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Fiscal 2017 foreign currency exchange loss includes a loss on a foreign currency option related to the acquisition of STAHL in the amount of $1,590,000.

STAHL contributed an additional $18,396,000 in selling expense and $616,000 of integration costs were incurred related to the acquisition of STAHL that are classified as selling expense, offset by $247,000 in expense that did not reoccur related to the Canadian lump sum pension settlement in the year ended March 31, 2018 .

The election was made in consideration of the lower financial performance of the reporting unit when compared to fiscal 2013, mostly due to softness in market conditions, predominantly in the advanced packaging market.

Although the reporting unit had better financial performance in fiscal 2015 compared to fiscal 2014, such performance was not significant enough to justify performing only a qualitative assessment in fiscal 2015.

We also issued 114,335,711 ordinary shares at the same price to raise $2.7 million in the rights offering to our existing shareholders.

We also issued 114,335,711 ordinary shares priced at 2.5 cents (Australian) each and 45,733,371 new warrants to raise $2.7 million in the rights offering to our existing shareholders.

The Company is currently under examination by various state and local taxing jurisdictions for various fiscal years.

The Company is currently under examination by the IRS for fiscal tax year 2011.

Ceded benefits and settlement expenses were lower for the year ended December 31, 2013, as compared to the year ended December 31, 2012, due to a smaller increase in ceded reserves, largely offset by higher ceded claims.

Ceded benefits and settlement expenses were primarily driven by ceded claims.

At year-end 2014 , demand deposits represented 27% of total deposits, savings represented 56% and time deposits represented 17%.

At year-end 2016 , demand deposits represented 31% of total deposits, savings represented 54% and time deposits represented 15%.

Ship Accounting Our ships represent our most significant assets and are stated at cost less accumulated depreciation.

We believe our most critical accounting policies are as follows: Ship Accounting Our ships represent our most significant assets and are stated at cost less accumulated depreciation and amortization.

All of the pending U.S. federal cases in which we have been named as a defendant, have been filed in or have been transferred to the U.S. District Court for the Northern District of Ohio under the name In re: Polyurethane Foam Antitrust Litigation , Case No. 1:10-MD-2196.

We have been named as a defendant in 35 individual direct purchaser cases filed between March 22, 2011 and October 16, 2013, which were filed in or transferred to the U.S. District Court for the Northern District of Ohio under the name In re: Polyurethane Foam Antitrust Litigation , Case No. 1:10-MD-2196.

On June 6, 2011, pursuant to the Purchase Agreement, the Company issued to BIA a warrant to purchase from the Company 634,648 shares of the Company s common stock, at an exercise price equal to $1.144 per share (as adjusted from time to time as provided in the Purchase Agreement).

On December 31, 2012, the Company issued to Plexus an additional warrant to purchase from the Company 178,378 shares of the Company s common stock, at an exercise price equal to $2.542 per share (as adjusted from time to time as provided in the warrant).

Geographically, local-currency sales growth was broad-based, led by Latin America and Asia Pacific.

Organic local-currency sales growth was led by Latin American/Canada at 10.9 percent and the United States at 4.2 percent.

We paid cash of approximately $40.7 million under our share repurchase program in 2011 .

In 2012, we received cash of approximately $5.7 million as proceeds from the sale of two businesses.

The equity options resulted in net pre-tax losses of $15.1 million and volatility swaps resulted in a net pre-tax loss of $0.2 million for the year ended December 31, 2011, respectively.

The interest rate swaps resulted in net pre-tax gains of $3.3 million and interest rate swaptions resulted in a net pre-tax loss of $2.3 million for year ended December 31, 2012.

This balance fluctuates due to the timing of the prepayments.

This balance fluctuates due to the timing of the prepayments and to the timing of the premium receipts by APSL.

MHMB originates single family residential mortgage loans and sells these loans in the secondary market.

The Company also generates non-interest income by providing fee based banking services and by the origination and sale of conventional conforming and FHA/VA residential mortgage loans to the secondary market.

See Note 4 to the Company's financial statements included herein for restrictions on dividend payments.

See Note 6 to the Company's financial statements included herein for additional details regarding the pension plans.

Other: During the fourth quarter of fiscal year 2011, we recognized $2 million of losses associated with the sale of certain assets in connection with the closure of our EU Trailer business.

Also included in other charges are costs associated with the sale of our EU Trailer business.

In December 2011, January 2012 and February 2012, we declared distributions of $0.1455 per share, which were paid in January 2012 and will be paid in February 2012 and March 2012, respectively.

In December 2012, we declared dividends of $0.15175 per share, which were paid in January 2013.

Net Yields decreased 1.0% in 2015 compared to 2014 primarily due to the unfavorable effect of changes in foreign currency exchange rates related to our passenger ticket revenue transactions denominated in currencies other than the US dollar noted above.

The effect of changes in foreign currency exchange rates related to our passenger ticket and onboard and other revenue transactions and cruise operating expenses denominated in currencies other than the United States dollar resulted in a decrease to total revenues of $187.9 million for the year ended December 31, 2016 compared to the same period in 2015 and a decrease to cruise operating expenses of $40.9 million for the year ended December 31, 2016 compared to the same period in 2015 .

lapses in statutes of limitations during the first quarter of fiscal year 2013 and $9.2 million primarily for lapses in statutes of limitations and audit settlements in the fourth quarter of fiscal year 2013.

The benefit from income taxes in fiscal year 2013 was primarily due to a tax benefit of $24.0 million related to discrete items and losses in higher tax rate jurisdictions, partially offset by a provision from income taxes related to profits in lower tax rate jurisdictions.The $24.0 million of discrete items includes $9.4 million for lapses in statutes of limitations during the first quarter of fiscal year 2013 and $9.2 million primarily for lapses in statutes of limitations and audit settlements in the fourth quarter of fiscal year 2013.

This was primarily due to the benefit of income subject to foreign tax rates that are lower than U.S. tax rates and the benefit of releasing state tax reserves accrued under ASC 740-10 and related interest.

This was primarily due to differences related to the benefit of income subject to foreign tax rates that are lower than U.S. tax rates including South Korea and Singapore tax exemptions, the benefit of foreign tax credits, the benefit of the federal research and development tax credits including renewal of the federal research and development tax credits for fiscal 2012 and the benefit of releasing foreign tax reserves accrued under ASC 740-10 Income Taxes and related interest.

Eagle Village's operations resulted in recognition by the Company of net operating income of $284,000 on net revenue of approximately $945,000 in 2011.

DeCordova's operations resulted in recognition by the Company of net operating income of approximately $344,000 on net revenue of approximately $734,000 in 2012.

Other revenues increased $0.5 million primarily due to an increase in maintenance company revenues and other one-time revenue transactions.

General and administrative expense for the Company increased by $1.9 million, or 8.3% and increased for the Operating Partnership by $2.1 million, or 9.0%, primarily due to an increase in employee compensation and incentive compensation.

In this example, the value of the $2.00 investment would tend to rise faster than the spot price of gasoline, or fall slower.

In this example, the value of an investment in the second month contract would tend to rise faster than the spot price of gasoline, or fall slower.

For computing compliance with our revolving credit agreement covenants, we are required to adjust our leverage ratio by subtracting members subordinated certificates from total liabilities and adding members subordinated certificates to total equity.

For computing compliance with our revolving credit agreement covenants, we are required to adjust our leverage ratio by subtracting subordinated deferrable debt from total liabilities and adding it to total equity.

The return of approximately 9.34% on the Benchmark Futures Contract listed above is a hypothetical return only and could not actually be achieved by an investor holding Futures Contracts.

The increase of approximately 3.92% on the Benchmark Futures Contract listed above is a hypothetical return only and could not actually be achieved by an investor holding Futures Contracts.

Although we are uncertain on the final outcome of the second and third complaints regarding the ROE, we believe the current reserves established are appropriate to reflect probable and reasonably estimable refunds.

On March 22, 2016, the FERC ALJ issued an initial decision on the second and third complaints.

This increase was primarily attributable to a $3.7 million, or 5.4%, increase driven by increased average selling prices of PAD Systems during the year ended June 30, 2012 compared to the year ended June 30, 2011.

This increase was primarily attributable to an $18.2 million , or 25.0% , increase in the number of PAD Systems sold and a $3.2 million , or 33.6% , increase in sales of supplemental and other revenue during the year ended June 30, 2013 , compared to the year ended June 30, 2012 .

For the year ended December 31, 2012, UGA incurred $20,911 in ongoing registration fees and other expenses relating to the registration and offering of additional units.

For the year ended December 31, 2013, UGA incurred $46,454 in ongoing registration fees and other expenses relating to the registration and offering of additional shares.

Property expenses from acquired properties increased $0.4 million due to properties acquired subsequent to December 31, 2009.

Depreciation and other amortization from acquired properties increased $0.9 million due to properties acquired subsequent to December 31, 2011.

Non-Cash Expenses That Are Excluded From IAC's Non-GAAP Measure Stock-based compensation expense consists principally of expense associated with the grants of stock options, restricted stock units ("RSUs"), performance-based RSUs and market-based awards.

Non-Cash Expenses That Are Excluded From Non-GAAP Measure Stock-based compensation expense consists principally of expense associated with the grants, including unvested grants assumed in acquisitions (including the Combination), of stock options, restricted stock units ("RSUs"), performance-based RSUs and market-based awards.

As these differences between the actual investment returns and the expected investment returns are incorporated into the market-related value, the differences are recognized over the expected average remaining years of service for active employees.

As these differences between the actual investment returns and the expected investment returns are incorporated into the market-related value, the differences are recognized in pension cost over the expected average remaining years of service for active employees.

In April 2013, we received a cash payment of $12.5 million from Securus Technologies Holdings, Inc. in full satisfaction of all obligations under the loan agreement.

In April 2015, we received a cash payment of $2.5 million from Total Military Management, Inc. in full satisfaction of all obligations under the loan agreement.

Interest Expense increased in 2010, as compared to 2009, due primarily to higher Interest on Long-Term Debt resulting from the $150 million debt issuance in December 2009, offset by lower Interest on RRBs resulting from lower principal balances outstanding.

Interest Expense increased in 2011, as compared to 2010, due primarily to higher Other Interest in 2011, as compared to 2010, due to the prior year inclusion of a tax-related benefit, partially offset by lower Interest on RRBs in 2011, as compared to 2010, resulting from the maturity of CL P s RRBs in December 2010 and lower principal balances on the remaining PSNH and WMECO RRBs outstanding.

The increase in registration fees and expenses incurred by US12OF for the three months ended December 31, 2012, as compared to the three months ended December 31, 2011, was primarily due to a higher amortization rate of registration fees and expenses during the three months ended December 31, 2012.

The increase in registration fees and expenses incurred by USL for the three months ended December 31, 2012, as compared to the three months ended December 31, 2011, was primarily due to a higher amortization rate of registration fees and expenses during the three months ended December 31, 2012.

These costs are included in DPU approved tracking mechanisms and do not impact earnings.

Purchased Power and Transmission costs are included in regulatory-approved tracking mechanisms and do not impact earnings.

________ (1) Average leverage during the period was calculated by dividing the daily weighted average repurchase agreements and other debt outstanding, less amounts used to fund short-term investments in U.S. treasury securities, for the period by our average month-ended stockholders equity for the period.

Average leverage during the period was calculated by dividing the daily weighted average repurchase agreements and debt of consolidated VIEs outstanding for the period by our average month-ended stockholders equity for the period.

Other: During the fourth quarter of fiscal year 2011, we recognized $2 million of losses associated with the sale of certain assets in connection with the closure of our EU Trailer business.

Also included in other charges are costs associated with the sale of our EU Trailer business.

If the resulting number is a negative number, then the near month price is lower than the average price of the near 12 months and the market could be described as being in contango.

If the resulting number is a positive number, then the near month price is higher than the average price of the near 12 months and the market could be described as being in backwardation.

There were no gross unrealized losses on equity securities as of December 31, 2010.

There were no other states or individual issuer holdings that represented or exceeded 10% of the total municipal portfolio as of December 31, 2011.

Variabilities continue to exist in our ASPAC region that may negatively impact 2014 results, such as the rate of economic growth in China and renovations at several of our larger managed hotels.

Variabilities continue to exist in our ASPAC region that may negatively impact 2015 results, such as the rate of economic growth in China and market saturation in South Korea.

The overall change in operating results in each geographic region benefited as a result of the accelerated orders during the current year, as discussed above, as follows:

The overall change in operating results in each geographic region was negatively impacted by the accelerated orders into the fiscal 2014 fourth quarter from certain of our retailers due to our implementation of SMI as follows:

Cash flows from continuing operations in 2016 also included collections of $325 million of federal and state tax refunds.

Cash flows from continuing operations in 2017 also included $761 million of federal tax refunds.

The 15-year low income housing tax credit compliance period with respect to Hillsboro Fountainhead, L.P., expires on December 31, 2019.

The 15-year low income housing tax credit compliance period with respect to Meadow Glen Apartments, Limited Partnership, expires on December 31, 2019.

We believe these fees and expenses are not indicative of ongoing operations; therefore adjusting for these expenses enhances comparability to prior periods, anticipated future periods, and our competitors results.

We adjust for this amount because we believe these expenses are not indicative of ongoing operations; therefore adjusting for these expenses enhances comparability to prior periods, anticipated future periods, and our competitors results.

Net investment income has increased as our overall portfolio yield has increased 16 basis points from 2014 yield as discussed in the Consolidated Results of Operations above.

Net investment income decreased in 2016 as our average invested assets decreased as did the overall portfolio yield by 2 basis points from 2015 .

Table 21 below displays information regarding the credit characteristics of the loans in our single-family conventional guaranty book of business by acquisition period.

The following table displays the amount of jumbo-conforming and high-balance loans in our single-family conventional guaranty book of business.

(1) Excludes the effect of consolidated trusts with beneficial interests owned by third parties.

(4) Includes the effect of consolidated trusts with beneficial interests owned by third parties.

We provide services to leading multinational enterprises, carriers and government customers in over 100 countries.

We provide cloud networking services to leading multinational enterprise, carrier, and government clients in more than 100 countries.

Our future capital requirements will depend on many other factors, including our progress in commercializing Uplyso in Brazil, the progress and results of our clinical trials, the duration and cost of discovery and preclinical development and laboratory testing and clinical trials for our product candidates, conversions of our convertible notes from time to time, the timing and outcome of regulatory review of our product candidates, the costs involved in preparing, filing, prosecuting, maintaining, defending and enforcing patent claims and other intellectual property rights, the number and development requirements of other product candidates that we pursue and the costs of commercialization activities, including product marketing, sales and distribution.

Our future capital requirements will depend on many other factors, including our progress in commercializing alfataliglicerase in Brazil, the progress and results of our clinical trials, the duration and cost of discovery and preclinical development and laboratory testing and clinical trials for our product candidates, conversions of our convertible notes from time to time, the timing and outcome of regulatory review of our product candidates, the costs involved in preparing, filing, prosecuting, maintaining, defending and enforcing patent claims and other intellectual property rights, the number and development requirements of other product candidates that we pursue and the costs of commercialization activities, including product marketing, sales and distribution.

This increase of 1.0%, as a percentage of revenues, was primarily attributable to higher compensation costs of 0.4% primarily related to higher wage rates, higher facility-related costs of 0.2% principally from the expansion of U.S. facilities and lease termination costs in connection with the Fourth Quarter 2011 Exit Plan, higher software maintenance of 0.2%, higher legal and professional fees of 0.1%, higher taxes of 0.1% and higher other costs of 0.3%, partially offset by lower equipment and maintenance costs of 0.3%.

The decrease in Americas general and administrative expenses, as a percentage of revenues, was primarily attributable to lower compensation costs of 0.6%, lower facility-related costs of 0.4% due to rationalization of facilities, lower equipment and maintenance costs of 0.2% and lower other costs of 0.1%.

If actual developments differ from our expectations, our liquidity could be adversely affected.

If actual developments differ from Kronos expectations, its results of operations could be unfavorably affected.

Net loss for fiscal year 2014 was $836 thousand compared to net income of $662 thousand for the prior year period, a decrease of $1.5 million .

Net income for fiscal year 2015 was $364 thousand compared to a net loss of $836 thousand for the prior year period, an increase of $1.2 million .

These earnings increases were partially offset by the earnings impact associated with lower efficiency gas revenues ($6.1 million), as discussed above, higher depreciation expense ($0.6 million) and higher property taxes ($0.4 million).

The earnings increases were also partially offset by higher operating expenses ($2.6 million), a decrease in the allowance for funds used during construction (equity component) of $1.4 million, higher property taxes ($0.5 million), higher interest expense ($0.4 million) and higher income taxes ($1.0 million).

In April 2015, the FASB issued Accounting Standards Update No. 2015-03, Interest - Imputation of Interest - Simplifying the Presentation of Debt Issuance Costs .

In January 2017, the FASB issued Accounting Standards Update No. 2017-04, Intangibles-Goodwill and Other Topic (Topic 350), Simplifying the Test for Goodwill Impairment ("ASU 2017-04") , which amends Topic 350 to simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test.

The 70,431 square foot property was 98% leased at the time of purchase and is located in Fort Worth, Texas.

The 128,934 square foot property was 85% leased at the time of purchase and is located in Austin, Texas.

In addition, our production volumes are impacted by curtailed volumes of natural gas due to operational requirements associated with fracture stimulation and other operations on near-by horizontal wells, seasonal supply and demand conditions from end users and general maintenance and repairs to our wells.

Our production volumes in shale operations are impacted by curtailed volumes of natural gas due to operational requirements associated with fracture stimulation and other operations on nearby horizontal wells, seasonal supply and demand conditions from end users and general maintenance and repairs to our wells.

Lower distribution revenues related to the portions that are included in PURA approved tracking mechanisms that track and recover certain incurred costs that do not impact earnings.

Lower electric distribution segment revenues related to the portions that are included in regulatory commission approved tracking mechanisms that recover certain incurred costs and do not impact earnings.

We believe the increased sales achieved by our stores are the result of store growth and the high levels of customer service provided by our well-trained and technically proficient Team Members, superior inventory availability, including same day and over-night access to inventory in our regional distribution centers, enhanced services and programs offered in our stores, a broader selection of product offerings in most stores with a dynamic catalog system to identify and source parts, a targeted promotional and advertising effort through a variety of media and localized promotional events, continued improvement in the merchandising and store layouts of our stores, compensation programs for all store Team Members that provide incentives for performance and our continued focus on serving both DIY and professional service provider customers.

We believe the increased sales achieved by our stores were the result of store growth, sales from one additional day due to Leap Day for the year ended December 31, 2016, sales from the acquired 48 Bond stores, the high levels of customer service provided by our well-trained and technically proficient Team Members, superior inventory availability, including same day and over-night access to inventory in our regional distribution centers, enhanced services and programs offered in our stores, a broader selection of product offerings in most stores with a dynamic catalog system to identify and source parts, a targeted promotional and advertising effort through a variety of media and localized promotional events, continued improvement in the merchandising and store layouts of our stores, compensation programs for all store Team Members that provide incentives for performance and our continued focus on serving both DIY and professional service provider customers.

Our invested assets at December 31, 2010 , totaled $2.5 billion , compared to $2.4 billion at December 31, 2009 .

Changes in the credit ratings of our fixed maturity securities at December 31, 2011 , as compared to December 31, 2010 , are primarily due to the inclusion of Mercer Insurance Group's invested assets in our portfolio.

This decrease was offset by a $2.4 million increase in interest expense due to a decrease in the amount of interest capitalized in the current period.

The increase in other expense for CPE Resources is due to a $2.4 million increase in interest expense caused by a decrease in the amount of interest capitalized in the current period.

This increase is associated with the expensing of the fair value of options granted to all staff and executives during 2011.

This decrease is associated with the expensing of the fair value of options granted to all staff and executives during 2011.

As of December 31, 2012, we had cash and cash equivalents of $98.8 million and marketable investments of $143.8 million.

As of December 31, 2013 our remaining stock repurchase authorization was approximately $55.9 million.

The investment general partner will continue to work with the operating general partner and the management company to monitor and improve operations.

The investment general partner continues to work with the operating general partner and the management company to reduce operating costs.

The following information discusses the significant changes in operating expenses from our U.K./European Operations, excluding a decrease of $43.4 million due to the net impact from foreign currency depreciation.

The following information discusses the significant changes in operating expenses of our Australian Operations excluding a $1.9 million decrease due to the net impact from foreign currency depreciation.

Equity Repurchase Authorization- On July 21, 2016, our Board of Directors authorized the repurchase of up to $100 million of our common stock from time to time through open market purchases, privately negotiated transactions or otherwise, until September 30, 2019, subject to compliance with legal and regulatory requirements and our debt covenants.

On November 2, 2018, our Board of Directors authorized the repurchase of up to $100 million aggregate principal amount of any of our debt securities (including convertible debt securities) from time to time through open market purchases, privately negotiated transactions or otherwise, subject to compliance with legal and regulatory requirements and our debt covenants.

Our ability to generate royalty revenues from other licensees and franchisees sufficient to replace Target s historical royalty payments to us is yet to be determined and we may experience decreased revenue levels as a result of the expiration of this relationship, particularly in the near term as our wholesale arrangements intended to replace our license agreement with Target for the Cherokee brand begin to gain traction with new retailers and their consumer bases.

While we have entered into agreements with new licensees for the sale of Hawk Signature and Tony Hawk branded products, our ability to generate royalty revenues from other licensees sufficient to replace Kohl s historical royalty payments to us is yet to be determined, and we may experience decreased revenue levels result from the expiration of this relationship, particularly in the near term as our wholesale arrangements intended to replace our license agreement with Kohl s begin to gain traction with new retailers and their customers.

This decline was partially offset by 3.6% growth in the Cooking Group which primarily serves the restaurant and convenience store markets.

This decline was partially offset by 3.6% growth in the AAI segment of the Cooking Group which primarily serves the restaurant and convenience store markets.

We funded this redemption with cash on hand and borrowings under our revolving credit facility.

We funded this acquisition using cash on hand and borrowings under our unsecured revolving credit facility.

The 2012 effective tax rate is lower than the 35% U.S. federal statutory tax rate primarily due to inclusion of earnings in jurisdictions with lower tax rates than the U.S. federal statutory rate where such earnings are permanently reinvested.

$1.3 million, or 6.1%, decrease resulting from earnings in jurisdictions with lower tax rates than the U.S. federal statutory rate where such earnings are permanently reinvested.

Days in accounts payable for the three months ended October 3, 2015 was consistent compared to the three months ended September 27, 2014 .

Days in accounts receivable for the three months ended October 1, 2016 increased five days compared to the three months ended October 3, 2015 .

Based on the Company s consolidated leverage ratio covenant and adjusted EBITDA for the four quarters ended December 31, 2010, the maximum amount of Consolidated Funded Indebtedness, including borrowings under the Line of Credit, that could have been outstanding on December 31, 2010, was $63.8 million.

The maximum amount of Consolidated Funded Indebtedness, including borrowings under the ABL Facility, that could have been outstanding on December 31, 2011, was approximately $87.7 million.

Operating margin decreased to 14.9% of net sales as compared with 16.7% in the prior year, reflecting an increase in our operating expense margin, partially offset by our higher gross margin.

In fiscal 2015, operating margin decreased reflecting an increase in our operating expense margin, partially offset by our higher gross margin.

If actual developments differ from our expectations, our liquidity could be adversely affected.

If actual developments differ from Kronos expectations, its results of operations could be unfavorably affected.

The $8.0 million increase in cash used in investing activities in fiscal year 2012 compared to fiscal year 2011 was primarily due to the following:

The $221.8 million decrease in cash used in investing activities in fiscal year 2013 compared to fiscal year 2012 was primarily due to the following:

For the three months ended December 31, 2012, US12OF earned $10,242 in dividend and interest income on such Treasuries, cash and/or cash equivalents.

For the year ended December 31, 2013, USL earned $24,631 in dividend and interest income on such Treasuries, cash and/or cash equivalents.

Our revenue is predominately derived from business services that we provide on an ongoing basis.

Our revenue is predominately derived from core athenahealth business services that we provide on an ongoing basis.

Years Ended December 31, 2016 and 2015 Net sales for the year ended December 31, 2016 decreased by $94 million ( 26% ) compared to the comparable prior year period.

Years Ended December 31, 2016 and 2015 Net sales for the year ended December 31, 2016 increased by $41 million as compared to the comparable prior year period.

Interest income allocated from the Master for the three and twelve months ended December 31, 2015 decreased by $504 and $2,107, respectively, as compared to the corresponding periods in 2014.

Interest income allocated from the Master for the three and twelve months ended December 31, 2016 increased by $9,457 and $43,361, respectively, as compared to the corresponding periods in 2015.

As a result of adjustments to deferred revenue related to certain acquisitions required by business combination rules, we did not recognize $26.2 million of revenue in our Human Health segment for fiscal year 2012 and $30.8 million of revenue in our Human Health segment for fiscal year 2011 that otherwise would have been recorded by the acquired businesses during each of the respective periods.

As a result of adjustments to deferred revenue related to certain acquisitions required by business combination rules, we did not recognize $0.01 million of revenue for fiscal year 2013 that otherwise would have been recorded by the acquired businesses during each of the respective periods.

The increase in Adjusted EBITDA in 2014 is primarily due to increased revenue as described above in Wireless Segment Revenues.

The decrease in Adjusted EBITDA in 2016 is primarily due to decreased revenue as described above in Wireless Segment Revenues.

We expect the trend will continue in fiscal 2012 and our gross margin will continuously be negatively affected by the devalued U.S. dollar.

Although the U.S. dollar devaluation appears slowing down, we anticipate the trend will continue in fiscal 2013 and our gross margin will continue to be negatively affected by the devalued U.S. dollar.

We elected to early adopt ASU 2014-08, which had no impact on our consolidated financial statements.

The guidance in this ASU did not have an impact on our consolidated financial statements.

Net cash used in investing activities increased $51.0 million to $396.2 million during 2014 from $345.2 million during 2013 .

Net cash used in investing activities decreased $42.4 million to $353.8 million during 2015 from $396.2 million during 2014 .

our guarantor s existing and future secured debt to the extent of the value of the assets securing such debt, including all borrowings under our senior secured credit facility.

The 8.625% Senior Notes and the guarantees are effectively subordinated to all of Cinemark USA, Inc. s and its guarantor s existing and future secured debt to the extent of the value of the assets securing such debt, including all borrowings under Cinemark USA, Inc. s amended senior secured credit facility.

to our consolidated financial statements included in this annual report on Form 10-K.

See Note 9 to our consolidated financial statements included in this annual report on Form 10-K for the preliminary purchase price allocations.

Such amounts are included in either Other current liabilities or Other liabilities in the accompanying Consolidated Balance Sheets, based upon our expected time of recognition.

Related expenses deferred under drilling contracts totaled $55.7 million at December 31, 2017 as compared to $72.8 million at December 31, 2016 and are included in either Prepaid expenses and other current assets, Other assets, or Property and equipment, net in the accompanying Consolidated Balance Sheets, based upon our expected time of recognition.

This increase of 1.0%, as a percentage of revenues, was primarily attributable to higher compensation costs of 0.4% primarily related to higher wage rates, higher facility-related costs of 0.2% principally from the expansion of U.S. facilities and lease termination costs in connection with the Fourth Quarter 2011 Exit Plan, higher software maintenance of 0.2%, higher legal and professional fees of 0.1%, higher taxes of 0.1% and higher other costs of 0.3%, partially offset by lower equipment and maintenance costs of 0.3%.

The decrease in Americas general and administrative expenses, as a percentage of revenues, was primarily attributable to lower compensation costs of 0.6%, lower facility-related costs of 0.4% due to rationalization of facilities, lower equipment and maintenance costs of 0.2% and lower other costs of 0.1%.

Net sales for fiscal 2012 increased $75.5 million , or 3.4 percent , as compared to fiscal 2011 .

Net sales for fiscal 2014 in the AMER segment increased $175.4 million, or 16.5 percent, as compared to fiscal 2013, primarily due to increased net sales of $154.8 million to a key networking/communications customer resulting from a new product ramp.

Net sales for fiscal 2013 in the healthcare/life sciences sector increased $68.8 million as compared to fiscal 2012.

Net sales for fiscal 2015 in the networking/communications sector increased $82.0 million , or 10.8 percent , as compared to fiscal 2014 .

The ETR is projected to be approximately 32 percent to 34 percent.

The ETR is projected to be approximately 8 percent to 10 percent.

Interest Expense increased in 2010, as compared to 2009, due primarily to higher Interest on Long-Term Debt resulting from the $150 million debt issuance in December 2009, offset by lower Interest on RRBs resulting from lower principal balances outstanding.

Interest Expense increased in 2011, as compared to 2010, due primarily to higher Other Interest in 2011, as compared to 2010, due to the prior year inclusion of a tax-related benefit, partially offset by lower Interest on RRBs in 2011, as compared to 2010, resulting from the maturity of CL P s RRBs in December 2010 and lower principal balances on the remaining PSNH and WMECO RRBs outstanding.

Changes in the level of investment activities from period to period reflect our strategy as it relates to acquisitions, dispositions, development, redevelopment, and capital expenditures.

The change in investing activities was due to changes in the level of investment activities, which reflect our strategy as it relates to our investments in unconsolidated joint ventures and partnerships, acquisitions, dispositions, capital expenditures, and development activities, all of which are discussed in further detail throughout this Report.

We also recognized a $3.9 million pre-tax restructuring charge in our Environmental Health segment related to a workforce reduction from reorganization activities.

As a result of our Q4 2010 Plan, we recognized a $5.7 million pre-tax restructuring charge in our Human Health segment related to a workforce reduction from reorganization activities and the closure of excess facility space.

The leasing of property, in general, and occupancy rates, rental rates, operating expenses and certain non-operating expenses, in particular, are impacted, variously, by property specific, market specific, general economic and other conditions, many of which are beyond our control.

The sale of properties is impacted, variously, by property specific, market specific, general economic and other conditions, many of which are beyond our control.

Circulation expenses rose $10.1 million in fiscal 2014.

No such sales occurred in fiscal 2014.

In April 2015, the FASB issued Accounting Standards Update No. 2015-03, Interest - Imputation of Interest - Simplifying the Presentation of Debt Issuance Costs .

In January 2017, the FASB issued Accounting Standards Update No. 2017-04, Intangibles-Goodwill and Other Topic (Topic 350), Simplifying the Test for Goodwill Impairment ("ASU 2017-04") , which amends Topic 350 to simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test.

The ultimate indemnity cost of resolving nonmalignant claims with plaintiff s law firms in jurisdictions without an established history with Rockwell cannot be reasonably estimated.

The ultimate indemnity cost of resolving nonmalignant claims with plaintiff s law firms in jurisdictions without an established history with Maremont cannot be reasonably estimated.

Net cash used in financing activities was $253.5 million for 2015 compared to Net cash provided by financing activities of $17.5 million in 2014.

Net cash used in financing activities was $2.7 billion in 2017 compared to Net cash provided in financing activities of $243.8 million in 2016 .

Other Income, Net Other income, net primarily consists of interest income on our investments as well as gains and losses on foreign currency.

Other Income, Net Other income, net primarily consists of interest income on our investments as well as gains and losses on foreign currency and remained essentially consistent during 2015 as compared to the prior year.

Net Yields decreased 1.0% in 2015 compared to 2014 primarily due to the unfavorable effect of changes in foreign currency exchange rates related to our passenger ticket revenue transactions denominated in currencies other than the US dollar noted above.

The effect of changes in foreign currency exchange rates related to our passenger ticket and onboard and other revenue transactions and cruise operating expenses denominated in currencies other than the United States dollar resulted in a decrease to total revenues of $187.9 million for the year ended December 31, 2016 compared to the same period in 2015 and a decrease to cruise operating expenses of $40.9 million for the year ended December 31, 2016 compared to the same period in 2015 .