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<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >
During</font><font style='font-family:Times New Roman;font-size:12pt;' > the </font><font style='font-family:Times New Roman;font-size:12pt;' >nine months ended</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >December 31, 2016</font><font style='font-family:Times New Roman;font-size:12pt;' >, the Company sold </font><font style='font-family:Times New Roman;font-size:12pt;' >$</font><font style='font-family:Times New Roman;font-size:12pt;' >95,253</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >of Green Giant finished goods invento</font><font style='font-family:Times New Roman;font-size:12pt;' >ry to </font><font style='font-family:Times New Roman;font-size:12pt;' >B&G Foods, Inc. </font><font style='font-family:Times New Roman;font-size:12pt;' >for cash, on a bill and hold basis, as compared to </font><font style='font-family:Times New Roman;font-size:12pt;' >$</font><font style='font-family:Times New Roman;font-size:12pt;' >126,050</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' > for the </font><font style='font-family:Times New Roman;font-size:12pt;' >nine months ended</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >December 26, 2015</font><font style='font-family:Times New Roman;font-size:12pt;' >. </font><font style='font-family:Times New Roman;font-size:12pt;' >Under the terms of the bill and hold agreement, title to the specified inventory transferred to </font><font style='font-family:Times New Roman;font-size:12pt;' >B&G</font><font style='font-family:Times New Roman;font-size:12pt;' >. The Company believes it has met the cri</font><font style='font-family:Times New Roman;font-size:12pt;' >teria required for bill and hold treatment</font><font style='font-family:Times New Roman;font-size:12pt;' >.</font></p></div>
434000
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<div><table style='border-collapse:collapse;' ><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:147.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:147.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Three Months Ended</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:147pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:147pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Nine Months Ended</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >December 31,</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >December 26,</font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >December 31,</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >December 26,</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2016</font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2015</font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2016</font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2015</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='7' rowspan='1' style='width:300.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:300.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(In thousands)</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td 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style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:69.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >6,491</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >7,558</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Interest Cost</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,919</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,177</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >5,756</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >6,532</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Expected Return on Plan Assets</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(2,978)</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(2,625)</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(8,934)</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(7,877)</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Amortization of Actuarial Loss</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >679</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >844</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,037</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,531</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Amortization of Transition Asset</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >27</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >27</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >82</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >82</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Net Periodic Benefit Cost</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:70.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,811</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,942</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >5,432</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >8,826</font></td></tr></table></div>
23100000
4904000
1480000
6746000
20000
4909000
649000
1152000
104000
1970000
9655000
1817000
7581000
<div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Long-Lived</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Severance</font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Asset Charges </font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Other Costs </font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Total </font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='7' rowspan='1' style='width:291pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:291pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(In thousands)</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Balance March 31, 2016</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:73.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >4,975</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >3,897</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >8,872</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >First quarter charge (credit)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >127</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(6)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,064</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,185</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Second quarter charge (credit)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >112</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(286)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >451</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >277</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Third quarter charge (credit)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,261</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >62</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(7)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,316</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Cash payments/write offs</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(1,480)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >164</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(3,588)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(4,904)</font></td></tr><tr style='height:15.75pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Balance December 31, 2016</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >20</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >4,909</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,817</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >6,746</font></td></tr><tr style='height:15.75pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Balance March 31, 2015</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >715</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:73.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >264</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >270</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,249</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >First quarter credit</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(81)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(81)</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Second quarter charge</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >15</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >15</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Third quarter charge</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >104</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,706</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >7,814</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >9,624</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Cash payments/write offs</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(649)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(503)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(1,152)</font></td></tr><tr style='height:15.75pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Balance December 26, 2015</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >104</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,970</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >7,581</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >9,655</font></td></tr></table></div>
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:-4.5pt;' >8.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;font-weight:bold;' >Other Operating Income and Expense</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >
During the nine months ended December 31, 2016 and December 26, 2015, the Company sold some unused fixed assets which resulted in a gain of $</font><font style='font-family:Times New Roman;font-size:12pt;' >149,000</font><font style='font-family:Times New Roman;font-size:12pt;' > and $</font><font style='font-family:Times New Roman;font-size:12pt;' >43,000</font><font style='font-family:Times New Roman;font-size:12pt;' >, respectively. During the quarter ended December 31, 2016, the Company recorded a charge for impairment of a long-term asset of $</font><font style='font-family:Times New Roman;font-size:12pt;' >1,052,000</font><font style='font-family:Times New Roman;font-size:12pt;' >. During the quarter ended December 26, 2015, the Company recorded a gain of $</font><font style='font-family:Times New Roman;font-size:12pt;' >24,275,000</font><font style='font-family:Times New Roman;font-size:12pt;' > related to a contractual pa</font><font style='font-family:Times New Roman;font-size:12pt;' >yment received in conjunction with a relationship transfer agreement with General Mills. During the quarter ended June 27, 2015, the Company reversed a provision for the Prop 65 litigation of $</font><font style='font-family:Times New Roman;font-size:12pt;' >200,000</font><font style='font-family:Times New Roman;font-size:12pt;' > and reduced an environmental accrual by $</font><font style='font-family:Times New Roman;font-size:12pt;' >82,000</font><font style='font-family:Times New Roman;font-size:12pt;' >. These</font><font style='font-family:Times New Roman;font-size:12pt;' > gains are included in other operating income in the </font><font style='font-family:Times New Roman;font-size:12pt;' >Unaudited Conden</font><font style='font-family:Times New Roman;font-size:12pt;' >sed Consolidated Statements of N</font><font style='font-family:Times New Roman;font-size:12pt;' >et </font><font style='font-family:Times New Roman;font-size:12pt;' >E</font><font style='font-family:Times New Roman;font-size:12pt;' >arnings</font><font style='font-family:Times New Roman;font-size:12pt;' >.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;line-height:12pt;' ></p></div>
6000
14246000
131000
17000
9790000
67000
9859000
15000
14130000
2000
<div><table style='border-collapse:collapse;' ><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:112.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Q U A R T E R</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:111pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:111pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >YEAR TO DATE</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:60pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fiscal</font></td><td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fiscal</font></td><td colspan='2' rowspan='1' style='width:60pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fiscal</font></td><td colspan='2' rowspan='1' style='width:58.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:58.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fiscal</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2017</font></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2016</font></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2017</font></td><td colspan='2' rowspan='1' style='width:58.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:58.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2016</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='8' rowspan='1' style='width:238.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:238.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(In thousands, except per share amounts)</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;color:#000000;' >Basic</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net earnings </font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,181</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >31,123</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14,263</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,613</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Deduct preferred stock dividends paid</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >17</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >17</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Undistributed earnings</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,175</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >31,117</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14,246</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,596</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Earnings attributable to participating preferred</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >75</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >285</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >131</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >416</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Earnings attributable to common shareholders</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,100</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >30,832</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14,115</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,180</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Weighted average common shares outstanding</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,770</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,884</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,790</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,891</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Basic earnings per common share </font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >0.83</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3.12</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1.44</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4.06</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;color:#000000;' >Diluted</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Earnings attributable to common shareholders</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,100</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >30,832</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14,115</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,180</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Add dividends on convertible preferred stock</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Earnings attributable to common stock on a diluted basis</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,105</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >30,837</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14,130</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,195</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Weighted average common shares outstanding-basic</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,770</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,884</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,790</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,891</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Additional shares issuable related to the </font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > equity compensation plan</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Additional shares to be issued under full </font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > conversion of preferred stock</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total shares for diluted</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,839</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,953</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,859</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,960</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Diluted earnings per common share</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >0.82</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3.10</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1.43</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4.04</font></td></tr></table></div>
432198000
332230000
378816000
19505000
24197000
383748000
48450000
2191000
-46000
46213000
15090000
31123000
30832000
3.12
3.1
971658000
868304000
51955000
24600000
905217000
66441000
5772000
60537000
19924000
40613000
40180000
4.06
4.04
31123000
402000
0
333000
500000
17000
40596000
416000
31117000
8175000
285000
75000
9770000
9884000
9891000
30837000
8105000
2000
67000
9953000
9839000
9960000
67000
2000
40195000
15000
<div><p style='text-align:left;margin-top:0.05pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >9.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;font-weight:bold;' >Recently Issued Accounting Standards</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >In May 2014, the</font><font style='font-family:Times New Roman;font-size:12pt;' > Financial Accounting Standards Board (</font><font style='font-family:Times New Roman;font-size:12pt;' >FASB</font><font style='font-family:Times New Roman;font-size:12pt;' >)</font><font style='font-family:Times New Roman;font-size:12pt;' > issued </font><font style='font-family:Times New Roman;font-size:12pt;' >Accounting Standards Update (</font><font style='font-family:Times New Roman;font-size:12pt;' >ASU</font><font style='font-family:Times New Roman;font-size:12pt;' >)</font><font style='font-family:Times New Roman;font-size:12pt;' > 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognit</font><font style='font-family:Times New Roman;font-size:12pt;' >ion guidance in U.S. GAAP when it becomes effective. The new standard is effective </font><font style='font-family:Times New Roman;font-size:12pt;' >for the Company on April 1, 2018 (beginning of fiscal 2019). Early adoption is </font><font style='font-family:Times New Roman;font-size:12pt;' >permitted. The standard permits the use of either the retrospective or cumulative effect trans</font><font style='font-family:Times New Roman;font-size:12pt;' >ition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ong</font><font style='font-family:Times New Roman;font-size:12pt;' >oing financial reporting</font><font style='font-family:Times New Roman;font-size:12pt;' > but is currently evaluating this</font><font style='font-family:Times New Roman;font-size:12pt;' >.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0.05pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >In February 2016, the FASB is</font><font style='font-family:Times New Roman;font-size:12pt;' >sued ASU</font><font style='font-family:Times New Roman;font-size:12pt;' > No. 2016-02, </font><font style='font-family:Times New Roman;font-size:12pt;font-style:italic;' >Leases.</font><font style='font-family:Times New Roman;font-size:12pt;' > The new standard establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet f</font><font style='font-family:Times New Roman;font-size:12pt;' >or all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning aft</font><font style='font-family:Times New Roman;font-size:12pt;' >er December 15, 2018 (beginning fiscal 2020), including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of th</font><font style='font-family:Times New Roman;font-size:12pt;' >e earliest comparative period presented in the financial statements, with certain practical expedients available. While we are still evaluating the impact of our pending adoption of the new standard on our consolidated financial statements, we expect that</font><font style='font-family:Times New Roman;font-size:12pt;' > upon adoption we will recognize ROU assets and lease liabilities and that the amounts could be material.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0.05pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >There were no</font><font style='font-family:Times New Roman;font-size:12pt;' > other</font><font style='font-family:Times New Roman;font-size:12pt;' > recently issued accounting pronouncements that impacted the Company’s condensed consolidated financial statements. In addition, t</font><font style='font-family:Times New Roman;font-size:12pt;' >he Company did not adopt any new accounting pronouncemen</font><font style='font-family:Times New Roman;font-size:12pt;' >ts during the quarter ended </font><font style='font-family:Times New Roman;font-size:12pt;' >December 31, 2016</font><font style='font-family:Times New Roman;font-size:12pt;' >.</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font></p></div>
10-Q
2016-12-31
false
Q3
2017
--03-31
0000088948
Yes
Accelerated Filer
SENECA FOODS CORP /NY/
No
No
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<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >11.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;font-weight:bold;' >Fair Value of Financial Instruments</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >
As required by Accounting Standards Codification ("ASC") 825, “Financial Instruments,” the Company estimates the fair values of financial instruments on a quarterly basis.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >The estimated fair value for long-term </font><font style='font-family:Times New Roman;font-size:12pt;' >debt (classified as Level 2 in the fair value hierarchy) is determined by the quoted market prices for similar debt (comparable to the Company’s</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >financial strength) or current rates offered to the Company for debt with the same maturities</font><font style='font-family:Times New Roman;font-size:12pt;' >. Long-term debt,</font><font style='font-family:Times New Roman;font-size:12pt;' > including current portion had a carrying amount of </font><font style='font-family:Times New Roman;font-size:12pt;' >$</font><font style='font-family:Times New Roman;font-size:12pt;' >351,272</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > and an estimated fair value of $</font><font style='font-family:Times New Roman;font-size:12pt;' >351,544</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > as </font><font style='font-family:Times New Roman;font-size:12pt;' >of </font><font style='font-family:Times New Roman;font-size:12pt;' >December 31, 2016</font><font style='font-family:Times New Roman;font-size:12pt;' >.</font><font style='font-family:Times New Roman;font-size:12pt;' > As of March 31, 2016, the carrying amount was $</font><font style='font-family:Times New Roman;font-size:12pt;' >315,539,000</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >and the estimated fair value was $</font><font style='font-family:Times New Roman;font-size:12pt;' >315,478,000</font><font style='font-family:Times New Roman;font-size:12pt;' >. Capital lease obligation</font><font style='font-family:Times New Roman;font-size:12pt;' >s, including current portion had a carrying amount of $</font><font style='font-family:Times New Roman;font-size:12pt;' >29,461,000</font><font style='font-family:Times New Roman;font-size:12pt;' > and an estimated fair value of $</font><font style='font-family:Times New Roman;font-size:12pt;' >27,303,000</font><font style='font-family:Times New Roman;font-size:12pt;' > as of </font><font style='font-family:Times New Roman;font-size:12pt;' >December 31, 2016</font><font style='font-family:Times New Roman;font-size:12pt;' >. As of March 31, 2016, the carrying amount was $</font><font style='font-family:Times New Roman;font-size:12pt;' >5,231,000</font><font style='font-family:Times New Roman;font-size:12pt;' > and the estimated fair value was $</font><font style='font-family:Times New Roman;font-size:12pt;' >5,076,000</font><font style='font-family:Times New Roman;font-size:12pt;' >. The fair values of all the ot</font><font style='font-family:Times New Roman;font-size:12pt;' >her financial instruments approximate their carrying value due to their short-term nature.</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font></p></div>
503000
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<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >3.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;font-weight:bold;' >Inventories</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >
First-In, First-Out (“FIFO”) based inventory costs exceeded LIFO based inventory costs by $</font><font style='font-family:Times New Roman;font-size:12pt;' >139,709,000 </font><font style='font-family:Times New Roman;font-size:12pt;' >as of the end of the third quarter of fiscal 2017 as compared to $</font><font style='font-family:Times New Roman;font-size:12pt;' >150,818,000 </font><font style='font-family:Times New Roman;font-size:12pt;' >as of the end of the third quarter of fiscal 2016. The </font><font style='font-family:Times New Roman;font-size:12pt;' >change in the LIFO Reserve for the three months ended December 31, 2016 was a decrease of $</font><font style='font-family:Times New Roman;font-size:12pt;' >3,941,000</font><font style='font-family:Times New Roman;font-size:12pt;' > as compared to a decrease of $</font><font style='font-family:Times New Roman;font-size:12pt;' >11,662,000</font><font style='font-family:Times New Roman;font-size:12pt;' > for the three months ended December 26, 2015. The change in the LIFO Reserve for the nine months ended December 3</font><font style='font-family:Times New Roman;font-size:12pt;' >1, 2016 was an increase of $</font><font style='font-family:Times New Roman;font-size:12pt;' >434,000</font><font style='font-family:Times New Roman;font-size:12pt;' > as compared to a decrease of $</font><font style='font-family:Times New Roman;font-size:12pt;' >13,249,000</font><font style='font-family:Times New Roman;font-size:12pt;' > for the nine months ended December 26, 2015. This reflects the projected impact of an overall cost increase expected in fiscal 2017 versus an overall cost decrease in fiscal 2016</font><font style='font-family:Times New Roman;font-size:12pt;' >.</font></p></div>
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >5.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;font-weight:bold;' >Stockholders’ Equity</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >
During the nine-month period ended December 31, </font><font style='font-family:Times New Roman;font-size:12pt;' >2016,</font><font style='font-family:Times New Roman;font-size:12pt;' > the Company repurchased </font><font style='font-family:Times New Roman;font-size:12pt;' >46,200</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >shares or $</font><font style='font-family:Times New Roman;font-size:12pt;' >1,518,000</font><font style='font-family:Times New Roman;font-size:12pt;' > of its Class A Common Stock as Treasury Stock </font><font style='font-family:Times New Roman;font-size:12pt;' >and </font><font style='font-family:Times New Roman;font-size:12pt;' >9,042</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >shares </font><font style='font-family:Times New Roman;font-size:12pt;' >or $</font><font style='font-family:Times New Roman;font-size:12pt;' >324</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > of its Class B Common Stock also as Treasury Stock. As of Dec</font><font style='font-family:Times New Roman;font-size:12pt;' >ember 31, 2016</font><font style='font-family:Times New Roman;font-size:12pt;' >, there </font><font style='font-family:Times New Roman;font-size:12pt;' >are </font><font style='font-family:Times New Roman;font-size:12pt;' >2,336,792</font><font style='font-family:Times New Roman;font-size:12pt;' > shares or $</font><font style='font-family:Times New Roman;font-size:12pt;' >67,550,000</font><font style='font-family:Times New Roman;font-size:12pt;' > of repurchased stock. These shares are not considered outstanding. </font></p></div>
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0
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1706000
<div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:114.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Third Quarter</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:114pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:114pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Year-to-Date</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:66.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;text-decoration:underline;color:#000000;' >2017</font></td><td colspan='3' rowspan='1' style='width:66.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;text-decoration:underline;color:#000000;' >2016</font></td><td colspan='3' rowspan='1' style='width:66.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;text-decoration:underline;color:#000000;' >2017</font></td><td colspan='3' rowspan='1' style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;text-decoration:underline;color:#000000;' >2016</font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:114.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(In thousands)</font></td><td style='width:11.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:114pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:114pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(In thousands)</font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Reported end of period:</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:47.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Outstanding borrowings</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >232,586</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >309,211</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >232,586</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >309,211</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Weighted average interest rate</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2.00</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.82</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2.00</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:47.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.82</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >%</font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Reported during the period:</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:47.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Maximum amount of borrowings</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >349,710</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >323,980</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >361,800</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >323,980</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Average outstanding borrowings</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >301,395</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >285,576</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >289,949</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >245,520</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Weighted average interest rate</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.89</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.90</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.88</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:47.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.93</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >%</font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:47.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr></table></div>
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:4.5pt;' >Reclassifications—Certain previously reported amounts have been reclassified to conform to the current period classification</font><font style='font-family:Times New Roman;font-size:12pt;' >.</font></p><p style='text-align:left;line-height:12pt;' ></p></div>
0.0189
0.019
0.0188
0.0193
0.02
0.0182
<div><p style='text-align:left;margin-top:5pt;margin-bottom:5pt;line-height:11pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:4.5pt;' >12.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;font-weight:bold;' >Income Taxes</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >The effective tax rate was </font><font style='font-family:Times New Roman;font-size:12pt;' >30.4</font><font style='font-family:Times New Roman;font-size:12pt;' >% and </font><font style='font-family:Times New Roman;font-size:12pt;' >32.9</font><font style='font-family:Times New Roman;font-size:12pt;' >% for the nine month periods ended D</font><font style='font-family:Times New Roman;font-size:12pt;' >ecember 31, 2016 and December 26, 2015</font><font style='font-family:Times New Roman;font-size:12pt;' >, respectively.  The </font><font style='font-family:Times New Roman;font-size:12pt;' >2.5</font><font style='font-family:Times New Roman;font-size:12pt;' > percentage point de</font><font style='font-family:Times New Roman;font-size:12pt;' >crease in the eff</font><font style='font-family:Times New Roman;font-size:12pt;' >ective tax rate represents a de</font><font style='font-family:Times New Roman;font-size:12pt;' >crease in tax expense as a percentage of book income when compared to the same period last year.  </font><font style='font-family:Times New Roman;font-size:12pt;' >The major contributor to this decrease is with the federal credits for R & D, WOTC and fuel.  These credits are largely fixed and with the significant decreas</font><font style='font-family:Times New Roman;font-size:12pt;' >e in pre-tax earnings for the nine months ended December 31, 2016, these credits are a larger percentage of pre-tax earnings in comparison to the nine months ended December 26, 2015.  </font></p></div>
35967000
11942000
490153000
1344000
3023000
97373000
65709000
-28396000
397539000
405174000
895327000
8602000
76788000
366911000
17122000
183674000
567707000
0
15765000
673887000
12897000
188837000
19706000
895327000
402000
67410000
9438000
11792000
27627000
2974000
279815000
399458000
37798000
5025000
4988000
1344000
3023000
97373000
-65709000
-28396000
397539000
1
15011000
1441000
0
3897000
4975000
8872000
127000
-6000
1064000
1185000
1185000
127000
33000
1025000
315478000
315539000
5231000
5076000
23784000
36647000
1395000
13654000
7710000
4120000
16082000
15011000
16834000
509000
872000
428000
3632000
0.25
0.025
0.025
0.025
0.25
0.25
200000
1400000
89751
500
200000
807240
89751
500
20000000
10000000
7864780
1894221
0.06
0.1
277000
112000
277000
112000
237000
402000
95253000
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >2.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;font-weight:bold;' >Acquisitions</font><font style='font-family:Times New Roman;font-size:12pt;font-weight:bold;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >On Octo</font><font style='font-family:Times New Roman;font-size:12pt;' >ber 30, 2015, the Company completed the acquisition of </font><font style='font-family:Times New Roman;font-size:12pt;' >100</font><font style='font-family:Times New Roman;font-size:12pt;' >% of the stock of Gray & Company. The business, based in Hart, Michigan, is a processor of maraschino cherries </font><font style='font-family:Times New Roman;font-size:11pt;' >and a provider of glace or candied fruit products</font><font style='font-family:Times New Roman;font-size:12pt;' >. This acquisition includes a plant </font><font style='font-family:Times New Roman;font-size:12pt;' >in Dayton, Oregon. The purchase price was approximately $</font><font style='font-family:Times New Roman;font-size:12pt;' >23,784,000</font><font style='font-family:Times New Roman;font-size:12pt;' > (net of cash acquired) plus the assumption of certain liabilities. In conjunction with the closing, the Company paid off $</font><font style='font-family:Times New Roman;font-size:12pt;' >12,034,000</font><font style='font-family:Times New Roman;font-size:12pt;' > of liabilities acquired. The rationale for the acquis</font><font style='font-family:Times New Roman;font-size:12pt;' >ition was twofold: (1) the business is a complementary fit with our existing business and (2) it provides an extension of our product offerings.</font><font style='font-family:Times New Roman;font-size:12pt;' > This acquisition was financed with proceeds from the Company's revolving credit facility. The purchase price </font><font style='font-family:Times New Roman;font-size:12pt;' >to acquire </font><font style='font-family:Times New Roman;font-size:12pt;' >Gray & Company</font><font style='font-family:Times New Roman;font-size:12pt;' > was allocated based on the internally developed fair value of the assets acquired and liabilities assumed and the independent valuation of </font><font style='font-family:Times New Roman;font-size:12pt;' >inventory, intangibles, and </font><font style='font-family:Times New Roman;font-size:12pt;' >property, plant, and equipm</font><font style='font-family:Times New Roman;font-size:12pt;' >ent. The purchase price of $23,784,</font><font style='font-family:Times New Roman;font-size:12pt;' >000</font><font style='font-family:Times New Roman;font-size:12pt;' > has been a</font><font style='font-family:Times New Roman;font-size:12pt;' >llocated as follows (in thousands</font><font style='font-family:Times New Roman;font-size:12pt;' >): </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Purchase Price (net of cash received)</font></td><td style='width:11.25pt;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:50.25pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >23,784</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Allocated as follows:</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Current assets</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:50.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >36,647</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other long-term assets</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,395</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Property, plant and equipment</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >13,654</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Deferred taxes</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(7,710)</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other long-term liabilities</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4,120)</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Current liabilities</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(16,082)</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:50.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >23,784</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >In February 2016</font><font style='font-family:Times New Roman;font-size:12pt;' >, the Company</font><font style='font-family:Times New Roman;font-size:12pt;' > completed the acquisition of </font><font style='font-family:Times New Roman;font-size:12pt;' >100</font><font style='font-family:Times New Roman;font-size:12pt;' >% of the stock of Diana Fruit Co., Inc. The business, based in Santa Clara, California</font><font style='font-family:Times New Roman;font-size:12pt;' >, is a processor of maraschino cherries and cherries for fruit cocktail. The purchase price was </font><font style='font-family:Times New Roman;font-size:12pt;' >approximately $</font><font style='font-family:Times New Roman;font-size:12pt;' >15</font><font style='font-family:Times New Roman;font-size:12pt;' >,011,000</font><font style='font-family:Times New Roman;font-size:12pt;' > (net of cash acquired) plus the assumption of certain liabilities. In conjunction with the closing, the Company paid off $</font><font style='font-family:Times New Roman;font-size:12pt;' >1</font><font style='font-family:Times New Roman;font-size:12pt;' >,441,000</font><font style='font-family:Times New Roman;font-size:12pt;' > of liabilities acquired. The rationale for the acquisition was the business is a complementary f</font><font style='font-family:Times New Roman;font-size:12pt;' >it with the recent acquisition of Gray & Company. This acquisition was financed with proceeds from the Company's revolving credit facility. The purchase price to acquire Diana was allocated based on the i</font><font style='font-family:Times New Roman;font-size:12pt;' >nternally developed </font><font style='font-family:Times New Roman;font-size:12pt;' >fair value of the </font><font style='font-family:Times New Roman;font-size:12pt;' >assets acquired and liabili</font><font style='font-family:Times New Roman;font-size:12pt;' >ties assumed and the</font><font style='font-family:Times New Roman;font-size:12pt;' > independent valuation of inventory, intangibles, and property, plant, and equipment. The</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >purchase price of $15,011,000</font><font style='font-family:Times New Roman;font-size:12pt;' > has been allocated as follows (in thousands): </font><font style='font-family:Times New Roman;font-size:12pt;' > </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Purchase Price (net of cash received)</font></td><td style='width:11.25pt;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:50.25pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15,011</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Allocated as follows:</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Current assets</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:50.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >16,834</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other long-term assets</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >509</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Property, plant and equipment</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >872</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Deferred taxes</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >428</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Current liabilities</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3,632)</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:50.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15,011</font></td></tr></table></div>
<div><table style='border-collapse:collapse;' ><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Purchase Price (net of cash received)</font></td><td style='width:11.25pt;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:50.25pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >23,784</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Allocated as follows:</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Current assets</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:50.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >36,647</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other long-term assets</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,395</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Property, plant and equipment</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >13,654</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Deferred taxes</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(7,710)</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other long-term liabilities</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4,120)</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Current liabilities</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(16,082)</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:50.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >23,784</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Purchase Price (net of cash received)</font></td><td style='width:11.25pt;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:50.25pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15,011</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Allocated as follows:</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Current assets</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:50.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >16,834</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other long-term assets</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >509</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Property, plant and equipment</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >872</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Deferred taxes</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >428</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Current liabilities</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(3,632)</font></td></tr><tr style='height:12.75pt;' ><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:319.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:50.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15,011</font></td></tr></table></div>
5025000
0
25992000
0
23784000
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >4. </font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;font-weight:bold;' >Revolving Credit Facility</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >
The Company completed the closing of a new five-year revolving credit facility (“Revolver”) on July 5, 2016. Maximum borrowings under the Revolver total $</font><font style='font-family:Times New Roman;font-size:12pt;' >400,000,000</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >from April through July and $</font><font style='font-family:Times New Roman;font-size:12pt;' >500,000,000</font><font style='font-family:Times New Roman;font-size:12pt;' > from August through March. The Revolver balance as of December 31, 2016 was $232,586,000 and is included in Long-Term Debt in the accompanying Condensed Consolidated Balance Sheet since the Revolver matures on July 5, 2021.  </font><font style='font-family:Times New Roman;font-size:12pt;' >The Company utilizes its Revol</font><font style='font-family:Times New Roman;font-size:12pt;' >ver for general corporate purposes, including seasonal working capital needs, to pay debt principal and interest obligations, and to fund capital expenditures and acquisitions. Seasonal working capital needs are affected by the growing cycles of the veget</font><font style='font-family:Times New Roman;font-size:12pt;' >ables and fruits the Company processes. The majority of vegetable and fruit inventories are produced during the months of June through November and are then sold over the following year. Payment terms for vegetable and fruit produce are generally three m</font><font style='font-family:Times New Roman;font-size:12pt;' >onths but can vary from a few days to seven months. Accordingly, the Company’s need to draw on the Revolver may fluctuate significantly throughout the year. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >The increase in average amount of Revolver borrowings during the first nine months of fiscal 20</font><font style='font-family:Times New Roman;font-size:12pt;' >17 compared to the first nine months of fiscal 2016 was attributable to the new Farm Credit debt of $100,000,000, by Accounts Receivables which are $</font><font style='font-family:Times New Roman;font-size:12pt;' >7,624,000</font><font style='font-family:Times New Roman;font-size:12pt;' > lower than the same period last year and by operating results in the last year ended December 31,</font><font style='font-family:Times New Roman;font-size:12pt;' > 2016 of $</font><font style='font-family:Times New Roman;font-size:12pt;' >28,108,000</font><font style='font-family:Times New Roman;font-size:12pt;' >, partially offset by an acquisition of Diana Fruit Co. Inc. for $</font><font style='font-family:Times New Roman;font-size:12pt;' >15,011,000</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >made during the last year ended March 2016, </font><font style='font-family:Times New Roman;font-size:12pt;' >the payoff of $</font><font style='font-family:Times New Roman;font-size:12pt;' >22,596,000</font><font style='font-family:Times New Roman;font-size:12pt;' > of Industrial Revenue Bonds, </font><font style='font-family:Times New Roman;font-size:12pt;' >and total Inventories which are $</font><font style='font-family:Times New Roman;font-size:12pt;' >25,187,000</font><font style='font-family:Times New Roman;font-size:12pt;' > higher than the </font><font style='font-family:Times New Roman;font-size:12pt;' >same period last year.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >General terms of the Revolver include payment of interest at LIBOR plus a defined spread.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >The following table documents the quantitative data for </font><font style='font-family:Times New Roman;font-size:12pt;' >Revolver borrowings during the third quarter and year-to-date periods of fiscal 2017 </font><font style='font-family:Times New Roman;font-size:12pt;' >and fiscal 2016</font><font style='font-family:Times New Roman;font-size:12pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:114.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Third Quarter</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:114pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:114pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Year-to-Date</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:66.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;text-decoration:underline;color:#000000;' >2017</font></td><td colspan='3' rowspan='1' style='width:66.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;text-decoration:underline;color:#000000;' >2016</font></td><td colspan='3' rowspan='1' style='width:66.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;text-decoration:underline;color:#000000;' >2017</font></td><td colspan='3' rowspan='1' style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;text-decoration:underline;color:#000000;' >2016</font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:114.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(In thousands)</font></td><td style='width:11.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:114pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:114pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(In thousands)</font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Reported end of period:</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:47.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Outstanding borrowings</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >232,586</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >309,211</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >232,586</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >309,211</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Weighted average interest rate</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2.00</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.82</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2.00</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:47.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.82</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >%</font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Reported during the period:</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:47.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Maximum amount of borrowings</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >349,710</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >323,980</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >361,800</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >323,980</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Average outstanding borrowings</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >301,395</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >285,576</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >289,949</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >245,520</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Weighted average interest rate</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.89</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.90</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.88</font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:47.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.93</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >%</font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:47.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr></table></div>
500000000
400000000
22596000
15011000
25187000
7624000
232586000
46200
1518000
9042
324000
2336792
11662000
13249000
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >6.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;font-weight:bold;' >Retirement Plans</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >The</font><font style='font-family:Times New Roman;font-size:12pt;' > net periodic benefit cost for the Company’s pension plan consisted of:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:147.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:147.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Three Months Ended</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:147pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:147pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Nine Months Ended</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >December 31,</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >December 26,</font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >December 31,</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >December 26,</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2016</font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2015</font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2016</font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2015</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='7' rowspan='1' style='width:300.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:300.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(In thousands)</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Service Cost</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:70.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,164</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,519</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:69.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >6,491</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >7,558</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Interest Cost</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,919</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,177</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >5,756</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >6,532</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Expected Return on Plan Assets</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(2,978)</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(2,625)</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(8,934)</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(7,877)</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Amortization of Actuarial Loss</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >679</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >844</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,037</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,531</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Amortization of Transition Asset</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >27</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >27</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >82</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >82</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Net Periodic Benefit Cost</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:70.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,811</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,942</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >5,432</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >8,826</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >Total contributions of $</font><font style='font-family:Times New Roman;font-size:12pt;' >8,0</font><font style='font-family:Times New Roman;font-size:12pt;' >00,000 </font><font style='font-family:Times New Roman;font-size:12pt;' >were made to the Pension Plan during the nine month period ended December 31, 2016</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >and a contribution</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >of $</font><font style='font-family:Times New Roman;font-size:12pt;' >23,100</font><font style='font-family:Times New Roman;font-size:12pt;' >,000 </font><font style='font-family:Times New Roman;font-size:12pt;' >was made during the nine month period ended December 26, 2015</font><font style='font-family:Times New Roman;font-size:12pt;' >.</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font></p></div>
6491000
5756000
8934000
5432000
-2037000
27000
82000
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >7.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;font-weight:bold;' >Plant </font><font style='font-family:Times New Roman;font-size:12pt;font-weight:bold;' >Restruc</font><font style='font-family:Times New Roman;font-size:12pt;font-weight:bold;' >turing</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >The following table summarizes the restructuring charges</font><font style='font-family:Times New Roman;font-size:12pt;' > and related asset impairment charges</font><font style='font-family:Times New Roman;font-size:12pt;' > record</font><font style='font-family:Times New Roman;font-size:12pt;' >ed and the accruals established</font><font style='font-family:Times New Roman;font-size:12pt;' >: </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Long-Lived</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Severance</font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Asset Charges </font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Other Costs </font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Total </font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='7' rowspan='1' style='width:291pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:291pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(In thousands)</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Balance March 31, 2016</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:73.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >4,975</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >3,897</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >8,872</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >First quarter charge (credit)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >127</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(6)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,064</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,185</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Second quarter charge (credit)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >112</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(286)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >451</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >277</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Third quarter charge (credit)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,261</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >62</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(7)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,316</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Cash payments/write offs</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(1,480)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >164</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(3,588)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(4,904)</font></td></tr><tr style='height:15.75pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Balance December 31, 2016</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >20</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >4,909</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,817</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >6,746</font></td></tr><tr style='height:15.75pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Balance March 31, 2015</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >715</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:73.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >264</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >270</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,249</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >First quarter credit</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(81)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(81)</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Second quarter charge</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >15</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >15</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Third quarter charge</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >104</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,706</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >7,814</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >9,624</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Cash payments/write offs</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(649)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(503)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(1,152)</font></td></tr><tr style='height:15.75pt;' ><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Balance December 26, 2015</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >104</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,970</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >7,581</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >9,655</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >During 2016, the Company recorded a restructuring charge of $</font><font style='font-family:Times New Roman;font-size:12pt;' >10,302,000</font><font style='font-family:Times New Roman;font-size:12pt;' > related to the closing of a plant in the Northwest of which $</font><font style='font-family:Times New Roman;font-size:12pt;' >162,000</font><font style='font-family:Times New Roman;font-size:12pt;' > was related to severance cost, $</font><font style='font-family:Times New Roman;font-size:12pt;' >5,065,000</font><font style='font-family:Times New Roman;font-size:12pt;' > was related to asset impairments (contra fixed assets), and $</font><font style='font-family:Times New Roman;font-size:12pt;' >5,075</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > was related to other costs (mostly operating lease costs). </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >During the quarter ended December 31</font><font style='font-family:Times New Roman;font-size:12pt;' >, 2016, the Company recorded an additional restructuring charge of $</font><font style='font-family:Times New Roman;font-size:12pt;' >1,316</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > related to the previous closing of </font><font style='font-family:Times New Roman;font-size:12pt;' >plant</font><font style='font-family:Times New Roman;font-size:12pt;' >s</font><font style='font-family:Times New Roman;font-size:12pt;' > in the Northwest of which $</font><font style='font-family:Times New Roman;font-size:12pt;' >1,261</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > was related to severance cost, </font><font style='font-family:Times New Roman;font-size:12pt;' >$</font><font style='font-family:Times New Roman;font-size:12pt;' >62</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > was related to equipment relocation costs, and </font><font style='font-family:Times New Roman;font-size:12pt;' >a credit of </font><font style='font-family:Times New Roman;font-size:12pt;' >$</font><font style='font-family:Times New Roman;font-size:12pt;' >7</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > was related to other costs. </font><font style='font-family:Times New Roman;font-size:12pt;' >During the quarter ended October 1</font><font style='font-family:Times New Roman;font-size:12pt;' >, 2016, the Company recorded an additiona</font><font style='font-family:Times New Roman;font-size:12pt;' >l restructuring charge of $</font><font style='font-family:Times New Roman;font-size:12pt;' >277</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > relate</font><font style='font-family:Times New Roman;font-size:12pt;' >d to the previous</font><font style='font-family:Times New Roman;font-size:12pt;' > closing of a plan</font><font style='font-family:Times New Roman;font-size:12pt;' >t in the Northwest of which $</font><font style='font-family:Times New Roman;font-size:12pt;' >112</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > was relat</font><font style='font-family:Times New Roman;font-size:12pt;' >ed to severance cost, $</font><font style='font-family:Times New Roman;font-size:12pt;' >402</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > was related to equipment relocation costs, and </font><font style='font-family:Times New Roman;font-size:12pt;' >a </font><font style='font-family:Times New Roman;font-size:12pt;' >$</font><font style='font-family:Times New Roman;font-size:12pt;' >237</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > credit which</font><font style='font-family:Times New Roman;font-size:12pt;' > related to other costs</font><font style='font-family:Times New Roman;font-size:12pt;' >, mostly a fixed assets impairment adjustment</font><font style='font-family:Times New Roman;font-size:12pt;' >. Dur</font><font style='font-family:Times New Roman;font-size:12pt;' >ing the quarter ended July 2, 2016, the Company recorded an additional restructuring charge of $</font><font style='font-family:Times New Roman;font-size:12pt;' >1,185,000</font><font style='font-family:Times New Roman;font-size:12pt;' > related to the previous</font><font style='font-family:Times New Roman;font-size:12pt;' > closing of a plant in the Northwest of which $</font><font style='font-family:Times New Roman;font-size:12pt;' >127,000</font><font style='font-family:Times New Roman;font-size:12pt;' > was related to severance cost, $</font><font style='font-family:Times New Roman;font-size:12pt;' >1,025,000</font><font style='font-family:Times New Roman;font-size:12pt;' > was related to equipment reloc</font><font style='font-family:Times New Roman;font-size:12pt;' >ation costs, and $</font><font style='font-family:Times New Roman;font-size:12pt;' >33,000</font><font style='font-family:Times New Roman;font-size:12pt;' > was related to other costs. </font></p></div>
164000
149000
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >10.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;font-weight:bold;' >Earnings per Common Share</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >
E</font><font style='font-family:Times New Roman;font-size:12pt;' >arnings</font><font style='font-family:Times New Roman;font-size:12pt;' > per share for the q</font><font style='font-family:Times New Roman;font-size:12pt;' >uarters </font><font style='font-family:Times New Roman;font-size:12pt;' >e</font><font style='font-family:Times New Roman;font-size:12pt;' >nded </font><font style='font-family:Times New Roman;font-size:12pt;' >December 31, 2016</font><font style='font-family:Times New Roman;font-size:12pt;' > and </font><font style='font-family:Times New Roman;font-size:12pt;' >December 26, 2015</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >are</font><font style='font-family:Times New Roman;font-size:12pt;' > as</font><font style='font-family:Times New Roman;font-size:12pt;' > follows:</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:112.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Q U A R T E R</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:111pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:111pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >YEAR TO DATE</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:60pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fiscal</font></td><td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fiscal</font></td><td colspan='2' rowspan='1' style='width:60pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fiscal</font></td><td colspan='2' rowspan='1' style='width:58.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:58.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fiscal</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2017</font></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2016</font></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2017</font></td><td colspan='2' rowspan='1' style='width:58.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:58.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2016</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='8' rowspan='1' style='width:238.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:238.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(In thousands, except per share amounts)</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;color:#000000;' >Basic</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net earnings </font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,181</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >31,123</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14,263</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,613</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Deduct preferred stock dividends paid</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >17</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >17</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Undistributed earnings</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,175</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >31,117</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14,246</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,596</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Earnings attributable to participating preferred</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >75</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >285</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >131</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >416</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Earnings attributable to common shareholders</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,100</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >30,832</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14,115</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,180</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Weighted average common shares outstanding</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,770</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,884</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,790</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,891</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Basic earnings per common share </font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >0.83</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3.12</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1.44</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4.06</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;color:#000000;' >Diluted</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Earnings attributable to common shareholders</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,100</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >30,832</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14,115</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,180</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Add dividends on convertible preferred stock</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Earnings attributable to common stock on a diluted basis</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,105</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >30,837</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >14,130</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,195</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Weighted average common shares outstanding-basic</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,770</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,884</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,790</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,891</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Additional shares issuable related to the </font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > equity compensation plan</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Additional shares to be issued under full </font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > conversion of preferred stock</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total shares for diluted</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,839</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,953</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,859</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,960</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Diluted earnings per common share</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >0.82</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3.10</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1.43</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4.04</font></td></tr></table></div>
29461000
27303000
7864780
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;font-weight:bold;text-decoration:underline;' >Unaudited Condensed Consolidated Financial Statements</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, which are normal and recurring in nature, necessary to </font><font style='font-family:Times New Roman;font-size:12pt;' >present fairly</font><font style='font-family:Times New Roman;font-size:12pt;' > the financial position of Seneca Foods Corporation (the “Company”) as of </font><font style='font-family:Times New Roman;font-size:12pt;' >December 31, 2016</font><font style='font-family:Times New Roman;font-size:12pt;' > and results of its operations and its cash flows for the interim periods presented. All significant intercompany transactions and accounts have been eliminated in consolidat</font><font style='font-family:Times New Roman;font-size:12pt;' >ion.</font><font style='font-family:Times New Roman;font-size:12pt;' > The March 31, 2016</font><font style='font-family:Times New Roman;font-size:12pt;' > balance sheet was derived from the audited consolidated financial statements. </font></p><p style='text-align:left;margin-top:12pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >The results of operations for the </font><font style='font-family:Times New Roman;font-size:12pt;' >three and nine</font><font style='font-family:Times New Roman;font-size:12pt;font-weight:bold;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >month </font><font style='font-family:Times New Roman;font-size:12pt;' >periods ended </font><font style='font-family:Times New Roman;font-size:12pt;' >December 31, 2016</font><font style='font-family:Times New Roman;font-size:12pt;' > are not necessarily indicative of the results to be expected for the full year.</font></p><p style='text-align:left;margin-top:12pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >On December 9, 2016, the Company entered into a Loan and Guaranty Agreement (“Loan Agreement”) with Farm Credit East, ACA which provides for a $</font><font style='font-family:Times New Roman;font-size:12pt;' >100,000,000</font><font style='font-family:Times New Roman;font-size:12pt;' > unsecured term loan with a maturity date of December 9, 2021. Borrowings under the </font><font style='font-family:Times New Roman;font-size:12pt;' >Loan Agreement </font><font style='font-family:Times New Roman;font-size:12pt;' >may be used for working capital and general corporate purposes. The Loan Agreement contains restrictive covenants usual and customary for loans of this type. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >
During</font><font style='font-family:Times New Roman;font-size:12pt;' > the </font><font style='font-family:Times New Roman;font-size:12pt;' >nine months ended</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >December 31, 2016</font><font style='font-family:Times New Roman;font-size:12pt;' >, the Company sold </font><font style='font-family:Times New Roman;font-size:12pt;' >$</font><font style='font-family:Times New Roman;font-size:12pt;' >95,253</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >of Green Giant finished goods invento</font><font style='font-family:Times New Roman;font-size:12pt;' >ry to </font><font style='font-family:Times New Roman;font-size:12pt;' >B&G Foods, Inc. </font><font style='font-family:Times New Roman;font-size:12pt;' >for cash, on a bill and hold basis, as compared to </font><font style='font-family:Times New Roman;font-size:12pt;' >$</font><font style='font-family:Times New Roman;font-size:12pt;' >126,050</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' > for the </font><font style='font-family:Times New Roman;font-size:12pt;' >nine months ended</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >December 26, 2015</font><font style='font-family:Times New Roman;font-size:12pt;' >. </font><font style='font-family:Times New Roman;font-size:12pt;' >Under the terms of the bill and hold agreement, title to the specified inventory transferred to </font><font style='font-family:Times New Roman;font-size:12pt;' >B&G</font><font style='font-family:Times New Roman;font-size:12pt;' >. The Company believes it has met the cri</font><font style='font-family:Times New Roman;font-size:12pt;' >teria required for bill and hold treatment</font><font style='font-family:Times New Roman;font-size:12pt;' >.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >The accounting policies followed by the Company are set forth in Note 1 to the Company's Consolidated Financial </font><font style='font-family:Times New Roman;font-size:12pt;' >Statements in the Company’s 2016</font><font style='font-family:Times New Roman;font-size:12pt;' > Annual Report on Form 10-K. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:4.5pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >Other footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted. These unaudited condensed consolidated financial statemen</font><font style='font-family:Times New Roman;font-size:12pt;' >ts should be read in conjunction with the financial statements and note</font><font style='font-family:Times New Roman;font-size:12pt;' >s included in the Company's 2016</font><font style='font-family:Times New Roman;font-size:12pt;' > Annual Report on Form 10-K.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:4.5pt;' > All references to years are fiscal years ended or ending March 31 unless otherwise indicated.</font><font style='font-family:Times New Roman;font-size:12pt;' > Certain percentage tables </font><font style='font-family:Times New Roman;font-size:12pt;' >may not foot due to rounding.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:4.5pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >Reclassifications—Certain previously reported amounts have been reclassified to conform to the current period classification</font></p></div>
100000000
351272000
351544000
23056000
14263000
1261000
62000
7000
1316000
<div><p style='text-align:left;margin-top:5pt;margin-bottom:5pt;line-height:11pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:4.5pt;' >13.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;font-weight:bold;' >Interim Notes</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >During fiscal 2017 and 2016, the Company entered into some interim lease notes which financed down payments for various equipment orders at market rates. As of December 31, 2016, some of these interim notes had not been converted into capital</font><font style='font-family:Times New Roman;font-size:12pt;' > leases since the equipment was not placed in service. These notes, which total $1,255,000 and $402,000 as of December 31, 2016 and December 26, 2015, respectively, are included in Notes Payable in the accompanying Condensed Consolidated Balance</font><font style='font-family:Times New Roman;font-size:12pt;' > Sheets. These notes are expected to be converted into capital</font><font style='font-family:Times New Roman;font-size:12pt;' > leases within the next twelve months.</font></p></div>
67550000
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >14</font><font style='font-family:Times New Roman;font-size:12pt;' >.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;font-weight:bold;' >Subsequent Event</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >On January 19, 2017, several roofs collapsed at one of the Company’s p</font><font style='font-family:Times New Roman;font-size:12pt;' >lants in the Northwestern U.S. as a result of heavy snowfall</font><font style='font-family:Times New Roman;font-size:12pt;' >.  An estimate of the cost to repair the damage is currently being prepared.  The </font><font style='font-family:Times New Roman;font-size:12pt;' >losses are not </font><font style='font-family:Times New Roman;font-size:12pt;' >expected to exceed the Company’s property insurance deductible of $</font><font style='font-family:Times New Roman;font-size:12pt;' >5</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >million</font><font style='font-family:Times New Roman;font-size:12pt;' >. </font></p><p style='text-align:left;line-height:12pt;' ></p></div>
5000000
28108000
1052000
0.304
0.329
0.025