0000088948
2015-12-26
0000088948
2014-12-27
0000088948
2015-03-31
0000088948
2015-04-01
2015-12-26
0000088948
2015-09-27
2015-12-26
0000088948
2013-09-29
2013-12-28
0000088948
2014-04-01
2014-12-27
0000088948
us-gaap:PreferredStockMember
2015-03-31
0000088948
us-gaap:CommonStockMember
2015-03-31
0000088948
us-gaap:AdditionalPaidInCapitalMember
2015-03-31
0000088948
us-gaap:TreasuryStockMember
2015-03-31
0000088948
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2015-03-31
0000088948
us-gaap:RetainedEarningsMember
2015-03-31
0000088948
us-gaap:RetainedEarningsMember
2015-04-01
2015-12-26
0000088948
us-gaap:AdditionalPaidInCapitalMember
2015-04-01
2015-12-26
0000088948
us-gaap:PreferredStockMember
2015-04-01
2015-12-26
0000088948
us-gaap:PreferredStockMember
2015-12-26
0000088948
us-gaap:CommonStockMember
2015-12-26
0000088948
us-gaap:AdditionalPaidInCapitalMember
2015-12-26
0000088948
us-gaap:TreasuryStockMember
2015-12-26
0000088948
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2015-12-26
0000088948
us-gaap:RetainedEarningsMember
2015-12-26
0000088948
senea:GeneralMillsOperationsLlcMember
2014-04-01
2014-12-27
0000088948
senea:ProductionPeriodMember
2015-12-26
0000088948
senea:NonproductionPeriodMember
2015-12-26
0000088948
2014-09-28
2014-12-27
0000088948
us-gaap:EmployeeSeveranceMember
2015-04-01
2015-12-26
0000088948
us-gaap:EmployeeSeveranceMember
2015-12-26
0000088948
senea:LongLivedAssetChargesMember
2015-12-26
0000088948
us-gaap:EmployeeSeveranceMember
2014-04-01
2014-12-27
0000088948
us-gaap:EmployeeSeveranceMember
2014-12-27
0000088948
senea:LongLivedAssetChargesMember
2014-12-27
0000088948
us-gaap:OtherRestructuringMember
2015-12-26
0000088948
us-gaap:OtherRestructuringMember
2014-12-27
0000088948
senea:GeneralMillsOperationsLlcMember
2015-04-01
2015-12-26
0000088948
us-gaap:CommonStockMember
2015-04-01
2015-12-26
0000088948
us-gaap:TreasuryStockMember
2015-04-01
2015-12-26
0000088948
2014-03-31
0000088948
us-gaap:EmployeeSeveranceMember
2014-03-31
0000088948
senea:LongLivedAssetChargesMember
2014-03-31
0000088948
us-gaap:OtherRestructuringMember
2014-03-31
0000088948
us-gaap:OtherRestructuringMember
2014-04-01
2014-12-27
0000088948
us-gaap:CommonClassAMember
2015-04-01
2015-12-26
0000088948
us-gaap:CommonClassBMember
2015-04-01
2015-12-26
0000088948
senea:MidwestPlantMember
2014-09-28
2014-12-27
0000088948
us-gaap:EmployeeSeveranceMember
2015-03-31
0000088948
us-gaap:OtherRestructuringMember
2015-03-31
0000088948
senea:LongLivedAssetChargesMember
2015-03-31
0000088948
senea:MidwestPlantMember
2014-04-01
2014-12-27
0000088948
senea:MidwestPlantMember
us-gaap:EmployeeSeveranceMember
2014-04-01
2014-12-27
0000088948
2014-04-01
2014-09-27
0000088948
us-gaap:CommonClassAMember
2016-01-22
0000088948
us-gaap:CommonClassBMember
2016-01-22
0000088948
2015-04-01
2015-06-27
0000088948
us-gaap:EmployeeSeveranceMember
2015-06-28
2015-09-26
0000088948
2015-06-28
2015-09-26
0000088948
us-gaap:EmployeeSeveranceMember
2015-04-01
2015-06-27
0000088948
us-gaap:OtherRestructuringMember
senea:MidwestPlantMember
2014-04-01
2014-12-27
0000088948
senea:LongLivedAssetChargesMember
senea:MidwestPlantMember
2014-04-01
2014-12-27
0000088948
senea:GraycompanyMember
2015-10-30
0000088948
senea:LongLivedAssetChargesMember
2015-09-27
2015-12-26
0000088948
us-gaap:OtherRestructuringMember
2015-04-01
2015-12-26
0000088948
senea:LongLivedAssetChargesMember
senea:Midwestplant2Member
2015-09-27
2015-12-26
0000088948
us-gaap:EmployeeSeveranceMember
senea:Midwestplant2Member
2015-09-27
2015-12-26
0000088948
senea:Midwestplant2Member
2015-09-27
2015-12-26
0000088948
us-gaap:OtherRestructuringMember
senea:MidwestPlantMember
2015-09-27
2015-12-26
0000088948
us-gaap:OtherRestructuringMember
senea:Midwestplant2Member
2015-09-27
2015-12-26
0000088948
us-gaap:EmployeeSeveranceMember
senea:MidwestPlantMember
2015-06-28
2015-09-26
0000088948
us-gaap:EmployeeSeveranceMember
senea:MidwestPlantMember
2015-04-01
2015-06-27
0000088948
us-gaap:CommonStockMember
2015-12-26
0000088948
senea:ClassBCommonStockConvertedToClassAaCommonMember
2015-12-26
0000088948
us-gaap:TreasuryStockMember
2015-12-26
0000088948
us-gaap:EmployeeSeveranceMember
2015-09-27
2015-12-26
0000088948
us-gaap:OtherRestructuringMember
2015-09-27
2015-12-26
0000088948
us-gaap:EmployeeSeveranceMember
2014-09-28
2014-12-27
0000088948
us-gaap:OtherRestructuringMember
2014-09-28
2014-12-27
0000088948
senea:LongLivedAssetChargesMember
2014-09-28
2014-12-27
iso4217:USD
xbrli:pure
xbrli:shares
iso4217:USD
xbrli:shares
19029000
23006000
74981000
482025000
23352000
125804000
631181000
0
12387000
737578000
14946000
189765000
17930000
960219000
9549000
115247000
547149000
26304000
17289000
881089000
71652000
21824000
186358000
673180000
405598000
0
99256000
11761000
6181000
37056000
14188000
311864000
480708000
11967000
569947000
2484000
489404000
4868000
10993000
294303000
11882000
102640000
163429000
4881000
31574000
0.25
4262000
0
402000
971658000
869182000
51955000
24600000
906095000
65563000
4894000
60537000
19924000
40613000
40180000
4.06
4.04
15090000
30832000
1932000
46213000
384007000
19505000
24197000
432198000
31123000
48191000
3.12
3.1
0
0
40613000
8421000
16495000
-5738000
326381000
9201000
6266000
-11770000
248110000
62886000
21905000
3968000
95899000
326000
-94000
89000
40557000
-15832000
12000
-5312000
-37887000
12000
2081000
23465000
301232000
-966000
-1150000
-15739000
15884000
12401000
-12465000
9501000
156000
43000
-143000
130398000
-30024000
6396000
238871000
50910000
9167000
2119000
3010000
96578000
-61277000
-31804000
343104000
23000
33000
-775000
762000
1344000
3023000
97373000
-63358000
-31804000
383694000
40613000
138641000
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >
</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >During</font><font style='font-family:Times New Roman;font-size:12pt;' > the </font><font style='font-family:Times New Roman;font-size:12pt;' >nine months ended</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >December 26, 2015</font><font style='font-family:Times New Roman;font-size:12pt;' >, the Company sold </font><font style='font-family:Times New Roman;font-size:12pt;' >$</font><font style='font-family:Times New Roman;font-size:12pt;' >126,050</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >of Green Giant finished goods inventory to General Mills Operations, LLC (“GMOL”) for cash, on a bill and hold basis, as compared to </font><font style='font-family:Times New Roman;font-size:12pt;' >$</font><font style='font-family:Times New Roman;font-size:12pt;' >138,641</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' > for the </font><font style='font-family:Times New Roman;font-size:12pt;' >nine months ended</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >December 27, 2014</font><font style='font-family:Times New Roman;font-size:12pt;' >. </font><font style='font-family:Times New Roman;font-size:12pt;' >Under the terms of the bill and hold agre</font><font style='font-family:Times New Roman;font-size:12pt;' >ement, title to the specified inventory transferred to GMOL. The Company believes it has met the criteria required for bill and hold treatment</font><font style='font-family:Times New Roman;font-size:12pt;' >.</font></p></div>
36256000
15447000
15907000
13249000
11662000
475000000
400000000
255000000
323646000
285576000
273927000
323646000
323980000
245520000
228730000
7418000
6386000
6677000
6177000
8306000
8520000
8762000
4306000
-2891000
-263000
<div><table style='border-collapse:collapse;' ><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:147.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:147.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Three Months Ended</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:147pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:147pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Nine Months Ended</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >December 26,</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >December 27,</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >December 26,</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >December 27,</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2015</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2014</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2015</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2014</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='7' rowspan='1' style='width:300.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:300.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(In thousands)</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;text-align:center;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;text-align:center;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Service Cost</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:70.5pt;text-align:right;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,473</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,129</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >7,418</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >6,386</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Interest Cost</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;text-align:right;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,226</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,059</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >6,677</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >6,177</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Expected Return on Plan Assets</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;text-align:right;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(2,769)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(2,841)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(8,306)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(8,520)</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Amortization of Actuarial Loss</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;text-align:right;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >964</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >88</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,891</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >263</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Amortization of Transition Asset</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >27</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >82</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Net Periodic Benefit Cost</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:70.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,921</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,435</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >8,762</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >4,306</font></td></tr></table></div>
350000
1152000
649000
9655000
104000
1970000
8000
8000
535000
316000
891000
7581000
40000
<div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:center;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Long-Lived</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Severance</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Asset Charges </font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Other Costs </font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Total </font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='7' rowspan='1' style='width:291pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:291pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(In thousands)</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Balance March 31, 2015</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >715</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:73.5pt;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >264</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >270</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,249</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >First quarter credit</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(81)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(81)</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Second quarter charge</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >15</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >15</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Third quarter charge</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >104</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,706</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >7,814</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >9,624</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Cash payments/write offs</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(649)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(503)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(1,152)</font></td></tr><tr style='height:15.75pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Balance December 26, 2015</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >104</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,970</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >7,581</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >9,655</font></td></tr><tr style='height:15.75pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Balance March 31, 2014</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >10</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:73.5pt;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >10</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Third quarter charge</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >533</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >316</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >40</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >889</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Cash payments/write offs</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(8)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(8)</font></td></tr><tr style='height:15.75pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Balance December 27, 2014</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >535</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >316</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >40</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >891</font></td></tr></table></div>
89000
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:-4.5pt;' >8.</font><font style='font-family:Times New Roman;font-size:12pt;' > During the quarter ended December 26, 2015, the Company recorded a gain of $</font><font style='font-family:Times New Roman;font-size:12pt;' >24,275,000</font><font style='font-family:Times New Roman;font-size:12pt;' > related to a contractual payment received in conjunction with a relationship transfer agreement with General Mills. During the quarter ended December 27, 2014, the </font><font style='font-family:Times New Roman;font-size:12pt;' >Company recorded a gain of $</font><font style='font-family:Times New Roman;font-size:12pt;' >5,000,000</font><font style='font-family:Times New Roman;font-size:12pt;' > related to a contractual payment received in connection with the closing of a Midwest plant (see Note 7 above). During the quarter ended June 27, 2015, the Company reversed a provision for the Prop 65 litigation of $</font><font style='font-family:Times New Roman;font-size:12pt;' >2</font><font style='font-family:Times New Roman;font-size:12pt;' >00,000</font><font style='font-family:Times New Roman;font-size:12pt;' > and reduced an environmental accrual by $</font><font style='font-family:Times New Roman;font-size:12pt;' >82</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' >. </font><font style='font-family:Times New Roman;font-size:12pt;' >In addition, during the </font><font style='font-family:Times New Roman;font-size:12pt;' >six months ended September 27, 2014</font><font style='font-family:Times New Roman;font-size:12pt;' >, there was a $</font><font style='font-family:Times New Roman;font-size:12pt;' >250,000</font><font style='font-family:Times New Roman;font-size:12pt;' > charge related to an environmental remediation. </font><font style='font-family:Times New Roman;font-size:12pt;' > During the nine months ended December 26, 2015 and December 27, 20</font><font style='font-family:Times New Roman;font-size:12pt;' >14, the Company sold some unused fixed assets which resulted in a gain of $</font><font style='font-family:Times New Roman;font-size:12pt;' >43,000 </font><font style='font-family:Times New Roman;font-size:12pt;' >and $</font><font style='font-family:Times New Roman;font-size:12pt;' >89,000</font><font style='font-family:Times New Roman;font-size:12pt;' >, respectively. These gains and the charge are included in other operating income in the </font><font style='font-family:Times New Roman;font-size:12pt;' >Unaudited Conden</font><font style='font-family:Times New Roman;font-size:12pt;' >sed Consolidated Statements of N</font><font style='font-family:Times New Roman;font-size:12pt;' >et </font><font style='font-family:Times New Roman;font-size:12pt;' >E</font><font style='font-family:Times New Roman;font-size:12pt;' >arnings</font><font style='font-family:Times New Roman;font-size:12pt;' >. </font><font style='font-family:Times New Roman;font-size:12pt;' > </font></p></div>
6000
40596000
416000
17000
9891000
67000
9960000
15000
40195000
2000
<div><table style='border-collapse:collapse;' ><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:112.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Q U A R T E R</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:111pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:111pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >YEAR TO DATE</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:60pt;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fiscal</font></td><td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fiscal</font></td><td colspan='2' rowspan='1' style='width:60pt;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fiscal</font></td><td colspan='2' rowspan='1' style='width:58.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:58.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fiscal</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2016</font></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2015</font></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2016</font></td><td colspan='2' rowspan='1' style='width:58.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:58.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2015</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='8' rowspan='1' style='width:238.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:238.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(In thousands, except per share amounts)</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;color:#000000;' >Basic</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net earnings </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >31,123</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,819</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,613</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,134</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Deduct preferred stock dividends paid</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >17</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >17</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Undistributed earnings</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >31,117</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,813</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,596</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,117</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Earnings attributable to participating preferred</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >285</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >102</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >416</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >122</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Earnings attributable to common shareholders</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >30,832</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,711</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,180</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6,995</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Weighted average common shares outstanding</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,884</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,733</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,891</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,769</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Basic earnings per common share </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3.12</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >0.72</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4.06</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >0.65</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;color:#000000;' >Diluted</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Earnings attributable to common shareholders</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >30,832</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,711</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,180</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6,995</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Add dividends on convertible preferred stock</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Earnings attributable to common stock on a diluted basis</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >30,837</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,716</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,195</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,010</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Weighted average common shares outstanding-basic</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,884</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,733</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,891</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,769</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Additional shares issuable related to the </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > equity compensation plan</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Additional shares to be issued under full </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > conversion of preferred stock</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total shares for diluted</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,953</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,804</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,960</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,840</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Diluted earnings per common share</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3.10</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >0.71</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4.04</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >0.65</font></td></tr></table></div>
23784000
456207000
379075000
430123000
18759000
5033000
444738000
11469000
1431000
-55000
9983000
2164000
7819000
7711000
0.72
0.71
1008411000
948527000
50681000
4839000
995258000
13153000
3917000
9467000
2333000
7134000
6995000
0.65
0.65
7819000
5989000
0
-46000
-132000
17000
7117000
122000
7813000
31117000
102000
285000
9884000
10733000
10769000
7716000
30837000
2000
67000
10804000
9953000
10840000
67000
4000
7010000
15000
<div><p style='text-align:left;margin-top:0.05pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >9.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will </font><font style='font-family:Times New Roman;font-size:12pt;' >replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective </font><font style='font-family:Times New Roman;font-size:12pt;' >for the Company on April 1, 2018 (beginning of fiscal 2019). Early adoption is </font><font style='font-family:Times New Roman;font-size:12pt;' >permitted. The standard permits the use of either the re</font><font style='font-family:Times New Roman;font-size:12pt;' >trospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined</font><font style='font-family:Times New Roman;font-size:12pt;' > the effect of the standard on its ongoing financial reporting.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0.05pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >In November 2015, the FASB issued ASU 2015-17</font><font style='font-family:Times New Roman;font-size:12pt;' >,</font><font style='font-family:Times New Roman;font-size:12pt;' > Balance Sheet Classification of Deferred Taxes which requires that all deferred tax liabilities and assets of the same tax jurisdiction or a tax</font><font style='font-family:Times New Roman;font-size:12pt;' > filing group, as well as any related valuation allowance, be offset and be presented as a single noncurrent amount in a classified balance sheet. This standard is effective for the Company for fiscal years</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >beginning after December 15, 2017 (beginning of </font><font style='font-family:Times New Roman;font-size:12pt;' >fiscal 2019). Early adoption is permitted. The Company adopted this </font><font style='font-family:Times New Roman;font-size:12pt;' >standard </font><font style='font-family:Times New Roman;font-size:12pt;' >during the third quarter of fiscal 2016 on a prospective basis. Prior periods were not retrospectively adjusted.</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >There were no</font><font style='font-family:Times New Roman;font-size:12pt;' > other</font><font style='font-family:Times New Roman;font-size:12pt;' > recently issued accounting pronouncements that impacted the Company’s condensed consolidated</font><font style='font-family:Times New Roman;font-size:12pt;' > financial statements. In addition, the Company did not adopt any new accounting pronouncemen</font><font style='font-family:Times New Roman;font-size:12pt;' >ts</font><font style='font-family:Times New Roman;font-size:12pt;' > (other than ASU 2015-17 above)</font><font style='font-family:Times New Roman;font-size:12pt;' > during the quarter ended </font><font style='font-family:Times New Roman;font-size:12pt;' >December 26, 2015</font><font style='font-family:Times New Roman;font-size:12pt;' >.</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font></p></div>
<div><p style='text-align:left;margin-top:5pt;margin-bottom:5pt;line-height:11pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:4.5pt;' >14.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >During fiscal 2016 and 2015, the Company entered into some interim lease notes which financed down payments for various equipment orders at market rates. As of December 26, 2015, some of these interim notes had not been converted into operating </font><font style='font-family:Times New Roman;font-size:12pt;' >leases since the equipment was not placed in service. These notes, which total $402,000 and $5,989,000 as of December 26, 2015 and December 27, 2014, respectively, are included in Notes Payable in the accompanying Condensed Consolidated Balance Sheets. T</font><font style='font-family:Times New Roman;font-size:12pt;' >hese notes are expected to be converted into operating leases within the next twelve months.</font></p></div>
10-Q
2015-12-26
false
Q3
2016
--03-31
0000088948
Yes
Accelerated Filer
SENECA FOODS CORP /NY/
No
No
323980000
150818000
5315000
10885000
164269000
126050000
2226000
2769000
2921000
-964000
2473000
23100000
7134000
31123000
0
0
13000
2081000
<div><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >12.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >In June 2010, the Company received a Notice of Violation of the California Safe Drinking Water and Toxic Enforcement Act of 1986, commonly known as Proposition 65, from the Environmental Law Foundation ("ELF").  This notice was made to the California Attorney General and various other government officials, and to 49 companies including Seneca Foods Corporation whom ELF alleges manufactured, distributed or sold packaged peaches, pears, fruit cocktail and fruit juice that contain lead without providing a clear and reasonable warning to consumers.  Under California law, proper notice must be made to the State and involved firms at least 60 days before any suit under Proposition 65 may be filed by private litigants like ELF.  That 60-day period has expired and to date neither the California Attorney General nor any appropriate district attorney or city attorney has initiated an action against the Company.  However, private litigant ELF filed an action against the Company and 27 other named companies on September 28, 2011, in Superior Court of Alameda County, California, alleging violations of Proposition 65 and seeking various measures of relief, including injunctive and declaratory relief and civil penalties.  The Company, along with the other named companies, vigorously defended the claim.  A responsive answer was filed, the discovery process was completed and a trial on liability was held beginning in April of 2013 in accordance with court schedules.  The trial was completed on May 16, 2013 and, on July 15, 2013 the judge issued a tentative and proposed statement of decision agreeing with the Company, and the other defendants, that the “safe harbor” defense had been met under the regulations relating to Proposition 65 and the Company will not be required to place a Proposition 65 warning label on the products at issue in the case.  The trial decision was finalized and the decision was appealed by ELF with a filing dated October 3, 2013.  The California Court of Appeal, First Appellate District, </font><font style='font-family:Times New Roman;font-size:12pt;' >Divisi</font><font style='font-family:Times New Roman;font-size:12pt;' >on</font><font style='font-family:Times New Roman;font-size:12pt;' > One unanimously rejected the appeal by ELF in a decision dated March 17, 2015.  ELF filed a petition for review with the California Supreme Court on April 28, 2015, and the petition was denied on July 8, 2015.   With the successful defense of the case, the remedies portion of the case was not litigated and the denial of review by the California Supreme Court effectively ends the action, with only a few procedural matters to clean-up as a result of the denial of review.  Our portion of legal fees in defense of this action have been sizable, as would be expected with litigation resulting in trial, and the appeal, but have not had a material adverse impact on the Company’s financial position, results of operations, or cash flows. Additionally, in the ordinary course of its business, the Company is made party to certain legal proceedings seeking monetary damages, including proceedings invoking product liability claims, either directly or through indemnification obligations, and we are not able to predict the probability of the outcome or estimate of loss, if any, related to any such matter.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' > </font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:left;line-height:12pt;' ></p></div>
10000
10000
0
0
43000
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >11.</font><font style='font-family:Times New Roman;font-size:12pt;' > As required by Accounting Standards Codification ("ASC") 825, “Financial Instruments,” the Company estimates the fair values of financial instruments on a quarterly basis.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >The estimated fair value for long-term debt (classified as Level 2 in the fair</font><font style='font-family:Times New Roman;font-size:12pt;' > value hierarchy) is determined by the quoted market prices for similar debt (comparable to the Company’s</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >financial strength) or current rates offered to the Company for debt with the same maturities</font><font style='font-family:Times New Roman;font-size:12pt;' >. Long-term debt, including current portion had a carryi</font><font style='font-family:Times New Roman;font-size:12pt;' >ng amount of </font><font style='font-family:Times New Roman;font-size:12pt;' >$</font><font style='font-family:Times New Roman;font-size:12pt;' >348,514</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > and an estimated fair value of $</font><font style='font-family:Times New Roman;font-size:12pt;' >349,137</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > as </font><font style='font-family:Times New Roman;font-size:12pt;' >of </font><font style='font-family:Times New Roman;font-size:12pt;' >December 26, 2015</font><font style='font-family:Times New Roman;font-size:12pt;' >.</font><font style='font-family:Times New Roman;font-size:12pt;' > As of March 31, 2015, the carrying amount was $</font><font style='font-family:Times New Roman;font-size:12pt;' >274,164,000</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >and the estimated fair value was $</font><font style='font-family:Times New Roman;font-size:12pt;' >274,999,000</font><font style='font-family:Times New Roman;font-size:12pt;' >. The fair values of all the other financial instruments approxima</font><font style='font-family:Times New Roman;font-size:12pt;' >te their carrying value due to their short-term nature.</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font></p></div>
0
348514000
349137000
5000
5000
4000
SENEA
SENEB
5000000
271634000
3622000
453964000
2119000
3010000
96578000
61277000
-31804000
343104000
351730000
805694000
715000
270000
264000
1249000
1376000
842000
250000
10608000
69837000
301705000
10167000
160540000
274999000
472412000
6997000
27439000
587293000
14829000
185557000
18015000
805694000
9903000
68105000
6344000
11347000
23732000
1787000
2530000
123748000
54960000
7905802
1967898
13839000
200000
82000
274164000
15000
15000
-81000
-81000
270000
264000
36650000
1344000
3023000
97373000
63358000
-31804000
383694000
390272000
960219000
2119000
3010000
96553000
39095000
-11252000
340350000
391685000
881089000
9624000
889000
889000
9558000
231000
0
16308000
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >2.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >On October 30, 2015, the Company completed the acquisition of </font><font style='font-family:Times New Roman;font-size:12pt;' >100</font><font style='font-family:Times New Roman;font-size:12pt;' >% of the stock of Gray & Company. The business, based in Hart, Michigan, is a processor of maraschino cherries </font><font style='font-family:Times New Roman;font-size:11pt;' >and a provider of glace or candied fruit products</font><font style='font-family:Times New Roman;font-size:12pt;' >. This acquisition </font><font style='font-family:Times New Roman;font-size:12pt;' >includes a plant in Dayton, Oregon. The purchase price was approximately $</font><font style='font-family:Times New Roman;font-size:12pt;' >23,784,000</font><font style='font-family:Times New Roman;font-size:12pt;' > (net of cash acquired) plus the assumption of certain liabilities. In conjunction with the closing, the Company paid off $</font><font style='font-family:Times New Roman;font-size:12pt;' >12,034,000</font><font style='font-family:Times New Roman;font-size:12pt;' > of liabilities acquired. The rationa</font><font style='font-family:Times New Roman;font-size:12pt;' >le for the acquisition was twofold: (1) the business is a complementary fit with our existing business and (2) it provides an extension of our product offerings.</font><font style='font-family:Times New Roman;font-size:12pt;' > This acquisition was financed with proceeds from the Company's revolving credit facil</font><font style='font-family:Times New Roman;font-size:12pt;' >ity. Th</font><font style='font-family:Times New Roman;font-size:12pt;' >e purchase price to acquire </font><font style='font-family:Times New Roman;font-size:12pt;' >Gray & Company</font><font style='font-family:Times New Roman;font-size:12pt;' > was allocated based on the internally developed </font><font style='font-family:Times New Roman;font-size:12pt;' >preliminary </font><font style='font-family:Times New Roman;font-size:12pt;' >fair value of the assets acquired and liabilities assumed and the </font><font style='font-family:Times New Roman;font-size:12pt;' >preliminary </font><font style='font-family:Times New Roman;font-size:12pt;' >independent valuation of </font><font style='font-family:Times New Roman;font-size:12pt;' >inventory, intangibles, and </font><font style='font-family:Times New Roman;font-size:12pt;' >property, plant, and equipm</font><font style='font-family:Times New Roman;font-size:12pt;' >ent. T</font><font style='font-family:Times New Roman;font-size:12pt;' >he purchase price of $23,784,000</font><font style='font-family:Times New Roman;font-size:12pt;' > has been a</font><font style='font-family:Times New Roman;font-size:12pt;' >llocated as follows (in thousands</font><font style='font-family:Times New Roman;font-size:12pt;' >): </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12.75pt;' ><td style='width:319.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Purchase Price (net of cash received)</font></td><td style='width:11.25pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:50.25pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >23,784</font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Allocated as follows:</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:left;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Current assets</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:50.25pt;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >36,256</font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Intangibles</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >330</font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other long-term assets</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Property, plant and equipment</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15,447</font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Deferred Taxes</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(8,022)</font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other long-term liabilities</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4,323)</font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Current liabilities</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(15,907)</font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:50.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >23,784</font></td></tr></table></div>
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >3.</font><font style='font-family:Times New Roman;font-size:12pt;' > First-In, First-Out (“FIFO”) based inventory costs exceeded LIFO based inventory costs by $</font><font style='font-family:Times New Roman;font-size:12pt;' >150,818,000 </font><font style='font-family:Times New Roman;font-size:12pt;' >as of the end of the third quarter of fiscal 2016 as compared to $</font><font style='font-family:Times New Roman;font-size:12pt;' >164,269,000 </font><font style='font-family:Times New Roman;font-size:12pt;' >as of the end of the third quarter of fiscal 2015. The change in the </font><font style='font-family:Times New Roman;font-size:12pt;' >LIFO Reserve for the three months ended December 26, 2015 was a</font><font style='font-family:Times New Roman;font-size:12pt;' > decrease of $</font><font style='font-family:Times New Roman;font-size:12pt;' >11,662,000</font><font style='font-family:Times New Roman;font-size:12pt;' > as compared to an increase of $</font><font style='font-family:Times New Roman;font-size:12pt;' >5,315,000 </font><font style='font-family:Times New Roman;font-size:12pt;' >for the three months ended December 27, 2014. The change in the LIFO Reserve for the nine months ended December 26, 2015 was a</font><font style='font-family:Times New Roman;font-size:12pt;' > decrease of $</font><font style='font-family:Times New Roman;font-size:12pt;' >13,249,000</font><font style='font-family:Times New Roman;font-size:12pt;' > as compared to an increase of $</font><font style='font-family:Times New Roman;font-size:12pt;' >10,885,000 </font><font style='font-family:Times New Roman;font-size:12pt;' >for the nine months ended December 27, 2014. This reflects the projected impact of an overall cost decrease expected in fiscal 2016 versus an overall cost increase in </font><font style='font-family:Times New Roman;font-size:12pt;' >fiscal 2015.</font></p></div>
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >4. </font><font style='font-family:Times New Roman;font-size:12pt;' > During December 2015, the Company exercised $</font><font style='font-family:Times New Roman;font-size:12pt;' >75,000,000</font><font style='font-family:Times New Roman;font-size:12pt;' > for the in-season facility and $</font><font style='font-family:Times New Roman;font-size:12pt;' >100,000,000</font><font style='font-family:Times New Roman;font-size:12pt;' > for the off-season facility of the remaining $</font><font style='font-family:Times New Roman;font-size:12pt;' >150,000,000</font><font style='font-family:Times New Roman;font-size:12pt;' > accordion feature of its existing revolving credit facility pursuant to the Second Amended and Restated Loan and Security Agreement dated July 20, 2011. Maximum borrowings under the Revolver total</font><font style='font-family:Times New Roman;font-size:12pt;' > $</font><font style='font-family:Times New Roman;font-size:12pt;' >400</font><font style='font-family:Times New Roman;font-size:12pt;' >,000,000</font><font style='font-family:Times New Roman;font-size:12pt;' > from April through July and $</font><font style='font-family:Times New Roman;font-size:12pt;' >475</font><font style='font-family:Times New Roman;font-size:12pt;' >,00</font><font style='font-family:Times New Roman;font-size:12pt;' >0,000</font><font style='font-family:Times New Roman;font-size:12pt;' > fro</font><font style='font-family:Times New Roman;font-size:12pt;' >m August through March</font><font style='font-family:Times New Roman;font-size:12pt;' >.  </font><font style='font-family:Times New Roman;font-size:12pt;' >The Revolver balance as of December 26, 2015 was $309,211,000 and is included in Current Portion of Long-Term Debt in the accompanying Condensed Consolidated Balance Sheet since the Revolver matures on July 20, 2016.  </font><font style='font-family:Times New Roman;font-size:12pt;' >The Company u</font><font style='font-family:Times New Roman;font-size:12pt;' >tilizes its Revolver for general corporate purposes, including seasonal working capital needs, to pay debt principal and interest obligations, and to fund capital expenditures and acquisitions. Seasonal working capital needs are affected by the growing cy</font><font style='font-family:Times New Roman;font-size:12pt;' >cles of the vegetables and fruits the Company processes. The majority of vegetable and fruit inventories are produced during the months of June through November and are then sold over the following year. Payment terms for vegetable and fruit produce are </font><font style='font-family:Times New Roman;font-size:12pt;' >generally three months but can vary from a few days to seven months. Accordingly, the Company’s need to draw on the Revolver may fluctuate significantly throughout the year. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >The increase in average amount of Revolver borrowings during the first nine mo</font><font style='font-family:Times New Roman;font-size:12pt;' >nths of fiscal 2016 compared to the first nine months of fiscal 2015 was attributable to the Gray & Company acquisition of $23,784</font><font style='font-family:Times New Roman;font-size:12pt;' >,000 made</font><font style='font-family:Times New Roman;font-size:12pt;' > in the third quarter of fiscal 2016, the $23,100,000 pension contribution made in fiscal 2016 and Inventories which </font><font style='font-family:Times New Roman;font-size:12pt;' >are $</font><font style='font-family:Times New Roman;font-size:12pt;' >84,032,000</font><font style='font-family:Times New Roman;font-size:12pt;' > higher than the same period last year, partially offset by the $24,275,000 received from General Mills for the agreement assignment to B&G Foods and increased operating results in the first nine months of fiscal 2016 as compared to the firs</font><font style='font-family:Times New Roman;font-size:12pt;' >t nine months of fiscal 2015.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >General terms of the Revolver include payment of interest at LIBOR plus a defined spread.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >The following table documents the quantitative data for </font><font style='font-family:Times New Roman;font-size:12pt;' >Revolver borrowings during the third quarter and year-to-date periods of fisca</font><font style='font-family:Times New Roman;font-size:12pt;' >l 2016 and fiscal 2015</font><font style='font-family:Times New Roman;font-size:12pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:114.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Third Quarter</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:114pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:114pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Year-to-Date</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:66.75pt;text-align:center;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;text-decoration:underline;color:#000000;' >2016</font></td><td colspan='3' rowspan='1' style='width:66.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;text-decoration:underline;color:#000000;' >2015</font></td><td colspan='3' rowspan='1' style='width:66.75pt;text-align:center;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;text-decoration:underline;color:#000000;' >2016</font></td><td colspan='3' rowspan='1' style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;text-decoration:underline;color:#000000;' >2015</font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:114.75pt;text-align:center;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(In thousands)</font></td><td style='width:11.25pt;text-align:center;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:114pt;text-align:center;border-color:Black;min-width:114pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(In thousands)</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Reported end of period:</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:center;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:center;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:center;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Outstanding borrowings</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >309,211</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >255,000</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >309,211</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >255,000</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Weighted average interest rate</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.82</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.91</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.82</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.91</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >%</font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Reported during the period:</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Maximum amount of borrowings</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >323,980</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >323,646</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >323,980</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >323,646</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Average outstanding borrowings</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >285,576</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >273,927</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >245,520</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >228,730</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Weighted average interest rate</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.90</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.57</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.93</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.52</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >%</font></td></tr></table></div>
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >5.</font><font style='font-family:Times New Roman;font-size:12pt;' > During the nine-month period ended December 26, 2015 the Company repurchased </font><font style='font-family:Times New Roman;font-size:12pt;' >73,844</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >shares or $</font><font style='font-family:Times New Roman;font-size:12pt;' >2,078,000</font><font style='font-family:Times New Roman;font-size:12pt;' > of its Class A Common Stock as Treasury Stock </font><font style='font-family:Times New Roman;font-size:12pt;' >and </font><font style='font-family:Times New Roman;font-size:12pt;' >60</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >shares </font><font style='font-family:Times New Roman;font-size:12pt;' >or $</font><font style='font-family:Times New Roman;font-size:12pt;' >2,000</font><font style='font-family:Times New Roman;font-size:12pt;' > of its Class B Common Stock also as Treasury Stock. As of Dec</font><font style='font-family:Times New Roman;font-size:12pt;' >ember 26, 2015, there are </font><font style='font-family:Times New Roman;font-size:12pt;' >2,220,218</font><font style='font-family:Times New Roman;font-size:12pt;' > shares or $</font><font style='font-family:Times New Roman;font-size:12pt;' >63,358,000</font><font style='font-family:Times New Roman;font-size:12pt;' > of repurchased stock. These shares are not considered outstanding.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font></p></div>
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >6</font><font style='font-family:Times New Roman;font-size:12pt;' >.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >The net periodic benefit cost for the Company’s pension plan consisted of:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:147.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:147.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Three Months Ended</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:147pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:147pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Nine Months Ended</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >December 26,</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >December 27,</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >December 26,</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >December 27,</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2015</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2014</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2015</font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2014</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='7' rowspan='1' style='width:300.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:300.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(In thousands)</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;text-align:center;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;text-align:center;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:center;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Service Cost</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:70.5pt;text-align:right;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,473</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,129</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >7,418</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >6,386</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Interest Cost</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;text-align:right;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,226</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,059</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >6,677</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >6,177</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Expected Return on Plan Assets</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;text-align:right;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(2,769)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(2,841)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(8,306)</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(8,520)</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Amortization of Actuarial Loss</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;text-align:right;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >964</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >88</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,891</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >263</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Amortization of Transition Asset</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:70.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >27</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:69.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >82</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:217.5pt;text-align:left;border-color:Black;min-width:217.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Net Periodic Benefit Cost</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:70.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:70.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >2,921</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,435</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:69.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:69.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >8,762</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >4,306</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >Total contributions of $</font><font style='font-family:Times New Roman;font-size:12pt;' >23,1</font><font style='font-family:Times New Roman;font-size:12pt;' >0</font><font style='font-family:Times New Roman;font-size:12pt;' >0,000 </font><font style='font-family:Times New Roman;font-size:12pt;' >were</font><font style='font-family:Times New Roman;font-size:12pt;' > made to the Pension Plan during the nine mont</font><font style='font-family:Times New Roman;font-size:12pt;' >h period ended December 26, 2015</font><font style='font-family:Times New Roman;font-size:12pt;' > and a contribu</font><font style='font-family:Times New Roman;font-size:12pt;' >tion</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >of $</font><font style='font-family:Times New Roman;font-size:12pt;' >35</font><font style='font-family:Times New Roman;font-size:12pt;' >0,000 </font><font style='font-family:Times New Roman;font-size:12pt;' >was made during the nine</font><font style='font-family:Times New Roman;font-size:12pt;' > month period ended December 27, 2014</font><font style='font-family:Times New Roman;font-size:12pt;' >.</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font></p></div>
-88000
2841000
2059000
1435000
2129000
27000
82000
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >7.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >The following table summarizes the restructuring charges</font><font style='font-family:Times New Roman;font-size:12pt;' > and related asset impairment charges</font><font style='font-family:Times New Roman;font-size:12pt;' > record</font><font style='font-family:Times New Roman;font-size:12pt;' >ed and the accruals established</font><font style='font-family:Times New Roman;font-size:12pt;' >: </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:center;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Long-Lived</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Severance</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Asset Charges </font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Other Costs </font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Total </font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='7' rowspan='1' style='width:291pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:291pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(In thousands)</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Balance March 31, 2015</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >715</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:73.5pt;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >264</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >270</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,249</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >First quarter credit</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(81)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(81)</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Second quarter charge</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >15</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >15</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Third quarter charge</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >104</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,706</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >7,814</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >9,624</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Cash payments/write offs</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(649)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(503)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(1,152)</font></td></tr><tr style='height:15.75pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Balance December 26, 2015</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >104</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1,970</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >7,581</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >9,655</font></td></tr><tr style='height:15.75pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Balance March 31, 2014</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >10</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:73.5pt;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >10</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Third quarter charge</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >533</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >316</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >40</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >889</font></td></tr><tr style='height:15pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Cash payments/write offs</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(8)</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:73.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(8)</font></td></tr><tr style='height:15.75pt;' ><td style='width:166.5pt;text-align:left;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Balance December 27, 2014</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >535</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:73.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >316</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:71.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >40</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >891</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >During the quarter ended December 26, 2015, the Company recorded a restructuring charge of $</font><font style='font-family:Times New Roman;font-size:12pt;' >9,634,000</font><font style='font-family:Times New Roman;font-size:12pt;' > related to the closing of a plant in the Northwest of which $</font><font style='font-family:Times New Roman;font-size:12pt;' >104,000</font><font style='font-family:Times New Roman;font-size:12pt;' > was related to severance cost, $</font><font style='font-family:Times New Roman;font-size:12pt;' >1,706,000</font><font style='font-family:Times New Roman;font-size:12pt;' > was related to asset impairments</font><font style='font-family:Times New Roman;font-size:12pt;' > (contra fixed assets), and $</font><font style='font-family:Times New Roman;font-size:12pt;' >7,824,000</font><font style='font-family:Times New Roman;font-size:12pt;' > was related to other costs (mostly operating lease </font><font style='font-family:Times New Roman;font-size:12pt;' >costs). </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' > During fiscal 2015, the Company recorded a restructuring charge of $</font><font style='font-family:Times New Roman;font-size:12pt;' >1,376,000 </font><font style='font-family:Times New Roman;font-size:12pt;' >related to the closing of a plant in the Midwest of which $</font><font style='font-family:Times New Roman;font-size:12pt;' >842,000 </font><font style='font-family:Times New Roman;font-size:12pt;' >was relat</font><font style='font-family:Times New Roman;font-size:12pt;' >ed to severance cost, $</font><font style='font-family:Times New Roman;font-size:12pt;' >264,000</font><font style='font-family:Times New Roman;font-size:12pt;' > was related to equipment costs (contra fixed assets), and $</font><font style='font-family:Times New Roman;font-size:12pt;' >270,000</font><font style='font-family:Times New Roman;font-size:12pt;' > was related to equipment relocation costs. During the first quarter of fiscal 2016, the Company reduced the severance portion of this accrual by $</font><font style='font-family:Times New Roman;font-size:12pt;' >81,000</font><font style='font-family:Times New Roman;font-size:12pt;' >. Du</font><font style='font-family:Times New Roman;font-size:12pt;' >ring the second quarter of fiscal 2016, the Company increased the severance portion of this accrual by $</font><font style='font-family:Times New Roman;font-size:12pt;' >15,000</font><font style='font-family:Times New Roman;font-size:12pt;' >. During the third quarter of fiscal 2016, the Company decreased the equipment relocation portion of this accrual by $</font><font style='font-family:Times New Roman;font-size:12pt;' >10,000</font><font style='font-family:Times New Roman;font-size:12pt;' >.</font></p></div>
24275000
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:0pt;' >10.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >Earnings</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >per share for the Quarters </font><font style='font-family:Times New Roman;font-size:12pt;' >Ended </font><font style='font-family:Times New Roman;font-size:12pt;' >December 26, 2015</font><font style='font-family:Times New Roman;font-size:12pt;' > and </font><font style='font-family:Times New Roman;font-size:12pt;' >December 27, 2014</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >are</font><font style='font-family:Times New Roman;font-size:12pt;' > as</font><font style='font-family:Times New Roman;font-size:12pt;' > follows:</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:112.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:112.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Q U A R T E R</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:111pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:111pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >YEAR TO DATE</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:60pt;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fiscal</font></td><td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fiscal</font></td><td colspan='2' rowspan='1' style='width:60pt;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fiscal</font></td><td colspan='2' rowspan='1' style='width:58.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:58.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Fiscal</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2016</font></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2015</font></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:60pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2016</font></td><td colspan='2' rowspan='1' style='width:58.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:58.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2015</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='8' rowspan='1' style='width:238.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:238.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(In thousands, except per share amounts)</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;color:#000000;' >Basic</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net earnings </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >31,123</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,819</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,613</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,134</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Deduct preferred stock dividends paid</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >17</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >17</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Undistributed earnings</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >31,117</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,813</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,596</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,117</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Earnings attributable to participating preferred</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >285</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >102</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >416</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >122</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Earnings attributable to common shareholders</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >30,832</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,711</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,180</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6,995</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Weighted average common shares outstanding</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,884</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,733</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,891</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,769</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Basic earnings per common share </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3.12</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >0.72</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4.06</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >0.65</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;color:#000000;' >Diluted</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Earnings attributable to common shareholders</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >30,832</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,711</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,180</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6,995</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Add dividends on convertible preferred stock</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Earnings attributable to common stock on a diluted basis</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >30,837</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,716</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40,195</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,010</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Weighted average common shares outstanding-basic</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,884</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,733</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,891</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,769</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Additional shares issuable related to the </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > equity compensation plan</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Additional shares to be issued under full </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > conversion of preferred stock</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >67</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total shares for diluted</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,953</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,804</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,960</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,840</font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:285pt;text-align:left;border-color:Black;min-width:285pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Diluted earnings per common share</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3.10</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >0.71</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4.04</font></td><td style='width:6pt;text-align:left;border-color:Black;min-width:6pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:52.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >0.65</font></td></tr></table></div>
6000
67000
23784000
309211000
330000
8022000
4323000
1
23784000
12034000
1706000
503000
1706000
104000
9634000
-10000
7824000
15000
81000
3000
<div><table style='border-collapse:collapse;' ><tr style='height:12.75pt;' ><td style='width:319.5pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Purchase Price (net of cash received)</font></td><td style='width:11.25pt;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:50.25pt;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >23,784</font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;border-top-style:double;border-top-width:3;text-align:left;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Allocated as follows:</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:left;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Current assets</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:50.25pt;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >36,256</font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Intangibles</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >330</font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other long-term assets</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3</font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Property, plant and equipment</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15,447</font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Deferred Taxes</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(8,022)</font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other long-term liabilities</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(4,323)</font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Current liabilities</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:50.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(15,907)</font></td></tr><tr style='height:12.75pt;' ><td style='width:319.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:319.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:50.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:50.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >23,784</font></td></tr></table></div>
75000000
100000000
150000000
73844
2078000
60
2000
2220218
0.329
0.246
0.083
9558000
889000
40622000
19790000
84032000
104000
7814000
533000
40000
316000
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:4.5pt;' >1.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;text-decoration:underline;' >Unaudited Condensed Consolidated Financial Statements</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, which are normal and recurring in nature, necessary to </font><font style='font-family:Times New Roman;font-size:12pt;' >present fairly</font><font style='font-family:Times New Roman;font-size:12pt;' > the financial position of Seneca Foods Corporation (the “Company”) as of </font><font style='font-family:Times New Roman;font-size:12pt;' >December 26, 2015</font><font style='font-family:Times New Roman;font-size:12pt;' > and results of its operations and its cash flows for the interim periods presented. All significant intercompany transactions and accounts have been eliminated in consolidat</font><font style='font-family:Times New Roman;font-size:12pt;' >ion.</font><font style='font-family:Times New Roman;font-size:12pt;' > The March 31, 2015</font><font style='font-family:Times New Roman;font-size:12pt;' > balance sheet was derived from the audited consolidated financial statements. </font></p><p style='text-align:left;margin-top:12pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >The results of operations for the </font><font style='font-family:Times New Roman;font-size:12pt;' >three and nine</font><font style='font-family:Times New Roman;font-size:12pt;font-weight:bold;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >month </font><font style='font-family:Times New Roman;font-size:12pt;' >periods ended </font><font style='font-family:Times New Roman;font-size:12pt;' >December 26, 2015</font><font style='font-family:Times New Roman;font-size:12pt;' > are not necessarily indicative of the results to be expected for the full year.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >
</font><font style='font-family:Times New Roman;font-size:12pt;' >The accounting policies followed by the Company are set forth in Note 1 to the Company's Consolidated Financial </font><font style='font-family:Times New Roman;font-size:12pt;' >Statements in the Company’s 2015</font><font style='font-family:Times New Roman;font-size:12pt;' > Annual Report on Form 10-K. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of</font><font style='font-family:Times New Roman;font-size:12pt;' > Deferred Taxes which requires that all deferred tax liabilities and assets of the same tax jurisdiction or a tax filing group, as well as any related valuation allowance, be offset and be presented as a single noncurrent amount in a classified balance she</font><font style='font-family:Times New Roman;font-size:12pt;' >et. The Company adopted this standard during the third quarter of fiscal 2016 on a prospective basis. Prior periods were not retrospectively adjusted.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:4.5pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >Other footnote disclosures normally included in annual financial statements prepared in accordance wi</font><font style='font-family:Times New Roman;font-size:12pt;' >th accounting principles generally accepted in the </font><font style='font-family:Times New Roman;font-size:12pt;' >United States</font><font style='font-family:Times New Roman;font-size:12pt;' > have been condensed or omitted. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and note</font><font style='font-family:Times New Roman;font-size:12pt;' >s included in the Company's 20</font><font style='font-family:Times New Roman;font-size:12pt;' >15</font><font style='font-family:Times New Roman;font-size:12pt;' > Annual Report on Form 10-K.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:4.5pt;' > All references to years are fiscal years ended or ending March 31 unless otherwise indicated.</font><font style='font-family:Times New Roman;font-size:12pt;' > Certain percentage tables may not foot due to rounding.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:4.5pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >Reclassifications—Certain previously reported amounts have been recla</font><font style='font-family:Times New Roman;font-size:12pt;' >ssified to conform to the current period classification.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >On October 30, 2015, the Company, B&G Foods North America (“B&G”), General Mills, Inc. and GMOL entered into a Relationship Transfer Agreement.  Pursuant to the terms of the Relationship Transfer </font><font style='font-family:Times New Roman;font-size:12pt;' >Agreement (</font><font style='font-family:Times New Roman;font-size:12pt;' >i</font><font style='font-family:Times New Roman;font-size:12pt;' >) the Company has consented to the assignment by GMOL of the Second Amended and Restated Alliance Agreement (“Alliance Agreement”) and certain related agreements to B&G in connection with the sale by GMOL of its Green Giant and Le </font><font style='font-family:Times New Roman;font-size:12pt;' >Sueur</font><font style='font-family:Times New Roman;font-size:12pt;' > busines</font><font style='font-family:Times New Roman;font-size:12pt;' >ses to B&G, (ii) effective upon such assignment, each of the Company and General Mills have released the other party from any future obligations under the Alliance Agreement and certain related agreements; (iii) effective upon such assignment, the Company </font><font style='font-family:Times New Roman;font-size:12pt;' >and B&G have agreed to amend certain terms of the Alliance Agreement; (iv) the Company and B&G have agreed </font><font style='font-family:Times New Roman;font-size:12pt;' >to cooperate and negotiate in good faith to enter into new agreements to replace or supplement the Alliance Agreement and certain related agreements </font><font style='font-family:Times New Roman;font-size:12pt;' >as soon as practicable and (v) GMOL has agreed to pay Seneca for this assignment $</font><font style='font-family:Times New Roman;font-size:12pt;' >24,275,000</font><font style='font-family:Times New Roman;font-size:12pt;' > at the closing of the sale of GMOL’s Green Giant and Le </font><font style='font-family:Times New Roman;font-size:12pt;' >Sueur</font><font style='font-family:Times New Roman;font-size:12pt;' > business to B&G. The effective date of the assignment was November 2, 2015.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >
</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:36pt;' >During</font><font style='font-family:Times New Roman;font-size:12pt;' > the </font><font style='font-family:Times New Roman;font-size:12pt;' >nine months ended</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >December 26, 2015</font><font style='font-family:Times New Roman;font-size:12pt;' >, the Company sold </font><font style='font-family:Times New Roman;font-size:12pt;' >$</font><font style='font-family:Times New Roman;font-size:12pt;' >126,050</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >of Green Giant finished goods inventory to General Mills Operations, LLC (“GMOL”) for cash, on a bill and hold basis, as compared to </font><font style='font-family:Times New Roman;font-size:12pt;' >$</font><font style='font-family:Times New Roman;font-size:12pt;' >138,641</font><font style='font-family:Times New Roman;font-size:12pt;' >,000</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' > for the </font><font style='font-family:Times New Roman;font-size:12pt;' >nine months ended</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >December 27, 2014</font><font style='font-family:Times New Roman;font-size:12pt;' >. </font><font style='font-family:Times New Roman;font-size:12pt;' >Under the terms of the bill and hold agre</font><font style='font-family:Times New Roman;font-size:12pt;' >ement, title to the specified inventory transferred to GMOL. The Company believes it has met the criteria required for bill and hold treatment</font><font style='font-family:Times New Roman;font-size:12pt;' >.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font></p></div>
<div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:114.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Third Quarter</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:114pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:114pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Year-to-Date</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:66.75pt;text-align:center;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;text-decoration:underline;color:#000000;' >2016</font></td><td colspan='3' rowspan='1' style='width:66.75pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;text-decoration:underline;color:#000000;' >2015</font></td><td colspan='3' rowspan='1' style='width:66.75pt;text-align:center;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;text-decoration:underline;color:#000000;' >2016</font></td><td colspan='3' rowspan='1' style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;text-decoration:underline;color:#000000;' >2015</font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:114.75pt;text-align:center;border-color:Black;min-width:114.75pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(In thousands)</font></td><td style='width:11.25pt;text-align:center;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:114pt;text-align:center;border-color:Black;min-width:114pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >(In thousands)</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Reported end of period:</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:center;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:center;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:center;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:47.25pt;text-align:center;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Outstanding borrowings</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >309,211</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >255,000</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >309,211</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >255,000</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Weighted average interest rate</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.82</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.91</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.82</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.91</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >%</font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >Reported during the period:</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Maximum amount of borrowings</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >323,980</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >323,646</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >323,980</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >323,646</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Average outstanding borrowings</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >285,576</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >273,927</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >245,520</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >$</font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >228,730</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:157.5pt;text-align:left;border-color:Black;min-width:157.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' > Weighted average interest rate</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.90</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.57</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.93</font></td><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >%</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' ></font></td><td style='width:47.25pt;text-align:right;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:11pt;color:#000000;' >1.52</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >%</font></td></tr></table></div>
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:4.5pt;' >Reclassifications—Certain previously reported amounts have been recla</font><font style='font-family:Times New Roman;font-size:12pt;' >ssified to conform to the current period classification.</font></p><p style='text-align:left;line-height:12pt;' ></p></div>
0.019
0.0157
0.0193
0.0152
0.0182
0.0191
0.059
<div><p style='text-align:left;margin-top:5pt;margin-bottom:5pt;line-height:11pt;' ><font style='font-family:Times New Roman;font-size:12pt;margin-left:4.5pt;' >13.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Times New Roman;font-size:12pt;' >The effective tax rate was </font><font style='font-family:Times New Roman;font-size:12pt;' >32.9</font><font style='font-family:Times New Roman;font-size:12pt;' >% and </font><font style='font-family:Times New Roman;font-size:12pt;' >24.6</font><font style='font-family:Times New Roman;font-size:12pt;' >% for the nine month periods ended December 26, 2015 and December 27, 2014, respectively.  The </font><font style='font-family:Times New Roman;font-size:12pt;' >8.3</font><font style='font-family:Times New Roman;font-size:12pt;' > percentage point increase in the effective tax rate represents an increase in tax expense as a percentage of </font><font style='font-family:Times New Roman;font-size:12pt;' >book income when compared to the same period last year.  </font><font style='font-family:Times New Roman;font-size:12pt;' >The major contributor to this increase is with the federal credits for R & D, WOTC and fuel.  These credits are largely fixed and with the significant increase in pre-tax earnings for the nine months</font><font style='font-family:Times New Roman;font-size:12pt;' > ended December 26, 2015, these credits are a smaller percentage of pre-tax earnings in comparison to the nine months ended December 27, 2014.  This accounts for </font><font style='font-family:Times New Roman;font-size:12pt;' >5.9 </font><font style='font-family:Times New Roman;font-size:12pt;' >percent of the increase.</font></p></div>