%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 772.60 Td (Click here for ) Tj ET Q q 0 0 0 rg BT 107.85 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 113.26 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 754.5 m 560.5 754.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 756 m BT /F2 12.00 Tf ET q 0 0 0 rg BT 127.65 738.87 Td (UNITED STATES SECURITIES AND EXCHANGE COMMISSION) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 245.65 724.68 Td (Washington, D.C. 20549) Tj ET Q /GS0 gs q 78.16 0 0 12.50 265.90 706.50 cm /I1 Do Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.80 694.68 Td (QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15\(d\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 178.50 680.68 Td (OF THE SECURITIES EXCHANGE ACT OF 1934) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 667.5 m 331 667.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 652.5 m 331 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 667.5 m 561 667.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 652.5 m 561 652.5 l s BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.50 657.40 Td (For the quarterly period ended March31, 2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 408.25 657.40 Td (Commission file number 1-5128) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 216.00 0 0 56.00 198.00 592.00 cm /I2 Do Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 481.5 m 292.5 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 468.5 m 292.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 481.5 m 298.5 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 468.5 m 298.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 481.5 m 560.5 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 468.5 m 560.5 468.5 l s BT /F2 16.00 Tf ET q 0 0 0 rg BT 198.25 568.16 Td (MEREDITH CORPORATION) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.35 555.45 Td (\(Exact name of registrant as specified in its charter\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 159.35 535.55 Td (Iowa) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 402.40 535.55 Td (42-0410230) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.40 524.45 Td (\(State or other jurisdiction of incorporation or organization\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.90 524.45 Td (\(I.R.S. Employer Identification No.\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 83.25 504.55 Td (1716 Locust Street, Des Moines, Iowa) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 402.40 504.55 Td (50309-3023) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 107.50 493.45 Td (\(Address of principal executive offices\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.30 493.45 Td (\(Zip Code\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 185.60 471.55 Td (Registrant's telephone number) Tj ET Q q 0 0 0 rg BT 282.25 471.55 Td (, including area code: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.11 471.55 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 355.61 471.55 Td (\(515\) 284-3000) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 445.00 Td (Indicate by check mark whether the registrant \(1\) has filed all reports required to be filed by Section 13 or 15\(d\) of the Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 433.00 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 77.37 433.00 Td (Act of 1934 during the preceding 12 months \(or for such shorter period that the registrant was required to file such reports\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 421.00 Td (and \(2\) has been subject to such filing requirements for the past 90 days.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 397.00 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 397.00 Td (Y) Tj ET Q q 0 0 0 rg BT 78.22 397.00 Td (es ) Tj ET Q /GS0 gs q 10.60 0 0 10.09 91.55 394.84 cm /I3 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.15 397.00 Td (No ) Tj ET Q /GS0 gs q 8.91 0 0 10.09 126.87 394.84 cm /I4 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 373.00 Td (Indicate by check mark whether the registrant has submitted electronically and posted on its corporate ) Tj ET Q q 0 0 0 rg BT 446.51 373.00 Td (W) Tj ET Q q 0 0 0 rg BT 455.15 373.00 Td (eb site, if any) Tj ET Q q 0 0 0 rg BT 508.37 373.00 Td (, every ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 361.00 Td (Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T) Tj ET Q q 0 0 0 rg BT 424.34 361.00 Td ( during the preceding 12 months \(or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 349.00 Td (for such shorter period that the registrant was required to submit and post such files\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 325.00 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 325.00 Td (Y) Tj ET Q q 0 0 0 rg BT 78.22 325.00 Td (es ) Tj ET Q /GS0 gs q 10.60 0 0 10.09 91.55 322.84 cm /I5 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.15 325.00 Td (No ) Tj ET Q /GS0 gs q 8.91 0 0 10.09 126.87 322.84 cm /I6 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 301.00 Td (Indicate by check mark whether the registrant is a lar) Tj ET Q q 0 0 0 rg BT 248.23 301.00 Td (ge accelerated filer) Tj ET Q q 0 0 0 rg BT 323.88 301.00 Td (, an accelerated filer) Tj ET Q q 0 0 0 rg BT 404.53 301.00 Td (, a non-accelerated filer) Tj ET Q q 0 0 0 rg BT 498.50 301.00 Td (, a smaller ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 289.00 Td (reporting company) Tj ET Q q 0 0 0 rg BT 111.16 289.00 Td (, or an emer) Tj ET Q q 0 0 0 rg BT 158.73 289.00 Td (ging growth company) Tj ET Q q 0 0 0 rg BT 245.85 289.00 Td (. See definitions of "lar) Tj ET Q q 0 0 0 rg BT 338.34 289.00 Td (ge accelerated filer) Tj ET Q q 0 0 0 rg BT 413.99 289.00 Td (," "accelerated filer) Tj ET Q q 0 0 0 rg BT 490.86 289.00 Td (," "smaller reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 277.00 Td (company) Tj ET Q q 0 0 0 rg BT 72.01 277.00 Td (," and "emer) Tj ET Q q 0 0 0 rg BT 121.91 277.00 Td (ging growth company" in Rule 12b-2 of the Exchange ) Tj ET Q q 0 0 0 rg BT 340.67 277.00 Td (Act.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.40 253.00 Td (Lar) Tj ET Q q 0 0 0 rg BT 165.10 253.00 Td (ge accelerated filer ) Tj ET Q /GS0 gs q 10.60 0 0 10.09 246.15 250.84 cm /I7 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.75 253.00 Td () Tj ET Q q 0 0 0 rg BT 268.69 253.00 Td (Accelerated filer ) Tj ET Q /GS0 gs q 8.91 0 0 10.09 340.59 250.84 cm /I8 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 253.00 Td (Non-accelerated filer ) Tj ET Q /GS0 gs q 8.91 0 0 10.09 451.66 250.84 cm /I9 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.50 241.00 Td (Smaller reporting company ) Tj ET Q /GS0 gs q 8.91 0 0 10.09 290.91 238.84 cm /I10 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.83 241.00 Td (Emer) Tj ET Q q 0 0 0 rg BT 333.80 241.00 Td (ging growth company ) Tj ET Q /GS0 gs q 8.91 0 0 10.09 426.56 238.84 cm /I11 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 217.00 Td (If an emer) Tj ET Q q 0 0 0 rg BT 76.90 217.00 Td (ging growth company) Tj ET Q q 0 0 0 rg BT 164.02 217.00 Td (, indicate by check mark if the registrant has elected not to use the extended transition period for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 205.00 Td (complying with any new or revised financial accounting standards provided pursuant to Section 13\(a\) of the Exchange ) Tj ET Q q 0 0 0 rg BT 512.25 205.00 Td (Act) Tj ET Q /GS0 gs q 8.91 0 0 10.09 539.19 202.84 cm /I12 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 181.00 Td (Indicate by check mark whether the registrant is a shell company \(as defined in Rule 12b-2 of the Exchange ) Tj ET Q q 0 0 0 rg BT 469.46 181.00 Td (Act\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 157.00 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 157.00 Td (Y) Tj ET Q q 0 0 0 rg BT 78.22 157.00 Td (es ) Tj ET Q /GS0 gs q 8.91 0 0 10.09 91.55 154.84 cm /I13 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.46 157.00 Td (No ) Tj ET Q /GS0 gs q 10.60 0 0 10.09 125.18 154.84 cm /I14 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 133.00 Td (Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 110.5 m 398.5 110.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 96.5 m 398.5 96.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 110.5 m 458.5 110.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 96.5 m 458.5 96.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 66.5 m 398.5 66.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 51.5 m 398.5 51.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 66.5 m 458.5 66.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 51.5 m 458.5 51.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.00 101.18 Td (Shares of stock outstanding at March 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 86.17 Td (Common shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.00 86.07 Td (......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.60 86.17 Td (39,438,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 71.17 Td (Class B shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.00 71.07 Td (........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.60 71.17 Td (5,150,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 56.17 Td (Total common and Class B shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 56.07 Td (.........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.60 56.17 Td (44,589,532) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 38.5 m 118.5 38.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 36.5 m 118.5 36.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 118.5 38.5 m 560.5 38.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 118.5 36.5 m 560.5 36.5 l s BT /F1 10.00 Tf ET endstream endobj 5 0 obj <> endobj 6 0 obj <> stream 1 1 1 rg /GS0 gs 117.50 616.50 405.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 117.50 586.50 405.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 117.50 546.50 405.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 117.50 506.50 405.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 117.50 466.50 405.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 117.50 426.50 405.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 107.50 396.50 415.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 107.50 366.50 415.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 107.50 336.50 415.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 107.50 276.50 415.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 107.50 246.50 415.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 107.50 216.50 415.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 107.50 186.50 415.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 107.50 156.50 415.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 748.5 m 107.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 107.5 748.5 m 117.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 117.5 748.5 m 522.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 748.5 m 552.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 714.5 m 107.5 714.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 107.5 714.5 m 117.5 714.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 117.5 714.5 m 522.5 714.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 714.5 m 552.5 714.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 86.5 m 107.5 86.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 56.5 m 107.5 56.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 107.5 86.5 m 117.5 86.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 107.5 56.5 m 117.5 56.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 117.5 86.5 m 522.5 86.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 117.5 56.5 m 522.5 56.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 86.5 m 552.5 86.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 56.5 m 552.5 56.5 l s BT /F2 11.00 Tf ET q 0 0 0 rg BT 246.30 728.55 Td (TABLE OF CONTENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.55 677.07 Td (Page) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 243.90 662.55 Td (Part I - Financial Information) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 61.00 634.37 Td (Item 1.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 110.00 634.37 Td (Financial Statements \(Unaudited\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 120.00 606.37 Td (Condensed Consolidated Balance Sheets as of March31, 2017 and June 30, 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 480.50 606.37 Td (..............) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 120.00 576.37 Td (Condensed Consolidated Statements of Earnings for the Three and Nine Months Ended) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 120.00 565.37 Td (March31, 2017 and 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 235.75 565.37 Td (.......................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 120.00 536.37 Td (Condensed Consolidated Statements of Comprehensive Income for the Three and Nine) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 120.00 525.37 Td (Months Ended March31, 2017 and 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 301.75 525.37 Td (...............................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 120.00 496.37 Td (Condensed Consolidated Statement of Shareholders' Equity for the Nine Months Ended) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 120.00 485.37 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 191.75 485.37 Td (.......................................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 120.00 456.37 Td (Condensed Consolidated Statements of Cash Flows for the Nine Months Ended March31,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 120.00 445.37 Td (2017 and 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 186.25 445.37 Td (.........................................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 120.00 416.37 Td (Notes to Condensed Consolidated Financial Statements) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 365.00 416.37 Td (........................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 61.00 386.37 Td (Item 2.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 110.00 386.37 Td (Management's Discussion and Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 505.25 386.37 Td (.....) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 61.00 356.37 Td (Item 3.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 110.00 356.37 Td (Quantitative and Qualitative Disclosures About Market Risk) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 376.00 356.37 Td (....................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 61.00 326.37 Td (Item 4.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 110.00 326.37 Td (Controls and Procedures) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 219.25 326.37 Td (.............................................................................................................) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 249.80 296.40 Td (Part II - Other Information) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 61.00 266.37 Td (Item 1A.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 110.00 266.37 Td (Risk Factors) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 167.00 266.37 Td (................................................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 61.00 236.37 Td (Item 2.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 110.00 236.37 Td (Unregistered Sales of Equity Securities and Use of Proceeds) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 376.00 236.37 Td (....................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 61.00 206.37 Td (Item 6.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 110.00 206.37 Td (Exhibits) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 147.75 206.37 Td (.......................................................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 110.00 176.37 Td (Signature) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 153.25 176.37 Td (.....................................................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 110.00 146.37 Td (Index to Attached Exhibits) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 230.25 146.37 Td (.........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.95 74.12 Td (Meredith Corporation and its consolidated subsidiaries are referred to in this Quarterly Report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.60 64.12 Td (on ) Tj ET Q /GS0 gs q 48.89 0 0 10.09 173.10 61.96 cm /I15 Do Q /GS0 gs q 55.55 0 0 10.09 221.99 61.96 cm /I16 Do Q q 0 0 0 rg BT 277.54 64.12 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 288.37 64.12 Td (Mer) Tj ET Q q 0 0 0 rg BT 304.66 64.12 Td (edith, the Company) Tj ET Q q 0 0 0 rg BT 382.15 64.12 Td (, we, our) Tj ET Q q 0 0 0 rg BT 416.04 64.12 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.04 64.12 Td (and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 435.48 64.12 Td ( us) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.87 64.12 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 606.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 566.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 526.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 486.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 446.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 416.17 Td (6) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.00 386.17 Td (17) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.00 356.17 Td (28) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.00 326.17 Td (29) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.00 266.17 Td (30) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.00 236.17 Td (30) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.00 206.17 Td (31) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.00 176.17 Td (32) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.55 147.07 Td (E-1) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (1) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 53.00 738.55 Td (PART I) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 251.70 738.55 Td (FINANCIAL INFORMATION) Tj ET Q BT /F1 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 53.00 715.55 Td (Item 1.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 106.00 715.55 Td (Financial Statements) Tj ET Q BT /F1 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 690.20 Td (Mer) Tj ET Q q 0 0 0 rg BT 69.95 690.20 Td (edith Corporation and Subsidiaries) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 677.00 Td (Condensed Consolidated Balance Sheets) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 663.80 Td (\(Unaudited\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 597.30 360.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 597.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 597.30 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 597.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 597.30 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 571.30 360.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 571.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 571.30 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 571.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 571.30 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 545.30 360.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 545.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 545.30 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 545.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 545.30 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 519.30 360.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 519.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 519.30 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 519.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 519.30 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 493.30 360.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 493.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 493.30 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 493.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 493.30 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 465.30 360.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 465.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 465.30 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 465.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 465.30 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 439.30 360.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 439.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 439.30 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 439.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 439.30 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 413.30 360.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 413.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 413.30 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 413.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 413.30 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 352.30 360.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 352.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 352.30 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 352.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 352.30 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 326.30 360.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 326.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 326.30 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 326.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 326.30 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 300.30 360.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 300.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 300.30 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 300.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 300.30 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 274.30 360.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 274.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 274.30 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 274.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 274.30 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 248.30 360.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 248.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 248.30 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 248.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 248.30 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 222.30 360.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 222.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 222.30 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 222.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 222.30 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 196.30 360.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 196.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 196.30 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 196.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 196.30 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 170.30 360.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 170.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 170.30 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 170.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 170.30 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 144.30 360.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 144.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 144.30 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 144.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 144.30 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 118.30 360.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 118.30 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 118.30 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 118.30 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 118.30 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 91.30 360.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 91.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 91.30 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 91.30 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 91.30 64.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 647.3 m 410 647.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 623.3 m 410 623.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 647.3 m 420 647.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 623.3 m 420 623.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 647.3 m 487 647.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 623.3 m 487 623.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 647.3 m 497 647.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 623.3 m 497 623.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 647.3 m 561 647.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 623.3 m 561 623.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 519.3 m 410 519.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 519.3 m 420 519.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 519.3 m 487 519.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 519.3 m 497 519.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 519.3 m 561 519.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 506.29999999999995 m 410 506.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 506.29999999999995 m 420 506.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 519.3 m 487 519.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 506.29999999999995 m 487 506.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 506.29999999999995 m 497 506.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 519.3 m 561 519.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 506.29999999999995 m 561 506.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 506.29999999999995 m 487 506.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 506.29999999999995 m 561 506.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 478.29999999999995 m 410 478.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 478.29999999999995 m 420 478.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 478.29999999999995 m 487 478.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 478.29999999999995 m 497 478.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 478.29999999999995 m 561 478.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 478.29999999999995 m 561 478.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 400.29999999999995 m 410 400.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 400.29999999999995 m 420 400.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 400.29999999999995 m 487 400.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 400.29999999999995 m 497 400.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 400.29999999999995 m 561 400.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 387.29999999999995 m 410 387.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 410 387.29999999999995 m 420 387.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 400.29999999999995 m 487 400.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420 387.29999999999995 m 487 387.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 487 387.29999999999995 m 497 387.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 400.29999999999995 m 561 400.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497 387.29999999999995 m 561 387.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 364.29999999999995 m 410 364.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 364.29999999999995 m 420 364.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 364.29999999999995 m 487 364.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 364.29999999999995 m 497 364.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 364.29999999999995 m 561 364.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 287.29999999999995 m 410 287.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 287.29999999999995 m 420 287.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 287.29999999999995 m 487 287.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 287.29999999999995 m 497 287.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 287.29999999999995 m 561 287.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 287.29999999999995 m 561 287.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 209.29999999999995 m 410 209.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 209.29999999999995 m 420 209.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 209.29999999999995 m 487 209.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 209.29999999999995 m 497 209.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 209.29999999999995 m 561 209.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 196.29999999999995 m 410 196.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 196.29999999999995 m 420 196.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 196.29999999999995 m 487 196.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 196.29999999999995 m 497 196.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 196.29999999999995 m 561 196.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 104.29999999999995 m 410 104.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 104.29999999999995 m 420 104.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 104.29999999999995 m 487 104.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 104.29999999999995 m 497 104.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 104.29999999999995 m 561 104.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 91.29999999999995 m 410 91.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 91.29999999999995 m 420 91.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 91.29999999999995 m 487 91.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 91.29999999999995 m 497 91.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 91.29999999999995 m 561 91.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 78.29999999999995 m 410 78.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 410 78.29999999999995 m 420 78.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420 78.29999999999995 m 487 78.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 487 78.29999999999995 m 497 78.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497 78.29999999999995 m 561 78.29999999999995 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 627.98 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.15 637.98 Td (March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.00 627.98 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.70 637.98 Td (June 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.50 627.98 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 614.55 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 601.03 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 587.87 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.00 587.87 Td (...................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.50 587.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 587.87 Td (27,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 587.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 587.87 Td (24,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 574.87 Td (Accounts receivable, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.50 574.87 Td (......................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 574.87 Td (275,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 574.87 Td (273,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 561.87 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 561.87 Td (...........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 561.87 Td (25,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 561.87 Td (20,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 548.87 Td (Current portion of subscription acquisition costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.50 548.87 Td (................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 548.87 Td (136,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 548.87 Td (133,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 535.87 Td (Current portion of broadcast rights) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 535.87 Td (......................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 535.87 Td (7,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 535.87 Td (4,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 522.87 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.00 522.87 Td (.............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 522.87 Td (22,206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 522.87 Td (24,023) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 510.03 Td (Total current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.50 509.87 Td (............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 509.87 Td (494,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 509.87 Td (481,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 496.87 Td (Property, plant, and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.50 496.87 Td (............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 496.87 Td (537,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 496.87 Td (530,052) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 482.97 Td (Less accumulated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.50 482.87 Td (........................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.30 483.02 Td (\(356,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 482.97 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.30 483.02 Td (\(339,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 482.97 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 468.87 Td (Net property, plant, and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.00 468.87 Td (.....................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 468.87 Td (180,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 468.87 Td (190,953) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 455.87 Td (Subscription acquisition costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.00 455.87 Td (.............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 455.87 Td (82,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 455.87 Td (95,960) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 442.87 Td (Broadcast rights) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.00 442.87 Td (...................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 442.87 Td (4,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 442.87 Td (4,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 429.87 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 429.87 Td (..........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 429.87 Td (56,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 429.87 Td (57,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 416.87 Td (Intangible assets, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.50 416.87 Td (............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 416.87 Td (908,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 416.87 Td (913,877) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 403.87 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 403.87 Td (..............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 403.87 Td (895,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 403.87 Td (883,129) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 391.03 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 390.87 Td (..........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.50 390.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 390.87 Td (2,621,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 390.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.15 390.87 Td (2,626,791) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 368.03 Td (Liabilities and Shareholders' Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 355.03 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 342.87 Td (Current portion of long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.00 342.87 Td (.......................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.50 342.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 342.87 Td (62,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 342.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 342.87 Td (75,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 329.87 Td (Current portion of long-term broadcast rights payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 329.87 Td (.......................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 329.87 Td (8,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 329.87 Td (4,649) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 316.87 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 316.87 Td (.................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 316.87 Td (75,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 316.87 Td (82,107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 303.87 Td (Accrued expenses and other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.50 303.87 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 303.87 Td (119,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 303.87 Td (116,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 290.87 Td (Current portion of unearned subscription revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 290.87 Td (.............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 290.87 Td (198,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 290.87 Td (199,359) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 278.03 Td (Total current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.50 277.87 Td (......................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 277.87 Td (464,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 277.87 Td (477,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 264.87 Td (Long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.50 264.87 Td (....................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 264.87 Td (568,714) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 264.87 Td (618,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 251.87 Td (Long-term broadcast rights payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.50 251.87 Td (....................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 251.87 Td (5,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 251.87 Td (5,524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 238.87 Td (Unearned subscription revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.50 238.87 Td (..........................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 238.87 Td (111,456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 238.87 Td (128,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 225.87 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 225.87 Td (.........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 225.87 Td (372,544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 225.87 Td (336,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 212.87 Td (Other noncurrent liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 212.87 Td (..................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 212.87 Td (126,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 212.87 Td (170,946) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 200.03 Td (Total liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.50 199.87 Td (....................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 199.87 Td (1,648,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.15 199.87 Td (1,737,748) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 187.03 Td (Shareholders' equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 173.87 Td (Series preferred stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.50 173.87 Td (..........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 173.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 173.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 160.87 Td (Common stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.00 160.87 Td (.....................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 160.87 Td (39,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 160.87 Td (39,272) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 147.87 Td (Class B stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 147.87 Td (.......................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 147.87 Td (5,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 147.87 Td (5,284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 134.87 Td (Additional paid-in capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.50 134.87 Td (....................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 134.87 Td (54,790) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 134.87 Td (54,282) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 121.87 Td (Retained earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 121.87 Td (................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 121.87 Td (895,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 121.87 Td (818,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 108.87 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.50 108.87 Td (..............................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.30 108.92 Td (\(22,561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 108.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 108.92 Td (\(28,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 108.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 95.03 Td (Total shareholders' equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.00 94.87 Td (.................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.65 94.87 Td (972,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 94.87 Td (889,043) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 82.03 Td (Total liabilities and shareholders' equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 81.87 Td (.........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.50 81.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 81.87 Td (2,621,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 81.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.15 81.87 Td (2,626,791) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 60.80 Td (See accompanying Notes to Condensed Consolidated Financial Statements.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (2) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 741.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 69.95 741.60 Td (edith Corporation and Subsidiaries) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 728.40 Td (Condensed Consolidated Statements of Earnings) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 715.20 Td (\(Unaudited\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 635.50 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 635.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 635.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 635.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 635.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 635.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 635.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 635.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 635.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 607.50 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 607.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 607.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 607.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 607.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 607.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 607.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 607.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 607.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 579.50 240.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 579.50 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 579.50 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 579.50 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 579.50 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 579.50 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 579.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 579.50 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 579.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 552.50 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 552.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 552.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 552.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 552.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 552.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 552.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 552.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 552.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 524.50 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 524.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 524.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 524.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 524.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 524.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 524.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 524.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 524.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 496.50 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 496.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 496.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 496.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 496.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 496.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 496.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 496.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 496.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 468.50 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 468.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 468.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 468.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 468.50 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 468.50 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 468.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 468.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 468.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 439.50 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 439.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 439.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 439.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 439.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 439.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 439.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 439.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 439.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 411.50 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 411.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 411.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 411.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 411.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 411.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 411.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 411.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 411.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 383.50 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 383.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 383.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 383.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 383.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 383.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 383.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 383.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 383.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 355.50 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 355.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 355.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 355.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 355.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 355.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 355.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 355.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 355.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 327.50 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 327.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 327.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 327.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 327.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 327.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 327.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 327.50 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 327.50 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 691.5 m 289.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 691.5 m 347.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 676.5 m 347.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 691.5 m 357.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 676.5 m 357.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 691.5 m 415.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 676.5 m 415.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 691.5 m 423.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 691.5 m 423.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 691.5 m 431.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 691.5 m 491.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 676.5 m 491.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 691.5 m 501.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 676.5 m 501.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 691.5 m 561.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 676.5 m 561.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 661.5 m 289.5 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 676.5 m 347.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 661.5 m 347.5 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 676.5 m 357.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 661.5 m 357.5 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 676.5 m 415.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 661.5 m 415.5 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 661.5 m 423.5 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 676.5 m 423.5 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 661.5 m 431.5 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 676.5 m 491.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 661.5 m 491.5 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 676.5 m 501.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 661.5 m 501.5 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 676.5 m 561.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 661.5 m 561.5 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 661.5 m 423.5 648.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 648.5 m 423.5 635.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 635.5 m 423.5 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 621.5 m 423.5 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 593.5 m 289.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 593.5 m 347.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 593.5 m 357.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 593.5 m 415.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 593.5 m 423.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 607.5 m 423.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 593.5 m 431.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 593.5 m 491.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 593.5 m 501.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 593.5 m 561.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 579.5 m 289.5 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 593.5 m 347.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 579.5 m 347.5 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 593.5 m 357.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 579.5 m 357.5 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 593.5 m 415.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 579.5 m 415.5 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 593.5 m 423.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 579.5 m 423.5 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 593.5 m 423.5 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 593.5 m 431.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 579.5 m 431.5 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 593.5 m 491.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 579.5 m 491.5 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 593.5 m 501.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 579.5 m 501.5 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 593.5 m 561.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 579.5 m 561.5 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 579.5 m 423.5 566.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 566.5 m 423.5 552.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 552.5 m 423.5 538.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 538.5 m 423.5 524.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 510.5 m 289.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 510.5 m 347.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 510.5 m 357.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 510.5 m 415.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 510.5 m 423.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 524.5 m 423.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 510.5 m 431.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 510.5 m 491.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 510.5 m 501.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 510.5 m 561.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 496.5 m 289.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 510.5 m 347.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 496.5 m 347.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 510.5 m 357.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 496.5 m 357.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 510.5 m 415.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 496.5 m 415.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 510.5 m 423.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 496.5 m 423.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 510.5 m 423.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 510.5 m 431.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 496.5 m 431.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 510.5 m 491.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 496.5 m 491.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 510.5 m 501.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 496.5 m 501.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 510.5 m 561.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 496.5 m 561.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 496.5 m 347.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 496.5 m 357.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 496.5 m 415.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 496.5 m 423.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 496.5 m 423.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 496.5 m 431.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 496.5 m 491.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 496.5 m 561.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 468.5 m 289.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 468.5 m 347.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 468.5 m 357.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 468.5 m 415.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 468.5 m 423.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 482.5 m 423.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 468.5 m 431.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 468.5 m 491.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 468.5 m 501.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 468.5 m 561.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 468.5 m 347.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 468.5 m 357.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 468.5 m 415.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 468.5 m 423.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 468.5 m 423.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 468.5 m 431.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 468.5 m 491.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 468.5 m 561.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 439.5 m 289.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 439.5 m 347.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 439.5 m 357.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 439.5 m 415.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 439.5 m 423.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 453.5 m 423.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 439.5 m 431.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 439.5 m 491.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 439.5 m 501.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 439.5 m 561.5 439.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 425.5 m 289.5 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 439.5 m 347.5 439.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 425.5 m 347.5 425.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 425.5 m 357.5 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 439.5 m 415.5 439.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 425.5 m 415.5 425.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 425.5 m 423.5 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 439.5 m 423.5 425.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 425.5 m 431.5 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 439.5 m 491.5 439.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 425.5 m 491.5 425.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 425.5 m 501.5 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 439.5 m 561.5 439.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 425.5 m 561.5 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 425.5 m 423.5 411.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 397.5 m 289.5 397.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 397.5 m 347.5 397.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 397.5 m 357.5 397.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 397.5 m 415.5 397.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 397.5 m 423.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 411.5 m 423.5 397.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 397.5 m 431.5 397.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 397.5 m 491.5 397.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 397.5 m 501.5 397.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 397.5 m 561.5 397.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 383.5 m 289.5 383.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 397.5 m 347.5 397.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 383.5 m 347.5 383.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 397.5 m 357.5 397.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 383.5 m 357.5 383.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 397.5 m 415.5 397.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 383.5 m 415.5 383.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 397.5 m 423.5 397.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 383.5 m 423.5 383.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 397.5 m 423.5 383.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 397.5 m 431.5 397.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 383.5 m 431.5 383.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 397.5 m 491.5 397.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 383.5 m 491.5 383.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 397.5 m 501.5 397.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 383.5 m 501.5 383.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 397.5 m 561.5 397.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 383.5 m 561.5 383.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 383.5 m 423.5 369.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 383.5 m 561.5 383.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 355.5 m 289.5 355.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 355.5 m 347.5 355.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 355.5 m 357.5 355.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 355.5 m 415.5 355.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 355.5 m 423.5 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 369.5 m 423.5 355.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 355.5 m 431.5 355.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 355.5 m 491.5 355.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 355.5 m 501.5 355.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 355.5 m 561.5 355.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 341.5 m 289.5 341.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 355.5 m 347.5 355.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 341.5 m 347.5 341.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 355.5 m 357.5 355.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 341.5 m 357.5 341.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 355.5 m 415.5 355.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 341.5 m 415.5 341.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 355.5 m 423.5 355.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 341.5 m 423.5 341.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 355.5 m 423.5 341.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 355.5 m 431.5 355.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 341.5 m 431.5 341.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 355.5 m 491.5 355.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 341.5 m 491.5 341.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 355.5 m 501.5 355.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 341.5 m 501.5 341.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 355.5 m 561.5 355.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 341.5 m 561.5 341.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 341.5 m 423.5 327.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 313.5 m 289.5 313.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 313.5 m 347.5 313.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 313.5 m 357.5 313.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 313.5 m 415.5 313.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 313.5 m 423.5 313.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 327.5 m 423.5 313.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 313.5 m 431.5 313.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 313.5 m 491.5 313.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 313.5 m 501.5 313.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 313.5 m 561.5 313.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.65 681.18 Td (Three Months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.35 681.18 Td (Nine Months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 666.18 Td (Periods ended March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.00 666.18 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.00 666.18 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.00 666.18 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.00 666.18 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 652.75 Td (\(In thousands except per share data\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.00 638.55 Td (Revenues) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 625.37 Td (Advertising) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 104.50 625.37 Td (..................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 292.00 625.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 307.50 625.37 Td (210,747) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 360.00 625.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 375.50 625.37 Td (222,402) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 434.00 625.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.50 625.37 Td (703,765) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 504.00 625.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.50 625.37 Td (682,643) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 611.37 Td (Circulation) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 101.75 611.37 Td (...................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 313.00 611.37 Td (96,322) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 381.00 611.37 Td (96,619) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.50 611.37 Td (231,795) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.50 611.37 Td (235,145) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 597.37 Td (All other) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 93.50 597.37 Td (......................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 307.50 597.37 Td (118,351) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 375.50 597.37 Td (103,750) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.50 597.37 Td (332,381) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.50 597.37 Td (296,062) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 61.00 583.37 Td (Total revenues) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 126.50 583.37 Td (..........................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 307.50 583.37 Td (425,420) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 375.50 583.37 Td (422,771) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 443.25 583.37 Td (1,267,941) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 513.25 583.37 Td (1,213,850) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.00 569.55 Td (Operating expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 556.37 Td (Production, distribution, and editorial) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 220.00 556.37 Td (........................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 307.50 556.37 Td (149,908) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 375.50 556.37 Td (156,739) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.50 556.37 Td (448,761) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.50 556.37 Td (460,982) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 542.37 Td (Selling, general, and administrative) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 209.00 542.37 Td (............................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 307.50 542.37 Td (192,180) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 375.50 542.37 Td (183,045) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.50 542.37 Td (537,816) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.50 542.37 Td (534,567) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 528.37 Td (Depreciation and amortization) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 187.00 528.37 Td (....................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 313.00 528.37 Td (13,304) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 381.00 528.37 Td (14,613) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 457.00 528.37 Td (40,749) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 527.00 528.37 Td (44,679) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 514.37 Td (Merger termination fee net of merger-related costs) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 275.00 514.37 Td (....) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 332.30 514.37 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 377.35 514.37 Td (\(59,664) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 411.30 514.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 476.30 514.37 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 523.35 514.37 Td (\(43,541) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 514.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 61.00 500.37 Td (Total operating expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 170.50 500.37 Td (..........................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 307.50 500.37 Td (355,392) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 375.50 500.37 Td (294,733) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 443.25 500.37 Td (1,027,326) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.50 500.37 Td (996,687) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.00 486.55 Td (Income from operations) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 165.00 486.37 Td (............................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 313.00 486.37 Td (70,028) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 375.50 486.37 Td (128,038) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.50 486.37 Td (240,615) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.50 486.37 Td (217,163) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 472.37 Td (Interest expense, net) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 143.00 472.37 Td (....................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 314.85 472.37 Td (\(4,581) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 343.30 472.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 382.85 472.37 Td (\(5,104) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 411.30 472.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.35 472.37 Td (\(14,009) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.30 472.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 523.35 472.37 Td (\(15,682) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 472.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 458.37 Td (Earnings before income taxes) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 195.25 458.37 Td (.................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 313.00 458.37 Td (65,447) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 375.50 458.37 Td (122,934) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.50 458.37 Td (226,606) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.50 458.37 Td (201,481) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 443.37 Td (Income taxes) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 112.75 443.37 Td (...............................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 309.35 443.37 Td (\(25,666) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 343.30 443.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 377.35 443.37 Td (\(42,030) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 411.30 443.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.35 443.37 Td (\(81,047) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.30 443.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 523.35 443.37 Td (\(77,029) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 443.37 Td (\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.00 429.55 Td (Net earnings) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 112.75 429.37 Td (...............................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 292.00 429.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 313.00 429.37 Td (39,781) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 360.00 429.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 381.00 429.37 Td (80,904) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 434.00 429.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.50 429.37 Td (145,559) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 504.00 429.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.50 429.37 Td (124,452) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.00 401.55 Td (Basic earnings per share) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 167.75 401.37 Td (...........................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 292.00 401.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 324.05 401.37 Td (0.89) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 360.00 401.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 392.05 401.37 Td (1.81) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 434.00 401.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 468.05 401.37 Td (3.26) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 504.00 401.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 538.05 401.37 Td (2.79) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 387.37 Td (Basic average shares outstanding) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 198.00 387.37 Td (................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 313.00 387.37 Td (44,684) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 381.00 387.37 Td (44,617) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 457.00 387.37 Td (44,584) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 527.00 387.37 Td (44,623) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.00 359.55 Td (Diluted earnings per share) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 178.75 359.37 Td (.......................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 292.00 359.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 324.05 359.37 Td (0.87) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 360.00 359.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 392.05 359.37 Td (1.79) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 434.00 359.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 468.05 359.37 Td (3.20) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 504.00 359.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 538.05 359.37 Td (2.74) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 345.37 Td (Diluted average shares outstanding) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 209.00 345.37 Td (............................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 313.00 345.37 Td (45,556) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 381.00 345.37 Td (45,298) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 457.00 345.37 Td (45,424) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 527.00 345.37 Td (45,344) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 317.37 Td (Dividends paid per share) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 162.25 317.37 Td (.............................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 292.00 317.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 318.50 317.37 Td (0.520) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 360.00 317.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 386.50 317.37 Td (0.495) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 434.00 317.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 462.55 317.37 Td (1.510) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 504.00 317.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 532.55 317.37 Td (1.410) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 290.00 Td (See accompanying Notes to Condensed Consolidated Financial Statements.) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 741.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 69.95 741.60 Td (edith Corporation and Subsidiaries) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 728.40 Td (Condensed Consolidated Statements of Compr) Tj ET Q q 0 0 0 rg BT 269.20 728.40 Td (ehensive Income) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 715.20 Td (\(Unaudited\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 647.70 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 647.70 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 647.70 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 647.70 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 647.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 647.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 647.70 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 647.70 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 647.70 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 617.70 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 617.70 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 617.70 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 617.70 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 617.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 617.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 617.70 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 617.70 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 617.70 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 587.70 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 587.70 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 587.70 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 587.70 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 587.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 587.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 587.70 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 587.70 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 587.70 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 692.7 m 327.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 692.7 m 376.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 677.7 m 376.5 677.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 692.7 m 385.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 677.7 m 385.5 677.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 692.7 m 434.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 677.7 m 434.5 677.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 692.7 m 442.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 692.7 m 442.5 677.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 692.7 m 450.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 692.7 m 500.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 677.7 m 500.5 677.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 692.7 m 509.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 677.7 m 509.5 677.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 692.7 m 559.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 677.7 m 559.5 677.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 662.7 m 327.5 662.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 677.7 m 376.5 677.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 662.7 m 376.5 662.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 677.7 m 385.5 677.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 662.7 m 385.5 662.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 677.7 m 434.5 677.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 662.7 m 434.5 662.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 662.7 m 442.5 662.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 677.7 m 442.5 662.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 662.7 m 450.5 662.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 677.7 m 500.5 677.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 662.7 m 500.5 662.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 677.7 m 509.5 677.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 662.7 m 509.5 662.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 677.7 m 559.5 677.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 662.7 m 559.5 662.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 662.7 m 442.5 647.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 632.7 m 327.5 632.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 632.7 m 376.5 632.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 632.7 m 385.5 632.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 632.7 m 434.5 632.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 632.7 m 442.5 632.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 647.7 m 442.5 632.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 632.7 m 450.5 632.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 632.7 m 500.5 632.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 632.7 m 509.5 632.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 632.7 m 559.5 632.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 632.7 m 442.5 617.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 617.7 m 442.5 602.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 587.7 m 327.5 587.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 587.7 m 376.5 587.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 587.7 m 385.5 587.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 587.7 m 434.5 587.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 587.7 m 442.5 587.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 602.7 m 442.5 587.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 587.7 m 450.5 587.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 587.7 m 500.5 587.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 587.7 m 509.5 587.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 587.7 m 559.5 587.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 587.7 m 327.5 587.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 572.7 m 327.5 572.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 587.7 m 376.5 587.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 572.7 m 376.5 572.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 587.7 m 385.5 587.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 572.7 m 385.5 572.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 587.7 m 434.5 587.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 572.7 m 434.5 572.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 587.7 m 442.5 587.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 572.7 m 442.5 572.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 587.7 m 442.5 572.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 587.7 m 450.5 587.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 572.7 m 450.5 572.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 587.7 m 500.5 587.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 572.7 m 500.5 572.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 587.7 m 509.5 587.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 572.7 m 509.5 572.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 587.7 m 559.5 587.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 572.7 m 559.5 572.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 557.7 m 327.5 557.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 557.7 m 376.5 557.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 557.7 m 385.5 557.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 557.7 m 434.5 557.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 557.7 m 442.5 557.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 572.7 m 442.5 557.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 557.7 m 450.5 557.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 557.7 m 500.5 557.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 557.7 m 509.5 557.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 557.7 m 559.5 557.7 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.15 682.38 Td (Three Months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.85 682.38 Td (Nine Months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 667.38 Td (Periods ended March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.50 667.38 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.50 667.38 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.00 667.38 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.00 667.38 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 54.00 652.15 Td (\(In thousands\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 54.00 637.57 Td (Net earnings) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 112.25 637.57 Td (.............................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 330.00 637.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 342.00 637.57 Td (39,781) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 388.00 637.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 400.00 637.57 Td (80,904) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.00 637.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 460.50 637.57 Td (145,559) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 512.00 637.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 519.50 637.57 Td (124,452) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 54.00 622.60 Td (Other comprehensive income \(loss\), net of income taxes) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 54.00 607.57 Td (Pension and other postretirement benefit plans activity) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 296.50 607.57 Td (..........) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 355.75 607.57 Td (537) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 421.10 607.57 Td (\(2) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 430.30 607.57 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 471.50 607.57 Td (1,612) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 546.10 607.57 Td (\(5) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 555.30 607.57 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 54.00 592.57 Td (Unrealized gain \(loss\) on interest rate swaps) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 249.75 592.57 Td (...........................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 355.75 592.57 Td (506) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 401.85 592.57 Td (\(2,551) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 430.30 592.57 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 471.50 592.57 Td (4,328) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 526.85 592.57 Td (\(2,597) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 555.30 592.57 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 66.00 577.57 Td (Other comprehensive income \(loss\), net of income taxes) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 315.75 577.57 Td (...) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 347.50 577.57 Td (1,043) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 401.85 577.57 Td (\(2,553) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 430.30 577.57 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 471.50 577.57 Td (5,940) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 526.85 577.57 Td (\(2,602) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 555.30 577.57 Td (\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 54.00 562.60 Td (Comprehensive income) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 164.50 562.57 Td (..........................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 330.00 562.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 342.00 562.57 Td (40,824) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 388.00 562.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 400.00 562.57 Td (78,351) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.00 562.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 460.50 562.57 Td (151,499) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 512.00 562.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 519.50 562.57 Td (121,850) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 534.20 Td (See accompanying Notes to Condensed Consolidated Financial Statements.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 741.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 69.95 741.60 Td (edith Corporation and Subsidiaries) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 728.40 Td (Condensed Consolidated Statement of Shar) Tj ET Q q 0 0 0 rg BT 253.93 728.40 Td (eholders' Equity) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 715.20 Td (\(Unaudited\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 654.50 191.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 654.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 654.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 654.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 654.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 654.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 654.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 654.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 654.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 654.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 654.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 654.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 654.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 624.50 191.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 624.50 6.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 624.50 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 624.50 6.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 624.50 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 624.50 6.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 624.50 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 624.50 6.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 624.50 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 624.50 11.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 624.50 49.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 624.50 6.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 624.50 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 574.50 191.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 574.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 574.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 574.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 574.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 574.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 574.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 574.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 574.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 574.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 574.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 574.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 574.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 544.50 191.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 544.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 544.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 544.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 544.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 544.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 544.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 544.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 544.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 544.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 544.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 544.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 544.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 514.50 191.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 514.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 514.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 514.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 514.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 514.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 514.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 514.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 514.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 514.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 514.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 514.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 514.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 484.50 191.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 484.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 484.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 484.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 484.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 484.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 484.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 484.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 484.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 484.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 484.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 484.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 484.50 48.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 691.5 m 240.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 654.5 m 240.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 691.5 m 246.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 654.5 m 246.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 691.5 m 291.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 654.5 m 291.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 691.5 m 297.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 654.5 m 297.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 691.5 m 342.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 654.5 m 342.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 691.5 m 348.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 654.5 m 348.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 691.5 m 393.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 654.5 m 393.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 691.5 m 399.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 654.5 m 399.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 691.5 m 447.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 654.5 m 447.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 691.5 m 458.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 654.5 m 458.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 691.5 m 507.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 654.5 m 507.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 691.5 m 513.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 654.5 m 513.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 691.5 m 561.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 654.5 m 561.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 654.5 m 240.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 654.5 m 291.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 654.5 m 297.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 654.5 m 342.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 654.5 m 348.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 654.5 m 393.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 654.5 m 447.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 654.5 m 507.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 654.5 m 561.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 469.5 m 240.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 469.5 m 246.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 469.5 m 291.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 469.5 m 297.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 469.5 m 342.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 469.5 m 348.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 469.5 m 393.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 469.5 m 399.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 469.5 m 447.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 469.5 m 458.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 469.5 m 507.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 469.5 m 513.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 469.5 m 561.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 469.5 m 240.5 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 454.5 m 240.5 454.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 454.5 m 246.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 469.5 m 291.5 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 454.5 m 291.5 454.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 454.5 m 297.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 469.5 m 342.5 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 454.5 m 342.5 454.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 454.5 m 348.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 469.5 m 393.5 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 454.5 m 393.5 454.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 454.5 m 399.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 469.5 m 447.5 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 454.5 m 447.5 454.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 454.5 m 458.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 469.5 m 507.5 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 454.5 m 507.5 454.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 454.5 m 513.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 469.5 m 561.5 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 454.5 m 561.5 454.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 658.75 Td (\(In thousands except per share data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 249.70 674.73 Td (Common) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.60 666.73 Td (Stock - $1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 249.45 658.73 Td (par value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.70 674.73 Td (Class B) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.60 666.73 Td (Stock - $1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.45 658.73 Td (par value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.25 674.73 Td (Additional) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.05 666.73 Td (Paid-in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.80 658.73 Td (Capital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.65 666.73 Td (Retained) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.40 658.73 Td (Earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.30 682.73 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.85 674.73 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.40 666.73 Td (Comprehensive) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.20 658.73 Td (Loss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 658.73 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 644.18 Td (Balance at June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.50 644.07 Td (...............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 644.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.10 644.17 Td (39,272) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 644.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.15 644.17 Td (5,284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.00 644.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.10 644.17 Td (54,282) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.00 644.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 644.17 Td (818,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.00 644.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 644.22 Td (\(28,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 644.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.00 644.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.10 644.17 Td (889,043) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 630.07 Td (Net earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.50 630.07 Td (.....................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.65 629.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 629.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 629.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 629.17 Td (145,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 629.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.10 629.17 Td (145,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 614.17 Td (Other comprehensive income, net of income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 604.17 Td (taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 604.07 Td (.................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.65 604.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 604.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 604.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 604.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 604.17 Td (5,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 604.17 Td (5,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 589.17 Td (Shares issued under incentive plans, net of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 579.17 Td (forfeitures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 579.07 Td (.........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.65 579.17 Td (932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 579.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.10 579.17 Td (36,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 579.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 579.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 579.17 Td (37,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 564.17 Td (Purchases of Company stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.50 564.07 Td (...........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.30 564.17 Td (\(898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 564.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 564.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.80 564.22 Td (\(50,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 564.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 564.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 564.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 564.22 Td (\(51,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 564.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 549.17 Td (Share-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.50 549.07 Td (...............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.65 549.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 549.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.10 549.17 Td (10,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 549.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 549.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 549.17 Td (10,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 534.17 Td (Conversion of Class B to common stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 534.07 Td (.........) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.65 534.17 Td (133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.30 534.22 Td (\(133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.65 534.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 534.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 534.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 534.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 534.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 520.07 Td (Dividends paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 504.17 Td (Common stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.00 504.07 Td (..........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.65 504.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 504.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 504.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.80 504.22 Td (\(60,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 504.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 504.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 504.22 Td (\(60,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 504.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 489.17 Td (Class B stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.00 489.07 Td (............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.65 489.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 489.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 489.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.80 489.22 Td (\(7,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 489.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 489.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 489.22 Td (\(7,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 489.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 474.17 Td (Tax benefit from share-based awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.00 474.07 Td (..............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.65 474.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 474.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 474.17 Td (2,976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 474.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 474.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 474.17 Td (2,976) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 459.18 Td (Balance at March31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.00 459.07 Td (............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 459.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.10 459.17 Td (39,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 459.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.15 459.17 Td (5,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.00 459.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.10 459.17 Td (54,790) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.00 459.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 459.17 Td (895,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.00 459.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 459.22 Td (\(22,561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 459.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.00 459.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.10 459.17 Td (972,698) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 431.00 Td (See accompanying Notes to Condensed Consolidated Financial Statements.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 741.60 Td (Mer) Tj ET Q q 0 0 0 rg BT 69.95 741.60 Td (edith Corporation and Subsidiaries) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 728.40 Td (Condensed Consolidated Statements of Cash Flows) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 715.20 Td (\(Unaudited\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 648.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 648.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 648.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 648.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 618.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 618.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 618.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 618.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 588.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 588.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 588.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 588.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 558.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 558.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 558.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 558.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 528.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 528.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 528.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 528.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 498.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 498.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 498.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 498.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 468.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 468.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 468.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 468.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 438.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 438.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 438.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 438.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 408.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 408.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 408.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 408.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 378.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 378.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 378.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 378.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 348.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 348.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 348.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 348.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 318.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 318.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 318.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 318.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 288.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 288.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 288.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 288.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 258.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 258.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 258.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 258.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 228.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 228.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 228.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 228.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 198.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 198.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 198.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 198.50 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 691.5 m 431.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 677.5 m 431.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 691.5 m 491.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 677.5 m 491.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 691.5 m 501.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 677.5 m 501.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 691.5 m 561.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 677.5 m 561.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 468.5 m 431.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 468.5 m 491.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 468.5 m 501.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 468.5 m 561.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 453.5 m 431.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 468.5 m 491.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 453.5 m 491.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 453.5 m 501.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 468.5 m 561.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 453.5 m 561.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 393.5 m 491.5 393.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 393.5 m 561.5 393.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 393.5 m 431.5 393.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 378.5 m 431.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 393.5 m 491.5 393.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 378.5 m 491.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 393.5 m 501.5 393.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 378.5 m 501.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 393.5 m 561.5 393.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 378.5 m 561.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 243.5 m 431.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 243.5 m 491.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 243.5 m 501.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 243.5 m 561.5 243.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 228.5 m 431.5 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 228.5 m 491.5 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 228.5 m 501.5 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 228.5 m 561.5 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 228.5 m 561.5 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 198.5 m 431.5 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 198.5 m 491.5 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 198.5 m 501.5 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 198.5 m 561.5 198.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 183.5 m 431.5 183.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 183.5 m 491.5 183.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 183.5 m 501.5 183.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 198.5 m 561.5 198.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 183.5 m 561.5 183.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 682.18 Td (Nine months ended March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.00 682.18 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.00 682.18 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 667.95 Td (\(In thousands\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.00 653.40 Td (Cash flows from operating activities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 638.37 Td (Net earnings) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 109.00 638.37 Td (....................................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 434.00 638.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.50 638.37 Td (145,559) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 504.00 638.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.50 638.37 Td (124,452) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 623.37 Td (Adjustments to reconcile net earnings to net cash provided by operating activities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 608.37 Td (Depreciation) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.75 608.37 Td (...............................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 457.00 608.37 Td (26,359) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 527.00 608.37 Td (29,986) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 593.37 Td (Amortization) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.75 593.37 Td (...............................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 457.00 593.37 Td (14,390) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 527.00 593.37 Td (14,693) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 578.37 Td (Share-based compensation) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 183.25 578.37 Td (.........................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 457.00 578.37 Td (10,769) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 527.00 578.37 Td (10,803) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 563.37 Td (Deferred income taxes) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 164.00 563.37 Td (................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 457.00 563.37 Td (32,494) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 527.00 563.37 Td (23,228) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 548.37 Td (Amortization of broadcast rights) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 208.00 548.37 Td (................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 457.00 548.37 Td (12,758) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 527.00 548.37 Td (12,596) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 533.37 Td (Payments for broadcast rights) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 197.00 533.37 Td (....................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.35 533.37 Td (\(12,630) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.30 533.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 523.35 533.37 Td (\(12,593) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 533.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 518.37 Td (Provision for write-down of impaired assets) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 257.50 518.37 Td (..............................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 462.55 518.37 Td (1,838) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 540.80 518.37 Td (535) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 503.37 Td (Fair value adjustments to contingent consideration) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 287.75 503.37 Td (...................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.35 503.37 Td (\(18,447) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.30 503.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 528.85 503.37 Td (\(1,505) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 503.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 488.37 Td (Excess tax benefits from share-based payments) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 274.00 488.37 Td (........................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 458.85 488.37 Td (\(6,755) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.30 488.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 528.85 488.37 Td (\(2,303) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 488.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 473.37 Td (Changes in assets and liabilities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 205.25 473.37 Td (.................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.35 473.37 Td (\(28,347) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.30 473.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 523.35 473.37 Td (\(26,272) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 473.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 458.37 Td (Net cash provided by operating activities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 232.75 458.37 Td (.......................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.50 458.37 Td (177,988) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.50 458.37 Td (173,620) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.00 443.40 Td (Cash flows from investing activities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 428.37 Td (Acquisitions of and investments in businesses, net of cash acquired) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 362.00 428.37 Td (........................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.35 428.37 Td (\(13,859) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.30 428.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 528.85 428.37 Td (\(8,186) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 428.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 413.37 Td (Additions to property, plant, and equipment) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 257.50 413.37 Td (..............................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.35 413.37 Td (\(16,193) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.30 413.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 523.35 413.37 Td (\(13,385) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 413.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 398.37 Td (Proceeds from disposition of assets) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 221.75 398.37 Td (...........................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 476.30 398.37 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 532.55 398.37 Td (1,767) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 383.37 Td (Net cash used in investing activities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 210.75 383.37 Td (...............................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.35 383.37 Td (\(30,052) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.30 383.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 523.35 383.37 Td (\(19,804) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 383.37 Td (\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.00 368.40 Td (Cash flows from financing activities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 353.37 Td (Proceeds from issuance of long-term debt) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 249.25 353.37 Td (.................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.50 353.37 Td (300,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.50 353.37 Td (167,500) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 338.37 Td (Repayments of long-term debt) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 199.75 338.37 Td (...................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 447.85 338.37 Td (\(361,250) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.30 338.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 517.85 338.37 Td (\(259,375) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 338.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 323.37 Td (Dividends paid) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 131.00 323.37 Td (............................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.35 323.37 Td (\(68,386) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.30 323.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 523.35 323.37 Td (\(63,735) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 323.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 308.37 Td (Purchases of Company stock) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 191.50 308.37 Td (......................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.35 308.37 Td (\(51,128) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.30 308.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 523.35 308.37 Td (\(13,390) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 308.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 293.37 Td (Proceeds from common stock issued) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 227.25 293.37 Td (.........................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 457.00 293.37 Td (37,925) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 532.55 293.37 Td (8,253) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 278.37 Td (Payment of acquisition-related contingent consideration) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 312.50 278.37 Td (..........................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 458.85 278.37 Td (\(8,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.30 278.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.10 278.37 Td (\(800) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 278.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 263.37 Td (Excess tax benefits from share-based payments) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 274.00 263.37 Td (........................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 462.55 263.37 Td (6,755) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 532.55 263.37 Td (2,303) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.00 248.37 Td (Other) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 89.75 248.37 Td (...........................................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 458.85 248.37 Td (\(1,465) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.30 248.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.10 248.37 Td (\(156) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 248.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 233.37 Td (Net cash used in financing activities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 213.50 233.37 Td (..............................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 447.85 233.37 Td (\(145,549) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.30 233.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 517.85 233.37 Td (\(159,400) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 233.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 218.37 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 282.25 218.37 Td (.....................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 462.55 218.37 Td (2,387) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 528.85 218.37 Td (\(5,584) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 218.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 203.37 Td (Cash and cash equivalents at beginning of period) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 268.50 203.37 Td (..........................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 457.00 203.37 Td (24,970) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 527.00 203.37 Td (22,833) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.00 188.40 Td (Cash and cash equivalents at end of period) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 254.75 188.37 Td (...............................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 434.00 188.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 457.00 188.37 Td (27,357) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 504.00 188.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 527.00 188.37 Td (17,249) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 160.00 Td (See accompanying Notes to Condensed Consolidated Financial Statements.) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 53.00 738.55 Td (Meredith Corporation and Subsidiaries) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 53.00 725.55 Td (Notes to Condensed Consolidated Financial Statements) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 53.00 712.55 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 670.40 Td (1. Summary of Significant ) Tj ET Q q 0 0 0 rg BT 177.73 670.40 Td (Accounting Policies) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 644.00 Td (Basis of Pr) Tj ET Q q 0 0 0 rg BT 100.52 644.00 Td (esentation) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 148.18 644.00 Td (The condensed consolidated financial statements include the accounts of Meredith ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 630.80 Td (Corporation and its wholly owned subsidiaries \(Meredith or the Company\), after eliminating all significant ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 617.60 Td (intercompany balances and transactions. Meredith does not have any of) Tj ET Q q 0 0 0 rg BT 364.42 617.60 Td (f-balance sheet arrangements. ) Tj ET Q q 0 0 0 rg BT 497.98 617.60 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 604.40 Td (Company's use of special-purpose entities is limited to Meredith Funding Corporation, whose activities are fully ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 591.25 Td (consolidated in Meredith's condensed consolidated financial statements.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 564.85 Td (The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 551.65 Td (and regulations of the United States Securities and Exchange Commission \(SEC\). ) Tj ET Q q 0 0 0 rg BT 411.72 551.65 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 465.99 551.65 Td (, they do not include ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 538.45 Td (all of the information and notes required by accounting principles generally accepted in the United States of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 525.25 Td (America \(GAAP\) for complete financial statements. ) Tj ET Q q 0 0 0 rg BT 282.25 525.25 Td (These condensed consolidated financial statements should be ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 512.05 Td (read in conjunction with the Company's audited consolidated financial statements, which are included in Meredith's ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 498.85 Td (Annual ) Tj ET Q q 0 0 0 rg BT 85.13 498.85 Td (Report ) Tj ET Q q 0 0 0 rg BT 117.82 498.85 Td (on ) Tj ET Q /GS0 gs q 54.30 0 0 11.00 131.57 496.48 cm /I17 Do Q q 0 0 0 rg BT 185.87 498.85 Td (for ) Tj ET Q q 0 0 0 rg BT 201.44 498.85 Td (the ) Tj ET Q q 0 0 0 rg BT 217.63 498.85 Td (year ) Tj ET Q q 0 0 0 rg BT 239.31 498.85 Td (ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 268.32 498.85 Td (June30, 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 329.74 498.85 Td (, filed with the SEC.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 472.45 Td (The condensed consolidated financial statements as of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 291.61 472.45 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 361.57 472.45 Td (, and for the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 417.47 472.45 Td (three and nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 514.92 472.45 Td ( ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 459.25 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 119.96 459.25 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 141.34 459.25 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 163.34 459.25 Td (, are unaudited but, in management's opinion, include all normal, recurring adjustments ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 446.05 Td (necessary for a fair presentation of the results of interim periods. ) Tj ET Q q 0 0 0 rg BT 336.92 446.05 Td (The year) Tj ET Q q 0 0 0 rg BT 375.48 446.05 Td (-end condensed consolidated balance ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 432.85 Td (sheet data as of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 120.25 432.85 Td (June30, 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 181.66 432.85 Td (, were derived from audited financial statements, but do not include all disclosures ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 419.65 Td (required by GAAP) Tj ET Q q 0 0 0 rg BT 131.88 419.65 Td (. ) Tj ET Q q 0 0 0 rg BT 137.18 419.65 Td (The results of operations for interim periods are not necessarily indicative of the results to be ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 406.45 Td (expected for the entire fiscal year) Tj ET Q q 0 0 0 rg BT 196.28 406.45 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 380.05 Td (Adopted ) Tj ET Q q 0 0 0 rg BT 92.49 380.05 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 160.42 380.05 Td (onouncements) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 227.64 380.05 Td (In ) Tj ET Q q 0 0 0 rg BT 249.95 380.05 Td (April 2015, the Financial ) Tj ET Q q 0 0 0 rg BT 362.68 380.05 Td (Accounting Standards Board \(F) Tj ET Q q 0 0 0 rg BT 501.48 380.05 Td (ASB\) issued ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 366.85 Td (guidance on the presentation of debt issuance costs. ) Tj ET Q q 0 0 0 rg BT 279.82 366.85 Td (The new standard requires that debt issuance costs be recorded ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 353.65 Td (as a reduction from the face amount of the related debt rather than recorded as a deferred asset, with amortization ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 340.45 Td (recorded as interest expense. ) Tj ET Q q 0 0 0 rg BT 178.99 340.45 Td (The Company adopted this guidance in the first quarter of fiscal 2017, and it was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 327.25 Td (retrospectively applied to the prior period, as required. ) Tj ET Q q 0 0 0 rg BT 291.92 327.25 Td (Adoption changed the classification of debt issuance costs ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 314.05 Td (from other assets to current portion of long-term debt or long-term debt based on the classification of the related ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 300.85 Td (debt instrument. ) Tj ET Q q 0 0 0 rg BT 123.63 300.85 Td (As a result, other assets and long-term debt each decreased by ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.14 300.85 Td ($1.5 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 452.92 300.85 Td ( as of June30, 2016, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 287.65 Td (compared to amounts previously reported. ) Tj ET Q q 0 0 0 rg BT 238.18 287.65 Td (Additionally) Tj ET Q q 0 0 0 rg BT 293.07 287.65 Td (, the format of the long-term debt disclosure was updated to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 274.45 Td (include debt issuance costs separately) Tj ET Q q 0 0 0 rg BT 215.45 274.45 Td (. ) Tj ET Q q 0 0 0 rg BT 220.75 274.45 Td (The adoption did not have an impact on our results of operations or cash ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 261.25 Td (flows.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 234.85 Td (In ) Tj ET Q q 0 0 0 rg BT 61.31 234.85 Td (April 2015, the F) Tj ET Q q 0 0 0 rg BT 136.27 234.85 Td (ASB issued guidance on the presentation of cloud computing arrangements that include a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 221.65 Td (software license. ) Tj ET Q q 0 0 0 rg BT 126.46 221.65 Td (The new guidance requires capitalization of the software license fee as internal-use software if ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 208.45 Td (certain criteria are met, otherwise the costs are expensed as incurred. ) Tj ET Q q 0 0 0 rg BT 354.91 208.45 Td (The standard was prospectively adopted by the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 195.25 Td (Company in the first quarter of fiscal 2017. ) Tj ET Q q 0 0 0 rg BT 243.17 195.25 Td (The adoption of the standard had no impact to the Company's ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 182.05 Td (consolidated financial statements.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 155.60 Td (In June 2015, the F) Tj ET Q q 0 0 0 rg BT 133.82 155.60 Td (ASB issued an accounting standards update that included technical corrections to the ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 510.15 155.60 Td (F) Tj ET Q q 0 0 0 rg BT 515.45 155.60 Td (ASB ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 142.40 Td (Accounting Standar) Tj ET Q q 0 0 0 rg BT 137.27 142.40 Td (ds Codification. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 210.31 142.40 Td (These technical corrections are divided into four categories: amendments ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 129.20 Td (related to dif) Tj ET Q q 0 0 0 rg BT 106.00 129.20 Td (ferences between original guidance and the codification, guidance clarification and reference ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 116.00 Td (corrections, minor structural changes to simplify the codification, and minor improvements that are not expected to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 102.80 Td (have a significant impact on current accounting practice. ) Tj ET Q q 0 0 0 rg BT 301.78 102.80 Td (The amendments were ef) Tj ET Q q 0 0 0 rg BT 412.44 102.80 Td (fective for the Company in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 89.60 Td (first quarter of fiscal 2017. ) Tj ET Q q 0 0 0 rg BT 170.15 89.60 Td (The adoption of the amendments had no impact to the Company's consolidated financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 76.40 Td (statements.) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 741.60 Td (Pending ) Tj ET Q q 0 0 0 rg BT 90.65 741.60 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 158.59 741.60 Td (onouncements) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 225.81 741.60 Td (In ) Tj ET Q q 0 0 0 rg BT 248.12 741.60 Td (August 2016, the F) Tj ET Q q 0 0 0 rg BT 331.64 741.60 Td (ASB issued an accounting standards update ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.40 Td (clarifying the classification of certain cash receipts and payments in the statement of cash flows. ) Tj ET Q q 0 0 0 rg BT 476.21 728.40 Td (The update is ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.20 Td (intended to reduce the diversity in practice around how certain transactions are classified within the statement of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 702.00 Td (cash flows. Retrospective adoption is required in our first quarter of fiscal 2019 with early adoption permitted, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.80 Td (including adoption in an interim period. ) Tj ET Q q 0 0 0 rg BT 227.91 688.80 Td (The Company is currently evaluating the impact this update will have on its ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 675.60 Td (consolidated financial statements and the timing of adoption.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 649.20 Td (In January 2017, the F) Tj ET Q q 0 0 0 rg BT 147.86 649.20 Td (ASB issued an accounting standards update that clarifies the definition of a business and adds ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 636.00 Td (guidance to assist entities in the determination of whether an acquisition \(or disposal\) represents assets or a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 622.80 Td (business. ) Tj ET Q q 0 0 0 rg BT 92.58 622.80 Td (The update provides a test to determine whether or not an acquisition is a business.If substantially all of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 609.60 Td (the fair value of the assets acquired is concentrated into a single asset or a group of similar identifiable assets, the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 596.40 Td (acquired assets do not represent a business. If this test is not met, the update provides further guidance to evaluate if ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 583.20 Td (the acquisition represents a business. Prospective adoption is required in the first quarter of fiscal 2019. Early ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 570.00 Td (adoption is permitted if certain transaction criteria are met. ) Tj ET Q q 0 0 0 rg BT 311.25 570.00 Td (The Company is currently evaluating the impact this ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 556.80 Td (update will have on its consolidated financial statements and the timing of adoption.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 530.40 Td (In January 2017, the F) Tj ET Q q 0 0 0 rg BT 147.86 530.40 Td (ASB issued an accounting standards update in response to SEC staf) Tj ET Q q 0 0 0 rg BT 445.23 530.40 Td (f announcements relating ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 517.20 Td (to the disclosures on the pending revenue recognition, lease, and credit loss standards. ) Tj ET Q q 0 0 0 rg BT 431.03 517.20 Td (The update requires ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 504.00 Td (additional qualitative disclosure about the potential material impact these standards will have on the consolidated ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 490.80 Td (financial statements. Other than enhancements to the qualitative disclosures regarding future adoption of new ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 477.60 Td (accounting standard updates, adoption of the provisions of this standard is not expected to have any impact on the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 464.40 Td (Company) Tj ET Q q 0 0 0 rg BT 95.83 464.40 Td (s consolidated financial statements.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 438.00 Td (In January 2017, the F) Tj ET Q q 0 0 0 rg BT 147.86 438.00 Td (ASB issued an accounting standards update that simplifies the subsequent measurement of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 424.80 Td (goodwill by eliminating Step2 of the goodwill impairment test. ) Tj ET Q q 0 0 0 rg BT 333.02 424.80 Td (The Step2 test requires an entity to calculate the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 411.60 Td (implied fair value of goodwill to measure a goodwill impairment char) Tj ET Q q 0 0 0 rg BT 357.10 411.60 Td (ge. Instead, an entity will record an ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 398.40 Td (impairment char) Tj ET Q q 0 0 0 rg BT 122.19 398.40 Td (ge based on the excess of a reporting unit) Tj ET Q q 0 0 0 rg BT 307.30 398.40 Td (s carrying value over its fair value determined in Step1. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 385.20 Td (This update also eliminated the qualitative assessment requirements for a reporting unit with zero or negative ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 372.00 Td (carrying value. Prospective adoption is required in the first quarter of fiscal 2021, with early adoption permitted. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 358.80 Td (The Company is currently evaluating the impact this update will have on its consolidated financial statements and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 345.60 Td (the timing of adoption.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 319.20 Td (In March 2017, the F) Tj ET Q q 0 0 0 rg BT 142.36 319.20 Td (ASB issued an accounting standards update on the presentation of net periodic pension and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 306.00 Td (postretirement benefit costs. ) Tj ET Q q 0 0 0 rg BT 176.88 306.00 Td (This guidance revises how employers that sponsor defined benefit pension and other ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 292.80 Td (postretirement plans present the net periodic benefit costs in their income statement and requires that the service ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 279.60 Td (cost component of net periodic benefit costs be presented in the same line items as other employee compensation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 266.40 Td (costs for the related employees. Of the components of net periodic benefit costs, only the service cost component ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 253.20 Td (will be eligible for asset capitalization. ) Tj ET Q q 0 0 0 rg BT 222.99 253.20 Td (The other components of net periodic benefit costs must be presented ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 240.00 Td (separately from the line items that include the service cost and outside of the income from operations subtotal. ) Tj ET Q q 0 0 0 rg BT 537.63 240.00 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 226.80 Td (update is ef) Tj ET Q q 0 0 0 rg BT 100.50 226.80 Td (fective for the first quarter of fiscal 2019, with early adoption permitted. ) Tj ET Q q 0 0 0 rg BT 421.03 226.80 Td (The adoption is expected to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 213.60 Td (require reclassification of expenses in the consolidated statements of earnings; however) Tj ET Q q 0 0 0 rg BT 435.04 213.60 Td (, it is not expected to have ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 200.40 Td (an impact on the Company's operating results or cash flows.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 160.80 Td (2. ) Tj ET Q q 0 0 0 rg BT 63.14 160.80 Td (Acquisitions) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 134.40 Td (On December7, 2016, Meredith acquired the assets of a digital lead-generation company in the home services ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 121.20 Td (market. ) Tj ET Q q 0 0 0 rg BT 85.84 121.20 Td (The acquisition-date fair value of the consideration was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 333.25 121.20 Td ($21.1 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 392.53 121.20 Td (, which consisted of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 483.26 121.20 Td ($13.4 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 542.55 121.20 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 108.00 Td (cash and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.93 108.00 Td ($7.7 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.71 108.00 Td ( of contingent consideration. ) Tj ET Q q 0 0 0 rg BT 273.12 108.00 Td (The contingent consideration arrangement requires the Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 94.80 Td (to pay contingent payments based on the achievement of certain tar) Tj ET Q q 0 0 0 rg BT 346.08 94.80 Td (gets in fiscal 2017 and on financial performance ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 81.60 Td (during fiscal 2017 through fiscal 2021 measured in terms of earnings before interest, taxes, depreciation, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 68.40 Td (amortization \(EBITDA\) as defined in the acquisition agreement. ) Tj ET Q q 0 0 0 rg BT 336.01 68.40 Td (The contingent consideration is not dependent on ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 55.20 Td (the continued employment of the sellers. ) Tj ET Q q 0 0 0 rg BT 231.56 55.20 Td (W) Tj ET Q q 0 0 0 rg BT 241.06 55.20 Td (e estimated the fair value of the contingent consideration using a ) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 741.40 Td (probability-weighted discounted cash flow model. ) Tj ET Q q 0 0 0 rg BT 273.42 741.40 Td (The fair value is based on significant inputs not observable in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.20 Td (market and thus represents a Level3 measurement as defined in Note10. During the third quarter of 2017, the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.00 Td (Company paid ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 117.21 715.00 Td ($2.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 170.99 715.00 Td ( in contingent consideration. ) Tj ET Q q 0 0 0 rg BT 298.39 715.00 Td (As of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 325.27 715.00 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 395.23 715.00 Td (, the Company estimates the future ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 701.80 Td (payments will range from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 166.08 701.80 Td ($5.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 219.86 701.80 Td ( to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 233.92 701.80 Td ($7.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 287.70 701.80 Td (. ) Tj ET Q q 0 0 0 rg BT 292.59 701.80 Td (As a result of this acquisition, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 426.71 701.80 Td ($21.1 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 485.99 701.80 Td ( of goodwill and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.60 Td (other intangible assets were recorded in the Condensed Consolidated Balance Sheet.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 662.20 Td (In fiscal 2015, the Company acquired a business for a purchase price which included contingent consideration ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 649.00 Td (based on the fiscal 2018 results of the business. ) Tj ET Q q 0 0 0 rg BT 261.21 649.00 Td (The fair value of the contingent consideration was originally ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 635.80 Td (estimated based on the projected results for fiscal 2018 in financial models developed for the business at the time of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 622.60 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 103.57 622.60 Td (These models are reviewed and updated on a quarterly basis. During the second quarter of fiscal 2017, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 609.40 Td (a comprehensive review of the acquired business) Tj ET Q q 0 0 0 rg BT 268.70 609.40 Td (s operations was completed. ) Tj ET Q q 0 0 0 rg BT 394.87 609.40 Td (As a result of the business having ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 596.20 Td (failed to achieve certain key milestones, the Company revised its financial models for the acquired business. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 583.00 Td (Projected fiscal 2018 results for the business are now lower than originally estimated. ) Tj ET Q q 0 0 0 rg BT 428.80 583.00 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 483.07 583.00 Td (, in the second ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 569.80 Td (quarter of fiscal 2017, the Company recognized a non-cash credit to operations of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 412.26 569.80 Td ($19.6 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 471.54 569.80 Td ( to reduce the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 556.60 Td (estimated contingent consideration payable on the previously acquired business. ) Tj ET Q q 0 0 0 rg BT 405.37 556.60 Td (This credit was recorded in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 543.40 Td (selling, general, and administrative expense line of the Consolidated Statements of Earnings. ) Tj ET Q q 0 0 0 rg BT 460.26 543.40 Td (As of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.15 543.40 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.11 543.40 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 530.20 Td (the Company estimates the future aggregate payments for this business will range from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.43 530.20 Td ($0) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 447.43 530.20 Td ( to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 461.48 530.20 Td ($10 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 512.52 530.20 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 490.60 Td (3. Inventories) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 464.20 Td (Major components of inventories are summarized below) Tj ET Q q 0 0 0 rg BT 297.94 464.20 Td (. Of total net inventory values shown, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 466.27 464.20 Td (44 percent) Tj ET Q BT /F1 11.00 Tf ET 1 1 1 rg /GS0 gs 512.38 471.83 46.72 -10.00 re f /GS0 gs q 0 0 0 rg BT 512.38 464.20 Td ( are under ) Tj ET Q BT /F1 11.00 Tf ET 1 1 1 rg /GS0 gs 50.00 458.63 165.57 -10.00 re f /GS0 gs q 0 0 0 rg BT 50.00 451.00 Td (the last-in first-out \(LIFO\) method at ) Tj ET Q BT /F1 11.00 Tf ET 1 1 1 rg /GS0 gs 215.57 458.63 69.96 -10.00 re f /GS0 gs q 0 0 0 rg BT 215.57 451.00 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET 1 1 1 rg /GS0 gs 285.53 458.63 24.13 -10.00 re f /GS0 gs q 0 0 0 rg BT 285.53 451.00 Td (, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 309.67 451.00 Td (54 percent) Tj ET Q BT /F1 11.00 Tf ET 1 1 1 rg /GS0 gs 355.78 458.63 13.44 -10.00 re f /GS0 gs q 0 0 0 rg BT 355.78 451.00 Td ( at ) Tj ET Q BT /F1 11.00 Tf ET 1 1 1 rg /GS0 gs 369.22 458.63 61.41 -10.00 re f /GS0 gs q 0 0 0 rg BT 369.22 451.00 Td (June30, 2016) Tj ET Q BT /F1 11.00 Tf ET 1 1 1 rg /GS0 gs 430.63 458.63 2.75 -10.00 re f /GS0 gs q 0 0 0 rg BT 430.63 451.00 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 115.50 405.30 243.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 405.30 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 405.30 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 405.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 405.30 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.50 375.30 243.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 375.30 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 375.30 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 375.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 375.30 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.50 345.30 243.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 345.30 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 345.30 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 345.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 345.30 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115.5 427.3 m 358.5 427.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115.5 405.3 m 358.5 405.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 427.3 m 365.5 427.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 405.3 m 365.5 405.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 427.3 m 425.5 427.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 405.3 m 425.5 405.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 427.3 m 435.5 427.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 405.3 m 435.5 405.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 427.3 m 495.5 427.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 405.3 m 495.5 405.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 405.3 m 365.5 405.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 405.3 m 425.5 405.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 405.3 m 495.5 405.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115.5 360.3 m 358.5 360.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 360.3 m 365.5 360.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 360.3 m 425.5 360.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 360.3 m 435.5 360.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 360.3 m 495.5 360.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115.5 330.3 m 358.5 330.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 330.3 m 365.5 330.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 330.3 m 425.5 330.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 330.3 m 435.5 330.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 330.3 m 495.5 330.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 115.5 315.3 m 358.5 315.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 315.3 m 365.5 315.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 315.3 m 425.5 315.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 315.3 m 435.5 315.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 315.3 m 495.5 315.3 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 118.00 409.75 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.65 418.03 Td (March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 408.03 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.20 418.03 Td (June 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.00 408.03 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 118.00 395.17 Td (Raw materials) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 181.75 395.17 Td (...............................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 368.00 395.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 391.00 395.17 Td (11,802) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 438.00 395.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 461.00 395.17 Td (11,698) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 118.00 380.17 Td (Work in process) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 190.00 380.17 Td (............................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 391.00 380.17 Td (15,486) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 461.00 380.17 Td (10,107) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 118.00 365.17 Td (Finished goods) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 187.25 365.17 Td (.............................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 396.55 365.17 Td (1,375) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 466.55 365.17 Td (1,834) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 391.00 350.17 Td (28,663) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 461.00 350.17 Td (23,639) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 118.00 335.17 Td (Reserve for LIFO cost valuation) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 261.50 335.17 Td (..................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 392.85 335.17 Td (\(2,961) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 421.30 335.17 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 462.85 335.17 Td (\(2,961) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 491.30 335.17 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 118.00 320.17 Td (Inventories) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 168.00 320.17 Td (....................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 368.00 320.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 391.00 320.17 Td (25,702) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 438.00 320.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 461.00 320.17 Td (20,678) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 741.60 Td (4. Intangible ) Tj ET Q q 0 0 0 rg BT 114.18 741.60 Td (Assets and Goodwill) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.20 Td (Intangible assets consist of the following:) Tj ET Q 1 1 1 rg /GS0 gs 197.50 704.70 178.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 617.70 148.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.50 617.70 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 617.70 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 617.70 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 617.70 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 617.70 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 617.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 617.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 617.70 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 617.70 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 617.70 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 617.70 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 617.70 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 589.70 148.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.50 589.70 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 589.70 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 589.70 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 589.70 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 589.70 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 589.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 589.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 589.70 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 589.70 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 589.70 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 589.70 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 589.70 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 561.70 148.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.50 561.70 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 561.70 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 561.70 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 561.70 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 561.70 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 561.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 561.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 561.70 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 561.70 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 561.70 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 561.70 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 561.70 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 533.70 148.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.50 533.70 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 533.70 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 533.70 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 533.70 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 533.70 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 533.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 533.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 533.70 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 533.70 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 533.70 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 533.70 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 533.70 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 505.70 148.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.50 505.70 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 505.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 505.70 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 505.70 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 505.70 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 505.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 505.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 505.70 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 505.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 505.70 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 505.70 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 505.70 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 490.70 148.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.50 490.70 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 490.70 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 490.70 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 490.70 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 490.70 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 490.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 490.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 490.70 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 490.70 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 490.70 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 490.70 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 490.70 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 462.70 148.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.50 462.70 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 462.70 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 462.70 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 462.70 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 462.70 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 462.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 462.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 462.70 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 462.70 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 462.70 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 462.70 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 462.70 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 434.70 148.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.50 434.70 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 434.70 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 434.70 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 434.70 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 434.70 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 434.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 434.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 434.70 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 434.70 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 434.70 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 434.70 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 434.70 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 406.70 148.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.50 406.70 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 406.70 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 406.70 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 406.70 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 406.70 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 406.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 406.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 406.70 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 406.70 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 406.70 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 406.70 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 406.70 51.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 704.7 m 197.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 692.7 m 197.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 704.7 m 247.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 692.7 m 247.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 704.7 m 255.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 692.7 m 255.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 704.7 m 317.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 692.7 m 317.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 704.7 m 324.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 692.7 m 324.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 704.7 m 375.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 692.7 m 375.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 704.7 m 379.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 704.7 m 379.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 692.7 m 379.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 704.7 m 383.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 692.7 m 383.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 704.7 m 433.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 692.7 m 433.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 704.7 m 441.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 692.7 m 441.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 704.7 m 503.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 692.7 m 503.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 704.7 m 510.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 692.7 m 510.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 704.7 m 561.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 692.7 m 561.5 692.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 660.7 m 197.5 660.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 660.7 m 247.5 660.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 660.7 m 255.5 660.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 660.7 m 317.5 660.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 660.7 m 324.5 660.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 660.7 m 375.5 660.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 692.7 m 379.5 660.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 660.7 m 379.5 660.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 660.7 m 383.5 660.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 660.7 m 433.5 660.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 660.7 m 441.5 660.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 660.7 m 503.5 660.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 660.7 m 510.5 660.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 660.7 m 561.5 660.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 660.7 m 379.5 646.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 646.7 m 379.5 631.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 631.7 m 379.5 617.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 617.7 m 379.5 603.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 603.7 m 379.5 589.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 589.7 m 379.5 575.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 575.7 m 379.5 561.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 561.7 m 379.5 547.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 547.7 m 379.5 533.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 519.7 m 197.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 519.7 m 247.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 519.7 m 255.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 519.7 m 317.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 519.7 m 324.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 519.7 m 375.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 533.7 m 379.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 519.7 m 379.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 519.7 m 383.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 519.7 m 433.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 519.7 m 441.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 519.7 m 503.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 519.7 m 510.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 519.7 m 561.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 505.7 m 197.5 505.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 505.7 m 247.5 505.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 505.7 m 255.5 505.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 505.7 m 317.5 505.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 505.7 m 324.5 505.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 519.7 m 375.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 505.7 m 375.5 505.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 519.7 m 379.5 505.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 519.7 m 379.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 505.7 m 379.5 505.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 519.7 m 383.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 505.7 m 383.5 505.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 519.7 m 433.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 505.7 m 433.5 505.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 519.7 m 441.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 505.7 m 441.5 505.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 519.7 m 503.5 519.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 505.7 m 503.5 505.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 505.7 m 510.5 505.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 505.7 m 561.5 505.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 505.7 m 379.5 490.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 490.7 m 379.5 476.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 476.7 m 379.5 462.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 462.7 m 379.5 448.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 448.7 m 379.5 434.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 434.7 m 379.5 420.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 406.7 m 197.5 406.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 406.7 m 247.5 406.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 406.7 m 255.5 406.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 406.7 m 317.5 406.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 406.7 m 324.5 406.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 420.7 m 379.5 406.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 406.7 m 441.5 406.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 406.7 m 503.5 406.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 406.7 m 510.5 406.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 406.7 m 561.5 406.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 392.7 m 197.5 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 392.7 m 247.5 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 392.7 m 255.5 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 392.7 m 317.5 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 392.7 m 324.5 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 406.7 m 375.5 406.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 392.7 m 375.5 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 406.7 m 379.5 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 406.7 m 379.5 406.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 392.7 m 379.5 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 406.7 m 383.5 406.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 392.7 m 383.5 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 406.7 m 433.5 406.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 392.7 m 433.5 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 392.7 m 441.5 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 392.7 m 503.5 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 392.7 m 510.5 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 392.7 m 561.5 392.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 378.7 m 197.5 378.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 378.7 m 247.5 378.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 378.7 m 255.5 378.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 378.7 m 317.5 378.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 378.7 m 324.5 378.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 392.7 m 375.5 392.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 378.7 m 375.5 378.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 392.7 m 379.5 378.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 378.7 m 379.5 378.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 378.7 m 383.5 378.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 378.7 m 433.5 378.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 378.7 m 441.5 378.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 378.7 m 503.5 378.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 378.7 m 510.5 378.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 392.7 m 561.5 392.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 378.7 m 561.5 378.7 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 256.20 696.10 Td (March31, 2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.85 696.10 Td (June 30, 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 664.95 Td (\(In thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.80 674.15 Td (Gross) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 206.20 665.15 Td (Amount) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.50 674.15 Td (Accumulated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.25 665.15 Td (Amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 342.75 674.15 Td (Net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.70 665.15 Td (Amount) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.80 674.15 Td (Gross) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 392.20 665.15 Td (Amount) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.50 674.15 Td (Accumulated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.25 665.15 Td (Amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 528.75 674.15 Td (Net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.70 665.15 Td (Amount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 651.38 Td (Intangible assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 636.38 Td (subject to amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 622.27 Td (National media) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 608.27 Td (Advertiser relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.00 608.27 Td (..............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.00 608.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.15 608.27 Td (23,010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 608.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.80 608.32 Td (\(14,572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 608.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 608.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 608.27 Td (8,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 608.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 608.27 Td (18,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 608.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 608.32 Td (\(10,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 608.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.00 608.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 608.27 Td (7,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 594.27 Td (Customer lists) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.00 594.27 Td (..............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.15 594.27 Td (3,080) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.80 594.32 Td (\(3,080) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 594.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 594.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 594.27 Td (5,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 594.32 Td (\(4,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 594.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 594.27 Td (920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 580.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 580.27 Td (............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.15 580.27 Td (22,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.80 580.32 Td (\(9,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 580.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 580.27 Td (13,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 580.27 Td (19,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 580.32 Td (\(8,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 580.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 580.27 Td (10,740) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 566.27 Td (Local media) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 552.27 Td (Network affiliation agreements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.50 552.27 Td (...) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.10 552.27 Td (229,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.80 552.32 Td (\(140,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 552.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 552.27 Td (88,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.10 552.27 Td (229,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 552.32 Td (\(135,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 552.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 552.27 Td (93,520) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 538.27 Td (Retransmission agreements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.50 538.27 Td (.........) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.15 538.27 Td (21,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.80 538.32 Td (\(9,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 538.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 538.27 Td (11,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 538.27 Td (21,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 538.32 Td (\(6,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 538.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 538.27 Td (14,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 524.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.00 524.27 Td (............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.15 524.27 Td (1,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.30 524.32 Td (\(381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 524.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 524.27 Td (642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 524.27 Td (1,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 524.32 Td (\(419) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 524.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 524.27 Td (795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 510.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 510.27 Td (................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.00 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.10 510.27 Td (299,976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.80 510.32 Td (\(177,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 510.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.10 510.27 Td (122,561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.10 510.27 Td (295,017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 510.32 Td (\(166,866) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 510.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.10 510.27 Td (128,151) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 495.38 Td (Intangible assets not) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 481.38 Td (subject to amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 467.27 Td (National media) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 453.27 Td (Internet domain names) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.00 453.27 Td (................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 453.27 Td (7,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 453.27 Td (7,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 439.27 Td (Trademarks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 439.27 Td (..................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.10 439.27 Td (153,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.10 439.27 Td (153,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 425.27 Td (Local media) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 411.27 Td (FCC licenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.50 411.27 Td (...............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.10 411.27 Td (624,684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.10 411.27 Td (624,684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 397.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 397.27 Td (................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.10 397.27 Td (785,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.10 397.27 Td (785,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 383.27 Td (Intangible assets, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.50 383.27 Td (.......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 383.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.10 383.27 Td (908,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.00 383.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.10 383.27 Td (913,877) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 352.80 Td (Amortization expense was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 169.44 352.80 Td ($14.4 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 228.72 352.80 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 250.10 352.80 Td ($14.7 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 309.38 352.80 Td ( for the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 343.90 352.80 Td (nine months ended) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 426.99 352.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 429.74 352.80 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 499.70 352.80 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.08 352.80 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 543.08 352.80 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 339.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 102.43 339.60 Td (. ) Tj ET Q q 0 0 0 rg BT 107.32 339.60 Td (Annual amortization expense for intangible assets is expected to be as follows: ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 459.53 339.60 Td ($19.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 518.81 339.60 Td ( in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 532.87 339.60 Td (fiscal ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 326.40 Td (2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 326.40 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 77.50 326.40 Td ($16.8 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 136.78 326.40 Td ( in fiscal ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 177.41 326.40 Td (2018) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 199.41 326.40 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 204.91 326.40 Td ($14.3 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 264.19 326.40 Td ( in fiscal ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.82 326.40 Td (2019) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 326.82 326.40 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 332.32 326.40 Td ($13.4 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 391.60 326.40 Td ( in fiscal ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 432.22 326.40 Td (2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 454.22 326.40 Td (, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 478.36 326.40 Td ($8.6 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 532.14 326.40 Td ( in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 313.20 Td (fiscal ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.57 313.20 Td (2021) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 98.57 313.20 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 286.80 Td (Changes in the carrying amount of goodwill were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 211.10 159.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 211.10 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 211.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 211.10 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 211.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 211.10 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 211.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 211.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 211.10 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 211.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 211.10 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 211.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 211.10 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 183.10 159.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 183.10 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 183.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 183.10 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 183.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 183.10 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 183.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 183.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 183.10 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 183.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 183.10 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 183.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 183.10 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 155.10 159.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 155.10 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 155.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 155.10 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 155.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 155.10 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 155.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 155.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 155.10 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 155.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 155.10 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 155.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 155.10 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 127.10 159.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 127.10 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 127.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 127.10 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 127.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 127.10 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 127.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 127.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 127.10 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 127.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 127.10 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 127.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 127.10 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 263.1 m 208.5 263.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 263.1 m 264.5 263.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 250.10000000000002 m 264.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 263.1 m 268.5 263.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 263.1 m 321.5 263.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 263.1 m 325.5 263.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 263.1 m 380.5 263.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 263.1 m 384.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 263.1 m 384.5 263.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 263.1 m 388.5 263.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 263.1 m 444.5 263.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 250.10000000000002 m 444.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 263.1 m 448.5 263.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 263.1 m 502.5 263.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 263.1 m 506.5 263.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 263.1 m 561.5 263.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 250.10000000000002 m 208.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 225.10000000000002 m 208.5 225.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 250.10000000000002 m 264.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 225.10000000000002 m 264.5 225.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 250.10000000000002 m 268.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 225.10000000000002 m 268.5 225.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 250.10000000000002 m 321.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 225.10000000000002 m 321.5 225.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 250.10000000000002 m 325.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 225.10000000000002 m 325.5 225.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 250.10000000000002 m 380.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 225.10000000000002 m 380.5 225.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 250.10000000000002 m 384.5 225.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 250.10000000000002 m 384.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 225.10000000000002 m 384.5 225.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 250.10000000000002 m 388.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 225.10000000000002 m 388.5 225.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 250.10000000000002 m 444.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 225.10000000000002 m 444.5 225.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 250.10000000000002 m 448.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 225.10000000000002 m 448.5 225.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 250.10000000000002 m 502.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 225.10000000000002 m 502.5 225.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 250.10000000000002 m 506.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 225.10000000000002 m 506.5 225.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 250.10000000000002 m 561.5 250.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 225.10000000000002 m 561.5 225.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 225.10000000000002 m 380.5 225.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 225.10000000000002 m 384.5 211.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 211.10000000000002 m 384.5 197.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 183.10000000000002 m 208.5 183.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 183.10000000000002 m 264.5 183.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 183.10000000000002 m 268.5 183.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 183.10000000000002 m 321.5 183.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 183.10000000000002 m 325.5 183.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 183.10000000000002 m 380.5 183.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 197.10000000000002 m 384.5 183.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 183.10000000000002 m 384.5 183.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 183.10000000000002 m 388.5 183.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 183.10000000000002 m 444.5 183.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 183.10000000000002 m 448.5 183.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 183.10000000000002 m 502.5 183.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 183.10000000000002 m 506.5 183.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 183.10000000000002 m 561.5 183.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 183.10000000000002 m 384.5 169.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 155.10000000000002 m 380.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 169.10000000000002 m 384.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 155.10000000000002 m 561.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 155.10000000000002 m 208.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 155.10000000000002 m 264.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 155.10000000000002 m 268.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 155.10000000000002 m 321.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 155.10000000000002 m 325.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 155.10000000000002 m 380.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 155.10000000000002 m 384.5 141.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 155.10000000000002 m 384.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 155.10000000000002 m 388.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 155.10000000000002 m 444.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 155.10000000000002 m 448.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 155.10000000000002 m 502.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 155.10000000000002 m 506.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 155.10000000000002 m 561.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 141.10000000000002 m 384.5 127.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 113.10000000000002 m 208.5 113.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 113.10000000000002 m 264.5 113.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 113.10000000000002 m 268.5 113.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 113.10000000000002 m 321.5 113.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 113.10000000000002 m 325.5 113.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 113.10000000000002 m 380.5 113.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 127.10000000000002 m 384.5 113.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 113.10000000000002 m 384.5 113.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 113.10000000000002 m 388.5 113.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 113.10000000000002 m 444.5 113.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 113.10000000000002 m 448.5 113.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 113.10000000000002 m 502.5 113.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 113.10000000000002 m 506.5 113.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 113.10000000000002 m 561.5 113.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 99.10000000000002 m 208.5 99.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 99.10000000000002 m 264.5 99.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 99.10000000000002 m 268.5 99.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 99.10000000000002 m 321.5 99.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 99.10000000000002 m 325.5 99.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 99.10000000000002 m 380.5 99.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 113.10000000000002 m 384.5 99.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 99.10000000000002 m 384.5 99.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 99.10000000000002 m 388.5 99.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 99.10000000000002 m 444.5 99.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 99.10000000000002 m 448.5 99.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 99.10000000000002 m 502.5 99.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 99.10000000000002 m 506.5 99.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 99.10000000000002 m 561.5 99.10000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 253.83 Td (Nine months ended March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.00 253.83 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.50 253.83 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 229.81 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.65 239.78 Td (National) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.35 229.78 Td (Media) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.55 239.78 Td (Local) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.85 229.78 Td (Media) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.55 229.78 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.65 239.78 Td (National) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.35 229.78 Td (Media) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.05 239.78 Td (Local) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.35 229.78 Td (Media) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.55 229.78 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 215.67 Td (Balance at beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 201.67 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 201.67 Td (.........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.00 201.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.15 201.67 Td (931,303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 201.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.15 201.67 Td (68,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.00 201.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.60 201.67 Td (1,000,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 201.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 201.67 Td (932,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 201.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 201.67 Td (68,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 201.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 201.67 Td (1,001,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 187.67 Td (Accumulated impairment losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.50 187.67 Td (.....) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.80 187.67 Td (\(116,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.65 187.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.65 187.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 187.72 Td (\(116,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 187.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 187.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 187.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 187.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 173.67 Td (Total goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 173.67 Td (............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.15 173.67 Td (814,354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.15 173.67 Td (68,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 173.67 Td (883,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 173.67 Td (932,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 173.67 Td (68,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 173.67 Td (1,001,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 159.67 Td (Acquisition adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 159.67 Td (......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.15 159.67 Td (12,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.65 159.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 159.67 Td (12,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.80 159.72 Td (\(1,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 159.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 159.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 159.72 Td (\(1,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 159.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 145.67 Td (Balance at end of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 131.67 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 131.67 Td (.........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.15 131.67 Td (943,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.15 131.67 Td (68,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.60 131.67 Td (1,012,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 131.67 Td (931,303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 131.67 Td (68,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 131.67 Td (1,000,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 117.67 Td (Accumulated impairment losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.50 117.67 Td (.....) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.80 117.67 Td (\(116,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.65 117.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.65 117.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 117.72 Td (\(116,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 117.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 117.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 117.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 117.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 103.67 Td (Total goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 103.67 Td (............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.00 103.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.15 103.67 Td (826,654) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 103.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.15 103.67 Td (68,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.00 103.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 103.67 Td (895,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 103.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 103.67 Td (931,303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 103.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 103.67 Td (68,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 103.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 103.67 Td (1,000,078) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 741.60 Td (5. Restructuring ) Tj ET Q q 0 0 0 rg BT 131.88 741.60 Td (Accrual) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.20 Td (During the second quarter of fiscal 2017, management committed to a performance improvement plan that included ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 702.00 Td (selected workforce reductions primarily in our national media group. In connection with this plan, the Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.80 Td (recorded pre-tax restructuring char) Tj ET Q q 0 0 0 rg BT 202.80 688.80 Td (ges totaling ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 256.57 688.80 Td ($8.1 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 310.35 688.80 Td ( including ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 357.40 688.80 Td ($7.6 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 411.18 688.80 Td ( for severance and related benefit ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 675.60 Td (costs related to the involuntary termination of employees and other accruals of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 398.22 675.60 Td ($0.3 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 452.00 675.60 Td (. ) Tj ET Q q 0 0 0 rg BT 457.30 675.60 Td (The majority of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 662.40 Td (severance costs will be paid out by the third quarter of fiscal 2018. ) Tj ET Q q 0 0 0 rg BT 345.49 662.40 Td (The plan af) Tj ET Q q 0 0 0 rg BT 395.38 662.40 Td (fected approximately ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 491.28 662.40 Td (125) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 507.78 662.40 Td ( employees. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 649.20 Td (The severance and related benefit costs and other accruals are recorded in the selling, general, and administrative ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 636.00 Td (line of the Condensed Consolidated Statements of Earnings. ) Tj ET Q q 0 0 0 rg BT 317.12 636.00 Td (The Company also wrote down manuscript and art ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 622.80 Td (inventory by ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.66 622.80 Td ($0.2 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 162.44 622.80 Td (, which is recorded in the production, distribution, and editorial line of the Condensed ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 609.60 Td (Consolidated Statements of Earnings.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 583.20 Td (During the first quarter of fiscal 2016, management committed to a performance improvement plan that included ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 570.00 Td (selected workforce reductions. In connection with this plan, the Company recorded pre-tax restructuring char) Tj ET Q q 0 0 0 rg BT 530.27 570.00 Td (ges ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 556.80 Td (totaling ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.36 556.80 Td ($3.4 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 140.14 556.80 Td ( for severance and related benefit costs related to the involuntary termination of employees. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 543.60 Td (The majority of severance costs have been paid out. ) Tj ET Q q 0 0 0 rg BT 280.72 543.60 Td (The plan af) Tj ET Q q 0 0 0 rg BT 330.60 543.60 Td (fected approximately ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 426.50 543.60 Td (45) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 437.50 543.60 Td ( employees. ) Tj ET Q q 0 0 0 rg BT 492.59 543.60 Td (The Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 530.40 Td (also recorded ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 111.69 530.40 Td ($1.1 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 165.47 530.40 Td ( in reversals of excess restructuring reserves accrued in prior fiscal years. ) Tj ET Q q 0 0 0 rg BT 489.94 530.40 Td (The severance ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 517.20 Td (and related benefit costs and the credits for the reversal of excess restructuring reserves are recorded in the selling, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 504.00 Td (general, and administrative line of the Condensed Consolidated Statements of Earnings.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 477.60 Td (During the second quarter of fiscal 2016, management committed to a performance improvement plan that included ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 464.40 Td (selected workforce reductions. In connection with this plan, the Company recorded pre-tax restructuring char) Tj ET Q q 0 0 0 rg BT 530.27 464.40 Td (ges ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 451.20 Td (totaling ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.36 451.20 Td ($1.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 140.14 451.20 Td ( for severance and related benefit costs related to the involuntary termination of employees. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 438.00 Td (The majority of severance costs have been paid out. ) Tj ET Q q 0 0 0 rg BT 280.72 438.00 Td (The plan af) Tj ET Q q 0 0 0 rg BT 330.60 438.00 Td (fected approximately ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 426.50 438.00 Td (25) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 437.50 438.00 Td ( employees. ) Tj ET Q q 0 0 0 rg BT 492.59 438.00 Td (The Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 424.80 Td (also recorded ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 111.69 424.80 Td ($0.5 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 165.47 424.80 Td ( in reversals of excess restructuring reserves accrued in prior fiscal years. ) Tj ET Q q 0 0 0 rg BT 489.94 424.80 Td (The severance ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 411.60 Td (and related benefit costs and the credits for the reversal of excess restructuring reserves are recorded in the selling, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 398.40 Td (general, and administrative line of the Condensed Consolidated Statements of Earnings.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 372.00 Td (During the third quarter of fiscal 2016, the Company announced the closing of ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 398.25 372.00 Td (Mor) Tj ET Q q 0 0 0 rg BT 416.78 372.00 Td (e) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 421.66 372.00 Td ( magazine. ) Tj ET Q q 0 0 0 rg BT 471.86 372.00 Td (This action along ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 358.80 Td (with other small business realignments resulted in selected workforce reductions. In connection with these actions, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 345.60 Td (the Company recorded pre-tax restructuring char) Tj ET Q q 0 0 0 rg BT 264.52 345.60 Td (ges totaling ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 318.29 345.60 Td ($3.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 372.07 345.60 Td ( for severance and related benefit costs ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 332.40 Td (related to the involuntary termination of employees. ) Tj ET Q q 0 0 0 rg BT 281.34 332.40 Td (The majority of severance costs have been paid out. ) Tj ET Q q 0 0 0 rg BT 512.06 332.40 Td (The plan ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 319.20 Td (af) Tj ET Q q 0 0 0 rg BT 58.35 319.20 Td (fected approximately ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 154.25 319.20 Td (45) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 165.25 319.20 Td ( employees. ) Tj ET Q q 0 0 0 rg BT 220.34 319.20 Td (The Company also wrote down related manuscript and art inventory by ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.12 319.20 Td ($0.5 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 306.00 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 81.78 306.00 Td (, which is recorded in the production, distribution, and editorial line of the Condensed Consolidated ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 292.80 Td (Statements of Earnings. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 266.40 Td (Details of changes in the Company's restructuring accrual are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 111.00 213.70 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 213.70 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 213.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 213.70 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 111.00 183.70 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 183.70 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 183.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 183.70 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 111.00 153.70 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 153.70 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 153.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 153.70 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 111 242.70000000000005 m 366 242.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 111 227.70000000000005 m 366 227.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 242.70000000000005 m 428 242.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 227.70000000000005 m 428 227.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 242.70000000000005 m 438 242.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 227.70000000000005 m 438 227.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 242.70000000000005 m 500 242.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 227.70000000000005 m 500 227.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 111 153.70000000000005 m 366 153.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 153.70000000000005 m 428 153.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 153.70000000000005 m 438 153.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 153.70000000000005 m 500 153.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 111 138.70000000000005 m 366 138.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366 138.70000000000005 m 428 138.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 428 138.70000000000005 m 438 138.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 138.70000000000005 m 500 138.70000000000005 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.50 232.38 Td (Nine months ended March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.50 232.38 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.50 232.38 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 113.50 218.15 Td (\(In thousands\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 113.50 203.57 Td (Balance at beginning of period) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 249.75 203.57 Td (.........................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 368.50 203.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.05 203.57 Td (7,388) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 440.50 203.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 465.50 203.57 Td (15,731) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 113.50 188.57 Td (Severance accruals) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 197.50 188.57 Td (............................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.05 188.57 Td (7,578) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 471.05 188.57 Td (7,400) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 113.50 173.57 Td (Cash payments) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 181.00 173.57 Td (..................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 395.35 173.57 Td (\(6,153) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 423.80 173.57 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 461.85 173.57 Td (\(11,577) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 495.80 173.57 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 113.50 158.57 Td (Reversal of excess accrual) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 230.50 158.57 Td (................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 409.10 158.57 Td (\(13) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 423.80 158.57 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 467.35 158.57 Td (\(1,584) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 495.80 158.57 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 113.50 143.57 Td (Balance at end of period) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 222.25 143.57 Td (...................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 368.50 143.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.05 143.57 Td (8,800) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 440.50 143.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 471.05 143.57 Td (9,970) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 741.60 Td (6. Long-term Debt) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.20 Td (Long-term debt consists of the following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 51.00 654.50 376.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 654.50 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 654.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 654.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 654.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.00 624.50 376.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 624.50 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 624.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 624.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 624.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.00 594.50 376.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 594.50 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 594.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 594.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 594.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.00 564.50 376.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 564.50 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 564.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 564.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 564.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.00 534.50 376.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 534.50 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 534.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 534.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 534.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.00 504.50 376.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 504.50 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 504.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 504.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 504.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.00 474.50 376.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 474.50 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 474.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 474.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 474.50 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51 691.5 m 427 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51 669.5 m 427 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 691.5 m 434 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 669.5 m 434 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 691.5 m 494 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 669.5 m 494 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 691.5 m 500 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 669.5 m 500 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 691.5 m 560 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 669.5 m 560 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51 519.5 m 427 519.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 519.5 m 434 519.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 519.5 m 494 519.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 519.5 m 500 519.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 519.5 m 560 519.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51 474.5 m 427 474.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 474.5 m 434 474.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 474.5 m 494 474.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 474.5 m 500 474.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 474.5 m 560 474.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 51 459.5 m 427 459.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 427 459.5 m 434 459.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 459.5 m 494 459.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 494 459.5 m 500 459.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500 459.5 m 560 459.5 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.50 673.95 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.15 682.23 Td (March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.00 672.23 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.70 682.23 Td (June 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.50 672.23 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 53.50 659.40 Td (Variable-rate credit facilities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 65.50 644.37 Td (Asset-backed bank facility of $100 million, due 10/20/2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 330.00 644.37 Td (..................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.50 644.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 459.50 644.37 Td (75,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 502.50 644.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 525.50 644.37 Td (80,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 65.50 629.37 Td (Revolving credit facility of $200 million, due 11/30/2021) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 319.00 629.37 Td (......................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 459.50 629.37 Td (15,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 525.50 629.37 Td (40,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 65.50 614.37 Td (Term loan due 11/30/2021) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 181.50 614.37 Td (........................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 454.00 614.37 Td (243,750) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 520.00 614.37 Td (225,000) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 53.50 584.40 Td (Private placement notes) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 63.50 569.37 Td (3.04% senior notes, due 3/1/2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 211.75 569.37 Td (.............................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 478.80 569.37 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 525.50 569.37 Td (50,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 63.50 554.37 Td (3.04% senior notes, due 3/1/2018) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 211.75 554.37 Td (.............................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 459.50 554.37 Td (50,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 525.50 554.37 Td (50,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 63.50 539.37 Td (Floating rate senior notes, due 12/19/2022) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 250.25 539.37 Td (...............................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 454.00 539.37 Td (100,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 520.00 539.37 Td (100,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 63.50 524.37 Td (Floating rate senior notes, due 2/28/2024) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 244.75 524.37 Td (.................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 454.00 524.37 Td (150,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 520.00 524.37 Td (150,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.50 509.37 Td (Total long-term debt) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 145.75 509.37 Td (.....................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 454.00 509.37 Td (633,750) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 520.00 509.37 Td (695,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.50 494.37 Td (Unamortized debt issuance costs) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 198.00 494.37 Td (..................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 461.35 494.37 Td (\(2,536) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 489.80 494.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 527.35 494.37 Td (\(1,494) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 555.80 494.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.50 479.37 Td (Current portion of long-term debt) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 203.50 479.37 Td (................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 455.85 479.37 Td (\(62,500) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 489.80 479.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.85 479.37 Td (\(75,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 555.80 479.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.50 464.37 Td (Long-term debt) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 123.75 464.37 Td (.............................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.50 464.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 454.00 464.37 Td (568,714) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 502.50 464.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 520.00 464.37 Td (618,506) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 433.60 Td (In connection with the asset-backed bank facility) Tj ET Q q 0 0 0 rg BT 264.93 433.60 Td (, Meredith entered into a revolving agreement to sell all of its ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 420.40 Td (rights, title, and interest in the majority of its accounts receivable related to advertising and miscellaneous revenues ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 407.20 Td (to Meredith Funding Corporation, a special-purpose entity established to purchase accounts receivable from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 394.00 Td (Meredith. ) Tj ET Q q 0 0 0 rg BT 95.21 394.00 Td (At ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.96 394.00 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 178.92 394.00 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 184.42 394.00 Td ($168.9 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 249.20 394.00 Td ( of accounts receivable net of reserves was outstanding under the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 380.80 Td (agreement. Meredith Funding Corporation in turn may sell receivable interests to a major national bank. In ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 367.60 Td (consideration of the sale, Meredith receives cash and a subordinated note, bearing interest at the prime rate of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 534.42 367.60 Td (4.00 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 354.40 Td (percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 82.37 354.40 Td ( at ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 95.80 354.40 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 165.76 354.40 Td (, from Meredith Funding Corporation. ) Tj ET Q q 0 0 0 rg BT 336.35 354.40 Td (The agreement is structured as a true sale under ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 341.20 Td (which the creditors of Meredith Funding Corporation will be entitled to be satisfied out of the assets of Meredith ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 328.00 Td (Funding Corporation prior to any value being returned to Meredith or its creditors. ) Tj ET Q q 0 0 0 rg BT 415.78 328.00 Td (The accounts of Meredith ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 314.80 Td (Funding Corporation are fully consolidated in Meredith's condensed consolidated financial statements. ) Tj ET Q q 0 0 0 rg BT 504.51 314.80 Td (The asset-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 301.60 Td (backed bank facility renews next on October 20, 2017. ) Tj ET Q q 0 0 0 rg BT 293.25 301.60 Td (W) Tj ET Q q 0 0 0 rg BT 302.75 301.60 Td (e expect to renew this facility on or before its expiration ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 288.40 Td (date under substantially similar terms or refinance it with available borrowing capacity) Tj ET Q q 0 0 0 rg BT 431.41 288.40 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 262.00 Td (During the second quarter of fiscal 2017, Meredith amended and restated its credit agreement that provides a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 248.80 Td (revolving credit facility of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 168.51 248.80 Td ($200.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 233.29 248.80 Td ( and a term loan facility of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 352.72 248.80 Td ($250.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 417.50 248.80 Td (, which now expires in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 235.60 Td (November 2021. Other than extending the expiration date, the terms of the amended and restated credit agreement ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 222.40 Td (are substantially the same as those previously in place. ) Tj ET Q q 0 0 0 rg BT 292.96 222.40 Td (The interest rate under both facilities is variable based on ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 209.20 Td (London Interbank Of) Tj ET Q q 0 0 0 rg BT 143.27 209.20 Td (fered Rate \(LIBOR\) and Meredith's debt to trailing 12 month EBITDA) Tj ET Q q 0 0 0 rg BT 454.41 209.20 Td ( \(as defined in the debt ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 196.00 Td (agreement\) ratio. ) Tj ET Q q 0 0 0 rg BT 127.68 196.00 Td (The commitment fees under the revolving credit facility range from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 428.23 196.00 Td (0.125 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 488.10 196.00 Td ( to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 502.15 196.00 Td (0.250 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 182.80 Td (percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 82.37 182.80 Td ( of the unused commitment based on the Company's leverage ratio. ) Tj ET Q q 0 0 0 rg BT 380.46 182.80 Td (The amended and restated credit ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 169.60 Td (agreement replaced our prior revolving credit facility and term loan.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 143.20 Td (The Company holds interest rate swap agreements to hedge variable interest rate risk on the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 456.56 143.20 Td ($250.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.34 143.20 Td ( floating-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 130.00 Td (rate senior notes and on ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 157.22 130.00 Td ($50.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 216.50 130.00 Td ( of the term loan. ) Tj ET Q q 0 0 0 rg BT 294.50 130.00 Td (The expiration of the swaps is as follows: ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 482.99 130.00 Td ($50.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 542.27 130.00 Td ( in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 116.80 Td (August 2018, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 112.03 116.80 Td ($100.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 176.81 116.80 Td ( in March 2019, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 268.46 116.80 Td ($150.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 333.24 116.80 Td ( in ) Tj ET Q q 0 0 0 rg BT 346.69 116.80 Td (August 2019. Under the swaps the Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 103.60 Td (will pay fixed rates of interest \() Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 188.06 103.60 Td (1.36 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 242.43 103.60 Td ( on the swap maturing in ) Tj ET Q q 0 0 0 rg BT 353.64 103.60 Td (August 2018, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 415.67 103.60 Td (1.53 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 470.04 103.60 Td ( on the swap ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 90.40 Td (maturing in March 2019, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 181.36 90.40 Td (1.76 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 235.73 90.40 Td ( on the swaps maturing in ) Tj ET Q q 0 0 0 rg BT 351.22 90.40 Td (August 2019\) and receive variable rates of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 77.20 Td (interest based on the one to three-month LIBOR \() Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 268.72 77.20 Td (0.98 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 323.09 77.20 Td ( on the swap maturing in ) Tj ET Q q 0 0 0 rg BT 434.30 77.20 Td (August 2018, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 496.33 77.20 Td (1.16 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 550.69 77.20 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 64.00 Td (on the swap maturing in March 2019, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 236.66 64.00 Td (1.06 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 291.02 64.00 Td ( on the swaps maturing in ) Tj ET Q q 0 0 0 rg BT 406.51 64.00 Td (August 2019 as of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 489.62 64.00 Td (March31, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 50.80 Td (2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 50.80 Td (\) on the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.35 50.80 Td ($300.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 173.13 50.80 Td ( notional amount of indebtedness. ) Tj ET Q q 0 0 0 rg BT 324.46 50.80 Td (The swaps are designated as cash flow hedges. ) Tj ET Q q 0 0 0 rg BT 532.89 50.80 Td (The ) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 741.40 Td (Company evaluates the ef) Tj ET Q q 0 0 0 rg BT 163.73 741.40 Td (fectiveness of the hedging relationships on an ongoing basis by recalculating changes in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.20 Td (fair value of the derivatives and related hedged items independently) Tj ET Q q 0 0 0 rg BT 347.70 728.20 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 701.80 Td (Unrealized gains or losses on cash flow hedges are recorded in other comprehensive income to the extent the cash ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.60 Td (flow hedges are ef) Tj ET Q q 0 0 0 rg BT 130.73 688.60 Td (fective. ) Tj ET Q q 0 0 0 rg BT 165.96 688.60 Td (The amount of the swap that of) Tj ET Q q 0 0 0 rg BT 303.22 688.60 Td (fsets the ef) Tj ET Q q 0 0 0 rg BT 350.67 688.60 Td (fects of interest rate changes on the related debt ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 675.40 Td (is subsequently reclassified into interest expense. ) Tj ET Q q 0 0 0 rg BT 268.42 675.40 Td (Any inef) Tj ET Q q 0 0 0 rg BT 307.02 675.40 Td (fective portions on cash flow hedges are recorded in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 662.20 Td (interest expense. No material inef) Tj ET Q q 0 0 0 rg BT 197.94 662.20 Td (fectiveness existed at either ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 321.94 662.20 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 391.90 662.20 Td ( or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 406.56 662.20 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 428.56 662.20 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 635.80 Td (The fair value of the interest rate swap agreements is the estimated amount the Company would pay or receive to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 622.60 Td (terminate the swap agreements. ) Tj ET Q q 0 0 0 rg BT 190.81 622.60 Td (At ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 204.56 622.60 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 274.52 622.60 Td (, the swaps had a fair value of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 408.61 622.60 Td ($0.2 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 462.39 622.60 Td ( liability) Tj ET Q q 0 0 0 rg BT 498.64 622.60 Td (. ) Tj ET Q q 0 0 0 rg BT 503.94 622.60 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 609.40 Td (Company is exposed to credit-related losses in the event of nonperformance by counterparties to the swap ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 596.20 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 105.39 596.20 Td (The Company strives to manage this exposure through diversification and monitoring of the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 583.00 Td (creditworthiness of the counterparties. ) Tj ET Q q 0 0 0 rg BT 221.16 583.00 Td (There was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 269.41 583.00 Td ($0.6 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 323.20 583.00 Td ( of potential loss that the Company would incur on ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 569.80 Td (the interest rate swaps if the counterparties were to fail to meet their obligations under the agreements at ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 511.22 569.80 Td (March31, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 556.60 Td (2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 556.60 Td (. Given the strong creditworthiness of the counterparties, management does not expect any of them to fail to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 543.40 Td (meet their obligations. ) Tj ET Q q 0 0 0 rg BT 150.82 543.40 Td (Additionally) Tj ET Q q 0 0 0 rg BT 205.71 543.40 Td (, the concentration of risk with any individual counterparty is not considered ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 530.20 Td (significant at ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 109.87 530.20 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 179.83 530.20 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 490.60 Td (7. Income ) Tj ET Q q 0 0 0 rg BT 101.13 490.60 Td (T) Tj ET Q q 0 0 0 rg BT 107.45 490.60 Td (axes) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 464.20 Td (Our ef) Tj ET Q q 0 0 0 rg BT 78.20 464.20 Td (fective tax rate was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 166.16 464.20 Td (39.2 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 220.52 464.20 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 250.77 464.20 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 305.44 464.20 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 326.82 464.20 Td (35.8 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 381.19 464.20 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 431.90 464.20 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 485.98 464.20 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 500.65 464.20 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 549.22 464.20 Td ( as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 451.00 Td (compared to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 107.42 451.00 Td (34.2 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 161.79 451.00 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 192.03 451.00 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 246.71 451.00 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 268.09 451.00 Td (38.2 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 322.45 451.00 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 373.17 451.00 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 427.25 451.00 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 441.91 451.00 Td (fiscal 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 490.48 451.00 Td (. ) Tj ET Q q 0 0 0 rg BT 495.78 451.00 Td (The first nine ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 437.80 Td (months of fiscal 2017 ef) Tj ET Q q 0 0 0 rg BT 156.72 437.80 Td (fective tax rate was primarily impacted by a credit to income taxes of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 464.29 437.80 Td ($6.7 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 518.07 437.80 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 424.60 Td (second quarter of fiscal 2017 related to the resolution of certain federal and state tax matters. For fiscal 2016, in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 411.40 Td (conjunction with the termination of the Media General mer) Tj ET Q q 0 0 0 rg BT 310.05 411.40 Td (ger agreement, mer) Tj ET Q q 0 0 0 rg BT 395.06 411.40 Td (ger) Tj ET Q q 0 0 0 rg BT 408.88 411.40 Td (-related expenses recorded in prior ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 398.20 Td (quarters of fiscal 2016 became deductible for income tax purposes in the third quarter of fiscal 2016 and thus the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 385.00 Td (Company recognized a corresponding tax benefit in the Company's third fiscal quarter) Tj ET Q q 0 0 0 rg BT 429.40 385.00 Td (, which lowered the fiscal ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 371.80 Td (2016 third quarter ef) Tj ET Q q 0 0 0 rg BT 140.52 371.80 Td (fective tax rate.) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 741.60 Td (8. Pension and Postr) Tj ET Q q 0 0 0 rg BT 148.51 741.60 Td (etir) Tj ET Q q 0 0 0 rg BT 164.79 741.60 Td (ement Benefit Plans) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.20 Td (The following table presents the components of net periodic benefit costs:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 633.50 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 633.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 633.50 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 633.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 633.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 633.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 633.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 633.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 633.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 603.50 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 603.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 603.50 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 603.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 603.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 603.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 603.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 603.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 603.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 573.50 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 573.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 573.50 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 573.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 573.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 573.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 573.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 573.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 573.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 543.50 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 543.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 543.50 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 543.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 543.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 543.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 543.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 543.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 543.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 513.50 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 513.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 513.50 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 513.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 513.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 513.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 513.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 513.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 513.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 483.50 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 483.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 483.50 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 483.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 483.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 483.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 483.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 483.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 483.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 453.50 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 453.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 453.50 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 453.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 453.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 453.50 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 453.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 453.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 453.50 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 691.5 m 294.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 691.5 m 354.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 691.5 m 363.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 691.5 m 423.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 691.5 m 429.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 691.5 m 429.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 691.5 m 435.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 691.5 m 493.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 691.5 m 503.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 691.5 m 561.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 662.5 m 294.5 662.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 676.5 m 354.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 662.5 m 354.5 662.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 676.5 m 363.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 662.5 m 363.5 662.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 676.5 m 423.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 662.5 m 423.5 662.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 676.5 m 429.5 662.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 662.5 m 429.5 662.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 662.5 m 435.5 662.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 676.5 m 493.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 662.5 m 493.5 662.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 676.5 m 503.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 662.5 m 503.5 662.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 676.5 m 561.5 676.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 662.5 m 561.5 662.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 662.5 m 429.5 648.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 648.5 m 429.5 633.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 633.5 m 429.5 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 618.5 m 429.5 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 603.5 m 429.5 588.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 588.5 m 429.5 573.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 558.5 m 294.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 558.5 m 354.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 558.5 m 423.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 573.5 m 429.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 558.5 m 561.5 558.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 543.5 m 294.5 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 558.5 m 354.5 558.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 543.5 m 354.5 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 558.5 m 363.5 558.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 543.5 m 363.5 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 558.5 m 423.5 558.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 543.5 m 423.5 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 558.5 m 429.5 558.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 543.5 m 429.5 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 558.5 m 429.5 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 558.5 m 435.5 558.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 543.5 m 435.5 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 558.5 m 493.5 558.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 543.5 m 493.5 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 558.5 m 503.5 558.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 543.5 m 503.5 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 558.5 m 561.5 558.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 543.5 m 561.5 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 543.5 m 429.5 528.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 528.5 m 429.5 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 513.5 m 429.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 498.5 m 429.5 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 483.5 m 429.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 453.5 m 294.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 453.5 m 354.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 453.5 m 363.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 453.5 m 423.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 468.5 m 429.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 453.5 m 429.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 453.5 m 435.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 453.5 m 493.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 453.5 m 503.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 453.5 m 561.5 453.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 438.5 m 294.5 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 453.5 m 354.5 453.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 438.5 m 354.5 438.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 438.5 m 363.5 438.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 438.5 m 423.5 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 453.5 m 429.5 438.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 438.5 m 429.5 438.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 438.5 m 435.5 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 453.5 m 493.5 453.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 438.5 m 493.5 438.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 438.5 m 503.5 438.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 438.5 m 561.5 438.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.15 681.18 Td (Three Months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.35 681.18 Td (Nine Months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 667.18 Td (Periods ended March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.00 667.18 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.00 667.18 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.00 667.18 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 667.18 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 652.95 Td (\(In thousands\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.00 638.40 Td (Pension benefits) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 623.37 Td (Service cost) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 106.75 623.37 Td (...................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 297.00 623.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 325.55 623.37 Td (3,137) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 366.00 623.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 394.55 623.37 Td (2,977) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 438.00 623.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 464.50 623.37 Td (9,410) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 506.00 623.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 532.50 623.37 Td (8,931) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 608.37 Td (Interest cost) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 106.75 608.37 Td (...................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 325.55 608.37 Td (1,225) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 394.55 608.37 Td (1,468) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 464.50 608.37 Td (3,675) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 532.50 608.37 Td (4,406) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 593.37 Td (Expected return on plan assets) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 186.50 593.37 Td (......................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 321.85 593.37 Td (\(2,298) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 350.30 593.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 390.85 593.37 Td (\(2,745) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 419.30 593.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 460.85 593.37 Td (\(6,894) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 489.30 593.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 528.85 593.37 Td (\(8,237) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 593.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 578.37 Td (Prior service cost amortization) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 189.25 578.37 Td (.....................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 339.30 578.37 Td (48) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 408.30 578.37 Td (48) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 472.80 578.37 Td (145) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 540.80 578.37 Td (146) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 563.37 Td (Actuarial loss amortization) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 172.75 563.37 Td (...........................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 333.80 563.37 Td (897) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 402.80 563.37 Td (157) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 464.50 563.37 Td (2,691) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 540.80 563.37 Td (471) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 548.37 Td (Net periodic benefit costs) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 167.25 548.37 Td (.............................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 297.00 548.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 325.55 548.37 Td (3,009) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 366.00 548.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 394.55 548.37 Td (1,905) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 438.00 548.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 464.50 548.37 Td (9,027) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 506.00 548.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 532.50 548.37 Td (5,717) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.00 518.40 Td (Postretirement benefits) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 503.37 Td (Service cost) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 106.75 503.37 Td (...................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 297.00 503.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 339.30 503.37 Td (23) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 366.00 503.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 408.30 503.37 Td (25) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 438.00 503.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 478.30 503.37 Td (69) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 506.00 503.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 546.30 503.37 Td (75) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 488.37 Td (Interest cost) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 106.75 488.37 Td (...................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 339.30 488.37 Td (80) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 408.30 488.37 Td (96) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 472.80 488.37 Td (240) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 540.80 488.37 Td (288) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 473.37 Td (Prior service credit amortization) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 194.75 473.37 Td (...................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 335.60 473.37 Td (\(98) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 350.30 473.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.10 473.37 Td (\(107) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 419.30 473.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 469.10 473.37 Td (\(294) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 489.30 473.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.10 473.37 Td (\(321) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 473.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 458.37 Td (Actuarial gain amortization) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 175.50 458.37 Td (..........................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 335.60 458.37 Td (\(78) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 350.30 458.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.10 458.37 Td (\(169) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 419.30 458.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 469.10 458.37 Td (\(233) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 489.30 458.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.10 458.37 Td (\(507) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 458.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 443.37 Td (Net periodic benefit credit) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 170.00 443.37 Td (............................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 297.00 443.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 335.60 443.37 Td (\(73) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 350.30 443.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 366.00 443.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.10 443.37 Td (\(155) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 419.30 443.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 438.00 443.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 469.10 443.37 Td (\(218) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 489.30 443.37 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 506.00 443.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.10 443.37 Td (\(465) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 443.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 412.60 Td (The amortization of amounts related to unrecognized prior service costs and net actuarial gain/loss was reclassified ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 399.40 Td (out of other comprehensive income as components of net periodic benefit costs.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 359.80 Td (9. Earnings per) Tj ET Q q 0 0 0 rg BT 124.98 359.80 Td ( Shar) Tj ET Q q 0 0 0 rg BT 150.14 359.80 Td (e) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 333.40 Td (The following table presents the calculations of earnings per share:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 265.70 252.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 265.70 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 265.70 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 265.70 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 265.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 265.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 265.70 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 265.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 265.70 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 235.70 252.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 235.70 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 235.70 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 235.70 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 235.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 235.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 235.70 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 235.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 235.70 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 205.70 252.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 205.70 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 205.70 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 205.70 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 205.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 205.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 205.70 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 205.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 205.70 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 175.70 252.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 175.70 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 175.70 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 175.70 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 175.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 175.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 175.70 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 175.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 175.70 52.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 309.70000000000005 m 302 309.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 309.70000000000005 m 364 309.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 309.70000000000005 m 373 309.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 309.70000000000005 m 435 309.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 309.70000000000005 m 443 309.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 309.70000000000005 m 443 294.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 309.70000000000005 m 451 309.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 309.70000000000005 m 501 309.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 309.70000000000005 m 509 309.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 309.70000000000005 m 561 309.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 279.70000000000005 m 302 279.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 294.70000000000005 m 364 294.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 279.70000000000005 m 364 279.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 294.70000000000005 m 373 294.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 279.70000000000005 m 373 279.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 294.70000000000005 m 435 294.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 279.70000000000005 m 435 279.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 294.70000000000005 m 443 279.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 294.70000000000005 m 443 294.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 279.70000000000005 m 443 279.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 294.70000000000005 m 451 294.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 279.70000000000005 m 451 279.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 294.70000000000005 m 501 294.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 279.70000000000005 m 501 279.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 294.70000000000005 m 509 294.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 279.70000000000005 m 509 279.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 294.70000000000005 m 561 294.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 279.70000000000005 m 561 279.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 279.70000000000005 m 443 265.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 250.70000000000005 m 302 250.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 302 250.70000000000005 m 364 250.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 364 250.70000000000005 m 373 250.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 373 250.70000000000005 m 435 250.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 435 250.70000000000005 m 443 250.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 265.70000000000005 m 443 250.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 443 250.70000000000005 m 451 250.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 451 250.70000000000005 m 501 250.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 501 250.70000000000005 m 509 250.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 509 250.70000000000005 m 561 250.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 302 250.70000000000005 m 364 250.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 373 250.70000000000005 m 435 250.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 250.70000000000005 m 443 235.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 451 250.70000000000005 m 501 250.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 509 250.70000000000005 m 561 250.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 220.70000000000005 m 364 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 220.70000000000005 m 435 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 235.70000000000005 m 443 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 220.70000000000005 m 501 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 220.70000000000005 m 561 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 220.70000000000005 m 302 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 220.70000000000005 m 364 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 302 205.70000000000005 m 364 205.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 220.70000000000005 m 373 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 220.70000000000005 m 435 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 373 205.70000000000005 m 435 205.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 220.70000000000005 m 443 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 220.70000000000005 m 443 205.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 220.70000000000005 m 451 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 220.70000000000005 m 501 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 451 205.70000000000005 m 501 205.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 220.70000000000005 m 509 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 220.70000000000005 m 561 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 509 205.70000000000005 m 561 205.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 205.70000000000005 m 302 205.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 302 205.70000000000005 m 364 205.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 364 205.70000000000005 m 373 205.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 373 205.70000000000005 m 435 205.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 435 205.70000000000005 m 443 205.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 205.70000000000005 m 443 190.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 443 205.70000000000005 m 451 205.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 451 205.70000000000005 m 501 205.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 501 205.70000000000005 m 509 205.70000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 509 205.70000000000005 m 561 205.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 190.70000000000005 m 443 175.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 160.70000000000005 m 302 160.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 302 160.70000000000005 m 364 160.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 364 160.70000000000005 m 373 160.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 373 160.70000000000005 m 435 160.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 435 160.70000000000005 m 443 160.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 175.70000000000005 m 443 160.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443 160.70000000000005 m 451 160.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 451 160.70000000000005 m 501 160.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501 160.70000000000005 m 509 160.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 509 160.70000000000005 m 561 160.70000000000005 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.65 299.38 Td (Three Months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.85 299.38 Td (Nine Months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 284.38 Td (Periods ended March31,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 321.50 284.60 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 392.50 284.60 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 464.50 284.60 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 523.50 284.60 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 270.15 Td (\(In thousands except per share data\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.50 255.57 Td (Net earnings) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.75 255.57 Td (.....................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.50 255.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 329.50 255.57 Td (39,781) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 375.50 255.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 400.50 255.57 Td (80,904) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.50 255.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 461.00 255.57 Td (145,559) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 511.50 255.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.00 255.57 Td (124,452) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.50 240.57 Td (Basic average shares outstanding) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 199.50 240.57 Td (....................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 329.50 240.57 Td (44,684) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 400.50 240.57 Td (44,617) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 466.50 240.57 Td (44,584) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 526.50 240.57 Td (44,623) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.50 225.57 Td (Dilutive effect of stock options and equivalents) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 262.75 225.57 Td (.............) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 343.30 225.57 Td (872) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 414.30 225.57 Td (681) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 480.25 225.57 Td (840) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 540.30 225.57 Td (721) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.50 210.57 Td (Diluted average shares outstanding) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 207.75 210.57 Td (.................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 329.50 210.57 Td (45,556) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 400.50 210.57 Td (45,298) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 466.50 210.57 Td (45,424) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 526.50 210.57 Td (45,344) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.50 195.57 Td (Earnings per share) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.50 180.57 Td (Basic earnings per share) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 172.00 180.57 Td (..............................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.50 180.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 340.55 180.57 Td (0.89) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 375.50 180.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 411.55 180.57 Td (1.81) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.50 180.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 477.50 180.57 Td (3.26) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 511.50 180.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.50 180.57 Td (2.79) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 64.50 165.57 Td (Diluted earnings per share) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 183.00 165.57 Td (..........................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 340.55 165.57 Td (0.87) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 411.55 165.57 Td (1.79) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 477.50 165.57 Td (3.20) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.50 165.57 Td (2.74) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 134.80 Td (For the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 84.22 134.80 Td (three months ended March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 243.07 134.80 Td ( there were ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 294.67 134.80 Td (no) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 305.67 134.80 Td ( antidilutive options excluded from the above ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 121.60 Td (calculations. For the three months ended March 31, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 279.10 121.60 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 301.10 121.60 Td (, antidilutive options excluded from the above calculations ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 108.40 Td (totaled ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 82.68 108.40 Td (1.7 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 130.96 108.40 Td ( \(with a weighted average exercise price of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 322.75 108.40 Td ($48.25) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 353.00 108.40 Td (\).) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 82.00 Td (For the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 84.22 82.00 Td (nine months ended March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 240.02 82.00 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 261.41 82.00 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 283.41 82.00 Td (, antidilutive options excluded from the above calculations ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 68.80 Td (totaled ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 82.68 68.80 Td (0.3 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 130.96 68.80 Td ( \(with a weighted average exercise price of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 322.75 68.80 Td ($54.30) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 353.00 68.80 Td (\) and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.05 68.80 Td (1.5 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 426.33 68.80 Td ( \(with a weighted average ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 55.60 Td (exercise price of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 125.43 55.60 Td ($48.68) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 155.68 55.60 Td (\), respectively) Tj ET Q q 0 0 0 rg BT 217.27 55.60 Td (.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (14) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 741.40 Td (In the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 78.10 741.40 Td (nine months ended March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 233.91 741.40 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 255.29 741.40 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 277.29 741.40 Td (, options were exercised to purchase ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 439.48 741.40 Td (0.9 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.76 741.40 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 509.14 741.40 Td (0.2 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.42 741.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.20 Td (common shares, respectively) Tj ET Q q 0 0 0 rg BT 176.66 728.20 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 688.60 Td (10. Fair) Tj ET Q q 0 0 0 rg BT 89.21 688.60 Td ( ) Tj ET Q q 0 0 0 rg BT 91.76 688.60 Td (V) Tj ET Q q 0 0 0 rg BT 98.69 688.60 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 156.85 688.60 Td (ements) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 662.20 Td (W) Tj ET Q q 0 0 0 rg BT 59.50 662.20 Td (e estimated the fair value of our financial instruments using available market information and valuation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 649.00 Td (methodologies we believe to be appropriate for these purposes. Considerable judgment and a high degree of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 635.80 Td (subjectivity are involved in developing these estimates and, accordingly) Tj ET Q q 0 0 0 rg BT 366.06 635.80 Td (, they are not necessarily indicative of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 622.60 Td (amounts we would realize upon disposition.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 596.20 Td (The fair value hierarchy consists of three broad levels of inputs that may be used to measure fair value, which are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 583.00 Td (described below:) Tj ET Q BT /F1 14.00 Tf ET q 0 0 0 rg BT 62.50 547.09 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 84.85 549.17 Td (Level 1) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 130.00 549.17 Td (Quoted prices \(unadjusted\) in active markets for identical assets or liabilities;) Tj ET Q BT /F1 14.00 Tf ET q 0 0 0 rg BT 62.50 529.09 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 84.85 531.17 Td (Level 2) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 130.00 531.17 Td (Inputs other than quoted prices included within Level 1 that are either directly or indirectly ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 130.00 520.17 Td (observable) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 177.65 520.17 Td (;) Tj ET Q BT /F1 14.00 Tf ET q 0 0 0 rg BT 62.50 502.09 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 84.85 504.17 Td (Level 3) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 130.00 504.17 Td (Assets or liabilities for which fair value is based on valuation models with significant) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 130.00 493.17 Td (unobservable pricing inputs and which result in the use of management estimates.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 461.40 Td (The following table sets forth the carrying value and the estimated fair value of the Company's financial instruments ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 448.20 Td (not measured at fair value on a recurring basis:) Tj ET Q 1 1 1 rg /GS0 gs 51.00 384.50 222.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51 424.5 m 273 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 424.5 m 335 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 409.5 m 335 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 424.5 m 345 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 409.5 m 345 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 424.5 m 407 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 409.5 m 407 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 424.5 m 417 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 424.5 m 417 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 424.5 m 426 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 424.5 m 488 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 409.5 m 488 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 424.5 m 498 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 409.5 m 498 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 424.5 m 560 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 409.5 m 560 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51 384.5 m 273 384.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 409.5 m 335 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 384.5 m 335 384.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 409.5 m 345 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 384.5 m 345 384.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 409.5 m 407 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 384.5 m 407 384.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 384.5 m 417 384.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 409.5 m 417 384.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 384.5 m 426 384.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 409.5 m 488 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 384.5 m 488 384.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 409.5 m 498 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 384.5 m 498 384.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 409.5 m 560 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 384.5 m 560 384.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 384.5 m 417 369.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 384.5 m 488 384.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 384.5 m 498 384.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 384.5 m 560 384.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 51 354.5 m 273 354.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 273 354.5 m 335 354.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 335 354.5 m 345 354.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 345 354.5 m 407 354.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 407 354.5 m 417 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 369.5 m 417 354.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 417 354.5 m 426 354.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 426 354.5 m 488 354.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 488 354.5 m 498 354.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 354.5 m 560 354.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.40 414.18 Td (March31, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.45 414.18 Td (June 30, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.50 388.95 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.75 399.18 Td (Carrying) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.45 389.18 Td (Value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.20 389.18 Td (Fair Value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.75 399.18 Td (Carrying) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.45 389.18 Td (Value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.20 389.18 Td (Fair Value) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.50 374.37 Td (Broadcast rights payable) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 162.25 374.37 Td (.......................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 275.50 374.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 300.50 374.37 Td (13,201) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 347.50 374.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 372.50 374.37 Td (12,505) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 428.50 374.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.50 374.37 Td (10,173) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 500.50 374.37 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 531.05 374.37 Td (9,655) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.50 359.37 Td (Total long-term debt) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 145.75 359.37 Td (.............................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 295.00 359.37 Td (633,750) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 367.00 359.37 Td (633,864) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 448.00 359.37 Td (695,000) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 520.00 359.37 Td (695,533) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 328.60 Td (The fair value of broadcast rights payable was determined using the present value of expected future cash flows ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 315.40 Td (discounted at the Company's current borrowing rate with inputs included in Level3. ) Tj ET Q q 0 0 0 rg BT 423.25 315.40 Td (The fair value of total long-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 302.20 Td (term debt was determined using the present value of expected future cash flows using borrowing rates currently ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 289.00 Td (available for debt with similar terms and maturities with inputs included in Level2.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 262.60 Td (The following table sets forth the assets and liabilities measured at fair value on a recurring basis:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 119.50 200.90 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 200.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 200.90 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 200.90 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 200.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 119.50 170.90 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 170.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 170.90 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 170.90 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 170.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 119.50 140.90 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 140.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 140.90 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 140.90 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 140.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 119.50 110.90 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 110.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 110.90 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 110.90 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 110.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 119.50 80.90 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 80.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 80.90 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 80.90 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 80.90 63.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 119.5 238.89999999999998 m 339.5 238.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 119.5 215.89999999999998 m 339.5 215.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 238.89999999999998 m 409.5 238.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 215.89999999999998 m 409.5 215.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 238.89999999999998 m 419.5 238.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 215.89999999999998 m 419.5 215.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 238.89999999999998 m 419.5 215.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 238.89999999999998 m 428.5 238.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 215.89999999999998 m 428.5 215.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 238.89999999999998 m 491.5 238.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 215.89999999999998 m 491.5 215.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 215.89999999999998 m 419.5 200.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 200.89999999999998 m 419.5 185.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 185.89999999999998 m 419.5 170.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 170.89999999999998 m 419.5 155.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 155.89999999999998 m 419.5 140.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 140.89999999999998 m 419.5 125.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 125.89999999999998 m 419.5 110.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 110.89999999999998 m 419.5 95.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 95.89999999999998 m 419.5 80.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 119.5 65.89999999999998 m 339.5 65.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 65.89999999999998 m 409.5 65.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 80.89999999999998 m 419.5 65.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 65.89999999999998 m 419.5 65.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 65.89999999999998 m 428.5 65.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 65.89999999999998 m 491.5 65.89999999999998 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 122.00 220.35 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.15 229.63 Td (March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.00 219.63 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.70 229.63 Td (June 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 219.63 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 205.77 Td (Property, plant, and equipment) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 134.00 190.77 Td (Corporate airplanes, held for sale) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 281.00 190.77 Td (....................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 342.00 190.77 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 380.55 190.77 Td (2,800) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 431.00 190.77 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 462.55 190.77 Td (2,800) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 175.77 Td (Other assets) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 134.00 160.77 Td (Interest rate swaps) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 217.75 160.77 Td (...........................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 388.80 160.77 Td (618) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 476.30 160.77 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 145.77 Td (Accrued expenses and other liabilities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 134.00 130.77 Td (Contingent consideration) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 245.25 130.77 Td (.................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 380.55 130.77 Td (4,466) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 476.30 130.77 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 134.00 115.77 Td (Interest rate swaps) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 217.75 115.77 Td (...........................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 388.80 115.77 Td (807) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 462.55 115.77 Td (2,768) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.00 100.77 Td (Other noncurrent liabilities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 134.00 85.77 Td (Contingent consideration) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 245.25 85.77 Td (.................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 375.05 85.77 Td (31,359) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 457.00 85.77 Td (56,631) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 134.00 70.77 Td (Interest rate swaps) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 217.75 70.77 Td (...........................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 394.30 70.77 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 462.55 70.77 Td (4,511) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (15) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 741.40 Td (The fair value of interest rate swaps is determined using discounted cash flows derived from market observable ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.20 Td (inputs including swap curves that are included in Level2. ) Tj ET Q q 0 0 0 rg BT 306.71 728.20 Td (The fair values of contingent consideration and corporate ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.00 Td (airplanes are based on significant inputs not observable in the market and thus represents Level3 measurements.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.60 Td (Details of changes in the fair value of Level3 contingent consideration and corporate airplanes are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 101.00 619.90 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 619.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 619.90 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 619.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 101.00 589.90 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 589.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 589.90 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 589.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 101.00 557.90 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 557.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 557.90 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 557.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 101.00 527.90 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 527.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 527.90 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 527.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 101.00 497.90 275.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 497.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 497.90 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 497.90 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 101 664.9 m 376 664.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 101 649.9 m 376 649.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 664.9 m 438 664.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 649.9 m 438 649.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 664.9 m 448 664.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 649.9 m 448 649.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 664.9 m 510 664.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 649.9 m 510 649.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 101 649.9 m 376 649.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 649.9 m 438 649.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 649.9 m 448 649.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 649.9 m 510 649.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 557.9 m 438 557.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 557.9 m 448 557.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 557.9 m 510 557.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 101 557.9 m 376 557.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 101 542.9 m 376 542.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 557.9 m 438 557.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 376 542.9 m 438 542.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 557.9 m 448 557.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 542.9 m 448 542.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 557.9 m 510 557.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 448 542.9 m 510 542.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 101 542.9 m 376 542.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 542.9 m 438 542.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 542.9 m 448 542.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 542.9 m 510 542.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 482.9 m 438 482.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 482.9 m 510 482.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 101 482.9 m 376 482.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 101 467.9 m 376 467.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 482.9 m 438 482.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 376 467.9 m 438 467.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 482.9 m 448 482.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 467.9 m 448 467.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 482.9 m 510 482.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 448 467.9 m 510 467.9 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.50 654.58 Td (Nine months ended March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.50 654.58 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.50 654.58 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 103.50 639.35 Td (\(in thousands\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 103.50 624.80 Td (Contingent consideration) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 609.77 Td (Balance at beginning of period) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 240.50 609.77 Td (................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.50 609.77 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 403.50 609.77 Td (56,631) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 450.50 609.77 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 475.50 609.77 Td (61,535) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 594.77 Td (Additions due to acquisitions) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 232.25 594.77 Td (...................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 409.05 594.77 Td (7,681) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 494.80 594.77 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 579.77 Td (Payments) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 147.00 579.77 Td (..................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.85 579.77 Td (\(10,040) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 433.80 579.77 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 485.60 579.77 Td (\(800) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 505.80 579.77 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 562.82 Td (Change in present value of contingent consideration ) Tj ET Q BT /F1 11.00 Tf ET BT /F1 7.15 Tf ET q 0 0 0 rg BT 335.35 567.81 Td (\(1\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 345.00 562.77 Td (..........) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.85 562.82 Td (\(18,447) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 433.80 562.82 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 477.35 562.82 Td (\(1,505) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 505.80 562.82 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 547.77 Td (Balance at end of period) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 213.00 547.77 Td (..........................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.50 547.77 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 403.50 547.77 Td (35,825) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 450.50 547.77 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 475.50 547.77 Td (59,230) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 103.50 517.80 Td (Corporate airplanes, held for sale) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 502.77 Td (Balance at beginning of period ) Tj ET Q BT /F1 11.00 Tf ET BT /F1 7.15 Tf ET q 0 0 0 rg BT 241.87 507.76 Td (\(2\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 251.50 502.77 Td (............................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.50 502.77 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 409.05 502.77 Td (2,800) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 450.50 502.77 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 494.80 502.77 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 487.77 Td (Fair market adjustment of corporate airplanes) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 306.50 487.77 Td (........................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 422.80 487.77 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 494.80 487.77 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 472.77 Td (Balance at end of period) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 213.00 472.77 Td (..........................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.50 472.77 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 409.05 472.77 Td (2,800) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 450.50 472.77 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 494.80 472.77 Td () Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 103.50 457.24 Td (\(1\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 111.78 453.16 Td ( Change in present value of contingent consideration is recorded in the selling, general, and administrative ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 121.50 444.16 Td (expense line on the Condensed Consolidated Statements of Earnings and is comprised of changes in ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 121.50 435.16 Td (estimated earn out payments based on projections of performance and the accretion of the present value ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 121.50 426.16 Td (discount.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 103.50 412.24 Td (\(2\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 111.78 408.16 Td ( Consistent with the decision to sell the corporate airplanes, these assets were adjusted to fair value in the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 121.50 399.16 Td (fourth quarter of fiscal 2016.) Tj ET Q BT /F1 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 352.80 Td (1) Tj ET Q q 0 0 0 rg BT 54.89 352.80 Td (1. Financial Information about Industry Segments) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 326.40 Td (Meredith is a diversified media company focused primarily on the home and family marketplace. On the basis of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 313.20 Td (products and services, the Company has established ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 280.95 313.20 Td (two) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 297.45 313.20 Td ( reportable segments: national media and local media. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 300.00 Td (There have been no changes in the basis of segmentation since ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 328.27 300.00 Td (June30, 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 389.68 300.00 Td (. ) Tj ET Q q 0 0 0 rg BT 394.98 300.00 Td (There have been no material ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 286.80 Td (intersegment transactions.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 260.40 Td (There are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.57 260.40 Td (two) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 111.07 260.40 Td ( principal financial measures reported to the chief executive of) Tj ET Q q 0 0 0 rg BT 386.06 260.40 Td (ficer for use in assessing segment ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 247.20 Td (performance and allocating resources. ) Tj ET Q q 0 0 0 rg BT 219.91 247.20 Td (Those measures are operating profit and EBITDA. Operating profit for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 234.00 Td (segment reporting, disclosed below) Tj ET Q q 0 0 0 rg BT 205.08 234.00 Td (, is revenues less operating costs excluding unallocated corporate expenses. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 220.80 Td (Segment operating expenses include allocations of certain centrally incurred costs such as employee benefits, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 207.60 Td (occupancy) Tj ET Q q 0 0 0 rg BT 96.31 207.60 Td (, information systems, accounting services, internal legal staf) Tj ET Q q 0 0 0 rg BT 364.93 207.60 Td (f, and human resources administration. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 194.40 Td (These costs are allocated based on actual usage or other appropriate methods, primarily number of employees. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 181.20 Td (Unallocated corporate expenses are corporate overhead expenses not directly attributable to the operating groups. In ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 168.00 Td (accordance with authoritative guidance on disclosures about segments of an enterprise and related information, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 154.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 89.72 154.80 Td ( is not presented below) Tj ET Q q 0 0 0 rg BT 190.43 154.80 Td (.) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (16) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 741.40 Td (The following table presents financial information by segment:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 658.70 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 658.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 658.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 658.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 658.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 658.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 658.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 658.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 658.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 628.70 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 628.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 628.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 628.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 628.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 628.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 628.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 628.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 628.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 598.70 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 598.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 598.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 598.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 598.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 598.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 598.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 598.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 598.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 568.70 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 568.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 568.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 568.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 568.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 568.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 568.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 568.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 568.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 538.70 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 538.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 538.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 538.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 538.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 538.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 538.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 538.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 538.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 508.70 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 508.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 508.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 508.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 508.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 508.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 508.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 508.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 508.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 478.70 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 478.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 478.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 478.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 478.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 478.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 478.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 478.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 478.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 448.70 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 448.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 448.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 448.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 448.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 448.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 448.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 448.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 448.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 418.70 236.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 418.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 418.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 418.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 418.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 418.70 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 418.70 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 418.70 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 418.70 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 717.7 m 285.5 717.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 717.7 m 345.5 717.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 717.7 m 355.5 717.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 717.7 m 415.5 717.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 717.7 m 423.5 717.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 717.7 m 423.5 702.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 717.7 m 431.5 717.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 717.7 m 491.5 717.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 717.7 m 501.5 717.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 717.7 m 561.5 717.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 687.7 m 285.5 687.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 702.7 m 345.5 702.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 687.7 m 345.5 687.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 702.7 m 355.5 702.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 687.7 m 355.5 687.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 702.7 m 415.5 702.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 687.7 m 415.5 687.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 702.7 m 423.5 687.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 687.7 m 423.5 687.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 687.7 m 431.5 687.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 702.7 m 491.5 702.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 687.7 m 491.5 687.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 702.7 m 501.5 702.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 687.7 m 501.5 687.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 702.7 m 561.5 702.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 687.7 m 561.5 687.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 687.7 m 423.5 673.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 673.7 m 423.5 658.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 658.7 m 423.5 643.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 628.7 m 285.5 628.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 628.7 m 345.5 628.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 628.7 m 415.5 628.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 643.7 m 423.5 628.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 628.7 m 491.5 628.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 628.7 m 561.5 628.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 613.7 m 285.5 613.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 628.7 m 345.5 628.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 613.7 m 345.5 613.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 628.7 m 355.5 628.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 613.7 m 355.5 613.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 628.7 m 415.5 628.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 613.7 m 415.5 613.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 628.7 m 423.5 628.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 613.7 m 423.5 613.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 628.7 m 423.5 613.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 628.7 m 431.5 628.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 613.7 m 431.5 613.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 628.7 m 491.5 628.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 613.7 m 491.5 613.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 628.7 m 501.5 628.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 613.7 m 501.5 613.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 628.7 m 561.5 628.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 613.7 m 561.5 613.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 613.7 m 423.5 598.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 598.7 m 423.5 583.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 583.7 m 423.5 568.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 568.7 m 423.5 553.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 538.7 m 285.5 538.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 538.7 m 345.5 538.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 538.7 m 355.5 538.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 538.7 m 415.5 538.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 553.7 m 423.5 538.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 538.7 m 345.5 538.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 538.7 m 355.5 538.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 538.7 m 415.5 538.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 538.7 m 423.5 538.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 538.7 m 423.5 523.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 538.7 m 431.5 538.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 538.7 m 491.5 538.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 538.7 m 501.5 538.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 538.7 m 561.5 538.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 523.7 m 423.5 508.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 508.7 m 285.5 508.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 493.7 m 285.5 493.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 508.7 m 345.5 508.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 493.7 m 345.5 493.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 508.7 m 355.5 508.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 493.7 m 355.5 493.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 508.7 m 415.5 508.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 493.7 m 415.5 493.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 508.7 m 423.5 508.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 493.7 m 423.5 493.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 508.7 m 423.5 493.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 508.7 m 431.5 508.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 493.7 m 431.5 493.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 508.7 m 491.5 508.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 493.7 m 491.5 493.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 508.7 m 501.5 508.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 493.7 m 501.5 493.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 508.7 m 561.5 508.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 493.7 m 561.5 493.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 493.7 m 423.5 478.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 478.7 m 423.5 463.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 463.7 m 423.5 448.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 448.7 m 423.5 433.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 418.7 m 285.5 418.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 418.7 m 345.5 418.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 418.7 m 355.5 418.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 418.7 m 415.5 418.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 418.7 m 423.5 418.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 433.7 m 423.5 418.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 418.7 m 431.5 418.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 418.7 m 491.5 418.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 418.7 m 501.5 418.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 418.7 m 561.5 418.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 403.7 m 285.5 403.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 418.7 m 345.5 418.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 403.7 m 345.5 403.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 403.7 m 355.5 403.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 418.7 m 415.5 418.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 403.7 m 415.5 403.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 418.7 m 423.5 418.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 403.7 m 423.5 403.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 418.7 m 423.5 403.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 418.7 m 431.5 418.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 403.7 m 431.5 403.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 418.7 m 491.5 418.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 403.7 m 491.5 403.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 418.7 m 501.5 418.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 403.7 m 501.5 403.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 418.7 m 561.5 418.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 403.7 m 561.5 403.7 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.65 707.38 Td (Three Months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.35 707.38 Td (Nine Months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 692.38 Td (Periods ended March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.00 692.38 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.00 692.38 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.00 692.38 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.00 692.38 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 678.15 Td (\(In thousands\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.00 663.60 Td (Revenues) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 648.57 Td (National media) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 119.75 648.57 Td (...........................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 288.00 648.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 305.50 648.57 Td (283,351) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 358.00 648.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 375.50 648.57 Td (281,843) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 434.00 648.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.50 648.57 Td (789,989) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 504.00 648.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.50 648.57 Td (806,569) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 633.57 Td (Local media) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.75 633.57 Td (...............................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 305.50 633.57 Td (142,069) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 375.50 633.57 Td (140,928) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.50 633.57 Td (477,952) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.50 633.57 Td (407,281) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 618.57 Td (Total revenues) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 117.00 618.57 Td (............................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 288.00 618.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 305.50 618.57 Td (425,420) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 358.00 618.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 375.50 618.57 Td (422,771) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 434.00 618.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 443.25 618.57 Td (1,267,941) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 504.00 618.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 513.25 618.57 Td (1,213,850) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.00 588.60 Td (Segment profit) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 573.57 Td (National media) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 119.75 573.57 Td (...........................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 288.00 573.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 311.00 573.57 Td (41,314) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 358.00 573.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 381.00 573.57 Td (34,781) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 434.00 573.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.50 573.57 Td (112,182) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 504.00 573.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 527.00 573.57 Td (91,167) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 558.57 Td (Local media) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.75 558.57 Td (...............................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 311.00 558.57 Td (41,164) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 381.00 558.57 Td (46,150) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.50 558.57 Td (168,601) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.50 558.57 Td (115,918) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 543.57 Td (Unallocated corporate) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 150.00 543.57 Td (................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 307.35 543.57 Td (\(12,450) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 341.30 543.57 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 381.00 543.57 Td (47,107) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.35 543.57 Td (\(40,168) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.30 543.57 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 527.00 543.57 Td (10,078) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 528.57 Td (Income from operations) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 158.25 528.57 Td (.............................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 311.00 528.57 Td (70,028) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 375.50 528.57 Td (128,038) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.50 528.57 Td (240,615) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.50 528.57 Td (217,163) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 513.57 Td (Interest expense, net) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.50 513.57 Td (..................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 312.85 513.57 Td (\(4,581) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 341.30 513.57 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 382.85 513.57 Td (\(5,104) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 411.30 513.57 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.35 513.57 Td (\(14,009) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.30 513.57 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 523.35 513.57 Td (\(15,682) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 557.30 513.57 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 498.57 Td (Earnings before income taxes) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 183.00 498.57 Td (....................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 288.00 498.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 311.00 498.57 Td (65,447) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 358.00 498.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 375.50 498.57 Td (122,934) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 434.00 498.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.50 498.57 Td (226,606) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 504.00 498.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.50 498.57 Td (201,481) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.00 468.60 Td (Depreciation and amortization) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 453.57 Td (National media) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 119.75 453.57 Td (...........................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 288.00 453.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 316.55 453.57 Td (4,516) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 358.00 453.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 386.55 453.57 Td (4,663) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 434.00 453.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 457.00 453.57 Td (13,364) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 504.00 453.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 527.00 453.57 Td (14,061) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 438.57 Td (Local media) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.75 438.57 Td (...............................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 316.55 438.57 Td (8,439) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 386.55 438.57 Td (9,425) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 457.00 438.57 Td (26,294) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 527.00 438.57 Td (29,019) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 423.57 Td (Unallocated corporate) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 150.00 423.57 Td (................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 324.80 423.57 Td (349) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 394.80 423.57 Td (525) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 462.55 423.57 Td (1,091) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 532.55 423.57 Td (1,599) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 408.57 Td (Total depreciation and amortization) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 210.50 408.57 Td (..........................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 288.00 408.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 311.00 408.57 Td (13,304) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 358.00 408.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 381.00 408.57 Td (14,613) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 434.00 408.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 457.00 408.57 Td (40,749) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 504.00 408.57 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 527.00 408.57 Td (44,679) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (17) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 53.00 738.40 Td (Item 2.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 106.00 738.55 Td (Management's Discussion and Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 681.20 Td (Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 185.49 681.20 Td (Analysis of Financial Condition and Results of Operations \(MD&A\) contains ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 668.00 Td (forward-looking statements within the meaning of the Private Securities Litigation Reform ) Tj ET Q q 0 0 0 rg BT 451.71 668.00 Td (Act of 1995. ) Tj ET Q q 0 0 0 rg BT 509.56 668.00 Td (These ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 654.80 Td (statements are based upon management's current expectations and are subject to various uncertainties and changes ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 641.65 Td (in circumstances. Important factors that could cause actual results to dif) Tj ET Q q 0 0 0 rg BT 365.33 641.65 Td (fer materially from those described in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 628.40 Td (forward-looking statements are set forth below under the heading Forward Looking Statements.") Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 241.00 579.20 Td (EXECUTIVE OVER) Tj ET Q q 0 0 0 rg BT 340.55 579.20 Td (VIEW) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 552.80 Td (Meredith Corporation has been committed to service journalism for 1) Tj ET Q q 0 0 0 rg BT 355.37 552.80 Td (15 years. ) Tj ET Q q 0 0 0 rg BT 397.63 552.80 Td (T) Tj ET Q q 0 0 0 rg BT 403.58 552.80 Td (oday) Tj ET Q q 0 0 0 rg BT 424.25 552.80 Td (, Meredith uses multiple ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 539.60 Td (distribution platformsincluding broadcast television, print, digital, mobile, tablets, and videoto provide ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 526.45 Td (consumers with content they desire and to deliver the messages of its advertising and marketing partners.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 500.05 Td (Meredith operates two business segments: local media and national media. ) Tj ET Q q 0 0 0 rg BT 383.99 500.05 Td (The local media segment includes 17 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 486.85 Td (owned and operated television stations reaching 1) Tj ET Q q 0 0 0 rg BT 268.92 486.85 Td (1 percent of United States \(U.S.\) households. Meredith) Tj ET Q q 0 0 0 rg BT 513.92 486.85 Td (s portfolio ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 473.65 Td (is concentrated in lar) Tj ET Q q 0 0 0 rg BT 141.73 473.65 Td (ge, fast-growing markets, with seven stations in the nation) Tj ET Q q 0 0 0 rg BT 401.40 473.65 Td (s ) Tj ET Q q 0 0 0 rg BT 408.24 473.65 Td (T) Tj ET Q q 0 0 0 rg BT 414.19 473.65 Td (op 25 marketsincluding ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 460.45 Td (Atlanta, Phoenix, St. Louis, and Portlandand 13 in ) Tj ET Q q 0 0 0 rg BT 285.06 460.45 Td (T) Tj ET Q q 0 0 0 rg BT 291.01 460.45 Td (op 50 markets. Meredith) Tj ET Q q 0 0 0 rg BT 402.21 460.45 Td (s stations produce nearly 700 hours ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 447.25 Td (of local news and entertainment content each week, and operate leading local digital destinations.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 420.85 Td (Our national media segment reaches 1) Tj ET Q q 0 0 0 rg BT 217.89 420.85 Td (10 million unduplicated women and more than 70 percent of ) Tj ET Q q 0 0 0 rg BT 486.71 420.85 Td (American ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 407.65 Td (millennial women. Meredith is the leader at creating content across media platforms in key consumer interest areas ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 394.45 Td (such as food, home, parenting, and lifestyle through well-known brands such as Better Homes and Gardens, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 381.25 Td (Allrecipes, Parents, and Shape. ) Tj ET Q q 0 0 0 rg BT 189.40 381.25 Td (The national media segment features robust brand licensing activities, including ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 368.05 Td (more than 3,000 SKUs of branded products at 5,000 ) Tj ET Q q 0 0 0 rg BT 282.29 368.05 Td (W) Tj ET Q q 0 0 0 rg BT 291.79 368.05 Td (almart stores across the U.S. Meredith Xcelerated Marketing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 354.85 Td (\(MXM\) is a leader at developing and delivering custom content and customer relationship marketing programs for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 341.65 Td (many of the world) Tj ET Q q 0 0 0 rg BT 134.01 341.65 Td (s top brands.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 315.25 Td (Both segments operate primarily in the U.S. and compete against similar media and other types of media on both a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 302.05 Td (local and national basis. ) Tj ET Q q 0 0 0 rg BT 158.24 302.05 Td (The national media segment accounted for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 348.22 302.05 Td (62 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 394.34 302.05 Td ( of the Company's ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 476.98 302.05 Td ($1.3 billion) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 527.71 302.05 Td ( in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 288.85 Td (revenues in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 139.80 288.85 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 193.89 288.85 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 208.55 288.85 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 257.12 288.85 Td ( while the local media segment contributed ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 449.25 288.85 Td (38 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 495.37 288.85 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 249.25 Td (LOCAL) Tj ET Q q 0 0 0 rg BT 88.51 249.25 Td ( MEDIA) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 222.85 Td (Local media derives the majority of its revenues) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 273.29 222.85 Td (67 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 319.40 222.85 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 370.12 222.85 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 424.20 222.85 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 438.86 222.85 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.43 222.85 Td (from the sale ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 209.65 Td (of advertising, both over the air and on our stations' websites and apps. ) Tj ET Q q 0 0 0 rg BT 364.30 209.65 Td (The remainder comes from television ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 196.45 Td (retransmission fees, station operation management fees, and other services. Political advertising revenues are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 183.20 Td (cyclical in that they are significantly greater during biennial election campaigns \(which take place primarily in odd-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 170.00 Td (numbered fiscal years\) than at other times. Local media's major expense categories are employee compensation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 156.80 Td (costs and programming fees paid to the networks.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 117.20 Td (NA) Tj ET Q q 0 0 0 rg BT 65.07 117.20 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 107.86 117.20 Td ( MEDIA) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 90.80 Td (Advertising revenues represented ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 199.97 90.80 Td (49 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 246.09 90.80 Td ( of national media's first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 355.29 90.80 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 409.37 90.80 Td (' revenues. ) Tj ET Q q 0 0 0 rg BT 458.50 90.80 Td (These revenues were ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 77.60 Td (generated from the sale of advertising space in our magazines and on our websites and apps to clients interested in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 64.40 Td (promoting their brands, products, and services to consumers. Circulation revenues accounted for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 477.35 64.40 Td (29 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 523.47 64.40 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 51.20 Td (national media's first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.54 51.20 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 198.62 51.20 Td (' revenues. Circulation revenues result from the sale of magazines to consumers ) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (18) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 741.40 Td (through subscriptions and by single copy sales on newsstands in print form, primarily at major retailers and grocery/) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.20 Td (drug stores, and in digital form on tablets and other media devices. ) Tj ET Q q 0 0 0 rg BT 346.11 728.20 Td (The remaining ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 413.31 728.20 Td (22 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 459.43 728.20 Td ( of national media's ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.00 Td (revenues came from a variety of activities which included the sale of customer relationship marketing products and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 701.80 Td (services as well as brand licensing, product sales, and other related activities. National media's major expense ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.60 Td (categories are production and delivery of publications and promotional mailings and employee compensation costs.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 649.00 Td (FIRST) Tj ET Q q 0 0 0 rg BT 82.20 649.00 Td ( NINE MONTHS FISCAL) Tj ET Q q 0 0 0 rg BT 206.58 649.00 Td ( 2017 FINANCIAL) Tj ET Q q 0 0 0 rg BT 295.81 649.00 Td ( OVER) Tj ET Q q 0 0 0 rg BT 329.96 649.00 Td (VIEW) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 68.00 622.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 622.60 Td (Local media revenues increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 229.54 622.60 Td (17 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 275.65 622.60 Td ( and operating profit rose ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 389.59 622.60 Td (45 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 435.71 622.60 Td ( compared to the prior) Tj ET Q q 0 0 0 rg BT 533.23 622.60 Td (-year ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 609.40 Td (period reflecting increased cyclical political advertising and higher retransmission revenues.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 68.00 583.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 583.00 Td (National media revenues declined ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 238.10 583.00 Td (2 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 278.72 583.00 Td ( compared to the prior) Tj ET Q q 0 0 0 rg BT 376.24 583.00 Td (-year period as declines in the revenues of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 569.80 Td (our magazine operations of $30.9 million, our MXM operations of $5.6 million, and our brand licensing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 556.60 Td (operations of $5.0 million more than of) Tj ET Q q 0 0 0 rg BT 259.02 556.60 Td (fset increased revenues in our digital operations of $23.0 million. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 543.40 Td (Approximately 40 percent of the decline in magazine operation revenues was due to the closure of ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 521.56 543.40 Td (MORE) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 552.11 543.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 530.20 Td (magazine ef) Tj ET Q q 0 0 0 rg BT 139.24 530.20 Td (fective following the ) Tj ET Q q 0 0 0 rg BT 233.02 530.20 Td (April 2016 issue. National media operating profit increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 497.25 530.20 Td (23 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 543.36 530.20 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 517.00 Td (primarily due to growth in the operating profit of our digital operations of $20.9 million and a reduction in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 503.80 Td (previously accrued contingent consideration payable of $19.6 million partially of) Tj ET Q q 0 0 0 rg BT 442.59 503.80 Td (fset by declines in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 490.60 Td (operating profit of our magazine operations of $7.7 million, our brand licensing operations of $5.5 million, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 477.40 Td (and MXM's operations of $5.3 million.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 68.00 451.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 451.00 Td (Due to the resolution of certain federal and state tax matters, income taxes were reduced by $6.7 million in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 437.80 Td (the second quarter of fiscal 2017.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 68.00 411.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 411.40 Td (Diluted earnings per share increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 248.79 411.40 Td (17 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 294.91 411.40 Td ( to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 308.96 411.40 Td ($3.20) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 333.71 411.40 Td ( from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 360.60 411.40 Td ($2.74) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 385.35 411.40 Td ( in the prior) Tj ET Q q 0 0 0 rg BT 436.75 411.40 Td (-year first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 482.56 411.40 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 536.65 411.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 398.20 Td (primarily due to the increase in political advertising and retransmission revenues, the reduction in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 385.00 Td (previously accrued contingent consideration payable, and the credit to income taxes. Prior) Tj ET Q q 0 0 0 rg BT 481.95 385.00 Td (-year earnings per ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 371.80 Td (share was impacted by the income received from the termination of the mer) Tj ET Q q 0 0 0 rg BT 418.73 371.80 Td (ger and mer) Tj ET Q q 0 0 0 rg BT 471.06 371.80 Td (ger) Tj ET Q q 0 0 0 rg BT 484.88 371.80 Td (-related expenses ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 358.60 Td (incurred by the Company in the first nine months of fiscal 2016.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 235.25 319.00 Td (RESUL) Tj ET Q q 0 0 0 rg BT 270.92 319.00 Td (TS OF) Tj ET Q q 0 0 0 rg BT 301.99 319.00 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 342.42 319.00 Td (TIONS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 266.30 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 266.30 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 266.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 266.30 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 266.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 266.30 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 236.30 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 236.30 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 236.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 236.30 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 236.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 236.30 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 206.30 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 206.30 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 206.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 206.30 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 206.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 206.30 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 147.30 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 147.30 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 147.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 147.30 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 147.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 147.30 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 117.30 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 117.30 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 117.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 117.30 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 117.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 117.30 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 87.30 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 87.30 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 87.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 87.30 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 87.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 87.30 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 295.29999999999995 m 369.5 295.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 280.29999999999995 m 369.5 280.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 295.29999999999995 m 433.5 295.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 280.29999999999995 m 433.5 280.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 295.29999999999995 m 443.5 295.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 280.29999999999995 m 443.5 280.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 295.29999999999995 m 507.5 295.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 280.29999999999995 m 507.5 280.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 295.29999999999995 m 515.5 295.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 280.29999999999995 m 515.5 280.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 295.29999999999995 m 561.5 295.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 280.29999999999995 m 561.5 280.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 236.29999999999995 m 369.5 236.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 236.29999999999995 m 433.5 236.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 236.29999999999995 m 443.5 236.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 236.29999999999995 m 507.5 236.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 236.29999999999995 m 515.5 236.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 221.29999999999995 m 369.5 221.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 221.29999999999995 m 433.5 221.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 221.29999999999995 m 443.5 221.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 236.29999999999995 m 507.5 236.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 221.29999999999995 m 507.5 221.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 221.29999999999995 m 515.5 221.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 191.29999999999995 m 369.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 191.29999999999995 m 433.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 191.29999999999995 m 443.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 191.29999999999995 m 507.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 191.29999999999995 m 515.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 191.29999999999995 m 561.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 191.29999999999995 m 369.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 191.29999999999995 m 433.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 191.29999999999995 m 443.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 191.29999999999995 m 507.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 191.29999999999995 m 515.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 191.29999999999995 m 561.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 176.29999999999995 m 369.5 176.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 161.29999999999995 m 369.5 161.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 176.29999999999995 m 433.5 176.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 161.29999999999995 m 433.5 161.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 176.29999999999995 m 443.5 176.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 161.29999999999995 m 443.5 161.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 176.29999999999995 m 507.5 176.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 161.29999999999995 m 507.5 161.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 176.29999999999995 m 515.5 176.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 161.29999999999995 m 515.5 161.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 176.29999999999995 m 561.5 176.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 161.29999999999995 m 561.5 161.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 161.29999999999995 m 561.5 161.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 117.29999999999995 m 369.5 117.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 117.29999999999995 m 433.5 117.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 117.29999999999995 m 443.5 117.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 117.29999999999995 m 507.5 117.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 117.29999999999995 m 515.5 117.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 102.29999999999995 m 369.5 102.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 102.29999999999995 m 433.5 102.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 102.29999999999995 m 443.5 102.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 117.29999999999995 m 507.5 117.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 102.29999999999995 m 507.5 102.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 102.29999999999995 m 515.5 102.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 72.29999999999995 m 369.5 72.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 72.29999999999995 m 433.5 72.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 72.29999999999995 m 443.5 72.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 72.29999999999995 m 507.5 72.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 72.29999999999995 m 515.5 72.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 72.29999999999995 m 561.5 72.29999999999995 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 284.98 Td (Three months ended March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.00 284.98 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.00 284.98 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.20 284.98 Td (Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 270.75 Td (\(In thousands except per share data\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 256.17 Td (Total revenues) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 118.50 256.17 Td (..........................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 372.00 256.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 393.50 256.17 Td (425,420) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 446.00 256.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 467.50 256.17 Td (422,771) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 542.65 256.17 Td (1) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 256.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 241.17 Td (Operating expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 140.50 241.17 Td (..................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 389.85 241.17 Td (\(355,392) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 429.30 241.17 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 463.85 241.17 Td (\(294,733) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 503.30 241.17 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.15 241.17 Td (21) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 241.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 226.17 Td (Income from operations) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 159.75 226.17 Td (...........................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 372.00 226.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.00 226.17 Td (70,028) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 446.00 226.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 467.50 226.17 Td (128,038) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 533.45 226.17 Td (\(45) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 548.15 226.17 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 211.17 Td (Net earnings) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 110.25 211.17 Td (.............................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 372.00 211.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.00 211.17 Td (39,781) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 446.00 211.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.00 211.17 Td (80,904) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 533.45 211.17 Td (\(51) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 548.15 211.17 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 196.17 Td (Diluted earnings per share) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 168.00 196.17 Td (........................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 410.05 196.17 Td (0.87) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 484.05 196.17 Td (1.79) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 533.45 196.17 Td (\(51) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 548.15 196.17 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 165.98 Td (Nine months ended March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.00 165.98 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.00 165.98 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.20 165.98 Td (Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 151.75 Td (\(In thousands except per share data\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 137.17 Td (Total revenues) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 118.50 137.17 Td (..........................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 372.00 137.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 385.25 137.17 Td (1,267,941) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 446.00 137.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 459.25 137.17 Td (1,213,850) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 542.65 137.17 Td (4) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 137.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 122.17 Td (Operating expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 140.50 122.17 Td (..................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 381.60 122.17 Td (\(1,027,326) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 429.30 122.17 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 463.85 122.17 Td (\(996,687) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 503.30 122.17 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 542.65 122.17 Td (3) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 122.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 107.17 Td (Income from operations) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 159.75 107.17 Td (...........................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 372.00 107.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 393.50 107.17 Td (240,615) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 446.00 107.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 467.50 107.17 Td (217,163) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.15 107.17 Td (11) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 107.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 92.17 Td (Net earnings) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 110.25 92.17 Td (.............................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 372.00 92.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 393.50 92.17 Td (145,559) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 446.00 92.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 467.50 92.17 Td (124,452) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.15 92.17 Td (17) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 92.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 77.17 Td (Diluted earnings per share) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 168.00 77.17 Td (........................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 410.05 77.17 Td (3.20) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 484.05 77.17 Td (2.74) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.15 77.17 Td (17) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 77.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (19) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 741.40 Td (The following sections provide an analysis of the results of operations for the local media and national media ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.20 Td (segments and an analysis of the consolidated results of operations for the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 373.81 728.20 Td (three and nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 471.25 728.20 Td ( ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 503.02 728.20 Td (March31, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.00 Td (2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 715.00 Td (, compared with the prior) Tj ET Q q 0 0 0 rg BT 183.27 715.00 Td (-year periods. ) Tj ET Q q 0 0 0 rg BT 246.30 715.00 Td (This commentary should be read in conjunction with the interim ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 701.80 Td (condensed consolidated financial statements presented elsewhere in this report and with our ) Tj ET Q q 0 0 0 rg BT 456.26 701.80 Td (Annual Report on ) Tj ET Q BT /F1 11.00 Tf ET /GS0 gs q 54.30 0 0 11.00 50.00 686.23 cm /I18 Do Q /GS0 gs q 61.62 0 0 11.00 104.30 686.23 cm /I19 Do Q q 0 0 0 rg BT 165.92 688.60 Td (for ) Tj ET Q q 0 0 0 rg BT 181.50 688.60 Td (the ) Tj ET Q q 0 0 0 rg BT 197.68 688.60 Td (year ) Tj ET Q q 0 0 0 rg BT 219.36 688.60 Td (ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 248.38 688.60 Td (June30, 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 309.79 688.60 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 651.40 Td (LOCAL) Tj ET Q q 0 0 0 rg BT 88.51 651.40 Td ( MEDIA) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 625.00 Td (Local media operating results were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 572.30 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 572.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 572.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 572.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 572.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 572.30 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 542.30 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 542.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 542.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 542.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 542.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 542.30 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 512.30 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 512.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 512.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 512.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 512.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 512.30 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 482.30 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 482.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 482.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 482.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 482.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 423.30 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 423.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 423.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 423.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 423.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 423.30 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 393.30 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 393.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 393.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 393.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 393.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 393.30 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 363.30 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 363.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 363.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 363.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 363.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 363.30 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 333.30 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 333.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 333.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 333.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 333.30 8.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 601.3 m 365.5 601.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 586.3 m 365.5 586.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 601.3 m 427.5 601.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 586.3 m 427.5 586.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 601.3 m 437.5 601.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 586.3 m 437.5 586.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 601.3 m 499.5 601.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 586.3 m 499.5 586.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 601.3 m 507.5 601.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 586.3 m 507.5 586.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 601.3 m 561.5 601.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 586.3 m 561.5 586.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 527.3 m 365.5 527.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 527.3 m 427.5 527.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 527.3 m 437.5 527.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 527.3 m 499.5 527.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 527.3 m 507.5 527.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 497.3 m 365.5 497.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 497.3 m 427.5 497.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 497.3 m 437.5 497.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 497.3 m 499.5 497.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 497.3 m 507.5 497.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 482.3 m 365.5 482.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 482.3 m 427.5 482.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 482.3 m 437.5 482.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 497.3 m 499.5 497.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 482.3 m 499.5 482.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 482.3 m 507.5 482.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 467.3 m 365.5 467.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 467.3 m 427.5 467.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 467.3 m 437.5 467.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 467.3 m 499.5 467.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 467.3 m 507.5 467.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 482.3 m 561.5 482.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 452.3 m 365.5 452.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 437.3 m 365.5 437.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 452.3 m 427.5 452.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 437.3 m 427.5 437.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 452.3 m 437.5 452.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 437.3 m 437.5 437.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 452.3 m 499.5 452.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 437.3 m 499.5 437.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 452.3 m 507.5 452.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 437.3 m 507.5 437.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 452.3 m 561.5 452.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 437.3 m 561.5 437.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 378.3 m 365.5 378.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 378.3 m 427.5 378.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 378.3 m 437.5 378.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 378.3 m 499.5 378.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 378.3 m 507.5 378.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 348.3 m 365.5 348.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 348.3 m 427.5 348.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 348.3 m 437.5 348.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 348.3 m 499.5 348.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 348.3 m 507.5 348.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 333.3 m 365.5 333.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 348.3 m 427.5 348.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 333.3 m 427.5 333.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 348.3 m 437.5 348.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 333.3 m 437.5 333.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 348.3 m 499.5 348.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 333.3 m 499.5 333.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 333.3 m 507.5 333.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 333.3 m 561.5 333.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 318.3 m 365.5 318.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 318.3 m 427.5 318.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 318.3 m 437.5 318.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 318.3 m 499.5 318.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 318.3 m 507.5 318.3 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 590.98 Td (Three months ended March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.00 590.98 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.00 590.98 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.20 590.98 Td (Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 576.75 Td (\(In thousands\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 562.17 Td (Non-political advertising) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 164.00 562.17 Td (........................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 368.00 562.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 387.50 562.17 Td (84,481) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 440.00 562.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 459.50 562.17 Td (90,939) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 538.95 562.17 Td (\(7) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 548.15 562.17 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 547.17 Td (Political advertising) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 142.00 547.17 Td (................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 393.00 547.17 Td (1,682) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 465.00 547.17 Td (5,618) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 533.45 547.17 Td (\(70) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 548.15 547.17 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 532.17 Td (Other) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 78.75 532.17 Td (.......................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 387.50 532.17 Td (55,906) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 459.50 532.17 Td (44,371) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.15 532.17 Td (26) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 532.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 517.17 Td (Total revenues) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 117.25 517.17 Td (.........................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 382.00 517.17 Td (142,069) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 454.00 517.17 Td (140,928) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 542.65 517.17 Td (1) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 517.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 502.17 Td (Operating expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 139.25 502.17 Td (.................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.35 502.17 Td (\(100,905) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 417.80 502.17 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 455.85 502.17 Td (\(94,778) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 489.80 502.17 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 542.65 502.17 Td (6) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 502.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 487.17 Td (Operating profit) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 125.50 487.17 Td (......................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 368.00 487.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 387.50 487.17 Td (41,164) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 440.00 487.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 459.50 487.17 Td (46,150) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 533.45 487.17 Td (\(11) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 548.15 487.17 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 472.17 Td (Operating profit margin) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 158.50 472.17 Td (..........................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 398.55 472.17 Td (29.0) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 417.80 472.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 470.55 472.17 Td (32.7) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 489.80 472.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 441.98 Td (Nine months ended March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.00 441.98 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.00 441.98 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.20 441.98 Td (Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 427.75 Td (\(In thousands\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 413.17 Td (Non-political advertising) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 164.00 413.17 Td (........................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 368.00 413.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 382.00 413.17 Td (260,623) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 440.00 413.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 454.00 413.17 Td (283,806) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 538.95 413.17 Td (\(8) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 548.15 413.17 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 398.17 Td (Political advertising) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 142.00 398.17 Td (................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 387.50 398.17 Td (58,103) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 465.00 398.17 Td (8,536) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 531.65 398.17 Td (581) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 398.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 383.17 Td (Other) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 78.75 383.17 Td (.......................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 382.00 383.17 Td (159,226) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 454.00 383.17 Td (114,939) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.15 383.17 Td (39) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 383.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 368.17 Td (Total revenues) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 117.25 368.17 Td (.........................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 382.00 368.17 Td (477,952) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 454.00 368.17 Td (407,281) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.15 368.17 Td (17) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 368.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 353.17 Td (Operating expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 139.25 353.17 Td (.................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.35 353.17 Td (\(309,351) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 417.80 353.17 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 450.35 353.17 Td (\(291,363) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 489.80 353.17 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 542.65 353.17 Td (6) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 353.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 338.17 Td (Operating profit) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 125.50 338.17 Td (......................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 368.00 338.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 382.00 338.17 Td (168,601) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 440.00 338.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 454.00 338.17 Td (115,918) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.15 338.17 Td (45) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 338.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 323.17 Td (Operating profit margin) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 158.50 323.17 Td (..........................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 398.55 323.17 Td (35.3) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 417.80 323.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 470.55 323.17 Td (28.5) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 489.80 323.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 293.60 Td (Revenues) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 280.40 Td (Local media revenues increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 193.54 280.40 Td (1 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 234.15 280.40 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 264.40 280.40 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 319.07 280.40 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 340.45 280.40 Td (17 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 386.57 280.40 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 437.28 280.40 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 491.36 280.40 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 506.03 280.40 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 554.60 280.40 Td (. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 267.20 Td (Political advertising revenues totaled ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 215.56 267.20 Td ($1.7 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 269.34 267.20 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 299.59 267.20 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 354.26 267.20 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 375.64 267.20 Td ($58.1 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 434.92 267.20 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 485.64 267.20 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 539.72 267.20 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 254.00 Td (the current fiscal year compared with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 216.76 254.00 Td ($5.6 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 270.54 254.00 Td ( in the prior) Tj ET Q q 0 0 0 rg BT 321.94 254.00 Td (-year ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 347.28 254.00 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 401.96 254.00 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 423.34 254.00 Td ($8.5 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 477.12 254.00 Td ( in the prior) Tj ET Q q 0 0 0 rg BT 528.53 254.00 Td (-year ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 240.80 Td (nine-month period) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 131.57 240.80 Td (. Fluctuations in political advertising revenues at our stations and throughout the broadcasting ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 227.60 Td (industry generally follow the biennial cycle of election campaigns. Political advertising displaces a certain amount ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 214.40 Td (of non-political advertising; therefore, the revenues are not entirely incremental. Non-political advertising revenues ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 201.20 Td (decreased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 96.11 201.20 Td (7 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 136.72 201.20 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 166.97 201.20 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 221.64 201.20 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 243.02 201.20 Td (8 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 283.64 201.20 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 334.35 201.20 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 388.43 201.20 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 403.10 201.20 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.67 201.20 Td (. Local non-political ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 188.00 Td (advertising revenues declined 5 percent in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 254.34 188.00 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 309.01 188.00 Td ( and 8 percent in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 421.72 188.00 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 475.80 188.00 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 490.47 188.00 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 539.04 188.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 174.80 Td (while national non-political advertising revenues decreased 14 percent in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 390.26 174.80 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 444.94 174.80 Td ( and 12 percent in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 161.60 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 104.08 161.60 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 118.74 161.60 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 167.32 161.60 Td (. Digital advertising, a component of non-political advertising revenues, increased 9 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 148.40 Td (percent in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 112.61 148.40 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 167.28 148.40 Td ( and 16 percent in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 285.50 148.40 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 339.58 148.40 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 354.24 148.40 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 402.81 148.40 Td ( as a series of growth strategies ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 135.20 Td (continued to drive higher advertising rates across the station group.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 108.80 Td (Other revenues grew ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.38 108.80 Td (26 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 190.49 108.80 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 220.74 108.80 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 275.41 108.80 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 290.07 108.80 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 338.64 108.80 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 360.02 108.80 Td (39 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 406.14 108.80 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.39 108.80 Td (nine-month period) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 517.95 108.80 Td ( primarily ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 95.60 Td (due to increased retransmission fees.) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (20) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 741.60 Td (Operating Expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.40 Td (Local media operating expenses increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 238.44 728.40 Td (6 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 279.06 728.40 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 309.31 728.40 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 363.98 728.40 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.64 728.40 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 427.21 728.40 Td ( primarily due to higher ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.20 Td (programming fees paid to af) Tj ET Q q 0 0 0 rg BT 174.43 715.20 Td (filiated networks. Local media operating expenses increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 442.60 715.20 Td (6 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 483.22 715.20 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 533.93 715.20 Td (nine ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 702.00 Td (months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 82.39 702.00 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 97.06 702.00 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 145.63 702.00 Td ( primarily due to higher programming fees paid to af) Tj ET Q q 0 0 0 rg BT 377.28 702.00 Td (filiated networks of $16.2 million and the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.80 Td (write-down of cost-method investments of $1.7 million.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 662.40 Td (Operating Pr) Tj ET Q q 0 0 0 rg BT 112.43 662.40 Td (ofit) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 649.20 Td (Local media operating profit decreased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 225.00 649.20 Td (1) Tj ET Q q 0 0 0 rg BT 230.09 649.20 Td (1 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 270.71 649.20 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 300.95 649.20 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 355.63 649.20 Td ( as compared to the third quarter of fiscal 2016 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 636.00 Td (primarily due to reductions in cyclical political advertising and higher programming fees. Local media operating ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 622.80 Td (profit increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 121.47 622.80 Td (45 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 167.58 622.80 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 218.30 622.80 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 272.38 622.80 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 287.04 622.80 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 335.61 622.80 Td ( compared with the prior) Tj ET Q q 0 0 0 rg BT 444.14 622.80 Td (-year period primarily ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 609.60 Td (reflecting the increase in higher) Tj ET Q q 0 0 0 rg BT 189.05 609.60 Td (-mar) Tj ET Q q 0 0 0 rg BT 209.61 609.60 Td (gin political advertising and retransmission revenues.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 570.00 Td (NA) Tj ET Q q 0 0 0 rg BT 65.07 570.00 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 107.86 570.00 Td ( MEDIA) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 544.80 Td (National media operating results were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 493.30 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 493.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 493.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 493.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 493.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 493.30 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 463.30 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 463.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 463.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 463.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 463.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 463.30 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 433.30 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 433.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 433.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 433.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 433.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 433.30 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 403.30 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 403.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 403.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 403.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 403.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 343.30 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 343.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 343.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 343.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 343.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 343.30 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 313.30 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 313.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 313.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 313.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 313.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 313.30 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 283.30 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 283.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 283.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 283.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 283.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 283.30 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 253.30 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 253.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 253.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 253.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 253.30 8.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 522.3 m 369.5 522.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 507.29999999999995 m 369.5 507.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 522.3 m 431.5 522.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 507.29999999999995 m 431.5 507.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 522.3 m 441.5 522.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 507.29999999999995 m 441.5 507.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 522.3 m 503.5 522.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 507.29999999999995 m 503.5 507.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 522.3 m 511.5 522.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 507.29999999999995 m 511.5 507.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 522.3 m 561.5 522.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 507.29999999999995 m 561.5 507.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 448.29999999999995 m 369.5 448.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 448.29999999999995 m 431.5 448.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 448.29999999999995 m 441.5 448.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 448.29999999999995 m 503.5 448.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 448.29999999999995 m 511.5 448.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 418.29999999999995 m 369.5 418.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 418.29999999999995 m 431.5 418.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 418.29999999999995 m 441.5 418.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 418.29999999999995 m 503.5 418.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 418.29999999999995 m 511.5 418.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 403.29999999999995 m 369.5 403.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 418.29999999999995 m 431.5 418.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 403.29999999999995 m 431.5 403.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 403.29999999999995 m 441.5 403.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 418.29999999999995 m 503.5 418.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 403.29999999999995 m 503.5 403.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 403.29999999999995 m 511.5 403.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 403.29999999999995 m 561.5 403.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 388.29999999999995 m 369.5 388.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 388.29999999999995 m 431.5 388.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 388.29999999999995 m 441.5 388.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 388.29999999999995 m 503.5 388.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 388.29999999999995 m 511.5 388.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 373.29999999999995 m 369.5 373.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 358.29999999999995 m 369.5 358.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 373.29999999999995 m 431.5 373.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 358.29999999999995 m 431.5 358.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 373.29999999999995 m 441.5 373.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 358.29999999999995 m 441.5 358.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 373.29999999999995 m 503.5 373.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 358.29999999999995 m 503.5 358.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 373.29999999999995 m 511.5 373.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 358.29999999999995 m 511.5 358.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 373.29999999999995 m 561.5 373.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 358.29999999999995 m 561.5 358.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 298.29999999999995 m 369.5 298.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 298.29999999999995 m 431.5 298.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 298.29999999999995 m 441.5 298.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 298.29999999999995 m 503.5 298.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 298.29999999999995 m 511.5 298.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 298.29999999999995 m 431.5 298.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 298.29999999999995 m 503.5 298.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 268.29999999999995 m 369.5 268.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 268.29999999999995 m 431.5 268.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 268.29999999999995 m 441.5 268.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 268.29999999999995 m 503.5 268.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 268.29999999999995 m 511.5 268.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 253.29999999999995 m 369.5 253.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 268.29999999999995 m 431.5 268.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 253.29999999999995 m 431.5 253.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 253.29999999999995 m 441.5 253.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 268.29999999999995 m 503.5 268.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 253.29999999999995 m 503.5 253.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 253.29999999999995 m 511.5 253.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 253.29999999999995 m 561.5 253.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 238.29999999999995 m 369.5 238.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 238.29999999999995 m 431.5 238.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 238.29999999999995 m 441.5 238.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 238.29999999999995 m 503.5 238.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 238.29999999999995 m 511.5 238.29999999999995 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 511.98 Td (Three months ended March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.00 511.98 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 511.98 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.20 511.98 Td (Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 497.75 Td (\(In thousands\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 483.17 Td (Advertising) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 104.75 483.17 Td (...............................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 372.00 483.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 386.00 483.17 Td (124,584) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 444.00 483.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 458.00 483.17 Td (125,845) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 538.95 483.17 Td (\(1) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 548.15 483.17 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 468.17 Td (Circulation) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.00 468.17 Td (................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 391.50 468.17 Td (96,322) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 463.50 468.17 Td (96,619) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.15 468.17 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 468.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 453.17 Td (Other) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 77.25 453.17 Td (.........................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 391.50 453.17 Td (62,445) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 463.50 453.17 Td (59,379) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 542.65 453.17 Td (5) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 453.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 438.17 Td (Total revenues) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 118.50 438.17 Td (..........................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 386.00 438.17 Td (283,351) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 458.00 438.17 Td (281,843) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 542.65 438.17 Td (1) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 438.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 423.17 Td (Operating expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 140.50 423.17 Td (..................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 382.35 423.17 Td (\(242,037) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 421.80 423.17 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 454.35 423.17 Td (\(247,062) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 493.80 423.17 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 538.95 423.17 Td (\(2) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 548.15 423.17 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 408.17 Td (Operating profit) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 124.00 408.17 Td (........................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 372.00 408.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 391.50 408.17 Td (41,314) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 444.00 408.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 463.50 408.17 Td (34,781) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.15 408.17 Td (19) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 408.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 393.17 Td (Operating profit margin) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 157.00 393.17 Td (............................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 402.55 393.17 Td (14.6) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 421.80 393.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 474.55 393.17 Td (12.3) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 493.80 393.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 362.98 Td (Nine months ended March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.00 362.98 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 362.98 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.20 362.98 Td (Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 347.75 Td (\(In thousands\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 333.17 Td (Advertising) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 104.75 333.17 Td (...............................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 372.00 333.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 386.00 333.17 Td (385,039) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 444.00 333.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 458.00 333.17 Td (390,301) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 538.95 333.17 Td (\(1) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 548.15 333.17 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 318.17 Td (Circulation) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.00 318.17 Td (................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 386.00 318.17 Td (231,795) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 458.00 318.17 Td (235,145) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 538.95 318.17 Td (\(1) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 548.15 318.17 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 303.17 Td (Other) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 77.25 303.17 Td (.........................................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 386.00 303.17 Td (173,155) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 458.00 303.17 Td (181,123) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 538.95 303.17 Td (\(4) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 548.15 303.17 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 288.17 Td (Total revenues) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 118.50 288.17 Td (..........................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 386.00 288.17 Td (789,989) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 458.00 288.17 Td (806,569) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 538.95 288.17 Td (\(2) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 548.15 288.17 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 273.17 Td (Operating expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 140.50 273.17 Td (..................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 382.35 273.17 Td (\(677,807) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 421.80 273.17 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 454.35 273.17 Td (\(715,402) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 493.80 273.17 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 538.95 273.17 Td (\(5) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 548.15 273.17 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 258.17 Td (Operating profit) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 124.00 258.17 Td (........................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 372.00 258.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 386.00 258.17 Td (112,182) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 444.00 258.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 463.50 258.17 Td (91,167) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 537.15 258.17 Td (23) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 551.80 258.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 243.17 Td (Operating profit margin) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 157.00 243.17 Td (............................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 402.55 243.17 Td (14.2) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 421.80 243.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 474.55 243.17 Td (11.3) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 493.80 243.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 212.40 Td (Revenues) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 199.20 Td (National media advertising revenues decreased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 259.83 199.20 Td (1 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 300.44 199.20 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 330.69 199.20 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 385.36 199.20 Td ( and in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 454.71 199.20 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 508.79 199.20 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 523.45 199.20 Td (fiscal ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 186.00 Td (2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 186.00 Td (. Digital advertising revenues grew 27 percent in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 305.37 186.00 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 360.04 186.00 Td ( and 19 percent in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 478.25 186.00 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 532.33 186.00 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 172.80 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 98.57 172.80 Td (. In the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 132.17 172.80 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 186.84 172.80 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 201.51 172.80 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 250.08 172.80 Td (, magazine advertising revenues declined 9 percent and advertising ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 159.60 Td (pages decreased 6 percent. ) Tj ET Q q 0 0 0 rg BT 169.41 159.60 Td (Approximately 30 percent of the magazine ad revenues decline and 60 percent of the ad ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 146.40 Td (pages decline were due to the closing of ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 228.99 146.40 Td (MORE) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 259.54 146.40 Td ( magazine. Similarly) Tj ET Q q 0 0 0 rg BT 350.16 146.40 Td (, for the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 407.89 146.40 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 461.97 146.40 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 476.64 146.40 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 525.21 146.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 133.20 Td (magazine advertising revenues and advertising pages decreased 9 percent and 4 percent, respectively) Tj ET Q q 0 0 0 rg BT 493.06 133.20 Td (. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 120.00 Td (Approximately 25 percent of the magazine ad revenues decline in the nine-month period was due to the closing of ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 106.80 Td (MORE) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 80.55 106.80 Td ( magazine. Excluding ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 178.90 106.80 Td (MORE) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 209.45 106.80 Td ( magazine, ad pages were up slightly in the first nine months of fiscal 2017. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 93.60 Td (Among our core advertising categories, the direct response, pets, and retain categories showed strength while ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 80.40 Td (demand was weaker for the non-prescription drug, prescription drug, and automotive categories.) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (21) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 741.40 Td (Magazine circulation revenues were flat in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 256.77 741.40 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 311.44 741.40 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 326.10 741.40 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 374.67 741.40 Td (. ) Tj ET Q q 0 0 0 rg BT 379.97 741.40 Td (They declined ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 445.33 741.40 Td (1 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 485.95 741.40 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 536.66 741.40 Td (nine ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.20 Td (months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 82.39 728.20 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 97.06 728.20 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 145.63 728.20 Td (. Subscription revenues were up 1 percent in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 360.06 728.20 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 414.13 728.20 Td (. ) Tj ET Q q 0 0 0 rg BT 419.43 728.20 Td (They decreased 2 percent in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.00 Td (first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 70.47 715.00 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 124.55 715.00 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 139.21 715.00 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 187.78 715.00 Td (. Newsstand revenues declined in the high-single digits on a percentage basis in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 701.80 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 104.67 701.80 Td (; they increased in the low-single digits on a percentage basis in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 424.81 701.80 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 478.89 701.80 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 493.55 701.80 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 542.12 701.80 Td (. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.60 Td (Subscription and newsstand revenues in both periods were af) Tj ET Q q 0 0 0 rg BT 318.62 688.60 Td (fected by the closure of ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 424.61 688.60 Td (MORE) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 455.15 688.60 Td ( magazine. Newsstand ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 675.40 Td (revenues benefited from the strong performance of ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 276.32 675.40 Td (The Magnolia Journal) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 375.32 675.40 Td (, Meredith) Tj ET Q q 0 0 0 rg BT 424.19 675.40 Td (s new quarterly lifestyle ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 662.20 Td (magazine based on Joanna and Chip Gaines) Tj ET Q q 0 0 0 rg BT 245.90 662.20 Td ( popular Magnolia brand. ) Tj ET Q q 0 0 0 rg BT 360.26 662.20 Td (The subscription revenues decline was also ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 649.00 Td (partially due to ongoing ef) Tj ET Q q 0 0 0 rg BT 166.49 649.00 Td (forts to source a lar) Tj ET Q q 0 0 0 rg BT 251.21 649.00 Td (ger percentage of magazine subscribers from Meredith) Tj ET Q q 0 0 0 rg BT 494.94 649.00 Td (s own database ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 635.80 Td (instead of external agent sources. ) Tj ET Q q 0 0 0 rg BT 198.85 635.80 Td (This direct-to-publisher strategy increases circulation profit but lowers revenues ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 622.60 Td (over time. ) Tj ET Q q 0 0 0 rg BT 97.15 622.60 Td (The direct-to-publisher strategy is expected to adversely af) Tj ET Q q 0 0 0 rg BT 355.65 622.60 Td (fect subscription revenues for the foreseeable ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 609.40 Td (future.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 583.00 Td (Other revenues increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 163.92 583.00 Td (5 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 204.53 583.00 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 234.78 583.00 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 289.45 583.00 Td ( primarily due to increases in e-commerce revenues and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 569.80 Td (declined ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.01 569.80 Td (4 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 130.63 569.80 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 181.34 569.80 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 235.42 569.80 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 250.08 569.80 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 298.65 569.80 Td ( primarily due to declines in MXM revenues of $5.6 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 556.60 Td (million and brand licensing revenues of $5.0 million. MXM revenues declined primarily due to certain client losses ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 543.40 Td (and project scope reductions. Brand licensing revenues were down primarily due to the renewal of certain contracts ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 530.20 Td (impacting the timing of revenues.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 503.80 Td (Operating Expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 490.60 Td (National media operating expenses decreased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 253.11 490.60 Td (2 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 293.72 490.60 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 323.97 490.60 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.64 490.60 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 393.30 490.60 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 441.88 490.60 Td ( primarily due to declines ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 477.40 Td (in paper costs of $3.3 million, lower severance and related benefit accruals of $3.0 million, decreases in employee ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 464.20 Td (compensation costs of $2.6 million, lower postage and other delivery costs of $2.6 million, declines in processing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 451.00 Td (costs of $2.0 million, and decreases in non-payroll related editorial costs of $1.7 million. ) Tj ET Q q 0 0 0 rg BT 442.66 451.00 Td (These decreases were ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 437.80 Td (partially of) Tj ET Q q 0 0 0 rg BT 98.37 437.80 Td (fset by increases in circulation expenses of $4.7 million and higher magazine and digital related ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 424.60 Td (production costs of $4.5 million. National media operating expenses decreased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.46 424.60 Td (5 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 440.08 424.60 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 490.79 424.60 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 544.87 424.60 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 411.40 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 98.57 411.40 Td ( primarily due to a reduction in previously accrued contingent consideration payable of $19.6 million ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 398.20 Td (recorded in the second quarter of fiscal 2017. In addition, national media operating expenses declined for the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 385.00 Td (nine months of fiscal 2017 due to lower postage and other delivery costs of $6.8 million, declines in paper costs of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 371.80 Td ($5.9 million, decreases in non-payroll related editorial costs of $5.8 million, decreases in employee compensation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 358.60 Td (costs of $5.0 million, and declines in processing costs of $3.0 million. ) Tj ET Q q 0 0 0 rg BT 360.21 358.60 Td (These declines were partially of) Tj ET Q q 0 0 0 rg BT 500.51 358.60 Td (fset by higher ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 345.40 Td (magazine and digital related production costs of $8.7 million and increases in circulation expenses of $2.4 million. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 332.20 Td (The closing of ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 116.29 332.20 Td (MORE) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 146.84 332.20 Td ( magazine contributed to the expense declines in both periods.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 305.80 Td (Operating Pr) Tj ET Q q 0 0 0 rg BT 112.43 305.80 Td (ofit) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 292.60 Td (National media operating profit increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 236.01 292.60 Td (19 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 282.13 292.60 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 312.37 292.60 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 367.04 292.60 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 381.71 292.60 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 430.28 292.60 Td ( as growth in the operating ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 279.40 Td (profit of our digital operations of $7.4 million and lower severance and benefits expense of $3.0 million more than ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 266.20 Td (of) Tj ET Q q 0 0 0 rg BT 58.96 266.20 Td (fset declines in the operating profit of our magazine operations of $4.2 million. National media operating profit ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 253.00 Td (grew ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.74 253.00 Td (23 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 120.86 253.00 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 171.57 253.00 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 225.65 253.00 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 240.31 253.00 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 288.88 253.00 Td ( primarily due to growth in the operating profit of our digital ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 239.80 Td (operations of $20.9 million and a reduction in previously accrued contingent consideration payable of $19.6 million ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 226.60 Td (partially of) Tj ET Q q 0 0 0 rg BT 98.37 226.60 Td (fset by declines in the operating profit of our magazine operations of $7.7 million, our brand licensing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 213.40 Td (operations of $5.5 million, and MXM's operations of $5.3 million.) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (22) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 741.60 Td (UNALLOCA) Tj ET Q q 0 0 0 rg BT 112.13 741.60 Td (TED CORPORA) Tj ET Q q 0 0 0 rg BT 192.29 741.60 Td (TE EXPENSES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.20 Td (Unallocated corporate expenses are general corporate overhead expenses not attributable to the operating groups. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 702.00 Td (These expenses were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 649.30 332.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 649.30 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 649.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 649.30 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 649.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 649.30 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 619.30 332.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 619.30 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 619.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 619.30 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 619.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 619.30 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 559.30 332.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 559.30 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 559.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 559.30 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 559.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 559.30 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 529.30 332.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 529.30 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 529.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 529.30 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 529.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 529.30 42.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 678.3 m 382.5 678.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 663.3 m 382.5 663.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 678.3 m 442.5 678.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 663.3 m 442.5 663.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 678.3 m 452.5 678.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 663.3 m 452.5 663.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 678.3 m 512.5 678.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 663.3 m 512.5 663.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 678.3 m 520.5 678.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 663.3 m 520.5 663.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 678.3 m 562.5 678.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 663.3 m 562.5 663.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 619.3 m 382.5 619.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 619.3 m 442.5 619.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 619.3 m 452.5 619.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 619.3 m 512.5 619.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 619.3 m 520.5 619.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 619.3 m 562.5 619.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 604.3 m 382.5 604.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 619.3 m 442.5 619.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 604.3 m 442.5 604.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 604.3 m 452.5 604.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 604.3 m 512.5 604.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 604.3 m 520.5 604.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 604.3 m 562.5 604.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 589.3 m 382.5 589.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 574.3 m 382.5 574.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 589.3 m 442.5 589.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 574.3 m 442.5 574.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 589.3 m 452.5 589.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 574.3 m 452.5 574.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 589.3 m 512.5 589.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 574.3 m 512.5 574.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 589.3 m 520.5 589.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 574.3 m 520.5 574.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 589.3 m 562.5 589.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 574.3 m 562.5 574.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 574.3 m 382.5 574.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 529.3 m 382.5 529.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 529.3 m 512.5 529.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 529.3 m 382.5 529.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 514.3 m 382.5 514.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 529.3 m 442.5 529.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 514.3 m 442.5 514.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 529.3 m 452.5 529.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 514.3 m 452.5 514.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 529.3 m 512.5 529.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 514.3 m 512.5 514.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 529.3 m 520.5 529.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 514.3 m 520.5 514.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 529.3 m 562.5 529.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 514.3 m 562.5 514.3 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 667.98 Td (Three months ended March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.00 667.98 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.00 667.98 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.20 667.98 Td (Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 653.75 Td (\(In thousands\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.00 639.17 Td (Costs and expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 139.75 639.17 Td (.......................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 385.00 639.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 408.00 639.17 Td (12,450) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 455.00 639.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 478.00 639.17 Td (12,557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 638.97 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 638.97 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.00 624.17 Td (Merger termination fee net of merger-related costs) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 277.25 624.17 Td (.....................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 427.30 624.17 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 474.35 624.17 Td (\(59,664) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 508.30 624.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.95 623.97 Td (\(100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 623.97 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.00 609.17 Td (Unallocated corporate expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 194.75 609.17 Td (...................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 385.00 609.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 408.00 609.17 Td (12,450) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 455.00 609.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 474.35 609.17 Td (\(47,107) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 508.30 609.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.95 608.97 Td (\(126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 608.97 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 578.98 Td (Nine months ended March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.00 578.98 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.00 578.98 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.20 578.98 Td (Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 563.75 Td (\(In thousands\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.00 549.17 Td (Costs and expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 139.75 549.17 Td (.......................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 385.00 549.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 408.00 549.17 Td (40,168) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 455.00 549.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 478.00 549.17 Td (33,463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 548.97 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 548.97 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.00 534.17 Td (Merger termination fee net of merger-related costs) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 277.25 534.17 Td (.....................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 427.30 534.17 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 474.35 534.17 Td (\(43,541) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 508.30 534.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.95 533.97 Td (\(100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 533.97 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.00 519.17 Td (Unallocated corporate expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 194.75 519.17 Td (...................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 385.00 519.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 408.00 519.17 Td (40,168) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 455.00 519.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 474.35 519.17 Td (\(10,078) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 508.30 519.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.95 518.97 Td (\(499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 518.97 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 489.60 Td (Corporate costs and expenses decreased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 228.68 489.60 Td (1 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 269.30 489.60 Td ( as compared to the prior) Tj ET Q q 0 0 0 rg BT 378.73 489.60 Td (-year ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 404.07 489.60 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 458.75 489.60 Td ( primarily due to a gain ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 476.40 Td (of $1.7 million related to the sale of an investment that had previously been written of) Tj ET Q q 0 0 0 rg BT 427.98 476.40 Td (f and lower contributions ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 463.20 Td (expense of $1.5 million. ) Tj ET Q q 0 0 0 rg BT 159.17 463.20 Td (These declines more than of) Tj ET Q q 0 0 0 rg BT 282.98 463.20 Td (fset increases in performance-based incentive accruals of $2.0 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 450.00 Td (million and consulting costs of $1.5 million. Unallocated corporate costs and expenses increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 477.98 450.00 Td (20 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 524.10 450.00 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 436.80 Td (first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 70.47 436.80 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 124.55 436.80 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 139.21 436.80 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 187.78 436.80 Td ( as increases in performance-based incentive accruals of $6.2 million, consulting ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 423.60 Td (costs of $2.8 million, benefit costs of $1.8 million, and employee compensation costs of $1.4 million more than ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 410.40 Td (of) Tj ET Q q 0 0 0 rg BT 58.96 410.40 Td (fset a gain of $1.7 million related to the sale of an investment that had previously been written of) Tj ET Q q 0 0 0 rg BT 484.90 410.40 Td (f and lower ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 397.20 Td (contributions expense of $2.3 million.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 370.80 Td (In September 2015, the Company entered into a mer) Tj ET Q q 0 0 0 rg BT 280.43 370.80 Td (ger agreement with Media General, Inc. ) Tj ET Q q 0 0 0 rg BT 458.60 370.80 Td (This agreement was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 357.60 Td (terminated in January 2016. In exchange for terminating the mer) Tj ET Q q 0 0 0 rg BT 333.87 357.60 Td (ger agreement, the Company received ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 503.68 357.60 Td ($60.0 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 344.40 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 81.78 344.40 Td ( in cash. During the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 170.98 344.40 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 225.66 344.40 Td ( and first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 267.51 344.40 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 321.59 344.40 Td ( of fiscal 2016, the Company incurred ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 491.43 344.40 Td ($0.3 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 545.21 344.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 331.20 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 68.63 331.20 Td ($16.5 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 127.91 331.20 Td (, respectively) Tj ET Q q 0 0 0 rg BT 185.84 331.20 Td (, in mer) Tj ET Q q 0 0 0 rg BT 219.55 331.20 Td (ger) Tj ET Q q 0 0 0 rg BT 233.37 331.20 Td (-related expenses.) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (23) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 741.60 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 115.81 741.60 Td (TED) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 715.20 Td (Consolidated Operating Expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 702.00 Td (Consolidated operating expenses were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 649.30 329.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 649.30 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 649.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 649.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 649.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 649.30 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 619.30 329.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 619.30 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 619.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 619.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 619.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 619.30 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 589.30 329.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 589.30 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 589.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 589.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 589.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 589.30 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 530.30 329.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 530.30 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 530.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 530.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 530.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 530.30 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 500.30 329.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 500.30 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 500.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 500.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 500.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 500.30 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 470.30 329.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 470.30 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 470.30 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 470.30 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 470.30 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 470.30 42.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 678.3 m 379.5 678.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 663.3 m 379.5 663.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 678.3 m 440.5 678.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 663.3 m 440.5 663.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 678.3 m 450.5 678.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 663.3 m 450.5 663.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 678.3 m 512.5 678.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 663.3 m 512.5 663.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 678.3 m 520.5 678.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 663.3 m 520.5 663.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 678.3 m 562.5 678.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 663.3 m 562.5 663.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 589.3 m 379.5 589.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 589.3 m 440.5 589.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 589.3 m 450.5 589.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 589.3 m 512.5 589.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 589.3 m 520.5 589.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 574.3 m 379.5 574.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 574.3 m 440.5 574.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 574.3 m 450.5 574.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 574.3 m 512.5 574.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 574.3 m 520.5 574.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 574.3 m 562.5 574.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 574.3 m 379.5 574.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 574.3 m 440.5 574.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 574.3 m 450.5 574.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 574.3 m 512.5 574.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 574.3 m 520.5 574.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 574.3 m 562.5 574.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 559.3 m 379.5 559.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 544.3 m 379.5 544.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 559.3 m 440.5 559.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 544.3 m 440.5 544.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 559.3 m 450.5 559.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 544.3 m 450.5 544.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 559.3 m 512.5 559.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 544.3 m 512.5 544.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 559.3 m 520.5 559.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 544.3 m 520.5 544.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 559.3 m 562.5 559.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 544.3 m 562.5 544.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 470.3 m 379.5 470.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 470.3 m 440.5 470.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 470.3 m 450.5 470.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 470.3 m 512.5 470.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 470.3 m 520.5 470.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 455.3 m 379.5 455.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 455.3 m 440.5 455.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 455.3 m 450.5 455.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 470.3 m 512.5 470.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 455.3 m 512.5 455.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 455.3 m 520.5 455.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 455.3 m 562.5 455.3 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 667.98 Td (Three months ended March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.50 667.98 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.00 667.98 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.20 667.98 Td (Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 653.75 Td (\(In thousands\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.00 639.17 Td (Production, distribution, and editorial) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 219.25 639.17 Td (.........................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 382.00 639.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 400.50 639.17 Td (149,908) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.00 639.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 472.50 639.17 Td (156,739) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 539.95 639.17 Td (\(4) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 549.15 639.17 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.00 624.17 Td (Selling, general, and administrative) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 211.00 624.17 Td (............................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 400.50 624.17 Td (192,180) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 472.50 624.17 Td (183,045) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 543.65 624.17 Td (5) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 552.80 624.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.00 609.17 Td (Depreciation and amortization) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 189.00 609.17 Td (....................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 406.00 609.17 Td (13,304) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 478.00 609.17 Td (14,613) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 539.95 609.17 Td (\(9) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 549.15 609.17 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.00 594.17 Td (Merger termination fee net of merger-related costs) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 277.00 594.17 Td (....................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 425.30 594.17 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 474.35 594.17 Td (\(59,664) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 508.30 594.17 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 528.95 594.17 Td (\(100) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 549.15 594.17 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.00 579.17 Td (Operating expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 139.50 579.17 Td (......................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 382.00 579.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 400.50 579.17 Td (355,392) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.00 579.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 472.50 579.17 Td (294,733) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 538.10 579.17 Td (21) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 552.80 579.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 548.98 Td (Nine months ended March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.50 548.98 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.00 548.98 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.20 548.98 Td (Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 534.75 Td (\(In thousands\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.00 520.17 Td (Production, distribution, and editorial) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 219.25 520.17 Td (.........................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 382.00 520.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 400.50 520.17 Td (448,761) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.00 520.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 472.50 520.17 Td (460,982) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 539.95 520.17 Td (\(3) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 549.15 520.17 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.00 505.17 Td (Selling, general, and administrative) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 211.00 505.17 Td (............................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 400.50 505.17 Td (537,816) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 472.50 505.17 Td (534,567) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 543.65 505.17 Td (1) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 552.80 505.17 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.00 490.17 Td (Depreciation and amortization) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 189.00 490.17 Td (....................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 406.00 490.17 Td (40,749) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 478.00 490.17 Td (44,679) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 539.95 490.17 Td (\(9) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 549.15 490.17 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.00 475.17 Td (Merger termination fee net of merger-related costs) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 277.00 475.17 Td (....................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 425.30 475.17 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 474.35 475.17 Td (\(43,541) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 508.30 475.17 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 528.95 475.17 Td (\(100) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 549.15 475.17 Td (\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.00 460.17 Td (Operating expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 139.50 460.17 Td (......................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 382.00 460.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 392.25 460.17 Td (1,027,326) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.00 460.17 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 472.50 460.17 Td (996,687) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 543.65 460.17 Td (3) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 552.80 460.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 429.40 Td (Fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 101.03 429.40 Td ( production, distribution, and editorial costs decreased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 342.05 429.40 Td (4 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 382.66 429.40 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 412.91 429.40 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 467.58 429.40 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 488.96 429.40 Td (3 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.58 429.40 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 416.20 Td (first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 70.47 416.20 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 124.55 416.20 Td ( as compared to the prior) Tj ET Q q 0 0 0 rg BT 233.99 416.20 Td (-year periods. For the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 331.43 416.20 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 385.66 416.20 Td (, declines in MXM production costs of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 403.00 Td ($5.7 million, paper costs of $3.3 million, employee compensation costs of $2.7 million, postage and other delivery ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 389.80 Td (costs of $2.6 million, processing costs of $2.0 million, and non-payroll related editorial costs of $1.7 million more ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 376.60 Td (than of) Tj ET Q q 0 0 0 rg BT 80.65 376.60 Td (fset increases in programming fees paid to af) Tj ET Q q 0 0 0 rg BT 278.08 376.60 Td (filiated networks of $6.6 million and other magazine and digital ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 363.40 Td (related production costs of $4.5 million. For the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 283.71 363.40 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 337.79 363.40 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 352.46 363.40 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 401.03 363.40 Td (, declines in MXM production costs ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 350.20 Td (of $7.5 million, employee compensation costs of $6.8 million, postage and other delivery costs of $6.8 million, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 337.00 Td (paper costs of $5.9 million, non-payroll related editorial costs of $5.8 million, and processing costs of $3.0 million ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 323.80 Td (more than of) Tj ET Q q 0 0 0 rg BT 106.00 323.80 Td (fset increases in programming fees paid to af) Tj ET Q q 0 0 0 rg BT 303.43 323.80 Td (filiated networks of $16.2 million, and other magazine and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 310.60 Td (digital related production costs of $8.7 million.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 284.20 Td (Selling, general, and administrative expenses increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 295.58 284.20 Td (5 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 336.20 284.20 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 366.44 284.20 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 421.12 284.20 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 435.78 284.20 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 484.35 284.20 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 505.73 284.20 Td (1 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 546.35 284.20 Td ( in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 271.00 Td (the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.66 271.00 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 140.74 271.00 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 155.40 271.00 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 203.97 271.00 Td (. For the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 243.69 271.00 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 297.92 271.00 Td (, increases in MXM selling and general expenses of $5.7 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 257.80 Td (million, circulation expenses of $4.7 million, performance-based incentive accruals of $1.7 million, and employee ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 244.60 Td (compensation costs of $1.3 million more than of) Tj ET Q q 0 0 0 rg BT 263.04 244.60 Td (fset decreases in severance and related benefit accruals of $3.0 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 231.40 Td (million and contributions expense of $1.5 million. For the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 328.02 231.40 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 382.11 231.40 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 396.77 231.40 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 445.34 231.40 Td (, increases in MXM ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 218.20 Td (selling and general expenses of $10.3 million, higher performance-based incentive accruals of $4.6 million, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 205.00 Td (increased employee compensation costs of $3.9 million, higher circulation expenses of $2.4 million, the write-down ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 191.80 Td (of cost-method investments of $1.7 million, and a reduction in the reversal of previously accrued restructuring costs ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 178.60 Td (of $1.6 million were partially of) Tj ET Q q 0 0 0 rg BT 190.93 178.60 Td (fset by a credit to expenses for a reduction in previously accrued contingent ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 165.40 Td (consideration payable of $19.6 million and lower contributions expense of $2.3 million.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 139.00 Td (Depreciation and amortization expense declined ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 264.71 139.00 Td (9 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 305.33 139.00 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 335.58 139.00 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 390.25 139.00 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 404.91 139.00 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 453.48 139.00 Td ( and in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 522.83 139.00 Td (nine ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 125.80 Td (months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 82.39 125.80 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 97.06 125.80 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 145.63 125.80 Td ( primarily due to decreases in depreciation in our local media segment.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 99.40 Td (In September 2015, the Company entered into a mer) Tj ET Q q 0 0 0 rg BT 280.43 99.40 Td (ger agreement with Media General, Inc. ) Tj ET Q q 0 0 0 rg BT 458.60 99.40 Td (This agreement was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 86.20 Td (terminated in January 2016. In exchange for terminating the mer) Tj ET Q q 0 0 0 rg BT 333.87 86.20 Td (ger agreement, the Company received ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 503.68 86.20 Td ($60.0 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 73.00 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 81.78 73.00 Td ( in cash. During the third quarter of fiscal 2016, the Company incurred ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 395.50 73.00 Td ($0.3 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 449.28 73.00 Td ( in mer) Tj ET Q q 0 0 0 rg BT 480.24 73.00 Td (ger) Tj ET Q q 0 0 0 rg BT 494.07 73.00 Td (-related ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 59.80 Td (expenses. In the first nine months of fiscal 2016, the Company incurred ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 367.71 59.80 Td ($16.5 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 426.99 59.80 Td ( in mer) Tj ET Q q 0 0 0 rg BT 457.95 59.80 Td (ger) Tj ET Q q 0 0 0 rg BT 471.77 59.80 Td (-related expenses.) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (24) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 741.60 Td (Income fr) Tj ET Q q 0 0 0 rg BT 95.92 741.60 Td (om Operations) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.40 Td (Income from operations decreased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 204.54 728.40 Td (45 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 250.66 728.40 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 280.90 728.40 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 335.58 728.40 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 350.24 728.40 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 398.81 728.40 Td ( primarily due to the mer) Tj ET Q q 0 0 0 rg BT 508.27 728.40 Td (ger ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.20 Td (termination fee received in the prior) Tj ET Q q 0 0 0 rg BT 208.29 715.20 Td (-year third quarter) Tj ET Q q 0 0 0 rg BT 287.70 715.20 Td (. Income from operations increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 445.91 715.20 Td (1) Tj ET Q q 0 0 0 rg BT 451.01 715.20 Td (1 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 491.62 715.20 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 542.34 715.20 Td (nine ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 702.00 Td (months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 82.39 702.00 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 97.06 702.00 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 145.63 702.00 Td ( primarily due to higher operating profits in our local media segment of $52.7 million and a a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.80 Td (reduction in previously accrued contingent consideration payable of $19.6 million partially of) Tj ET Q q 0 0 0 rg BT 462.18 688.80 Td (fset by the absence of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 675.60 Td (the $60.0 million received by the Company in fiscal 2016 in conjunction with the termination of the mer) Tj ET Q q 0 0 0 rg BT 509.26 675.60 Td (ger ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 662.40 Td (agreement net of the related $16.5 million in mer) Tj ET Q q 0 0 0 rg BT 265.76 662.40 Td (ger) Tj ET Q q 0 0 0 rg BT 279.58 662.40 Td (-related expenses recorded in the first nine months of fiscal ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 649.20 Td (2016. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 622.80 Td (Net Inter) Tj ET Q q 0 0 0 rg BT 92.87 622.80 Td (est Expense) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 609.60 Td (Net interest expense decreased to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 199.35 609.60 Td ($4.6 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 253.13 609.60 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 283.37 609.60 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 331.94 609.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 334.69 609.60 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 389.37 609.60 Td ( compared with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 460.54 609.60 Td ($5.1 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 514.32 609.60 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 596.40 Td (prior) Tj ET Q q 0 0 0 rg BT 71.16 596.40 Td (-year ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 96.50 596.40 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 150.57 596.40 Td (. For the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 190.29 596.40 Td (nine months ended) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 273.38 596.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 276.13 596.40 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 346.09 596.40 Td (, net interest expense was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 460.94 596.40 Td ($14.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 520.22 596.40 Td ( versus ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 583.20 Td ($15.7 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 109.28 583.20 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 159.99 583.20 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 214.08 583.20 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 228.74 583.20 Td (fiscal 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 277.31 583.20 Td (. ) Tj ET Q q 0 0 0 rg BT 282.20 583.20 Td (A) Tj ET Q q 0 0 0 rg BT 289.33 583.20 Td (verage long-term debt outstanding was $656.1 million in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 570.00 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 104.67 570.00 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 119.34 570.00 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 167.91 570.00 Td ( and $675.7 million for the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 288.58 570.00 Td (nine-month period) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 370.15 570.00 Td ( compared with $756.1 million in the prior) Tj ET Q q 0 0 0 rg BT 557.51 570.00 Td (-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 556.80 Td (year ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 71.68 556.80 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 126.35 556.80 Td ( and $787.3 million in the prior) Tj ET Q q 0 0 0 rg BT 263.92 556.80 Td (-year ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 289.26 556.80 Td (nine-month period) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 370.83 556.80 Td (. ) Tj ET Q q 0 0 0 rg BT 376.13 556.80 Td (The Company's approximate weighted ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 543.60 Td (average interest rate was 2.8 percent in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 260.74 543.60 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 314.82 543.60 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 329.48 543.60 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 378.06 543.60 Td ( and 2.7 percent in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 499.02 543.60 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 553.10 543.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 530.40 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 61.91 530.40 Td (fiscal 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 110.48 530.40 Td (. ) Tj ET Q q 0 0 0 rg BT 115.79 530.40 Td (The weighted average interest rates include the ef) Tj ET Q q 0 0 0 rg BT 333.95 530.40 Td (fects of derivative financial instruments.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 504.00 Td (Income ) Tj ET Q q 0 0 0 rg BT 87.38 504.00 Td (T) Tj ET Q q 0 0 0 rg BT 93.70 504.00 Td (axes) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 490.80 Td (Our ef) Tj ET Q q 0 0 0 rg BT 78.20 490.80 Td (fective tax rate was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 166.16 490.80 Td (39.2 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 220.52 490.80 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 250.77 490.80 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 305.44 490.80 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 326.82 490.80 Td (35.8 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 381.19 490.80 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 431.90 490.80 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 485.98 490.80 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 500.65 490.80 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 549.22 490.80 Td ( as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 477.60 Td (compared to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 107.42 477.60 Td (34.2 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 161.79 477.60 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 192.03 477.60 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 246.71 477.60 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 268.09 477.60 Td (38.2 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 322.45 477.60 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 373.17 477.60 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 427.25 477.60 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 441.91 477.60 Td (fiscal 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 490.48 477.60 Td (. ) Tj ET Q q 0 0 0 rg BT 495.78 477.60 Td (The first nine ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 464.40 Td (months of fiscal 2017 ef) Tj ET Q q 0 0 0 rg BT 156.72 464.40 Td (fective tax rate was primarily impacted by a credit to income taxes of $6.7 million related ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 451.20 Td (to the resolution of certain federal and state tax matters recorded in the second quarter of fiscal 2017. For fiscal ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 438.00 Td (2016, in conjunction with the termination of the Media General mer) Tj ET Q q 0 0 0 rg BT 348.86 438.00 Td (ger agreement, mer) Tj ET Q q 0 0 0 rg BT 433.86 438.00 Td (ger) Tj ET Q q 0 0 0 rg BT 447.69 438.00 Td (-related expenses ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 424.80 Td (recorded in prior quarters of fiscal 2016 became deductible for income tax purposes in the third quarter of fiscal ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 411.60 Td (2016 and thus the Company recognized a corresponding tax benefit in the Company's third fiscal quarter) Tj ET Q q 0 0 0 rg BT 510.06 411.60 Td (, which ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 398.40 Td (lowered the fiscal 2016 third quarter ef) Tj ET Q q 0 0 0 rg BT 221.46 398.40 Td (fective tax rate. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 372.00 Td (Net Earnings and Earnings per) Tj ET Q q 0 0 0 rg BT 196.49 372.00 Td ( Shar) Tj ET Q q 0 0 0 rg BT 221.66 372.00 Td (e) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 358.80 Td (Net earnings were ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 132.77 358.80 Td ($39.8 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 192.05 358.80 Td ( \() Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 198.46 358.80 Td ($0.87) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 223.21 358.80 Td ( per diluted share\) in the quarter ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 396.09 358.80 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 466.04 358.80 Td (, down ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 498.74 358.80 Td (51 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 544.85 358.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 345.60 Td (from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.13 345.60 Td ($80.9 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 133.41 345.60 Td ( \() Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 139.83 345.60 Td ($1.79) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 164.58 345.60 Td ( per diluted share\) in the prior) Tj ET Q q 0 0 0 rg BT 295.70 345.60 Td (-year ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 321.04 345.60 Td (third quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 375.11 345.60 Td (. ) Tj ET Q q 0 0 0 rg BT 380.41 345.60 Td (The decrease in net earnings in the third ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 332.40 Td (quarter of fiscal 2017 was primarily due to the mer) Tj ET Q q 0 0 0 rg BT 273.70 332.40 Td (ger termination fee received in the prior) Tj ET Q q 0 0 0 rg BT 448.79 332.40 Td (-year third quarter and a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 319.20 Td (higher ef) Tj ET Q q 0 0 0 rg BT 89.20 319.20 Td (fective tax rate as discussed above. For the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 280.10 319.20 Td (nine months ended) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 363.20 319.20 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 365.95 319.20 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 435.91 319.20 Td (, net earnings were ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.73 319.20 Td ($145.6 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 306.00 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 81.78 306.00 Td ( \() Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 88.19 306.00 Td ($3.20) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 112.94 306.00 Td ( per diluted share\), an increase of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 261.99 306.00 Td (17 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 308.10 306.00 Td ( from prior) Tj ET Q q 0 0 0 rg BT 356.15 306.00 Td (-year ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 381.49 306.00 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 435.57 306.00 Td ( earnings of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 490.25 306.00 Td ($124.5 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 555.03 306.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 292.80 Td (\() Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.66 292.80 Td ($2.74) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 78.41 292.80 Td ( per diluted share\). ) Tj ET Q q 0 0 0 rg BT 163.43 292.80 Td (The increase in net earnings in the first nine months of fiscal 2017 was primarily due to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 279.60 Td (higher income from operations and a lower ef) Tj ET Q q 0 0 0 rg BT 251.09 279.60 Td (fective tax rate as discussed above. ) Tj ET Q q 0 0 0 rg BT 407.17 279.60 Td (A) Tj ET Q q 0 0 0 rg BT 414.29 279.60 Td (verage basic shares outstanding ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 266.40 Td (increased slightly in the three-month period and declined slightly in the nine-month period. ) Tj ET Q q 0 0 0 rg BT 453.24 266.40 Td (A) Tj ET Q q 0 0 0 rg BT 460.37 266.40 Td (verage diluted shares ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 253.20 Td (outstanding increased slightly in both periods.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 202.85 226.80 Td (LIQUIDITY) Tj ET Q q 0 0 0 rg BT 262.35 226.80 Td ( ) Tj ET Q q 0 0 0 rg BT 264.49 226.80 Td (AND CAPIT) Tj ET Q q 0 0 0 rg BT 324.48 226.80 Td (AL) Tj ET Q q 0 0 0 rg BT 339.15 226.80 Td ( RESOURCES) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 95.50 174.10 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 174.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 174.10 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 174.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 95.50 144.10 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 144.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 144.10 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 144.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 95.50 114.10 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 114.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 114.10 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 114.10 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 95.5 203.10000000000002 m 385.5 203.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 95.5 188.10000000000002 m 385.5 188.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 203.10000000000002 m 445.5 203.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 188.10000000000002 m 445.5 188.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 203.10000000000002 m 455.5 203.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 188.10000000000002 m 455.5 188.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 203.10000000000002 m 515.5 203.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 188.10000000000002 m 515.5 188.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 95.5 159.10000000000002 m 385.5 159.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 159.10000000000002 m 445.5 159.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 159.10000000000002 m 455.5 159.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 159.10000000000002 m 515.5 159.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 159.10000000000002 m 445.5 159.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 159.10000000000002 m 515.5 159.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 95.5 114.10000000000002 m 385.5 114.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 114.10000000000002 m 445.5 114.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 114.10000000000002 m 455.5 114.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 114.10000000000002 m 515.5 114.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 95.5 99.10000000000002 m 385.5 99.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 99.10000000000002 m 445.5 99.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 99.10000000000002 m 455.5 99.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 99.10000000000002 m 515.5 99.10000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.00 193.83 Td (Nine months ended March31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.00 192.78 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.00 192.78 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 98.00 178.55 Td (\(In thousands\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 98.00 163.97 Td (Net earnings) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 156.50 163.97 Td (..................................................................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 388.00 163.97 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 405.50 163.97 Td (145,559) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 458.00 163.97 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 475.50 163.97 Td (124,452) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 98.00 148.97 Td (Cash flows provided by operating activities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 291.25 148.97 Td (.................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 388.00 148.97 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 405.50 148.97 Td (177,988) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 458.00 148.97 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 475.50 148.97 Td (173,620) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 98.00 133.97 Td (Cash flows used in investing activities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 269.25 133.97 Td (.........................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 407.35 133.97 Td (\(30,052) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 441.30 133.97 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 477.35 133.97 Td (\(19,804) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 511.30 133.97 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 98.00 118.97 Td (Cash flows used in financing activities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 269.25 118.97 Td (.........................................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 401.85 118.97 Td (\(145,549) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 441.30 118.97 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 471.85 118.97 Td (\(159,400) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 511.30 118.97 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 98.00 103.97 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 329.75 103.97 Td (...................) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 388.00 103.97 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.55 103.97 Td (2,387) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 458.00 103.97 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 482.85 103.97 Td (\(5,584) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 511.30 103.97 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (25) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 741.60 Td (OVER) Tj ET Q q 0 0 0 rg BT 81.39 741.60 Td (VIEW) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.20 Td (Meredith's primary source of liquidity is cash generated by operating activities. Debt financing is typically used for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 702.00 Td (significant acquisitions. ) Tj ET Q q 0 0 0 rg BT 157.04 702.00 Td (W) Tj ET Q q 0 0 0 rg BT 166.54 702.00 Td (e expect cash on hand, internally generated cash flow) Tj ET Q q 0 0 0 rg BT 400.69 702.00 Td (, and available credit from financing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.80 Td (agreements will provide adequate funds for operating and recurring cash needs \(e.g., working capital, capital ) Tj ET Q BT /F1 11.00 Tf ET 1 1 1 rg /GS0 gs 50.00 683.23 31.76 -10.00 re f /GS0 gs q 0 0 0 rg BT 50.00 675.60 Td (expend) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 81.76 675.60 Td (itures, debt repayments, and cash dividends\) into the foreseeable future. ) Tj ET Q q 0 0 0 rg BT 399.74 675.60 Td (As of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 426.63 675.60 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 496.59 675.60 Td (, we had up to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 662.40 Td ($185.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 114.78 662.40 Td ( of additional available borrowings under our revolving credit facility) Tj ET Q q 0 0 0 rg BT 419.83 662.40 Td (, and up to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 469.02 662.40 Td ($25.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 528.30 662.40 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 649.20 Td (additional available borrowings under our asset-backed bank facility \(depending on levels of accounts rece) Tj ET Q BT /F1 11.00 Tf ET 1 1 1 rg /GS0 gs 520.08 656.83 36.04 -10.00 re f /GS0 gs q 0 0 0 rg BT 520.08 649.20 Td (ivable\). ) Tj ET Q BT /F1 11.00 Tf ET 1 1 1 rg /GS0 gs 50.00 643.63 32.68 -10.00 re f /GS0 gs q 0 0 0 rg BT 50.00 636.00 Td (While t) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 82.68 636.00 Td (here are no guarantees that we will be able to replace current credit agreements when they expire, we expect ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 622.80 Td (to be able to do so.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 596.40 Td (SOURCES ) Tj ET Q q 0 0 0 rg BT 104.10 596.40 Td (AND USES OF) Tj ET Q q 0 0 0 rg BT 175.82 596.40 Td ( CASH) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 570.00 Td (Cash and cash equivalents increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 212.80 570.00 Td ($2.4 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 266.58 570.00 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 317.30 570.00 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 371.38 570.00 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 386.04 570.00 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 434.61 570.00 Td ( compared to a decrease of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 556.80 Td ($5.6 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.78 556.80 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 154.49 556.80 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 208.58 556.80 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 223.24 556.80 Td (fiscal 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 271.81 556.80 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 530.40 Td (Operating ) Tj ET Q q 0 0 0 rg BT 100.42 530.40 Td (Activities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 517.20 Td (The lar) Tj ET Q q 0 0 0 rg BT 81.25 517.20 Td (gest single component of operating cash inflows is cash received from advertising customers. Other sources ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 504.00 Td (of operating cash inflows include cash received from magazine circulation sales and other revenue generating ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 490.80 Td (transactions such as customer relationship marketing, retransmission consent fees, brand licensing, and product ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 477.60 Td (sales. Operating cash outflows include payments to vendors and employees and payments of interest and income ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 464.40 Td (taxes. Our most significant vendor payments are for production and delivery of publications and promotional ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 451.20 Td (mailings, broadcasting programming rights, employee benefit plans \(including pension plans\), and other services ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 438.00 Td (and supplies.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 411.60 Td (Cash provided by operating activities totaled ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 249.78 411.60 Td ($178.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 314.56 411.60 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 365.28 411.60 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 419.36 411.60 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 434.02 411.60 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 482.59 411.60 Td ( compared with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 398.40 Td ($173.6 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 114.78 398.40 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 165.49 398.40 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 219.58 398.40 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 234.24 398.40 Td (fiscal 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 282.81 398.40 Td (. ) Tj ET Q q 0 0 0 rg BT 288.11 398.40 Td (The increase in cash provided by operating activities was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 385.20 Td (primarily due to increased net earnings.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 358.80 Td (Investing ) Tj ET Q q 0 0 0 rg BT 95.54 358.80 Td (Activities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 345.60 Td (Investing cash inflows generally include proceeds from the sale of assets or a business. Investing cash outflows ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 332.40 Td (generally include payments for the acquisition of new businesses; investments; and additions to property) Tj ET Q q 0 0 0 rg BT 509.66 332.40 Td (, plant, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 319.20 Td (equipment.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 292.80 Td (Net cash used in investing activities increased to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 266.27 292.80 Td ($30.1 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 325.55 292.80 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 376.27 292.80 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 430.35 292.80 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 445.01 292.80 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 493.58 292.80 Td ( from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 520.46 292.80 Td ($19.8 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 279.60 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 81.78 279.60 Td ( in the prior) Tj ET Q q 0 0 0 rg BT 133.19 279.60 Td (-year period primarily due to the acquisition of a business in the current period.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 253.20 Td (Financing ) Tj ET Q q 0 0 0 rg BT 99.21 253.20 Td (Activities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 240.00 Td (Financing cash inflows generally include borrowings under debt agreements and proceeds from the exercise of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 226.80 Td (common stock options issued under share-based compensation plans. Financing cash outflows generally include the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 213.60 Td (repayment of long-term debt, the payment of dividends, and repurchases of Company stock.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 187.20 Td (Net cash used by financing activities decreased to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 271.75 187.20 Td ($145.5 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 336.53 187.20 Td ( in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 366.78 187.20 Td (nine months ended March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 522.58 187.20 Td (, from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 174.00 Td ($159.4 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 114.78 174.00 Td ( in the prior) Tj ET Q q 0 0 0 rg BT 166.19 174.00 Td (-year period. ) Tj ET Q q 0 0 0 rg BT 224.93 174.00 Td (The change in cash flows from financing activities is primarily due to a net ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 160.80 Td ($61.3 million of debt payments in the current-year period compared to a net $91.9 million of debt payments in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 147.60 Td (prior) Tj ET Q q 0 0 0 rg BT 71.16 147.60 Td (-year period, and an additional $37.7 million of purchases of Company stock. ) Tj ET Q q 0 0 0 rg BT 414.63 147.60 Td (These increased cash outflows ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 134.40 Td (were partially of) Tj ET Q q 0 0 0 rg BT 122.49 134.40 Td (fset by an additional $29.7 million of proceeds from common stock issued.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 108.00 Td (Long-term Debt) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 94.80 Td (At ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 63.75 94.80 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 133.71 94.80 Td (, long-term debt outstanding totaled ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 293.79 94.80 Td ($633.8 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 358.57 94.80 Td (. ) Tj ET Q q 0 0 0 rg BT 363.87 94.80 Td (The balance consisted of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 475.66 94.80 Td ($243.8 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 540.44 94.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 81.60 Td (under a term loan, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 132.77 81.60 Td ($50.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 192.05 81.60 Td ( in fixed-rate unsecured senior notes, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 357.30 81.60 Td ($250.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 422.08 81.60 Td ( in floating-rate unsecured ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 68.40 Td (senior notes, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.35 68.40 Td ($75.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 167.63 68.40 Td ( under an asset-backed bank facility) Tj ET Q q 0 0 0 rg BT 324.82 68.40 Td (, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 348.96 68.40 Td ($15.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 408.24 68.40 Td ( under a revolving credit facility) Tj ET Q q 0 0 0 rg BT 549.55 68.40 Td (.) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (26) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 741.40 Td (The Company holds interest rate swap agreements to hedge variable interest rate risk on the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 456.56 741.40 Td ($250.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.34 741.40 Td ( floating-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.20 Td (rate senior notes and on ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 157.22 728.20 Td ($50.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 216.50 728.20 Td ( of the term loan. ) Tj ET Q q 0 0 0 rg BT 294.50 728.20 Td (The expiration of the swaps is as follows: ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 482.99 728.20 Td ($50.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 542.27 728.20 Td ( in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.00 Td (August 2018, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 112.03 715.00 Td ($100.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 176.81 715.00 Td ( in March 2019, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 268.46 715.00 Td ($150.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 333.24 715.00 Td ( in ) Tj ET Q q 0 0 0 rg BT 346.69 715.00 Td (August 2019. Under the swaps the Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 701.80 Td (will pay fixed rates of interest \() Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 188.06 701.80 Td (1.36) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 207.31 701.80 Td ( percent on the swap maturing in ) Tj ET Q q 0 0 0 rg BT 353.64 701.80 Td (August 2018, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 415.67 701.80 Td (1.53 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 470.04 701.80 Td ( on the swap ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.60 Td (maturing in March 2019, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 181.36 688.60 Td (1.76) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 200.61 688.60 Td ( percent on the swaps maturing in ) Tj ET Q q 0 0 0 rg BT 351.22 688.60 Td (August 2019\) and receive variable rates of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 675.40 Td (interest based on the one to three-month London Interbank Of) Tj ET Q q 0 0 0 rg BT 322.58 675.40 Td (fered Rate \(LIBOR\) \() Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 417.57 675.40 Td (0.98) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.82 675.40 Td ( percent on the swap ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 662.20 Td (maturing in ) Tj ET Q q 0 0 0 rg BT 103.16 662.20 Td (August 2018, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 165.19 662.20 Td (1.16 percent) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 219.56 662.20 Td ( on the swap maturing in March 2019, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 408.97 662.20 Td (1.06) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 428.22 662.20 Td ( percent on the swaps ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 649.00 Td (maturing in ) Tj ET Q q 0 0 0 rg BT 103.16 649.00 Td (August 2019 as of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 186.27 649.00 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 256.23 649.00 Td (\) on the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 292.58 649.00 Td ($300.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 357.36 649.00 Td ( notional amount of indebtedness.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 622.60 Td (During the second quarter of fiscal 2017, Meredith amended and restated its credit agreement that provides a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 609.40 Td (revolving credit facility of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 168.51 609.40 Td ($200.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 233.29 609.40 Td ( and a term loan facility of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 352.72 609.40 Td ($250.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 417.50 609.40 Td (, which now expires in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 596.20 Td (November 2021. Other than extending the expiration date, the terms of the amended and restated credit agreement ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 583.00 Td (are substantially the same as those previously in place. ) Tj ET Q q 0 0 0 rg BT 292.96 583.00 Td (The interest rate under both the revolving credit facility and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 569.80 Td (the term loan is variable based on LIBOR and Meredith's debt to trailing 12 month EBITDA) Tj ET Q q 0 0 0 rg BT 456.15 569.80 Td ( \(earnings before ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 556.60 Td (interest, taxes, depreciation, and amortization as defined in the debt agreement\) ratio. ) Tj ET Q q 0 0 0 rg BT 427.32 556.60 Td (The term loan is payable in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 543.40 Td (quarterly installments based on an amortization schedule as set forth in the agreement. ) Tj ET Q q 0 0 0 rg BT 431.83 543.40 Td (At ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 445.58 543.40 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 515.53 543.40 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 521.03 543.40 Td ($243.8 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 530.20 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 81.78 530.20 Td ( was outstanding under the term loan and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 265.68 530.20 Td ($15.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 324.96 530.20 Td ( was outstanding under the revolver) Tj ET Q q 0 0 0 rg BT 481.67 530.20 Td (. Of the term ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 517.00 Td (loan, $12.5 million is due in the next 12 months. ) Tj ET Q q 0 0 0 rg BT 265.82 517.00 Td (W) Tj ET Q q 0 0 0 rg BT 275.32 517.00 Td (e expect to repay this with cash from operations and credit ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 503.80 Td (available under existing credit agreements.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 477.40 Td (In the next 12 months, our ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 168.85 477.40 Td ($50.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 228.13 477.40 Td ( fixed-rate unsecured senior note is due. ) Tj ET Q q 0 0 0 rg BT 406.31 477.40 Td (W) Tj ET Q q 0 0 0 rg BT 415.81 477.40 Td (e expect to repay this senior note ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 464.20 Td (with cash from operations and credit available under existing credit agreements. ) Tj ET Q q 0 0 0 rg BT 404.73 464.20 Td (The weighted average ef) Tj ET Q q 0 0 0 rg BT 512.94 464.20 Td (fective ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 451.00 Td (interest rate for the fixed-rate note was 3.04 percent at ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 290.97 451.00 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 360.93 451.00 Td (. ) Tj ET Q q 0 0 0 rg BT 366.23 451.00 Td (The floating-rate unsecured senior notes are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 437.80 Td (due in December 2022 and February 2024. ) Tj ET Q q 0 0 0 rg BT 241.02 437.80 Td (The weighted average ef) Tj ET Q q 0 0 0 rg BT 349.23 437.80 Td (fective interest rate for $150.0 million of the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 424.60 Td (floating-rate unsecured senior notes was 3.26 percent at ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 297.71 424.60 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 367.67 424.60 Td (, after taking into account the ef) Tj ET Q q 0 0 0 rg BT 507.67 424.60 Td (fect of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 411.40 Td (outstanding interest rate swap agreements. ) Tj ET Q q 0 0 0 rg BT 239.19 411.40 Td (The weighted average ef) Tj ET Q q 0 0 0 rg BT 347.40 411.40 Td (fective interest rate for $100.0 million of the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 398.20 Td (floating-rate unsecured senior notes was 3.03 percent at ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 297.71 398.20 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 367.67 398.20 Td (, after taking into account the ef) Tj ET Q q 0 0 0 rg BT 507.67 398.20 Td (fect of the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 385.00 Td (outstanding interest rate swap agreement. None of the floating-rate senior notes are due in the next 12 months. ) Tj ET Q q 0 0 0 rg BT 537.93 385.00 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 371.80 Td (interest rate on the asset-backed bank facility is variable based on LIBOR plus a fixed spread. ) Tj ET Q q 0 0 0 rg BT 464.50 371.80 Td (As of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 491.39 371.80 Td (March31, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 358.60 Td (2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 358.60 Td (, the asset-backed bank facility had a capacity of up to $100.0 million \(depending on levels of accounts ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 345.40 Td (receivable\). ) Tj ET Q q 0 0 0 rg BT 104.15 345.40 Td (The asset-backed bank facility expires in October 2017.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 319.00 Td (All of our debt agreements include financial covenants, and failure to comply with any such covenants could result ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 305.80 Td (in the debt becoming payable on demand. ) Tj ET Q q 0 0 0 rg BT 236.14 305.80 Td (The Company was in compliance with all financial covenants at ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 292.60 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 119.96 292.60 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 266.20 Td (Contractual Obligations) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 253.00 Td (As of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.89 253.00 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 146.85 253.00 Td (, there had been no material changes in our contractual obligations from those disclosed in our ) Tj ET Q BT /F1 11.00 Tf ET /GS0 gs q 54.30 0 0 11.00 50.00 237.43 cm /I20 Do Q q 0 0 0 rg BT 104.30 239.80 Td (for ) Tj ET Q q 0 0 0 rg BT 119.87 239.80 Td (the ) Tj ET Q q 0 0 0 rg BT 136.06 239.80 Td (year ) Tj ET Q q 0 0 0 rg BT 157.74 239.80 Td (ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 186.75 239.80 Td (June30, 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 248.17 239.80 Td ( other than the reduction in previously accrued contingent ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 226.60 Td (consideration payable of $19.6 million recorded in the second quarter of fiscal 2017. ) Tj ET Q q 0 0 0 rg BT 424.60 226.60 Td (This payable was previously ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 213.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 91.22 213.40 Td (in ) Tj ET Q q 0 0 0 rg BT 102.53 213.40 Td (the ) Tj ET Q q 0 0 0 rg BT 118.72 213.40 Td (1 ) Tj ET Q q 0 0 0 rg BT 126.97 213.40 Td (to ) Tj ET Q q 0 0 0 rg BT 138.27 213.40 Td (3 ) Tj ET Q q 0 0 0 rg BT 146.52 213.40 Td (year ) Tj ET Q q 0 0 0 rg BT 168.20 213.40 Td (period ) Tj ET Q q 0 0 0 rg BT 199.05 213.40 Td (as ) Tj ET Q q 0 0 0 rg BT 210.97 213.40 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 254.65 213.40 Td (in ) Tj ET Q q 0 0 0 rg BT 265.96 213.40 Td (our ) Tj ET Q /GS0 gs q 54.30 0 0 11.00 283.37 211.03 cm /I21 Do Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 187.00 Td (Merger) Tj ET Q q 0 0 0 rg BT 85.00 187.00 Td (-Related Expenses) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 173.80 Td (In September 2015, the Company entered into a mer) Tj ET Q q 0 0 0 rg BT 280.43 173.80 Td (ger agreement with Media General, Inc. ) Tj ET Q q 0 0 0 rg BT 458.60 173.80 Td (This agreement was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 160.60 Td (terminated in January 2016. In exchange for terminating the mer) Tj ET Q q 0 0 0 rg BT 333.87 160.60 Td (ger agreement, the Company received ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 503.68 160.60 Td ($60.0 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 147.40 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 81.78 147.40 Td ( in cash. During the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 191.45 147.40 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 245.53 147.40 Td ( of fiscal 2016, the Company incurred ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 415.38 147.40 Td ($16.5 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 474.66 147.40 Td ( in mer) Tj ET Q q 0 0 0 rg BT 505.62 147.40 Td (ger) Tj ET Q q 0 0 0 rg BT 519.44 147.40 Td (-related ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 134.20 Td (expenses.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 107.80 Td (Shar) Tj ET Q q 0 0 0 rg BT 72.42 107.80 Td (e Repur) Tj ET Q q 0 0 0 rg BT 109.80 107.80 Td (chase Pr) Tj ET Q q 0 0 0 rg BT 149.61 107.80 Td (ogram) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 94.60 Td (As part of our ongoing share repurchase program, we spent ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 313.61 94.60 Td ($51.1 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 372.89 94.60 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 423.61 94.60 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 477.69 94.60 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 492.35 94.60 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 540.92 94.60 Td ( to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 81.40 Td (repurchase 898,000 shares of common stock at then-current market prices. ) Tj ET Q q 0 0 0 rg BT 380.30 81.40 Td (W) Tj ET Q q 0 0 0 rg BT 389.80 81.40 Td (e spent ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 423.40 81.40 Td ($13.4 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 482.68 81.40 Td ( to repurchase ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 68.20 Td (302,000 shares in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 166.70 68.20 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 220.78 68.20 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 235.45 68.20 Td (fiscal 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 284.02 68.20 Td (. ) Tj ET Q q 0 0 0 rg BT 289.32 68.20 Td (W) Tj ET Q q 0 0 0 rg BT 298.82 68.20 Td (e expect to continue repurchasing shares from time to time ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 55.00 Td (subject to market conditions. Shares that are deemed to be delivered to us on tender of stock in payment for the ) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (27) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 741.40 Td (exercise price of options do not reduce the repurchase authority granted by our Board of Directors. Of the 898,000 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.20 Td (shares of common stock purchased during the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 274.83 728.20 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 328.92 728.20 Td ( of the current fiscal year) Tj ET Q q 0 0 0 rg BT 438.72 728.20 Td (, 639,000 were deemed to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.00 Td (be delivered to us on tender of stock in payment for the exercise price of options. ) Tj ET Q q 0 0 0 rg BT 408.92 715.00 Td (As of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 435.81 715.00 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 505.76 715.00 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 511.26 715.00 Td ($70.2 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 701.80 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 81.78 701.80 Td ( remained available under the current authorization for future repurchases. ) Tj ET Q q 0 0 0 rg BT 411.13 701.80 Td (The status of the repurchase ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.60 Td (program is reviewed at each quarterly Board of Directors meeting. See Part II, Item 2 \(c\), ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 446.15 688.60 Td (Issuer Repur) Tj ET Q q 0 0 0 rg BT 502.26 688.60 Td (chases of ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 675.40 Td (Equity Securities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 124.84 675.40 Td (, ) Tj ET Q q 0 0 0 rg BT 130.34 675.40 Td (of ) Tj ET Q q 0 0 0 rg BT 142.25 675.40 Td (this ) Tj ET Q /GS0 gs q 54.30 0 0 11.01 160.90 673.03 cm /I22 Do Q q 0 0 0 rg BT 215.19 675.40 Td (for ) Tj ET Q q 0 0 0 rg BT 230.77 675.40 Td (detailed ) Tj ET Q q 0 0 0 rg BT 268.33 675.40 Td (information ) Tj ET Q q 0 0 0 rg BT 323.02 675.40 Td (on ) Tj ET Q q 0 0 0 rg BT 336.77 675.40 Td (share ) Tj ET Q q 0 0 0 rg BT 362.73 675.40 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 417.39 675.40 Td (during ) Tj ET Q q 0 0 0 rg BT 448.86 675.40 Td (the ) Tj ET Q q 0 0 0 rg BT 465.05 675.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 498.95 675.40 Td (ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 662.20 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 119.96 662.20 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 635.80 Td (Dividends) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 622.60 Td (Dividends paid in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 167.62 622.60 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 221.70 622.60 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 236.37 622.60 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 284.94 622.60 Td ( totaled ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 320.37 622.60 Td ($68.4 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 379.65 622.60 Td (, or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 397.06 622.60 Td ($1.51) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 421.81 622.60 Td ( per share, compared with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 609.40 Td (dividend payments of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 148.07 609.40 Td ($63.7 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 207.35 609.40 Td (, or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 224.76 609.40 Td ($1.41) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 249.51 609.40 Td ( per share, in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 345.73 609.40 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.81 609.40 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 414.47 609.40 Td (fiscal 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 463.04 609.40 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 583.00 Td (Capital Expenditur) Tj ET Q q 0 0 0 rg BT 141.18 583.00 Td (es) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 569.80 Td (Investment in property) Tj ET Q q 0 0 0 rg BT 149.48 569.80 Td (, plant, and equipment totaled ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 282.98 569.80 Td ($16.2 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 342.26 569.80 Td ( in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 392.97 569.80 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 447.05 569.80 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 461.72 569.80 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 510.29 569.80 Td ( compared ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 556.60 Td (with prior) Tj ET Q q 0 0 0 rg BT 93.47 556.60 Td (-year first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 139.28 556.60 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 193.36 556.60 Td (' investment of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 261.02 556.60 Td ($13.4 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 320.31 556.60 Td (. Current year and prior year investment spending ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 543.40 Td (primarily relate to assets acquired in the normal course of business. ) Tj ET Q q 0 0 0 rg BT 348.55 543.40 Td (W) Tj ET Q q 0 0 0 rg BT 358.05 543.40 Td (e have a $14.1 million commitment to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 530.20 Td (purchase a corporate airplane in fiscal 2017. ) Tj ET Q q 0 0 0 rg BT 247.10 530.20 Td (W) Tj ET Q q 0 0 0 rg BT 256.60 530.20 Td (e have no other material commitments for capital expenditures. ) Tj ET Q q 0 0 0 rg BT 537.42 530.20 Td (W) Tj ET Q q 0 0 0 rg BT 546.92 530.20 Td (e ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 517.00 Td (expect funds for future capital expenditures to come from operating activities or) Tj ET Q q 0 0 0 rg BT 401.74 517.00 Td (, if necessary) Tj ET Q q 0 0 0 rg BT 458.75 517.00 Td (, borrowings under ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 503.80 Td (existing credit agreements.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 257.95 464.20 Td (OTHER MA) Tj ET Q q 0 0 0 rg BT 317.94 464.20 Td (TTERS) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 437.80 Td (CRITICAL) Tj ET Q q 0 0 0 rg BT 104.40 437.80 Td ( ) Tj ET Q q 0 0 0 rg BT 106.55 437.80 Td (ACCOUNTING POLICIES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 411.40 Td (Meredith's ) Tj ET Q q 0 0 0 rg BT 99.33 411.40 Td (critical ) Tj ET Q q 0 0 0 rg BT 132.62 411.40 Td (accounting ) Tj ET Q q 0 0 0 rg BT 183.63 411.40 Td (policies ) Tj ET Q q 0 0 0 rg BT 220.59 411.40 Td (are ) Tj ET Q q 0 0 0 rg BT 236.77 411.40 Td (summarized ) Tj ET Q q 0 0 0 rg BT 293.28 411.40 Td (in ) Tj ET Q q 0 0 0 rg BT 304.58 411.40 Td (our ) Tj ET Q /GS0 gs q 54.30 0 0 11.00 322.00 409.03 cm /I23 Do Q q 0 0 0 rg BT 376.29 411.40 Td (for ) Tj ET Q q 0 0 0 rg BT 391.87 411.40 Td (the ) Tj ET Q q 0 0 0 rg BT 408.06 411.40 Td (year ) Tj ET Q q 0 0 0 rg BT 429.74 411.40 Td (ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 458.75 411.40 Td (June30, 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 520.16 411.40 Td (. ) Tj ET Q q 0 0 0 rg BT 525.06 411.40 Td (As of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 398.20 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 119.96 398.20 Td (, the Company's critical accounting policies had not changed from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 413.66 398.20 Td (June30, 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 475.07 398.20 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 371.80 Td (The Company has a significant amount of goodwill and indefinite-lived intangible assets that are reviewed at least ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 358.60 Td (annually for impairment. ) Tj ET Q q 0 0 0 rg BT 161.80 358.60 Td (At ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 175.55 358.60 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 245.51 358.60 Td (, goodwill and intangible assets totaled ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 419.34 358.60 Td ($1.8 billion) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 470.07 358.60 Td ( with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 495.12 358.60 Td ($1.0 billion) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 545.85 358.60 Td ( in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 345.40 Td (the national media group and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 181.04 345.40 Td ($0.8 billion) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 231.77 345.40 Td ( in the local media group. Management is required to evaluate goodwill ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 332.20 Td (and intangible assets with indefinite lives for impairment on an annual basis or when events occur or circumstances ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 319.00 Td (change that would indicate the carrying value exceeds the fair value. See Item 1A. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 414.68 319.00 Td (Risk Factors) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 470.59 319.00 Td ( and) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 489.22 319.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 491.97 319.00 Td (Note4 to the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 305.80 Td (consolidated financial statements in our Form10-K for the year ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 361.88 305.80 Td (June30, 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 423.29 305.80 Td (, for additional information.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 271.40 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 128.54 271.40 Td (AND REPOR) Tj ET Q q 0 0 0 rg BT 193.23 271.40 Td (TING DEVELOPMENTS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 245.00 Td (There were no new accounting pronouncements issued or ef) Tj ET Q q 0 0 0 rg BT 314.32 245.00 Td (fective during the fiscal year which have had or are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 231.80 Td (expected to have a material impact on the consolidated financial statements. See Note1 to the condensed ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 218.60 Td (consolidated financial statements for further detail on applicable accounting pronouncements that were adopted in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 205.40 Td (the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.66 205.40 Td (nine months) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 140.74 205.40 Td ( of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 155.40 205.40 Td (fiscal 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 203.97 205.40 Td ( or will be ef) Tj ET Q q 0 0 0 rg BT 259.98 205.40 Td (fective in future periods.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 179.00 Td (FOR) Tj ET Q q 0 0 0 rg BT 72.83 179.00 Td (W) Tj ET Q q 0 0 0 rg BT 82.61 179.00 Td (ARD LOOKING ST) Tj ET Q q 0 0 0 rg BT 178.37 179.00 Td (A) Tj ET Q q 0 0 0 rg BT 185.50 179.00 Td (TEMENTS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 152.60 Td (Except for the historical information contained herein, the matters discussed in this Form10-Q are forward-looking ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 139.40 Td (statements that involve risks and uncertainties that could cause actual results to dif) Tj ET Q q 0 0 0 rg BT 412.70 139.40 Td (fer materially from those ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 126.20 Td (predicted by such forward-looking statements. ) Tj ET Q q 0 0 0 rg BT 256.91 126.20 Td (These statements are based on management's current knowledge and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 113.00 Td (estimates of factors af) Tj ET Q q 0 0 0 rg BT 146.62 113.00 Td (fecting the Company's operations. Readers are cautioned not to place undue reliance on such ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 99.80 Td (forward-looking information. Factors that could adversely af) Tj ET Q q 0 0 0 rg BT 317.08 99.80 Td (fect future results include, but are not limited to, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 86.60 Td (downturns in national and/or local economies; a softening of the domestic advertising market; world, national, or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 73.40 Td (local events that could disrupt broadcast television; increased consolidation among major advertisers or other events ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 60.20 Td (depressing the level of advertising spending; the unexpected loss or insolvency of one or more major clients; the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 47.00 Td (integration of acquired businesses; changes in consumer reading, purchasing and/or television viewing patterns; ) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (28) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 741.40 Td (increases in paper) Tj ET Q q 0 0 0 rg BT 128.35 741.40 Td (, postage, printing, syndicated programming or other costs; changes in television network ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.20 Td (af) Tj ET Q q 0 0 0 rg BT 58.35 728.20 Td (filiation agreements; technological developments af) Tj ET Q q 0 0 0 rg BT 286.01 728.20 Td (fecting products or methods of distribution; changes in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.00 Td (government regulations af) Tj ET Q q 0 0 0 rg BT 165.26 715.00 Td (fecting the Company's industries; increases in interest rates; and the consequences of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 701.80 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 105.30 701.80 Td (and/or ) Tj ET Q q 0 0 0 rg BT 136.15 701.80 Td (dispositions. ) Tj ET Q q 0 0 0 rg BT 194.22 701.80 Td (Meredith's ) Tj ET Q /GS0 gs q 54.30 0 0 11.00 243.55 699.43 cm /I24 Do Q q 0 0 0 rg BT 297.85 701.80 Td (for ) Tj ET Q q 0 0 0 rg BT 313.43 701.80 Td (the ) Tj ET Q q 0 0 0 rg BT 329.61 701.80 Td (year ) Tj ET Q q 0 0 0 rg BT 351.29 701.80 Td (ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 380.31 701.80 Td (June30, 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 441.72 701.80 Td (, includes a more complete ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.60 Td (description of the risk factors that may af) Tj ET Q q 0 0 0 rg BT 230.94 688.60 Td (fect our results. ) Tj ET Q q 0 0 0 rg BT 301.60 688.60 Td (The Company undertakes no obligation to update any ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 675.40 Td (forward-looking statement, whether as a result of new information, future events, or otherwise.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 53.00 615.35 Td (Item 3.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 107.00 615.35 Td (Quantitative and Qualitative Disclosures about Market Risk) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 573.20 Td (Meredith is exposed to certain market risks as a result of our use of financial instruments, in particular the potential ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 560.00 Td (market value loss arising from adverse changes in interest rates. ) Tj ET Q q 0 0 0 rg BT 333.57 560.00 Td (The Company does not utilize financial instruments ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 546.80 Td (for trading purposes and does not hold any derivative financial instruments that could expose the Company to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 533.60 Td (significant market risk. Readers are referred to Item 7A, ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 299.54 533.60 Td (Quantitative and Qualitative Disclosur) Tj ET Q q 0 0 0 rg BT 471.14 533.60 Td (es about Market ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 520.40 Td (Risk,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 71.69 520.40 Td ( ) Tj ET Q q 0 0 0 rg BT 74.44 520.40 Td (in ) Tj ET Q q 0 0 0 rg BT 85.74 520.40 Td (the ) Tj ET Q q 0 0 0 rg BT 101.93 520.40 Td (Company's ) Tj ET Q /GS0 gs q 54.30 0 0 11.01 153.72 518.03 cm /I25 Do Q q 0 0 0 rg BT 208.02 520.40 Td (for ) Tj ET Q q 0 0 0 rg BT 223.59 520.40 Td (the ) Tj ET Q q 0 0 0 rg BT 239.78 520.40 Td (year ) Tj ET Q q 0 0 0 rg BT 261.46 520.40 Td (ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 290.47 520.40 Td (June30, 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 351.89 520.40 Td (, for a more complete discussion of these risks.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 494.00 Td (Inter) Tj ET Q q 0 0 0 rg BT 73.63 494.00 Td (est Rates) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 480.80 Td (W) Tj ET Q q 0 0 0 rg BT 59.50 480.80 Td (e generally strive to manage our risk associated with interest rate movements through the use of a combination of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 467.60 Td (variable and fixed-rate debt. ) Tj ET Q q 0 0 0 rg BT 176.13 467.60 Td (At ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 189.88 467.60 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 259.84 467.60 Td (, Meredith had ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 327.05 467.60 Td ($50.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 386.33 467.60 Td ( outstanding in fixed-rate long-term ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 454.40 Td (debt. In addition, Meredith has ef) Tj ET Q q 0 0 0 rg BT 196.73 454.40 Td (fectively converted the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 300.27 454.40 Td ($250.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 365.05 454.40 Td ( floating-rate senior notes and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 499.14 454.40 Td ($50.0 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 558.42 454.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 441.20 Td (of the term loan to fixed-rate debt through the use of interest rate swaps. Since the interest rate swaps hedge the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 428.00 Td (variability of interest payments on variable-rate debt with the same terms, they qualify for cash flow hedge ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 414.80 Td (accounting treatment. ) Tj ET Q q 0 0 0 rg BT 147.85 414.80 Td (There are no earnings or liquidity risks associated with the Company's fixed-rate debt. ) Tj ET Q q 0 0 0 rg BT 529.63 414.80 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 401.60 Td (fair value of the fixed-rate debt \(based on discounted cash flows reflecting borrowing rates currently available for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 388.40 Td (debt with similar terms and maturities\) varies with fluctuations in interest rates. ) Tj ET Q q 0 0 0 rg BT 401.61 388.40 Td (A) Tj ET Q q 0 0 0 rg BT 408.95 388.40 Td ( 10 percent decrease in interest ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 375.20 Td (rates would have changed the fair value of the fixed-rate debt to $50.2 million from $50.1 million at ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 492.93 375.20 Td (March31, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 362.00 Td (2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 362.00 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 335.60 Td (At ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 63.75 335.60 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 133.71 335.60 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 139.21 335.60 Td ($583.8 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 203.99 335.60 Td ( of our debt was variable-rate debt before consideration of the impact of the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 322.40 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 82.19 322.40 Td (The Company is subject to earnings and liquidity risks for changes in the interest rate on the portion of this ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 309.20 Td (debt that is not hedged by interest rate swaps. ) Tj ET Q q 0 0 0 rg BT 252.23 309.20 Td (A) Tj ET Q q 0 0 0 rg BT 259.57 309.20 Td ( 10 percent increase in interest rates would increase annual interest ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 296.00 Td (expense by $0.6 million.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 269.60 Td (The fair value of the interest rate swaps is the estimated amount, based on discounted cash flows, the Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 256.40 Td (would pay or receive to terminate the swap agreements. ) Tj ET Q q 0 0 0 rg BT 297.82 256.40 Td (W) Tj ET Q q 0 0 0 rg BT 307.32 256.40 Td (e intend to continue to meet the conditions for hedge ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 243.20 Td (accounting. However) Tj ET Q q 0 0 0 rg BT 143.63 243.20 Td (, if hedges were not highly ef) Tj ET Q q 0 0 0 rg BT 272.04 243.20 Td (fective in of) Tj ET Q q 0 0 0 rg BT 324.98 243.20 Td (fsetting cash flows attributable to the hedged risk, the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 230.00 Td (changes in the fair value of the derivatives used as hedges could have an impact on our consolidated net earnings.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 203.60 Td (Br) Tj ET Q q 0 0 0 rg BT 62.02 203.60 Td (oadcast Rights Payable) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 190.40 Td (There has been no material change in the market risk associated with broadcast rights payable since ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 491.06 190.40 Td (June30, 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 552.47 190.40 Td (.) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (29) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 53.00 738.55 Td (Item 4.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 107.00 738.55 Td (Controls and Procedures) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 696.40 Td (Meredith's Chief Executive Of) Tj ET Q q 0 0 0 rg BT 184.66 696.40 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 308.47 696.40 Td (ficer have concluded, based on their evaluation as of the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 683.20 Td (end ) Tj ET Q q 0 0 0 rg BT 68.63 683.20 Td (of ) Tj ET Q q 0 0 0 rg BT 80.55 683.20 Td (the ) Tj ET Q q 0 0 0 rg BT 96.73 683.20 Td (period ) Tj ET Q q 0 0 0 rg BT 127.59 683.20 Td (covered ) Tj ET Q q 0 0 0 rg BT 165.15 683.20 Td (by ) Tj ET Q q 0 0 0 rg BT 178.90 683.20 Td (this ) Tj ET Q q 0 0 0 rg BT 197.54 683.20 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 242.44 683.20 Td (Report ) Tj ET Q q 0 0 0 rg BT 275.12 683.20 Td (on ) Tj ET Q /GS0 gs q 57.05 0 0 11.00 288.87 680.83 cm /I26 Do Q q 0 0 0 rg BT 345.92 683.20 Td (that ) Tj ET Q q 0 0 0 rg BT 365.17 683.20 Td (the ) Tj ET Q q 0 0 0 rg BT 381.35 683.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 433.14 683.20 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 480.49 683.20 Td (controls ) Tj ET Q q 0 0 0 rg BT 518.68 683.20 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 670.00 Td (procedures are ef) Tj ET Q q 0 0 0 rg BT 125.53 670.00 Td (fective in ensuring that information required to be disclosed in the reports that Meredith files or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 656.80 Td (submits under the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 222.60 656.80 Td (Act of 1934 is \(i\) recorded, processed, summarized, and reported within the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 643.65 Td (time periods specified in the United States Securities and Exchange Commission's rules and forms and \(ii\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 630.40 Td (accumulated and communicated to Meredith's management, including the Chief Executive Of) Tj ET Q q 0 0 0 rg BT 462.62 630.40 Td (ficer and Chief ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 617.20 Td (Financial Of) Tj ET Q q 0 0 0 rg BT 105.09 617.20 Td (ficer) Tj ET Q q 0 0 0 rg BT 124.80 617.20 Td (, to allow timely decisions regarding required disclosures. ) Tj ET Q q 0 0 0 rg BT 381.82 617.20 Td (There have been no significant changes ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 604.00 Td (in the Company's internal control over financial reporting in the quarter ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 396.54 604.00 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 466.50 604.00 Td (, that have materially ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 590.80 Td (af) Tj ET Q q 0 0 0 rg BT 58.35 590.80 Td (fected, or are reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 264.00 590.80 Td (fect, the Company's internal control over financial reporting.) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (30) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 53.00 738.55 Td (PART II) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 262.70 738.55 Td (OTHER INFORMATION) Tj ET Q BT /F1 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 53.00 679.40 Td (Item 1A.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 109.00 679.40 Td (Risk Factors) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 635.40 Td (There have been no material changes to the Company's risk factors as disclosed in Item 1A, ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 456.11 635.40 Td (Risk Factors) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 512.02 635.40 Td (, in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 622.20 Td (Company's ) Tj ET Q /GS0 gs q 54.30 0 0 11.00 101.79 619.83 cm /I27 Do Q q 0 0 0 rg BT 156.08 622.20 Td (for ) Tj ET Q q 0 0 0 rg BT 171.66 622.20 Td (the ) Tj ET Q q 0 0 0 rg BT 187.85 622.20 Td (year ) Tj ET Q q 0 0 0 rg BT 209.53 622.20 Td (ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 238.54 622.20 Td (June30, 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 299.95 622.20 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 53.00 562.00 Td (Item 2.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 107.00 562.00 Td (Unregistered Sales of Equity Securities and Use of Proceeds) Tj ET Q BT /F1 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 70.75 509.65 Td (\(c\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 509.65 Td (Issuer Repurchases of Equity Securities) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 478.85 Td (The following table sets forth information with respect to the Company's repurchases of common stock during the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 465.65 Td (quarter ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 112.91 465.65 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 182.87 465.65 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 373.95 121.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 172.50 373.95 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 373.95 23.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 373.95 14.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 373.95 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 373.95 20.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 373.95 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 373.95 29.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 373.95 30.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 373.95 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 373.95 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 323.95 121.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 172.50 323.95 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 323.95 23.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 323.95 14.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 323.95 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 323.95 20.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 323.95 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 323.95 29.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 323.95 30.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 323.95 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 323.95 40.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 441.95 m 51.5 388.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 441.95 m 172.5 388.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 441.95 m 172.5 441.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 388.95 m 172.5 388.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 441.95 m 233.5 441.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 388.95 m 233.5 388.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 441.95 m 256.5 388.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 441.95 m 256.5 441.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 388.95 m 256.5 388.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 441.95 m 270.5 441.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 388.95 m 270.5 388.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 441.95 m 310.5 441.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 388.95 m 310.5 388.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 441.95 m 330.5 441.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 388.95 m 330.5 388.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 441.95 m 330.5 388.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 441.95 m 410.5 441.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 388.95 m 410.5 388.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 441.95 m 439.5 441.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 388.95 m 439.5 388.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 441.95 m 439.5 388.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 441.95 m 469.5 441.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 388.95 m 469.5 388.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 441.95 m 519.5 441.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 388.95 m 519.5 388.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 559.5 441.95 m 559.5 388.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 441.95 m 559.5 441.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 388.95 m 559.5 388.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 388.95 m 51.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 388.95 m 172.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 373.95 m 172.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 373.95 m 233.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 388.95 m 256.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 373.95 m 256.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 373.95 m 270.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 373.95 m 310.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 373.95 m 330.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 388.95 m 330.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 373.95 m 410.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 373.95 m 439.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 388.95 m 439.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 373.95 m 469.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 373.95 m 519.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 559.5 388.95 m 559.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 373.95 m 559.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 373.95 m 51.5 348.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 373.95 m 172.5 348.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 373.95 m 172.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 348.95 m 172.5 348.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 373.95 m 172.5 348.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 373.95 m 233.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 348.95 m 233.5 348.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 373.95 m 256.5 348.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 348.95 m 256.5 348.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 348.95 m 270.5 348.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 373.95 m 310.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 348.95 m 310.5 348.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 348.95 m 330.5 348.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 373.95 m 330.5 348.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 373.95 m 410.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 348.95 m 410.5 348.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 348.95 m 439.5 348.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 373.95 m 439.5 348.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 373.95 m 469.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 348.95 m 469.5 348.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 373.95 m 519.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 348.95 m 519.5 348.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 559.5 373.95 m 559.5 348.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 348.95 m 559.5 348.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 348.95 m 51.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 348.95 m 172.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 348.95 m 172.5 348.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 323.95 m 172.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 348.95 m 172.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 323.95 m 233.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 348.95 m 256.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 323.95 m 256.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 323.95 m 270.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 323.95 m 310.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 323.95 m 330.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 348.95 m 330.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 323.95 m 410.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 323.95 m 439.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 348.95 m 439.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 323.95 m 469.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 323.95 m 519.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 559.5 348.95 m 559.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 323.95 m 559.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 323.95 m 51.5 298.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 323.95 m 172.5 298.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 323.95 m 172.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 298.95 m 172.5 298.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 323.95 m 172.5 298.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 298.95 m 233.5 298.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 323.95 m 256.5 298.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 298.95 m 256.5 298.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 298.95 m 270.5 298.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 298.95 m 310.5 298.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 298.95 m 330.5 298.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 323.95 m 330.5 298.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 298.95 m 410.5 298.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 298.95 m 439.5 298.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 323.95 m 439.5 298.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 298.95 m 469.5 298.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 298.95 m 519.5 298.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 559.5 323.95 m 559.5 298.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 298.95 m 559.5 298.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 298.95 m 51.5 282.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 298.95 m 172.5 282.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 282.95 m 172.5 282.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 282.95 m 233.5 282.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 298.95 m 256.5 282.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 282.95 m 256.5 282.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 282.95 m 270.5 282.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 282.95 m 310.5 282.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 282.95 m 330.5 282.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 298.95 m 330.5 282.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 282.95 m 410.5 282.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 282.95 m 439.5 282.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 298.95 m 439.5 282.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 282.95 m 469.5 282.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 282.95 m 519.5 282.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 559.5 298.95 m 559.5 282.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 282.95 m 559.5 282.95 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 393.63 Td (Period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.15 432.68 Td (\(a\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.50 422.68 Td (T) Tj ET Q q 0 0 0 rg BT 185.25 422.68 Td (otal number) Tj ET Q q 0 0 0 rg BT 237.57 422.68 Td ( of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.45 412.68 Td (shar) Tj ET Q q 0 0 0 rg BT 219.16 412.68 Td (es ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.70 402.68 Td (pur) Tj ET Q q 0 0 0 rg BT 201.08 402.68 Td (chased ) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 232.47 407.21 Td (1, 2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.85 432.68 Td (\(b\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.50 422.68 Td (A) Tj ET Q q 0 0 0 rg BT 269.98 422.68 Td (verage price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.50 412.68 Td (paid) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.00 402.68 Td (per) Tj ET Q q 0 0 0 rg BT 287.26 402.68 Td ( shar) Tj ET Q q 0 0 0 rg BT 308.47 402.68 Td (e) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.95 432.68 Td (\(c\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.25 422.68 Td (T) Tj ET Q q 0 0 0 rg BT 341.00 422.68 Td (otal number) Tj ET Q q 0 0 0 rg BT 393.32 422.68 Td ( of shar) Tj ET Q q 0 0 0 rg BT 425.36 422.68 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.80 412.68 Td (pur) Tj ET Q q 0 0 0 rg BT 356.18 412.68 Td (chased as part of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.25 402.68 Td (publicly) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.90 392.68 Td ( announced pr) Tj ET Q q 0 0 0 rg BT 399.40 392.68 Td (ograms) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.85 432.68 Td (\(d\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 422.68 Td (Appr) Tj ET Q q 0 0 0 rg BT 466.75 422.68 Td (oximate dollar) Tj ET Q q 0 0 0 rg BT 528.51 422.68 Td ( value ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 412.68 Td (of shar) Tj ET Q q 0 0 0 rg BT 481.69 412.68 Td (es that may yet ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.65 402.68 Td (be pur) Tj ET Q q 0 0 0 rg BT 484.53 402.68 Td (chased under) Tj ET Q q 0 0 0 rg BT 541.30 402.68 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.25 392.68 Td (pr) Tj ET Q q 0 0 0 rg BT 488.07 392.68 Td (ograms) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.35 378.41 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 363.62 Td (January 1 to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 353.62 Td (January 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.15 353.62 Td (318,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 353.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.10 353.62 Td (61.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 353.62 Td (47,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 353.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 353.62 Td (71,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 338.62 Td (February 1 to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 328.62 Td (February 28, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.15 328.62 Td (53,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.10 328.62 Td (62.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 328.62 Td (9,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 328.62 Td (70,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 313.62 Td (March 1 to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 303.62 Td (March 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.15 303.62 Td (27,153) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.10 303.62 Td (65.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 303.62 Td (4,010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 303.62 Td (70,223) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 287.63 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.15 287.62 Td (399,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 287.62 Td (61,366) Tj ET Q BT /F1 10.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 65.25 264.72 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 264.20 Td (The number of shares purchased includes 47,784 shares in January 2017, 9,542 shares in February 2017, and 3,700 shares in March) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 255.20 Td (2017 delivered or deemed to be delivered to us in satisfaction of tax withholding on option exercises and the vesting of restricted) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 246.20 Td (shares. These shares are included as part of our repurchase program and reduce the repurchase authority granted by our Board. The) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 237.20 Td (number of shares repurchased excludes shares we reacquired pursuant to forfeitures of restricted stock.) Tj ET Q BT /F3 5.85 Tf ET q 0 0 0 rg BT 65.25 224.72 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 224.20 Td (The number of shares purchased includes 270,834 shares in January 2017, 44,333 in February 2017, and 23,143 shares in March) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 215.20 Td (2017 deemed to be delivered to us on tender of stock in payment for the exercise price of options. These shares do not reduce the) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 206.20 Td (repurchase authority granted by our Board.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 174.20 Td (In May 2014, Meredith announced the Board of Directors had authorized the repurchase of up to $100.0 million in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 161.00 Td (additional shares of the Company's stock through public and private transactions.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 134.60 Td (For more information on the Company's share repurchase program, see Part I, Item 2) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 423.74 134.60 Td (, Management's Discussion ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 121.40 Td (and ) Tj ET Q q 0 0 0 rg BT 69.05 121.40 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 327.24 121.40 Td (, under the heading "Share Repurchase Program.") Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (31) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 58.00 729.40 Td (Item 6.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 729.40 Td (Exhibits) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 121.35 703.37 Td (31.1) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 168.00 703.37 Td (Certification of Chief Executive Officer pursuant to Rule13a-14\(a\) and Rule15d-14) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 168.00 692.37 Td (\(a\) of the Securities Exchange Act, as amended.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 121.35 665.37 Td (31.2) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 168.00 665.37 Td (Certification of Chief Financial Officer pursuant to Rule13a-14\(a\) and Rule15d-14\(a\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 168.00 654.37 Td (of the Securities Exchange Act, as amended.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 125.50 627.37 Td (32) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 168.00 627.37 Td (Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 168.00 616.37 Td (U.S.C. Section1350, as adopted pursuant to Section906 of the Sarbanes-Oxley Act of) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 168.00 605.37 Td (2002.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 580.37 Td (101.INS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 168.00 580.37 Td (XBRL Instance Document) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 554.37 Td (101.SCH) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 168.00 554.37 Td (XBRL Taxonomy Extension Schema Document) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 528.37 Td (101.CAL) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 168.00 528.37 Td (XBRL Taxonomy Extension Calculation Linkbase Document) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 502.37 Td (101.DEF) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 168.00 502.37 Td (XBRL Taxonomy Extension Definition Linkbase Document) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 476.37 Td (101.LAB) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 168.00 476.37 Td (XBRL Taxonomy Extension Label Linkbase Document) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 450.37 Td (101.PRE) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 168.00 450.37 Td (XBRL Taxonomy Extension Presentation Linkbase Document) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (32) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 272.70 721.50 Td (SIGNATURE) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.00 698.52 Td (Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.00 687.52 Td (be signed on its behalf by the undersigned, thereunto duly authorized.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 580.4 m 457.5 580.4 l s BT /F1 11.00 Tf ET q 0 0 0 rg BT 205.00 633.32 Td (MEREDITH CORPORATION) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 205.00 617.32 Td (Registrant) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 205.00 586.27 Td (/s/ Joseph Ceryanec) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 205.00 569.32 Td (Joseph Ceryanec) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 205.00 553.32 Td (Chief Financial Officer) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 205.00 537.32 Td (\(Principal Financial and Accounting Officer\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 512.27 Td (Date:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 82.00 512.27 Td (April 27, 2017) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.75 31.60 Td (E-1) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 219.75 741.60 Td (INDEX ) Tj ET Q q 0 0 0 rg BT 257.75 741.60 Td (T) Tj ET Q q 0 0 0 rg BT 264.89 741.60 Td (O ) Tj ET Q q 0 0 0 rg BT 275.59 741.60 Td (A) Tj ET Q q 0 0 0 rg BT 282.72 741.60 Td (TT) Tj ET Q q 0 0 0 rg BT 296.57 741.60 Td (ACHED EXHIBITS) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 704.7 m 108.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 678.7 m 108.5 678.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108.5 704.7 m 112.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108.5 678.7 m 112.5 678.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 112.5 704.7 m 557.5 704.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 112.5 678.7 m 557.5 678.7 l s BT /F2 11.00 Tf ET q 0 0 0 rg BT 323.50 683.60 Td (Item) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 70.85 657.57 Td (31.1) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 115.00 657.57 Td (Certification of Chief Executive Officer pursuant to Rule13a-14\(a\) and Rule15d-14\(a\) of the) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 115.00 646.57 Td (Securities Exchange Act, as amended.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 70.85 619.57 Td (31.2) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 115.00 619.57 Td (Certification of Chief Financial Officer pursuant to Rule13a-14\(a\) and Rule15d-14\(a\) of the) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 115.00 608.57 Td (Securities Exchange Act, as amended.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 75.00 581.57 Td (32) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 115.00 581.57 Td (Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 115.00 570.57 Td (Section1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 56.00 543.57 Td (101.INS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 115.00 543.57 Td (XBRL Instance Document) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 56.00 517.57 Td (101.SCH) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 115.00 517.57 Td (XBRL Taxonomy Extension Schema Document) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 56.00 491.57 Td (101.CAL) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 115.00 491.57 Td (XBRL Taxonomy Extension Calculation Linkbase Document) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 56.00 465.57 Td (101.DEF) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 115.00 465.57 Td (XBRL Taxonomy Extension Definition Linkbase Document) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 56.00 439.57 Td (101.LAB) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 115.00 439.57 Td (XBRL Taxonomy Extension Label Linkbase Document) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 56.00 413.57 Td (101.PRE) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 115.00 413.57 Td (XBRL Taxonomy Extension Presentation Linkbase Document) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F2 11.00 Tf ET q 0 0 0 rg BT 505.15 741.60 Td (Exhibit 31.1) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 50 726.678564453125 m 138.64453125 726.678564453125 l s q 0 0 0 rg BT 50.00 728.40 Td (CER) Tj ET Q q 0 0 0 rg BT 72.84 728.40 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 110.53 728.40 Td (TION) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.20 Td (I, Stephen M. Lacy) Tj ET Q q 0 0 0 rg BT 133.90 715.20 Td (, certify that: ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.50 690.57 Td (1.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 690.57 Td (I have reviewed this Quarterly Report on Form 10-Q of Meredith Corporation;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.50 665.57 Td (2.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 665.57 Td (Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 654.57 Td (a material fact necessary to make the statements made, in light of the circumstances under which such) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 643.57 Td (statements were made, not misleading with respect to the period covered by this report;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.50 616.57 Td (3.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 616.57 Td (Based on my knowledge, the financial statements and other financial information included in this report) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 605.57 Td (fairly present, in all material respects, the financial condition, results of operations, and cash flows of the) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 594.57 Td (registrant as of, and for, the periods presented in this report;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.50 568.57 Td (4.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 568.57 Td (The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 557.57 Td (controls and procedures \(as defined in Exchange Act Rules 13a-15\(e\) and 15d-15\(e\)\) and internal control) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 546.57 Td (over financial reporting \(as defined in Exchange Act Rules 13a-15\(f\) and 15d-15\(f\)\) for the registrant and) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 535.57 Td (have:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 510.57 Td (a\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 510.57 Td (Designed such disclosure controls and procedures, or caused such disclosure controls and procedures) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 499.57 Td (to be designed under our supervision, to ensure that material information relating to the registrant,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 488.57 Td (including its consolidated subsidiaries, is made known to us by others within those entities,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 477.57 Td (particularly during the period in which this report is being prepared;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 452.57 Td (b\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 452.57 Td (Designed such internal control over financial reporting, or caused such internal control over financial) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 441.57 Td (reporting to be designed under our supervision, to provide reasonable assurance regarding the) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 430.57 Td (reliability of financial reporting and the preparation of financial statements for external purposes in) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 419.57 Td (accordance with generally accepted accounting principles;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 392.57 Td (c\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 392.57 Td (Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 381.57 Td (report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 370.57 Td (of the period covered by this report based on such evaluation; and) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 345.57 Td (d\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 345.57 Td (Disclosed in this report any change in the registrant's internal control over financial reporting that) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 334.57 Td (occurred during the registrant's most recent fiscal quarter \(the registrant's fourth fiscal quarter in the) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 323.57 Td (case of an annual report\) that has materially affected, or is reasonably likely to materially affect, the) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 312.57 Td (registrant's internal control over financial reporting; and) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.50 285.57 Td (5.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 285.57 Td (The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 274.57 Td (control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 263.57 Td (of directors \(or persons performing the equivalent functions\):) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 236.57 Td (a\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 236.57 Td (All significant deficiencies and material weaknesses in the design or operation of internal control over) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 225.57 Td (financial reporting which are reasonably likely to adversely affect the registrant's ability to record,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 214.57 Td (process, summarize, and report financial information; and) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 186.57 Td (b\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 186.57 Td (Any fraud, whether or not material, that involves management or other employees who have a) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 175.62 Td (significant role in the registrant's internal control over financial reporting.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 149.00 Td (Date: ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 75.96 149.00 Td (April27, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 140.43 149.00 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 195.5 124.5 m 414.5 124.5 l s BT /F1 11.00 Tf ET q 0 0 0 rg BT 198.00 128.37 Td (/s/ Stephen M. Lacy) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 198.00 114.37 Td (Stephen M. Lacy) Tj ET Q q 0 0 0 rg BT 272.74 114.37 Td (, Chairman of the Board, Chief ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 198.00 103.37 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 256.14 103.37 Td (ficer) Tj ET Q q 0 0 0 rg BT 275.84 103.37 Td (, and Director) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 198.00 92.42 Td (\(Principal Executive Of) Tj ET Q q 0 0 0 rg BT 302.26 92.42 Td (ficer\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 58.00 Td (A) Tj ET Q q 0 0 0 rg BT 55.93 58.00 Td ( signed original of this written statement r) Tj ET Q q 0 0 0 rg BT 224.17 58.00 Td (equir) Tj ET Q q 0 0 0 rg BT 244.91 58.00 Td (ed by Section 302 has been pr) Tj ET Q q 0 0 0 rg BT 364.51 58.00 Td (ovided to Mer) Tj ET Q q 0 0 0 rg BT 420.23 58.00 Td (edith and will be r) Tj ET Q q 0 0 0 rg BT 493.19 58.00 Td (etained by ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 46.00 Td (Mer) Tj ET Q q 0 0 0 rg BT 66.29 46.00 Td (edith and furnished to the Securities and Exchange Commission or its staff upon r) Tj ET Q q 0 0 0 rg BT 393.96 46.00 Td (equest.) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F2 11.00 Tf ET q 0 0 0 rg BT 505.15 741.60 Td (Exhibit 31.2) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 50 726.678564453125 m 138.64453125 726.678564453125 l s q 0 0 0 rg BT 50.00 728.40 Td (CER) Tj ET Q q 0 0 0 rg BT 72.84 728.40 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 110.53 728.40 Td (TION) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.20 Td (I, Joseph Ceryanec, certify that: ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.50 690.57 Td (1.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 690.57 Td (I have reviewed this Quarterly Report on Form 10-Q of Meredith Corporation;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.50 665.57 Td (2.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 665.57 Td (Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 654.57 Td (a material fact necessary to make the statements made, in light of the circumstances under which such) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 643.57 Td (statements were made, not misleading with respect to the period covered by this report;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.50 616.57 Td (3.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 616.57 Td (Based on my knowledge, the financial statements and other financial information included in this report) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 605.57 Td (fairly present, in all material respects, the financial condition, results of operations, and cash flows of the) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 594.57 Td (registrant as of, and for, the periods presented in this report;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.50 568.57 Td (4.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 568.57 Td (The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 557.57 Td (controls and procedures \(as defined in Exchange Act Rules 13a-15\(e\) and 15d-15\(e\)\) and internal control) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 546.57 Td (over financial reporting \(as defined in Exchange Act Rules 13a-15\(f\) and 15d-15\(f\)\) for the registrant and) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 535.57 Td (have:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 510.57 Td (a\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 510.57 Td (Designed such disclosure controls and procedures, or caused such disclosure controls and procedures) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 499.57 Td (to be designed under our supervision, to ensure that material information relating to the registrant,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 488.57 Td (including its consolidated subsidiaries, is made known to us by others within those entities,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 477.57 Td (particularly during the period in which this report is being prepared;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 452.57 Td (b\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 452.57 Td (Designed such internal control over financial reporting, or caused such internal control over financial) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 441.57 Td (reporting to be designed under our supervision, to provide reasonable assurance regarding the) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 430.57 Td (reliability of financial reporting and the preparation of financial statements for external purposes in) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 419.57 Td (accordance with generally accepted accounting principles;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 392.57 Td (c\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 392.57 Td (Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 381.57 Td (report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 370.57 Td (of the period covered by this report based on such evaluation; and) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 345.57 Td (d\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 345.57 Td (Disclosed in this report any change in the registrant's internal control over financial reporting that) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 334.57 Td (occurred during the registrant's most recent fiscal quarter \(the registrant's fourth fiscal quarter in the) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 323.57 Td (case of an annual report\) that has materially affected, or is reasonably likely to materially affect, the) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 312.57 Td (registrant's internal control over financial reporting; and) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 53.50 285.57 Td (5.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 285.57 Td (The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 274.57 Td (control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 263.57 Td (of directors \(or persons performing the equivalent functions\):) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 236.57 Td (a\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 236.57 Td (All significant deficiencies and material weaknesses in the design or operation of internal control over) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 225.57 Td (financial reporting which are reasonably likely to adversely affect the registrant's ability to record,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 214.57 Td (process, summarize, and report financial information; and) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.50 186.57 Td (b\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 186.57 Td (Any fraud, whether or not material, that involves management or other employees who have a) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.50 175.62 Td (significant role in the registrant's internal control over financial reporting.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 149.00 Td (Date: ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 75.96 149.00 Td (April27, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 140.43 149.00 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 195.5 124.5 m 414.5 124.5 l s BT /F1 11.00 Tf ET q 0 0 0 rg BT 198.00 128.37 Td (/s/ Joseph Ceryanec) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 198.00 114.37 Td (Joseph Ceryanec) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 198.00 103.37 Td (Chief Financial Of) Tj ET Q q 0 0 0 rg BT 280.28 103.37 Td (ficer) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 198.00 92.42 Td (\(Principal Financial and ) Tj ET Q q 0 0 0 rg BT 305.84 92.42 Td (Accounting Of) Tj ET Q q 0 0 0 rg BT 371.31 92.42 Td (ficer\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 59.00 Td (A) Tj ET Q q 0 0 0 rg BT 55.93 59.00 Td ( signed original of this written statement r) Tj ET Q q 0 0 0 rg BT 224.17 59.00 Td (equir) Tj ET Q q 0 0 0 rg BT 244.91 59.00 Td (ed by Section 302 has been pr) Tj ET Q q 0 0 0 rg BT 364.51 59.00 Td (ovided to Mer) Tj ET Q q 0 0 0 rg BT 420.23 59.00 Td (edith and will be r) Tj ET Q q 0 0 0 rg BT 493.19 59.00 Td (etained by ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 47.00 Td (Mer) Tj ET Q q 0 0 0 rg BT 66.29 47.00 Td (edith and furnished to the Securities and Exchange Commission or its staff upon r) Tj ET Q q 0 0 0 rg BT 393.96 47.00 Td (equest.) Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F2 11.00 Tf ET q 0 0 0 rg BT 281.70 741.60 Td (Exhibit 32) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 226.55 692.40 Td (CER) Tj ET Q q 0 0 0 rg BT 247.28 692.40 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 281.51 692.40 Td (TION PURSUANT) Tj ET Q q 0 0 0 rg BT 368.40 692.40 Td ( ) Tj ET Q q 0 0 0 rg BT 370.95 692.40 Td (T) Tj ET Q q 0 0 0 rg BT 377.47 692.40 Td (O) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 245.95 679.20 Td (18 U.S.C. SECTION 1350,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 233.40 666.00 Td (AS ) Tj ET Q q 0 0 0 rg BT 249.60 666.00 Td (ADOPTED PURSUANT) Tj ET Q q 0 0 0 rg BT 361.55 666.00 Td ( ) Tj ET Q q 0 0 0 rg BT 364.11 666.00 Td (T) Tj ET Q q 0 0 0 rg BT 370.63 666.00 Td (O) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 169.65 652.80 Td (SECTION 906 OF ) Tj ET Q q 0 0 0 rg BT 254.71 652.80 Td (THE SARBANES-OXLEY) Tj ET Q q 0 0 0 rg BT 376.82 652.80 Td ( ) Tj ET Q q 0 0 0 rg BT 378.97 652.80 Td (ACT) Tj ET Q q 0 0 0 rg BT 400.77 652.80 Td ( OF 2002) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 603.60 Td (In connection with the Quarterly Report on Form 10-Q of Meredith Corporation \(the Company\) for the period ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 590.40 Td (ended ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 79.01 590.40 Td (March31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 148.97 590.40 Td (, as filed with the Securities and Exchange Commission on the date hereof \(the Report\), we ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 577.20 Td (the undersigned certify) Tj ET Q q 0 0 0 rg BT 150.69 577.20 Td (, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 564.00 Td (Oxley ) Tj ET Q q 0 0 0 rg BT 79.03 564.00 Td (Act of 2002, that:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 531.37 Td ( 1\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 75.00 531.37 Td (The Report fully complies with the requirements of section 13\(a\) or 15\(d\) of the Securities Exchange Act of) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 75.00 520.42 Td (1934; and) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.00 492.37 Td ( 2\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 75.00 492.37 Td (The information contained in the Report fairly presents, in all material respects, the financial condition and) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 75.00 481.42 Td (results of operations of the Company.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 52.5 433.5 m 92.5 433.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 92.5 433.5 m 257.5 433.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 433.5 m 374.5 433.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 433.5 m 539.5 433.5 l s BT /F1 11.00 Tf ET q 0 0 0 rg BT 55.00 438.37 Td (/s/ Stephen M. Lacy) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 337.00 438.37 Td (/s/ Joseph Ceryanec) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 55.00 423.37 Td (Stephen M. Lacy) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 337.00 423.37 Td (Joseph Ceryanec) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 55.00 407.42 Td (Chairman of the Board, Chief Executive ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 55.00 396.42 Td (Of) Tj ET Q q 0 0 0 rg BT 66.41 396.42 Td (ficer) Tj ET Q q 0 0 0 rg BT 86.11 396.42 Td (, and Director) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 55.00 385.42 Td (\(Principal Executive Of) Tj ET Q q 0 0 0 rg BT 159.26 385.42 Td (ficer\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 337.00 408.37 Td (Chief Financial Of) Tj ET Q q 0 0 0 rg BT 419.28 408.37 Td (ficer) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 337.00 397.37 Td (\(Principal Financial and ) Tj ET Q q 0 0 0 rg BT 444.84 397.37 Td (Accounting Of) Tj ET Q q 0 0 0 rg BT 510.31 397.37 Td (ficer\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 55.00 365.37 Td (Dated:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 95.00 365.37 Td (April 27, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 337.00 365.37 Td (Dated:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 377.00 365.37 Td (April 27, 2017) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 325.00 Td (A) Tj ET Q q 0 0 0 rg BT 55.93 325.00 Td ( signed original of this written statement r) Tj ET Q q 0 0 0 rg BT 224.17 325.00 Td (equir) Tj ET Q q 0 0 0 rg BT 244.91 325.00 Td (ed by Section 906 has been pr) Tj ET Q q 0 0 0 rg BT 364.51 325.00 Td (ovided to Mer) Tj ET Q q 0 0 0 rg BT 420.23 325.00 Td (edith and will be r) Tj ET Q q 0 0 0 rg BT 493.19 325.00 Td (etained by ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 313.00 Td (Mer) Tj ET Q q 0 0 0 rg BT 66.29 313.00 Td (edith and furnished to the Securities and Exchange Commission or its staff upon r) Tj ET Q q 0 0 0 rg BT 393.96 313.00 Td (equest. ) Tj ET Q endstream endobj 79 0 obj <> /View <>>>>> endobj 80 0 obj <> /View <>>>>> endobj 81 0 obj <> endobj 82 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;