Wednesday, April 24, 2019

DATA Communications Management Corp. Announces Fourth Quarter and Year End Financial Results for 2018

BWW News Desk
March 21, 2019

DATA Communications Management Corp TSXDCM DCM or the Company a leading provider of marketing and business communication solutions to companies across North America announced its consolidated financial results for the year ended December 31 2018 pblockquotep idpullquotepblockquote p 2018 was an improved year for our Company said Gregory J Cochrane President amp CEO We reported the second consecutive year in a row of revenue growth after many years of continued declines Importantly we also showed improvements in gross profit and gross profit margin SGampA as percent of revenue adjusted EBITDA adjusted EBITDA margin net income and adjusted net income Revenue growth along with these other improved financial metrics was largely supported by the acquisitions DCM made in 2017 and 2018 together with some stability in our core DCM business p p Our core business was supported by the onboarding of a major financial services customer We also benefited from a onetime increase in volume in the first quarter of 2018 from a longstanding customer While the customer remains an important one we dont expect its volumes to recur at the same levels in 2019 However in the last half of 2018 we began to serve an emerging new market providing specialty label solutions to the cannabis market p p While our core traditional business continues to face secular challenges we remain optimistic that opportunities to continue to gain increased wallet share from our top customers will offset secular declines in certain parts of our business and that we will continue to experience growth in other markets including those served by our recent acquisitions p p FINALIZATION OF PURCHASE PRICE FOR PERENNIAL ACQUISITION p p On October 17 2018 the vendors of Perennial and DCM finalized the purchase price related to the Perennial acquisition resulting in a 01 million postclose working capital adjustment which will be paid in cash by DCM to the vendors of Perennial Inc in the fourth quarter of 2018 p p RESTRUCTURING p p Effective October 19 2018 DCM closed its corporate engineering department in Drummondville Qubec which was comprised of a staff of approximately 14 people The group was primarily responsible for the service and maintenance of DCMs traditional rotary offset and label presses which have now been consolidated in two facilities in Drummondville and Brampton Ontario and led the significant consolidation of DCMs facilities over the past several years Internal maintenance departments in Drummondville and Brampton are expected to support DCMs forms and label presses going forward while DCMs other equipment is typically serviced by original equipment manufacturers DCM included restructuring costs related to the closing of this department of 06 million in the fourth quarter of 2018 primarily relating to severances for terminated employees Total annualized savings from reduced labour and related overhead costs from the elimination of this group are estimated at 15 million p p Effective November 13 2019 DCM reduced its direct sales force by approximately 13 people DCM included restructuring costs of 07 million in the fourth quarter of 2019 primarily relating to severances for terminated employees Total annual savings from reduced labour and related overhead costs from the elimination of this group are estimated at approximately 14 million p p PERENNIAL JOINT VENTURE WITH APHRIA p p On November 7 2018 DCM announced that Perennial a wholly owned subsidiary of DCM and Aphria Inc Aphria a leading global cannabis company had entered into a joint venture agreement the JV for the purpose of the development production marketing and sale of nonAphria branded new products brands and product categories on the domestic and international adultuse cannabis markets The JV will initially focus on cannabisinfused products for the wellness medical and adultuse markets The JV is owned equally by Perennial and Aphria It will select specific projects to collaborate on and seek to leverage the respective capabilities of Perennial DCM and Aphria The JV agreement includes typical terms related to corporate governance capital contributions intellectual property and other standard matters As at December 31 2018 and for the year then ended the JV did not have any significant balances or transactions p p INVESTMENT IN NEW EQUIPMENT p p During the year ended December 31 2018 DCM secured the new Gallus Heidelberg hybrid digital label press This press will support DCMs current demand for cannabis label solutions and provide new opportunities in the wine and spirits markets offering a unique value proposition for these producers and distributors compared to their current offerings p p The Heidelberg sixcolour press has been installed in the Thistle operations during the first quarter of 2019 This new piece of equipment will provide enhanced capabilities allowing DCM to migrate more sheet fed volumes from tier two suppliers and will also help in improving operating efficiencies and gross margins as it will replace an older fivecolour press p p EXTENSION OF BANK CREDIT FACILITY p p On March 5 2019 DCM entered into a second amendment to its Bank Credit Facility Significant terms of the amendment made to DCMs Bank Credit Facility include an extension of the maturity date to January 31 2023 from its original maturity date of March 31 2020 a reduction in the interest rate payable on advances by 15 basis points from 075 per annum to 060 per annum the elimination of an early termination fee in the event the Bank Credit Facility is terminated or repaid prior to maturity and amendments related to the calculation of certain financial covenants as a result of the adoption of IFRS 16 effective for reporting periods on or after January 1 2019 The amendments related to IFRS 16 include clarification that the calculation of DCMs fixed charge coverage ratio under the Bank Credit Facility will be completed on substantially the same basis as prior to the adoption of IFRS 16 after giving effect to changes in the accounting treatment of leases related to rightofuse assets As a result definitions of certain terms related to IFRS 16 were added to the Bank Credit Facility The Companys financial covenant ratio with the Bank remains unchanged p p bRESULTS OF OPERATIONSb p p All financial information in this press release is presented in Canadian dollars and in accordance with International Financial Reporting Standards IFRS as issued by the International Accounting Standards Board IASB p p ibTable 1bi The following table sets out selected historical consolidated financial information for the periods noted p div classbwreleasetabletable cellspacing0 classbwtablemarginb tr td classbwsinglebottom td td classbwsinglebottom td td classbwsinglebottom colspan2 td td classbwsinglebottom td td classbwsinglebottom colspan2 td td classbwsinglebottom td td classbwsinglebottom td td classbwsinglebottom colspan2 td td classbwsinglebottom td td classbwsinglebottom td td classbwsinglebottom colspan2 td tr tr td classbwpadl0 bwvertalignt bwalignl bFor the periods ended December 31 2018 and 2017b td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignt bwalignc colspan2 p classbwcellpmargin bOct 1 tobbrbDec 31bbrb2018b p td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignt bwalignc colspan2 p classbwcellpmargin bOct 1 tobbrbDec 31bbrb2017b p td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignt bwalignc colspan2 p classbwcellpmargin bJan 1 tobbrbDec 31bbrb2018b p td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignt bwalignc colspan2 p classbwcellpmargin bJan 1 tobbrbDec 31bbrb2017b p td tr tr td classbwpadl0 bwvertalignb bwalignl bwsinglebottom iin thousands of Canadian dollars except share and per share amounts unauditedi td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom colspan2 bb td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom colspan2 bb td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom colspan2 bb td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom colspan2 bb td tr tr td classbwpadl0 bwvertalignt bwalignl Revenues sup1sup td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 81152 td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 76125 td td td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 322769 td td td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 289529 td td td tr tr td classbwpadl0 bwvertalignt bwalignl bwsinglebottom Cost of revenues td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 61279 td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 57771 td td classbwsinglebottom td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 244571 td td classbwsinglebottom td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 220138 td td classbwsinglebottom td tr tr td classbwpadl0 bwvertalignt bwalignl Gross profit td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 19873 td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 18354 td td td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 78198 td td td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 69391 td td td tr tr td td td td td colspan2 td td td td colspan2 td td td td td td colspan2 td td td td td td colspan2 td tr tr td classbwpadl0 bwvertalignt bwalignl Selling general and administrative expenses td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 15247 td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 15263 td td td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 66216 td td td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 61371 td td td tr tr td classbwpadl0 bwvertalignt bwalignl Restructuring expenses td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 1845 td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 4453 td td td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 2654 td td td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 9457 td td td tr tr td classbwpadl0 bwvertalignt bwalignl bwsinglebottom Acquisition costs td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 29 td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 381 td td classbwsinglebottom td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 348 td td classbwsinglebottom td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 1368 td td classbwsinglebottom td tr tr td td td td td colspan2 td td td td colspan2 td td td td td td colspan2 td td td td td td colspan2 td tr tr td classbwpadl0 bwvertalignt bwalignl bwsinglebottom Income loss before finance costs and income taxes td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 2752 td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 1743 td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 8980 td td classbwsinglebottom td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 2805 td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom td tr tr td td td td td colspan2 td td td td colspan2 td td td td td td colspan2 td td td td td td colspan2 td tr tr td classbwpadl0 bwvertalignt bwalignl Finance costs income td td td td colspan2 td td td td colspan2 td td td td td td colspan2 td td td td td td colspan2 td tr tr td classbwpadl4 bwvertalignt bwalignl Interest expense net td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 1321 td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 1143 td td td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 4985 td td td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 4409 td td td tr tr td classbwpadl4 bwvertalignt bwalignl bwsinglebottom Amortization of transaction costs td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 154 td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 324 td td classbwsinglebottom td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 623 td td classbwsinglebottom td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 701 td td classbwsinglebottom td tr tr td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 1475 td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 1467 td td classbwsinglebottom td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 5608 td td classbwsinglebottom td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 5110 td td classbwsinglebottom td tr tr td td td td td colspan2 td td td td colspan2 td td td td td td colspan2 td td td td td td colspan2 td tr tr td classbwpadl0 bwvertalignt bwalignl bwsinglebottom Income loss before income taxes td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 1277 td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 3210 td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 3372 td td classbwsinglebottom td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 7915 td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom td tr tr td td td td td colspan2 td td td td colspan2 td td td td td td colspan2 td td td td td td colspan2 td tr tr td classbwpadl0 bwvertalignt bwalignl Income tax recovery expense td td td td colspan2 td td td td colspan2 td td td td td td colspan2 td td td td td td colspan2 td tr tr td classbwpadl4 bwvertalignt bwalignl Current td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 422 td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 221 td td td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 1407 td td td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 725 td td td tr tr td classbwpadl4 bwvertalignt bwalignl bwsinglebottom Deferred td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 13 td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 972 td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 284 td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 2435 td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom td tr tr td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 435 td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 751 td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 1123 td td classbwsinglebottom td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 1710 td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom td tr tr td td td td td colspan2 td td td td colspan2 td td td td td td colspan2 td td td td td td colspan2 td tr tr td classbwpadl0 bwvertalignt bwalignl bwsinglebottom Net income loss for the year td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 842 td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 2459 td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 2249 td td classbwsinglebottom td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 6205 td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom td tr tr td td td td td colspan2 td td td td colspan2 td td td td td td colspan2 td td td td td td colspan2 td tr tr td classbwpadl0 bwvertalignt bwalignl Basic earnings loss per share td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 004 td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 012 td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 011 td td td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 038 td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl td tr tr td classbwpadl0 bwvertalignt bwalignl Diluted earnings loss per share td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 004 td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 012 td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 011 td td td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 038 td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl td tr tr td classbwpadl0 bwvertalignt bwalignl Weighted average number of common shares outstanding basic td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr colspan2 21523515 td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr colspan2 19732888 td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr colspan2 20998703 td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr colspan2 16330837 td tr tr td classbwpadl0 bwvertalignt bwalignl bwsinglebottom Weighted average number of common shares outstanding diluted td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom colspan2 21523515 td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom colspan2 19732888 td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom colspan2 21055460 td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom colspan2 16330837 td tr tr td td td td td colspan2 td td td td colspan2 td td td td td td colspan6 td tr tr td classbwpadl0 bwvertalignt bwalignl bAs at December 31 2018 and December 31 2017b td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignt bwalignc colspan2 p classbwcellpmargin bAs at Dec 31bbrb2018b p td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignt bwalignc colspan2 p classbwcellpmargin bAs at Dec 31bbrb2017b p td td td td td td colspan6 td tr tr td classbwpadl0 bwvertalignb bwalignl bwsinglebottom iin thousands of Canadian dollars unauditedi td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom colspan2 bb td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom colspan2 bb td td classbwsinglebottom td td classbwsinglebottom td td classbwsinglebottom colspan6 td tr tr td classbwpadl0 bwvertalignt bwalignl Current assets td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 85455 td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 82804 td td td td td td td td colspan6 td tr tr td classbwpadl0 bwvertalignt bwalignl Current liabilities td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 64716 td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 68648 td td td td td td td td colspan6 td tr tr td td td td td colspan2 td td td td colspan2 td td td td td td colspan6 td tr tr td classbwpadl0 bwvertalignt bwalignl Total assets td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 142231 td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 131859 td td td td td td td td colspan6 td tr tr td classbwpadl0 bwvertalignt bwalignl Total noncurrent liabilities td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 70003 td td td td td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr 68610 td td td td td td td td colspan6 td tr tr td td td td td colspan2 td td td td colspan2 td td td td td td colspan6 td tr tr td classbwpadl0 bwvertalignt bwalignl bwsinglebottom Shareholders equity deficit td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 7512 td td classbwsinglebottom td td classbwsinglebottom td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom 5399 td td classbwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom td td classbwsinglebottom td td classbwsinglebottom td td classbwsinglebottom colspan6 td tr table

SOURCE: BUSINESS WIRE. ©2015 Business Wire

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