 30,790\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5335\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6188\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7362\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7552\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8377\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj On October 2, 2017, the Company entered into a Third Amended and Restated Credit and Guaranty Agreement with\plain\cf1\f51\fs20\qj Fifth Third Bank, as the agent and letter of credit issuer, and the lenders party thereto (the \u8220?Third Amended\plain\cf1\f51\fs20\qj Credit Agreement\u8221?). The Third Amended Credit Agreement replaced and paid off the Company\u8217?s\plain\cf1\f51\fs20\qj Second Amended and Restated Credit Agreement, dated May 27, 2016. The Third Amended Credit Agreement\plain\cf1\f51\fs20\qj provides the Company with a $145,000 senior secured credit facility, consisting of a $115,000 term loan (the\plain\cf1\f51\fs20\qj \u8220?Third Term Loan\u8221?) and a $30,000 revolving credit facility (the \u8220?Revolving Credit\plain\cf1\f51\fs20\qj Facility\u8221?).\par\pard\plain\cf1\f51\fs20\qj \~ \~\par\pard\plain\cf1\f51\fs20\qj The Third Amended Credit Agreement bears interest, at the Company\u8217?s option, at either the prime rate plus\plain\cf1\f51\fs20\qj an applicable margin ranging from 0.75% to 1.75% or at an adjusted LIBOR plus an applicable margin ranging\plain\cf1\f51\fs20\qj from 1.75% to 2.75%, in each case based on the Company\u8217?s senior leverage ratio. Based on the\plain\cf1\f51\fs20\qj Company\u8217?s current senior leverage ratio, the applicable margin for loans accruing interest at the prime rate is\plain\cf1\f51\fs20\qj 1.25% and the applicable margin for loans accruing interest at LIBOR is 2.25%. In connection with the Third\plain\cf1\f51\fs20\qj Amended Credit Agreement, the Company paid $1,322 of financing costs. The Third Term Loan will mature and all\plain\cf1\f51\fs20\qj remaining amounts outstanding thereunder will be due and payable on October 2, 2022. On October 17, 2017, and\plain\cf1\f51\fs20\qj December 1, 2017, the Company made voluntary payments on the Third Term Loan of $10,000 and $7,000,\plain\cf1\f51\fs20\qj respectively, out of excess cash. As of December 31,\~2017 and June\~30, 2017, the Company\u8217?s unamortized\plain\cf1\f51\fs20\qj deferred financing costs were $2,226 and $1,139, respectively. These costs are being amortized over the term of the\plain\cf1\f51\fs20\qj Third Amended Credit Agreement. The Company was in compliance with all of its debt covenants under its Third\plain\cf1\f51\fs20\qj Amended Credit Agreement.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj As of December 31,\~2017 and June 30, 2017, the Company had no borrowings outstanding on its Revolving Credit\plain\cf1\f51\fs20\qj Facility. Availability under the Revolving Credit Facility is reduced by letters of credit. There were specified letters\plain\cf1\f51\fs20\qj of credit outstanding of $750 and $250 at December 31, 2017 and June\~30, 2017, respectively. As of December\plain\cf1\f51\fs20\qj 31,\~2017 and June\~30, 2017, availability under the Revolving Credit Facility was $29,250 and $29,750, respectively,\plain\cf1\f51\fs20\qj and unamortized deferred financing costs were $428 and $481, respectively.\~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\sb528\cf1\f51\fs20\qc 17\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MCBC HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\sb264\cf1\f51\fs20\b\qj 10. INCOME TAXES\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The Company\u8217?s results for the three and six months ended December 31, 2017, reflect the impact of the\plain\cf1\f51\fs20\qj enactment of the Tax Cuts and Jobs Act (\u8220?Tax Reform Act\u8221?), which was signed into law on December\plain\cf1\f51\fs20\qj 22, 2017. The Tax Reform Act reduced federal corporate income tax rates and changed numerous other provisions.\plain\cf1\f51\fs20\qj As we have a June 30 fiscal year-end, the lower corporate federal income tax rate will be phased in, resulting in a\plain\cf1\f51\fs20\qj U.S. federal statutory tax rate of 28.1% for our fiscal year ending June 30, 2018, and 21.0% for subsequent fiscal\plain\cf1\f51\fs20\qj years. The quarter and six months ended December 31, 2017 included a year-to-date provisional expense of\plain\cf1\f51\fs20\qj approximately $171 to reflect federal deferred taxes at the lower blended effective tax rate. This adjustment to the\plain\cf1\f51\fs20\qj provision was more than offset by a one-time discrete provisional benefit of approximately $651 as a result of\plain\cf1\f51\fs20\qj applying the new lower federal income tax rates to the Company\u8217?s net deferred tax liabilities.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The changes included in the Tax Reform Act are broad and complex. The final transition impacts may differ from\plain\cf1\f51\fs20\qj the above estimate, due to, among other things, changes in interpretations, any legislative action to address questions\plain\cf1\f51\fs20\qj that arise because of the Tax Reform Act, any changes in accounting standards for income taxes or related\plain\cf1\f51\fs20\qj interpretations in response to the Tax Reform Act, or any updates or changes to estimates we have utilized to\plain\cf1\f51\fs20\qj calculate the transition impacts. The SEC issued guidance in Staff Accounting Bulletin 118 which allows the\plain\cf1\f51\fs20\qj Company to record provisional amounts during a one-year measurement period.\~\~The Company has determined a\plain\cf1\f51\fs20\qj reasonable estimate for the measurement and accounting for certain effects of the Tax Reform Act, including the\plain\cf1\f51\fs20\qj re-measurement of the Company\u8217?s net deferred tax assets and liabilities, which have been reflected as\plain\cf1\f51\fs20\qj provisional amounts in the December 31, 2017 financial statements. The amounts represent the Company\u8217?s\plain\cf1\f51\fs20\qj best estimates based on records, information, and current guidance.\~\~Additional information and analysis is required\plain\cf1\f51\fs20\qj to finalize the impact that the Tax Reform Act will have on the Company\u8217?s full year financial results.\~\~This\plain\cf1\f51\fs20\qj includes filing the fiscal 2017 United States federal income tax return, which could impact the Company\u8217?s\plain\cf1\f51\fs20\qj estimated deferred income tax assets and liabilities.\~\~Although the Company does not anticipate material adjustments\plain\cf1\f51\fs20\qj to the provisional amounts, final results could vary from these provisional amounts. The Company currently\plain\cf1\f51\fs20\qj anticipates finalizing and recording any resulting adjustments by the end of the fiscal year ending June 30, 2018.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The Company\u8217?s effective tax rate is based on a current estimate of the annual effective income tax rate\plain\cf1\f51\fs20\qj adjusted to reflect the impact of discrete items.\~\~During the six months ended December 31, 2017, the\plain\cf1\f51\fs20\qj Company\u8217?s effective tax rate was 25.5%.\~\~The rate was lower than the 28.1% statutory rate primarily due to\plain\cf1\f51\fs20\qj the impact of Tax Reform, and a permanent benefit associated with the domestic production activities deduction,\plain\cf1\f51\fs20\qj which was partially offset by the inclusion of the state tax rate in the overall effective rate.\~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\sb528\cf1\f51\fs20\qc 18\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MCBC HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\sb264\cf1\f51\fs20\b\qj 11. EARNINGS PER SHARE\par\pard\plain\cf1\f51\fs16\qj \~\par\pard\plain\cf1\f51\fs20\qj The following table sets forth the computation of the Company\u8217?s earnings per share:\par\pard\plain\cf1\f51\fs16\qj \~ \par\pard\plain {\trowd\trqc\clvertalb\cellx2123\clvertalb\cellx2363\clvertalb\cellx3049\clvertalb\cellx4000\clvertalb\cellx4240\clvertalb\cellx4824\clvertalb\cellx5719\clvertalb\cellx5959\clvertalb\cellx6645\clvertalb\cellx7596\clvertalb\cellx7836\clvertalb\cellx8420\clvertalb\cellx9315\clvertalb\cellx9555\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2123\clvertalb\cellx2363\clvertalb\cellx3049\clvertalb\cellx4000\clvertalb\cellx4240\clvertalb\cellx4824\clvertalb\cellx5719\clvertalb\cellx5959\clvertalb\cellx6645\clvertalb\cellx7596\clvertalb\cellx7836\clvertalb\cellx8420\clvertalb\cellx9315\clvertalb\cellx9555\clvertalb\cellx9688\trrh66\row}}} {\trowd\trqc\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2123\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2363\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5720\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5960\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9317\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9557\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh215 \pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Three Months Ended\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Six Months Ended\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell{ {\trowd\trqc\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2123\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2363\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5720\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5960\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9317\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9557\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh215\row}}} {\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2123\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2363\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4001\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4241\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5720\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5960\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7598\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7838\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9317\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9557\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc January\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc January\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs16\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell{ {\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2123\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2363\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4001\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4241\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5720\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5960\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7598\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7838\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9317\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9557\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2123\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2363\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3049\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4000\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4240\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4824\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5719\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6645\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7596\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7836\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8420\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9555\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223 \pard\plain\intbl\cf1\f51\fs18\qj Net income\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 8,009\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 4,031\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 15,055\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 11,014\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2123\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2363\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3049\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4000\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4240\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4824\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5719\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6645\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7596\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7836\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8420\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9555\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}} {\trowd\trqc\clvertalb\cellx2123\clvertalb\cellx2363\clvertalb\cellx3049\clvertalb\cellx4000\clvertalb\cellx4240\clvertalb\cellx4824\clvertalb\cellx5719\clvertalb\cellx5959\clvertalb\cellx6645\clvertalb\cellx7596\clvertalb\cellx7836\clvertalb\cellx8420\clvertalb\cellx9315\clvertalb\cellx9555\clvertalb\cellx9688\trrh446 \pard\plain\intbl\cf1\f51\fs18\qj Weighted average common\plain\intbl\cf1\f51\fs18\qj shares\~\u8212? basic\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,619,834\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,592,936\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,617,467\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,592,372\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2123\clvertalb\cellx2363\clvertalb\cellx3049\clvertalb\cellx4000\clvertalb\cellx4240\clvertalb\cellx4824\clvertalb\cellx5719\clvertalb\cellx5959\clvertalb\cellx6645\clvertalb\cellx7596\clvertalb\cellx7836\clvertalb\cellx8420\clvertalb\cellx9315\clvertalb\cellx9555\clvertalb\cellx9688\trrh446\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2123\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2363\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3049\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4000\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4240\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4824\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5719\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6645\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7596\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7836\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8420\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9555\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh446 \pard\plain\intbl\cf1\f51\fs18\qj Dilutive effect of assumed\plain\intbl\cf1\f51\fs18\qj exercises of stock options\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 34,994\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 4,453\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 32,969\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 2,227\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2123\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2363\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3049\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4000\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4240\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4824\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5719\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6645\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7596\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7836\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8420\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9555\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh446\row}}} {\trowd\trqc\clvertalb\cellx2123\clvertalb\cellx2363\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3049\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4000\clvertalb\cellx4240\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4824\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5719\clvertalb\cellx5959\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6645\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7596\clvertalb\cellx7836\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8420\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9315\clvertalb\cellx9555\clvertalb\cellx9688\trrh446 \pard\plain\intbl\cf1\f51\fs18\qj Dilutive effect of assumed\plain\intbl\cf1\f51\fs18\qj restricted share awards\units\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 47,524\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 7,689\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 44,054\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 4,242\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2123\clvertalb\cellx2363\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3049\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4000\clvertalb\cellx4240\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4824\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5719\clvertalb\cellx5959\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6645\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7596\clvertalb\cellx7836\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8420\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9315\clvertalb\cellx9555\clvertalb\cellx9688\trrh446\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2123\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2363\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3049\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4000\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4240\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4824\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5719\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6645\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7596\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7836\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8420\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9555\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh668 \pard\plain\intbl\cf1\f51\fs18\qj Weighted average\plain\intbl\cf1\f51\fs18\qj outstanding shares\~\u8212?\plain\intbl\cf1\f51\fs18\qj diluted\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,702,352\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,605,078\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,694,489\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 18,598,841\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2123\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2363\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3049\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4000\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4240\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4824\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5719\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6645\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7596\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7836\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8420\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9555\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh668\row}}} {\trowd\trqc\clvertalb\cellx2123\clvertalb\cellx2363\clvertalb\cellx3049\clvertalb\cellx4000\clvertalb\cellx4240\clvertalb\cellx4824\clvertalb\cellx5719\clvertalb\cellx5959\clvertalb\cellx6645\clvertalb\cellx7596\clvertalb\cellx7836\clvertalb\cellx8420\clvertalb\cellx9315\clvertalb\cellx9555\clvertalb\cellx9688\trrh223 \pard\plain\intbl\cf1\f51\fs18\qj Basic earnings per share\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.43\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.22\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.81\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.59\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2123\clvertalb\cellx2363\clvertalb\cellx3049\clvertalb\cellx4000\clvertalb\cellx4240\clvertalb\cellx4824\clvertalb\cellx5719\clvertalb\cellx5959\clvertalb\cellx6645\clvertalb\cellx7596\clvertalb\cellx7836\clvertalb\cellx8420\clvertalb\cellx9315\clvertalb\cellx9555\clvertalb\cellx9688\trrh223\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2123\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2363\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3049\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4000\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4240\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4824\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5719\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6645\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7596\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7836\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8420\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9555\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223 \pard\plain\intbl\cf1\f51\fs18\qj Diluted earnings per share\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.43\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.22\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.81\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs18\qr 0.59\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2123\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2363\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3049\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4000\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4240\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4824\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5719\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6645\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7596\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7836\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8420\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9315\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9555\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh223\row}}}\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qj For the three months ended December 31,\~2017, the weighted average shares that were anti-dilutive, and therefore\plain\cf1\f51\fs20\qj excluded from the computation of diluted earnings per share included 24,847 restricted stock awards. For the three\plain\cf1\f51\fs20\qj months ended January 1, 2017, the weighted average shares that were anti-dilutive, and therefore excluded from the\plain\cf1\f51\fs20\qj computation of diluted earnings per share included 1,898 restricted stock awards and options to purchase 122,640\plain\cf1\f51\fs20\qj shares of common stock.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj For the six months ended December 31,\~2017, the weighted average shares that were anti-dilutive, and therefore\plain\cf1\f51\fs20\qj excluded from the computation of diluted earnings per share included 37,905 restricted stock awards. For the six\plain\cf1\f51\fs20\qj months ended January 1, 2017, the weighted average shares that were anti-dilutive, and therefore excluded from the\plain\cf1\f51\fs20\qj computation of diluted earnings per share included 16,534 restricted stock awards and options to purchase 122,640\plain\cf1\f51\fs20\qj shares of common stock.\par\pard\plain\cf1\f51\fs20\qj \~{\*\bkmkstart _hlk480964373_12035971}{\*\bkmkend _hlk480964373_12035971}\par\pard\plain\sb264\cf1\f51\fs20\b\qj 12.STOCK-BASED COMPENSATION\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj During fiscal year ended June 30, 2015 the Company adopted the Amended and Restated MCBC Holdings,\~Inc.\plain\cf1\f51\fs20\qj 2015 Incentive Award Plan (\u8220?2015 Plan\u8221?) in order to facilitate the grant of cash and equity incentives\plain\cf1\f51\fs20\qj to non-employee directors, employees, and consultants of the Company and certain of its affiliates and to enable the\plain\cf1\f51\fs20\qj Company and certain of its affiliates to obtain and retain the services of these individuals, which is essential to our\plain\cf1\f51\fs20\qj long-term success. In July 2015, the Board amended and restated the Company\u8217?s 2015 Plan which became\plain\cf1\f51\fs20\qj effective just prior to the closing of the Company\u8217?s initial public offering to increase the shares available for\plain\cf1\f51\fs20\qj issuance under the 2015 Plan. During the six months ended December 31, 2017 and January 1, 2017, the Company\plain\cf1\f51\fs20\qj recognized $528 and $305, respectively in stock-based compensation expense.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj In July 2017, the Company granted to certain employees 23,932 shares of restricted stock awards\plain\cf1\f51\fs20\qj (\u8220?RSAs\u8221?) under the 2015 Plan at a per share fair value of $19.34, which is the market value of the\plain\cf1\f51\fs20\qj Company\u8217?s common stock on the grant date. The RSAs will vest in three equal annual installments. In\plain\cf1\f51\fs20\qj addition, the Company granted 17,064 RSAs under the 2015 Plan to certain non-employee directors for their annual\plain\cf1\f51\fs20\qj equity award at a per share fair value of $19.34. In November 2017, the Company granted 5,578 of RSAs to certain\plain\cf1\f51\fs20\qj employees under the 2015 Plan at a per share fair value of $22.31.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\sb528\cf1\f51\fs20\qc 19\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MCBC HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\cf1\f51\fs20\qj In July 2017, the Company granted 23,929 performance stock units (\u8220?PSUs\u8221?) under its 2015 Plan to\plain\cf1\f51\fs20\qj certain employees at a per share fair value of $19.34, which is the market value of the Company\u8217?s common\plain\cf1\f51\fs20\qj stock on the grant date.\~In November 2017, the Company granted 2,306 PSUs under its 2015 Plan, at a per share\plain\cf1\f51\fs20\qj fair value of $22.31. The awards will be earned based upon the Company\u8217?s attainment of certain\plain\cf1\f51\fs20\qj performance criteria over a three-year period. The performance period for the awards are a three-year period\plain\cf1\f51\fs20\qj commencing July\~1, 2017 and ending June\~30, 2020.\~ Following the determination of the Company\u8217?s\plain\cf1\f51\fs20\qj achievement with respect to the performance criteria, the amount of shares awarded will be subject to adjustment\plain\cf1\f51\fs20\qj based upon the application of a total shareholder return (\u8220?TSR\u8221?) modifier.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj In July 2015, the Company granted 137,786 non-qualified stock options (\u8220?NSOs\u8221?) to certain\plain\cf1\f51\fs20\qj employees at an option price equal to the $15.00 per share of the Company\u8217?s common stock, which was the\plain\cf1\f51\fs20\qj initial public offering price, which will vest in 25% increments annually on each of the first four anniversaries of\plain\cf1\f51\fs20\qj the grant date. In June 2016, the Company reduced the exercise price of these options by $4.30 per share, which\plain\cf1\f51\fs20\qj was the amount of the special cash dividend paid in June 2016. Therefore, the exercise price of the options is\plain\cf1\f51\fs20\qj $10.70 per share. The other terms of the options remained unchanged. We estimated the grant date fair value of\plain\cf1\f51\fs20\qj stock options using the Black-Scholes pricing model assuming a risk-free interest rate of 1.93%, an expected term\plain\cf1\f51\fs20\qj of 6.25 years, no dividend yield and a volatility rate of 56.7%.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\sb264\cf1\f51\fs20\b\qj 13.SEGMENT INFORMATION\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The Company designs, manufactures, and markets recreational sport boats and has two operating and reportable\plain\cf1\f51\fs20\qj segments: MasterCraft and NauticStar. The Company\u8217?s segments are defined by management\u8217?s\plain\cf1\f51\fs20\qj reporting structure, product brands, and distribution channels. The MasterCraft product brand consists of recreational\plain\cf1\f51\fs20\qj performance boats primarily used for water skiing, wakeboarding and wake surfing, and general recreational\plain\cf1\f51\fs20\qj boating. The Company distributes the MasterCraft product brand through its dealer network. The NauticStar product\plain\cf1\f51\fs20\qj brand consists of recreational boats primarily used for salt water fishing, and general recreational boating. The\plain\cf1\f51\fs20\qj Company distributes the NauticStar product brand through its dealer network. The Company\u8217?s chief operating\plain\cf1\f51\fs20\qj decision maker (\u8220?CODM\u8221?) regularly reviews the operating performance of each product brand\plain\cf1\f51\fs20\qj including measures of performance based on income from operations. The Company considers each of the product\plain\cf1\f51\fs20\qj brands to be an operating segment and has further concluded that presenting disaggregated information of these two\plain\cf1\f51\fs20\qj operating segments provides meaningful information as certain economic characteristics are dissimilar as well as the\plain\cf1\f51\fs20\qj characteristics of the customer base served.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Management evaluates performance based on business segment operating income. The Company files a consolidated\plain\cf1\f51\fs20\qj income tax return and does not allocate income taxes and other corporate level expenses including interest to\plain\cf1\f51\fs20\qj operating segments.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\sb528\cf1\f51\fs20\qc 20\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc MCBC HOLDINGS, INC. AND SUBSIDIARIES\par\pard\plain\cf1\f51\fs20\b\qc NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs18\i\qc (Dollars in thousands, except share and per share data)\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\cf1\f51\fs20\qj The following tables present financial information for the Company\u8217?s reportable segments for the three and\plain\cf1\f51\fs20\qj six months ended December 31, 2017 and January 1, 2017, respectively, and the Company\u8217?s financial\plain\cf1\f51\fs20\qj position at December 31, 2017 and June 30, 2017, respectively.\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalb\cellx4669\clvertalb\cellx4959\clvertalb\cellx5542\clvertalb\cellx6361\clvertalb\cellx6651\clvertalb\cellx7162\clvertalb\cellx7831\clvertalb\cellx8121\clvertalb\cellx8727\clvertalb\cellx9546\clvertalb\cellx9688\trrh25 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clvertalb\cellx4669\clvertalb\cellx4959\clvertalb\cellx5542\clvertalb\cellx6361\clvertalb\cellx6651\clvertalb\cellx7162\clvertalb\cellx7831\clvertalb\cellx8121\clvertalb\cellx8727\clvertalb\cellx9546\clvertalb\cellx9688\trrh25\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4669\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4959\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9548\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Three Months Ended December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4669\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4959\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9548\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4669\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4959\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6361\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6651\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7832\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8122\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc MasterCraft\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc NauticStar\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Consolidated\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4669\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4959\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6361\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6651\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7832\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8122\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5542\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6361\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7162\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8121\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8727\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Net sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 58,239\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 20,196\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 78,435\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5542\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6361\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7162\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8121\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8727\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx4669\clvertalb\cellx4959\clvertalb\cellx5542\clvertalb\cellx6361\clvertalb\cellx6651\clvertalb\cellx7162\clvertalb\cellx7831\clvertalb\cellx8121\clvertalb\cellx8727\clvertalb\cellx9546\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Cost of sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 41,856\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 16,645\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 58,501\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx4669\clvertalb\cellx4959\clvertalb\cellx5542\clvertalb\cellx6361\clvertalb\cellx6651\clvertalb\cellx7162\clvertalb\cellx7831\clvertalb\cellx8121\clvertalb\cellx8727\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5542\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6361\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7162\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8121\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8727\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Operating income\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 9,113\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,669\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 10,782\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5542\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6361\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7162\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8121\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8727\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx4669\clvertalb\cellx4959\clvertalb\cellx5542\clvertalb\cellx6361\clvertalb\cellx6651\clvertalb\cellx7162\clvertalb\cellx7831\clvertalb\cellx8121\clvertalb\cellx8727\clvertalb\cellx9546\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Depreciation and amortization\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 876\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 602\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,478\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx4669\clvertalb\cellx4959\clvertalb\cellx5542\clvertalb\cellx6361\clvertalb\cellx6651\clvertalb\cellx7162\clvertalb\cellx7831\clvertalb\cellx8121\clvertalb\cellx8727\clvertalb\cellx9546\clvertalb\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalb\cellx4571\clvertalb\cellx4861\clvertalb\cellx5444\clvertalb\cellx6254\clvertalb\cellx6544\clvertalb\cellx7055\clvertalb\cellx7839\clvertalb\cellx8129\clvertalb\cellx8735\clvertalb\cellx9545\clvertalb\cellx9688\trrh25 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clvertalb\cellx4571\clvertalb\cellx4861\clvertalb\cellx5444\clvertalb\cellx6254\clvertalb\cellx6544\clvertalb\cellx7055\clvertalb\cellx7839\clvertalb\cellx8129\clvertalb\cellx8735\clvertalb\cellx9545\clvertalb\cellx9688\trrh25\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4571\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4861\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Three Months Ended January\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4571\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4861\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4571\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4861\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6255\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6545\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7841\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8131\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc MasterCraft\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc NauticStar\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Consolidated\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4571\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4861\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6255\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6545\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7841\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8131\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4571\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4861\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6254\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7055\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7839\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8129\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8735\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Net sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 51,134\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 51,134\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4571\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4861\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6254\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7055\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7839\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8129\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8735\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx4571\clvertalb\cellx4861\clvertalb\cellx5444\clvertalb\cellx6254\clvertalb\cellx6544\clvertalb\cellx7055\clvertalb\cellx7839\clvertalb\cellx8129\clvertalb\cellx8735\clvertalb\cellx9545\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Cost of sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 36,848\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 36,848\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx4571\clvertalb\cellx4861\clvertalb\cellx5444\clvertalb\cellx6254\clvertalb\cellx6544\clvertalb\cellx7055\clvertalb\cellx7839\clvertalb\cellx8129\clvertalb\cellx8735\clvertalb\cellx9545\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4571\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4861\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6254\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7055\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7839\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8129\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8735\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Operating income\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 7,039\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 7,039\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4571\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4861\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6254\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7055\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7839\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8129\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8735\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx4571\clvertalb\cellx4861\clvertalb\cellx5444\clvertalb\cellx6254\clvertalb\cellx6544\clvertalb\cellx7055\clvertalb\cellx7839\clvertalb\cellx8129\clvertalb\cellx8735\clvertalb\cellx9545\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Depreciation and amortization\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 825\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 825\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx4571\clvertalb\cellx4861\clvertalb\cellx5444\clvertalb\cellx6254\clvertalb\cellx6544\clvertalb\cellx7055\clvertalb\cellx7839\clvertalb\cellx8129\clvertalb\cellx8735\clvertalb\cellx9545\clvertalb\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalb\cellx4630\clvertalb\cellx4920\clvertalb\cellx5503\clvertalb\cellx6341\clvertalb\cellx6631\clvertalb\cellx7142\clvertalb\cellx7810\clvertalb\cellx8100\clvertalb\cellx8706\clvertalb\cellx9544\clvertalb\cellx9688\trrh25 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clvertalb\cellx4630\clvertalb\cellx4920\clvertalb\cellx5503\clvertalb\cellx6341\clvertalb\cellx6631\clvertalb\cellx7142\clvertalb\cellx7810\clvertalb\cellx8100\clvertalb\cellx8706\clvertalb\cellx9544\clvertalb\cellx9688\trrh25\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4630\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4920\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Six Months Ended December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4630\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4920\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9547\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4630\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4920\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6342\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6632\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7812\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8102\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc MasterCraft\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc NauticStar\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Consolidated\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4630\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4920\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6342\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6632\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7812\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8102\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4630\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4920\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5503\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6341\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7142\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7810\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8100\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Net sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 123,288\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 20,196\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 143,484\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4630\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4920\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5503\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6341\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7142\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7810\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8100\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx4630\clvertalb\cellx4920\clvertalb\cellx5503\clvertalb\cellx6341\clvertalb\cellx6631\clvertalb\cellx7142\clvertalb\cellx7810\clvertalb\cellx8100\clvertalb\cellx8706\clvertalb\cellx9544\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Cost of sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 88,742\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 16,645\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 105,387\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx4630\clvertalb\cellx4920\clvertalb\cellx5503\clvertalb\cellx6341\clvertalb\cellx6631\clvertalb\cellx7142\clvertalb\cellx7810\clvertalb\cellx8100\clvertalb\cellx8706\clvertalb\cellx9544\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4630\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4920\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5503\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6341\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7142\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7810\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8100\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Operating income\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 20,177\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,669\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 21,846\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4630\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4920\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5503\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6341\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7142\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7810\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8100\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx4630\clvertalb\cellx4920\clvertalb\cellx5503\clvertalb\cellx6341\clvertalb\cellx6631\clvertalb\cellx7142\clvertalb\cellx7810\clvertalb\cellx8100\clvertalb\cellx8706\clvertalb\cellx9544\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\qj Depreciation and amortization\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,608\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 602\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,210\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx4630\clvertalb\cellx4920\clvertalb\cellx5503\clvertalb\cellx6341\clvertalb\cellx6631\clvertalb\cellx7142\clvertalb\cellx7810\clvertalb\cellx8100\clvertalb\cellx8706\clvertalb\cellx9544\clvertalb\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalb\cellx4521\clvertalb\cellx4811\clvertalb\cellx5394\clvertalb\cellx6229\clvertalb\cellx6519\clvertalb\cellx7030\clvertalb\cellx7814\clvertalb\cellx8104\clvertalb\cellx8710\clvertalb\cellx9545\clvertalb\cellx9688\trrh25 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clvertalb\cellx4521\clvertalb\cellx4811\clvertalb\cellx5394\clvertalb\cellx6229\clvertalb\cellx6519\clvertalb\cellx7030\clvertalb\cellx7814\clvertalb\cellx8104\clvertalb\cellx8710\clvertalb\cellx9545\clvertalb\cellx9688\trrh25\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4521\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4811\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9548\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Six Months Ended January\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4521\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4811\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9548\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4521\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4811\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6230\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6520\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7815\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8105\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc MasterCraft\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc NauticStar\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Consolidated\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4521\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4811\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6230\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6520\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7815\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8105\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9546\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4521\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4811\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6229\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6519\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7814\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8104\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Net sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 111,823\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 111,823\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4521\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4811\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6229\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6519\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7814\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8104\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx4521\clvertalb\cellx4811\clvertalb\cellx5394\clvertalb\cellx6229\clvertalb\cellx6519\clvertalb\cellx7030\clvertalb\cellx7814\clvertalb\cellx8104\clvertalb\cellx8710\clvertalb\cellx9545\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Cost of sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 79,728\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 79,728\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx4521\clvertalb\cellx4811\clvertalb\cellx5394\clvertalb\cellx6229\clvertalb\cellx6519\clvertalb\cellx7030\clvertalb\cellx7814\clvertalb\cellx8104\clvertalb\cellx8710\clvertalb\cellx9545\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4521\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4811\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6229\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6519\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7814\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8104\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Operating income\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 18,674\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 18,674\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4521\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4811\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5394\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6229\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6519\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7814\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8104\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx4521\clvertalb\cellx4811\clvertalb\cellx5394\clvertalb\cellx6229\clvertalb\cellx6519\clvertalb\cellx7030\clvertalb\cellx7814\clvertalb\cellx8104\clvertalb\cellx8710\clvertalb\cellx9545\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Depreciation and amortization\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,622\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,622\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx4521\clvertalb\cellx4811\clvertalb\cellx5394\clvertalb\cellx6229\clvertalb\cellx6519\clvertalb\cellx7030\clvertalb\cellx7814\clvertalb\cellx8104\clvertalb\cellx8710\clvertalb\cellx9545\clvertalb\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalb\cellx5477\clvertalb\cellx5617\clvertalb\cellx5807\clvertalb\cellx7831\clvertalb\cellx7971\clvertalb\cellx8161\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clvertalb\cellx5477\clvertalb\cellx5617\clvertalb\cellx5807\clvertalb\cellx7831\clvertalb\cellx7971\clvertalb\cellx8161\clvertalb\cellx9688\trrh66\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5477\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5617\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5807\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7831\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7971\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8161\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql As of\plain\intbl\cf1\f51\fs20\b\ql December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql As of June 30,\plain\intbl\cf1\f51\fs20\b\ql 2017\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5477\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5617\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5807\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7831\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7971\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8161\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh495\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5477\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5617\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5807\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7831\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7971\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8161\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Assets\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5477\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5617\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5807\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7831\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7971\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8161\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5477\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5617\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5807\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8161\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql MasterCraft\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 82,978\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 83,321\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5477\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5617\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5807\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8161\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\clvertalb\cellx5477\clvertalb\cellx5617\clvertalb\cellx5807\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7831\clvertalb\cellx7971\clvertalb\cellx8161\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql NauticStar\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 85,664\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell{ {\trowd\clvertalb\cellx5477\clvertalb\cellx5617\clvertalb\cellx5807\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7831\clvertalb\cellx7971\clvertalb\cellx8161\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5477\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5617\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5807\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8161\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Total Assets\plain\intbl\cf1\f51\fs10\ql (a)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 168,642\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 83,321\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5477\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5617\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5807\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7831\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8161\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \par\pard\plain {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh742 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (a)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Total assets as of December 31, 2017 includes goodwill of $29,593 and $37,225 related to MasterCraft and\plain\intbl\cf1\f51\fs20\qj NauticStar, respectively. Total assets as of June 30, 2017 includes goodwill of $29,593 related to\plain\intbl\cf1\f51\fs20\qj MasterCraft.\cell{ {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh742\row}}}\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\cf1\f51\fs2\qj \~\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\sb528\cf1\f51\fs20\qc 21\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa132\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj \~{\*\bkmkstart item_1_3_2}{\*\bkmkend item_1_3_2}\par\pard\plain\cf1\f51\fs20\b\qj ITEM 2.MANAGEMENT\u8217?S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND\plain\cf1\f51\fs20\b\qj RESULTS OF OPERATIONS.{\*\bkmkstart item2managementsdiscussionandana}{\*\bkmkend item2managementsdiscussionandana}\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj The following discussion and analysis should be read together with the unaudited condensed consolidated financial\plain\cf1\f51\fs20\i\qj statements and notes thereto included elsewhere in this Quarterly Report on Form 10-Q. In addition, the statements\plain\cf1\f51\fs20\i\qj in this discussion and analysis regarding industry outlook, our expectations regarding the performance of our\plain\cf1\f51\fs20\i\qj business, anticipated financial results, liquidity and the other non-historical statements are forward-looking\plain\cf1\f51\fs20\i\qj statements. These forward-looking statements are subject to numerous risks and uncertainties, including, but not\plain\cf1\f51\fs20\i\qj limited to, the successful integration of Nautic Star, LLC into our business and the risks and uncertainties described\plain\cf1\f51\fs20\i\qj in \u8220?Cautionary Note Regarding Forward-Looking Statements\u8221? above and in \u8220?Risk\plain\cf1\f51\fs20\i\qj Factors\u8221? set forth in our Annual Report on Form 10-K for the fiscal year ended June 30, 2017 and in our\plain\cf1\f51\fs20\i\qj Quarterly Report on Form 10-Q for the fiscal quarter ended October 1, 2017. Our actual results may differ\plain\cf1\f51\fs20\i\qj materially from those contained in or implied by any forward-looking statements.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Overview\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj We are a world-renowned innovator, designer, manufacturer, and marketer of recreational sport boats, including\plain\cf1\f51\fs20\qj performance sport boats, salt water fishing and general recreational boats. We have a leading market position in the\plain\cf1\f51\fs20\qj U.S., a strong international presence, and dealers around the world. Our boats are used for water skiing,\plain\cf1\f51\fs20\qj wakeboarding, wake surfing, and salt water fishing as well as general recreational boating. Our robust product\plain\cf1\f51\fs20\qj portfolio is manufactured to the highest standards of quality, performance, and styling.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj We sell our boats through an extensive network of independent dealers in North America and internationally.\plain\cf1\f51\fs20\qj Through our MasterCraft segment, we partner with 96 North American dealers with 160 locations and 50\plain\cf1\f51\fs20\qj international dealers with 82 locations throughout the rest of the world. Through our NauticStar segment, we partner\plain\cf1\f51\fs20\qj with 80 North American dealers with 84 locations. For the six months ended December 31, 2017, 91.1% of our net\plain\cf1\f51\fs20\qj sales were generated from North America and 8.9% of our net sales were generated from outside of North America.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Outlook\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj Our sales are impacted by general economic conditions, which affect the demand for our products, the demand for\plain\cf1\f51\fs20\qj optional features, the availability of credit for our dealers and retail consumers, and overall consumer confidence.\plain\cf1\f51\fs20\qj While the performance sport boat, salt water fishing and general recreational categories have grown in recent years,\plain\cf1\f51\fs20\qj new unit sales remain significantly below historical peaks. While there is no guarantee that our market will continue\plain\cf1\f51\fs20\qj to grow, we believe that increased consumer demand, limited used boat inventory and the superior quality,\plain\cf1\f51\fs20\qj performance, styling, and value proposition of our recently released boats present a long runway for future growth.\plain\cf1\f51\fs20\qj Our revamped manufacturing and product development processes have led to operational efficiencies which we\plain\cf1\f51\fs20\qj expect will continue to drive margin expansion.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs18\b\qj Recent Transactions\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Acquisition of Nautic Star, LLC\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\ql On October 2, 2017, we completed the acquisition of Nautic Star, LLC. The aggregate purchase price was $80.5\plain\cf1\f51\fs20\ql million, including customary adjustments for the amount of working capital in the acquired business at the closing\plain\cf1\f51\fs20\ql date. A portion of the purchase price was deposited into an escrow account in order to secure certain post-closing\plain\cf1\f51\fs20\ql obligations of the\par\pard\plain\sb528\cf1\f51\fs20\qc 22\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\ql former members of NauticStar. Due to the timing of the acquisition, the Company has not completed the valuation\plain\cf1\f51\fs20\ql of assets acquired or liabilities assumed.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Third Amended and Restated Credit Agreement\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj On October 2, 2017, we entered into a Third Amended and Restated Credit and Guaranty Agreement with Fifth\plain\cf1\f51\fs20\qj Third Bank, as the agent and letter of credit issuer, and the lenders party thereto (the \u8220?Third Amended Credit\plain\cf1\f51\fs20\qj Agreement\u8221?). The Third Amended Credit Agreement replaced and paid off our Second Amended and\plain\cf1\f51\fs20\qj Restated Credit Agreement, dated May 27, 2016. The Third Amended Credit Agreement provides us with a $145\plain\cf1\f51\fs20\qj million senior secured credit facility, consisting of a $115 million term loan (the \u8220?Third Term Loan\u8221?)\plain\cf1\f51\fs20\qj and a $30 million revolving credit facility. On October 17, 2017, and December 1, 2017, we made voluntary\plain\cf1\f51\fs20\qj payments on the Third Term Loan of $10.0 million and $7.0 million, respectively, out of excess cash.\par\pard\plain\cf1\f51\fs20\qj \~{\*\bkmkstart _hlk480788486_12035971}{\*\bkmkend _hlk480788486_12035971}\par\pard\plain\cf1\f51\fs20\b\qj Seasonality and Other Factors That Affect Our Business\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj Our operating results are subject to annual and seasonal fluctuations resulting from a variety of factors, including:\par\pard\plain\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh1012 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj seasonal variations in retail demand for boats, with a significant majority of sales occurring during peak\plain\intbl\cf1\f51\fs20\qj boating season, which we attempt to manage by providing incentive programs and floor plan subsidies to\plain\intbl\cf1\f51\fs20\qj encourage dealer purchases throughout the year, which may include offering off-season retail promotions\plain\intbl\cf1\f51\fs20\qj to our dealers in seasonally slow months, during and ahead of boat shows, to encourage retail demand;\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh1012\row}}}\pard\plain\li792\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh518 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj product mix, which is driven by boat model mix and option order rates; product mix can significantly\plain\intbl\cf1\f51\fs20\qj affect margins, sales of larger boats and boats with optional content produce higher absolute profits;\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj inclement weather, which can affect production at our manufacturing facility as well as consumer demand;\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270\row}}}\pard\plain\li792\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh518 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj competition from other performance sports boat, salt water fishing boat and general recreational boat\plain\intbl\cf1\f51\fs20\qj manufacturers;\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj general economic conditions; and\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270\row}}}\pard\plain\li792\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh248 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj foreign currency exchange rates.\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Key Performance Measures\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj From time to time we use certain key performance measures in evaluating our business and results of operations\plain\cf1\f51\fs20\qj and we may refer to one or more of these key performance measures in this \u8220?Management\u8217?s\plain\cf1\f51\fs20\qj Discussion and Analysis of Financial Condition and Results of Operations.\u8221? These key performance measures\plain\cf1\f51\fs20\qj include:\par\pard\plain\li792\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh518 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\i\qj Unit volume\plain\intbl\cf1\f51\fs20\qj \~\u8212? We define unit volume as the number of our boats sold to our dealers during a\plain\intbl\cf1\f51\fs20\qj period.\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\i\qj Net sales per unit\plain\intbl\cf1\f51\fs20\qj \~\u8212? We define net sales per unit as net sales divided by unit volume.\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270\row}}}\pard\plain\li792\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh518 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\i\qj Gross margin\plain\intbl\cf1\f51\fs20\qj \~\u8212? We define gross margin as gross profit divided by net sales, expressed as a\plain\intbl\cf1\f51\fs20\qj percentage.\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh1012 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\i\qj Adjusted EBITDA\plain\intbl\cf1\f51\fs20\qj \~\u8212? We define Adjusted EBITDA as earnings before interest expense, income taxes,\plain\intbl\cf1\f51\fs20\qj depreciation, and amortization, as further adjusted to eliminate certain non-cash charges and unusual items\plain\intbl\cf1\f51\fs20\qj that we do not consider to be indicative of our ongoing operations. For a reconciliation of Adjusted\plain\intbl\cf1\f51\fs20\qj EBITDA to net income, see \u8220?Non-GAAP Measures\u8221? below.\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh1012\row}}}\pard\plain\li792\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh742 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\i\qj Adjusted net income\plain\intbl\cf1\f51\fs20\qj \~\u8212? We define Adjusted net income as net income excluding income taxes\plain\intbl\cf1\f51\fs20\qj adjusted to eliminate certain non-cash charges and unusual items that we do not consider to be indicative\plain\intbl\cf1\f51\fs20\qj of our ongoing\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh742\row}}}\pard\plain\sb528\cf1\f51\fs20\qc 23\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}} \par\pard\plain {\trowd\cellx9688\trrh495 \pard\plain\intbl\li792\cf1\f51\fs20\qj operations and an adjustment for income tax expense at a normalized annual effective tax rate. For a\plain\intbl\li792\cf1\f51\fs20\qj reconciliation of Adjusted net income to net income, see \u8220?Non-GAAP Measures\u8221? below.\cell{ {\trowd\cellx9688\trrh495\row}}}\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Components of Results of Operations\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Net Sales\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj We generate sales from the sale of boats, trailers, and accessories to our dealers. The substantial majority of our net\plain\cf1\f51\fs20\qj sales are derived from the sale of boats, including optional features included at the time of the initial wholesale\plain\cf1\f51\fs20\qj purchase of the boat. Net sales consist of the following:\par\pard\plain\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Gross sales, which are derived from:\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270\row}}}\pard\plain\li1584\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\clvertalc\cellx1080\cellx1420\clvertalc\cellx1440\cellx9688\trrh518 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\i\qj Boat sales\plain\intbl\cf1\f51\fs20\qj \~\u8212? sales of boats to our dealer network. In addition, nearly all of our boat sales\plain\intbl\cf1\f51\fs20\qj include optional feature upgrades, which increase the average selling price of our boats; and\cell{ {\trowd\clvertalc\cellx1080\cellx1420\clvertalc\cellx1440\cellx9688\trrh518\row}}}\pard\plain\li1584\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\clvertalc\cellx1080\cellx1420\clvertalc\cellx1440\cellx9688\trrh518 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\i\qj Trailers, parts and accessories, and other revenues\plain\intbl\cf1\f51\fs20\qj \~\u8212? sales of boat trailers, replacement and\plain\intbl\cf1\f51\fs20\qj aftermarket boat parts and accessories, and transportation charges to our dealer network.\cell{ {\trowd\clvertalc\cellx1080\cellx1420\clvertalc\cellx1440\cellx9688\trrh518\row}}}\pard\plain\li1584\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Net of:\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh270\row}}}\pard\plain\li1584\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\clvertalc\cellx1080\cellx1420\clvertalc\cellx1440\cellx9688\trrh1732 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\i\qj Dealer programs and flooring subsidies\plain\intbl\cf1\f51\fs20\qj \~\u8212? incentives, including rebates and\plain\intbl\cf1\f51\fs20\qj subsidized flooring, we provide to our dealers to drive volume and level dealer purchases\plain\intbl\cf1\f51\fs20\qj throughout the year. If a dealer meets certain volume levels over the course of the year\plain\intbl\cf1\f51\fs20\qj during certain defined periods, the dealer will be entitled to a specified rebate. These\plain\intbl\cf1\f51\fs20\qj rebates change annually and may include volume and exclusivity incentives. Dealers who\plain\intbl\cf1\f51\fs20\qj participate in our floor plan financing program may be entitled to have their flooring costs\plain\intbl\cf1\f51\fs20\qj subsidized by us to promote dealer orders in the offseason.\cell{ {\trowd\clvertalc\cellx1080\cellx1420\clvertalc\cellx1440\cellx9688\trrh1732\row}}}\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Cost of Sales\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj Our cost of sales includes all of the costs to manufacture our products, including raw materials, components,\plain\cf1\f51\fs20\qj supplies, direct labor, and factory overhead. For components and accessories manufactured by third-party vendors,\plain\cf1\f51\fs20\qj our costs are the amounts invoiced to us by the vendors. Cost of sales includes shipping and handling costs,\plain\cf1\f51\fs20\qj depreciation expense related to manufacturing equipment and facilities, and warranty costs associated with the repair\plain\cf1\f51\fs20\qj or replacement of our boats under warranty.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Operating Expenses\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj Our operating expenses include selling and marketing costs, general and administrative costs, and amortization costs.\plain\cf1\f51\fs20\qj These items include personnel and related expenses, non-manufacturing overhead, and various other operating\plain\cf1\f51\fs20\qj expenses. Further, selling and marketing expenditures include the cost of advertising and marketing materials.\plain\cf1\f51\fs20\qj General and administrative expenses include, among other things, salaries, benefits, and other personnel related\plain\cf1\f51\fs20\qj expenses for employees engaged in product development, engineering, finance, information technology, human\plain\cf1\f51\fs20\qj resources, and executive management. Other costs include outside legal and accounting fees, acquisition or\plain\cf1\f51\fs20\qj integration related expenses, investor relations, risk management (insurance), and other administrative costs.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Other Expense\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj Other expense includes interest expense. Interest expense consists of interest charged under our credit facilities,\plain\cf1\f51\fs20\qj including deferred financing fees and debt issuance costs written off in connection with the pay down of amounts\plain\cf1\f51\fs20\qj owed on our credit facilities.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\sb528\cf1\f51\fs20\qc 24\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\i\qj Income Tax Expense\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj Our accounting for income tax expense reflects management\u8217?s assessment of future tax assets and liabilities\plain\cf1\f51\fs20\qj based on assumptions and estimates for timing, likelihood of realization, and tax laws existing at the time of\plain\cf1\f51\fs20\qj evaluation. We record a valuation allowance, when appropriate, to reduce deferred tax assets to an amount that is\plain\cf1\f51\fs20\qj more likely than not to be realized.\par\pard\plain\sb264\cf1\f51\fs20\b\qj Results of Operations\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\qj The table below sets forth our results of operations for the periods presented. Our financial results for these periods\plain\sa132\cf1\f51\fs20\qj are not necessarily indicative of the financial results that we will achieve in future periods. \par\pard\plain {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clvertalb\cellx3194\clvertalb\cellx3982\clvertalb\cellx4338\clvertalb\cellx4922\clvertalb\cellx5706\clvertalb\cellx6062\clvertalb\cellx6748\clvertalb\cellx7570\clvertalb\cellx7926\clvertalb\cellx8510\clvertalb\cellx9326\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clvertalb\cellx3194\clvertalb\cellx3982\clvertalb\cellx4338\clvertalb\cellx4922\clvertalb\cellx5706\clvertalb\cellx6062\clvertalb\cellx6748\clvertalb\cellx7570\clvertalb\cellx7926\clvertalb\cellx8510\clvertalb\cellx9326\clvertalb\cellx9688\trrh66\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2218\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5708\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6064\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9330\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Three Months Ended\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Six Months Ended\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2218\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5708\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6064\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9330\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2218\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx3983\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4339\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5707\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6063\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7572\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7928\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9328\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc January\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc January\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\b\ql \~\~\~\~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2218\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx3983\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4339\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5707\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6063\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7572\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7928\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9328\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2218\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2508\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5708\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6064\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9330\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2218\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2508\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5708\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6064\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9330\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2218\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2508\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5708\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6064\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9330\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\qc (Dollars\~in\~thousands)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc (Dollars\~in\~thousands)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2218\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2508\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5708\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6064\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9330\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh495 \pard\plain\intbl\cf1\f51\fs20\b\ql Consolidated statement\plain\intbl\cf1\f51\fs20\b\ql of operations\plain\intbl\cf1\f51\fs20\ql :\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh495\row}}} {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clvertalb\cellx3194\clvertalb\cellx3982\clvertalb\cellx4338\clvertalb\cellx4922\clvertalb\cellx5706\clvertalb\cellx6062\clvertalb\cellx6748\clvertalb\cellx7570\clvertalb\cellx7926\clvertalb\cellx8510\clvertalb\cellx9326\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clvertalb\cellx3194\clvertalb\cellx3982\clvertalb\cellx4338\clvertalb\cellx4922\clvertalb\cellx5706\clvertalb\cellx6062\clvertalb\cellx6748\clvertalb\cellx7570\clvertalb\cellx7926\clvertalb\cellx8510\clvertalb\cellx9326\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Net sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 78,435\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 51,134\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 143,484\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 111,823\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3194\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3982\clvertalb\cellx4338\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4922\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5706\clvertalb\cellx6062\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6748\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7570\clvertalb\cellx7926\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8510\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9326\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Cost of sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 58,501\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 36,848\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 105,387\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 79,728\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3194\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3982\clvertalb\cellx4338\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4922\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5706\clvertalb\cellx6062\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6748\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7570\clvertalb\cellx7926\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8510\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9326\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Gross profit\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 19,934\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 14,286\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 38,097\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 32,095\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clvertalb\cellx3194\clvertalb\cellx3982\clvertalb\cellx4338\clvertalb\cellx4922\clvertalb\cellx5706\clvertalb\cellx6062\clvertalb\cellx6748\clvertalb\cellx7570\clvertalb\cellx7926\clvertalb\cellx8510\clvertalb\cellx9326\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Operating expenses:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clvertalb\cellx3194\clvertalb\cellx3982\clvertalb\cellx4338\clvertalb\cellx4922\clvertalb\cellx5706\clvertalb\cellx6062\clvertalb\cellx6748\clvertalb\cellx7570\clvertalb\cellx7926\clvertalb\cellx8510\clvertalb\cellx9326\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Selling and marketing\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 3,672\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,444\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 6,409\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 4,498\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clvertalb\cellx3194\clvertalb\cellx3982\clvertalb\cellx4338\clvertalb\cellx4922\clvertalb\cellx5706\clvertalb\cellx6062\clvertalb\cellx6748\clvertalb\cellx7570\clvertalb\cellx7926\clvertalb\cellx8510\clvertalb\cellx9326\clvertalb\cellx9688\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql General and\plain\intbl\cf1\f51\fs20\ql administrative\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 4,955\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 4,776\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 9,290\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 8,869\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clvertalb\cellx3194\clvertalb\cellx3982\clvertalb\cellx4338\clvertalb\cellx4922\clvertalb\cellx5706\clvertalb\cellx6062\clvertalb\cellx6748\clvertalb\cellx7570\clvertalb\cellx7926\clvertalb\cellx8510\clvertalb\cellx9326\clvertalb\cellx9688\trrh495\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql Amortization of intangible\plain\intbl\cf1\f51\fs20\ql assets\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 525\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 27\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 552\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 54\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh495\row}}} {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3194\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3982\clvertalb\cellx4338\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4922\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5706\clvertalb\cellx6062\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6748\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7570\clvertalb\cellx7926\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8510\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9326\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Total operating expenses\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 9,152\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 7,247\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 16,251\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 13,421\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3194\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3982\clvertalb\cellx4338\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4922\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5706\clvertalb\cellx6062\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6748\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7570\clvertalb\cellx7926\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8510\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9326\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Operating income\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 10,782\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 7,039\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 21,846\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 18,674\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clvertalb\cellx3194\clvertalb\cellx3982\clvertalb\cellx4338\clvertalb\cellx4922\clvertalb\cellx5706\clvertalb\cellx6062\clvertalb\cellx6748\clvertalb\cellx7570\clvertalb\cellx7926\clvertalb\cellx8510\clvertalb\cellx9326\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Other expense:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clvertalb\cellx3194\clvertalb\cellx3982\clvertalb\cellx4338\clvertalb\cellx4922\clvertalb\cellx5706\clvertalb\cellx6062\clvertalb\cellx6748\clvertalb\cellx7570\clvertalb\cellx7926\clvertalb\cellx8510\clvertalb\cellx9326\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Interest expense\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,139\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 512\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,630\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,123\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clvertalb\cellx3194\clvertalb\cellx3982\clvertalb\cellx4338\clvertalb\cellx4922\clvertalb\cellx5706\clvertalb\cellx6062\clvertalb\cellx6748\clvertalb\cellx7570\clvertalb\cellx7926\clvertalb\cellx8510\clvertalb\cellx9326\clvertalb\cellx9688\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql Income before income tax\plain\intbl\cf1\f51\fs20\ql expense\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 9,643\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 6,527\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 20,216\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 17,551\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clvertalb\cellx3194\clvertalb\cellx3982\clvertalb\cellx4338\clvertalb\cellx4922\clvertalb\cellx5706\clvertalb\cellx6062\clvertalb\cellx6748\clvertalb\cellx7570\clvertalb\cellx7926\clvertalb\cellx8510\clvertalb\cellx9326\clvertalb\cellx9688\trrh495\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Income tax expense\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,634\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,496\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 5,161\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 6,537\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3194\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3982\clvertalb\cellx4338\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4922\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5706\clvertalb\cellx6062\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6748\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7570\clvertalb\cellx7926\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8510\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9326\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Net income\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 8,009\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 4,031\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 15,055\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 11,014\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3194\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3982\clvertalb\cellx4338\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4922\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5706\clvertalb\cellx6062\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6748\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7570\clvertalb\cellx7926\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8510\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9326\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh495 \pard\plain\intbl\cf1\f51\fs20\b\ql Additional financial and\plain\intbl\cf1\f51\fs20\b\ql other data:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh495\row}}} {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clvertalb\cellx3194\clvertalb\cellx3982\clvertalb\cellx4338\clvertalb\cellx4922\clvertalb\cellx5706\clvertalb\cellx6062\clvertalb\cellx6748\clvertalb\cellx7570\clvertalb\cellx7926\clvertalb\cellx8510\clvertalb\cellx9326\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Unit volume:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clvertalb\cellx3194\clvertalb\cellx3982\clvertalb\cellx4338\clvertalb\cellx4922\clvertalb\cellx5706\clvertalb\cellx6062\clvertalb\cellx6748\clvertalb\cellx7570\clvertalb\cellx7926\clvertalb\cellx8510\clvertalb\cellx9326\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\li132\cf1\f51\fs20\ql MasterCraft\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 675\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 631\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,450\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,349\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clvertalb\cellx3194\clvertalb\cellx3982\clvertalb\cellx4338\clvertalb\cellx4922\clvertalb\cellx5706\clvertalb\cellx6062\clvertalb\cellx6748\clvertalb\cellx7570\clvertalb\cellx7926\clvertalb\cellx8510\clvertalb\cellx9326\clvertalb\cellx9688\trrh248 \pard\plain\intbl\li132\cf1\f51\fs20\ql NauticStar\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 526\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 526\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clvertalb\cellx3194\clvertalb\cellx3982\clvertalb\cellx4338\clvertalb\cellx4922\clvertalb\cellx5706\clvertalb\cellx6062\clvertalb\cellx6748\clvertalb\cellx7570\clvertalb\cellx7926\clvertalb\cellx8510\clvertalb\cellx9326\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql MasterCraft sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 58,239\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 51,134\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 123,288\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 111,823\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3194\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3982\clvertalb\cellx4338\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4922\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5706\clvertalb\cellx6062\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6748\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7570\clvertalb\cellx7926\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8510\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9326\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql NauticStar sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 20,196\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 20,196\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3194\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3982\clvertalb\cellx4338\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4922\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5706\clvertalb\cellx6062\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6748\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7570\clvertalb\cellx7926\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8510\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9326\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Consolidated sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 78,435\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 51,134\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 143,484\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 111,823\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clvertalb\cellx3194\clvertalb\cellx3982\clvertalb\cellx4338\clvertalb\cellx4922\clvertalb\cellx5706\clvertalb\cellx6062\clvertalb\cellx6748\clvertalb\cellx7570\clvertalb\cellx7926\clvertalb\cellx8510\clvertalb\cellx9326\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Per Unit:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clvertalb\cellx3194\clvertalb\cellx3982\clvertalb\cellx4338\clvertalb\cellx4922\clvertalb\cellx5706\clvertalb\cellx6062\clvertalb\cellx6748\clvertalb\cellx7570\clvertalb\cellx7926\clvertalb\cellx8510\clvertalb\cellx9326\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\li132\cf1\f51\fs20\ql MasterCraft sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 86\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 81\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 85\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 83\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3194\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3982\clvertalb\cellx4338\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4922\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5706\clvertalb\cellx6062\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6748\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7570\clvertalb\cellx7926\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8510\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9326\clvertalb\cellx9688\trrh248 \pard\plain\intbl\li132\cf1\f51\fs20\ql NauticStar sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 38\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 38\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3194\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3982\clvertalb\cellx4338\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4922\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5706\clvertalb\cellx6062\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6748\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7570\clvertalb\cellx7926\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8510\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9326\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\li132\cf1\f51\fs20\ql Consolidated sales\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 65\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 81\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 73\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 83\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2218\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3982\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4338\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4922\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6062\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8510\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3194\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3982\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4338\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4922\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5706\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6062\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6748\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7570\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7926\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8510\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9326\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Gross margin\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 25.4\cell\pard\plain\intbl\cf1\f51\fs20\ql %\~\~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 27.9\cell\pard\plain\intbl\cf1\f51\fs20\ql %\~\~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 26.6\cell\pard\plain\intbl\cf1\f51\fs20\ql %\~\~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 28.7\cell\pard\plain\intbl\cf1\f51\fs20\ql %\~\~\cell{ {\trowd\trqc\clvertalb\cellx2218\clvertalb\cellx2508\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3194\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3982\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4338\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4922\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5706\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6062\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6748\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7570\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7926\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8510\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9326\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Three months ended December 31, 2017 Compared to Three months ended January 1, 2017\par\pard\plain\cf1\f51\fs18\qj \~{\*\bkmkstart _hlk480461509_12035971}{\*\bkmkend _hlk480461509_12035971}\par\pard\plain\cf1\f51\fs20\i\qj Net Sales.\plain\cf1\f51\fs20\qj \~Net sales for the three months ended December 31, 2017, increased 53.4%, or $27.3 million to $78.4\plain\cf1\f51\fs20\qj million compared to $51.1 million for the three months ended January 1, 2017. The increase was primarily due to\plain\cf1\f51\fs20\qj the inclusion of NauticStar which increased net sales by 39.5%, or $20.2 million. The remaining increase of 13.9%,\plain\cf1\f51\fs20\qj or $7.1 million, was attributable to an increase in MasterCraft unit sales volume, favorable product mix and price\plain\cf1\f51\fs20\qj increases.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Cost of Sales.\plain\cf1\f51\fs20\qj \~Our cost of sales increased $21.7 million, or 58.8%, to $58.5\~million for the three months ended\plain\cf1\f51\fs20\qj December 31, 2017 compared to $36.8 million for the three months ended January 1, 2017. The increase in cost of\plain\cf1\f51\fs20\qj sales resulted primarily\par\pard\plain\sb528\cf1\f51\fs20\qc 25\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\qj from the inclusion of NauticStar, which increased cost of sales by 45.2%, or $16.7 million. The remaining increase\plain\cf1\f51\fs20\qj was primarily due to higher material and shipping costs and a 7.0% increase in MasterCraft unit volume.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Gross Profit.\plain\cf1\f51\fs20\qj \~For the three months ended December 31, 2017, our gross profit increased $5.6\~million, or 39.5%, to\plain\cf1\f51\fs20\qj $19.9\~million compared to $14.3\~million for the three months ended January 1, 2017. The inclusion of NauticStar\plain\cf1\f51\fs20\qj contributed $3.5 million to gross profit. An increase in MasterCraft unit sales volume, a favorable product mix and\plain\cf1\f51\fs20\qj price increases, offset by higher material and shipping costs accounted for the remaining increase in gross profit.\plain\cf1\f51\fs20\qj Gross margin decreased to 25.4% for the three months ended December 31, 2017 compared to 27.9% for the three\plain\cf1\f51\fs20\qj months ended January 1, 2017. The decrease in gross margin was primarily due to the dilutive effect from the\plain\cf1\f51\fs20\qj inclusion of NauticStar\u8217?s gross margin which is in the high-teens.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Operating Expenses.\plain\cf1\f51\fs20\qj \~Selling and marketing expense increased $1.3\~million, or 50.2%, to $3.7 million for the three\plain\cf1\f51\fs20\qj months ended December 31, 2017 compared to $2.4\~million for the three months ended January 1, 2017. This\plain\cf1\f51\fs20\qj increase resulted mainly from the inclusion of NauticStar, which increased selling and marketing expenses by $0.6\plain\cf1\f51\fs20\qj million, an increase in dealer meeting costs and an increase in promotion activities. General and administrative\plain\cf1\f51\fs20\qj expense increased by $0.2\~million, or 3.7%, to $5.0\~million for the three months ended December 31, 2017\plain\cf1\f51\fs20\qj compared to $4.8\~million for the three months ended January 1, 2017. This increase resulted mainly from the\plain\cf1\f51\fs20\qj inclusion of NauticStar, which increased general and administrative expenses by $0.8 million, and an increase of\plain\cf1\f51\fs20\qj $0.5 million for legal and advisory fees related to our acquisition of NauticStar. Increases in general and\plain\cf1\f51\fs20\qj administrative expenses due to NauticStar were partially offset by a decrease of $0.9 million for legal and advisory\plain\cf1\f51\fs20\qj fees related to our litigation with Malibu Boats, which was subsequently settled during the fourth quarter of fiscal\plain\cf1\f51\fs20\qj 2017. Operating expenses as a percentage of net sales was 11.7% during the three months ended December 31,\plain\cf1\f51\fs20\qj 2017 compared to 14.2% for the three months ended January 1, 2017. This favorable impact resulted from leverage\plain\cf1\f51\fs20\qj experienced through significant net sales increases compared to increases in selling and marketing expenses and\plain\cf1\f51\fs20\qj general and administrative expenses.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Other Expense.\plain\cf1\f51\fs20\qj \~Interest expense increased for the three months ended December 31, 2017 compared to the three\plain\cf1\f51\fs20\qj months ended January 1, 2017. The increase is due to an increase in our term loan balance when compared to the\plain\cf1\f51\fs20\qj principal balance owed on our term loan during the three months ended January 1, 2017.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Income Tax Expense.\plain\cf1\f51\fs20\qj \~ \~Our results for the three months ended December 31, 2017 reflect the impact of the\plain\cf1\f51\fs20\qj enactment of the Tax Cuts and Jobs Act (\u8220?Tax Reform Act\u8221?), which was signed into law on December\plain\cf1\f51\fs20\qj 22, 2017. The Tax Reform Act reduced federal corporate income tax rates and changed numerous other provisions.\plain\cf1\f51\fs20\qj As we have a June 30 fiscal year-end, the lower corporate federal income tax rate will be phased in, resulting in a\plain\cf1\f51\fs20\qj U.S. federal statutory tax rate of 28.1% for our fiscal year ending June 30, 2018, and 21% for subsequent fiscal\plain\cf1\f51\fs20\qj years. The quarter ended December 31, 2017 included a year-to-date provisional expense of approximately $171 to\plain\cf1\f51\fs20\qj reflect federal deferred taxes at the lower blended effective tax rate. This adjustment to the provision was more than\plain\cf1\f51\fs20\qj offset by a one-time discrete provisional benefit of approximately $651 as a result of applying the new lower\plain\cf1\f51\fs20\qj federal income tax rates to our net deferred tax liabilities.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The changes included in the Tax Reform Act are broad and complex. The final transition impacts may differ from\plain\cf1\f51\fs20\qj the above estimate, due to, among other things, changes in interpretations, any legislative action to address questions\plain\cf1\f51\fs20\qj that arise because of the Tax Reform Act, any changes in accounting standards for income taxes or related\plain\cf1\f51\fs20\qj interpretations in response to the Tax Reform Act, or any updates or changes to estimates we have utilized to\plain\cf1\f51\fs20\qj calculate the transition impacts. The SEC issued guidance in Staff Accounting Bulletin 118 which allows us to\plain\cf1\f51\fs20\qj record provisional amounts during a one-year measurement period.\~\~We have determined a reasonable estimate for\plain\cf1\f51\fs20\qj the measurement and accounting for certain effects of the Tax Reform Act, including the re-measurement of our net\plain\cf1\f51\fs20\qj deferred tax assets and liabilities, which have been reflected as provisional amounts in the December 31, 2017\plain\cf1\f51\fs20\qj financial statements. The amounts represent our best estimates based on records, information, and current\plain\cf1\f51\fs20\qj guidance.\~\~Additional information and analysis is required to finalize the impact that the Tax Reform Act will have\plain\cf1\f51\fs20\qj on our full year financial results.\~\~This includes filing the fiscal 2017 United States\par\pard\plain\sb528\cf1\f51\fs20\qc 26\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\qj federal income tax return, which could impact our estimated deferred income tax assets and liabilities.\~\~Although we\plain\cf1\f51\fs20\qj do not anticipate material adjustments to the provisional amounts, final results could vary from these provisional\plain\cf1\f51\fs20\qj amounts. We currently anticipate finalizing and recording any resulting adjustments by the end of our current fiscal\plain\cf1\f51\fs20\qj year ending June 30, 2018.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Our income tax expense was $1.6 million for the three months ended December 31, 2017, reflecting an effective tax\plain\cf1\f51\fs20\qj rate of 16.9%.\~\~Our effective tax rate during the three months ended December 31, 2017 was lower than the 28.1%\plain\cf1\f51\fs20\qj statutory rate primarily due to the impact of the Tax Reform Act, and a permanent benefit associated with the\plain\cf1\f51\fs20\qj domestic production activities deduction, which was partially offset by the inclusion of the state tax rate in the\plain\cf1\f51\fs20\qj overall effective rate.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Six months ended December 31, 2017 Compared to Six months ended January 1, 2017\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Net Sales.\plain\cf1\f51\fs20\qj \~Net sales for the six months ended December 31, 2017, increased 28.3%, or $31.7 million to $143.5\plain\cf1\f51\fs20\qj million compared to $111.8 million for the six months ended January 1, 2017. The increase was primarily due to\plain\cf1\f51\fs20\qj the inclusion of NauticStar which increased net sales by 18.1%, or $20.2 million. The remaining increase of 10.2%,\plain\cf1\f51\fs20\qj or $11.5 million, was attributable to MasterCraft primarily due to an increase in unit sales volume, favorable\plain\cf1\f51\fs20\qj product mix and price increases.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Cost of Sales.\plain\cf1\f51\fs20\qj \~Our cost of sales increased $25.7 million, or 32.2%, to $105.4\~million for the six months ended\plain\cf1\f51\fs20\qj December 31, 2017 compared to $79.7 million for the six months ended January 1, 2017. The increase in cost of\plain\cf1\f51\fs20\qj sales resulted primarily from the inclusion of NauticStar, which increased cost of sales by 20.9%, or $16.6 million.\plain\cf1\f51\fs20\qj The remaining increase was primarily due to higher material and shipping costs, a 7.5% increase in MasterCraft unit\plain\cf1\f51\fs20\qj volume and an increase in cost over the prior year due to our model year change over that occurred during the first\plain\cf1\f51\fs20\qj quarter of fiscal 2018. \~\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Gross Profit.\plain\cf1\f51\fs20\qj \~For the six months ended December 31, 2017, our gross profit increased $6.0\~million, or 18.7%, to\plain\cf1\f51\fs20\qj $38.1\~million compared to $32.1\~million for the six months ended January 1, 2017. The inclusion of NauticStar\plain\cf1\f51\fs20\qj contributed $3.5 million to gross profit. The remaining increase was due to an increase in MasterCraft unit sales\plain\cf1\f51\fs20\qj volume and favorable pricing, partially offset by higher material and shipping costs. Gross margin decreased to\plain\cf1\f51\fs20\qj 26.6% for the six months ended December 31, 2017 compared to 28.7% for the six months ended January 1, 2017.\plain\cf1\f51\fs20\qj The decrease in gross margin was primarily due to the dilutive effect from the inclusion of NauticStar\u8217?s\plain\cf1\f51\fs20\qj gross margin which is in the high-teens.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Operating Expenses.\plain\cf1\f51\fs20\qj \~Selling and marketing expense increased $1.9\~million, or 42.5%, to $6.4 million for the six\plain\cf1\f51\fs20\qj months ended December 31, 2017 compared to $4.5\~million for the six months ended January 1, 2017. This increase\plain\cf1\f51\fs20\qj resulted mainly from the inclusion of NauticStar, which increased selling and marketing expenses by $0.6 million,\plain\cf1\f51\fs20\qj an increase in dealer training costs, an increase in dealer meeting costs and increased promotion activities related to\plain\cf1\f51\fs20\qj the introduction of the redesigned 2018 MasterCraft XStar. General and administrative expense increased by\plain\cf1\f51\fs20\qj $0.4\~million, or 4.7%, to $9.3\~million for the six months ended December 31, 2017 compared to $8.9\~million for the\plain\cf1\f51\fs20\qj six months ended January 1, 2017. This increase resulted mainly from the inclusion of NauticStar, which increased\plain\cf1\f51\fs20\qj general and administrative expenses by $0.8 million, and an increase of $1.4 million for legal and advisory fees\plain\cf1\f51\fs20\qj related to our acquisition of NauticStar. Increases in general and administrative expenses due to NauticStar were\plain\cf1\f51\fs20\qj partially offset by a decrease of $1.7 million for legal and advisory fees related to our litigation with Malibu Boats,\plain\cf1\f51\fs20\qj which was subsequently settled during the fourth quarter of fiscal 2017. Operating expenses as a percentage of net\plain\cf1\f51\fs20\qj sales was 11.3% during the six months ended December 31, 2017 compared to 12.0% for the six months ended\plain\cf1\f51\fs20\qj January 1, 2017. This favorable impact resulted from leverage experienced through significant net sales increases\plain\cf1\f51\fs20\qj compared to increases in selling and marketing expenses and general and administrative expenses.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Other Expense.\plain\cf1\f51\fs20\qj \~Interest expense increased for the six months ended December 31, 2017 compared to the six\plain\cf1\f51\fs20\qj months ended January 1, 2017. The increase is due to an increase in our term loan balance when compared to the\plain\cf1\f51\fs20\qj principal balance owed on our term loan during the six months ended January 1, 2017.\par\pard\plain\cf1\f51\fs18\qj \~\par\pard\plain\sb528\cf1\f51\fs20\qc 27\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\i\qj Income Tax Expense.\plain\cf1\f51\fs20\qj \~ \~Our results for the six months ended December 31, 2017 reflect the impact of the enactment\plain\cf1\f51\fs20\qj of the Tax Cuts and Jobs Act (\u8220?Tax Reform Act\u8221?), which was signed into law on December 22, 2017.\plain\cf1\f51\fs20\qj The Tax Reform Act reduced federal corporate income tax rates and changed numerous other provisions. As we\plain\cf1\f51\fs20\qj have a June 30 fiscal year-end, the lower corporate federal income tax rate will be phased in, resulting in a U.S.\plain\cf1\f51\fs20\qj federal statutory tax rate of 28.1% for our fiscal year ending June 30, 2018, and 21% for subsequent fiscal years.\plain\cf1\f51\fs20\qj The six months ended December 31, 2017 included a year-to-date provisional expense of approximately $171 to\plain\cf1\f51\fs20\qj reflect federal deferred taxes at the lower blended effective tax rate. This adjustment to the provision was more than\plain\cf1\f51\fs20\qj offset by a one-time discrete provisional benefit of approximately $651 as a result of applying the new lower\plain\cf1\f51\fs20\qj federal income tax rates to our net deferred tax liabilities.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The changes included in the Tax Reform Act are broad and complex. The final transition impacts may differ from\plain\cf1\f51\fs20\qj the above estimate, due to, among other things, changes in interpretations, any legislative action to address questions\plain\cf1\f51\fs20\qj that arise because of the Tax Reform Act, any changes in accounting standards for income taxes or related\plain\cf1\f51\fs20\qj interpretations in response to the Tax Reform Act, or any updates or changes to estimates we have utilized to\plain\cf1\f51\fs20\qj calculate the transition impacts. The SEC issued guidance in Staff Accounting Bulletin 118 which allows us to\plain\cf1\f51\fs20\qj record provisional amounts during a one-year measurement period.\~\~We have determined a reasonable estimate for\plain\cf1\f51\fs20\qj the measurement and accounting for certain effects of the Tax Reform Act, including the re-measurement of our net\plain\cf1\f51\fs20\qj deferred tax assets and liabilities, which have been reflected as provisional amounts in the December 31, 2017\plain\cf1\f51\fs20\qj financial statements. The amounts represent our best estimates based on records, information, and current\plain\cf1\f51\fs20\qj guidance.\~\~Additional information and analysis is required to finalize the impact that the Tax Reform Act will have\plain\cf1\f51\fs20\qj on our full year financial results.\~\~This includes filing the fiscal 2017 United States federal income tax return, which\plain\cf1\f51\fs20\qj could impact our estimated deferred income tax assets and liabilities.\~\~Although we do not anticipate material\plain\cf1\f51\fs20\qj adjustments to the provisional amounts, final results could vary from these provisional amounts. We currently\plain\cf1\f51\fs20\qj anticipate finalizing and recording any resulting adjustments by the end of our current fiscal year ending June 30,\plain\cf1\f51\fs20\qj 2018.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Our income tax expense was $5.2 million for the six months ended December 31, 2017, reflecting an effective tax\plain\cf1\f51\fs20\qj rate of 25.5%.\~\~Our effective tax rate during the six months ended December 31, 2017 was lower than the 28.1%\plain\cf1\f51\fs20\qj statutory rate primarily due to the impact of the Tax Reform Act, and a permanent benefit associated with the\plain\cf1\f51\fs20\qj domestic production activities deduction, which was partially offset by the inclusion of the state tax rate in the\plain\cf1\f51\fs20\qj overall effective rate.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Non-GAAP Measures\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj We define EBITDA as earnings before interest expense, income taxes, depreciation and amortization. We define\plain\cf1\f51\fs20\qj Adjusted EBITDA as EBITDA further adjusted to eliminate certain non-cash charges and unusual items that we do\plain\cf1\f51\fs20\qj not consider to be indicative of our ongoing operations, including fees and expenses related to our follow-on\plain\cf1\f51\fs20\qj offering, transaction expenses associated with the acquisition of NauticStar, acquisition related inventory step up\plain\cf1\f51\fs20\qj adjustment and our stock-based compensation expense. We define Adjusted net income as net income adjusted to\plain\cf1\f51\fs20\qj eliminate certain non-cash charges and unusual items that we do not consider to be indicative of our ongoing\plain\cf1\f51\fs20\qj operations, including fees and expenses related to our follow-on offering, transaction expenses associated with the\plain\cf1\f51\fs20\qj acquisition of NauticStar, our stock-based compensation expense, and an adjustment for income tax expense at a\plain\cf1\f51\fs20\qj normalized annual effective tax rate.\~\~We define Adjusted EBITDA margin as Adjusted EBITDA expressed as a\plain\cf1\f51\fs20\qj percentage of sales. Adjusted EBITDA, Adjusted net income and Adjusted EBITDA margin are not measures of net\plain\cf1\f51\fs20\qj income or operating income as determined under accounting principles generally accepted in the United States,\plain\cf1\f51\fs20\qj which we refer to as GAAP. Adjusted EBITDA and Adjusted net income are not measures of performance in\plain\cf1\f51\fs20\qj accordance with GAAP and should not be considered as an alternative to net income or operating cash flows\plain\cf1\f51\fs20\qj determined in accordance with GAAP. Additionally, Adjusted EBITDA is not intended to be a measure of cash\plain\cf1\f51\fs20\qj flow for management\u8217?s discretionary use. We believe that the inclusion of EBITDA, Adjusted EBITDA,\plain\cf1\f51\fs20\qj Adjusted EBITDA margin and Adjusted net income is appropriate to provide additional information to investors\plain\cf1\f51\fs20\qj because securities analysts, noteholders and other investors use these non GAAP financial measures to assess our\plain\cf1\f51\fs20\qj operating performance across periods\par\pard\plain\sb528\cf1\f51\fs20\qc 28\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\qj on a consistent basis and to evaluate the relative risk of an investment in our securities. We use Adjusted net\plain\cf1\f51\fs20\qj income to facilitate a comparison of our operating performance on a consistent basis from period to period that,\plain\cf1\f51\fs20\qj when viewed in combination with our results prepared in accordance with GAAP, provides a more complete\plain\cf1\f51\fs20\qj understanding of factors and trends affecting our business than GAAP alone measures.\~\~We believe Adjusted net\plain\cf1\f51\fs20\qj income assists our board of directors, management and investors in comparing our net income on a consistent basis\plain\cf1\f51\fs20\qj from period to period because it removes non-cash and non-recurring items.\~\~Adjusted EBITDA and Adjusted net\plain\cf1\f51\fs20\qj income have limitations as an analytical tool and should not be considered in isolation or as a substitute for analysis\plain\cf1\f51\fs20\qj of our results as reported under GAAP. Some of these limitations are:\par\pard\plain\cf1\f51\fs20\qj \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh742 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized\plain\intbl\cf1\f51\fs20\qj will often have to be replaced in the future and Adjusted EBITDA does not reflect any cash requirements\plain\intbl\cf1\f51\fs20\qj for such replacements;\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh742\row}}} \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh495 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Adjusted EBITDA does not reflect our cash expenditures, or future requirements for capital expenditures or\plain\intbl\cf1\f51\fs20\qj contractual commitments;\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh495\row}}} \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh495 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital\plain\intbl\cf1\f51\fs20\qj needs;\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh495\row}}} \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh495 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Adjusted EBITDA does not reflect our tax expense or any cash requirements to pay income\plain\intbl\cf1\f51\fs20\qj taxes;\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh495\row}}} \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh495 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Adjusted EBITDA does not reflect interest expense, or the cash requirements necessary to service interest\plain\intbl\cf1\f51\fs20\qj payments on our indebtedness; and\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh495\row}}} \par\pard\plain {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh742 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f53\fs20\qj \cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Adjusted net income and Adjusted EBITDA do not reflect the impact of earnings or charges resulting from\plain\intbl\cf1\f51\fs20\qj matters we do not consider to be indicative of our ongoing operations, but may nonetheless have a material\plain\intbl\cf1\f51\fs20\qj impact on our results of operations.\cell{ {\trowd\clvertalc\cellx360\cellx700\clvertalc\cellx720\cellx9688\trrh742\row}}}\pard\plain\fi792\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj In addition, because not all companies use identical calculations, our presentation of Adjusted EBITDA and\plain\cf1\f51\fs20\qj Adjusted net income may not be comparable to similarly titled measures of other companies, including companies\plain\cf1\f51\fs20\qj in our industry.\~Furthermore, certain non-GAAP financial measures presented have been provided for comparison\plain\cf1\f51\fs20\qj purposes only and these non-GAAP financial measures may change in the future based on our calculations and\plain\cf1\f51\fs20\qj forecasts regarding the interpretation of certain recent changes to U.S. federal income tax law and anticipated\plain\cf1\f51\fs20\qj impacts on our financial results.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\sb528\cf1\f51\fs20\qc 29\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\qj The following table sets forth a reconciliation of net income as determined in accordance with GAAP to Adjusted\plain\cf1\f51\fs20\qj EBITDA for the periods indicated:\par\pard\plain\cf1\f51\fs20\qj \~ \par\pard\plain {\trowd\trqc\clvertalb\cellx2589\clvertalb\cellx2829\clvertalb\cellx3515\clvertalb\cellx4299\clvertalb\cellx4589\clvertalb\cellx5173\clvertalb\cellx5995\clvertalb\cellx6285\clvertalb\cellx6971\clvertalb\cellx7755\clvertalb\cellx7995\clvertalb\cellx8579\clvertalb\cellx9444\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2589\clvertalb\cellx2829\clvertalb\cellx3515\clvertalb\cellx4299\clvertalb\cellx4589\clvertalb\cellx5173\clvertalb\cellx5995\clvertalb\cellx6285\clvertalb\cellx6971\clvertalb\cellx7755\clvertalb\cellx7995\clvertalb\cellx8579\clvertalb\cellx9444\clvertalb\cellx9688\trrh66\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2589\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2829\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5997\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6287\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9447\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198 \pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Three Months Ended\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Six Months Ended\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2589\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2829\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5997\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6287\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9447\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh198\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2589\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2829\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4299\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4589\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5996\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6286\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7756\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7996\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9445\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc January\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\b\qc \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs16\b\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc January\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\~\~\~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2589\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2829\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4299\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4589\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5996\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6286\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7756\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7996\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9445\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2589\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2829\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5997\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6287\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9447\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2589\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2829\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5997\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6287\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9447\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2589\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2829\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5997\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6287\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9447\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc (Dollars in thousands)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc (Dollars in thousands)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2589\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2829\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5997\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6287\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9447\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2829\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3515\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4299\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6285\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7755\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8579\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\b\ql Net income\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 8,009\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 4,031\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 15,055\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 11,014\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2829\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3515\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4299\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6285\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7755\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8579\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx2589\clvertalb\cellx2829\clvertalb\cellx3515\clvertalb\cellx4299\clvertalb\cellx4589\clvertalb\cellx5173\clvertalb\cellx5995\clvertalb\cellx6285\clvertalb\cellx6971\clvertalb\cellx7755\clvertalb\cellx7995\clvertalb\cellx8579\clvertalb\cellx9444\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Income tax expense\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,634\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,496\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 5,161\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 6,537\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2589\clvertalb\cellx2829\clvertalb\cellx3515\clvertalb\cellx4299\clvertalb\cellx4589\clvertalb\cellx5173\clvertalb\cellx5995\clvertalb\cellx6285\clvertalb\cellx6971\clvertalb\cellx7755\clvertalb\cellx7995\clvertalb\cellx8579\clvertalb\cellx9444\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2829\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3515\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4299\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6285\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7755\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8579\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Interest expense\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,139\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 512\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,630\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,123\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2829\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3515\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4299\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6285\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7755\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8579\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx2589\clvertalb\cellx2829\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3515\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4299\clvertalb\cellx4589\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5173\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5995\clvertalb\cellx6285\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6971\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7755\clvertalb\cellx7995\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8579\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9444\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Depreciation and amortization\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,478\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 825\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 2,210\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,622\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2589\clvertalb\cellx2829\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3515\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4299\clvertalb\cellx4589\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5173\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5995\clvertalb\cellx6285\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6971\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7755\clvertalb\cellx7995\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8579\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9444\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2829\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3515\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4299\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6285\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7755\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8579\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\b\ql EBITDA\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 12,260\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 7,864\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 24,056\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 20,296\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2829\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3515\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4299\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6285\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7755\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8579\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx2589\clvertalb\cellx2829\clvertalb\cellx3515\clvertalb\cellx4299\clvertalb\cellx4589\clvertalb\cellx5173\clvertalb\cellx5995\clvertalb\cellx6285\clvertalb\cellx6971\clvertalb\cellx7755\clvertalb\cellx7995\clvertalb\cellx8579\clvertalb\cellx9444\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Transaction expense\plain\intbl\cf1\f51\fs10\ql (a)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 605\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~5\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,486\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 59\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2589\clvertalb\cellx2829\clvertalb\cellx3515\clvertalb\cellx4299\clvertalb\cellx4589\clvertalb\cellx5173\clvertalb\cellx5995\clvertalb\cellx6285\clvertalb\cellx6971\clvertalb\cellx7755\clvertalb\cellx7995\clvertalb\cellx8579\clvertalb\cellx9444\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2829\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3515\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4299\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6285\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7755\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8579\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql Inventory step-up adjustment\plain\intbl\cf1\f51\fs20\ql \u8211? acquisition related\plain\intbl\cf1\f51\fs10\ql (b)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 501\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 501\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2829\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3515\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4299\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6285\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7755\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8579\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh495\row}}} {\trowd\trqc\clvertalc\cellx2589\clvertalb\cellx2829\clvertalb\cellx3515\clvertalb\cellx4299\clvertalb\cellx4589\clvertalb\cellx5173\clvertalb\cellx5995\clvertalb\cellx6285\clvertalb\cellx6971\clvertalb\cellx7755\clvertalb\cellx7995\clvertalb\cellx8579\clvertalb\cellx9444\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Litigation charge\plain\intbl\cf1\f51\fs10\ql (c)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 944\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1,653\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalc\cellx2589\clvertalb\cellx2829\clvertalb\cellx3515\clvertalb\cellx4299\clvertalb\cellx4589\clvertalb\cellx5173\clvertalb\cellx5995\clvertalb\cellx6285\clvertalb\cellx6971\clvertalb\cellx7755\clvertalb\cellx7995\clvertalb\cellx8579\clvertalb\cellx9444\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2829\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3515\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4299\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4589\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5173\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6285\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6971\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7755\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7995\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8579\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Stock-based compensation\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 264\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 186\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 528\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 305\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2829\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3515\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4299\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4589\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5173\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6285\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6971\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7755\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7995\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8579\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx2589\clvertalb\cellx2829\clvertalb\cellx3515\clvertalb\cellx4299\clvertalb\cellx4589\clvertalb\cellx5173\clvertalb\cellx5995\clvertalb\cellx6285\clvertalb\cellx6971\clvertalb\cellx7755\clvertalb\cellx7995\clvertalb\cellx8579\clvertalb\cellx9444\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\b\ql Adjusted EBITDA\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 13,630\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 8,999\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 26,571\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 22,313\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2589\clvertalb\cellx2829\clvertalb\cellx3515\clvertalb\cellx4299\clvertalb\cellx4589\clvertalb\cellx5173\clvertalb\cellx5995\clvertalb\cellx6285\clvertalb\cellx6971\clvertalb\cellx7755\clvertalb\cellx7995\clvertalb\cellx8579\clvertalb\cellx9444\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2829\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3515\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4299\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6285\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7755\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8579\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\b\ql Adjusted EBITDA Margin\plain\intbl\cf1\f51\fs10\ql (d)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 17.4%\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 17.6%\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 18.5%\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 20.0%\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2829\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3515\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4299\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4589\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6285\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7755\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7995\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8579\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9444\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx2589\clvertalb\cellx2829\clvertalb\cellx3515\clvertalb\cellx4299\clvertalb\cellx4589\clvertalb\cellx5173\clvertalb\cellx5995\clvertalb\cellx6285\clvertalb\cellx6971\clvertalb\cellx7755\clvertalb\cellx7995\clvertalb\cellx8579\clvertalb\cellx9444\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2589\clvertalb\cellx2829\clvertalb\cellx3515\clvertalb\cellx4299\clvertalb\cellx4589\clvertalb\cellx5173\clvertalb\cellx5995\clvertalb\cellx6285\clvertalb\cellx6971\clvertalb\cellx7755\clvertalb\cellx7995\clvertalb\cellx8579\clvertalb\cellx9444\clvertalb\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li792\cf1\f51\fs20\qj \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (a)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Represents fees, expenses and integration costs associated with our acquisition of NauticStar and our\plain\intbl\cf1\f51\fs20\qj follow-on offering in the prior-year period.\cell{ {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs20\qj \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (b)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Represents post-acquisition adjustment to cost of goods sold for the fair value step up of inventory\plain\intbl\cf1\f51\fs20\qj acquired all of which was sold during the second quarter of fiscal 2018.\cell{ {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (c)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Represents legal and advisory fees related to our litigation with Malibu Boats, LLC, which was settled\plain\intbl\cf1\f51\fs20\qj during the fourth quarter of fiscal 2017.\cell{ {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs20\qj \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh270 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (d)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj We define Adjusted EBITDA margin as Adjusted EBITDA expressed as a percentage of sales. \~\cell{ {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh270\row}}}\pard\plain\li792\cf1\f51\fs20\ql \~\par\pard\plain\sb528\cf1\f51\fs20\qc 30\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\qj The following table sets forth a reconciliation of net income as determined in accordance with GAAP to Adjusted\plain\cf1\f51\fs20\qj net income for the periods indicated: \par\pard\plain {\trowd\trqc\clvertalc\cellx1115\clvertalb\cellx1752\clvertalb\cellx2671\clvertalb\cellx2940\clvertalb\cellx3237\clvertalb\cellx4156\clvertalb\cellx4425\clvertalb\cellx4967\clvertalb\cellx5886\clvertalc\cellx6127\clvertalb\cellx6764\clvertalb\cellx7683\clvertalb\cellx7952\clvertalb\cellx8494\clvertalb\cellx9413\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell{ {\trowd\trqc\clvertalc\cellx1115\clvertalb\cellx1752\clvertalb\cellx2671\clvertalb\cellx2940\clvertalb\cellx3237\clvertalb\cellx4156\clvertalb\cellx4425\clvertalb\cellx4967\clvertalb\cellx5886\clvertalc\cellx6127\clvertalb\cellx6764\clvertalb\cellx7683\clvertalb\cellx7952\clvertalb\cellx8494\clvertalb\cellx9413\clvertalb\cellx9688\trrh66\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx1115\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5888\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6129\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9417\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh175 \pard\plain\intbl\cf1\f51\fs14\ql \~\cell\pard\plain\intbl\cf1\f51\fs14\b\qc Three Months Ended\cell\pard\plain\intbl\cf1\f51\fs14\ql \~\cell\pard\plain\intbl\cf1\f51\fs14\b\qc Six Months Ended\cell\pard\plain\intbl\cf1\f51\fs14\qc \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx1115\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5888\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6129\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9417\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh175\row}}} {\trowd\trqc\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx1115\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2671\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2940\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4156\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4425\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6128\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7684\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7953\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9415\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh218 \pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs14\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs14\ql \~\cell\pard\plain\intbl\cf1\f51\fs14\b\qc October 1, 2017\cell\pard\plain\intbl\cf1\f51\fs14\ql \~\cell\pard\plain\intbl\cf1\f51\fs14\b\qc January\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs14\ql \~\cell\pard\plain\intbl\cf1\f51\fs14\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs14\ql \~\cell\pard\plain\intbl\cf1\f51\fs14\b\qc January\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs17\qc \~\cell{ {\trowd\trqc\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx1115\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2671\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2940\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4156\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4425\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5887\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6128\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7684\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7953\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9415\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh218\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx1115\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5888\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6129\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9417\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh175 \pard\plain\intbl\cf1\f51\fs14\ql \~\cell\pard\plain\intbl\cf1\f51\fs14\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs14\ql \~\cell\pard\plain\intbl\cf1\f51\fs14\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs14\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx1115\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5888\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6129\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9417\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh175\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx1115\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5888\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6129\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9417\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh349 \pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs14\qc (Dollars in thousands, except share and per share amounts)\cell\pard\plain\intbl\cf1\f51\fs14\ql \~\cell\pard\plain\intbl\cf1\f51\fs14\qc (Dollars in thousands, except share and per share\plain\intbl\cf1\f51\fs14\qc amounts)\cell\pard\plain\intbl\cf1\f51\fs14\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx1115\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5888\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6129\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9417\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh349\row}}} {\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1115\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1752\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2671\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2940\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4425\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5886\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx6127\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6764\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7683\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7952\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8494\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh218 \pard\plain\intbl\cf1\f51\fs17\b\ql Net income\cell\pard\plain\intbl\cf1\f51\fs17\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 8,009\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs17\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 7,046\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs17\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 4,031\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 15,055\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs17\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 11,014\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\~\~\~\cell{ {\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1115\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1752\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2671\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2940\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4425\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5886\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx6127\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6764\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7683\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7952\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8494\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh218\row}}} {\trowd\trqc\clvertalc\cellx1115\clvertalb\cellx1752\clvertalb\cellx2671\clvertalb\cellx2940\clvertalb\cellx3237\clvertalb\cellx4156\clvertalb\cellx4425\clvertalb\cellx4967\clvertalb\cellx5886\clvertalc\cellx6127\clvertalb\cellx6764\clvertalb\cellx7683\clvertalb\cellx7952\clvertalb\cellx8494\clvertalb\cellx9413\clvertalb\cellx9688\trrh437 \pard\plain\intbl\cf1\f51\fs17\ql Income tax\plain\intbl\cf1\f51\fs17\ql expense\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 1,634\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 3,527\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 2,496\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 5,161\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 6,537\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell{ {\trowd\trqc\clvertalc\cellx1115\clvertalb\cellx1752\clvertalb\cellx2671\clvertalb\cellx2940\clvertalb\cellx3237\clvertalb\cellx4156\clvertalb\cellx4425\clvertalb\cellx4967\clvertalb\cellx5886\clvertalc\cellx6127\clvertalb\cellx6764\clvertalb\cellx7683\clvertalb\cellx7952\clvertalb\cellx8494\clvertalb\cellx9413\clvertalb\cellx9688\trrh437\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1115\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1752\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2671\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2940\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4425\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5886\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx6127\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6764\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7683\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7952\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8494\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh437 \pard\plain\intbl\cf1\f51\fs17\ql Transaction\plain\intbl\cf1\f51\fs17\ql expense\plain\intbl\cf1\f51\fs8\ql (a)\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 605\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 881\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~5\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 1,486\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 59\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1115\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1752\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2671\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2940\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4425\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5886\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx6127\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6764\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7683\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7952\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8494\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh437\row}}} {\trowd\trqc\clvertalb\cellx1115\clvertalb\cellx1752\clvertalb\cellx2671\clvertalb\cellx2940\clvertalb\cellx3237\clvertalb\cellx4156\clvertalb\cellx4425\clvertalb\cellx4967\clvertalb\cellx5886\clvertalc\cellx6127\clvertalb\cellx6764\clvertalb\cellx7683\clvertalb\cellx7952\clvertalb\cellx8494\clvertalb\cellx9413\clvertalb\cellx9688\trrh1310 \pard\plain\intbl\cf1\f51\fs17\ql Inventory\plain\intbl\cf1\f51\fs17\ql step-up\plain\intbl\cf1\f51\fs17\ql adjustment\plain\intbl\cf1\f51\fs17\ql \u8211?\plain\intbl\cf1\f51\fs17\ql acquisition\plain\intbl\cf1\f51\fs17\ql related\plain\intbl\cf1\f51\fs8\ql (b)\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 501\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 501\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell{ {\trowd\trqc\clvertalb\cellx1115\clvertalb\cellx1752\clvertalb\cellx2671\clvertalb\cellx2940\clvertalb\cellx3237\clvertalb\cellx4156\clvertalb\cellx4425\clvertalb\cellx4967\clvertalb\cellx5886\clvertalc\cellx6127\clvertalb\cellx6764\clvertalb\cellx7683\clvertalb\cellx7952\clvertalb\cellx8494\clvertalb\cellx9413\clvertalb\cellx9688\trrh1310\row}}} {\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1115\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1752\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2671\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2940\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4425\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5886\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx6127\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6764\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7683\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7952\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8494\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh437 \pard\plain\intbl\cf1\f51\fs17\ql Litigation\plain\intbl\cf1\f51\fs17\ql charge\plain\intbl\cf1\f51\fs8\ql (c)\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 944\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\u8212?\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 1,653\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell{ {\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1115\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1752\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2671\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2940\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4425\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5886\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx6127\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6764\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7683\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7952\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8494\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh437\row}}} {\trowd\trqc\clvertalc\cellx1115\clbrdrb\brdrs\brdrcf1\clvertalb\cellx1752\clbrdrb\brdrs\brdrcf1\clvertalb\cellx2671\clvertalb\cellx2940\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3237\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4156\clvertalb\cellx4425\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4967\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5886\clvertalc\cellx6127\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6764\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7683\clvertalb\cellx7952\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8494\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9413\clvertalb\cellx9688\trrh437 \pard\plain\intbl\cf1\f51\fs17\ql Stock-based\plain\intbl\cf1\f51\fs17\ql compensation\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 264\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 264\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 186\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 528\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 305\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell{ {\trowd\trqc\clvertalc\cellx1115\clbrdrb\brdrs\brdrcf1\clvertalb\cellx1752\clbrdrb\brdrs\brdrcf1\clvertalb\cellx2671\clvertalb\cellx2940\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3237\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4156\clvertalb\cellx4425\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4967\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5886\clvertalc\cellx6127\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6764\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7683\clvertalb\cellx7952\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8494\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9413\clvertalb\cellx9688\trrh437\row}}} {\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1115\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1752\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2671\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2940\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4425\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5886\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx6127\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6764\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7683\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7952\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8494\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh873 \pard\plain\intbl\cf1\f51\fs17\b\ql Adjusted net\plain\intbl\cf1\f51\fs17\b\ql income before\plain\intbl\cf1\f51\fs17\b\ql income\plain\intbl\cf1\f51\fs17\b\ql taxes\plain\intbl\cf1\f51\fs8\b\ql (d)\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 11,013\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 11,718\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 7,662\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 22,731\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 19,568\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell{ {\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1115\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1752\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2671\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2940\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4425\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5886\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx6127\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6764\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7683\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7952\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8494\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh873\row}}} {\trowd\trqc\clvertalc\cellx1115\clbrdrb\brdrs\brdrcf1\clvertalb\cellx1752\clbrdrb\brdrs\brdrcf1\clvertalb\cellx2671\clvertalb\cellx2940\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3237\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4156\clvertalb\cellx4425\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4967\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5886\clvertalc\cellx6127\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6764\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7683\clvertalb\cellx7952\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8494\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9413\clvertalb\cellx9688\trrh655 \pard\plain\intbl\cf1\f51\fs17\ql Adjusted\plain\intbl\cf1\f51\fs17\ql income tax\plain\intbl\cf1\f51\fs17\ql expense\plain\intbl\cf1\f51\fs8\ql (e)\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 3,194\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 3,398\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 2,758\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 6,592\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 7,044\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell{ {\trowd\trqc\clvertalc\cellx1115\clbrdrb\brdrs\brdrcf1\clvertalb\cellx1752\clbrdrb\brdrs\brdrcf1\clvertalb\cellx2671\clvertalb\cellx2940\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3237\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4156\clvertalb\cellx4425\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4967\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5886\clvertalc\cellx6127\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6764\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7683\clvertalb\cellx7952\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8494\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9413\clvertalb\cellx9688\trrh655\row}}} {\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1115\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1752\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2671\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2940\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3237\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4425\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4967\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5886\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx6127\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6764\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7683\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7952\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8494\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh437 \pard\plain\intbl\cf1\f51\fs17\b\ql Adjusted net\plain\intbl\cf1\f51\fs17\b\ql income\cell\pard\plain\intbl\cf1\f51\fs17\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 7,819\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs17\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 8,320\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs17\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 4,904\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 16,139\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\~\~\~\cell\pard\plain\intbl\cf1\f51\fs17\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 12,524\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell{ {\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1115\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1752\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2671\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2940\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3237\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4425\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4967\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5886\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx6127\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6764\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7683\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7952\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8494\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh437\row}}} {\trowd\trqc\clvertalc\cellx1115\clvertalb\cellx1752\clvertalb\cellx2671\clvertalb\cellx2940\clvertalb\cellx3237\clvertalb\cellx4156\clvertalb\cellx4425\clvertalb\cellx4967\clvertalb\cellx5886\clvertalc\cellx6127\clvertalb\cellx6764\clvertalb\cellx7683\clvertalb\cellx7952\clvertalb\cellx8494\clvertalb\cellx9413\clvertalb\cellx9688\trrh218 \pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell{ {\trowd\trqc\clvertalc\cellx1115\clvertalb\cellx1752\clvertalb\cellx2671\clvertalb\cellx2940\clvertalb\cellx3237\clvertalb\cellx4156\clvertalb\cellx4425\clvertalb\cellx4967\clvertalb\cellx5886\clvertalc\cellx6127\clvertalb\cellx6764\clvertalb\cellx7683\clvertalb\cellx7952\clvertalb\cellx8494\clvertalb\cellx9413\clvertalb\cellx9688\trrh218\row}}} {\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1115\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1752\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2671\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2940\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4425\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5886\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx6127\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6764\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7683\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7952\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8494\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh873 \pard\plain\intbl\cf1\f51\fs17\ql Pro-forma\plain\intbl\cf1\f51\fs17\ql Adjusted net\plain\intbl\cf1\f51\fs17\ql income per\plain\intbl\cf1\f51\fs17\ql common share\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell{ {\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1115\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1752\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2671\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2940\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4425\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5886\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx6127\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6764\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7683\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7952\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8494\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh873\row}}} {\trowd\trqc\clvertalc\cellx1115\clvertalb\cellx1752\clvertalb\cellx2671\clvertalb\cellx2940\clvertalb\cellx3237\clvertalb\cellx4156\clvertalb\cellx4425\clvertalb\cellx4967\clvertalb\cellx5886\clvertalc\cellx6127\clvertalb\cellx6764\clvertalb\cellx7683\clvertalb\cellx7952\clvertalb\cellx8494\clvertalb\cellx9413\clvertalb\cellx9688\trrh218 \pard\plain\intbl\li132\cf1\f51\fs17\ql Basic\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 0.42\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 0.45\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 0.26\cell\pard\plain\intbl\li132\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 0.87\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 0.67\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell{ {\trowd\trqc\clvertalc\cellx1115\clvertalb\cellx1752\clvertalb\cellx2671\clvertalb\cellx2940\clvertalb\cellx3237\clvertalb\cellx4156\clvertalb\cellx4425\clvertalb\cellx4967\clvertalb\cellx5886\clvertalc\cellx6127\clvertalb\cellx6764\clvertalb\cellx7683\clvertalb\cellx7952\clvertalb\cellx8494\clvertalb\cellx9413\clvertalb\cellx9688\trrh218\row}}} {\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1115\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1752\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2671\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2940\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4425\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5886\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx6127\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6764\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7683\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7952\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8494\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh218 \pard\plain\intbl\li132\cf1\f51\fs17\ql Diluted\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 0.42\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 0.44\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 0.26\cell\pard\plain\intbl\li132\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 0.86\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 0.67\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell{ {\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1115\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1752\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2671\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2940\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4425\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5886\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx6127\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6764\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7683\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7952\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8494\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh218\row}}} {\trowd\trqc\clvertalc\cellx1115\clvertalb\cellx1752\clvertalb\cellx2671\clvertalb\cellx2940\clvertalb\cellx3237\clvertalb\cellx4156\clvertalb\cellx4425\clvertalb\cellx4967\clvertalb\cellx5886\clvertalc\cellx6127\clvertalb\cellx6764\clvertalb\cellx7683\clvertalb\cellx7952\clvertalb\cellx8494\clvertalb\cellx9413\clvertalb\cellx9688\trrh1310 \pard\plain\intbl\cf1\f51\fs17\ql Pro-forma\plain\intbl\cf1\f51\fs17\ql weighted\plain\intbl\cf1\f51\fs17\ql average shares\plain\intbl\cf1\f51\fs17\ql used for the\plain\intbl\cf1\f51\fs17\ql computation\plain\intbl\cf1\f51\fs17\ql of:\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell{ {\trowd\trqc\clvertalc\cellx1115\clvertalb\cellx1752\clvertalb\cellx2671\clvertalb\cellx2940\clvertalb\cellx3237\clvertalb\cellx4156\clvertalb\cellx4425\clvertalb\cellx4967\clvertalb\cellx5886\clvertalc\cellx6127\clvertalb\cellx6764\clvertalb\cellx7683\clvertalb\cellx7952\clvertalb\cellx8494\clvertalb\cellx9413\clvertalb\cellx9688\trrh1310\row}}} {\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1115\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1752\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2671\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2940\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4425\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5886\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx6127\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6764\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7683\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7952\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8494\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh873 \pard\plain\intbl\li132\cf1\f51\fs17\ql Basic\plain\intbl\li132\cf1\f51\fs17\ql Adjusted net\plain\intbl\li132\cf1\f51\fs17\ql income per\plain\intbl\li132\cf1\f51\fs17\ql share\plain\intbl\li132\cf1\f51\fs8\ql (f)\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 18,619,834\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 18,619,834\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 18,593,296\cell\pard\plain\intbl\li132\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 18,619,834\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 18,593,296\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell{ {\trowd\trqc\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1115\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1752\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2671\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2940\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4156\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4425\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5886\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx6127\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6764\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7683\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7952\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8494\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh873\row}}} {\trowd\trqc\clvertalc\cellx1115\clvertalb\cellx1752\clvertalb\cellx2671\clvertalb\cellx2940\clvertalb\cellx3237\clvertalb\cellx4156\clvertalb\cellx4425\clvertalb\cellx4967\clvertalb\cellx5886\clvertalc\cellx6127\clvertalb\cellx6764\clvertalb\cellx7683\clvertalb\cellx7952\clvertalb\cellx8494\clvertalb\cellx9413\clvertalb\cellx9688\trrh873 \pard\plain\intbl\li132\cf1\f51\fs17\ql Diluted\plain\intbl\li132\cf1\f51\fs17\ql Adjusted net\plain\intbl\li132\cf1\f51\fs17\ql income per\plain\intbl\li132\cf1\f51\fs17\ql share\plain\intbl\li132\cf1\f51\fs8\ql (f)\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 18,792,214\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 18,798,236\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 18,711,764\cell\pard\plain\intbl\li132\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 18,795,225\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell\pard\plain\intbl\cf1\f51\fs17\qr \~\cell\pard\plain\intbl\ri66\cf1\f51\fs17\qr 18,695,528\cell\pard\plain\intbl\cf1\f51\fs17\ql \~\cell{ {\trowd\trqc\clvertalc\cellx1115\clvertalb\cellx1752\clvertalb\cellx2671\clvertalb\cellx2940\clvertalb\cellx3237\clvertalb\cellx4156\clvertalb\cellx4425\clvertalb\cellx4967\clvertalb\cellx5886\clvertalc\cellx6127\clvertalb\cellx6764\clvertalb\cellx7683\clvertalb\cellx7952\clvertalb\cellx8494\clvertalb\cellx9413\clvertalb\cellx9688\trrh873\row}}}\pard\plain\cf1\f51\fs12\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \par\pard\plain {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (a)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Represents fees, expenses and integration costs associated with our acquisition of NauticStar and our\plain\intbl\cf1\f51\fs20\qj follow-on offering in the prior-year period.\cell{ {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs20\qj \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh495 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (b)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Represents post-acquisition adjustment to cost of goods sold for the fair value step up of inventory\plain\intbl\cf1\f51\fs20\qj acquired all of which was sold during the second quarter of fiscal 2018.\cell{ {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh495\row}}}\pard\plain\cf1\f51\fs12\qj \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (c)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Represents legal and advisory fees related to our litigation with Malibu Boats, LLC, which was settled\plain\intbl\cf1\f51\fs20\qj during the fourth quarter of fiscal 2017.\cell{ {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (d)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Excludes $0.5 million of amortization charges for acquired intangible assets incurred during the second\plain\intbl\cf1\f51\fs20\qj quarter of fiscal 2018.\cell{ {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs20\qj \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh765 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (e)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Reflects income tax expense at an estimated annual effective income tax rate of 29% for all\plain\intbl\cf1\f51\fs20\qj current-year periods presented and 36% for all prior-year periods presented. We expect our\plain\intbl\cf1\f51\fs20\qj estimated annual effective income tax rate to be reduced to about 24% for fiscal 2019.\cell{ {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh765\row}}}\pard\plain\li792\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh0 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (f)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj The weighted average shares used for computation of pro-forma diluted earnings per common share gives\plain\intbl\cf1\f51\fs20\qj effect to 59,297 shares of restricted stock awards, 59,148 performance stock units and 53,935 shares for the\plain\intbl\cf1\f51\fs20\qj dilutive effect of stock options. The average of the prior quarters is used for computation of the six month\plain\intbl\cf1\f51\fs20\qj ended periods.\cell{ {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh0\row}}}\pard\plain\sb528\cf1\f51\fs20\qc 31\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The following table shows the reconciliation of net income per diluted share to Adjusted net income per diluted\plain\cf1\f51\fs20\qj pro-forma weighted average share for the periods presented:\par\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1661\clvertalb\cellx1801\clvertalb\cellx2654\clvertalb\cellx3507\clvertalb\cellx3647\clvertalb\cellx4041\clvertalb\cellx4637\clvertalb\cellx4777\clvertalb\cellx5502\clvertalb\cellx6233\clvertalb\cellx6373\clvertalb\cellx7226\clvertalb\cellx8079\clvertalb\cellx8228\clvertalb\cellx8953\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\clvertalc\cellx1661\clvertalb\cellx1801\clvertalb\cellx2654\clvertalb\cellx3507\clvertalb\cellx3647\clvertalb\cellx4041\clvertalb\cellx4637\clvertalb\cellx4777\clvertalb\cellx5502\clvertalb\cellx6233\clvertalb\cellx6373\clvertalb\cellx7226\clvertalb\cellx8079\clvertalb\cellx8228\clvertalb\cellx8953\clvertalb\cellx9688\trrh66\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx1661\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx1801\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6235\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6375\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9687\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Three Months Ended\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc Six Months Ended\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx1661\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx1801\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6235\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6375\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9687\trrh248\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx1661\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx1801\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx3507\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx3647\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4638\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4778\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6234\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6374\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8080\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8229\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9685\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc October 1,\plain\intbl\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc January\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc January\~1,\~2017\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx1661\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx1801\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx3507\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx3647\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4638\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx4778\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6234\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6374\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8080\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx8229\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9685\trrh495\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx1661\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx1801\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6235\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6375\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9687\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs16\qc (Unaudited)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f52\fs16\qc (Unaudited)\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx1661\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx1801\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6235\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6375\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9687\trrh248\row}}} {\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1661\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1801\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2654\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4041\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4637\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4777\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5502\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6233\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8079\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8953\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh495 \pard\plain\intbl\cf1\f51\fs20\b\ql Net income per\plain\intbl\cf1\f51\fs20\b\ql diluted share\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.43\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.38\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.22\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.81\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.59\cell{ {\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1661\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1801\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2654\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4041\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4637\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4777\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5502\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6233\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8079\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8953\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh495\row}}} {\trowd\clvertalc\cellx1661\clvertalb\cellx1801\clvertalb\cellx2654\clvertalb\cellx3507\clvertalb\cellx3647\clvertalb\cellx4041\clvertalb\cellx4637\clvertalb\cellx4777\clvertalb\cellx5502\clvertalb\cellx6233\clvertalb\cellx6373\clvertalb\cellx7226\clvertalb\cellx8079\clvertalb\cellx8228\clvertalb\cellx8953\clvertalb\cellx9688\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql Impact of\plain\intbl\cf1\f51\fs20\ql adjustments:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx1661\clvertalb\cellx1801\clvertalb\cellx2654\clvertalb\cellx3507\clvertalb\cellx3647\clvertalb\cellx4041\clvertalb\cellx4637\clvertalb\cellx4777\clvertalb\cellx5502\clvertalb\cellx6233\clvertalb\cellx6373\clvertalb\cellx7226\clvertalb\cellx8079\clvertalb\cellx8228\clvertalb\cellx8953\clvertalb\cellx9688\trrh495\row}}} {\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1661\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1801\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2654\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4041\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4637\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4777\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5502\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6233\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8079\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8953\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh495 \pard\plain\intbl\li132\cf1\f51\fs20\ql Income tax\plain\intbl\li132\cf1\f51\fs20\ql expense\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.09\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.19\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.14\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.28\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.35\cell{ {\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1661\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1801\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2654\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4041\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4637\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4777\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5502\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6233\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8079\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8953\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh495\row}}} {\trowd\clvertalc\cellx1661\clvertalb\cellx1801\clvertalb\cellx2654\clvertalb\cellx3507\clvertalb\cellx3647\clvertalb\cellx4041\clvertalb\cellx4637\clvertalb\cellx4777\clvertalb\cellx5502\clvertalb\cellx6233\clvertalb\cellx6373\clvertalb\cellx7226\clvertalb\cellx8079\clvertalb\cellx8228\clvertalb\cellx8953\clvertalb\cellx9688\trrh495 \pard\plain\intbl\li132\cf1\f51\fs20\ql Transaction\plain\intbl\li132\cf1\f51\fs20\ql expense\plain\intbl\li132\cf1\f51\fs10\ql (a)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.03\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.05\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~-\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.08\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~-\cell{ {\trowd\clvertalc\cellx1661\clvertalb\cellx1801\clvertalb\cellx2654\clvertalb\cellx3507\clvertalb\cellx3647\clvertalb\cellx4041\clvertalb\cellx4637\clvertalb\cellx4777\clvertalb\cellx5502\clvertalb\cellx6233\clvertalb\cellx6373\clvertalb\cellx7226\clvertalb\cellx8079\clvertalb\cellx8228\clvertalb\cellx8953\clvertalb\cellx9688\trrh495\row}}} {\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1661\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1801\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2654\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4041\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4637\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4777\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5502\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6233\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8079\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8953\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh1238 \pard\plain\intbl\li132\cf1\f51\fs20\ql Inventory step-up\plain\intbl\li132\cf1\f51\fs20\ql adjustment\plain\intbl\li132\cf1\f51\fs20\ql \u8211?\plain\intbl\li132\cf1\f51\fs20\ql acquisition\plain\intbl\li132\cf1\f51\fs20\ql related\plain\intbl\li132\cf1\f51\fs10\ql (b)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.03\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~-\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~-\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.03\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~-\cell{ {\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1661\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1801\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2654\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4041\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4637\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4777\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5502\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6233\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8079\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8953\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh1238\row}}} {\trowd\clvertalc\cellx1661\clvertalb\cellx1801\clvertalb\cellx2654\clvertalb\cellx3507\clvertalb\cellx3647\clvertalb\cellx4041\clvertalb\cellx4637\clvertalb\cellx4777\clvertalb\cellx5502\clvertalb\cellx6233\clvertalb\cellx6373\clvertalb\cellx7226\clvertalb\cellx8079\clvertalb\cellx8228\clvertalb\cellx8953\clvertalb\cellx9688\trrh495 \pard\plain\intbl\li132\cf1\f51\fs20\ql Litigation\plain\intbl\li132\cf1\f51\fs20\ql charge\plain\intbl\li132\cf1\f51\fs10\ql (c)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~-\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~-\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.05\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~-\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.09\cell{ {\trowd\clvertalc\cellx1661\clvertalb\cellx1801\clvertalb\cellx2654\clvertalb\cellx3507\clvertalb\cellx3647\clvertalb\cellx4041\clvertalb\cellx4637\clvertalb\cellx4777\clvertalb\cellx5502\clvertalb\cellx6233\clvertalb\cellx6373\clvertalb\cellx7226\clvertalb\cellx8079\clvertalb\cellx8228\clvertalb\cellx8953\clvertalb\cellx9688\trrh495\row}}} {\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1661\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1801\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2654\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4041\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4637\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4777\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5502\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6233\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8079\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8953\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh495 \pard\plain\intbl\li132\cf1\f51\fs20\ql Stock-based\plain\intbl\li132\cf1\f51\fs20\ql compensation\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.01\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.01\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.01\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.03\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.02\cell{ {\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1661\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1801\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2654\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4041\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4637\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4777\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5502\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6233\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8079\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8953\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh495\row}}} {\trowd\clvertalc\cellx1661\clvertalb\cellx1801\clvertalb\cellx2654\clvertalb\cellx3507\clvertalb\cellx3647\clvertalb\cellx4041\clvertalb\cellx4637\clvertalb\cellx4777\clvertalb\cellx5502\clvertalb\cellx6233\clvertalb\cellx6373\clvertalb\cellx7226\clvertalb\cellx8079\clvertalb\cellx8228\clvertalb\cellx8953\clvertalb\cellx9688\trrh990 \pard\plain\intbl\cf1\f51\fs20\b\ql Adjusted net\plain\intbl\cf1\f51\fs20\b\ql income per diluted\plain\intbl\cf1\f51\fs20\b\ql share before\plain\intbl\cf1\f51\fs20\b\ql income taxes\plain\intbl\cf1\f51\fs10\b\ql (d)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.59\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.63\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.42\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1.23\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 1.05\cell{ {\trowd\clvertalc\cellx1661\clvertalb\cellx1801\clvertalb\cellx2654\clvertalb\cellx3507\clvertalb\cellx3647\clvertalb\cellx4041\clvertalb\cellx4637\clvertalb\cellx4777\clvertalb\cellx5502\clvertalb\cellx6233\clvertalb\cellx6373\clvertalb\cellx7226\clvertalb\cellx8079\clvertalb\cellx8228\clvertalb\cellx8953\clvertalb\cellx9688\trrh990\row}}} {\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1661\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1801\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2654\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4041\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4637\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4777\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5502\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6233\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8079\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8953\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh1732 \pard\plain\intbl\li132\cf1\f51\fs20\ql Impact of\plain\intbl\li132\cf1\f51\fs20\ql adjusted income\plain\intbl\li132\cf1\f51\fs20\ql tax expense on\plain\intbl\li132\cf1\f51\fs20\ql net income per\plain\intbl\li132\cf1\f51\fs20\ql diluted share\plain\intbl\li132\cf1\f51\fs20\ql before income\plain\intbl\li132\cf1\f51\fs20\ql taxes\plain\intbl\li132\cf1\f51\fs10\ql (e)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (0.17)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (0.18)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (0.15)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (0.35)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (0.38)\cell{ {\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1661\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1801\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2654\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4041\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4637\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4777\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5502\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6233\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8079\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8953\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh1732\row}}} {\trowd\clvertalc\cellx1661\clvertalb\cellx1801\clvertalb\cellx2654\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3507\clvertalb\cellx3647\clvertalb\cellx4041\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4637\clvertalb\cellx4777\clvertalb\cellx5502\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6233\clvertalb\cellx6373\clvertalb\cellx7226\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8079\clvertalb\cellx8228\clvertalb\cellx8953\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh742 \pard\plain\intbl\li132\cf1\f51\fs20\ql Impact of\plain\intbl\li132\cf1\f51\fs20\ql increased share\plain\intbl\li132\cf1\f51\fs20\ql count\plain\intbl\li132\cf1\f51\fs10\ql (f)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~-\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (0.01)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (0.01)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (0.02)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~-\cell{ {\trowd\clvertalc\cellx1661\clvertalb\cellx1801\clvertalb\cellx2654\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3507\clvertalb\cellx3647\clvertalb\cellx4041\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4637\clvertalb\cellx4777\clvertalb\cellx5502\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6233\clvertalb\cellx6373\clvertalb\cellx7226\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8079\clvertalb\cellx8228\clvertalb\cellx8953\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh742\row}}} {\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1661\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1801\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2654\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4041\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4637\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4777\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5502\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6233\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8079\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8953\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh1238 \pard\plain\intbl\cf1\f51\fs20\b\ql Adjusted net\plain\intbl\cf1\f51\fs20\b\ql income per diluted\plain\intbl\cf1\f51\fs20\b\ql pro-forma\plain\intbl\cf1\f51\fs20\b\ql weighted average\plain\intbl\cf1\f51\fs20\b\ql share\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.42\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.44\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.26\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.86\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 0.67\cell{ {\trowd\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx1661\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1801\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2654\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4041\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4637\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4777\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5502\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6233\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8079\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8953\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh1238\row}}}\pard\plain\cf1\f51\fs12\ql \~\par\pard\plain\cf1\f51\fs12\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \par\pard\plain {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (a)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Represents fees, expenses and integration costs associated with our acquisition of NauticStar and our\plain\intbl\cf1\f51\fs20\qj follow-on offering in the prior-year period.\cell{ {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs20\qj \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh495 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (b)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Represents post-acquisition adjustment to cost of goods sold for the fair value step up of inventory\plain\intbl\cf1\f51\fs20\qj acquired all of which was sold during the second quarter of fiscal 2018.\cell{ {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh495\row}}}\pard\plain\cf1\f51\fs12\qj \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (c)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Represents legal and advisory fees related to our litigation with Malibu Boats, LLC, which was settled\plain\intbl\cf1\f51\fs20\qj during the fourth quarter of fiscal 2017.\cell{ {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (d)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Excludes $0.5 million of amortization charges for acquired intangible assets incurred during the second\plain\intbl\cf1\f51\fs20\qj quarter of fiscal 2018.\cell{ {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh518\row}}}\pard\plain\li792\cf1\f51\fs20\qj \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh765 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (e)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Reflects income tax expense at an estimated annual effective income tax rate of 29% for all\plain\intbl\cf1\f51\fs20\qj current-year periods presented and 36% for all prior-year periods presented. We expect our\plain\intbl\cf1\f51\fs20\qj estimated annual effective income tax rate to be reduced to about 24% for fiscal 2019.\cell{ {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh765\row}}}\pard\plain\li792\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh742 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj (f)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qj Reflects impact of increased share counts giving effect to the exchange of all restricted stock awards, the\plain\intbl\cf1\f51\fs20\qj vesting of all performance stock units and for the dilutive effect of stock options included in outstanding\plain\intbl\cf1\f51\fs20\qj shares.\plain\intbl\cf1\f51\fs16\qj \~\cell{ {\trowd\clvertalc\cellx1\cellx460\clvertalc\cellx720\cellx9688\trrh742\row}}}\pard\plain\sb528\cf1\f51\fs20\qc 32\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs16\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Liquidity and Capital Resources\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Our primary liquidity and capital resource needs are to finance working capital and fund capital expenditures. Our\plain\cf1\f51\fs20\qj principal source of funds is cash generated from operating activities. As of December 31, 2017, we had borrowing\plain\cf1\f51\fs20\qj availability of $29.3 million under our revolving credit facility. We believe our cash from operations, along with\plain\cf1\f51\fs20\qj borrowings under our revolving credit facility, will be sufficient to provide for our working capital and capital\plain\cf1\f51\fs20\qj expenditures for at least the next 12\~months. The following table summarizes the cash flows from operating,\plain\cf1\f51\fs20\qj investing, and financing activities:\par\pard\plain\cf1\f51\fs20\qj \~ \par\pard\plain {\trowd\trqc\clvertalb\cellx5588\clvertalb\cellx5775\clvertalb\cellx6461\clvertalb\cellx7493\clvertalb\cellx7680\clvertalb\cellx8264\clvertalb\cellx9370\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5588\clvertalb\cellx5775\clvertalb\cellx6461\clvertalb\cellx7493\clvertalb\cellx7680\clvertalb\cellx8264\clvertalb\cellx9370\clvertalb\cellx9688\trrh66\row}}} {\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5588\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5775\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7493\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7680\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9370\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh272 \pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc December\~31,\~2017\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc January\~1,\~2017\cell\pard\plain\intbl\cf1\f51\fs22\b\ql \~\~\~\~\cell{ {\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5588\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5775\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7493\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7680\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9370\clbrdrb\brdrs\brdrcf1\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx9688\trrh272\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5588\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5775\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9686\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc (Unaudited)\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5588\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5775\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9686\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5588\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5775\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9686\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc (Dollars\~in\~thousands)\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5588\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5775\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9686\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5588\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6461\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7493\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7680\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9370\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Total cash provided by (used in):\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5588\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6461\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7493\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7680\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9370\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx5588\clvertalb\cellx5775\clvertalb\cellx6461\clvertalb\cellx7493\clvertalb\cellx7680\clvertalb\cellx8264\clvertalb\cellx9370\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Operating activities\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 22,452\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 12,921\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5588\clvertalb\cellx5775\clvertalb\cellx6461\clvertalb\cellx7493\clvertalb\cellx7680\clvertalb\cellx8264\clvertalb\cellx9370\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5588\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6461\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7493\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7680\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9370\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Investing activities\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (80,506)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (1,060)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5588\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6461\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7493\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7680\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9370\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\cellx5588\clvertalb\cellx5775\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6461\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7493\clvertalb\cellx7680\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8264\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9370\clvertalb\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Financing activities\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr 60,266\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\ri66\cf1\f51\fs20\qr \~\cell\pard\plain\intbl\cf1\f51\fs20\qr (5,568)\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5588\clvertalb\cellx5775\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6461\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7493\clvertalb\cellx7680\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8264\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9370\clvertalb\cellx9688\trrh248\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5588\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5775\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6461\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7493\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7680\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8264\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9370\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248 \pard\plain\intbl\cf1\f51\fs20\b\ql Net increase in cash\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\b\qr 2,212\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql $\cell\pard\plain\intbl\ri66\cf1\f51\fs20\b\qr 6,293\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5588\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5775\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6461\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7493\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7680\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8264\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9370\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9688\trrh248\row}}}\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Operating Activities\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Our net cash provided by operating activities increased by $9.5\~million, or 73.8%, for the six months ended\plain\cf1\f51\fs20\qj December 31, 2017 compared to the six months ended January 1, 2017, to $22.4\~million from $12.9\~million. This\plain\cf1\f51\fs20\qj increase was primarily due to an increase in net income, an increase due to the change in accounts receivable, a\plain\cf1\f51\fs20\qj decrease in cash paid for taxes and an increase due to the change in accrued expenses and other current liabilities.\plain\cf1\f51\fs20\qj These increases were partially offset by an increase in cash payments for interest related to an increase in our term\plain\cf1\f51\fs20\qj loan balance when compared to the principal balance owed on our term loan during the six months ended January\plain\cf1\f51\fs20\qj 1, 2017.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Investing Activities\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Net cash used in investing activities increased by $79.4 million for the six months ended December 31, 2017\plain\cf1\f51\fs20\qj compared to the six months ended January 1, 2017, to $80.5\~million from $1.1\~million. This increase was primarily\plain\cf1\f51\fs20\qj due to the acquisition of NauticStar and an increase in capital expenditures.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\qj Financing Activities\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Net financing activities was a source of cash for the six months ended December 31, 2017 of $60.3 million. Net\plain\cf1\f51\fs20\qj financing activities for the six months ended January 1, 2017 was a use of cash of $5.6 million. The change in net\plain\cf1\f51\fs20\qj financing activities was a source of cash of $65.9 million.\~\~Cash provided by financing activities for the six months\plain\cf1\f51\fs20\qj ended December 31, 2017 increased primarily from proceeds from issuance of long term debt of $80.8 million,\plain\cf1\f51\fs20\qj which was partially offset by deferred financing costs of $1.3 million and payments on our term loan of $19.2\plain\cf1\f51\fs20\qj million, which was an increase of $13.6 million over the six months ended January 1, 2017, and payments on our\plain\cf1\f51\fs20\qj term loan and repayment of our revolving credit facility were $5.6 million.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\ql Third Amended and Restated Credit Agreement\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj On October 2, 2017, we entered into a Third Amended and Restated Credit and Guaranty Agreement with Fifth\plain\cf1\f51\fs20\qj Third Bank, as the agent and letter of credit issuer, and the lenders party thereto (the \u8220?Third Amended Credit\plain\cf1\f51\fs20\qj Agreement\u8221?). The\par\pard\plain\sb528\cf1\f51\fs20\qc 33\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\qj Third Amended Credit Agreement replaced and paid off our Second Amended and Restated Credit Agreement,\plain\cf1\f51\fs20\qj dated May 27, 2016. The Third Amended Credit Agreement provides us with a $145 million senior secured credit\plain\cf1\f51\fs20\qj facility, consisting of a $115 million term loan (the \u8220?Third Term Loan\u8221?) and a $30 million revolving\plain\cf1\f51\fs20\qj credit facility. On October 17, 2017, and December 1, 2017, we made voluntary payments on the Third Term Loan\plain\cf1\f51\fs20\qj of $10.0 million and $7.0 million, respectively, out of excess cash.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Off-Balance Sheet Arrangements\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj As of December 31, 2017, we did not have any off-balance sheet financings.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Emerging Growth Company\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj We are an emerging growth company, as defined in the JOBS Act. For as long as we are an emerging growth\plain\cf1\f51\fs20\qj company, we may take advantage of certain exemptions from various reporting requirements that are applicable to\plain\cf1\f51\fs20\qj other public companies that are not emerging growth companies, including, but not limited to, not being required to\plain\cf1\f51\fs20\qj comply with the auditor attestation requirements of Section\~404(b) of the Sarbanes-Oxley Act, reduced disclosure\plain\cf1\f51\fs20\qj obligations regarding executive compensation in our periodic reports and proxy statements, and exemptions from the\plain\cf1\f51\fs20\qj requirements of holding stockholder advisory \u8220?say-on-pay\u8221? votes on executive compensation and\plain\cf1\f51\fs20\qj stockholder advisory votes on golden parachute compensation.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj The JOBS Act also provides that an emerging growth company can utilize the extended transition period provided\plain\cf1\f51\fs20\qj in Section\~7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. Pursuant to\plain\cf1\f51\fs20\qj Section\~107 of the JOBS Act, we have irrevocably chosen to opt out of such extended transition period and, as a\plain\cf1\f51\fs20\qj result, we will comply with new or revised accounting standards on the relevant dates on which adoption of such\plain\cf1\f51\fs20\qj standards is required for companies that are not \u8220?emerging growth companies.\u8221?\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj We will continue to be an emerging growth company until the earliest to occur of (i)\~the last day of fiscal year\plain\cf1\f51\fs20\qj during which we had total annual gross revenues of at least $1\~billion (as indexed for inflation), (ii)\~the last day of\plain\cf1\f51\fs20\qj fiscal year following the fifth anniversary of the closing of the IPO, (iii)\~the date on which we have, during the\plain\cf1\f51\fs20\qj previous three-year period, issued more than $1\~billion in non-convertible debt, or (iv)\~the date on which we are\plain\cf1\f51\fs20\qj deemed to be a \u8220?large accelerated filer,\u8221? as defined under the Exchange Act.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\b\qj Critical Accounting Policies\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj As of December 31, 2017, there were no significant changes in or changes in the application of our critical\plain\sa264\cf1\f51\fs20\qj accounting policies or estimation procedures from those presented in our Annual Report on Form 10-K.{\*\bkmkstart item_1_3_3}{\*\bkmkend item_1_3_3}\par\pard\plain\cf1\f51\fs20\b\ql ITEM 3.{\*\bkmkstart item3_quantitative_qualitative_1}{\*\bkmkend item3_quantitative_qualitative_1}\plain\cf1\f51\fs20\b\ql QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj Refer to our Annual Report on Form 10-K for a complete discussion on the Company\u8217?s market risk. There\plain\sa264\cf1\f51\fs20\qj have been no material changes in market risk from those disclosed therein.\par\pard\plain\sb528\cf1\f51\fs20\qc 34\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}{\*\bkmkstart item_1_3_4}{\*\bkmkend item_1_3_4}\par\pard\plain\cf1\f51\fs20\b\ql ITEM 4.{\*\bkmkstart item4_controlsandprocedures_1203}{\*\bkmkend item4_controlsandprocedures_1203}\plain\cf1\f51\fs20\b\ql CONTROLS AND PROCEDURES.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\ql Evaluation of Disclosure Controls and Procedures\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj We maintain disclosure controls and procedures (as defined in Rule 13a-15(e) of the Exchange Act) that are\plain\cf1\f51\fs20\qj designed to ensure that information required to be disclosed by us in the reports that we file or submit under the\plain\cf1\f51\fs20\qj Exchange Act is recorded, processed, summarized and reported within the time periods specified in the\plain\cf1\f51\fs20\qj SEC\u8217?s rules and forms, and that such information is accumulated and communicated to our management,\plain\cf1\f51\fs20\qj including our chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding\plain\cf1\f51\fs20\qj required disclosures. Any controls and procedures, no matter how well designed and operated, can provide only\plain\cf1\f51\fs20\qj reasonable assurance of achieving the desired control objectives.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj As of the end of the period covered by this Quarterly Report, we carried out an evaluation under the supervision\plain\cf1\f51\fs20\qj and with the participation of our management, including our chief executive officer and chief financial officer, of\plain\cf1\f51\fs20\qj the effectiveness of our disclosure controls and procedures. Based upon this evaluation, our chief executive officer\plain\cf1\f51\fs20\qj and chief financial officer have concluded that our disclosure controls and procedures were effective at a reasonable\plain\cf1\f51\fs20\qj assurance level as of December 31, 2017.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\i\ql Changes in Internal Control Over Financial Reporting\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj During the second quarter ended December 31, 2017, we completed the acquisition of NauticStar. Prior to the\plain\cf1\f51\fs20\qj acquisition, NauticStar was a privately-held company and was not subject to the Sarbanes-Oxley Act of 2002, the\plain\cf1\f51\fs20\qj rules and regulations of the SEC, or other corporate governance requirements applicable to public reporting\plain\cf1\f51\fs20\qj companies. As part of our ongoing integration activities, we are continuing to incorporate our controls and\plain\cf1\f51\fs20\qj procedures into NauticStar and to augment our company-wide controls to reflect the risks that may be inherent in\plain\sa264\cf1\f51\fs20\qj acquisitions of privately-held companies.\par\pard\plain\cf1\f51\fs20\qj Other than our integration of NauticStar, there have been no changes in our internal control over financial reporting\plain\cf1\f51\fs20\qj during the quarter ended December 31, 2017 that have materially affected, or are reasonably likely to materially\plain\sa264\cf1\f51\fs20\qj affect, our internal control over financial reporting.{\*\bkmkstart part_1_2_2}{\*\bkmkend part_1_2_2}\par\pard\plain\cf1\f51\fs20\b\ql PART I{\*\bkmkstart part_ii_12035971}{\*\bkmkend part_ii_12035971}\plain\cf1\f51\fs20\b\ql I \u8211? OTHER INFORMATION\par\pard\plain\cf1\f51\fs20\ql \~{\*\bkmkstart item_1_3_5}{\*\bkmkend item_1_3_5}\par\pard\plain\cf1\f51\fs20\b\ql ITEM 1.{\*\bkmkstart item1_legal_12035971}{\*\bkmkend item1_legal_12035971}\plain\cf1\f51\fs20\b\ql LEGAL PROCEEDINGS.\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs20\b\qj Legal Proceedings\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\fi792\cf1\f51\fs18\qj None.\par\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\cf1\f51\fs20\qj \~{\*\bkmkstart item_1_3_6}{\*\bkmkend item_1_3_6}\par\pard\plain\cf1\f51\fs20\b\qj ITEM 1A.{\*\bkmkstart item1a_risk_factors_12035971}{\*\bkmkend item1a_risk_factors_12035971}\plain\cf1\f51\fs20\b\qj RISK FACTORS.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\cf1\f51\fs20\qj During the quarter ended December 31, 2017, there were no material changes to the risk factors disclosed in\plain\cf1\f51\fs20\qj \u8220?Part I, Item 1A. Risk Factors\u8221? in our Annual Report filed on Form 10-K.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\sb528\cf1\f51\fs20\qc 35\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}{\*\bkmkstart item_1_3_7}{\*\bkmkend item_1_3_7}{\*\bkmkstart item_3__defaults_upon_senior_sec}{\*\bkmkend item_3__defaults_upon_senior_sec}{\*\bkmkstart _bookmark13_12035971}{\*\bkmkend _bookmark13_12035971}\par\pard\plain\sb264\cf1\f51\fs20\b\ql ITEM 2.{\*\bkmkstart item2_unregisteredsalesofsecurit}{\*\bkmkend item2_unregisteredsalesofsecurit}\plain\cf1\f51\fs20\b\ql UNREGISTERED SALES OF SECURITIES AND USE OF PROCEEDS.\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\li308\fi462\cf1\f51\fs18\qj None.{\*\bkmkstart item_1_3_8}{\*\bkmkend item_1_3_8}\par\pard\plain\sb264\cf1\f51\fs20\b\ql ITEM 3.{\*\bkmkstart item3_defaults_12035971}{\*\bkmkend item3_defaults_12035971}\plain\cf1\f51\fs20\b\ql DEFAULTS UPON SENIOR SECURITIES.\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\fi792\cf1\f51\fs20\ql Not applicable.{\*\bkmkstart item_1_3_9}{\*\bkmkend item_1_3_9}\par\pard\plain\sb264\cf1\f51\fs20\b\ql ITEM 4.{\*\bkmkstart item4_minesafetydisclosures_1203}{\*\bkmkend item4_minesafetydisclosures_1203}\plain\cf1\f51\fs20\b\ql MINE SAFETY DISCLOSURES.\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\li792\cf1\f51\fs20\qj None.{\*\bkmkstart item_1_3_10}{\*\bkmkend item_1_3_10}\par\pard\plain\sb264\cf1\f51\fs20\b\ql ITEM 5.{\*\bkmkstart item5_other_12035971}{\*\bkmkend item5_other_12035971}\plain\cf1\f51\fs20\b\ql OTHER INFORMATION.\par\pard\plain\cf1\f51\fs20\qj \~\par\pard\plain\fi792\cf1\f51\fs20\qj None.\par\pard\plain\sb528\cf1\f51\fs20\qc 36\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}{\*\bkmkstart item_1_3_11}{\*\bkmkend item_1_3_11}\par\pard\plain\cf1\f51\fs20\b\ql ITEM 6.{\*\bkmkstart item6exhibits_176961_12035971}{\*\bkmkend item6exhibits_176961_12035971}\plain\cf1\f51\fs20\b\ql EXHIBIT{\*\bkmkstart item15exhibits_176961_12035971}{\*\bkmkend item15exhibits_176961_12035971}\plain\cf1\f51\fs20\b\ql S, FINANCIAL STATEMENT SCHEDULES.\par\pard\plain\cf1\f51\fs20\qc \~ \par\pard\plain {\trowd\trqc\cellx1209\clvertalb\cellx1384\clvertalb\cellx4352\clvertalb\cellx4527\cellx4945\clvertalb\cellx5517\clvertalb\cellx5730\clvertalb\cellx6770\clvertalb\cellx6983\clvertalb\cellx7628\clvertalb\cellx7841\clvertalb\cellx8681\clvertalb\cellx8894\clvertalc\cellx9553\clvertalb\cellx9688\trrh92 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\trqc\cellx1209\clvertalb\cellx1384\clvertalb\cellx4352\clvertalb\cellx4527\cellx4945\clvertalb\cellx5517\clvertalb\cellx5730\clvertalb\cellx6770\clvertalb\cellx6983\clvertalb\cellx7628\clvertalb\cellx7841\clvertalb\cellx8681\clvertalb\cellx8894\clvertalc\cellx9553\clvertalb\cellx9688\trrh92\row}}} {\trowd\trqc\cellx1209\clvertalb\cellx1384\clvertalb\cellx4352\clvertalb\cellx4527\cellx4945\clvertalb\cellx9556\clvertalb\cellx9688\trrh265 \pard\plain\intbl\li154\fi-154\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Incorporated\~by\~Reference\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\cellx1209\clvertalb\cellx1384\clvertalb\cellx4352\clvertalb\cellx4527\cellx4945\clvertalb\cellx9556\clvertalb\cellx9688\trrh265\row}}} {\trowd\trqc\cellx1209\clvertalb\cellx1384\clvertalb\cellx4352\clvertalb\cellx4527\cellx4945\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5517\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5730\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6770\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6983\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7628\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7841\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8681\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8894\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalc\cellx9553\clvertalb\cellx9688\trrh413 \pard\plain\intbl\li154\fi-154\cf1\f51\fs16\b\qc Exhibit \par\pard\plain\intbl\fs16\pard\plain\intbl\li154\cf1\f51\fs16\b\qc No.\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Description\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Form\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc File\~No.\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Exhibit\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Filing\~Date\cell\pard\plain\intbl\cf1\f51\fs16\qc \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Filed \par\pard\plain\intbl\fs16\pard\plain\intbl\cf1\f51\fs16\b\qc Herewith\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\cellx1209\clvertalb\cellx1384\clvertalb\cellx4352\clvertalb\cellx4527\cellx4945\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5517\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5730\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6770\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6983\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7628\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7841\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8681\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8894\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalc\cellx9553\clvertalb\cellx9688\trrh413\row}}} 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Employment Agreement between}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915005985/a2225316zex-10_15.htm" }{\*\fldrslt\cf3\f51\fs18\qj MCBC Holdings, Inc. and}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000104746915005985/a2225316zex-10_15.htm" }{\*\fldrslt\cf3\f51\fs18\qj Timothy\~M. 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Amended}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465916098249/a16-4857_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj and Restated Credit and Guaranty}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465916098249/a16-4857_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Agreement among MasterCraft Boat}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465916098249/a16-4857_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Company, LLC, MasterCraft}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465916098249/a16-4857_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Services, Inc., MCBC Hydra Boats}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465916098249/a16-4857_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj LLC, MasterCraft International 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"http://www.sec.gov/Archives/edgar/data/1638290/000110465916124060/a16-12345_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Second Amended and Restated Credit}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465916124060/a16-12345_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj and Guaranty Agreement, dated}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465916124060/a16-12345_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj May\~26, 2016, by and among}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465916124060/a16-12345_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj MasterCraft Boat Company, LLC,}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465916124060/a16-12345_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj MasterCraft Services,\~Inc., MCBC}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465916124060/a16-12345_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Hydra Boats LLC, MasterCraft}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465916124060/a16-12345_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj International Sales}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465916124060/a16-12345_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Administration,\~Inc. as borrowers and}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465916124060/a16-12345_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj other credit parties, various lenders}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465916124060/a16-12345_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj and Fifth Third Bank as the agent}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465916124060/a16-12345_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj and L/C issuer and lender}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 8-K\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 001-37502\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10.1\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 5/27/16\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4352\clvertalb\cellx4527\cellx4945\cellx5517\clvertalb\cellx5730\cellx6770\clvertalb\cellx6983\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh0\row}}} 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"http://www.sec.gov/Archives/edgar/data/1638290/000155837016008267/mcft-20160630ex1020ddfcb.htm" }{\*\fldrslt\cf3\f51\fs18\qj Guaranty Agreement, dated May\~26,}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837016008267/mcft-20160630ex1020ddfcb.htm" }{\*\fldrslt\cf3\f51\fs18\qj 2016, by and among MasterCraft}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837016008267/mcft-20160630ex1020ddfcb.htm" }{\*\fldrslt\cf3\f51\fs18\qj Boat Company, LLC, MasterCraft}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837016008267/mcft-20160630ex1020ddfcb.htm" }{\*\fldrslt\cf3\f51\fs18\qj Services,\~Inc., MCBC Hydra Boats}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837016008267/mcft-20160630ex1020ddfcb.htm" }{\*\fldrslt\cf3\f51\fs18\qj LLC, MasterCraft International Sales}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837016008267/mcft-20160630ex1020ddfcb.htm" }{\*\fldrslt\cf3\f51\fs18\qj Administration,\~Inc. as borrowers and}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837016008267/mcft-20160630ex1020ddfcb.htm" }{\*\fldrslt\cf3\f51\fs18\qj other credit parties, various lenders}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837016008267/mcft-20160630ex1020ddfcb.htm" }{\*\fldrslt\cf3\f51\fs18\qj and Fifth Third Bank as the agent}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000155837016008267/mcft-20160630ex1020ddfcb.htm" }{\*\fldrslt\cf3\f51\fs18\qj and L/C issuer and lender}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10-K\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 001-37502\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 10.20\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 9/8/16\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\cellx1209\clvertalb\cellx1384\cellx4352\clvertalb\cellx4527\cellx4945\cellx5517\clvertalb\cellx5730\cellx6770\clvertalb\cellx6983\cellx7628\clvertalb\cellx7841\cellx8681\clvertalb\cellx8894\clvertalb\cellx9553\clvertalb\cellx9688\trrh0\row}}}\pard\plain\sb528\cf1\f51\fs20\qc 37\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}} \par\pard\plain 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"http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex2d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Membership Interest Purchase Agreement,}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex2d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj dated October\~2, 2017 among MCBC}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex2d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Holdings,\~Inc., Nautic Star, LLC and each of}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex2d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj the other parties thereto}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 8-K\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc 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"http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Third Amended and Restated Credit and}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Guaranty Agreement, dated October\~2, 2017,}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj by and among MasterCraft Boat Company,}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj LLC, MasterCraft Services,\~Inc., MCBC Hydra}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Boats, LLC, MasterCraft International Sales}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Administration,\~Inc., Nautic Star, LLC, NS}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj Transport, LLC and Navigator Marine, LLC as}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj borrowers and other credit parties, various}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" }{\*\fldrslt\cf3\f51\fs18\qj lenders and Fifth Third Bank as the agent and}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK "http://www.sec.gov/Archives/edgar/data/1638290/000110465917060070/a17-22740_1ex10d1.htm" 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\~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc **\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\cellx899\clvertalb\cellx1029\cellx4718\clvertalb\cellx4848\cellx5407\clvertalb\cellx5979\clvertalb\cellx6109\clvertalb\cellx7166\clvertalb\cellx7296\clvertalb\cellx7960\clvertalb\cellx8090\clvertalb\cellx8858\clvertalb\cellx8988\clvertalc\cellx9553\clvertalb\cellx9688\trrh513\row}}} {\trowd\trqc\cellx899\clvertalb\cellx1029\cellx4718\clvertalb\cellx4848\cellx5407\clvertalb\cellx5979\clvertalb\cellx6109\clvertalb\cellx7166\clvertalb\cellx7296\clvertalb\cellx7960\clvertalb\cellx8090\clvertalb\cellx8858\clvertalb\cellx8988\clvertalc\cellx9553\clvertalb\cellx9688\trrh513 \pard\plain\intbl\cf1\f51\fs18\qr 32.2\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_5" }{\*\fldrslt\cf3\f51\fs18\qj Section\~1350 Certification of Chief Financial}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_5" }{\*\fldrslt\cf3\f51\fs18\qj Officer}}\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc **\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\cellx899\clvertalb\cellx1029\cellx4718\clvertalb\cellx4848\cellx5407\clvertalb\cellx5979\clvertalb\cellx6109\clvertalb\cellx7166\clvertalb\cellx7296\clvertalb\cellx7960\clvertalb\cellx8090\clvertalb\cellx8858\clvertalb\cellx8988\clvertalc\cellx9553\clvertalb\cellx9688\trrh513\row}}} 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\~\cell\pard\plain\intbl\sb22\cf1\f51\fs18\qj XBRL Taxonomy Extension Calculation\plain\intbl\sa22\cf1\f51\fs18\qj Linkbase Document\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc *\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\cellx899\clvertalb\cellx1029\cellx4718\clvertalb\cellx4848\cellx5407\clvertalb\cellx5979\clvertalb\cellx6109\clvertalb\cellx7166\clvertalb\cellx7296\clvertalb\cellx7960\clvertalb\cellx8090\clvertalb\cellx8858\clvertalb\cellx8988\clvertalc\cellx9553\clvertalb\cellx9688\trrh535\row}}} 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\~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc *\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\cellx899\clvertalb\cellx1029\cellx4718\clvertalb\cellx4848\cellx5407\clvertalb\cellx5979\clvertalb\cellx6109\clvertalb\cellx7166\clvertalb\cellx7296\clvertalb\cellx7960\clvertalb\cellx8090\clvertalb\cellx8858\clvertalb\cellx8988\clvertalc\cellx9553\clvertalb\cellx9688\trrh535\row}}} {\trowd\trqc\cellx899\clvertalb\cellx1029\cellx4718\clvertalb\cellx4848\cellx5407\clvertalb\cellx5979\clvertalb\cellx6109\clvertalb\cellx7166\clvertalb\cellx7296\clvertalb\cellx7960\clvertalb\cellx8090\clvertalb\cellx8858\clvertalb\cellx8988\clvertalc\cellx9553\clvertalb\cellx9688\trrh535 \pard\plain\intbl\li154\cf1\f51\fs18\qr 101.DEF\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\sb22\cf1\f51\fs18\qj XBRL Taxonomy Extension Definition\plain\intbl\sa22\cf1\f51\fs18\qj Linkbase Document\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\cf1\f51\fs18\qc *\cell\pard\plain\intbl\cf1\f51\fs18\ql \~\cell{ {\trowd\trqc\cellx899\clvertalb\cellx1029\cellx4718\clvertalb\cellx4848\cellx5407\clvertalb\cellx5979\clvertalb\cellx6109\clvertalb\cellx7166\clvertalb\cellx7296\clvertalb\cellx7960\clvertalb\cellx8090\clvertalb\cellx8858\clvertalb\cellx8988\clvertalc\cellx9553\clvertalb\cellx9688\trrh535\row}}}\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\pard\plain\li792\sa66\fi-792\cf1\f51\fs20\ql \u8224?Indicates management contract or compensatory plan.\par\pard\plain\li792\sa66\fi-792\cf1\f51\fs20\ql *Filed herewith.\par\pard\plain\li792\sa66\fi-792\cf1\f51\fs20\ql **Furnished herewith.\par\pard\plain\sb528\cf1\f51\fs20\qc 38\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li220\ri220\cf1\f51\fs20\ql \~ \page\pard\plain\sa660\ul{\field{\*\fldinst HYPERLINK \\l "toc_12035971" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}{\*\bkmkstart part_1_2_3}{\*\bkmkend part_1_2_3}{\*\bkmkstart signatures_12035971}{\*\bkmkend signatures_12035971}\par\pard\plain\cf1\f51\fs20\b\qc SIGNATURES\par\pard\plain\cf1\f51\fs20\qc \~\par\pard\plain\cf1\f51\fs20\qj Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the\plain\cf1\f51\fs20\qj following persons on behalf of the registrant and in the capacities and on the dates indicated.\par\pard\plain\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh66 \pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell\pard\plain\intbl\cf1\f51\fs2\ql \~\cell{ {\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh66\row}}} {\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3121\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3282\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7663\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7824\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh310 \pard\plain\intbl\sb44\sa44\cf1\f51\fs16\b\qc Signature\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs16\b\qc Title\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs16\b\qc Date\cell{ {\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3121\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3282\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7663\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7824\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9688\trrh310\row}}} {\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360 \pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360\row}}} {\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh608 \pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql /s/ TERRY MCNEW\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\cf1\f51\fs20\ql President and Chief Executive Officer (Principal\plain\intbl\sa44\cf1\f51\fs20\ql Executive Officer) and Director\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh608\row}}} {\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360 \pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql Terry McNew\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql February 8, 2018\cell{ {\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360\row}}} {\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360 \pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360\row}}} {\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh608 \pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql /s/ TIMOTHY M. OXLEY\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\cf1\f51\fs20\ql Chief Financial Officer (Principal Financial and\plain\intbl\sa44\cf1\f51\fs20\ql Accounting Officer), Treasurer and Secretary\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh608\row}}} {\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360 \pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql Timothy M. Oxley\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql February 8, 2018\cell{ {\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360\row}}} {\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360 \pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb44\sa44\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx3121\clvertalb\cellx3282\clvertalb\cellx7663\clvertalb\cellx7824\clvertalb\cellx9688\trrh360\row}}}\pard\plain\cf1\f51\fs2\ql \~\par\pard\plain\sb528\cf1\f51\fs20\qc 39\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart doc_1_2}{\*\bkmkend doc_1_2}\par\pard\plain\cf1\f51\fs20\b\qr Exhibit 31.1\par\pard\plain\sb264\cf1\f51\fs20\b\qc CERTIFICATIONS\par\pard\plain\sb264\cf1\f51\fs20\ql I, Terry McNew, certify that:\par\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh248 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 1. I have reviewed this Quarterly Report on Form 10-Q of MCBC Holdings, Inc.;\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh248\row}}}\pard\plain\fi418\cf1\f51\fs2\ql \~\par\pard\plain\fi418\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh742 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a\plain\intbl\cf1\f51\fs20\ql material fact necessary to make the statements made, in light of the circumstances under which such statements\plain\intbl\cf1\f51\fs20\ql were made, not misleading with respect to the period covered by this report;\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\fi418\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh742 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly\plain\intbl\cf1\f51\fs20\ql present in all material respects the financial condition, results of operations and cash flows of the registrant as of,\plain\intbl\cf1\f51\fs20\ql and for, the periods presented in this report;\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\cf1\f62\fs22\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh742 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 4. The registrant\u8217?s other certifying officer and I are responsible for establishing and maintaining disclosure\plain\intbl\cf1\f51\fs20\ql controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over\plain\intbl\cf1\f51\fs20\ql financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh990 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be\plain\intbl\cf1\f51\fs20\ql designed under our supervision, to ensure that material information relating to the registrant, including its\plain\intbl\cf1\f51\fs20\ql consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in\plain\intbl\cf1\f51\fs20\ql which this report is being prepared;\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh990\row}}}\pard\plain\cf1\f62\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh990 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to\plain\intbl\cf1\f51\fs20\ql be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting\plain\intbl\cf1\f51\fs20\ql and the preparation of financial statements for external purposes in accordance with generally accepted accounting\plain\intbl\cf1\f51\fs20\ql principles;\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh990\row}}}\pard\plain\cf1\f62\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh742 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql c) Evaluated the effectiveness of the registrant\u8217?s disclosure controls and procedures and presented in this\plain\intbl\cf1\f51\fs20\ql report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period\plain\intbl\cf1\f51\fs20\ql covered by this report based on such evaluation; and\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\fi1386\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh990 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql d) Disclosed in this report any change in the registrant\u8217?s internal control over financial reporting that\plain\intbl\cf1\f51\fs20\ql occurred during the registrant\u8217?s most recent fiscal quarter (the registrant\u8217?s fourth fiscal quarter in the\plain\intbl\cf1\f51\fs20\ql case of an annual report) that has materially affected, or is reasonably likely to materially affect, the\plain\intbl\cf1\f51\fs20\ql registrant\u8217?s internal control over financial reporting; and\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh990\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh742 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 5. The registrant\u8217?s other certifying officer and I have disclosed, based on our most recent evaluation of\plain\intbl\cf1\f51\fs20\ql internal control over financial reporting, to the registrant\u8217?s auditors and the audit committee of the\plain\intbl\cf1\f51\fs20\ql registrant\u8217?s board of directors (or persons performing the equivalent functions):\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh742 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial\plain\intbl\cf1\f51\fs20\ql reporting which are reasonably likely to adversely affect the registrant\u8217?s ability to record, process, summarize\plain\intbl\cf1\f51\fs20\ql and report financial information; and\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh495 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql b) Any fraud, whether or not material, that involves management or other employees who have a significant role in\plain\intbl\cf1\f51\fs20\ql the registrant\u8217?s internal control over financial reporting.\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh495\row}}}\pard\plain\cf1\f51\fs24\ql \~ \par\pard\plain {\trowd\clvertalc\cellx4511\clvertalb\cellx4651\clvertalc\cellx5035\clvertalb\cellx5175\clvertalc\cellx9688\trrh66 \pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell{ {\trowd\clvertalc\cellx4511\clvertalb\cellx4651\clvertalc\cellx5035\clvertalb\cellx5175\clvertalc\cellx9688\trrh66\row}}} {\trowd\clvertalc\cellx4511\clvertalb\cellx4651\clvertalc\cellx5035\clvertalb\cellx5175\clvertalc\cellx9688\trrh297 \pard\plain\intbl\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx4511\clvertalb\cellx4651\clvertalc\cellx5035\clvertalb\cellx5175\clvertalc\cellx9688\trrh297\row}}} {\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\clbrdrb\brdrs\brdrcf1\cellx9688\trrh270 \pard\plain\intbl\cf1\f51\fs20\ql Date: February 8, 2018\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sa22\cf1\f51\fs20\ql /s/ Terry McNew\cell{ {\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\clbrdrb\brdrs\brdrcf1\cellx9688\trrh270\row}}} {\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\clbrdrt\brdrs\brdrcf1\cellx9688\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Terry McNew\cell{ {\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\clbrdrt\brdrs\brdrcf1\cellx9688\trrh264\row}}} {\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\cellx9688\trrh518 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql President and Chief Executive Officer\par\pard\plain\intbl\sa22\cf1\f51\fs20\ql (Principal Executive Officer)\cell{ {\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\cellx9688\trrh518\row}}}\pard\plain\sa176\cf1\f62\fs22\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart doc_1_3}{\*\bkmkend doc_1_3}\par\pard\plain\cf1\f51\fs20\b\qr Exhibit 31.2\par\pard\plain\sb264\cf1\f51\fs20\b\qc CERTIFICATIONS\par\pard\plain\sb264\cf1\f51\fs20\ql I, Timothy M. Oxley, certify that:\par\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh248 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 1. I have reviewed this Quarterly Report on Form 10-Q of MCBC Holdings, Inc.;\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh248\row}}}\pard\plain\fi418\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh742 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a\plain\intbl\cf1\f51\fs20\ql material fact necessary to make the statements made, in light of the circumstances under which such statements\plain\intbl\cf1\f51\fs20\ql were made, not misleading with respect to the period covered by this report;\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\fi418\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh742 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly\plain\intbl\cf1\f51\fs20\ql present in all material respects the financial condition, results of operations and cash flows of the registrant as of,\plain\intbl\cf1\f51\fs20\ql and for, the periods presented in this report;\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\cf1\f62\fs22\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh742 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 4. The registrant\u8217?s other certifying officer and I are responsible for establishing and maintaining disclosure\plain\intbl\cf1\f51\fs20\ql controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over\plain\intbl\cf1\f51\fs20\ql financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:\~\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh990 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be\plain\intbl\cf1\f51\fs20\ql designed under our supervision, to ensure that material information relating to the registrant, including its\plain\intbl\cf1\f51\fs20\ql consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in\plain\intbl\cf1\f51\fs20\ql which this report is being prepared;\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh990\row}}}\pard\plain\li-1386\fi1386\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh990 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to\plain\intbl\cf1\f51\fs20\ql be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting\plain\intbl\cf1\f51\fs20\ql and the preparation of financial statements for external purposes in accordance with generally accepted accounting\plain\intbl\cf1\f51\fs20\ql principles;\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh990\row}}}\pard\plain\li-1386\fi1386\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh742 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql c) Evaluated the effectiveness of the registrant\u8217?s disclosure controls and procedures and presented in this\plain\intbl\cf1\f51\fs20\ql report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period\plain\intbl\cf1\f51\fs20\ql covered by this report based on such evaluation; and\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\li-1386\fi1386\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh990 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql d) Disclosed in this report any change in the registrant\u8217?s internal control over financial reporting that\plain\intbl\cf1\f51\fs20\ql occurred during the registrant\u8217?s most recent fiscal quarter (the registrant\u8217?s fourth fiscal quarter in the\plain\intbl\cf1\f51\fs20\ql case of an annual report) that has materially affected, or is reasonably likely to materially affect, the\plain\intbl\cf1\f51\fs20\ql registrant\u8217?s internal control over financial reporting; and\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh990\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh742 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql 5. The registrant\u8217?s other certifying officer and I have disclosed, based on our most recent evaluation of\plain\intbl\cf1\f51\fs20\ql internal control over financial reporting, to the registrant\u8217?s auditors and the audit committee of the\plain\intbl\cf1\f51\fs20\ql registrant\u8217?s board of directors (or persons performing the equivalent functions):\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh742 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial\plain\intbl\cf1\f51\fs20\ql reporting which are reasonably likely to adversely affect the registrant\u8217?s ability to record, process, summarize\plain\intbl\cf1\f51\fs20\ql and report financial information; and\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh742\row}}}\pard\plain\fi1386\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx1\cellx9688\trrh495 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql b) Any fraud, whether or not material, that involves management or other employees who have a significant role in\plain\intbl\cf1\f51\fs20\ql the registrant\u8217?s internal control over financial reporting.\cell{ {\trowd\clvertalc\cellx1\cellx9688\trrh495\row}}}\pard\plain\cf1\f51\fs24\ql \~ \par\pard\plain {\trowd\clvertalc\cellx4510\clvertalb\cellx4650\clvertalc\cellx5034\clvertalb\cellx5174\clvertalc\cellx9688\trrh66 \pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell{ {\trowd\clvertalc\cellx4510\clvertalb\cellx4650\clvertalc\cellx5034\clvertalb\cellx5174\clvertalc\cellx9688\trrh66\row}}} {\trowd\clvertalc\cellx4510\clvertalb\cellx4650\clvertalc\cellx5034\clvertalb\cellx5174\clvertalc\cellx9688\trrh297 \pard\plain\intbl\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx4510\clvertalb\cellx4650\clvertalc\cellx5034\clvertalb\cellx5174\clvertalc\cellx9688\trrh297\row}}} {\trowd\cellx4510\clvertalb\cellx4650\cellx5034\clvertalb\cellx5174\clbrdrb\brdrs\brdrcf1\cellx9688\trrh270 \pard\plain\intbl\cf1\f51\fs20\ql Date: February 8, 2018\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sa22\cf1\f51\fs20\ql /s/ Timothy M. Oxley\cell{ {\trowd\cellx4510\clvertalb\cellx4650\cellx5034\clvertalb\cellx5174\clbrdrb\brdrs\brdrcf1\cellx9688\trrh270\row}}} {\trowd\cellx4510\clvertalb\cellx4650\cellx5034\clvertalb\cellx5174\clbrdrt\brdrs\brdrcf1\cellx9688\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Timothy M. Oxley\cell{ {\trowd\cellx4510\clvertalb\cellx4650\cellx5034\clvertalb\cellx5174\clbrdrt\brdrs\brdrcf1\cellx9688\trrh264\row}}} {\trowd\cellx4510\clvertalb\cellx4650\cellx5034\clvertalb\cellx5174\cellx9688\trrh518 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Chief Financial Officer, Treasurer and Secretary\par\pard\plain\intbl\sa22\cf1\f51\fs20\ql (Principal Financial and Accounting Officer)\cell{ {\trowd\cellx4510\clvertalb\cellx4650\cellx5034\clvertalb\cellx5174\cellx9688\trrh518\row}}}\pard\plain\sa176\cf1\f62\fs22\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart doc_1_4}{\*\bkmkend doc_1_4}\par\pard\plain\cf1\f51\fs20\b\qr Exhibit 32.1\par\pard\plain\sb264\cf1\f51\fs20\b\qc CERTIFICATION PURSUANT TO\par\pard\plain\cf1\f51\fs20\b\qc 18 U.S.C. SECTION 1350,\par\pard\plain\cf1\f51\fs20\b\qc AS ADOPTED PURSUANT TO\par\pard\plain\cf1\f51\fs20\b\qc SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002\par\pard\plain\sb264\cf1\f51\fs20\ql I, Terry McNew, Chief Executive Officer of MCBC Holdings, Inc. (the \u8220?Company\u8221?), hereby certify,\plain\cf1\f51\fs20\ql pursuant to 18 U.S.C. \u167?1350, as adopted pursuant to \u167?906 of the Sarbanes-Oxley Act of 2002, that, to\plain\cf1\f51\fs20\ql the best of my knowledge:\par\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx720\clvertalc\cellx721\cellx9688\trrh765 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql (1)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql The Quarterly Report on Form 10-Q of the Company for the fiscal quarter ended December 31, 2017 (the\plain\intbl\cf1\f51\fs20\ql \u8220?Report\u8221?) fully complies with the requirements of Section\~13(a) or 15(d) of the Securities\plain\intbl\cf1\f51\fs20\ql Exchange Act of 1934, as amended; and\cell{ {\trowd\clvertalc\cellx360\cellx720\clvertalc\cellx721\cellx9688\trrh765\row}}}\pard\plain\li792\cf1\f51\fs20\ql \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx720\clvertalc\cellx721\cellx9688\trrh495 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql (2)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql The information contained in the Report fairly presents, in all material respects, the financial condition and\plain\intbl\cf1\f51\fs20\ql results of operations of the Company.\cell{ {\trowd\clvertalc\cellx360\cellx720\clvertalc\cellx721\cellx9688\trrh495\row}}}\pard\plain\cf1\f51\fs24\ql \~ \par\pard\plain {\trowd\clvertalc\cellx4511\clvertalb\cellx4651\clvertalc\cellx5035\clvertalb\cellx5175\clvertalc\cellx9688\trrh66 \pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell{ {\trowd\clvertalc\cellx4511\clvertalb\cellx4651\clvertalc\cellx5035\clvertalb\cellx5175\clvertalc\cellx9688\trrh66\row}}} {\trowd\clvertalc\cellx4511\clvertalb\cellx4651\clvertalc\cellx5035\clvertalb\cellx5175\clvertalc\cellx9688\trrh297 \pard\plain\intbl\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx4511\clvertalb\cellx4651\clvertalc\cellx5035\clvertalb\cellx5175\clvertalc\cellx9688\trrh297\row}}} {\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\clbrdrb\brdrs\brdrcf1\cellx9688\trrh270 \pard\plain\intbl\cf1\f51\fs20\ql February 8, 2018\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sa22\cf1\f51\fs20\ql /s/ Terry McNew\cell{ {\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\clbrdrb\brdrs\brdrcf1\cellx9688\trrh270\row}}} {\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\clbrdrt\brdrs\brdrcf1\cellx9688\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Terry McNew\cell{ {\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\clbrdrt\brdrs\brdrcf1\cellx9688\trrh264\row}}} {\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\cellx9688\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql President and Chief Executive Officer (Principal\plain\intbl\cf1\f51\fs20\ql Executive Officer)\cell{ {\trowd\cellx4511\clvertalb\cellx4651\cellx5035\clvertalb\cellx5175\cellx9688\trrh495\row}}}\pard\plain\sa176\cf1\f62\fs22\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart doc_1_5}{\*\bkmkend doc_1_5}\par\pard\plain\cf1\f51\fs20\b\qr Exhibit 32.2\par\pard\plain\sb264\cf1\f51\fs20\b\qc CERTIFICATION PURSUANT TO\par\pard\plain\cf1\f51\fs20\b\qc 18 U.S.C. SECTION 1350,\par\pard\plain\cf1\f51\fs20\b\qc AS ADOPTED PURSUANT TO\par\pard\plain\cf1\f51\fs20\b\qc SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002\par\pard\plain\sb264\cf1\f51\fs20\ql I, Timothy M. Oxley, Chief Financial Officer of MCBC Holdings, Inc. (the \u8220?Company\u8221?), hereby\plain\cf1\f51\fs20\ql certify, pursuant to 18 U.S.C. \u167?1350, as adopted pursuant to \u167?906 of the Sarbanes-Oxley Act of 2002,\plain\cf1\f51\fs20\ql that, to the best of my knowledge:\par\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx720\clvertalc\cellx721\cellx9688\trrh742 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql (1)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql The Quarterly Report on Form 10-Q of the Company for the fiscal quarter ended December 31, 2017 (the\plain\intbl\cf1\f51\fs20\ql \u8220?Report\u8221?) fully complies with the requirements of Section\~13(a) or 15(d) of the Securities\plain\intbl\cf1\f51\fs20\ql Exchange Act of 1934, as amended; and\cell{ {\trowd\clvertalc\cellx360\cellx720\clvertalc\cellx721\cellx9688\trrh742\row}}}\pard\plain\fi22\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx360\cellx720\clvertalc\cellx721\cellx9688\trrh495 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql (2)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql The information contained in the Report fairly presents, in all material respects, the financial condition and\plain\intbl\cf1\f51\fs20\ql results of operations of the Company.\cell{ {\trowd\clvertalc\cellx360\cellx720\clvertalc\cellx721\cellx9688\trrh495\row}}}\pard\plain\cf1\f51\fs24\ql \~ \par\pard\plain {\trowd\clvertalc\cellx4510\clvertalb\cellx4650\clvertalc\cellx5034\clvertalb\cellx5174\clvertalc\cellx9688\trrh66 \pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell\pard\plain\intbl\cf1\f62\fs2\ql \~\cell{ {\trowd\clvertalc\cellx4510\clvertalb\cellx4650\clvertalc\cellx5034\clvertalb\cellx5174\clvertalc\cellx9688\trrh66\row}}} {\trowd\clvertalc\cellx4510\clvertalb\cellx4650\clvertalc\cellx5034\clvertalb\cellx5174\clvertalc\cellx9688\trrh297 \pard\plain\intbl\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalc\cellx4510\clvertalb\cellx4650\clvertalc\cellx5034\clvertalb\cellx5174\clvertalc\cellx9688\trrh297\row}}} {\trowd\cellx4510\clvertalb\cellx4650\cellx5034\clvertalb\cellx5174\clbrdrb\brdrs\brdrcf1\cellx9688\trrh270 \pard\plain\intbl\cf1\f51\fs20\ql February 8, 2018\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sa22\cf1\f51\fs20\ql /s/ Timothy M. Oxley\cell{ {\trowd\cellx4510\clvertalb\cellx4650\cellx5034\clvertalb\cellx5174\clbrdrb\brdrs\brdrcf1\cellx9688\trrh270\row}}} {\trowd\cellx4510\clvertalb\cellx4650\cellx5034\clvertalb\cellx5174\clbrdrt\brdrs\brdrcf1\cellx9688\trrh264 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Timothy M. Oxley\cell{ {\trowd\cellx4510\clvertalb\cellx4650\cellx5034\clvertalb\cellx5174\clbrdrt\brdrs\brdrcf1\cellx9688\trrh264\row}}} {\trowd\cellx4510\clvertalb\cellx4650\cellx5034\clvertalb\cellx5174\cellx9688\trrh518 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Chief Financial Officer, Treasurer and Secretary\par\pard\plain\intbl\sa22\cf1\f51\fs20\ql (Principal Financial and Accounting Officer)\cell{ {\trowd\cellx4510\clvertalb\cellx4650\cellx5034\clvertalb\cellx5174\cellx9688\trrh518\row}}}\pard\plain\sa176\cf1\f62\fs22\ql \~\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page}