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q 0 0 1 rg BT 123.00 456.42 Td (Controls and Procedures) Tj ET Q BT /F2 10.00 Tf ET q 0 0 1 rg BT 549.00 456.42 Td (78) Tj ET Q BT /F2 10.00 Tf ET q 0 0 1 rg BT 123.00 441.42 Td (Other Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 1 rg BT 549.00 441.42 Td (79) Tj ET Q BT /F2 10.00 Tf ET q 0 0 1 rg BT 53.00 412.32 Td (P) Tj ET Q q 0 0 1 rg BT 57.64 412.32 Td (AR) Tj ET Q q 0 0 1 rg BT 70.93 412.32 Td (T) Tj ET Q q 0 0 1 rg BT 76.86 412.32 Td (III) Tj ET Q BT /F2 10.00 Tf ET q 0 0 1 rg BT 549.00 411.42 Td (81) Tj ET Q BT /F2 10.00 Tf ET q 0 0 1 rg BT 123.00 396.42 Td (Directors, Executive Of) Tj ET Q q 0 0 1 rg BT 218.06 396.42 Td (ficers and Corporate Governance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 1 rg BT 549.00 396.42 Td (81) Tj ET Q BT /F2 10.00 Tf ET q 0 0 1 rg BT 123.00 381.42 Td (Executive Compensation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 1 rg BT 549.00 381.42 Td (81) Tj ET Q BT /F2 10.00 Tf ET q 0 0 1 rg BT 123.00 366.42 Td (Security Ownership of Certain Beneficial Owners and 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Schedules) Tj ET Q BT /F2 10.00 Tf ET q 0 0 1 rg BT 549.00 281.42 Td (82) Tj ET Q BT /F2 10.00 Tf ET q 0 0 1 rg BT 53.00 267.32 Td (SIGNA) Tj ET Q q 0 0 1 rg BT 82.45 267.32 Td (TURES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 1 rg BT 549.00 266.42 Td (83) Tj ET Q endstream endobj 7 0 obj <>] /Rotate 0 /Contents 8 0 R>> endobj 8 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 133.70 736.25 Td (CAUTIONAR) Tj ET Q q 0 0 0 rg BT 195.02 736.25 Td (Y) Tj ET Q q 0 0 0 rg BT 201.87 736.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 215.86 736.25 Td (A) Tj ET Q q 0 0 0 rg BT 222.34 736.25 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 265.50 736.25 Td ( ) Tj ET Q q 0 0 0 rg BT 267.45 736.25 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 302.83 736.25 Td ( FOR) Tj ET Q q 0 0 0 rg BT 326.08 736.25 Td (W) Tj ET Q q 0 0 0 rg BT 334.97 736.25 Td (ARD-LOOKING ST) Tj ET Q q 0 0 0 rg BT 422.86 736.25 Td (A) Tj ET Q q 0 0 0 rg BT 429.33 736.25 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 718.25 Td (This ) Tj ET Q q 0 0 0 rg BT 93.73 718.25 Td (Annual Report on Form10-K \(Form 10-K\) includes certain forward-looking statements within the meaning of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Section27A) Tj ET Q q 0 0 0 rg BT 99.17 706.25 Td ( of the Securities ) Tj ET Q q 0 0 0 rg BT 168.59 706.25 Td (Act of 1933 \(Securities ) Tj ET Q q 0 0 0 rg BT 268.01 706.25 Td (Act\) and Section21E of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 469.61 706.25 Td (Act of 1934 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (\(Exchange ) Tj ET Q q 0 0 0 rg BT 99.14 694.25 Td (Act\). ) Tj ET Q q 0 0 0 rg BT 126.17 694.25 Td (This information includes statements regarding our plans, goals or current expectations with respect to, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (among other things:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.45 664.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.45 664.25 Td (our future operating performance;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.45 646.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.45 646.25 Td (our ability to maintain or improve our mar) Tj ET Q q 0 0 0 rg BT 249.95 646.25 Td (gins;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.45 628.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.45 628.25 Td (operating cash flows and availability of capital;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.45 610.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.45 610.25 Td (the completion of future acquisitions;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.45 592.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.45 592.25 Td (the future revenues of acquired dealerships;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.45 574.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.45 574.25 Td (future stock repurchases, refinancing of convertible notes and dividends;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.45 556.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.45 556.25 Td (future capital expenditures;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.45 538.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.45 538.25 Td (changes in sales volumes and availability of credit for customer financing in new and used vehicles and sales volumes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.45 526.25 Td (in the parts and service markets;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.45 508.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.45 508.25 Td (business trends in the retail automotive industry) Tj ET Q q 0 0 0 rg BT 271.44 508.25 Td (, including the level of manufacturer incentives, new and used vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.45 496.25 Td (retail sales volume, customer demand, interest rates and changes in industry-wide inventory levels;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.45 478.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.45 478.25 Td (availability of financing for inventory) Tj ET Q q 0 0 0 rg BT 230.87 478.25 Td (, working capital, real estate and capital expenditures.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 460.25 Td (Although we believe that the expectations reflected in these forward-looking statements are reasonable when and as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (made, we cannot assure you that these expectations will prove to be correct. ) Tj ET Q q 0 0 0 rg BT 356.10 448.25 Td (When used in this Form 10-K, the words ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (anticipate, believe, estimate, expect, "intend," may and similar expressions, as they relate to our company and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (management, are intended to identify forward-looking statements. Our forward-looking statements are not assurances of future ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (performance and involve risks and uncertainties \(some of which are beyond our control\) and assumptions that could cause ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (actual results to dif) Tj ET Q q 0 0 0 rg BT 126.19 400.25 Td (fer materially from our historical experience and our present expectations or projections. Known material ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (factors that could cause our actual results to dif) Tj ET Q q 0 0 0 rg BT 238.64 388.25 Td (fer from those in the forward-looking statements are those described in Part I, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (Item 1A. Risk Factors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 358.25 Td (Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 346.25 Td (e undertake no responsibility to publicly release the result of any revision of our forward-looking statements after the date ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (they are made.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (2) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 289.80 736.25 Td (P) Tj ET Q q 0 0 0 rg BT 295.17 736.25 Td (AR) Tj ET Q q 0 0 0 rg BT 309.26 736.25 Td (T) Tj ET Q q 0 0 0 rg BT 315.75 736.25 Td (I) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 719.45 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 701.45 Td (Item 1. Business) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 683.45 Td (General) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 665.45 Td (Group 1 ) Tj ET Q q 0 0 0 rg BT 109.00 665.45 Td (Automotive, Inc., a Delaware corporation or) Tj ET Q q 0 0 0 rg BT 286.53 665.45 Td (ganized in 1995, is a leading operator in the automotive retail ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 653.45 Td (industry) Tj ET Q q 0 0 0 rg BT 82.13 653.45 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.58 653.45 Td (As of December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.60 653.45 Td (, we owned and operated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.79 653.45 Td (147) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.79 653.45 Td ( franchises, representing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.75 653.45 Td (34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.75 653.45 Td ( brands of automobiles, at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.84 653.45 Td (1) Tj ET Q q 0 0 0 rg BT 527.47 653.45 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.47 653.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 641.45 Td (dealership locations and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.14 641.45 Td (28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.14 641.45 Td (collision service centers in the United States of ) Tj ET Q q 0 0 0 rg BT 351.59 641.45 Td (America \(U.S.\), ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.83 641.45 Td (19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.83 641.45 Td ( franchises at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.08 641.45 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.08 641.45 Td ( dealerships ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 629.45 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.94 629.45 Td (four) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.60 629.45 Td ( collision centers in the United Kingdom \(U.K.\) and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.27 629.45 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.27 629.45 Td ( franchises at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.52 629.45 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.52 629.45 Td ( dealerships and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.44 629.45 Td (five) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.99 629.45 Td ( collision centers in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 617.45 Td (Brazil. ) Tj ET Q q 0 0 0 rg BT 79.25 617.45 Td (Through our dealerships, we sell new and used cars and light trucks; arrange related vehicle financing; sell service and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 605.45 Td (insurance contracts; provide automotive maintenance and repair services; and sell vehicle parts. Our operations are primarily ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 593.45 Td (located in major metropolitan areas in ) Tj ET Q q 0 0 0 rg BT 203.84 593.45 Td (Alabama, California, Florida, Geor) Tj ET Q q 0 0 0 rg BT 344.17 593.45 Td (gia, Kansas, Louisiana, Maryland, Massachusetts, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 581.45 Td (Mississippi, New Hampshire, New Jersey) Tj ET Q q 0 0 0 rg BT 216.55 581.45 Td (, New ) Tj ET Q q 0 0 0 rg BT 242.56 581.45 Td (Y) Tj ET Q q 0 0 0 rg BT 248.78 581.45 Td (ork, Oklahoma, South Carolina, and ) Tj ET Q q 0 0 0 rg BT 395.80 581.45 Td (T) Tj ET Q q 0 0 0 rg BT 401.21 581.45 Td (exas in the U.S., in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.54 581.45 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.54 581.45 Td ( towns in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 569.45 Td (U.K., and in key metropolitan markets in the states of Sao Paulo and Parana in Brazil.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 551.45 Td (As of December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.03 551.45 Td (, our U.S. retail network consisted of the following two regions \(with the number of dealerships ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 539.45 Td (they comprised\): \(a\)the East \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.34 539.45 Td (48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.34 539.45 Td ( dealerships in ) Tj ET Q q 0 0 0 rg BT 241.05 539.45 Td (Alabama, Florida, Geor) Tj ET Q q 0 0 0 rg BT 335.84 539.45 Td (gia, Louisiana, Maryland, Massachusetts, Mississippi, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 527.45 Td (New Hampshire, New Jersey) Tj ET Q q 0 0 0 rg BT 165.98 527.45 Td (, New ) Tj ET Q q 0 0 0 rg BT 191.99 527.45 Td (Y) Tj ET Q q 0 0 0 rg BT 198.21 527.45 Td (ork, and South Carolina\) and \(b\)the ) Tj ET Q q 0 0 0 rg BT 345.22 527.45 Td (W) Tj ET Q q 0 0 0 rg BT 353.86 527.45 Td (est \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.80 527.45 Td (68) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.80 527.45 Td (dealerships in California, Kansas, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 515.45 Td (Louisiana, Oklahoma, and ) Tj ET Q q 0 0 0 rg BT 157.85 515.45 Td (T) Tj ET Q q 0 0 0 rg BT 163.26 515.45 Td (exas\). Each U.S. region is managed by a regional vice president who reports directly to our Chief ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 503.45 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 102.85 503.45 Td (ficer and is responsible for the overall performance of their region. ) Tj ET Q q 0 0 0 rg BT 372.01 503.45 Td (The financial matters of each U.S. region are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 491.45 Td (managed by a regional chief financial of) Tj ET Q q 0 0 0 rg BT 211.41 491.45 Td (ficer who reports directly to our Chief Financial Of) Tj ET Q q 0 0 0 rg BT 416.17 491.45 Td (ficer) Tj ET Q q 0 0 0 rg BT 433.93 491.45 Td (. In addition, as of December ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 479.45 Td (31, 2013, we had two international regions one of which consisted of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.54 479.45 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.54 479.45 Td ( dealerships in the U.K. and the other of which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 467.45 Td (consisted of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.26 467.45 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.26 467.45 Td ( dealerships in Brazil. Our international regions are also managed locally with direct reporting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 455.45 Td (responsibilities to our corporate management team.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 437.45 Td (As discussed in more detail in Note2 of our Consolidated Financial Statements, Summary of Significant ) Tj ET Q q 0 0 0 rg BT 499.21 437.45 Td (Accounting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 425.45 Td (Policies and Estimates, all of our operating subsidiaries are aligned into one of four operating segments. Our financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 413.45 Td (information, including our revenues from external customers, a measure of profit or loss, and total assets, is included in our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 401.45 Td (Consolidated Financial Statements and related notes beginning on pageF-1.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 383.45 Td (Business Strategy) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 365.45 Td (Our business strategy is to leverage what we believe to be one of our key strengths the talent of our people to: \(a\)sell ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 353.45 Td (new and used cars and light trucks; \(b\)arrange related vehicle financing, service and insurance contracts; \(c\)provide ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 341.45 Td (automotive maintenance and repair services; and \(d\)sell vehicle parts via an expanding network of franchised dealerships ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 329.45 Td (located primarily in growing regions of the U.S.,the U.K. and Brazil. ) Tj ET Q q 0 0 0 rg BT 330.31 329.45 Td (W) Tj ET Q q 0 0 0 rg BT 338.95 329.45 Td (e believe, as evidenced by the significant industry ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 317.45 Td (experience of our executive of) Tj ET Q q 0 0 0 rg BT 171.42 317.45 Td (ficers, that over the last eight years we have continued to develop a distinguished management ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 305.45 Td (team with substantial industry expertise. ) Tj ET Q q 0 0 0 rg BT 213.68 305.45 Td (W) Tj ET Q q 0 0 0 rg BT 222.71 305.45 Td (ith our management structure and level of executive talent, we plan to continue ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 293.45 Td (empowering the operators of our dealerships to make appropriate decisions to grow their respective dealership operations and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 281.45 Td (to control fixed and variable costs. ) Tj ET Q q 0 0 0 rg BT 190.61 281.45 Td (W) Tj ET Q q 0 0 0 rg BT 199.25 281.45 Td (e believe this approach allows us to continue to attract and retain talented employees, as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 269.45 Td (well as provide the best possible service to our customers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 251.45 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 251.45 Td (e continue to primarily focus on the performance of our existing dealerships to achieve growth, capture market share, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 239.45 Td (and maximize the investment return to our stockholders. For ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.39 239.45 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.39 239.45 Td (, we will primarily focus on five key areas as we continue to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 227.45 Td (become a best-in-class automotive retailer) Tj ET Q q 0 0 0 rg BT 218.27 227.45 Td (. ) Tj ET Q q 0 0 0 rg BT 223.09 227.45 Td (These areas are:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 209.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 209.45 Td (sustained growth of our higher mar) Tj ET Q q 0 0 0 rg BT 235.62 209.45 Td (gin parts and service business with an emphasis on service customer satisfaction ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 197.45 Td (and retention;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 179.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 179.45 Td (capture of additional new and used vehicle retail market share;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 161.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 161.45 Td (improvement of operating ef) Tj ET Q q 0 0 0 rg BT 209.50 161.45 Td (ficiencies and further leveraging of our cost base;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 143.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 143.45 Td (further implementation of an operating model with greater commonality of key operating processes, systems and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 131.45 Td (training that support the extension of best practices and the leveraging of scale as well as promote customer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 119.45 Td (satisfaction;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 101.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 101.45 Td (enhancement of our current dealership portfolio by strategic acquisitions and improving or disposing of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 89.45 Td (underperforming dealerships.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 71.45 Td (Our focus in our parts and service operations will be on tar) Tj ET Q q 0 0 0 rg BT 309.03 71.45 Td (geted marketing ef) Tj ET Q q 0 0 0 rg BT 383.81 71.45 Td (forts, strategic selling and operational ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 59.45 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 59.45 Td (ficiencies, as well as capital investments designed to support our growth tar) Tj ET Q q 0 0 0 rg BT 359.55 59.45 Td (gets. ) Tj ET Q endstream endobj 11 0 obj <>] /Rotate 0 /Contents 12 0 R>> endobj 12 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 742.10 Td (e made significant changes in our operating model during the last five years, which were designed to reduce variable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (and fixed expenses, appropriately leverage our scale and generate operating ef) Tj ET Q q 0 0 0 rg BT 362.72 730.10 Td (ficiencies. ) Tj ET Q q 0 0 0 rg BT 405.48 730.10 Td (As our business grows in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.54 730.10 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.54 730.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (beyond, we intend to manage our costs carefully and to look for opportunities to improve our operating ef) Tj ET Q q 0 0 0 rg BT 473.04 718.10 Td (ficiencies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 700.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 700.10 Td (e continue our ef) Tj ET Q q 0 0 0 rg BT 149.93 700.10 Td (forts to fully leverage our scale, reduce costs, enhance internal controls, and enable further growth ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (and, as such, we are taking steps to standardize key operating processes. ) Tj ET Q q 0 0 0 rg BT 341.11 688.10 Td (W) Tj ET Q q 0 0 0 rg BT 349.75 688.10 Td (e believe that our management structure supports ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (more rapid decision making and facilitates a quicker roll-out of new processes. Over the last four years, we have consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (portions of our dealership accounting, human resources, and other administrative functions into regional centers and we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (implemented standardized training programs for our vehicle and service sales processes. ) Tj ET Q q 0 0 0 rg BT 405.81 652.10 Td (W) Tj ET Q q 0 0 0 rg BT 414.44 652.10 Td (e have also fully commonized key ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (operating computer systems in the U.S. ) Tj ET Q q 0 0 0 rg BT 209.79 640.10 Td (These actions represent key building blocks that we are using to more ef) Tj ET Q q 0 0 0 rg BT 498.97 640.10 Td (fectively ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (manage the business operations, support extension of best practices, and further leverage the scale of the business. ) Tj ET Q q 0 0 0 rg BT 509.12 628.10 Td (W) Tj ET Q q 0 0 0 rg BT 517.76 628.10 Td (e are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (constantly evaluating opportunities to improve the profitability of our dealerships. ) Tj ET Q q 0 0 0 rg BT 380.58 616.10 Td (W) Tj ET Q q 0 0 0 rg BT 389.22 616.10 Td (e attempt to capitalize on our size, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (leverage, and ability to disseminate best practices in order to expedite these ef) Tj ET Q q 0 0 0 rg BT 361.65 604.10 Td (forts. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 586.10 Td (In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.83 586.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.83 586.10 Td (, we completed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.14 586.10 Td (38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.14 586.10 Td ( franchise acquisitions, which had an aggregate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.57 586.10 Td ($1,317.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.96 586.10 Td ( in expected annualized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (revenues estimated at the time of acquisition, and disposed of seven franchises with annual revenues of approximately $318.9 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 83.71 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 92.35 562.10 Td (e believe that substantial opportunities for growth through acquisitions remain in our industry) Tj ET Q q 0 0 0 rg BT 466.07 562.10 Td (. ) Tj ET Q q 0 0 0 rg BT 470.52 562.10 Td (An absolute ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (acquisition tar) Tj ET Q q 0 0 0 rg BT 106.75 550.10 Td (get has not been established for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.04 550.10 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.04 550.10 Td (, but we expect to acquire dealerships that meet our stringent acquisitions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (and return on investment criteria. ) Tj ET Q q 0 0 0 rg BT 185.33 538.10 Td (W) Tj ET Q q 0 0 0 rg BT 193.96 538.10 Td (e believe that as of December 31, 2013, we have suf) Tj ET Q q 0 0 0 rg BT 402.59 538.10 Td (ficient financial resources to support ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (additional acquisitions. ) Tj ET Q q 0 0 0 rg BT 145.08 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 153.72 526.10 Td (e plan to focus our growth in geographically diverse areas with positive economic outlooks over the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (longer) Tj ET Q q 0 0 0 rg BT 75.35 514.10 Td (-term. Further) Tj ET Q q 0 0 0 rg BT 131.04 514.10 Td (, we intend to critically evaluate our return on invested capital in our current dealership portfolio for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (disposition opportunities. For more information on our acquisitions and dispositions, including those occuring in 2013, see ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td ("Acquisition and Divestiture Program" below) Tj ET Q q 0 0 0 rg BT 231.93 490.10 Td (.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 13 0 obj <>] /Rotate 0 /Contents 14 0 R>> endobj 14 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Dealership Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 724.25 Td (Our operations are located in geographically diverse markets that extend domestically across 15 states and internationally ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (in the U.K. and Brazil. By geographic area, our revenues from external customers for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.46 712.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.04 712.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 700.25 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.94 700.25 Td (201) Tj ET Q q 0 0 0 rg BT 106.57 700.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.57 700.25 Td ( were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.00 700.25 Td ($7,353.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.39 700.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.39 700.25 Td ($6,954.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.78 700.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.22 700.25 Td ($5,760.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.61 700.25 Td ( from our domestic operations, respectively) Tj ET Q q 0 0 0 rg BT 532.80 700.25 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td ($1,565.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.39 688.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.39 688.25 Td ($522.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.28 688.25 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.22 688.25 Td ($319.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.11 688.25 Td ( from our international operations, respectively) Tj ET Q q 0 0 0 rg BT 448.74 688.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.18 688.25 Td (As of December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 556.21 688.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 676.25 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.94 676.25 Td (201) Tj ET Q q 0 0 0 rg BT 106.57 676.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.57 676.25 Td (, our aggregate long-lived assets other than goodwill and intangible assets and financial instruments in our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (domestic operations were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.69 664.25 Td ($726.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.58 664.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.58 664.25 Td ($642.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.47 664.25 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.41 664.25 Td ($569.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.30 664.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 410.96 664.25 Td (, and in our international operations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.93 652.25 Td ($82.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.82 652.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.82 652.25 Td ($35.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.71 652.25 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.65 652.25 Td ($28.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.54 652.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 313.20 652.25 Td (. For a discussion of the risks associated with our operations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (in the U.K. and Brazil, please see Part I, Item 1A. Risk Factors. ) Tj ET Q q 0 0 0 rg BT 315.02 640.25 Td (The following table sets forth the regions and geographic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (markets in which we operate, the percentage of new vehicle retail units sold in each region in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.42 628.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.42 628.25 Td ( and the number of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (dealerships and franchises in each region:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 216.88 616.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 556.75 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.50 556.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 122.50 556.75 182.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 556.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 556.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 556.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 556.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 556.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 556.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 528.75 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.50 528.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 122.50 528.75 182.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 528.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 528.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 528.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 528.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 528.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 528.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 500.75 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.50 500.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 122.50 500.75 182.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 500.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 500.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 500.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 500.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 500.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 500.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 472.75 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.50 472.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 122.50 472.75 182.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 472.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 472.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 472.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 472.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 472.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 472.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 444.75 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.50 444.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 122.50 444.75 182.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 444.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 444.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 444.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 444.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 444.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 444.75 82.00 -14.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 308.50 388.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 388.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 388.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 388.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 388.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 360.75 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.50 360.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 122.50 360.75 182.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 360.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 360.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 360.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 360.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 360.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 360.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 332.75 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.50 332.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 122.50 332.75 182.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 332.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 332.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 332.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 332.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 332.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 332.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 304.75 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.50 304.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 122.50 304.75 182.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 304.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 304.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 304.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 304.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 304.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 304.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 276.75 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.50 276.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 122.50 276.75 182.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 276.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 276.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 276.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 276.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 276.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 276.75 82.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 577.75 m 476.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 577.75 m 480.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 577.75 m 562.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 556.75 m 118.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 122.5 556.75 m 304.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 556.75 m 390.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 556.75 m 476.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 556.75 m 562.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 122.5 556.75 m 304.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 402.75 m 390.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 402.75 m 476.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 402.75 m 562.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 388.75 m 390.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 402.75 m 476.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 388.75 m 476.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 388.75 m 562.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 318.75 m 390.5 318.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 318.75 m 476.5 318.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 318.75 m 562.5 318.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 304.75 m 390.5 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 304.75 m 476.5 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 304.75 m 562.5 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 276.75 m 390.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 263.75 m 390.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 261.75 m 390.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 276.75 m 476.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 263.75 m 476.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 261.75 m 476.5 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 276.75 m 562.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 263.75 m 562.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 261.75 m 562.5 261.75 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 560.98 Td (Region) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 125.00 560.98 Td (GeographicMarket) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 317.80 591.83 Td (PercentageofOur) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 317.00 583.83 Td (New Vehicle Retail) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 311.75 575.83 Td (Units Sold During the) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.95 567.83 Td (YearEnded) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 316.75 559.83 Td (December31,2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 435.95 581.98 Td (As of December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.50 568.98 Td (Number) Tj ET Q q 0 0 0 rg BT 444.80 568.98 Td ( of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.00 560.98 Td (Dealerships) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.50 568.98 Td (Number) Tj ET Q q 0 0 0 rg BT 530.80 568.98 Td (of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.55 560.98 Td (Franchises) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 547.32 Td (East) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 547.32 Td (Massachusetts) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.15 547.32 Td (5.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.65 547.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 547.32 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 547.32 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 533.32 Td (New Jersey) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.15 533.32 Td (4.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 533.32 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 533.32 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 519.32 Td (Georgia) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.15 519.32 Td (3.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 519.32 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 519.32 Td (11) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 505.32 Td (New York) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.15 505.32 Td (2.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 505.32 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 505.32 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 491.32 Td (New Hampshire) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.15 491.32 Td (2.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 491.32 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 491.32 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 477.32 Td (Louisiana) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.15 477.32 Td (2.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 477.32 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 477.32 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 463.32 Td (South Carolina) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.15 463.32 Td (1.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 463.32 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 463.32 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 449.32 Td (Mississippi) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.15 449.32 Td (1.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 449.32 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 449.32 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 435.32 Td (Florida) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.15 435.32 Td (1.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 435.32 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 435.32 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 421.32 Td (Alabama) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.15 421.32 Td (0.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 421.32 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 421.32 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 407.32 Td (Maryland) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.15 407.32 Td (0.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 407.32 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 407.32 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.15 393.32 Td (26.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 393.32 Td (48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 393.32 Td (53) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 379.32 Td (West) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 379.32 Td (Texas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.15 379.32 Td (32.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 379.32 Td (43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 379.32 Td (57) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 365.32 Td (California) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.15 365.32 Td (10.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 365.32 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 365.32 Td (11) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 351.32 Td (Oklahoma) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.15 351.32 Td (7.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 351.32 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 351.32 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 337.32 Td (Kansas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.15 337.32 Td (2.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 337.32 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 337.32 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 323.32 Td (Louisiana) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.15 323.32 Td (0.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 323.32 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 323.32 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.15 309.32 Td (53.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 309.32 Td (68) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 309.32 Td (94) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 295.32 Td (International) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 295.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.15 295.32 Td (11.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 295.32 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 295.32 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 281.32 Td (United Kingdom) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.15 281.32 Td (8.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 281.32 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 281.32 Td (19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 267.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.15 267.32 Td (100.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.65 267.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.65 267.32 Td (148) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 267.32 Td (188) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 245.25 Td (Each of our local operations has a management structure designed to promote and reward entrepreneurial spirit and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 233.25 Td (achievement of team goals. ) Tj ET Q q 0 0 0 rg BT 161.72 233.25 Td (The general manager of each dealership, with assistance from the managers of new vehicle sales, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 221.25 Td (used vehicle sales, parts, service, and finance and insurance, is ultimately responsible for the operation, personnel and financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 209.25 Td (performance of the dealership. Our dealerships are operated as distinct profit centers, and our general managers have a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 197.25 Td (reasonable degree of empowerment within our or) Tj ET Q q 0 0 0 rg BT 246.97 197.25 Td (ganization. In the U.S., each general manager reports to one of our market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 185.25 Td (directors or one of two regional vice presidents. Our U.S. regional vice presidents report directly to our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 542.45 185.25 Td (ficer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 173.25 Td (and are responsible for the overall performance of their regions, as well as for overseeing the market directors and dealership ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 161.25 Td (general managers that report to them. Our U.K. and Brazil operations are structured similarly) Tj ET Q q 0 0 0 rg BT 422.00 161.25 Td (, with a regional vice president ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 149.25 Td (reporting directly to our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 225.87 149.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 243.64 149.25 Td (.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 15 0 obj <>] /Rotate 0 /Contents 16 0 R>> endobj 16 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 742.25 Td (New V) Tj ET Q q 0 0 0 rg BT 88.39 742.25 Td (ehicle Retail Sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 724.25 Td (In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.83 724.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.83 724.25 Td (, we sold or leased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.48 724.25 Td (155,866) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.98 724.25 Td ( new vehicles representing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.82 724.25 Td (34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.82 724.25 Td ( brands in retail transactions at our dealerships. Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (retail sales of new vehicles accounted for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.43 712.25 Td (22.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.26 712.25 Td ( of our gross profit in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.03 712.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.03 712.25 Td (. In addition to the profit related to the transactions, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (a typical new vehicle retail sale or lease may create the following additional profit opportunities for our dealerships:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 682.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 682.25 Td (manufacturer dealer incentives;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 664.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 664.25 Td (the resale of any used vehicle trade-in purchased by the dealership;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 646.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 646.25 Td (the sale of third-party finance, vehicle service and insurance contracts in connection with the retail sale;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 628.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 628.25 Td (the sale of accessories or after) Tj ET Q q 0 0 0 rg BT 215.01 628.25 Td (-market products;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 610.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 610.25 Td (the service and repair of the vehicle both during and after the warranty period.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 17 0 obj <>] /Rotate 0 /Contents 18 0 R>> endobj 18 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 742.10 Td (e consider brand diversity to be one of our strengths and its importance was highlighted in 201) Tj ET Q q 0 0 0 rg BT 459.02 742.10 Td (1 when two of our lar) Tj ET Q q 0 0 0 rg BT 545.21 742.10 Td (gest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (manufacturer partners, ) Tj ET Q q 0 0 0 rg BT 142.83 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 148.24 730.10 Td (oyota and Honda, suf) Tj ET Q q 0 0 0 rg BT 233.59 730.10 Td (fered from the natural disaster in Japan, halting production and severely limiting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (inventory supply for much of the year in these two brands. ) Tj ET Q q 0 0 0 rg BT 286.43 718.10 Td (The following table sets forth new vehicle sales revenue by brand ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (and the number of new vehicle retail units sold in the year ended, and the number of franchises we owned, as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.85 706.10 Td (December31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 694.10 Td (:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.78 694.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 637.60 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 637.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 637.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 637.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 637.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 637.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 637.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 637.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 637.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 609.60 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 609.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 609.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 609.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 609.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 609.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 609.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 609.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 609.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 581.60 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 581.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 581.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 581.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 581.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 581.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 581.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 581.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 581.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 553.60 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 553.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 553.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 553.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 553.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 553.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 553.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 553.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 553.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 525.60 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 525.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 525.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 525.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 525.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 525.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 525.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 525.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 525.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 497.60 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 497.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 497.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 497.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 497.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 497.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 497.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 497.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 497.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 469.60 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 469.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 469.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 469.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 469.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 469.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 469.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 469.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 469.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 441.60 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 441.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 441.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 441.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 441.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 441.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 441.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 441.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 441.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 413.60 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 413.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 413.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 413.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 413.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 413.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 413.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 413.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 413.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 385.60 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 385.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 385.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 385.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 385.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 385.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 385.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 385.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 385.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 357.60 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 357.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 357.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 357.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 357.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 357.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 357.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 357.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 357.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 329.60 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 329.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 329.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 329.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 329.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 329.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 329.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 329.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 329.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 301.60 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 301.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 301.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 301.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 301.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 301.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 301.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 301.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 301.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 273.60 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 273.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 273.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 273.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 273.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 273.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 273.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 273.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 273.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 245.60 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 245.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 245.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 245.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 245.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 245.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 245.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 245.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 245.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 217.60 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 217.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 217.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 217.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 217.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 217.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 217.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 217.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 217.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 189.60 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 189.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 189.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 189.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 189.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 189.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 189.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 189.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 189.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 161.60 192.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 161.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 161.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 161.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 161.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 161.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 161.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 161.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 161.60 76.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 649.6 m 322.5 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 649.6 m 402.5 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 649.6 m 482.5 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 649.6 m 562.5 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 147.60000000000002 m 322.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 147.60000000000002 m 402.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 147.60000000000002 m 482.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 147.60000000000002 m 562.5 147.60000000000002 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 263.20 661.83 Td (New ) Tj ET Q q 0 0 0 rg BT 280.16 661.83 Td (V) Tj ET Q q 0 0 0 rg BT 285.20 661.83 Td (ehicle) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 267.75 653.83 Td (Revenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.20 661.83 Td (New) Tj ET Q q 0 0 0 rg BT 360.16 661.83 Td (V) Tj ET Q q 0 0 0 rg BT 365.20 661.83 Td (ehicle) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.75 653.83 Td (Unit Sales) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.95 661.83 Td (%of) Tj ET Q q 0 0 0 rg BT 444.47 661.83 Td (T) Tj ET Q q 0 0 0 rg BT 449.07 661.83 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.30 653.83 Td (Units Sold) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.30 669.68 Td (FranchisesOwned) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.10 661.68 Td (as of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.75 653.68 Td (December) Tj ET Q q 0 0 0 rg BT 526.25 653.68 Td (31,2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 641.55 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 259.20 641.68 Td (\(Inthousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.00 641.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.00 641.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.00 641.55 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 628.17 Td (Toyota) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.00 628.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.15 628.17 Td (965,157) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.15 628.17 Td (34,863) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.50 628.17 Td (22.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 628.17 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 614.17 Td (BMW) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.15 614.17 Td (717,921) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.15 614.17 Td (13,780) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 614.17 Td (8.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 614.17 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 600.17 Td (Ford) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.15 600.17 Td (589,647) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.15 600.17 Td (17,907) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.50 600.17 Td (11.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 600.17 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 586.17 Td (Honda) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.15 586.17 Td (432,875) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.15 586.17 Td (16,122) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.50 586.17 Td (10.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 586.17 Td (9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 572.17 Td (Nissan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.15 572.17 Td (400,445) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.15 572.17 Td (15,415) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 572.17 Td (9.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 572.17 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 558.17 Td (Mercedes-Benz) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.15 558.17 Td (383,334) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.15 558.17 Td (6,652) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 558.17 Td (4.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 558.17 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 544.17 Td (Lexus) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.15 544.17 Td (274,268) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.15 544.17 Td (5,724) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 544.17 Td (3.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 544.17 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 530.17 Td (Audi) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.15 530.17 Td (205,077) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.15 530.17 Td (5,198) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 530.17 Td (3.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.00 530.17 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 516.17 Td (Chevrolet) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.15 516.17 Td (157,462) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.15 516.17 Td (4,480) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 516.17 Td (2.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 516.17 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 502.17 Td (Acura) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.15 502.17 Td (117,667) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.15 502.17 Td (3,097) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 502.17 Td (2.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 502.17 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 488.17 Td (Volkswagen) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.15 488.17 Td (115,123) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.15 488.17 Td (4,536) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 488.17 Td (2.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 488.17 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 474.17 Td (Hyundai) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.15 474.17 Td (112,342) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.15 474.17 Td (4,733) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 474.17 Td (3.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 474.17 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 460.17 Td (MINI) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.15 460.17 Td (93,144) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.15 460.17 Td (3,497) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 460.17 Td (2.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 460.17 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 446.17 Td (Land Rover) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.15 446.17 Td (81,652) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.65 446.17 Td (823) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 446.17 Td (0.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 446.17 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 432.17 Td (Jeep) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.15 432.17 Td (76,797) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.15 432.17 Td (2,214) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 432.17 Td (1.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 432.17 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 418.17 Td (GMC) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.15 418.17 Td 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ET q 0 0 0 rg BT 376.15 376.17 Td (1,494) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 376.17 Td (1.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 376.17 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 362.17 Td (Renault) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.15 362.17 Td (45,338) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.15 362.17 Td (2,346) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 362.17 Td (1.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 362.17 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 348.17 Td (Peugeot) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.15 348.17 Td (33,167) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.15 348.17 Td (1,453) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 348.17 Td (0.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 348.17 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 334.17 Td (Cadillac) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.15 334.17 Td (31,646) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.65 334.17 Td (625) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 334.17 Td (0.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 334.17 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 320.17 Td (Volvo) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.15 320.17 Td (24,690) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.65 320.17 Td (655) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 320.17 Td (0.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 320.17 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 306.17 Td (Subaru) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.15 306.17 Td (24,334) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.65 306.17 Td (965) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 306.17 Td (0.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 306.17 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 292.17 Td (Buick) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.15 292.17 Td (23,893) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.65 292.17 Td (666) Tj ET Q BT 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291.15 250.17 Td (17,603) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.65 250.17 Td (827) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 250.17 Td (0.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.25 250.17 Td (N/A) Tj ET Q q 0 0 0 rg BT 548.92 250.17 Td ( ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 551.42 254.70 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 236.17 Td (Lincoln) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.15 236.17 Td (7,860) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.65 236.17 Td (174) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 236.17 Td (0.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 236.17 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 222.17 Td (Porsche) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.15 222.17 Td (5,795) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.65 222.17 Td (68) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 222.17 Td (0.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 222.17 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 208.17 Td (Sprinter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.15 208.17 Td (5,198) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.65 208.17 Td (122) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 208.17 Td (0.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 208.17 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 194.17 Td (smart) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.15 194.17 Td (3,427) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.65 194.17 Td (237) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 194.17 Td (0.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 194.17 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 180.17 Td (Jaguar) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.15 180.17 Td (2,558) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.65 180.17 Td (21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 180.17 Td (0.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 180.17 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 166.17 Td (Fiat) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.15 166.17 Td (2,225) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.65 166.17 Td (112) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 166.17 Td (0.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 166.17 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 152.17 Td (Mazda) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.65 152.17 Td (671) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.65 152.17 Td (27) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 152.17 Td (0.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 152.17 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 138.17 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.00 138.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.65 138.17 Td (5,224,921) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.15 138.17 Td (155,866) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.50 138.17 Td (100.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 138.17 Td (188) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 564.00 134.10 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.20 118.50 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.20 118.50 Td (Franchise was disposed during the year ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.27 118.50 Td (December31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.14 118.50 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.20 102.90 Td (\(2\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.20 102.90 Td (The Scion brand is not considered a separate franchise, but rather is governed by our ) Tj ET Q q 0 0 0 rg BT 342.85 102.90 Td (T) Tj ET Q q 0 0 0 rg BT 347.18 102.90 Td (oyota franchise agreements. ) Tj ET Q q 0 0 0 rg BT 438.55 102.90 Td (W) Tj ET Q q 0 0 0 rg BT 445.46 102.90 Td (e sell the Scion brand at our ) Tj ET Q q 0 0 0 rg BT 536.63 102.90 Td (T) Tj ET Q q 0 0 0 rg BT 540.95 102.90 Td (oyota ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.20 93.30 Td (franchised locations.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 19 0 obj <>] /Rotate 0 /Contents 20 0 R>> endobj 20 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 742.10 Td (Our diversity by manufacturer) Tj ET Q q 0 0 0 rg BT 193.45 742.10 Td (, based on new vehicle unit sales for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.60 742.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.18 742.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.18 742.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.18 742.10 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.12 742.10 Td (201) Tj ET Q q 0 0 0 rg BT 545.75 742.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.75 742.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (is set forth below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 681.60 149.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.50 681.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 681.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 681.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 681.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 681.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 681.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 681.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 681.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 681.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 681.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 681.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 681.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 653.60 149.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.50 653.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 653.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 653.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 653.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 653.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 653.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 653.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 653.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 653.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 653.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 653.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 653.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 625.60 149.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.50 625.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 625.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 625.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 625.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 625.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 625.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 625.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 625.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 625.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 625.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 625.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 625.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 597.60 149.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.50 597.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 597.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 597.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 597.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 597.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 597.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 597.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 597.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 597.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 597.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 597.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 597.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 569.60 149.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.50 569.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 569.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 569.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 569.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 569.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 569.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 569.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 569.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 569.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 569.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 569.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 569.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 541.60 149.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.50 541.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 541.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 541.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 541.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 541.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 541.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 541.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 541.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 541.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 541.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 541.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 541.60 57.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 701.6 m 260.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 701.6 m 264.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 701.6 m 320.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 701.6 m 324.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 701.6 m 380.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 701.6 m 384.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 701.6 m 441.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 701.6 m 445.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 701.6 m 501.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 701.6 m 505.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 701.6 m 562.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 681.6 m 260.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 681.6 m 320.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 681.6 m 380.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 681.6 m 441.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 701.6 m 501.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 681.6 m 501.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 681.6 m 562.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 681.6 m 320.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 681.6 m 441.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 681.6 m 562.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 527.6 m 260.5 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 527.6 m 320.5 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 527.6 m 380.5 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 527.6 m 441.5 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 527.6 m 501.5 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 527.6 m 562.5 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 513.6 m 260.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 513.6 m 320.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 513.6 m 380.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 513.6 m 441.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 527.6 m 501.5 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 513.6 m 501.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 513.6 m 562.5 513.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 705.55 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 324.85 705.68 Td (For the Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 685.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 223.50 685.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 283.65 693.68 Td (% of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 283.25 685.68 Td (T) Tj ET Q q 0 0 0 rg BT 287.85 685.68 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.00 685.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.15 693.68 Td (% of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 403.75 685.68 Td (T) Tj ET Q q 0 0 0 rg BT 408.35 685.68 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.20 685.83 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.15 693.68 Td (% of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.75 685.68 Td (T) Tj ET Q q 0 0 0 rg BT 529.35 685.68 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 672.17 Td (Toyota) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.15 672.17 Td (41,419) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.15 672.17 Td (26.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.65 672.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.15 672.17 Td (38,951) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.15 672.17 Td (30.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.65 672.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 672.17 Td (30,975) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 672.17 Td (30.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 672.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 658.17 Td (Honda) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.15 658.17 Td (19,219) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.15 658.17 Td (12.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.15 658.17 Td (14,302) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.15 658.17 Td (11.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 658.17 Td (10,870) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 658.17 Td (10.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 644.17 Td (Ford) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.15 644.17 Td (18,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.15 644.17 Td (11.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.15 644.17 Td (11,957) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.15 644.17 Td (9.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.15 644.17 Td (9,075) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 644.17 Td (8.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 630.17 Td (BMW) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.15 630.17 Td (17,277) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.15 630.17 Td (11.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.15 630.17 Td (14,529) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.15 630.17 Td (11.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 630.17 Td (13,357) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 630.17 Td (13.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 616.17 Td (Nissan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.15 616.17 Td (15,845) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.15 616.17 Td (10.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.15 616.17 Td (14,638) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.15 616.17 Td (11.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 616.17 Td (13,957) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 616.17 Td (13.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 602.17 Td (Volkswagen) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.15 602.17 Td (9,802) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.15 602.17 Td (6.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.15 602.17 Td (8,439) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.15 602.17 Td (6.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.15 602.17 Td (2,800) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 602.17 Td (2.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 588.17 Td (General Motors) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.15 588.17 Td (7,520) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.15 588.17 Td (4.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.15 588.17 Td (7,237) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.15 588.17 Td (5.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.15 588.17 Td (5,723) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 588.17 Td (5.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 574.17 Td (Hyundai) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.15 574.17 Td (7,234) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.15 574.17 Td (4.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.15 574.17 Td (3,950) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.15 574.17 Td (3.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.15 574.17 Td (2,213) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 574.17 Td (2.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 560.17 Td (Daimler) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.15 560.17 Td (7,011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.15 560.17 Td (4.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.15 560.17 Td (6,613) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.15 560.17 Td (5.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.15 560.17 Td (5,992) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 560.17 Td (5.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 546.17 Td (Chrysler) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.15 546.17 Td (6,173) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.15 546.17 Td (4.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.15 546.17 Td (5,624) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.15 546.17 Td (4.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.15 546.17 Td (4,642) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 546.17 Td (4.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 532.17 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.15 532.17 Td (6,285) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.15 532.17 Td (4.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.15 532.17 Td (2,310) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.15 532.17 Td (1.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.15 532.17 Td (2,418) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 532.17 Td (2.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 518.17 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.15 518.17 Td (155,866) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.15 518.17 Td (100.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.65 518.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.15 518.17 Td (128,550) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.15 518.17 Td (100.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.65 518.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.15 518.17 Td (102,022) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 518.17 Td (100.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 518.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 496.10 Td (Our new vehicle unit sales mix was af) Tj ET Q q 0 0 0 rg BT 226.28 496.10 Td (fected by our acquisitions and dispositions during ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.64 496.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.64 496.10 Td ( and 2012. ) Tj ET Q q 0 0 0 rg BT 491.52 496.10 Td (And, again, our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (201) Tj ET Q q 0 0 0 rg BT 64.63 484.10 Td (1 new vehicle unit sales mix was significantly impacted by the supply disruption resulting from the natural disaster in Japan ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (that severely limited production from ) Tj ET Q q 0 0 0 rg BT 201.72 472.10 Td (T) Tj ET Q q 0 0 0 rg BT 207.13 472.10 Td (oyota and Honda for much of the year) Tj ET Q q 0 0 0 rg BT 359.03 472.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 454.10 Td (Some new vehicles we sell are purchased by customers under lease or lease-type financing arrangements with third-party ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (lenders. New vehicle leases generally have shorter terms, bringing the customer back to the vehicle market, and our dealerships ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (specifically) Tj ET Q q 0 0 0 rg BT 95.44 430.10 Td (, sooner than if the vehicle purchase was debt financed. In addition, leasing provides our dealerships with a steady ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (supply of late-model, of) Tj ET Q q 0 0 0 rg BT 145.91 418.10 Td (f-lease vehicles to be sold as used vehicles. Generally) Tj ET Q q 0 0 0 rg BT 359.90 418.10 Td (, leased vehicles remain under factory warranty) Tj ET Q q 0 0 0 rg BT 548.89 418.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (allowing the dealerships to provide repair services for the contract term. However) Tj ET Q q 0 0 0 rg BT 376.70 406.10 Td (, the penetration of finance and insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (product sales on leases tends to be less than in other financing arrangements \(such as debt financed vehicles\). ) Tj ET Q q 0 0 0 rg BT 489.40 394.10 Td (W) Tj ET Q q 0 0 0 rg BT 498.04 394.10 Td (e typically do ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (not guarantee residual values on lease transactions. Lease vehicle unit sales represented 16.8%, 19.6% and 19.9% of our total ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (new vehicle retail unit sales for the years ended December 31, 2013, 2012 and 201) Tj ET Q q 0 0 0 rg BT 380.07 370.10 Td (1, respectively) Tj ET Q q 0 0 0 rg BT 437.73 370.10 Td (. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 352.10 Td (Used V) Tj ET Q q 0 0 0 rg BT 90.61 352.10 Td (ehicle Sales, Retail and ) Tj ET Q q 0 0 0 rg BT 189.04 352.10 Td (Wholesale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 334.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 334.10 Td (e sell used vehicles at each of our franchised dealerships. In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.21 334.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.21 334.10 Td (, we sold or leased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.86 334.10 Td (98,813) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.36 334.10 Td ( used vehicles at our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (dealerships, and sold ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.09 322.10 Td (50,736) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.59 322.10 Td ( used vehicles in wholesale markets. Our retail sales of used vehicles accounted for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.75 322.10 Td (12.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.58 322.10 Td ( of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (gross profit in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.61 310.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.61 310.10 Td (. Used vehicles sold at retail typically generate higher gross mar) Tj ET Q q 0 0 0 rg BT 384.73 310.10 Td (gins on a percentage basis than new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (vehicles because of our ability to sell these vehicles at favorable prices due to their limited comparability) Tj ET Q q 0 0 0 rg BT 469.20 298.10 Td (, which is dependent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (on a vehicle) Tj ET Q q 0 0 0 rg BT 101.09 286.10 Td (s age, mileage and condition, among other things. ) Tj ET Q q 0 0 0 rg BT 302.25 286.10 Td (V) Tj ET Q q 0 0 0 rg BT 308.36 286.10 Td (aluations also vary based on supply and demand factors, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (level of new vehicle incentives, and the availability of retail financing and general economic conditions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 256.10 Td (Profit from the sale of used vehicles depends primarily on a dealership) Tj ET Q q 0 0 0 rg BT 359.20 256.10 Td (s ability to obtain a high-quality supply of used ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (vehicles at reasonable prices and to ef) Tj ET Q q 0 0 0 rg BT 201.42 244.10 Td (fectively manage that inventory) Tj ET Q q 0 0 0 rg BT 327.66 244.10 Td (. Our new vehicle operations provide our used vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (operations with a lar) Tj ET Q q 0 0 0 rg BT 131.74 232.10 Td (ge supply of generally high-quality trade-ins and of) Tj ET Q q 0 0 0 rg BT 337.33 232.10 Td (f-lease vehicles, and are the best source of high-quality ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (used vehicles. Our dealerships supplement their used vehicle inventory with purchases at auctions, including manufacturer) Tj ET Q q 0 0 0 rg BT 540.21 220.10 Td (-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (sponsored auctions available only to franchised dealers. ) Tj ET Q q 0 0 0 rg BT 275.30 208.10 Td (W) Tj ET Q q 0 0 0 rg BT 283.94 208.10 Td (e continue to extensively utilize a common used vehicle management ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (software in all of our U.S. dealerships with the goal to enhance the management of used vehicle inventory) Tj ET Q q 0 0 0 rg BT 473.39 196.10 Td (, focusing on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (more profitable retail used vehicle business and reducing our wholesale used vehicle business. ) Tj ET Q q 0 0 0 rg BT 429.71 184.10 Td (This internet-based software tool ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (enables our managers to make used vehicle inventory decisions based on real time market valuation data, and is an integral part ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (of our used vehicle process. It also allows us to leverage our size and local market presence by expanding the pool from which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (used vehicles can be sold within a given market or region within the U.S., ef) Tj ET Q q 0 0 0 rg BT 355.58 148.10 Td (fectively broadening the demand for our used ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (vehicle inventory) Tj ET Q q 0 0 0 rg BT 119.05 136.10 Td (. In addition, this software supports increased oversight of our assets in inventory) Tj ET Q q 0 0 0 rg BT 443.33 136.10 Td (, allowing us to better control ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (our exposure to used vehicles, the values of which typically decline over time.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 106.10 Td (In addition to active management of the quality and age of our used vehicle inventory) Tj ET Q q 0 0 0 rg BT 416.02 106.10 Td (, we have attempted to increase the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (total lifecycle profitability of our used vehicle operations by participating in manufacturer certification programs where ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (available. Manufacturer certified pre-owned \(CPO\) vehicles typically cost more to recondition, but sell at a premium ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (compared to other used vehicles and are available only from franchised new vehicle dealerships. Service loyalty also tends to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (be better for CPO vehicles. In some cases, CPO vehicles are eligible for manufacturer support, such as subsidized finance rates ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 21 0 obj <>] /Rotate 0 /Contents 22 0 R>> endobj 22 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (and extension of the manufacturer warranty) Tj ET Q q 0 0 0 rg BT 224.00 742.10 Td (. Our CPO vehicle sales in the U.S. and U.K. represented 32.2% of total used retail ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (sales in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.22 730.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.22 730.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 712.10 Td (Parts and Service Sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 694.10 Td (e sell replacement parts and provide maintenance and repair services at each of our franchised dealerships and provide ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (collision repair services at the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.90 682.10 Td (37) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.90 682.10 Td ( collision centers that we operate. Our parts and service business accounted for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.57 682.10 Td (41.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.40 682.10 Td ( of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (gross profit in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.61 670.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.61 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 133.43 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 142.07 670.10 Td (e perform both warranty and non-warranty service work at our dealerships, primarily for the vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (brand\(s\) sold at a particular location. ) Tj ET Q q 0 0 0 rg BT 199.49 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 208.13 658.10 Td (arranty work, customer pay) Tj ET Q q 0 0 0 rg BT 317.44 658.10 Td (, collision and wholesale accounted for 18.7%, 48.4%, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (12.7% and 20.2%, respectively) Tj ET Q q 0 0 0 rg BT 173.76 646.10 Td (, of the revenues from our parts and service business in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.47 646.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.47 646.10 Td (. Our parts and service departments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (also perform used vehicle reconditioning and new vehicle preparation services for which they realize a profit when a vehicle is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (sold to a retail customer) Tj ET Q q 0 0 0 rg BT 145.53 622.10 Td (. However) Tj ET Q q 0 0 0 rg BT 186.78 622.10 Td (, the revenue for that internal work is eliminated from our parts and service revenue in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (consolidation of our financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 592.10 Td (The automotive repair industry is highly fragmented, with a significant number of independent maintenance and repair ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (facilities in addition to those of the franchised dealerships. ) Tj ET Q q 0 0 0 rg BT 285.86 580.10 Td (W) Tj ET Q q 0 0 0 rg BT 294.50 580.10 Td (e believe, however) Tj ET Q q 0 0 0 rg BT 369.34 580.10 Td (, that the increasing complexity of new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (vehicles, especially in the area of electronics, has made it dif) Tj ET Q q 0 0 0 rg BT 292.50 568.10 Td (ficult for many independent repair shops to retain the expertise ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (necessary to perform major or technical repairs. ) Tj ET Q q 0 0 0 rg BT 243.62 556.10 Td (W) Tj ET Q q 0 0 0 rg BT 252.26 556.10 Td (e have made investments in obtaining, training, and retaining qualified ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (technicians to work in our service and repair facilities and in state of the art diagnostic and repair equipment to be utilized by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (these technicians. ) Tj ET Q q 0 0 0 rg BT 122.48 532.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 172.38 532.10 Td (, manufacturers only permit warranty work to be performed at franchised dealerships and a trend ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (currently exists in the automobile industry towards longer new vehicle warranty periods. ) Tj ET Q q 0 0 0 rg BT 406.30 520.10 Td (As a result, we believe an increasing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (percentage of all repair work will be performed at franchised dealerships that have the sophisticated equipment and skilled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (personnel necessary to perform repairs and warranty work on today) Tj ET Q q 0 0 0 rg BT 322.96 496.10 Td (s complex vehicles.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 478.10 Td (Our strategy to capture an increasing share of the parts and service work performed by franchised dealerships and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (enhance profitability includes the following elements:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 448.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 95.00 448.10 Td (Focus on Customer Relationships; Emphasize Pr) Tj ET Q q 0 0 0 rg BT 291.56 448.10 Td (eventative Maintenance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.29 448.10 Td (Our dealerships seek to retain new and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 436.10 Td (used vehicle customers as customers of our parts and service departments. ) Tj ET Q q 0 0 0 rg BT 394.17 436.10 Td (T) Tj ET Q q 0 0 0 rg BT 399.58 436.10 Td (o accomplish this goal, we use ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 424.10 Td (computer systems that track customers) Tj ET Q q 0 0 0 rg BT 252.55 424.10 Td ( maintenance records and provide advance notice to owners of vehicles ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 412.10 Td (purchased or serviced at our dealerships when their vehicles are due for periodic service. Our use of computer) Tj ET Q q 0 0 0 rg BT 534.62 412.10 Td (-based ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 400.10 Td (customer relationship management tools increases the reach and ef) Tj ET Q q 0 0 0 rg BT 361.94 400.10 Td (fectiveness of our marketing ef) Tj ET Q q 0 0 0 rg BT 486.15 400.10 Td (forts, allowing us ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 388.10 Td (to tar) Tj ET Q q 0 0 0 rg BT 115.64 388.10 Td (get our promotional of) Tj ET Q q 0 0 0 rg BT 205.72 388.10 Td (ferings to areas in which service capacity is under) Tj ET Q q 0 0 0 rg BT 404.89 388.10 Td (-utilized or profit mar) Tj ET Q q 0 0 0 rg BT 491.62 388.10 Td (gins are greatest. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 376.10 Td (W) Tj ET Q q 0 0 0 rg BT 103.64 376.10 Td (e continue to train our service personnel to establish relationships with their service customers to promote a long-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 364.10 Td (term business relationship. ) Tj ET Q q 0 0 0 rg BT 203.88 364.10 Td (And, we are focused on enhancing access to our service facilities by providing customers ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 352.10 Td (with readily-accessible means to schedule service appointments. ) Tj ET Q q 0 0 0 rg BT 354.73 352.10 Td (W) Tj ET Q q 0 0 0 rg BT 363.37 352.10 Td (e believe our parts and service activities are an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 340.10 Td (integral part of the customer service experience, allowing us to create ongoing relationships with our dealerships) Tj ET Q q 0 0 0 rg BT 548.00 340.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 328.10 Td (customers thereby deepening customer loyalty to the dealership as a whole.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 310.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 95.00 310.10 Td (Sell V) Tj ET Q q 0 0 0 rg BT 117.50 310.10 Td (ehicle Service Contracts in Conjunction with V) Tj ET Q q 0 0 0 rg BT 304.69 310.10 Td (ehicle Sales.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.67 310.10 Td (Our finance and insurance sales departments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 298.10 Td (attempt to connect new and used vehicle customers with vehicle service contracts, and thereby secure repeat ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 286.10 Td (customer business for our parts and service departments.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 268.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 95.00 268.10 Td (Efficient Management of Parts Inventory) Tj ET Q q 0 0 0 rg BT 258.30 268.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.80 268.10 Td (Our dealerships) Tj ET Q q 0 0 0 rg BT 333.92 268.10 Td ( parts departments support their sales and service ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 256.10 Td (departments, selling factory-approved parts for the vehicle makes and models sold by a particular dealership. Parts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 244.10 Td (are either used in repairs made in the service department, sold at retail to customers, or sold at wholesale to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 232.10 Td (independent repair shops and other franchised dealerships. Our dealerships also frequently share parts with each ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 220.10 Td (other) Tj ET Q q 0 0 0 rg BT 115.00 220.10 Td (. Our dealerships employ parts managers who oversee parts inventories and sales. Software programs are used ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 208.10 Td (to monitor parts inventory) Tj ET Q q 0 0 0 rg BT 199.06 208.10 Td (, maximize sales, avoid obsolete and unused parts, and take advantage of manufacturer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 196.10 Td (return procedures.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 77.00 178.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 95.00 178.10 Td (Expansion of Collision Center Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.89 178.10 Td (. ) Tj ET Q q 0 0 0 rg BT 268.71 178.10 Td (W) Tj ET Q q 0 0 0 rg BT 277.34 178.10 Td (e plan to continue to grow our collision center operations. Expansion ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 166.10 Td (in this segment of the business is not restricted by franchise agreements or manufacturer relationships. ) Tj ET Q q 0 0 0 rg BT 506.37 166.10 Td (W) Tj ET Q q 0 0 0 rg BT 515.01 166.10 Td (e believe ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 154.10 Td (that our concentration of dealership operations in certain of the markets in which we operate significantly enhances ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 142.10 Td (the profit model.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 124.10 Td (Finance and Insurance Sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 106.10 Td (Revenues from our finance and insurance operations consist primarily of fees for arranging financing, and vehicle service ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (and insurance contracts in connection with the retail purchase of a new or used vehicle. Our finance and insurance business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (accounted for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.19 82.10 Td (24.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.02 82.10 Td ( of our gross profit in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.79 82.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.79 82.10 Td (. ) Tj ET Q q 0 0 0 rg BT 245.61 82.10 Td (W) Tj ET Q q 0 0 0 rg BT 254.25 82.10 Td (e of) Tj ET Q q 0 0 0 rg BT 269.34 82.10 Td (fer a wide variety of third-party finance, vehicle service and insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (products in a convenient manner and at competitive prices. ) Tj ET Q q 0 0 0 rg BT 288.07 70.10 Td (T) Tj ET Q q 0 0 0 rg BT 293.48 70.10 Td (o increase transparency to our customers, we of) Tj ET Q q 0 0 0 rg BT 483.78 70.10 Td (fer all of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (products on menus that display pricing and other information, allowing customers to choose the products that suit their needs.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 23 0 obj <>] /Rotate 0 /Contents 24 0 R>> endobj 24 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 742.10 Td (Financing.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.60 742.10 Td () Tj ET Q q 0 0 0 rg BT 124.92 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 133.56 742.10 Td (e arrange third-party purchase and lease financing for our customers. In return, we receive a fee from the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (third-party finance company upon completion of the financing. ) Tj ET Q q 0 0 0 rg BT 304.46 730.10 Td (These third-party finance companies include manufacturers) Tj ET Q q 0 0 0 rg BT 545.00 730.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (captive finance subsidiaries, selected commercial banks and a variety of other third-parties, including credit unions and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (regional auto finance companies. ) Tj ET Q q 0 0 0 rg BT 184.49 706.10 Td (The fees we receive are subject to char) Tj ET Q q 0 0 0 rg BT 339.49 706.10 Td (geback, or repayment, to the finance company) Tj ET Q q 0 0 0 rg BT 523.76 706.10 Td (, if a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (customer defaults or prepays the retail installment contract, typically during some limited time period at the beginning of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (contract term. ) Tj ET Q q 0 0 0 rg BT 107.85 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 116.48 682.10 Td (e have negotiated incentive programs with some finance companies pursuant to which we receive additional ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (fees upon reaching a certain volume of business. Generally) Tj ET Q q 0 0 0 rg BT 285.65 670.10 Td (, we do not retain substantial credit risk after a customer has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (received financing, though we do retain limited credit risk in some circumstances.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 640.10 Td (Extended W) Tj ET Q q 0 0 0 rg BT 121.11 640.10 Td (arranty) Tj ET Q q 0 0 0 rg BT 150.56 640.10 Td (, V) Tj ET Q q 0 0 0 rg BT 160.56 640.10 Td (ehicle Service and Insurance Pr) Tj ET Q q 0 0 0 rg BT 288.48 640.10 Td (oducts.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.09 640.10 Td () Tj ET Q q 0 0 0 rg BT 324.41 640.10 Td (W) Tj ET Q q 0 0 0 rg BT 333.04 640.10 Td (e of) Tj ET Q q 0 0 0 rg BT 348.13 640.10 Td (fer our customers a variety of vehicle warranty and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (extended protection products in connection with purchases of new and used vehicles, including:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 610.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 610.10 Td (extended warranties;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 592.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 592.10 Td (maintenance, or vehicle service, products and programs;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 574.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 574.10 Td (guaranteed asset protection insurance, which covers the shortfall between a customer) Tj ET Q q 0 0 0 rg BT 435.52 574.10 Td () Tj ET Q q 0 0 0 rg BT 438.30 574.10 Td (s contract balance and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 562.10 Td (insurance payof) Tj ET Q q 0 0 0 rg BT 158.40 562.10 Td (f in the event of a total vehicle loss;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 544.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 544.10 Td (lease wear and tear insurance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 526.10 Td (The products our dealerships currently of) Tj ET Q q 0 0 0 rg BT 239.04 526.10 Td (fer are generally underwritten and administered by independent third parties, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (including the vehicle manufacturers) Tj ET Q q 0 0 0 rg BT 196.14 514.10 Td ( captive finance subsidiaries. Under our arrangements with the providers of these products, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (we either sell these products on a straight commission basis, or we sell the product, recognize commission and participate in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (future underwriting profit, if any) Tj ET Q q 0 0 0 rg BT 180.15 490.10 Td (, pursuant to a retrospective commission arrangement. ) Tj ET Q q 0 0 0 rg BT 399.07 490.10 Td (These commissions may be subject to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 478.10 Td (geback, in full or in part, if the contract is terminated prior to its scheduled maturity) Tj ET Q q 0 0 0 rg BT 401.00 478.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (New and Used ) Tj ET Q q 0 0 0 rg BT 113.44 460.10 Td (V) Tj ET Q q 0 0 0 rg BT 119.74 460.10 Td (ehicle Inventory Financing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 442.10 Td (Our dealerships finance their inventory purchases through the floorplan portion of our revolving credit facility and three ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (separate floorplan credit facility arrangements with manufacturers that we represent, BMW) Tj ET Q q 0 0 0 rg BT 414.21 430.10 Td (, ) Tj ET Q q 0 0 0 rg BT 419.03 430.10 Td (V) Tj ET Q q 0 0 0 rg BT 424.96 430.10 Td (olkswagen, and Ford, in addition ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (to credit facilities we have with financial institutions in Brazil. Our revolving syndicated credit facility matures in June 2018 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (and provides a total borrowing capacity of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.89 406.10 Td ($1.7 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.00 406.10 Td (, \(the Revolving Credit Facility\). ) Tj ET Q q 0 0 0 rg BT 412.79 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 421.43 406.10 Td (e can expand the Revolving Credit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Facility to its maximum commitment of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.21 394.10 Td ($1.95 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.32 394.10 Td (, subject to participating lender approval. ) Tj ET Q q 0 0 0 rg BT 429.75 394.10 Td (The Revolving Credit Facility ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (consists of two tranches: a maximum of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.91 382.10 Td ($1.6 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.03 382.10 Td ( for vehicle inventory financing \(Floorplan Line\), as well as a maximum ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.83 370.10 Td ($320.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 119.72 370.10 Td ( and a minimum of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.32 370.10 Td ($100.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.21 370.10 Td ( for working capital and general corporate purposes, including acquisitions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (\(Acquisition Line\). ) Tj ET Q q 0 0 0 rg BT 137.85 358.10 Td (The capacity under these two tranches can be re-designated within the overall ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.05 358.10 Td ($1.7 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.16 358.10 Td ( commitment, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (subject to the aforementioned limits. However) Tj ET Q q 0 0 0 rg BT 235.10 346.10 Td (, the amount of available borrowing capacity under the ) Tj ET Q q 0 0 0 rg BT 456.14 346.10 Td (Acquisition Line may be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (limited from time to time based upon the available borrowing base calculation within the debt covenants under the Revolving ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (Credit Facility) Tj ET Q q 0 0 0 rg BT 107.40 322.10 Td (. ) Tj ET Q q 0 0 0 rg BT 112.22 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 120.85 322.10 Td (e utilize our Floorplan Line to finance up to 80% of the value of our used vehicle inventory in the U.S., and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (up to 100% of the value of all new vehicle inventory in the U.S., other than new vehicles purchased from Ford. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 292.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 292.10 Td (e have a floorplan arrangement with Ford Motor Credit Company \(FMCC Facility\) that provides ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.88 292.10 Td ($200.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.78 292.10 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (floorplan financing capacity) Tj ET Q q 0 0 0 rg BT 162.08 280.10 Td (. ) Tj ET Q q 0 0 0 rg BT 166.90 280.10 Td (W) Tj ET Q q 0 0 0 rg BT 175.54 280.10 Td (e use the funds available under this arrangement to exclusively finance our U.S. inventories of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (new Ford vehicles sold by the lender) Tj ET Q q 0 0 0 rg BT 197.56 268.10 Td () Tj ET Q q 0 0 0 rg BT 200.34 268.10 Td (s manufacturer af) Tj ET Q q 0 0 0 rg BT 270.12 268.10 Td (filiate. ) Tj ET Q q 0 0 0 rg BT 298.26 268.10 Td (The FMCC Facility is an ever) Tj ET Q q 0 0 0 rg BT 417.78 268.10 Td (green arrangement that may be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (canceled with 30days notice by either party) Tj ET Q q 0 0 0 rg BT 225.67 256.10 Td (. Should the FMCC Facility no longer be available to us for financing of our new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (U.S. Ford inventory) Tj ET Q q 0 0 0 rg BT 129.35 244.10 Td (, we could utilize the available capacity under our Floorplan Line to finance our new Ford vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (inventory) Tj ET Q q 0 0 0 rg BT 87.68 232.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 214.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 214.10 Td (e also finance certain rental vehicles through separate arrangements with the respective automobile manufacturers and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (utilize credit facilities with BMW) Tj ET Q q 0 0 0 rg BT 184.78 202.10 Td ( Financial Services, ) Tj ET Q q 0 0 0 rg BT 265.69 202.10 Td (V) Tj ET Q q 0 0 0 rg BT 271.62 202.10 Td (olkswagen Finance, and Ford Motor Credit Company \("FMCC"\) for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (financing of new) Tj ET Q q 0 0 0 rg BT 117.10 190.10 Td (, used, and rental inventories associated with our U.K. operations. Many manufacturers of) Tj ET Q q 0 0 0 rg BT 476.54 190.10 Td (fer interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (assistance to of) Tj ET Q q 0 0 0 rg BT 110.91 178.10 Td (fset a portion of floorplan interest char) Tj ET Q q 0 0 0 rg BT 265.12 178.10 Td (ges incurred in connection with holding new vehicle inventory purchases, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (which we recognize as a reduction of cost of new vehicle sales.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 148.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 148.10 Td (e have credit facilities with financial institutions in Brazil, most of which are af) Tj ET Q q 0 0 0 rg BT 399.58 148.10 Td (filiated with the manufacturers, for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (financing of new) Tj ET Q q 0 0 0 rg BT 117.10 136.10 Td (, used and rental vehicle inventories related to our Brazil operations. ) Tj ET Q q 0 0 0 rg BT 392.66 136.10 Td (These facilities may be canceled with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (notice by either party and bear interest at a benchmark rate, plus a surchar) Tj ET Q q 0 0 0 rg BT 345.24 124.10 Td (ge that varies based upon the type of vehicle being ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (financed. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (Acquisition and Divestitur) Tj ET Q q 0 0 0 rg BT 162.61 94.10 Td (e Pr) Tj ET Q q 0 0 0 rg BT 179.92 94.10 Td (ogram) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 76.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 76.10 Td (e pursue an acquisition and divestiture program focused on the following objectives:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 58.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 58.10 Td (enhancing brand and geographic diversity with a primary focus on import and luxury brands;) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 25 0 obj <>] /Rotate 0 /Contents 26 0 R>> endobj 26 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 742.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 742.10 Td (creating economies of scale;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 724.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 724.10 Td (delivering a tar) Tj ET Q q 0 0 0 rg BT 155.35 724.10 Td (geted return on investment;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 706.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 706.10 Td (eliminating underperforming dealerships.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 688.10 Td (Since our inception, we have grown our business primarily through acquisitions. Over the five-year period from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (January1, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.60 676.10 Td (2009) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.60 676.10 Td ( through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.71 676.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.29 676.10 Td (, we:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 658.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 658.10 Td (purchased 75 franchises with expected annual revenues, estimated at the time of acquisition, of $2.8billion;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 640.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 640.10 Td (disposed of or terminated 34 franchises with annual revenues of approximately $660.2million;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 622.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 622.10 Td (were granted eight new franchises by vehicle manufacturers with expected annual revenues, estimated at the time of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 610.10 Td (grant, of $1) Tj ET Q q 0 0 0 rg BT 141.01 610.10 Td (10.2 million.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 592.10 Td (Acquisition Strategy) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.38 592.10 Td (.) Tj ET Q q 0 0 0 rg BT 165.20 592.10 Td (W) Tj ET Q q 0 0 0 rg BT 173.83 592.10 Td (e seek to acquire lar) Tj ET Q q 0 0 0 rg BT 253.61 592.10 Td (ge, profitable, well-established dealerships and franchises that are leaders in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (their markets to:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 562.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 562.10 Td (expand into geographic areas we currently do not serve;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 544.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 544.10 Td (expand our brand, product, and service of) Tj ET Q q 0 0 0 rg BT 261.43 544.10 Td (ferings in our existing markets;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 526.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 526.10 Td (capitalize on economies of scale in our existing markets; and/or) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 508.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 508.10 Td (increase operating ef) Tj ET Q q 0 0 0 rg BT 178.11 508.10 Td (ficiency and cost savings in areas such as used vehicle sourcing, advertising, purchasing, data ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 496.10 Td (processing, personnel utilization, and the cost of floorplan financing.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 478.10 Td (e typically pursue dealerships with superior operational management, whom we seek to retain. By retaining existing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (personnel who have experience and in-depth knowledge of their local market, we believe that we can mitigate the risks ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (involved with employing and training new and untested personnel. In addition, our acquisition strategy tar) Tj ET Q q 0 0 0 rg BT 474.73 454.10 Td (gets the purchase of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (the related real estate to provide maximum operating flexibility) Tj ET Q q 0 0 0 rg BT 302.60 442.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 424.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 424.10 Td (e focus on the acquisition of dealerships or groups of dealerships that we believe of) Tj ET Q q 0 0 0 rg BT 415.69 424.10 Td (fer opportunities for higher returns, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (and particularly on brands which provide growth opportunities for our parts and service operations and strengthen our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (operations in geographic regions in which we currently operate with attractive long-term economic prospects.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 382.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 103.52 382.10 Td (Acquisitions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.46 382.10 Td (In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.79 382.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.79 382.10 Td (, we acquired 38 franchises with expected annualized revenues, estimated at the time of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (acquisition, of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.71 370.10 Td ($1.3 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.83 370.10 Td (. ) Tj ET Q q 0 0 0 rg BT 160.64 370.10 Td (The new franchises included: \(a\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.20 370.10 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.20 370.10 Td ( dealerships and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.12 370.10 Td (five) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.67 370.10 Td ( collision centers in Brazil; \(b\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.08 370.10 Td (four) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.74 370.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (dealerships in the U.K.; and \(c\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.74 358.10 Td (nine) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.96 358.10 Td ( dealerships in the U.S.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 340.10 Td (Divestitur) Tj ET Q q 0 0 0 rg BT 113.62 340.10 Td (e Strategy) Tj ET Q q 0 0 0 rg BT 153.34 340.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.84 340.10 Td () Tj ET Q q 0 0 0 rg BT 163.16 340.10 Td (W) Tj ET Q q 0 0 0 rg BT 171.79 340.10 Td (e continually review the investments in our dealership portfolio for disposition opportunities, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (based upon a number of criteria, including:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 310.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 310.10 Td (the rate of return on our capital investment over a period of time;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 292.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 292.10 Td (location of the dealership in relation to existing markets and our ability to leverage our cost structure;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 274.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 274.10 Td (potential future capital investment requirements;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 256.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 256.10 Td (the franchise;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 238.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 238.10 Td (existing real estate obligations, coupled with our ability to exit those obligations or identify an alternate use.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 220.10 Td (While it is our desire to only acquire profitable, well-established dealerships, at times we have been requested, in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (connection with the acquisition of a particular dealership group, to acquire dealerships that do not fit our acquisition strategy) Tj ET Q q 0 0 0 rg BT 547.82 208.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 196.10 Td (e acquire such dealerships with the understanding that we may need to divest some, or all of them at some future time. ) Tj ET Q q 0 0 0 rg BT 534.43 196.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (costs associated with such potential divestitures are included in our analysis of whether we acquire all dealerships in the same ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 98.33 172.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 148.23 172.10 Td (, we may acquire a dealership whose profitability is mar) Tj ET Q q 0 0 0 rg BT 372.42 172.10 Td (ginal, but which we believe can be increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (through various factors, such as: \(a\)change in management, \(b\)increase or improvement in facility operations, \(c\)relocation of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (facility based on demographic changes, \(d\)reduction in costs, or \(e\)sales training. If, after a period of time, a dealership) Tj ET Q q 0 0 0 rg BT 534.55 148.10 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (profitability does not positively respond, management will make the decision to sell the dealership to a third party) Tj ET Q q 0 0 0 rg BT 504.80 136.10 Td (, or) Tj ET Q q 0 0 0 rg BT 517.73 136.10 Td (, in a rare ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (case, surrender the franchise back to the manufacturer) Tj ET Q q 0 0 0 rg BT 265.45 124.10 Td (. Management constantly monitors the performance of all of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (dealerships, and routinely assesses the need for divestiture. In connection with divestitures, we are sometimes required to incur ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (additional char) Tj ET Q q 0 0 0 rg BT 109.52 100.10 Td (ges associated with lease terminations or the impairment of long-lived assets. ) Tj ET Q q 0 0 0 rg BT 420.92 100.10 Td (W) Tj ET Q q 0 0 0 rg BT 429.56 100.10 Td (e continue to rationalize our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (dealership portfolio and focus on increasing the overall profitability of our operations. In conjunction with the disposition of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (certain of our dealerships, we may also dispose of the associated real estate.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 58.10 Td (Recent Dispositions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.21 58.10 Td (During ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.04 58.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.04 58.10 Td (, we disposed of seven franchises with annual revenues of approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td ($318.9million.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 27 0 obj <>] /Rotate 0 /Contents 28 0 R>> endobj 28 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Competition) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 724.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 724.25 Td (e operate in a highly competitive industry) Tj ET Q q 0 0 0 rg BT 248.61 724.25 Td (. In each of our markets, consumers have a number of choices in deciding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (where to purchase a new or used vehicle and how the purchase will be financed. Consumers also have options for the purchase ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (of related parts and accessories, as well as the service and repair of vehicles. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 682.25 Td (In the U.S., according to ) Tj ET Q q 0 0 0 rg BT 174.35 682.25 Td (The National ) Tj ET Q q 0 0 0 rg BT 228.78 682.25 Td (Automobile Dealers ) Tj ET Q q 0 0 0 rg BT 311.54 682.25 Td (Association, there were approximately 17,635 franchised ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (automobile dealerships as of January1, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.23 670.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.23 670.25 Td (, which was up from 17,500 as of January1, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.92 670.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.92 670.25 Td ( and down 3,135 over the past ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (five years. In addition, there were approximately 37,026 independent used vehicle dealers in the retail automotive industry) Tj ET Q q 0 0 0 rg BT 539.47 658.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 640.25 Td (In the U.K., according to the National Franchised Dealers ) Tj ET Q q 0 0 0 rg BT 306.71 640.25 Td (Association, there were approximately 4,420 franchised ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (dealerships as of January 2012, which was down from 4,518 as of January 201) Tj ET Q q 0 0 0 rg BT 364.28 628.25 Td (1. In addition, according to ) Tj ET Q q 0 0 0 rg BT 474.54 628.25 Td (Automotive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (Management, there were 4,431 used vehicle dealers in 2012.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 598.25 Td (In Brazil, according to ) Tj ET Q q 0 0 0 rg BT 166.29 598.25 Td (The National ) Tj ET Q q 0 0 0 rg BT 220.71 598.25 Td (Association of ) Tj ET Q q 0 0 0 rg BT 280.71 598.25 Td (Automobile Manufacturers, there were approximately 3,994 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (franchised automobile dealerships as of January 1, 2012, which was up 613 from January 1, 2009, 504 from January 1, 2010 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (and 280 from January 1, 201) Tj ET Q q 0 0 0 rg BT 164.60 574.25 Td (1. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 556.25 Td (Our competitive success depends, in part, on national and regional automobile-buying trends, local and regional ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (economic factors, and other regional competitive pressures. Conditions and competitive pressures af) Tj ET Q q 0 0 0 rg BT 451.09 544.25 Td (fecting the markets in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (which we operate, or in any new markets we enter) Tj ET Q q 0 0 0 rg BT 250.63 532.25 Td (, could adversely af) Tj ET Q q 0 0 0 rg BT 328.75 532.25 Td (fect us, although the retail automobile industry as a whole ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (might not be af) Tj ET Q q 0 0 0 rg BT 110.64 520.25 Td (fected. Some of our competitors may have greater financial, marketing and personnel resources, and lower ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (overhead and sales costs than we do. ) Tj ET Q q 0 0 0 rg BT 199.22 508.25 Td (W) Tj ET Q q 0 0 0 rg BT 207.86 508.25 Td (e cannot guarantee that our operating performance and our acquisition or disposition ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (strategies will be more ef) Tj ET Q q 0 0 0 rg BT 150.89 496.25 Td (fective than the strategies of our competitors.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 478.25 Td (New and Used V) Tj ET Q q 0 0 0 rg BT 139.83 478.25 Td (ehicles.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.09 478.25 Td () Tj ET Q q 0 0 0 rg BT 177.41 478.25 Td (W) Tj ET Q q 0 0 0 rg BT 186.05 478.25 Td (e believe the principal competitive factors in the automotive retailing business are location, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (suitability of the facility) Tj ET Q q 0 0 0 rg BT 145.72 466.25 Td (, on-site management, the acceptance of a franchise to the market in which it is located, service, price, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (and selection. In the new vehicle market, our dealerships compete with other franchised dealerships in their market areas, as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (well as auto brokers, leasing companies, and internet companies that provide referrals to, or broker vehicle sales with, other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (dealerships or customers. ) Tj ET Q q 0 0 0 rg BT 153.68 430.25 Td (W) Tj ET Q q 0 0 0 rg BT 162.32 430.25 Td (e are subject to competition from dealers that sell the same brands of new vehicles that we sell and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (from dealers that sell other brands of new vehicles that we do not sell in a particular market. Our new vehicle dealer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (competitors also have franchise agreements with the various vehicle manufacturers and, as such, generally have access to new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (vehicles on the same terms as we do. ) Tj ET Q q 0 0 0 rg BT 200.05 394.25 Td (W) Tj ET Q q 0 0 0 rg BT 208.69 394.25 Td (e do not have any cost advantage in purchasing new vehicles from vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (manufacturers, and our franchise agreements do not grant us the exclusive right to sell a manufacturer) Tj ET Q q 0 0 0 rg BT 458.00 382.25 Td () Tj ET Q q 0 0 0 rg BT 460.78 382.25 Td (s product within a given ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (geographic area.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 352.25 Td (In the used vehicle market, our dealerships compete both in their local market and nationally) Tj ET Q q 0 0 0 rg BT 444.06 352.25 Td (, including over the internet, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (with other franchised dealers, lar) Tj ET Q q 0 0 0 rg BT 181.15 340.25 Td (ge multi-location used vehicle retailers, local independent used vehicle dealers, automobile ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (rental agencies, and private parties for the supply and resale of used vehicles.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 310.25 Td (Parts, Service and Collision.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.27 310.25 Td () Tj ET Q q 0 0 0 rg BT 196.59 310.25 Td (W) Tj ET Q q 0 0 0 rg BT 205.23 310.25 Td (e believe the principal competitive factors in the parts and service business are the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (quality of customer service, the use of factory-approved replacement parts, familiarity with a manufacturer) Tj ET Q q 0 0 0 rg BT 477.70 298.25 Td () Tj ET Q q 0 0 0 rg BT 480.47 298.25 Td (s brands and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (models, convenience, access to technology required for certain repairs and services \(e.g., software patches, diagnostic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (equipment, etc.\), location, price, the competence of technicians, and the availability of training programs to enhance such ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (expertise. In the parts and service market, our dealerships compete with other franchised dealers to perform warranty repairs ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (and sell factory replacement parts. Our dealerships also compete with other automobile dealers, franchised and independent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (service center chains, and independent repair shops for non-warranty repair and maintenance business. In addition, our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (dealerships sell replacement and aftermarket parts both locally and nationally over the internet in competition with franchised ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (and independent retail and wholesale parts outlets. ) Tj ET Q q 0 0 0 rg BT 253.83 214.25 Td (A) Tj ET Q q 0 0 0 rg BT 260.50 214.25 Td ( number of regional or national chains of) Tj ET Q q 0 0 0 rg BT 423.88 214.25 Td (fer selected parts and services at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (prices that may be lower than ours. Our collision centers compete with other lar) Tj ET Q q 0 0 0 rg BT 368.61 202.25 Td (ge, multi-location companies, as well as local, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (independent, collision service operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 172.25 Td (Finance and Insurance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.25 172.25 Td () Tj ET Q q 0 0 0 rg BT 176.57 172.25 Td (W) Tj ET Q q 0 0 0 rg BT 185.21 172.25 Td (e face competition in arranging financing for our customers) Tj ET Q q 0 0 0 rg BT 426.05 172.25 Td ( vehicle purchases from a broad ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (range of financial institutions. Many financial institutions now of) Tj ET Q q 0 0 0 rg BT 310.61 160.25 Td (fer finance and insurance products over the internet, which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (may reduce our profits from the sale of these products. ) Tj ET Q q 0 0 0 rg BT 271.14 148.25 Td (W) Tj ET Q q 0 0 0 rg BT 279.78 148.25 Td (e believe the principal competitive factors in the finance and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (insurance business are convenience, interest rates, product availability) Tj ET Q q 0 0 0 rg BT 330.08 136.25 Td (, product knowledge and flexibility in contract length. ) Tj ET Q q 0 0 0 rg BT 548.17 136.25 Td (W) Tj ET Q q 0 0 0 rg BT 556.81 136.25 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (may be char) Tj ET Q q 0 0 0 rg BT 98.68 124.25 Td (ged back for unearned financing, insurance contracts or vehicle service contract fees in the event of early ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (termination of the contracts by customers.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 94.25 Td (Acquisitions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.44 94.25 Td (W) Tj ET Q q 0 0 0 rg BT 142.08 94.25 Td (e compete with other national dealer groups and individual investors for acquisitions. Increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (competition, especially for certain luxury and import brands, may raise the cost of acquisitions. ) Tj ET Q q 0 0 0 rg BT 433.33 82.25 Td (W) Tj ET Q q 0 0 0 rg BT 441.96 82.25 Td (e cannot guarantee that there ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (will be suf) Tj ET Q q 0 0 0 rg BT 92.04 70.25 Td (ficient opportunities to complete desired acquisitions, nor are we able to guarantee that we will be able to complete ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (acquisitions on terms acceptable to us.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 29 0 obj <>] /Rotate 0 /Contents 30 0 R>> endobj 30 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Financing ) Tj ET Q q 0 0 0 rg BT 94.74 742.25 Td (Arrangements and Indebtedness) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 724.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.44 724.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.03 724.25 Td (, our total outstanding indebtedness and lease and other obligations were $2,878.6 million, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (including the following:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 694.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 694.25 Td ($1,068.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.39 694.25 Td ( under the Floorplan Line of our Revolving Credit Facility;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 676.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 676.25 Td ($60.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.89 676.25 Td ( under the ) Tj ET Q q 0 0 0 rg BT 190.83 676.25 Td (Acquisition Line of our Revolving Credit Facility;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 658.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 658.25 Td ($368.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.89 658.25 Td ( of future commitments under various operating leases;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 640.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 640.25 Td ($237.0 million of term loans, entered into independently with four of our manufacturer) Tj ET Q q 0 0 0 rg BT 442.49 640.25 Td (-af) Tj ET Q q 0 0 0 rg BT 453.40 640.25 Td (filiated finance partners, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 628.25 Td (T) Tj ET Q q 0 0 0 rg BT 100.41 628.25 Td (oyota Motor Credit Corporation \(TMCC\), Mercedes-Benz Financial Services USA) Tj ET Q q 0 0 0 rg BT 440.61 628.25 Td ( LLC \(MBFS\), BMW) Tj ET Q q 0 0 0 rg BT 536.54 628.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 616.25 Td (Financial Services NA, LLC \(BMWFS\), and FMCC, as well as other third-party financial institutions, primarily ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 604.25 Td (to finance the purchase of real estate;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 586.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 586.25 Td ($160.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.89 586.25 Td ( in carrying value of 2.25% convertible senior notes due 2036 \(2.25%Notes\);) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 568.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 568.25 Td ($84.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.89 568.25 Td ( in carrying value of 3.00%convertible senior notes due 2020 \(3.00%Notes\);) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 550.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 550.25 Td ($191.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.89 550.25 Td ( under our FMCC Facility;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 532.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 532.25 Td ($173.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.89 532.25 Td ( under floorplan notes payable to various manufacturer af) Tj ET Q q 0 0 0 rg BT 383.62 532.25 Td (filiates and third-party financial institutions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 520.25 Td (for foreign and rental vehicles; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 502.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 502.25 Td ($67.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.89 502.25 Td ( under our five-year real estate credit facility \(Real Estate Credit Facility\);) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 484.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 484.25 Td ($47.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.89 484.25 Td ( of capital lease obligations related to real estate, as well as $39.6 million of estimated interest;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 466.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 466.25 Td ($43.0 million of various other debt obligations;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 448.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 448.25 Td ($26.1 million of obligations from interest rate risk management activities, as well as $48.4 million of estimated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 436.25 Td (interest associated therewith;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 418.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 418.25 Td ($201.7million of estimated interest payments on floorplan notes payable and other long-term debt obligations;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 400.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 400.25 Td ($32.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.89 400.25 Td ( of letters of credit, to collateralize certain obligations, issued under the ) Tj ET Q q 0 0 0 rg BT 435.46 400.25 Td (Acquisition Line;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 382.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 382.25 Td ($28.9million of other short and long-term purchase commitments.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 364.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.44 364.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.03 364.25 Td (, we had the following amounts available for additional borrowings under our various credit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (facilities:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 334.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 334.25 Td ($31) Tj ET Q q 0 0 0 rg BT 109.63 334.25 Td (1.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.52 334.25 Td ( under the Floorplan Line of our Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 386.44 334.25 Td (, including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.71 334.25 Td ($56.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.61 334.25 Td ( of immediately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 322.25 Td (available funds;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 304.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 304.25 Td ($228.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.89 304.25 Td ( under the ) Tj ET Q q 0 0 0 rg BT 195.83 304.25 Td (Acquisition Line of our Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 394.04 304.25 Td (, which is limited based upon a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 292.25 Td (borrowing base calculation within certain debt covenants under the Revolving Credit Facility; and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 274.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 274.25 Td ($9.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.89 274.25 Td ( under our FMCC Facility) Tj ET Q q 0 0 0 rg BT 247.69 274.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 256.25 Td (In addition, the indentures relating to our other debt instruments allow us to incur additional indebtedness and enter into ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (additional operating leases, subject to certain conditions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (Stock Repur) Tj ET Q q 0 0 0 rg BT 103.43 226.25 Td (chase Pr) Tj ET Q q 0 0 0 rg BT 139.63 226.25 Td (ogram) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 208.25 Td (From time to time, our Board of Directors gives authorization to repurchase shares of our common stock, subject to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (restrictions of various debt agreements and our judgment. In July 2012, our Board of Directors authorized a repurchase ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (program of up to $50.0 million of our common stock, replacing any amount remaining from the ) Tj ET Q q 0 0 0 rg BT 434.92 184.25 Td (August 201) Tj ET Q q 0 0 0 rg BT 480.94 184.25 Td (1 authorization. In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (October 2013, our Board of Directors increased the authorized repurchase amount to $75.0 million of our common shares. In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (the fourth quarter of the year ended December 31, 2013, we repurchased 55,655 shares at an average price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.70 160.25 Td ($63.82) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.20 160.25 Td ( per share, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (for a total cost of $3.6 million, leaving $71.4 million available for future repurchases. Future repurchases are subject to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (discretion of our Board of Directors after considering our results of operations, financial condition, cash flows, capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (requirements, existing debt covenants, outlook for our business, general business conditions and other factors. ) Tj ET Q q 0 0 0 rg BT 492.50 124.25 Td (W) Tj ET Q q 0 0 0 rg BT 501.14 124.25 Td (e are limited ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (under the terms of the Revolving Credit Facility and Real Estate Credit Facility in our ability to, among other things, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (repurchase shares of our outstanding common stock and make payments of cash dividends to our stockholders \("Restricted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (Payment Basket"\).) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 31 0 obj <>] /Rotate 0 /Contents 32 0 R>> endobj 32 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Dividends) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 724.25 Td (During ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.83 724.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.83 724.25 Td (, our Board of Directors approved four quarterly cash dividends totaling ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.30 724.25 Td ($0.65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.80 724.25 Td ( per share or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 724.25 Td ($15.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.89 724.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (The payment of dividends in the future is subject to the discretion of our Board of Directors, after considering our results of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (operations, financial condition, cash flows, capital requirements, outlook for our business, general business conditions, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (political and legislative environments, and other factors. ) Tj ET Q q 0 0 0 rg BT 276.88 688.25 Td (As noted above, under the terms of the Restricted Payment Basket, we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (are also limited in our ability to make cash dividend payments to our stockholders. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 658.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.44 658.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.03 658.25 Td (, the Restricted Payment Basket under both facilities was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.53 658.25 Td ($164.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.42 658.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.86 658.25 Td (will increase in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (future periods by 50.0% of our future cumulative net income, plus the net proceeds received from the sale of our capital stock, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (and decrease by the amount of future payments for cash dividends and share repurchases) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.15 634.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (Relationships and ) Tj ET Q q 0 0 0 rg BT 128.36 616.25 Td (Agr) Tj ET Q q 0 0 0 rg BT 144.84 616.25 Td (eements with our) Tj ET Q q 0 0 0 rg BT 217.98 616.25 Td ( Manufactur) Tj ET Q q 0 0 0 rg BT 271.96 616.25 Td (ers) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 598.25 Td (Each of our U.S. dealerships operates under one or more franchise agreements with vehicle manufacturers \(or authorized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (distributors\). ) Tj ET Q q 0 0 0 rg BT 103.71 586.25 Td (The franchise agreements grant the franchised automobile dealership a non-exclusive right to sell the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (manufacturer) Tj ET Q q 0 0 0 rg BT 103.67 574.25 Td () Tj ET Q q 0 0 0 rg BT 106.45 574.25 Td (s or distributor) Tj ET Q q 0 0 0 rg BT 165.71 574.25 Td () Tj ET Q q 0 0 0 rg BT 168.49 574.25 Td (s brand of vehicles and of) Tj ET Q q 0 0 0 rg BT 271.33 574.25 Td (fer related parts and service within a specified market area. ) Tj ET Q q 0 0 0 rg BT 509.64 574.25 Td (These ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (franchise agreements grant our dealerships the right to use the manufacturer) Tj ET Q q 0 0 0 rg BT 354.14 562.25 Td () Tj ET Q q 0 0 0 rg BT 356.92 562.25 Td (s or distributor) Tj ET Q q 0 0 0 rg BT 416.18 562.25 Td () Tj ET Q q 0 0 0 rg BT 418.96 562.25 Td (s trademarks in connection with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (their operations, and impose numerous operational requirements and restrictions relating to, among other things:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 532.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 532.25 Td (inventory levels;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 514.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 514.25 Td (working capital levels;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 496.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 496.25 Td (the sales process;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 478.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 478.25 Td (minimum sales performance requirements;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 460.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 460.25 Td (customer satisfaction standards;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 442.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 442.25 Td (marketing and branding;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 424.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 424.25 Td (facility standards and signage;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 406.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 406.25 Td (personnel;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 388.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 388.25 Td (changes in management;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 370.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 370.25 Td (monthly financial reporting.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 352.25 Td (Our dealerships) Tj ET Q q 0 0 0 rg BT 139.63 352.25 Td ( franchise agreements are for various terms, ranging from one year to indefinite. Each of our franchise ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (agreements may be terminated or not renewed by the manufacturer for a variety of reasons, including unapproved changes of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (ownership or management and performance deficiencies in such areas as sales volume, sales ef) Tj ET Q q 0 0 0 rg BT 430.22 328.25 Td (fectiveness, and customer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (satisfaction. In most cases, manufacturers have renewed the franchises upon expiration so long as the dealership is in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (compliance with the terms of the agreement. From time to time, certain manufacturers may assert sales and customer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (satisfaction performance deficiencies under the terms of our framework and franchise agreements at a limited number of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (dealerships. ) Tj ET Q q 0 0 0 rg BT 99.80 280.25 Td (W) Tj ET Q q 0 0 0 rg BT 108.44 280.25 Td (e work with these manufacturers to address any performance issues. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 262.25 Td (In general, the U.S. jurisdictions in which we operate have automotive dealership franchise laws that provide that, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (notwithstanding the terms of any franchise agreement, it is unlawful for a manufacturer to terminate or not renew a franchise ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (unless good cause exists. It generally is dif) Tj ET Q q 0 0 0 rg BT 229.77 238.25 Td (ficult for a manufacturer to terminate, or not renew) Tj ET Q q 0 0 0 rg BT 433.20 238.25 Td (, a franchise under these laws, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (which were designed to protect dealers. ) Tj ET Q q 0 0 0 rg BT 210.59 226.25 Td (Though unsuccessful to date, manufacturers) Tj ET Q q 0 0 0 rg BT 389.51 226.25 Td ( lobbying ef) Tj ET Q q 0 0 0 rg BT 437.66 226.25 Td (forts may lead to the repeal or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (revision of dealer laws. If dealer laws are repealed in the U.S. states in which we operate, manufacturers may be able to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (terminate our franchises without providing advance notice, an opportunity to cure or showing of good cause. ) Tj ET Q q 0 0 0 rg BT 486.92 202.25 Td (W) Tj ET Q q 0 0 0 rg BT 495.96 202.25 Td (ithout the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (protection of dealer laws, it may also be more dif) Tj ET Q q 0 0 0 rg BT 246.42 190.25 Td (ficult for our dealers to renew their franchise agreements upon expiration. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (Further) Tj ET Q q 0 0 0 rg BT 79.04 178.25 Td (, U.S. federal law) Tj ET Q q 0 0 0 rg BT 148.36 178.25 Td (, including any federal bankruptcy law) Tj ET Q q 0 0 0 rg BT 302.10 178.25 Td (, may preempt U.S. state law and allow manufacturers greater ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (freedom to terminate or not renew franchises.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 148.25 Td (The U.K. generally does not have automotive dealership franchise laws and, as a result, our U.K. dealerships operate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (without these types of specific protections. However) Tj ET Q q 0 0 0 rg BT 259.82 136.25 Td (, similar protections may be available as a matter of general U.K. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (contractual law) Tj ET Q q 0 0 0 rg BT 110.71 124.25 Td (. In addition, our U.K. dealerships are subject to European Union \(EU\) and U.K. antitrust rules prohibiting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (certain restrictions on the sale of new vehicles and spare parts and on the provision of repairs and maintenance across the EU. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (For example, authorized dealers are generally able to, subject to manufacturer facility requirements, relocate or add additional ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (facilities throughout the EU, of) Tj ET Q q 0 0 0 rg BT 174.51 88.25 Td (fer multiple brands in the same facility) Tj ET Q q 0 0 0 rg BT 328.81 88.25 Td (, allow the operation of service facilities independent of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (new car sales facilities and ease restrictions on cross supplies \(including on transfers of dealerships\) between existing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 64.25 Td (authorized dealers within the EU. However) Tj ET Q q 0 0 0 rg BT 222.87 64.25 Td (, certain restrictions on dealerships may be permissible provided the conditions set ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 52.25 Td (out in the relevant EU Block Exemption Regulations are met. ) Tj ET Q q 0 0 0 rg BT 298.37 52.25 Td (These conditions for exemption changed on June 1, 2013, in ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 33 0 obj <>] /Rotate 0 /Contents 34 0 R>> endobj 34 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (respect of the sale of new vehicles. ) Tj ET Q q 0 0 0 rg BT 191.98 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 200.62 742.10 Td (e do not currently believe that these legislative changes will have a material ef) Tj ET Q q 0 0 0 rg BT 513.37 742.10 Td (fect on us ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (in the U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 712.10 Td (The sale of vehicles in Brazil is regulated by federal law) Tj ET Q q 0 0 0 rg BT 298.81 712.10 Td (, commonly referred to in Brazil as the Ferrari Law) Tj ET Q q 0 0 0 rg BT 503.09 712.10 Td (. Such law ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (sets forth the terms and conditions of distribution agreements executed among manufacturers and dealerships, specifically with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (regard to the distribution of cars, trucks, buses, tractors, motorbikes and similar vehicles. In addition, the Ferrari Law ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (establishes the geographical area of a dealership, termination of distribution agreements and their consequences, among other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (things. ) Tj ET Q q 0 0 0 rg BT 78.90 664.10 Td (Any contractual provision that conflicts with the Ferrari Law is considered void in Brazil. ) Tj ET Q q 0 0 0 rg BT 440.01 664.10 Td (The distribution agreements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (contemplate the commercialization of vehicles and components fabricated by the manufacturer) Tj ET Q q 0 0 0 rg BT 429.44 652.10 Td (, the rendering of technical ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (assistance relating to such products and the usage by the dealerships of the manufacturers' brand. ) Tj ET Q q 0 0 0 rg BT 439.46 640.10 Td (According to the Ferrari Law) Tj ET Q q 0 0 0 rg BT 555.99 640.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (distribution agreements may be executed for either a determined or an undetermined term. In the case of a distribution ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (agreement executed for a determined term, its initial term may not be less than 5 years. ) Tj ET Q q 0 0 0 rg BT 399.88 616.10 Td (At the end of this initial 5 years term, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (such distribution agreement will be automatically converted into a undetermined term distribution agreement, unless any of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (parties thereto expressly waives such right with a 180 days prior notice. In the case of an early termination of a distribution ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (agreement other than as a result of a persistent breach or force majeure, the Ferrari law entitles the non-breaching party to, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (among other things, certain termination payments.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 550.10 Td (The economic recession, that began in 2008, caused domestic manufacturers to critically evaluate their respective dealer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (networks and terminate certain brands, and, as a result, the respective franchises. For example, General Motors chose to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (discontinue the Pontiac brand and, as a result, both of our Pontiac franchises were terminated. In addition, Ford chose to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (discontinue the Mercury brand and, as a result, all four of our Mercury franchises were terminated. Subject to similar future ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (economic factors and material changes to the regulations discussed above, we generally expect our franchise agreements to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (survive for the foreseeable future and, when the agreements do not have indefinite terms, anticipate routine renewals of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (agreements without substantial cost or modification.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 460.10 Td (Our dealership service departments perform vehicle repairs and service for customers under manufacturer warranties. ) Tj ET Q q 0 0 0 rg BT 546.11 460.10 Td (W) Tj ET Q q 0 0 0 rg BT 554.75 460.10 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (are reimbursed for the repairs and service directly from the manufacturer) Tj ET Q q 0 0 0 rg BT 340.98 448.10 Td (. Some manufacturers of) Tj ET Q q 0 0 0 rg BT 439.10 448.10 Td (fer rebates to new vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (customers that we are required, under specific program rules, to adequately document, support, and typically are responsible for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (collecting. In addition, from time to time, some manufacturers provide us with incentives to sell certain models and levels of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (inventory over designated periods of time. Under the terms of our dealership franchise agreements, the respective ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (manufacturers are able to perform warranty) Tj ET Q q 0 0 0 rg BT 223.43 400.10 Td (, incentive, and rebate audits and char) Tj ET Q q 0 0 0 rg BT 374.29 400.10 Td (ge us back for unsupported or non-qualifying ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (warranty repairs, rebates or incentives.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 370.10 Td (In addition to the individual dealership franchise agreements discussed above, we have entered into framework ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (agreements in the U.S. with most major vehicle manufacturers and distributors. ) Tj ET Q q 0 0 0 rg BT 369.74 358.10 Td (These agreements impose a number of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (restrictions on our operations, including our ability to make acquisitions and obtain financing, and our management. ) Tj ET Q q 0 0 0 rg BT 516.66 346.10 Td (These ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (agreements also impose change of control provisions related to the ownership of our common stock. For a discussion of these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (restrictions and the risks related to our relationships with vehicle manufacturers, please read Part I, Item 1A. Risk Factors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 304.10 Td (The following table sets forth the percentage of our new vehicle retail unit sales attributable to the manufacturers that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (accounted for approximately 10% or more of our new vehicle retail unit sales:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 306.00 275.30 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 214.80 414.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 214.80 98.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 186.80 414.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 186.80 98.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 158.80 414.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 158.80 98.00 -14.00 re f /GS0 gs BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 52 217.8463378906249 m 106.2392578125 217.8463378906249 l s q 0 0 0 rg BT 52.00 219.25 Td (Manufacturer) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.30 255.25 Td (Per) Tj ET Q q 0 0 0 rg BT 489.62 255.25 Td (centageofNew) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.50 246.25 Td (V) Tj ET Q q 0 0 0 rg BT 491.17 246.25 Td (ehicle Retail) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.95 237.25 Td (Units Sold during) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.45 228.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.36 228.25 Td (Y) Tj ET Q q 0 0 0 rg BT 501.87 228.25 Td (ear) Tj ET Q q 0 0 0 rg BT 514.19 228.25 Td ( Ended) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 475.7 217.8463378906249 m 548.2625 217.8463378906249 l s q 0 0 0 rg BT 475.70 219.25 Td (December) Tj ET Q q 0 0 0 rg BT 514.51 219.25 Td (31,2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 206.06 Td (Toyota) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.35 205.26 Td (26.6%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 191.26 Td (Honda) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.35 191.26 Td (12.3%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 178.06 Td (Ford) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.35 177.26 Td (11.6%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 164.06 Td (BMW) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.35 163.26 Td (11.1%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 150.06 Td (Nissan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.35 149.26 Td (10.2%) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 127.30 Td (Governmental Regulations) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 109.30 Td (Automotive and Other Laws and Regulations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 91.30 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 91.30 Td (e operate in a highly regulated industry) Tj ET Q q 0 0 0 rg BT 238.60 91.30 Td (. ) Tj ET Q q 0 0 0 rg BT 243.05 91.30 Td (A) Tj ET Q q 0 0 0 rg BT 249.72 91.30 Td ( number of U.S. state and federal laws and regulations af) Tj ET Q q 0 0 0 rg BT 476.69 91.30 Td (fect our business and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 79.30 Td (the business of our manufacturers. In every U.S. state in which we operate, we must obtain various licenses in order to operate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 67.30 Td (our businesses, including dealer) Tj ET Q q 0 0 0 rg BT 177.35 67.30 Td (, sales and finance, and insurance licenses issued by state regulatory authorities. Numerous laws ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 55.30 Td (and regulations govern our conduct of business, including those relating to our sales, operations, financing, insurance, ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 35 0 obj <>] /Rotate 0 /Contents 36 0 R>> endobj 36 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (advertising and employment practices. ) Tj ET Q q 0 0 0 rg BT 206.71 742.10 Td (These laws and regulations include franchise laws and regulations, consumer protection ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (laws, and other extensive laws and regulations applicable to new and used motor vehicle dealers, as well as a variety of other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (laws and regulations. ) Tj ET Q q 0 0 0 rg BT 137.02 718.10 Td (These laws also include U.S. federal and U.S. state wage-hour) Tj ET Q q 0 0 0 rg BT 385.71 718.10 Td (, anti-discrimination and other employment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (practices laws.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 688.10 Td (Our financing activities with customers are subject to U.S. federal truth-in-lending, consumer leasing, and equal credit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (opportunity laws and regulations, as well as state and local motor vehicle finance laws, installment finance laws, usury laws, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (and other installment sales laws and regulations. Some U.S. states regulate finance fees and char) Tj ET Q q 0 0 0 rg BT 435.53 664.10 Td (ges that may be paid as a result ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (of vehicle sales. Claims arising out of actual or alleged violations of law may be asserted against us, or our dealerships, by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (individuals or governmental entities and may expose us to significant damages or other penalties, including revocation or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (suspension of our licenses to conduct dealership operations and fines.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 610.10 Td (Our U.S. operations are subject to the National ) Tj ET Q q 0 0 0 rg BT 263.77 610.10 Td (T) Tj ET Q q 0 0 0 rg BT 269.53 610.10 Td (raf) Tj ET Q q 0 0 0 rg BT 280.45 610.10 Td (fic and Motor ) Tj ET Q q 0 0 0 rg BT 337.75 610.10 Td (V) Tj ET Q q 0 0 0 rg BT 343.86 610.10 Td (ehicle Safety ) Tj ET Q q 0 0 0 rg BT 397.73 610.10 Td (Act, Federal Motor ) Tj ET Q q 0 0 0 rg BT 476.97 610.10 Td (V) Tj ET Q q 0 0 0 rg BT 483.09 610.10 Td (ehicle Safety ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Standards promulgated by the United States Department of ) Tj ET Q q 0 0 0 rg BT 288.65 598.10 Td (T) Tj ET Q q 0 0 0 rg BT 294.41 598.10 Td (ransportation and the rules and regulations of various state motor ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (vehicle regulatory agencies. ) Tj ET Q q 0 0 0 rg BT 164.21 586.10 Td (The imported automobiles we purchase in the U.S. are subject to United States customs duties, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (in the ordinary course of our business we may) Tj ET Q q 0 0 0 rg BT 233.75 574.10 Td (, from time to time, be subject to claims for duties, penalties, liquidated damages ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (or other char) Tj ET Q q 0 0 0 rg BT 100.90 562.10 Td (ges.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 544.10 Td (Our U.S. operations are subject to consumer protection laws known as Lemon Laws. ) Tj ET Q q 0 0 0 rg BT 415.41 544.10 Td (These laws typically require a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (manufacturer or dealer to replace a new vehicle or accept it for a full refund within one year after initial purchase if the vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (does not conform to the manufacturer) Tj ET Q q 0 0 0 rg BT 201.15 520.10 Td () Tj ET Q q 0 0 0 rg BT 203.93 520.10 Td (s express warranties and the dealer or manufacturer) Tj ET Q q 0 0 0 rg BT 409.27 520.10 Td (, after a reasonable number of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (attempts, is unable to correct or repair the defect. U.S. federal laws require various written disclosures to be provided on new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (vehicles, including mileage and pricing information. ) Tj ET Q q 0 0 0 rg BT 261.98 496.10 Td (W) Tj ET Q q 0 0 0 rg BT 270.62 496.10 Td (e are aware that several U.S. states are considering enacting consumer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (bill-of-rights statutes to provide further protection to the consumer which could af) Tj ET Q q 0 0 0 rg BT 386.67 484.10 Td (fect our profitability in such states.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 466.10 Td (In July 2010, the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 194.92 466.10 Td (W) Tj ET Q q 0 0 0 rg BT 203.56 466.10 Td (all Street Reform and Consumer Protection ) Tj ET Q q 0 0 0 rg BT 378.52 466.10 Td (Act was signed into law and established the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Consumer Financial Protection Bureau \(the CFPB\) with broad regulatory powers. ) Tj ET Q q 0 0 0 rg BT 387.99 454.10 Td (Although automotive dealers are generally ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (excluded from the CFPB) Tj ET Q q 0 0 0 rg BT 152.49 442.10 Td (s regulatory authority) Tj ET Q q 0 0 0 rg BT 237.93 442.10 Td (, we are required to comply with regulations applicable to privacy notices, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (the CFPB has announced its intention to regulate automotive financing activities through its regulation of automotive finance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (companies and other financial institutions that service the automotive industry) Tj ET Q q 0 0 0 rg BT 362.33 418.10 Td (. ) Tj ET Q q 0 0 0 rg BT 367.15 418.10 Td (The CFPB has issued regulatory guidance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (instructing financial institutions to monitor dealer loans for potential discrimination resulting from the system used to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (compensate dealers for assisting in the customer financing transaction. ) Tj ET Q q 0 0 0 rg BT 334.73 394.10 Td (The CFPB has instructed lenders that, if discrimination ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (is found, the lender would be required to change dealer compensation practices. In addition, the CFPB has announced its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (intention to regulate the sale of other finance and insurance products. If the result of either of these initiatives is to substantially ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (restrict our ability to generate revenue from arranging financing for our customers for the purchase of vehicles and associated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (products and services, it could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 278.06 346.10 Td (fect on our business and results of operations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 328.10 Td (Environmental and Occupational Health and Safety Laws and Regulations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 310.10 Td (Our operations involve the use, handling, storage and contracting for recycling and/or disposal of materials such as motor ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (oil and filters, transmission fluids, antifreeze, refrigerants, paints, thinners, batteries, cleaning products, lubricants, degreasing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (agents, tires, and fuel. Consequently) Tj ET Q q 0 0 0 rg BT 194.59 286.10 Td (, our business is subject to a complex variety of stringent laws and regulations governing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (management and disposal of materials and wastes, protection of the environment and occupational health and safety) Tj ET Q q 0 0 0 rg BT 513.64 274.10 Td (. ) Tj ET Q q 0 0 0 rg BT 518.46 274.10 Td (These ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (laws and regulations af) Tj ET Q q 0 0 0 rg BT 142.29 262.10 Td (fect many aspects of our operations, such as requiring the acquisition of permits or other governmental ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (approvals to conduct regulated activities, restricting the manner in which we handle, recycle and dispose of our wastes, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (incurring capital expenditures to construct, maintain and upgrade pollution control and containment equipment and facilities, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (impose specific health and safety criteria addressing worker protection, and impose substantial liabilities for pollution caused ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (by our operations or attributable to former operations. Failure to comply with these laws and regulations may result in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (assessment of administrative, civil and criminal penalties, imposition of remedial obligations, and issuance of injunctions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (delaying, restricting or prohibiting some or all of our operations. ) Tj ET Q q 0 0 0 rg BT 310.32 190.10 Td (W) Tj ET Q q 0 0 0 rg BT 318.96 190.10 Td (e may not be able to recover some or any of these costs from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (insurance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 160.10 Td (Most of our dealerships utilize above ground storage tanks and, to a lesser extent, under) Tj ET Q q 0 0 0 rg BT 424.83 160.10 Td (ground storage tanks primarily ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (for storing and dispensing petroleum-based products. Storage tanks in the U.S. are subject to testing, containment, upgrading ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (and removal requirements under the Resource Conservation and Recovery ) Tj ET Q q 0 0 0 rg BT 349.62 136.10 Td (Act, or RCRA, and its state law counterparts. RCRA) Tj ET Q q 0 0 0 rg BT 559.88 136.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (imposes requirements relating to the handling and disposal of hazardous and non-hazardous wastes and requires us to comply ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (with stringent and costly requirements in connection with our storage and recycling or disposal of the various used fluids, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (paints, batteries, tires, and fuels generated by our operations. Clean-up or other remedial action may be necessary in the event ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (of leaks or other unauthorized dischar) Tj ET Q q 0 0 0 rg BT 201.15 88.10 Td (ges from storage tanks or other equipment operated by us. In addition, water quality ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (protection programs under the federal ) Tj ET Q q 0 0 0 rg BT 203.37 76.10 Td (W) Tj ET Q q 0 0 0 rg BT 212.01 76.10 Td (ater Pollution Control ) Tj ET Q q 0 0 0 rg BT 301.17 76.10 Td (Act \(commonly known as the Clean ) Tj ET Q q 0 0 0 rg BT 447.63 76.10 Td (W) Tj ET Q q 0 0 0 rg BT 456.26 76.10 Td (ater ) Tj ET Q q 0 0 0 rg BT 473.20 76.10 Td (Act\) and comparable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (U.S. state and local programs govern certain wastewater and stormwater dischar) Tj ET Q q 0 0 0 rg BT 370.82 64.10 Td (ges from our operations, which dischar) Tj ET Q q 0 0 0 rg BT 526.70 64.10 Td (ges may ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (require permitting. Similarly) Tj ET Q q 0 0 0 rg BT 164.05 52.10 Td (, certain sources of air emissions from our operations may be subject to permitting, pursuant to the ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 37 0 obj <>] /Rotate 0 /Contents 38 0 R>> endobj 38 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (federal Clean ) Tj ET Q q 0 0 0 rg BT 105.53 742.10 Td (Air ) Tj ET Q q 0 0 0 rg BT 120.81 742.10 Td (Act and related state and local laws. Certain health and safety standards imposed under the Federal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Occupational Safety and Health ) Tj ET Q q 0 0 0 rg BT 179.40 730.10 Td (Act or otherwise promulgated by the Occupational Safety and Health administration of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (United States Department of Labor and related state agencies are also applicable to protection of the health and safety of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (employees.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 688.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 688.10 Td (e generally conduct environmental studies on dealerships to be acquired regardless of whether we are leasing or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (acquiring in fee the underlying real property) Tj ET Q q 0 0 0 rg BT 226.50 676.10 Td (, and as necessary) Tj ET Q q 0 0 0 rg BT 297.49 676.10 Td (, implement environmental management practices or remedial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (activities to reduce the risk of noncompliance with environmental laws and regulations. Nevertheless, we currently own or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (lease, and in connection with our acquisition program anticipate in the future owning or leasing, properties that in some ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (instances have been used for auto retailing and servicing for many years. Laws regarding the prevention of pollution or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (remediation of environmental contamination generally apply regardless of whether we lease or purchase the land and facilities. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (Although we or our predecessors may have utilized operating and disposal practices that were standard in the industry at the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (time, a risk exists that petroleum products or wastes such as new and used motor oil, transmission fluids, antifreeze, lubricants, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (solvents and motor fuels could have been spilled or released on or under the properties owned or leased by us or on or under ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (other locations where such materials were taken for recycling or disposal. Further) Tj ET Q q 0 0 0 rg BT 376.15 580.10 Td (, we believe that structures found on some of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (these properties may contain asbestos-containing materials, although in an undisturbed condition that does not require removal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (or other corrective action under applicable regulations. In addition, many of these properties have been operated by third parties ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (whose use, handling and disposal of such petroleum products or wastes were not under our control. ) Tj ET Q q 0 0 0 rg BT 449.17 544.10 Td (These properties and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (materials disposed or released on them may be subject to the U.S. federal Comprehensive Environmental Response, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (Compensation, and Liability ) Tj ET Q q 0 0 0 rg BT 166.10 520.10 Td (Act \(also known as the Superfund law\), RCRA) Tj ET Q q 0 0 0 rg BT 353.85 520.10 Td ( and analogous U.S. state laws, pursuant to which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (we could be required to remove or remediate previously disposed wastes or property contamination or to perform remedial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (activities to prevent future contamination.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 478.10 Td (The trend in environmental regulation is to place more restrictions and limitations on activities that may af) Tj ET Q q 0 0 0 rg BT 499.81 478.10 Td (fect the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (environment. Consequently) Tj ET Q q 0 0 0 rg BT 159.89 466.10 Td (, any changes in environmental laws and regulations or re-interpretations of enforcement policies ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (that result in more stringent and costly vehicular pollution control equipment or waste handling, storage, transport, disposal or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (remediation requirements could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 283.88 442.10 Td (fect on our business, results of operations and financial position. For ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (example, U.S. vehicle manufacturers are subject to U.S. federal mandated corporate average fuel economy standards, which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (will increase substantially from 2013 through model year 2017. Furthermore, in response to studies suggesting that emissions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (of carbon dioxide and certain other gases, referred to an greenhouse gases, may be contributing to warming of the Earth) Tj ET Q q 0 0 0 rg BT 540.65 406.10 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (atmosphere and other climatic changes, climate-change legislation and regulatory changes have been made or are being ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (considered at state and federal levels. ) Tj ET Q q 0 0 0 rg BT 201.69 382.10 Td (The adoption of any laws or regulations requiring significant increases in fuel economy ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (requirements or new federal or state restrictions on emissions of carbon dioxide on vehicles and automotive fuels in the United ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (States could adversely af) Tj ET Q q 0 0 0 rg BT 149.51 358.10 Td (fect prices of and demand for the vehicles we sell.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (Insurance and Bonding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 322.10 Td (Our operations expose us to the risk of various liabilities, including:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 304.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 304.10 Td (claims by employees, customers or other third parties for personal injury or property damage resulting from our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 292.10 Td (operations;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 274.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 274.10 Td (fines and civil and criminal penalties resulting from alleged violations of federal and state laws or regulatory ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 262.10 Td (requirements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 244.10 Td (The automotive retailing business is also subject to substantial risk of real and personal property loss as a result of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (significant concentration of real and personal property values at dealership locations. Under self-insurance programs, we retain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (various levels of aggregate loss limits, per claim deductibles and claims handling expenses, including property and casualty) Tj ET Q q 0 0 0 rg BT 543.66 220.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (automobile physical damage, and employee medical benefits. In certain cases, we insure costs in excess of our retained risk per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (claim under various contracts with third-party insurance carriers. ) Tj ET Q q 0 0 0 rg BT 311.29 196.10 Td (Actuarial estimates for the portion of claims not covered by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (insurance are based on historical claims experience, adjusted for current trends and changes in claims-handling procedures. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (Risk retention levels may change in the future as a result of changes in the insurance market or other factors af) Tj ET Q q 0 0 0 rg BT 491.88 172.10 Td (fecting the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (economics of our insurance programs. ) Tj ET Q q 0 0 0 rg BT 204.96 160.10 Td (Although we believe our insurance coverage is adequate, we cannot assure that we will ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (not be exposed to uninsured or underinsured losses that could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 403.04 148.10 Td (fect on our business, results of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (operations and financial condition.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 118.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 118.10 Td (e make provisions for retained losses and deductibles by reflecting char) Tj ET Q q 0 0 0 rg BT 368.47 118.10 Td (ges to expense based upon periodic evaluations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (of the estimated ultimate liabilities on reported and unreported claims. ) Tj ET Q q 0 0 0 rg BT 333.34 106.10 Td (The insurance companies that underwrite our insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (require that we secure certain of our obligations for self-insured exposures with collateral. Our collateral requirements are set ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (by the insurance companies and, to date, have been satisfied by posting surety bonds, letters of credit and/or cash deposits. Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (collateral requirements may change from time to time based on, among other things, our total insured exposure and the related ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (self-insured retention assumed under the policies.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 39 0 obj <>] /Rotate 0 /Contents 40 0 R>> endobj 40 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (17) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Employees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 724.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 724.25 Td (e believe our relationship with our employees is favorable. ) Tj ET Q q 0 0 0 rg BT 319.23 724.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.68 724.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.26 724.25 Td (, we employed 1) Tj ET Q q 0 0 0 rg BT 487.98 724.25 Td (1,510 \(full-time, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (part-time and temporary\) people, of whom:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 694.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 694.25 Td (1,574 were employed in managerial positions;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 676.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 676.25 Td (2,518 were employed in non-managerial vehicle sales department positions;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 658.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 658.25 Td (5,453 were employed in non-managerial parts and service department positions;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 640.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 640.25 Td (1,965 were employed in administrative support positions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 622.25 Td (In the U.S., ninetyof our employees in New Jersey are represented by a labor union. In Brazil, all employees are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (represented by a local union. Because of our dependence on vehicle manufacturers, we may be af) Tj ET Q q 0 0 0 rg BT 439.37 610.25 Td (fected by labor strikes, work ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (slowdowns and walkouts at vehicle manufacturing facilities and/or their suppliers. ) Tj ET Q q 0 0 0 rg BT 381.31 598.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 431.21 598.25 Td (, labor strikes, work slowdowns ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (and walkouts at businesses participating in the distribution of manufacturers) Tj ET Q q 0 0 0 rg BT 357.24 586.25 Td ( products may also af) Tj ET Q q 0 0 0 rg BT 442.59 586.25 Td (fect us.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 568.25 Td (For further discussion, please read Part I, Item 1A. Risk Factors.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (Seasonality) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 532.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 532.25 Td (e generally experience higher volumes of vehicle sales and service in the the second and third calendar quarters of each ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (year in the U.S., in the first and third quarters in the U.K. and during the third and fourth quarters in Brazil. ) Tj ET Q q 0 0 0 rg BT 480.83 520.25 Td (The first quarter is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (generally the weakest in Brazil, driven by heavy vacation and activities associated with Carnival. ) Tj ET Q q 0 0 0 rg BT 440.80 508.25 Td (This seasonality is generally ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (attributable to consumer buying trends and the timing of manufacturer new vehicle model introductions. In addition, in some ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (regions of the U.S., vehicle purchases decline during the winter months due to inclement weather) Tj ET Q q 0 0 0 rg BT 438.50 484.25 Td (. ) Tj ET Q q 0 0 0 rg BT 442.95 484.25 Td (As a result, our consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (revenues and operating income are typically lower in the first and fourth quarters and higher in the second and third quarters. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (Other factors unrelated to seasonality) Tj ET Q q 0 0 0 rg BT 198.74 460.25 Td (, such as changes in economic condition, inventory availability) Tj ET Q q 0 0 0 rg BT 449.69 460.25 Td (, and manufacturer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (incentive programs, may exaggerate seasonal or cause counter) Tj ET Q q 0 0 0 rg BT 299.14 448.25 Td (-seasonal fluctuations in our revenues and operating income.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 430.25 Td (For further discussion, please read Part I, Item 1A. Risk Factors.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (Internet ) Tj ET Q q 0 0 0 rg BT 87.31 412.25 Td (W) Tj ET Q q 0 0 0 rg BT 96.76 412.25 Td (ebsite and ) Tj ET Q q 0 0 0 rg BT 141.77 412.25 Td (A) Tj ET Q q 0 0 0 rg BT 148.25 412.25 Td (vailability of Public Filings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 394.25 Td (Our internet address is ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 166.75390625 392.9169921875 m 255.533203125 392.9169921875 l s q 0 0 0 rg BT 166.75 394.25 Td (www) Tj ET Q q 0 0 0 rg BT 187.77 394.25 Td (.group1auto.com) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.53 394.25 Td (. ) Tj ET Q q 0 0 0 rg BT 260.35 394.25 Td (W) Tj ET Q q 0 0 0 rg BT 268.99 394.25 Td (e make the following information available free of char) Tj ET Q q 0 0 0 rg BT 490.38 394.25 Td (ge on our internet ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (website:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 364.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 364.25 Td (Annual Report on Form10-K;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 346.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 346.25 Td (Quarterly Reports on Form10-Q;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 328.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 328.25 Td (Current Reports on Form8-K;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 310.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 310.25 Td (Amendments to the reports filed or furnished electronically with the SEC pursuant to Section13\(a\) or 15\(d\) of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 298.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 136.37 298.25 Td (Act;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 280.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 280.25 Td (Our Corporate Governance Guidelines;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 262.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 262.25 Td (The charters for our ) Tj ET Q q 0 0 0 rg BT 176.63 262.25 Td (Audit, Compensation, Finance/Risk Management and Nominating/Governance Committees;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 244.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 244.25 Td (Our Code of Conduct for Directors, Of) Tj ET Q q 0 0 0 rg BT 250.62 244.25 Td (ficers and Employees;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 226.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 226.25 Td (Our Code of Ethics for our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 282.54 226.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 300.46 226.25 Td (, Chief Financial Of) Tj ET Q q 0 0 0 rg BT 380.26 226.25 Td (ficer and Controller) Tj ET Q q 0 0 0 rg BT 458.56 226.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 208.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 208.25 Td (e make our filings with the Securities and Exchange Commission \(SEC\) available on our website as soon as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (reasonably practicable after we electronically file such material with, or furnish such material to, the SEC. ) Tj ET Q q 0 0 0 rg BT 477.16 196.25 Td (The SEC also ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (maintains an internet website at ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 179.1259765625 182.9169921875 m 233.2861328125 182.9169921875 l s q 0 0 0 rg BT 179.13 184.25 Td (http://sec.gov) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.29 184.25 Td ( that contains reports, proxy and information statements, and other information ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (regarding our company that we file and furnish electronically with the SEC. ) Tj ET Q q 0 0 0 rg BT 356.12 172.25 Td (The above information is available in print to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (anyone who requests it free of char) Tj ET Q q 0 0 0 rg BT 190.32 160.25 Td (ge. In addition, the public may read and copy any materials we file with the SEC at the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (SEC) Tj ET Q q 0 0 0 rg BT 71.12 148.25 Td (s Public Reference Room at 100 F) Tj ET Q q 0 0 0 rg BT 207.51 148.25 Td (. Street, N.E., ) Tj ET Q q 0 0 0 rg BT 263.99 148.25 Td (W) Tj ET Q q 0 0 0 rg BT 272.63 148.25 Td (ashington, DC 20549 and may obtain information on the operation of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (the Public Reference Room by calling the SEC at 1-800-SEC-0330.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (18) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 59.00 736.25 Td (Item 1A. Risk Factors ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 718.25 Td (Demand for and pricing of our products and services is subject to economic conditions and other factors, which have ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 706.25 Td (had and, in the future, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 296.15 706.25 Td (fect on our business and results of operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.50 688.25 Td (The automotive retail industry) Tj ET Q q 0 0 0 rg BT 202.21 688.25 Td (, and especially new vehicle unit sales, is influenced by general economic conditions, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 676.25 Td (particularly consumer confidence, the level of personal discretionary spending, interest rates, fuel prices, unemployment rates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 664.25 Td (and credit availability) Tj ET Q q 0 0 0 rg BT 145.54 664.25 Td (. During economic downturns, such as the recession experienced in 2008 and much of 2009, retail new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 652.25 Td (vehicle sales typically experience periods of decline characterized by oversupply and weak demand. In addition, periods of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 640.25 Td (economic uncertainty) Tj ET Q q 0 0 0 rg BT 144.70 640.25 Td (, as well as volatility in consumer preference around fuel-ef) Tj ET Q q 0 0 0 rg BT 382.76 640.25 Td (ficient vehicles in response to volatile fuel ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 628.25 Td (prices, and concern about manufacturer viability) Tj ET Q q 0 0 0 rg BT 252.16 628.25 Td (, may adversely impact future consumer spending and result in a dif) Tj ET Q q 0 0 0 rg BT 523.57 628.25 Td (ficult ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 616.25 Td (business environment. ) Tj ET Q q 0 0 0 rg BT 150.38 616.25 Td (Any tightening of the credit markets and credit conditions may decrease the availability of automotive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 604.25 Td (loans and leases and adversely impact our new and used vehicle sales and mar) Tj ET Q q 0 0 0 rg BT 371.76 604.25 Td (gins. In particular) Tj ET Q q 0 0 0 rg BT 444.67 604.25 Td (, if sub-prime finance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 592.25 Td (companies apply higher credit standards or if there is another decline in the overall availability of credit in the sub-prime ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 580.25 Td (lending market, the ability of consumers to purchase vehicles could be limited, which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 532.54 580.25 Td (fect on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 568.25 Td (our business and results of operations. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 550.25 Td (V) Tj ET Q q 0 0 0 rg BT 88.93 550.25 Td (olatile fuel prices may also continue to af) Tj ET Q q 0 0 0 rg BT 253.97 550.25 Td (fect consumer preferences in connection with the purchase of our vehicles. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 538.25 Td (Rising fuel prices may make consumers less likely to purchase lar) Tj ET Q q 0 0 0 rg BT 322.64 538.25 Td (ger) Tj ET Q q 0 0 0 rg BT 335.01 538.25 Td (, more expensive vehicles, such as sports utility vehicles ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 526.25 Td (or luxury automobiles and more likely to purchase smaller) Tj ET Q q 0 0 0 rg BT 292.43 526.25 Td (, less expensive and more fuel ef) Tj ET Q q 0 0 0 rg BT 423.03 526.25 Td (ficient vehicles. Sudden changes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 514.25 Td (in customer preferences make maintenance of an optimal mix of lar) Tj ET Q q 0 0 0 rg BT 329.26 514.25 Td (ge and small vehicle inventory a challenge. Further ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 502.25 Td (increases or sharp declines in fuel prices could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 352.02 502.25 Td (fect on our business and results of operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 484.25 Td (In addition, local economic, competitive and other conditions af) Tj ET Q q 0 0 0 rg BT 338.85 484.25 Td (fect the performance of our dealerships. Our results of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 472.25 Td (operations depend substantially on general economic conditions and spending habits in those regions of the U.S.where we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 460.25 Td (maintain most of our operations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 442.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.15 442.25 Td (e are subject to a concentration of risk in the event of financial distress, merger) Tj ET Q q 0 0 0 rg BT 401.98 442.25 Td (, sale or bankruptcy) Tj ET Q q 0 0 0 rg BT 483.28 442.25 Td (, including ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 430.25 Td (potential liquidation, of, or other adverse economic impacts on, certain major vehicle manufacturers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 412.25 Td (T) Tj ET Q q 0 0 0 rg BT 88.41 412.25 Td (oyota, Nissan, Honda, Ford, BMW) Tj ET Q q 0 0 0 rg BT 227.48 412.25 Td (, ) Tj ET Q q 0 0 0 rg BT 232.30 412.25 Td (V) Tj ET Q q 0 0 0 rg BT 238.23 412.25 Td (olkswagen, Hyundai, Daimler) Tj ET Q q 0 0 0 rg BT 357.80 412.25 Td (, Chrysler and General Motors dealerships ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 400.25 Td (represented approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.84 400.25 Td (96.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.67 400.25 Td ( of our total new vehicle retail units sold in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.08 400.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.08 400.25 Td (. In particular) Tj ET Q q 0 0 0 rg BT 441.82 400.25 Td (, sales of ) Tj ET Q q 0 0 0 rg BT 479.41 400.25 Td (T) Tj ET Q q 0 0 0 rg BT 484.82 400.25 Td (oyota/Scion/Lexus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 388.25 Td (new vehicles represented ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.01 388.25 Td (26.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.84 388.25 Td ( of our new vehicle unit sales in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.80 388.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.80 388.25 Td (. ) Tj ET Q q 0 0 0 rg BT 342.62 388.25 Td (The success of our dealerships is dependent on vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 376.25 Td (manufacturers in several key respects. First, we rely exclusively on the various vehicle manufacturers for our new vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 364.25 Td (inventory) Tj ET Q q 0 0 0 rg BT 96.68 364.25 Td (. Our ability to sell new vehicles is dependent on a vehicle manufacturer) Tj ET Q q 0 0 0 rg BT 386.11 364.25 Td () Tj ET Q q 0 0 0 rg BT 388.89 364.25 Td (s ability to produce and allocate to our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 352.25 Td (dealerships an attractive, high quality) Tj ET Q q 0 0 0 rg BT 208.02 352.25 Td (, and desirable product mix at the right time in order to satisfy customer demand. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 340.25 Td (Second, manufacturers generally support their franchisees by providing direct financial assistance in various areas, including, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 328.25 Td (among others, incentives, floorplan assistance and advertising assistance. ) Tj ET Q q 0 0 0 rg BT 353.64 328.25 Td (A) Tj ET Q q 0 0 0 rg BT 360.31 328.25 Td ( discontinuation or change in our manufacturers) Tj ET Q q 0 0 0 rg BT 554.51 328.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 316.25 Td (warranty and incentive programs could adversely af) Tj ET Q q 0 0 0 rg BT 266.51 316.25 Td (fect our business. ) Tj ET Q q 0 0 0 rg BT 338.54 316.25 Td (Third, manufacturers provide product warranties and, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 304.25 Td (in some cases, service contracts to customers. Our dealerships perform warranty and service contract work for vehicles under ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 292.25 Td (manufacturer product warranties and service contracts and bill the manufacturer directly as opposed to invoicing the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 280.25 Td (customer) Tj ET Q q 0 0 0 rg BT 95.10 280.25 Td (. In addition, we rely on manufacturers to varying extents for original equipment manufactured replacement parts, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 268.25 Td (training, product brochures and point of sale materials, and other items for our dealerships.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 250.25 Td (V) Tj ET Q q 0 0 0 rg BT 89.11 250.25 Td (ehicle manufacturers may be adversely impacted by economic downturns or recessions, significant declines in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 238.25 Td (sales of their new vehicles, increases in interest rates, adverse fluctuations in currency exchange rates, declines in their credit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 226.25 Td (ratings, reductions in access to capital or credit, labor strikes or similar disruptions \(including within their major suppliers\), ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 214.25 Td (supply shortages, or rising raw material costs, rising employee benefit costs, adverse publicity that may reduce consumer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 202.25 Td (demand for their products \(including due to bankruptcy\), product defects, vehicle recall campaigns, litigation, poor product ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 190.25 Td (mix or unappealing vehicle design, governmental laws and regulations, natural disasters, or other adverse events. ) Tj ET Q q 0 0 0 rg BT 513.40 190.25 Td (These and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 178.25 Td (other risks could materially adversely af) Tj ET Q q 0 0 0 rg BT 219.60 178.25 Td (fect any manufacturer and impact its ability to profitably design, market, produce or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 166.25 Td (distribute new vehicles, which in turn could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 340.94 166.25 Td (fect on our business, results of operations and financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 154.25 Td (condition. In 201) Tj ET Q q 0 0 0 rg BT 127.23 154.25 Td (1, natural disasters in ) Tj ET Q q 0 0 0 rg BT 214.16 154.25 Td (Asia adversely af) Tj ET Q q 0 0 0 rg BT 283.39 154.25 Td (fected certain vehicle manufacturers, including ) Tj ET Q q 0 0 0 rg BT 473.68 154.25 Td (T) Tj ET Q q 0 0 0 rg BT 479.09 154.25 Td (oyota and Honda, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 142.25 Td (and many of the parts suppliers on which they depend by temporarily restricting the manufacturers) Tj ET Q q 0 0 0 rg BT 456.47 142.25 Td ( ability to supply new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 130.25 Td (vehicles and related parts. ) Tj ET Q q 0 0 0 rg BT 164.79 130.25 Td (As a result, we experienced a decline in the supply of new vehicles and related parts associated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 118.25 Td (with these manufacturers, slowing the pace of new vehicle sales in 201) Tj ET Q q 0 0 0 rg BT 342.43 118.25 Td (1.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 100.25 Td (In the event or threat of a bankruptcy by a vehicle manufacturer) Tj ET Q q 0 0 0 rg BT 337.76 100.25 Td (, among other things: \(1\)the manufacturer could ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 88.25 Td (attempt to terminate all or certain of our franchises, and we may not receive adequate compensation for them, \(2\)we may not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 76.25 Td (be able to collect some or all of our receivables that are due from such manufacturer and we may be subject to preference ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 64.25 Td (claims relating to payments made by such manufacturer prior to bankruptcy) Tj ET Q q 0 0 0 rg BT 361.59 64.25 Td (, \(3\)we may not be able to obtain financing for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 52.25 Td (our new vehicle inventory) Tj ET Q q 0 0 0 rg BT 163.04 52.25 Td (, or arrange financing for our customers for their vehicle purchases and leases, with such ) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 742.10 Td (manufacturer) Tj ET Q q 0 0 0 rg BT 112.67 742.10 Td () Tj ET Q q 0 0 0 rg BT 115.45 742.10 Td (s captive finance subsidiary) Tj ET Q q 0 0 0 rg BT 225.60 742.10 Td (, which may cause us to finance our new vehicle inventory) Tj ET Q q 0 0 0 rg BT 459.59 742.10 Td (, and arrange financing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 730.10 Td (for our customers, with alternate finance sources on less favorable terms, and \(4\)consumer demand for such manufacturer) Tj ET Q q 0 0 0 rg BT 548.91 730.10 Td () Tj ET Q q 0 0 0 rg BT 551.69 730.10 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 718.10 Td (products could be materially adversely af) Tj ET Q q 0 0 0 rg BT 224.03 718.10 Td (fected and could impact the value of our inventory) Tj ET Q q 0 0 0 rg BT 425.53 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 430.35 718.10 Td (These events may result in a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 706.10 Td (partial or complete write-down of our goodwill and/or intangible franchise rights with respect to any terminated franchises ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 694.10 Td (and cause us to incur non-cash impairment char) Tj ET Q q 0 0 0 rg BT 249.59 694.10 Td (ges related to operating leases and/or receivables due from such ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 682.10 Td (manufacturers or to record allowances against the value of our new and used vehicle inventory) Tj ET Q q 0 0 0 rg BT 437.10 682.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 664.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.15 664.10 Td (e are dependent on our relationships with manufacturers and if we are unable to enter into new franchise agreements ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 652.10 Td (in connection with dealership acquisitions or maintain or renew our existing franchise agreements on favorable terms, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 640.10 Td (our operations may be significantly impaired.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 622.10 Td (W) Tj ET Q q 0 0 0 rg BT 91.64 622.10 Td (e are dependent on our relationships with manufacturers, which exercise a great degree of influence over our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 610.10 Td (operations through the franchise agreements. For example, delays in obtaining, or failing to obtain, manufacturer approvals ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 598.10 Td (for dealership acquisitions could adversely af) Tj ET Q q 0 0 0 rg BT 240.15 598.10 Td (fect our acquisition program. In determining whether to approve an acquisition, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 586.10 Td (manufacturers may consider many factors, including the moral character and business experience of the dealership principals ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 574.10 Td (and the financial condition, ownership structure, CSI scores \(described below\), sales ef) Tj ET Q q 0 0 0 rg BT 407.05 574.10 Td (ficiency) Tj ET Q q 0 0 0 rg BT 438.60 574.10 Td (, and other performance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 562.10 Td (measures of our other dealerships. ) Tj ET Q q 0 0 0 rg BT 197.85 562.10 Td (Also, our manufacturers attempt to measure customers) Tj ET Q q 0 0 0 rg BT 418.98 562.10 Td ( satisfaction with automobile ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 550.10 Td (dealerships through systems generally known as CSI, which may be modified or replaced at the manufacturer) Tj ET Q q 0 0 0 rg BT 497.57 550.10 Td () Tj ET Q q 0 0 0 rg BT 500.35 550.10 Td (s discretion. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 538.10 Td (Manufacturers may use these performance indicators, as well as sales performance numbers, as conditions for certain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 526.10 Td (payments and as factors in evaluating applications for additional acquisitions. In unusual cases where performance indicators, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 514.10 Td (such as the ones described above, are not met to the satisfaction of the manufacturer) Tj ET Q q 0 0 0 rg BT 394.86 514.10 Td (, certain manufacturers may either limit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 502.10 Td (our ability to acquire additional dealerships or require the disposal of existing dealerships or both. From time to time, we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 490.10 Td (have not met all of the manufacturers) Tj ET Q q 0 0 0 rg BT 210.97 490.10 Td ( requirements to make acquisitions and have received requests to dispose of certain of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 478.10 Td (our dealerships. On one occasion, one of our manufacturers initiated legal proceedings to block one of our acquisitions, but ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 466.10 Td (before the court could address the matter) Tj ET Q q 0 0 0 rg BT 221.87 466.10 Td (, the manufacturer dismissed its proceeding when the seller elected not to sell its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 454.10 Td (dealerships to us. In the event one or more of our manufacturers sought to prohibit future acquisitions, or imposed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 442.10 Td (requirements to dispose of one or more of our dealerships, our acquisition and growth strategy could be adversely af) Tj ET Q q 0 0 0 rg BT 523.97 442.10 Td (fected.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 424.10 Td (A) Tj ET Q q 0 0 0 rg BT 89.67 424.10 Td ( manufacturer may also limit the number of its dealerships that we may own or the number that we may own in a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 412.10 Td (particular geographic area. For example, in the U.S. we may acquire only six primary Lexus dealerships or six outlets ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 400.10 Td (nationally) Tj ET Q q 0 0 0 rg BT 98.34 400.10 Td (. ) Tj ET Q q 0 0 0 rg BT 105.29 400.10 Td (As of December 31, 2013, we owned three primary Lexus dealerships. ) Tj ET Q q 0 0 0 rg BT 389.65 400.10 Td (Also, under the manufacturer) Tj ET Q q 0 0 0 rg BT 507.20 400.10 Td () Tj ET Q q 0 0 0 rg BT 509.98 400.10 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 388.10 Td (interpretation of existing guidelines, as of December 31, 2013, we owned the maximum number of ) Tj ET Q q 0 0 0 rg BT 456.50 388.10 Td (T) Tj ET Q q 0 0 0 rg BT 461.91 388.10 Td (oyota dealerships ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 376.10 Td (permitted in the Gulf States region, which is comprised of ) Tj ET Q q 0 0 0 rg BT 293.49 376.10 Td (T) Tj ET Q q 0 0 0 rg BT 298.90 376.10 Td (exas, Oklahoma, Louisiana, Mississippi and ) Tj ET Q q 0 0 0 rg BT 477.22 376.10 Td (Arkansas, and in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 364.10 Td (Boston region, which is comprised of Maine, Massachusetts, New Hampshire, Rhode Island, and ) Tj ET Q q 0 0 0 rg BT 449.86 364.10 Td (V) Tj ET Q q 0 0 0 rg BT 455.97 364.10 Td (ermont.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 346.10 Td (In addition, each of our franchise agreements may be terminated or not renewed by the manufacturer for a variety of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 334.10 Td (reasons, including any unapproved changes of ownership or management, sales and customer satisfaction performance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 322.10 Td (deficiencies and other material breaches of the franchise agreements. Manufacturers may also have a right of first refusal if ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 310.10 Td (we seek to sell dealerships. ) Tj ET Q q 0 0 0 rg BT 169.90 310.10 Td (W) Tj ET Q q 0 0 0 rg BT 178.54 310.10 Td (e cannot guarantee all of our franchise agreements will be renewed or that the terms of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 298.10 Td (renewals will be as favorable to us as our current agreements. In addition, we cannot guarantee that our manufacturers will ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 286.10 Td (not attempt to terminate our franchise agreements if they perceive that performance deficiencies exist. If such an instance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 274.10 Td (occurs, although we are generally protected by automotive dealership franchise laws requiring good cause be shown for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 262.10 Td (such termination, we cannot guarantee that the termination of the franchise will not be successful. ) Tj ET Q q 0 0 0 rg BT 451.93 262.10 Td (Actions taken by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 250.10 Td (manufacturers to exploit their bar) Tj ET Q q 0 0 0 rg BT 192.66 250.10 Td (gaining position in negotiating the terms of renewals of franchise agreements could also ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 238.10 Td (have a material adverse ef) Tj ET Q q 0 0 0 rg BT 163.20 238.10 Td (fect on our results of operations. Further) Tj ET Q q 0 0 0 rg BT 324.15 238.10 Td (, the terms of certain of our real estate related indebtedness ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 226.10 Td (require the repayment of all amounts outstanding in the event that the associated franchise is terminated. Our results of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 214.10 Td (operations may be materially and adversely af) Tj ET Q q 0 0 0 rg BT 243.19 214.10 Td (fected to the extent that our franchise rights become compromised or our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 202.10 Td (operations restricted due to the terms of our franchise agreements or if we lose substantial franchises.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 184.10 Td (Finally) Tj ET Q q 0 0 0 rg BT 110.69 184.10 Td (, our franchise agreements do not give us the exclusive right to sell a manufacturer) Tj ET Q q 0 0 0 rg BT 441.22 184.10 Td () Tj ET Q q 0 0 0 rg BT 444.00 184.10 Td (s product within a given ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 172.10 Td (geographic area. Subject to state laws that are generally designed to protect dealers, a manufacturer may grant another dealer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 160.10 Td (a franchise to start a new dealership near one of our locations, or an existing dealership may move its dealership to a location ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 148.10 Td (that would more directly compete against us. ) Tj ET Q q 0 0 0 rg BT 240.99 148.10 Td (The location of new dealerships near our existing dealerships could have a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 136.10 Td (material and adverse ef) Tj ET Q q 0 0 0 rg BT 151.82 136.10 Td (fect our operations and reduce the profitability of our existing dealerships.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 118.10 Td (Our ability to acquire new dealerships and successfully integrate those dealerships into our business could adversely ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 106.10 Td (af) Tj ET Q q 0 0 0 rg BT 76.15 106.10 Td (fect the growth of our revenues and earnings.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 88.10 Td (Growth in our revenues and earnings partially depends on our ability to acquire new dealerships and successfully ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 76.10 Td (integrate those dealerships into our existing operations. ) Tj ET Q q 0 0 0 rg BT 282.10 76.10 Td (W) Tj ET Q q 0 0 0 rg BT 290.74 76.10 Td (e cannot guarantee that we will be able to identify and acquire ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 64.10 Td (dealerships in the future. In addition, we cannot guarantee that any acquisitions will be successful or on terms and conditions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 52.10 Td (consistent with past acquisitions. Restrictions by our manufacturers, as well as covenants contained in our debt instruments, ) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 742.10 Td (may directly or indirectly limit our ability to acquire additional dealerships. In addition, increased competition for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 730.10 Td (acquisitions may develop, which could result in fewer acquisition opportunities available to us and/or higher acquisition ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 718.10 Td (prices. ) Tj ET Q q 0 0 0 rg BT 87.33 718.10 Td (And, some of our competitors may have greater financial resources than us.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 700.10 Td (W) Tj ET Q q 0 0 0 rg BT 91.64 700.10 Td (e will continue to need substantial capital in order to acquire additional automobile dealerships. ) Tj ET Q q 0 0 0 rg BT 475.51 700.10 Td (W) Tj ET Q q 0 0 0 rg BT 484.15 700.10 Td (e currently intend ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 688.10 Td (to finance future acquisitions by using cash generated from operations, borrowings under our acquisition lines, proceeds from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 676.10 Td (debt and/or equity of) Tj ET Q q 0 0 0 rg BT 142.41 676.10 Td (ferings and/or issuing shares of our common stock as partial consideration for acquired dealerships. If ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 664.10 Td (potential acquisition candidates are unwilling to accept our common stock, we will rely solely on available cash or proceeds ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 652.10 Td (from debt or equity financings, which could adversely af) Tj ET Q q 0 0 0 rg BT 285.69 652.10 Td (fect our acquisition program. ) Tj ET Q q 0 0 0 rg BT 404.09 652.10 Td (While it has improved recently) Tj ET Q q 0 0 0 rg BT 527.29 652.10 Td (, access ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 640.10 Td (to funding through the debt or equity capital markets could become challenging again in the future. ) Tj ET Q q 0 0 0 rg BT 457.50 640.10 Td (Also, in the recent past, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 628.10 Td (the cost of obtaining money from the credit markets increased as many lenders and institutional investors increased interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 616.10 Td (rates, enacted tighter lending standards, refused to refinance existing debt as maturity at all or on terms similar to current ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 604.10 Td (debt, and reduced and, in some cases, ceased to provide funding to borrowers. ) Tj ET Q q 0 0 0 rg BT 373.07 604.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 422.41 604.10 Td (, our ability to complete ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 592.10 Td (acquisitions could be adversely af) Tj ET Q q 0 0 0 rg BT 194.33 592.10 Td (fected if the price of our common stock is depressed or if our access to capital is limited.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 574.10 Td (In addition, managing and integrating additional dealerships into our existing mix of dealerships may result in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 562.10 Td (substantial costs, diversion of our management) Tj ET Q q 0 0 0 rg BT 249.52 562.10 Td (s attention, delays, or other operational or financial problems. ) Tj ET Q q 0 0 0 rg BT 497.78 562.10 Td (Acquisitions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 550.10 Td (involve a number of special risks, including, among other things:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 532.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 532.10 Td (incurring significantly higher capital expenditures and operating expenses;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 514.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 514.10 Td (failing to integrate the operations and personnel of the acquired dealerships;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 496.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 496.10 Td (entering new markets with which we are not familiar;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 478.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 478.10 Td (incurring undiscovered liabilities at acquired dealerships, in the case of stock acquisitions;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 460.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 460.10 Td (disrupting our ongoing business;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 442.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 442.10 Td (failing to retain key personnel of the acquired dealerships;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 424.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 424.10 Td (impairing relationships with employees, manufacturers and customers;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 406.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 406.10 Td (incorrectly valuing acquired entities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 388.10 Td (These risks could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 259.68 388.10 Td (fect on our business, results of operations and financial condition. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 376.10 Td (Although we conduct what we believe to be a prudent level of investigation regarding the operating condition of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 364.10 Td (businesses we purchase, in light of the circumstances of each transaction, an unavoidable level of risk remains regarding the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 352.10 Td (actual operating condition of these businesses.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 334.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.15 334.10 Td (e are subject to substantial regulations, which may adversely af) Tj ET Q q 0 0 0 rg BT 335.97 334.10 Td (fect our business and results of operations. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 316.10 Td (A) Tj ET Q q 0 0 0 rg BT 89.67 316.10 Td ( number of state and federal laws and regulations applicable to automotive companies af) Tj ET Q q 0 0 0 rg BT 442.98 316.10 Td (fect our business. ) Tj ET Q q 0 0 0 rg BT 515.00 316.10 Td (W) Tj ET Q q 0 0 0 rg BT 523.64 316.10 Td (e are also ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 304.10 Td (subject to laws and regulations relating to business corporations generally) Tj ET Q q 0 0 0 rg BT 353.56 304.10 Td (. ) Tj ET Q q 0 0 0 rg BT 358.00 304.10 Td (Any failure to comply with these laws and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 292.10 Td (regulations may result in the assessment of administrative, civil, or criminal penalties, the imposition of remedial obligations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 280.10 Td (or the issuance of injunctions limiting or prohibiting our operations. In every jurisdiction in which we operate, we must ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 268.10 Td (obtain various licenses in order to operate our businesses, including dealer) Tj ET Q q 0 0 0 rg BT 356.02 268.10 Td (, sales, finance and insurance-related licenses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 256.10 Td (issued by government authorities. ) Tj ET Q q 0 0 0 rg BT 196.29 256.10 Td (These laws also regulate our conduct of business, including our advertising, operating, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 244.10 Td (financing, employment and sales practices. Other laws and regulations include U.S. state franchise laws and regulations, anti-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 232.10 Td (trust laws and other extensive laws and regulations applicable to new and used motor vehicle dealers, as well as U.S. federal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 220.10 Td (and state wage-hour) Tj ET Q q 0 0 0 rg BT 139.12 220.10 Td (, anti-discrimination and other employment practices laws. Furthermore, some states have initiated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 208.10 Td (consumer bill of rights statutes which involve increases in our costs associated with the sale of vehicles, or decreases in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 196.10 Td (some of our profit centers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 178.10 Td (Our financing activities with customers are subject to federal truth-in-lending, consumer leasing and equal credit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 166.10 Td (opportunity laws and regulations, as well as state and local motor vehicle finance laws, installment finance laws, insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 154.10 Td (laws, usury laws and other installment sales laws and regulations. Some states regulate finance fees and char) Tj ET Q q 0 0 0 rg BT 493.13 154.10 Td (ges that may be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 142.10 Td (paid as a result of vehicle sales. Claims arising out of actual or alleged violations of law may be asserted against us or our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 130.10 Td (dealerships by individuals or governmental entities and may expose us to significant damages or other penalties, including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 118.10 Td (revocation or suspension of our licenses to conduct dealership operations and fines.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 100.10 Td (Our operations are also subject to the National ) Tj ET Q q 0 0 0 rg BT 271.10 100.10 Td (T) Tj ET Q q 0 0 0 rg BT 276.85 100.10 Td (raf) Tj ET Q q 0 0 0 rg BT 287.77 100.10 Td (fic and Motor ) Tj ET Q q 0 0 0 rg BT 345.08 100.10 Td (V) Tj ET Q q 0 0 0 rg BT 351.19 100.10 Td (ehicle Safety ) Tj ET Q q 0 0 0 rg BT 405.06 100.10 Td (Act, the Magnusson-Moss ) Tj ET Q q 0 0 0 rg BT 512.65 100.10 Td (W) Tj ET Q q 0 0 0 rg BT 521.29 100.10 Td (arranty ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 88.10 Td (Act, Federal Motor ) Tj ET Q q 0 0 0 rg BT 138.24 88.10 Td (V) Tj ET Q q 0 0 0 rg BT 144.36 88.10 Td (ehicle Safety Standards promulgated by the United States Department of ) Tj ET Q q 0 0 0 rg BT 437.43 88.10 Td (T) Tj ET Q q 0 0 0 rg BT 443.18 88.10 Td (ransportation and various ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 76.10 Td (state motor vehicle regulatory agencies. ) Tj ET Q q 0 0 0 rg BT 220.42 76.10 Td (The imported automobiles we purchase are subject to U.S.customs duties and, in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 64.10 Td (ordinary course of our business, we may) Tj ET Q q 0 0 0 rg BT 220.25 64.10 Td (, from time to time, be subject to claims for duties, penalties, liquidated damages, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 52.10 Td (other char) Tj ET Q q 0 0 0 rg BT 99.07 52.10 Td (ges.) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 742.10 Td (Our operations are subject to consumer protection laws known as Lemon Laws. ) Tj ET Q q 0 0 0 rg BT 404.12 742.10 Td (These laws typically require a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 730.10 Td (manufacturer or dealer to replace a new vehicle or accept it for a full refund within one year after initial purchase if the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 718.10 Td (vehicle does not conform to the manufacturer) Tj ET Q q 0 0 0 rg BT 241.52 718.10 Td () Tj ET Q q 0 0 0 rg BT 244.30 718.10 Td (s express warranties and the dealer or manufacturer) Tj ET Q q 0 0 0 rg BT 449.64 718.10 Td (, after a reasonable number ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 706.10 Td (of attempts, is unable to correct or repair the defect. Federal laws require various written disclosures to be provided on new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 694.10 Td (vehicles, including mileage and pricing information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 676.10 Td (In July 2010, the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 203.92 676.10 Td (W) Tj ET Q q 0 0 0 rg BT 212.56 676.10 Td (all Street Reform and Consumer Protection ) Tj ET Q q 0 0 0 rg BT 387.52 676.10 Td (Act was signed into law and established ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 664.10 Td (the Consumer Financial Protection Bureau \(the CFPB\) with broad regulatory powers. ) Tj ET Q q 0 0 0 rg BT 411.71 664.10 Td (Although automotive dealers are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 652.10 Td (generally excluded from the CFPB) Tj ET Q q 0 0 0 rg BT 201.19 652.10 Td (s regulatory authority) Tj ET Q q 0 0 0 rg BT 286.63 652.10 Td (, we are required to comply with regulations applicable to privacy ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 640.10 Td (notices, and the CFPB has announced its intention to regulate automotive financing activities through its regulation of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 628.10 Td (automotive finance companies and other financial institutions that service the automotive industry) Tj ET Q q 0 0 0 rg BT 450.74 628.10 Td (. ) Tj ET Q q 0 0 0 rg BT 455.56 628.10 Td (The CFPB has issued ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 616.10 Td (regulatory guidance instructing financial institutions to monitor dealer loans for potential discrimination resulting from the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 604.10 Td (system used to compensate dealers for assisting in the customer financing transaction. ) Tj ET Q q 0 0 0 rg BT 405.12 604.10 Td (The CFPB has instructed lenders that, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 592.10 Td (if discrimination is found, the lender would be required to change dealer compensation practices. If this initiative ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 580.10 Td (substantially restricts our ability to generate revenue from arranging financing for our customers for the purchase of vehicles, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 568.10 Td (the result could have an adverse ef) Tj ET Q q 0 0 0 rg BT 197.09 568.10 Td (fect on our business and results of operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 550.10 Td (In addition, we expect that the Patient Protection and ) Tj ET Q q 0 0 0 rg BT 296.83 550.10 Td (Af) Tj ET Q q 0 0 0 rg BT 307.20 550.10 Td (fordable Care ) Tj ET Q q 0 0 0 rg BT 363.84 550.10 Td (Act, which was signed into law on March 23, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 538.10 Td (2010, will increase our annual employee health care costs that we fund, with the most significant increases commencing in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 526.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 83.82 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 92.46 526.10 Td (e cannot predict the extent of the ef) Tj ET Q q 0 0 0 rg BT 233.60 526.10 Td (fect that this statute, or any future state or federal healthcare legislation or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 514.10 Td (regulation, will have on us. However) Tj ET Q q 0 0 0 rg BT 206.62 514.10 Td (, an expansion in government) Tj ET Q q 0 0 0 rg BT 327.42 514.10 Td (s role in the U.S. healthcare industry could result in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 502.10 Td (significant long-term costs to us, which could in turn adversely af) Tj ET Q q 0 0 0 rg BT 321.26 502.10 Td (fect our business, results of operations and financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 490.10 Td (condition.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 472.10 Td (Possible penalties for violation of any of these laws or regulations include revocation or suspension of our licenses and/) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 460.10 Td (or civil or criminal fines and penalties. In addition, many laws may give customers a private cause of action. ) Tj ET Q q 0 0 0 rg BT 494.80 460.10 Td (V) Tj ET Q q 0 0 0 rg BT 501.42 460.10 Td (iolation of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 448.10 Td (these laws, the cost of compliance with these laws, or changes in these laws could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 493.38 448.10 Td (fect on our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 436.10 Td (business and results of operations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 418.10 Td (Our operations are subject to environmental laws and regulations that may expose us to significant costs and liabilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 400.10 Td (In the course of our operations, we generate, handle, store and recycle or dispose of various used products and wastes. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 388.10 Td (These business activities are subject to stringent federal, regional, state and local laws and regulations governing the release ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 376.10 Td (of materials into the environment or otherwise relating to environmental protection. ) Tj ET Q q 0 0 0 rg BT 395.94 376.10 Td (These laws and regulations may impose ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 364.10 Td (numerous obligations upon our operations including the acquisition of permits to conduct regulated activities, the imposition ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 352.10 Td (of restrictions on where or how to manage or dispose of used products and wastes, the incurrence of capital expenditures to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 340.10 Td (limit or prevent releases of such material, and the imposition of substantial liabilities for pollution resulting from our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 328.10 Td (operations. Failure to comply with these laws, regulations, and permits may result in the assessment of administrative, civil, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 316.10 Td (and criminal penalties, the imposition of remedial and corrective action obligations, and the issuance of injections limiting or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 304.10 Td (preventing some or all of our operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 286.10 Td (There is a risk of incurring significant environmental costs and liabilities in the operations or our automotive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 274.10 Td (dealerships due to our handling of regulated used products and wastes, because of releases arising in the course of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 262.10 Td (operations, especially from storage tanks, and due to contamination arising from historical operations and waste disposal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 250.10 Td (practices. Under certain environmental laws, we could be subject to joint and several, strict liability for the removal or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 238.10 Td (remediation of previously released materials or property contamination or for correction of previously unknown equipment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 226.10 Td (or facility deficiencies regardless of whether we were responsible for the release, contamination or deficiency or if the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 214.10 Td (operations were in compliance with all applicable laws at the time those actions were taken.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 196.10 Td (The trend in environmental regulation is to place more restrictions and limitations on activities that may af) Tj ET Q q 0 0 0 rg BT 508.81 196.10 Td (fect the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 184.10 Td (environment, and thus any changes in environmental laws and regulations that result in more stringent and costly pollution ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 172.10 Td (control equipment or waste containment, management or disposal requirements could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 508.38 172.10 Td (fect on our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 160.10 Td (business, results of operation and financial condition. For instance, vehicle manufacturers are currently subject to federally ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 148.10 Td (mandated corporate average fuel economy standards, which require most manufacturers to modify their engines to achieve a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 136.10 Td (fleet-wide average fuel ef) Tj ET Q q 0 0 0 rg BT 161.25 136.10 Td (ficiency equivalent of 35.5 miles per gallon by model year 2017 and to achieve a fuel ef) Tj ET Q q 0 0 0 rg BT 512.89 136.10 Td (ficiency ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 124.10 Td (equivalent of 54.5 miles per gallon by 2025. ) Tj ET Q q 0 0 0 rg BT 238.23 124.10 Td (These increased fuel ef) Tj ET Q q 0 0 0 rg BT 330.49 124.10 Td (ficiency requirements are expected to increase the cost of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 112.10 Td (new vehicles over time, which could potentially result in a reduction in new vehicle sales. ) Tj ET Q q 0 0 0 rg BT 420.28 112.10 Td (Also, in response to studies ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 100.10 Td (suggesting that emissions of carbon dioxide and certain other gases, referred to as greenhouse gases, may be contributing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 88.10 Td (to warming of the Earth) Tj ET Q q 0 0 0 rg BT 157.31 88.10 Td (s atmosphere and other climatic changes, the Congress and numerous states have from time to time ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 76.10 Td (considered and in the case of some states, adopted legislation to restrict greenhouse gases. Moreover) Tj ET Q q 0 0 0 rg BT 485.69 76.10 Td (, the EP) Tj ET Q q 0 0 0 rg BT 516.16 76.10 Td (A) Tj ET Q q 0 0 0 rg BT 522.83 76.10 Td ( has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 64.10 Td (adopted rules under existing provisions of the federal Clean ) Tj ET Q q 0 0 0 rg BT 299.77 64.10 Td (Air ) Tj ET Q q 0 0 0 rg BT 315.05 64.10 Td (Act that require a reduction in emissions of greenhouse gases ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 52.10 Td (from motor vehicles, require certain construction and operating permit reviews for greenhouse gas emissions from certain ) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 742.10 Td (lar) Tj ET Q q 0 0 0 rg BT 69.37 742.10 Td (ge stationary sources, and require monitoring and reporting of greenhouse gas emissions from specified sources on an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 730.10 Td (annual basis. ) Tj ET Q q 0 0 0 rg BT 112.97 730.10 Td (The adoption of any laws or regulations requiring significant increases in fuel economy requirements or new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 718.10 Td (federal or state restrictions on emissions of greenhouse gases from our operations or on vehicles and automotive fuels in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 706.10 Td (United States could adversely af) Tj ET Q q 0 0 0 rg BT 188.22 706.10 Td (fect prices of and demand for the vehicles we sell which could adversely af) Tj ET Q q 0 0 0 rg BT 488.76 706.10 Td (fect our revenues ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 694.10 Td (and earnings. Please see Item 1. Business Governmental Regulations Environmental and Occupational Health and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 682.10 Td (Safety Laws and Regulations for more information.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 664.10 Td (If we lose key personnel or are unable to attract additional qualified personnel, our business could be adversely af) Tj ET Q q 0 0 0 rg BT 536.43 664.10 Td (fected ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 652.10 Td (because we rely on the industry knowledge and relationships of our key personnel.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 91.64 634.10 Td (e believe our success depends to a significant extent upon the ef) Tj ET Q q 0 0 0 rg BT 347.20 634.10 Td (forts and abilities of our executive of) Tj ET Q q 0 0 0 rg BT 494.75 634.10 Td (ficers, senior ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 622.10 Td (management and key employees, including our regional vice presidents. ) Tj ET Q q 0 0 0 rg BT 350.12 622.10 Td (The unexpected or unanticipated loss of the services ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 610.10 Td (of one or more members of our senior management team could have an adverse ef) Tj ET Q q 0 0 0 rg BT 387.58 610.10 Td (fect on our business and impair the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 598.10 Td (ef) Tj ET Q q 0 0 0 rg BT 66.59 598.10 Td (ficiency and productivity of our operations. ) Tj ET Q q 0 0 0 rg BT 242.75 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 251.38 598.10 Td (e do not have key man insurance for any of our executive of) Tj ET Q q 0 0 0 rg BT 491.67 598.10 Td (ficers or key ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 586.10 Td (personnel. In addition, the market for qualified employees in the industry and in the regions in which we operate, particularly ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 574.10 Td (for general managers and sales and service personnel, is highly competitive and may subject us to increased labor costs ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 562.10 Td (during periods of low unemployment. ) Tj ET Q q 0 0 0 rg BT 212.69 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 221.32 562.10 Td (e do not have employment agreements with most of our dealership general managers ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 550.10 Td (and other key dealership personnel. ) Tj ET Q q 0 0 0 rg BT 202.84 550.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 252.18 550.10 Td (, the loss of any of our key employees or the failure to attract qualified ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 538.10 Td (managers could have an adverse ef) Tj ET Q q 0 0 0 rg BT 198.47 538.10 Td (fect on our business and may impact the ability of our dealerships to conduct their ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 526.10 Td (operations in accordance with our national standards.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 508.10 Td (Substantial competition in automotive sales and services may materially and adversely af) Tj ET Q q 0 0 0 rg BT 433.08 508.10 Td (fect our results of operations ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 496.10 Td (due to our need to lower prices to sustain sales.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 478.10 Td (The automotive retail industry is highly competitive. Depending on the geographic market, we compete with:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 460.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 460.10 Td (franchised automotive dealerships in our markets that sell the same or similar makes of new and used vehicles ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 448.10 Td (that we of) Tj ET Q q 0 0 0 rg BT 143.80 448.10 Td (fer) Tj ET Q q 0 0 0 rg BT 154.50 448.10 Td (, occasionally at lower prices than we do;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 430.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 430.10 Td (other national or regional af) Tj ET Q q 0 0 0 rg BT 215.44 430.10 Td (filiated groups of franchised dealerships and/or of used vehicle dealerships;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 412.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 412.10 Td (private market buyers and sellers of used vehicles;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 394.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 394.10 Td (internet-based vehicle brokers that sell vehicles obtained from franchised dealers directly to consumers;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 376.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 376.10 Td (service center chain stores;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 358.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 358.10 Td (independent service and repair shops.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 340.10 Td (W) Tj ET Q q 0 0 0 rg BT 91.64 340.10 Td (e do not have any cost advantage in purchasing new vehicles from vehicle manufacturers and typically rely on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 328.10 Td (advertising, merchandising, sales expertise, service reputation and dealership location in order to sell new vehicles. Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 316.10 Td (franchise agreements do not grant us the exclusive right to sell a manufacturer) Tj ET Q q 0 0 0 rg BT 372.04 316.10 Td () Tj ET Q q 0 0 0 rg BT 374.82 316.10 Td (s product within a given geographic area. If ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 304.10 Td (competing dealerships expand their market share or are awarded additional franchises by manufacturers that supply our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 292.10 Td (dealerships, it could have a material and adverse ef) Tj ET Q q 0 0 0 rg BT 262.90 292.10 Td (fect on our business and results of operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 274.10 Td (In addition to competition for vehicle sales, our dealerships compete with franchised dealerships to perform warranty ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 262.10 Td (repairs and with other automotive dealers, franchised and independent service center chains and independent garages for non-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 250.10 Td (warranty repair and routine maintenance business. Our parts operations compete with other automotive dealers, service stores ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 238.10 Td (and auto parts retailers. ) Tj ET Q q 0 0 0 rg BT 154.62 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 163.25 238.10 Td (e believe the principal competitive factors in the parts and service business are the quality of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 226.10 Td (customer service, the use of factory-approved replacement parts, familiarity with a manufacturer) Tj ET Q q 0 0 0 rg BT 445.59 226.10 Td () Tj ET Q q 0 0 0 rg BT 448.37 226.10 Td (s brands and models, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 214.10 Td (convenience, access to technology required for certain repairs and services, location, price, the competence of technicians ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 202.10 Td (and the availability of training programs to enhance such expertise. ) Tj ET Q q 0 0 0 rg BT 329.75 202.10 Td (A) Tj ET Q q 0 0 0 rg BT 336.42 202.10 Td ( number of regional or national chains of) Tj ET Q q 0 0 0 rg BT 499.80 202.10 Td (fer selected ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 190.10 Td (parts and services at prices that may be lower than our dealerships) Tj ET Q q 0 0 0 rg BT 326.22 190.10 Td ( prices. ) Tj ET Q q 0 0 0 rg BT 357.41 190.10 Td (W) Tj ET Q q 0 0 0 rg BT 366.05 190.10 Td (e also compete with a broad range of financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 178.10 Td (institutions in arranging financing for our customers) Tj ET Q q 0 0 0 rg BT 270.44 178.10 Td ( vehicle purchases.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 160.10 Td (The internet has also become a significant part of the advertising and sales process in our industry) Tj ET Q q 0 0 0 rg BT 473.90 160.10 Td (. Customers are using ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 148.10 Td (the internet as part of the sales process to compare pricing for cars and related finance and insurance services, which may ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 136.10 Td (reduce gross profit mar) Tj ET Q q 0 0 0 rg BT 151.84 136.10 Td (gins for new and used cars and profits for related finance and insurance services. Some websites of) Tj ET Q q 0 0 0 rg BT 547.36 136.10 Td (fer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 124.10 Td (vehicles for sale over the internet without the benefit of having a dealership franchise, although they must currently source ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 112.10 Td (their vehicles from a franchised dealer) Tj ET Q q 0 0 0 rg BT 211.98 112.10 Td (. If internet new vehicle sales are allowed to be conducted without the involvement of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 100.10 Td (franchised dealers, or if dealerships are able to ef) Tj ET Q q 0 0 0 rg BT 255.11 100.10 Td (fectively use the internet to sell outside of their markets, our business could ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 88.10 Td (be materially adversely af) Tj ET Q q 0 0 0 rg BT 162.38 88.10 Td (fected. Our business would also be materially adversely af) Tj ET Q q 0 0 0 rg BT 395.73 88.10 Td (fected to the extent that internet ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 76.10 Td (companies acquire dealerships or align themselves with our competitors) Tj ET Q q 0 0 0 rg BT 349.84 76.10 Td ( dealerships.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 58.10 Td (Please see Item 1. Business Competition for more discussion of competition in our industry) Tj ET Q q 0 0 0 rg BT 469.79 58.10 Td (.) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (23) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 74.12 742.25 Td ( data security breach with regard to personally identifiable information \("PII"\) about our customers or employees ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 730.25 Td (could negatively af) Tj ET Q q 0 0 0 rg BT 145.58 730.25 Td (fect operations and result in high costs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 712.25 Td (In the ordinary course of business, we and our business af) Tj ET Q q 0 0 0 rg BT 314.15 712.25 Td (filiates receive significant PII about our customers in order to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 700.25 Td (complete the sale or service of a vehicle and related products. ) Tj ET Q q 0 0 0 rg BT 307.60 700.25 Td (W) Tj ET Q q 0 0 0 rg BT 316.24 700.25 Td (e also receive PII from our employees. Numerous state and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 688.25 Td (federal regulations, as well as payment card industry and other vendor standards, govern the collection and maintenance of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 676.25 Td (PII from consumers and other individuals. ) Tj ET Q q 0 0 0 rg BT 229.81 676.25 Td (Although many companies across many industries are af) Tj ET Q q 0 0 0 rg BT 455.95 676.25 Td (fected by malicious ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 664.25 Td (ef) Tj ET Q q 0 0 0 rg BT 66.59 664.25 Td (forts to obtain access to PII, news reports suggest that the automotive dealership industry is a particular tar) Tj ET Q q 0 0 0 rg BT 492.41 664.25 Td (get of identity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 652.25 Td (thieves. Moreover) Tj ET Q q 0 0 0 rg BT 131.35 652.25 Td (, there are numerous opportunities for a data security breach, including cyber) Tj ET Q q 0 0 0 rg BT 439.09 652.25 Td (-security breaches, bur) Tj ET Q q 0 0 0 rg BT 529.70 652.25 Td (glary) Tj ET Q q 0 0 0 rg BT 549.60 652.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 640.25 Td (lost or misplaced data, scams, or misappropriation of data by employees, vendors or unaf) Tj ET Q q 0 0 0 rg BT 415.39 640.25 Td (filiated third parties. Despite the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 628.25 Td (security measures we have in place and any additional measures we may implement or adopt in the future, our facilities and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 616.25 Td (systems, and those of our third-party service providers, could be vulnerable to security breaches, computer viruses, lost or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 604.25 Td (misplaced data, programming errors, scams, bur) Tj ET Q q 0 0 0 rg BT 251.54 604.25 Td (glary) Tj ET Q q 0 0 0 rg BT 271.44 604.25 Td (, human errors, acts of vandalism, or other events. ) Tj ET Q q 0 0 0 rg BT 473.33 604.25 Td (Alleged or actual data ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 592.25 Td (security breaches can increase costs of doing business, negatively af) Tj ET Q q 0 0 0 rg BT 331.50 592.25 Td (fect customer satisfaction and loyalty) Tj ET Q q 0 0 0 rg BT 480.25 592.25 Td (, expose us to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 580.25 Td (negative publicity) Tj ET Q q 0 0 0 rg BT 130.27 580.25 Td (, individual claims or consumer class actions, administrative, civil or criminal investigations or actions, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 568.25 Td (infringe on proprietary information, any of which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 388.41 568.25 Td (fect on our business, results of operations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 556.25 Td (or financial condition.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 538.25 Td (The impairment of our goodwill, our indefinite-lived intangibles and our other long-lived assets has had, and could in ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 526.25 Td (the future have, a material adverse ef) Tj ET Q q 0 0 0 rg BT 221.41 526.25 Td (fect on our results of operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 508.25 Td (W) Tj ET Q q 0 0 0 rg BT 91.64 508.25 Td (e assess goodwill and other indefinite-lived intangibles for impairment on an annual basis, or more frequently when ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 496.25 Td (events or circumstances indicate that an impairment may have occurred. ) Tj ET Q q 0 0 0 rg BT 350.09 496.25 Td (W) Tj ET Q q 0 0 0 rg BT 358.73 496.25 Td (e assess the carrying value of our long-lived assets ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 484.25 Td (when events or circumstances indicate that an impairment may have occurred.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 466.25 Td (Based on the or) Tj ET Q q 0 0 0 rg BT 145.30 466.25 Td (ganization and management of our business, we determined that each region qualified as reporting units ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 454.25 Td (for the purpose of assessing goodwill for impairment. ) Tj ET Q q 0 0 0 rg BT 275.72 454.25 Td (T) Tj ET Q q 0 0 0 rg BT 281.13 454.25 Td (o determine the fair value of our reporting units in assessing the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 442.25 Td (carrying value of our goodwill for impairment, we use a combination of the discounted cash flow and market approaches. In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 430.25 Td (addition, we are required to evaluate the carrying value of our indefinite-lived, intangible franchise rights at a dealership ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 418.25 Td (level. ) Tj ET Q q 0 0 0 rg BT 83.25 418.25 Td (T) Tj ET Q q 0 0 0 rg BT 88.66 418.25 Td (o test the carrying value of each individual intangible franchise right for impairment, we also use a discounted cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 406.25 Td (flow based approach. Both these analysis are based upon a series of assumptions. See Item 7. Management) Tj ET Q q 0 0 0 rg BT 493.60 406.25 Td (s Discussion and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 394.25 Td (Analysis of Financial Condition and Results of Operation Critical ) Tj ET Q q 0 0 0 rg BT 336.19 394.25 Td (Accounting Policies and ) Tj ET Q q 0 0 0 rg BT 435.89 394.25 Td (Accounting Estimates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 382.25 Td (Goodwill and Intangible Franchise Rights for additional information on our assumptions. If any one of these assumptions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 370.25 Td (changes, or fails to materialize, the resulting decline in our estimated fair value could result in a material non-cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 358.25 Td (impairment char) Tj ET Q q 0 0 0 rg BT 124.63 358.25 Td (ge.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 340.25 Td (W) Tj ET Q q 0 0 0 rg BT 91.64 340.25 Td (e are required to evaluate the carrying value of our long-lived assets at the lowest level of identifiable cash flows. ) Tj ET Q q 0 0 0 rg BT 547.12 340.25 Td (T) Tj ET Q q 0 0 0 rg BT 552.53 340.25 Td (o ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 328.25 Td (test the carrying value of assets to be sold, we generally use independent, third-party appraisals or pending transactions as an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 316.25 Td (estimate of fair value. In the event of an adverse change in the real estate market, the resulting decline in our estimated fair ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 304.25 Td (value could result in a material non-cash impairment char) Tj ET Q q 0 0 0 rg BT 289.29 304.25 Td (ge to the associated long-lived assets.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 286.25 Td (Changes in interest rates could adversely impact our results of operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 268.25 Td (Borrowings under our credit facilities and various other notes payable bear interest based on a floating rate. ) Tj ET Q q 0 0 0 rg BT 514.89 268.25 Td (Therefore, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 256.25 Td (our interest expense would increase with any rise in interest rates. ) Tj ET Q q 0 0 0 rg BT 324.29 256.25 Td (W) Tj ET Q q 0 0 0 rg BT 332.93 256.25 Td (e have entered into derivative transactions to convert a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 244.25 Td (portion of our variable-rate debt to fixed rates to partially mitigate this risk. ) Tj ET Q q 0 0 0 rg BT 362.25 244.25 Td (A) Tj ET Q q 0 0 0 rg BT 368.92 244.25 Td ( rise in interest rates may also have the ef) Tj ET Q q 0 0 0 rg BT 533.95 244.25 Td (fect of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 232.25 Td (depressing demand in the interest rate sensitive aspects of our business, particularly new and used vehicle sales, because ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 220.25 Td (many of our customers finance their vehicle purchases. ) Tj ET Q q 0 0 0 rg BT 281.42 220.25 Td (As a result, a rise in interest rates may have the ef) Tj ET Q q 0 0 0 rg BT 480.05 220.25 Td (fect of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 208.25 Td (simultaneously increasing our costs and reducing our revenues. In addition, we receive credit assistance from certain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 196.25 Td (automobile manufacturers, which is reflected as a reduction in cost of sales on our statements of operations. Please see Item ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 184.25 Td (7A. Quantitative and Qualitative Disclosures about Market Risk for a discussion regarding our interest rate sensitivity) Tj ET Q q 0 0 0 rg BT 534.35 184.25 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 166.25 Td (Natural disasters and adverse weather events can disrupt our business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 148.25 Td (Our dealerships are concentrated in states and regions in the U.S., U.K. and Brazilin which actual or threatened natural ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 136.25 Td (disasters and severe weather events \(such as hurricanes, earthquakes and hail storms\) have in the past, and may in the future, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 124.25 Td (disrupt our dealership operations. ) Tj ET Q q 0 0 0 rg BT 194.81 124.25 Td (A) Tj ET Q q 0 0 0 rg BT 201.48 124.25 Td ( disruption in our operations may adversely impact our business, results of operations, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 112.25 Td (financial condition and cash flows. In addition to business interruption, the automotive retailing business is subject to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 100.25 Td (substantial risk of property loss due to the significant concentration of property at dealership locations. ) Tj ET Q q 0 0 0 rg BT 471.68 100.25 Td (Although we have, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 88.25 Td (subject to certain limitations and exclusions, substantial insurance, including business interruption insurance, we may be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 76.25 Td (exposed to uninsured or underinsured losses that could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 384.83 76.25 Td (fect on our business, results of operations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 64.25 Td (and financial condition.) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (24) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 742.25 Td (Our insurance does not fully cover all of our operational risks, and changes in the cost of insurance or the availability ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 730.25 Td (of insurance could materially increase our insurance costs or result in a decrease in our insurance coverage.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 712.25 Td (The operation of automobile dealerships is subject to compliance with a wide range of laws and regulations and is subject ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 700.25 Td (to a broad variety of risks. ) Tj ET Q q 0 0 0 rg BT 166.29 700.25 Td (While we have insurance on our real property) Tj ET Q q 0 0 0 rg BT 348.62 700.25 Td (, comprehensive coverage for our vehicle inventory) Tj ET Q q 0 0 0 rg BT 554.27 700.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 688.25 Td (general liability insurance, workers) Tj ET Q q 0 0 0 rg BT 202.65 688.25 Td ( compensation insurance, employee dishonesty coverage, employment practices liability ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 676.25 Td (insurance, pollution coverage and errors and omissions insurance in connection with vehicle sales and financing activities, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 664.25 Td (we are self-insured for a portion of our potential liabilities. ) Tj ET Q q 0 0 0 rg BT 296.25 664.25 Td (W) Tj ET Q q 0 0 0 rg BT 304.88 664.25 Td (e purchase insurance policies for worker) Tj ET Q q 0 0 0 rg BT 467.13 664.25 Td () Tj ET Q q 0 0 0 rg BT 469.91 664.25 Td (s compensation, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 652.25 Td (liability) Tj ET Q q 0 0 0 rg BT 89.46 652.25 Td (, auto physical damage, property) Tj ET Q q 0 0 0 rg BT 219.32 652.25 Td (, pollution, employee medical benefits and other risks consisting of lar) Tj ET Q q 0 0 0 rg BT 500.74 652.25 Td (ge deductibles ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 640.25 Td (and/or self-insured retentions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 622.25 Td (In certain instances, our insurance may not fully cover an insured loss depending on the magnitude and nature of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 610.25 Td (claim. ) Tj ET Q q 0 0 0 rg BT 85.66 610.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 135.56 610.25 Td (, changes in the cost of insurance or the availability of insurance in the future could substantially increase ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 598.25 Td (our costs to maintain our current level of coverage or could cause us to reduce our insurance coverage and increase the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 586.25 Td (portion of our risks that we self-insure.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 568.25 Td (Our indebtedness and the associated covenants could materially adversely af) Tj ET Q q 0 0 0 rg BT 382.52 568.25 Td (fect our ability to obtain additional ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 556.25 Td (financing, including for acquisitions and capital expenditures, limit our flexibility to manage our business, prevent us ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 544.25 Td (from fulfilling our financial obligations and restrict our use of capital.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 526.25 Td (Our indebtedness could impact us, in the following ways:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 508.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 508.25 Td (our ability to obtain additional financing for acquisitions, capital expenditures, working capital or general ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 496.25 Td (corporate purposes may be impaired in the future;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 478.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 478.25 Td (a portion of our current cash flow from operations must be dedicated to the payment of principal on our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 466.25 Td (indebtedness, thereby reducing the funds available to us for our operations and other corporate purposes;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 448.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 448.25 Td (some of our borrowings are and will continue to be at variable rates of interest, which exposes us to the risk of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 436.25 Td (increasing interest rates;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 418.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 418.25 Td (we may be more leveraged than some of our competitors, which may place us at a relative competitive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 406.25 Td (disadvantage and make us more vulnerable to changing market conditions and regulations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 388.25 Td (Our debt instruments contain numerous covenants that limit our discretion with respect to business matters, including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 376.25 Td (mer) Tj ET Q q 0 0 0 rg BT 74.37 376.25 Td (gers or acquisitions, paying dividends, repurchasing our common stock, international investments, incurring additional ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 364.25 Td (debt or disposing of assets. ) Tj ET Q q 0 0 0 rg BT 169.00 364.25 Td (A) Tj ET Q q 0 0 0 rg BT 175.67 364.25 Td ( breach of any of these covenants could result in a default under the applicable agreement or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 352.25 Td (indenture. In addition, a default under one agreement or indenture could result in a default and acceleration of our repayment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 340.25 Td (obligations under the other agreements or indentures under the cross default provisions in those agreements or indentures. If ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 328.25 Td (a default or cross default were to occur) Tj ET Q q 0 0 0 rg BT 214.36 328.25 Td (, we may be required to renegotiate the terms of our indebtedness, which would likely ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 316.25 Td (be on less favorable terms than our current terms and cause us to incur additional fees to process. ) Tj ET Q q 0 0 0 rg BT 449.16 316.25 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 501.27 316.25 Td (, we may not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 304.25 Td (be able to pay our debts or borrow suf) Tj ET Q q 0 0 0 rg BT 211.00 304.25 Td (ficient funds to refinance them. ) Tj ET Q q 0 0 0 rg BT 338.18 304.25 Td (As a result of this risk, we could be forced to take ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 292.25 Td (actions that we otherwise would not take, or not take actions that we otherwise might take, in order to comply with the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 280.25 Td (covenants in these agreements and indentures.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 262.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.15 262.25 Td (e are subject to risks associated with our non-U.S. operations that could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 481.54 262.25 Td (fect on our ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 250.25 Td (business, results of operations and financial condition. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 232.25 Td (Over the past several years, we have significantly increased our operations outside the U.S. Expanding our operations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 220.25 Td (in the U.K. and Brazil are important elements of our growth strategy) Tj ET Q q 0 0 0 rg BT 332.44 220.25 Td (. Operations outside of the U.S. are subject to various ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 208.25 Td (risks which may not be present or as significant for operations within U.S. markets, and our exposure to these risks increases ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 196.25 Td (as we expand. Government actions, both in terms of policy-setting as well as actions directly af) Tj ET Q q 0 0 0 rg BT 440.10 196.25 Td (fecting our operations, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 184.25 Td (economic uncertainty in some geographic regions in which we operate, such as emer) Tj ET Q q 0 0 0 rg BT 397.87 184.25 Td (ging markets, could result in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 172.25 Td (disruption of markets and negatively af) Tj ET Q q 0 0 0 rg BT 215.72 172.25 Td (fect our results of operations and cash flows in those areas. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 154.25 Td (Risks inherent in our international operations include, but are not limited to: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 136.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 136.25 Td (exposure to local economic conditions;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 118.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 118.25 Td (wage inflation in emer) Tj ET Q q 0 0 0 rg BT 194.06 118.25 Td (ging markets;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 100.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 100.25 Td (social plans that prohibit or increase the cost of certain restructuring actions;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 82.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 82.25 Td (increases in working capital requirements related to long supply chains or regional terms of business;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 64.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 64.25 Td (currency exchange controls;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 46.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 46.25 Td (exposure to currency and exchange rate fluctuations;) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 742.10 Td (variations in protection of legal rights;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 724.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 724.10 Td (import or export licensing requirements;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 706.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 706.10 Td (the dif) Tj ET Q q 0 0 0 rg BT 129.64 706.10 Td (ficulty of enforcing agreements and collecting receivables through certain foreign legal systems;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 688.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 688.10 Td (restrictions on transfer or repatriation of funds and trade protection matters, including antidumping duties, tarif) Tj ET Q q 0 0 0 rg BT 547.03 688.10 Td (fs, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 676.10 Td (embar) Tj ET Q q 0 0 0 rg BT 128.80 676.10 Td (goes and other laws and regulations creating tax inef) Tj ET Q q 0 0 0 rg BT 339.11 676.10 Td (ficiencies and prohibitions or restrictions on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 664.10 Td (acquisitions or joint ventures; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 646.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 646.10 Td (increased risk of corruption; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 628.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 628.10 Td (changes in laws and regulations, including the laws and policies of the U.S. af) Tj ET Q q 0 0 0 rg BT 415.97 628.10 Td (fecting trade and foreign ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 616.10 Td (investment; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 598.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 598.10 Td (more expansive legal rights of foreign labor unions; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 580.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 580.10 Td (the potential for nationalization of enterprises;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 562.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 562.10 Td (exposure to local public health concerns and the resultant impact on economic and political conditions; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 544.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 544.10 Td (transparency issues in general and, more specifically) Tj ET Q q 0 0 0 rg BT 314.10 544.10 Td (, the U.S. Foreign Corrupt Practices ) Tj ET Q q 0 0 0 rg BT 459.36 544.10 Td (Act, the U.K. Bribery ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 532.10 Td (Act, and other anti-corruption compliance laws and issues;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 514.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 514.10 Td (unsettled social and political conditions, in general, and possible terrorist attacks, drug cartel related violence or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 502.10 Td (acts of war) Tj ET Q q 0 0 0 rg BT 147.47 502.10 Td (, civil unrest, expansion of hostilities and other political risks; and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 484.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 484.10 Td (lack of franchise protection, which creates greater competition. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 466.10 Td (The likelihood of these occurrences and their potential ef) Tj ET Q q 0 0 0 rg BT 314.06 466.10 Td (fect on us vary from country to country and are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 454.10 Td (unpredictable. ) Tj ET Q q 0 0 0 rg BT 118.24 454.10 Td (These and other factors may have a material adverse ef) Tj ET Q q 0 0 0 rg BT 338.22 454.10 Td (fect on our international operations and, therefore, on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 442.10 Td (our business, results of operations and financial condition, which may become more pronounced as we expand our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 430.10 Td (international presence. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 412.10 Td (Our Consolidated Financial Statements reflect that our results of operations and financial position are reported in local ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 400.10 Td (currency and are converted into U.S. dollars at the applicable currency rate. Fluctuations in such currency rates may have a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 388.10 Td (material ef) Tj ET Q q 0 0 0 rg BT 101.85 388.10 Td (fect on our results of operations or financial position as reported in U.S. dollars. See Item 7A. Quantitative and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 376.10 Td (Qualitative Disclosures ) Tj ET Q q 0 0 0 rg BT 154.54 376.10 Td (About Market Risk Foreign Currency Exchange Rates for additional information on foreign ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 364.10 Td (currency exchange rate sensitivity) Tj ET Q q 0 0 0 rg BT 194.68 364.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 346.10 Td (Our growth in emerging markets, such as Brazil, is subject to special risks that could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 527.01 346.10 Td (fect on ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 334.10 Td (our operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.50 316.10 Td (Many emer) Tj ET Q q 0 0 0 rg BT 127.13 316.10 Td (ging markets have experienced growth rates in excess of the world's lar) Tj ET Q q 0 0 0 rg BT 412.27 316.10 Td (gest markets, leading to an increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 304.10 Td (contribution to the industry's global performance. ) Tj ET Q q 0 0 0 rg BT 258.81 304.10 Td (As a result, we have been employing strategies to grow in emer) Tj ET Q q 0 0 0 rg BT 512.45 304.10 Td (ging ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 292.10 Td (markets. Executing on this growth strategy) Tj ET Q q 0 0 0 rg BT 229.98 292.10 Td (, we acquired UAB Motors Participaes S.A. \(UAB Motors\) in February 2013, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 280.10 Td (which allowed us to enter the Brazilian market. ) Tj ET Q q 0 0 0 rg BT 250.70 280.10 Td (There is no assurance that our growth strategies in an emer) Tj ET Q q 0 0 0 rg BT 485.99 280.10 Td (ging market, such ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 268.10 Td (as Brazil, will be successful or that Brazil will continue to sustain growth rates. In addition, Brazil, as an emer) Tj ET Q q 0 0 0 rg BT 498.98 268.10 Td (ging market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 256.10 Td (country may be particularly vulnerable to periods of financial instability or significant currency fluctuations as discussed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 244.10 Td (above under ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 115.08 244.10 Td (W) Tj ET Q q 0 0 0 rg BT 122.50 244.10 Td (e ar) Tj ET Q q 0 0 0 rg BT 137.96 244.10 Td (e subject to risks associated with our non-U.S. operations that could have an adverse effect on our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 232.10 Td (business, r) Tj ET Q q 0 0 0 rg BT 101.41 232.10 Td (esults of operations and financial condition) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.57 232.10 Td (, which can adversely af) Tj ET Q q 0 0 0 rg BT 376.73 232.10 Td (fect our results. Further) Tj ET Q q 0 0 0 rg BT 470.19 232.10 Td (, our growth in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 220.10 Td (emer) Tj ET Q q 0 0 0 rg BT 78.80 220.10 Td (ging markets by acquisition of existing dealerships, such as our acquisition of UAB Motors, is subject to additional risk ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 208.10 Td (as discussed under ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 140.37 208.10 Td (Our ability to acquir) Tj ET Q q 0 0 0 rg BT 223.05 208.10 Td (e new dealerships and successfully integrate those dealerships into our business ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 196.10 Td (could adversely affect the gr) Tj ET Q q 0 0 0 rg BT 172.48 196.10 Td (owth of our r) Tj ET Q q 0 0 0 rg BT 224.62 196.10 Td (evenues and earnings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.83 196.10 Td ( above.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 178.10 Td (Certain restrictions relating to our management and ownership of our common stock could deter prospective acquirers ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 166.10 Td (from acquiring control of us and adversely af) Tj ET Q q 0 0 0 rg BT 254.77 166.10 Td (fect our ability to engage in equity of) Tj ET Q q 0 0 0 rg BT 405.96 166.10 Td (ferings.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 148.10 Td (As a condition to granting their consent to our previous acquisitions and our initial public of) Tj ET Q q 0 0 0 rg BT 451.36 148.10 Td (fering, some of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 136.10 Td (manufacturers have imposed other restrictions on us. ) Tj ET Q q 0 0 0 rg BT 272.65 136.10 Td (These restrictions prohibit, among other things:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 118.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 118.10 Td (any one person, who in the opinion of the manufacturer is unqualified to own its franchised dealership or has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 106.10 Td (interests incompatible with the manufacturer) Tj ET Q q 0 0 0 rg BT 282.43 106.10 Td (, from acquiring more than a specified percentage of our common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 94.10 Td (stock \(ranging from 20% to 50% depending on the particular manufacturer) Tj ET Q q 0 0 0 rg BT 403.72 94.10 Td () Tj ET Q q 0 0 0 rg BT 406.50 94.10 Td (s restrictions\) and this trigger level ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 82.10 Td (can fall to as low as 5% if another vehicle manufacturer is the entity acquiring the ownership interest or voting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 70.10 Td (rights;) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 742.10 Td (certain material changes in our business or extraordinary corporate transactions such as a mer) Tj ET Q q 0 0 0 rg BT 477.84 742.10 Td (ger or sale of a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 730.10 Td (material amount of our assets;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 712.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 712.10 Td (the removal of a dealership general manager without the consent of the manufacturer;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 694.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 694.10 Td (a change in control of our Board of Directors or a change in management.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 676.10 Td (Our manufacturers may also impose additional similar restrictions on us in the future. ) Tj ET Q q 0 0 0 rg BT 427.37 676.10 Td (Actions by our stockholders or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 664.10 Td (prospective stockholders, which would violate any of the above restrictions, are generally outside our control. If we are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 652.10 Td (unable to comply with or renegotiate these restrictions, we may be forced to terminate or sell one or more franchises, which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 640.10 Td (could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 187.92 640.10 Td (fect on our business. ) Tj ET Q q 0 0 0 rg BT 272.44 640.10 Td (These restrictions may prevent or deter prospective acquirers from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 628.10 Td (acquiring control of us and, therefore, may adversely impact the value of our common stock. ) Tj ET Q q 0 0 0 rg BT 432.03 628.10 Td (These restrictions also may ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 616.10 Td (impede our ability to acquire dealership groups, to raise required capital or to issue our stock as consideration for future ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 604.10 Td (acquisitions.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 586.10 Td (Our certificate of incorporation, bylaws and franchise agreements contain provisions that make a takeover of us ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.00 574.10 Td (dif) Tj ET Q q 0 0 0 rg BT 78.93 574.10 Td (ficult.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 556.10 Td (Our certificate of incorporation and bylaws could make it more dif) Tj ET Q q 0 0 0 rg BT 349.39 556.10 Td (ficult for a third party to acquire control of us, even ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 544.10 Td (if such change of control would be beneficial to our stockholders. ) Tj ET Q q 0 0 0 rg BT 323.74 544.10 Td (These include provisions:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 526.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 526.10 Td (providing for a Board of Directors with staggered, three-year terms, permitting the removal of a non-employee ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 514.10 Td (director from of) Tj ET Q q 0 0 0 rg BT 167.68 514.10 Td (fice only for cause;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 496.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 496.10 Td (allowing only the Board of Directors to set the number of non-employee directors;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 478.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 478.10 Td (requiring super) Tj ET Q q 0 0 0 rg BT 164.62 478.10 Td (-majority or class voting to af) Tj ET Q q 0 0 0 rg BT 283.02 478.10 Td (fect certain amendments to our certificate of incorporation and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 466.10 Td (bylaws;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 448.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 448.10 Td (limiting the persons who may call special stockholders) Tj ET Q q 0 0 0 rg BT 325.71 448.10 Td ( meetings;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 430.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 430.10 Td (limiting stockholder action by written consent; and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 412.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 412.10 Td (establishing advance notice requirements for nominations for election to the Board of Directors or for proposing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 400.10 Td (matters that can be acted upon at stockholders) Tj ET Q q 0 0 0 rg BT 290.69 400.10 Td ( meetings.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 382.10 Td (In addition, our certificate of incorporation authorizes us to issue blank check preferred stock, the designation, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 370.10 Td (number) Tj ET Q q 0 0 0 rg BT 89.15 370.10 Td (, voting powers, preferences, and rights of which may be fixed or altered from time to time by our Board of Directors. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 358.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 108.34 358.10 Td (, the Board of Directors has the authority) Tj ET Q q 0 0 0 rg BT 271.53 358.10 Td (, without stockholder approval, to issue preferred stock with rights that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 346.10 Td (could materially adversely af) Tj ET Q q 0 0 0 rg BT 175.16 346.10 Td (fect the voting power or other rights of the common stock holders or the market value of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 334.10 Td (common stock and prevent a change of our control.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 316.10 Td (Finally) Tj ET Q q 0 0 0 rg BT 110.69 316.10 Td (, certain of our franchise agreements prohibit the acquisition of more than a specified percentage of our common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 304.10 Td (stock without the consent of the relevant manufacturer) Tj ET Q q 0 0 0 rg BT 276.43 304.10 Td (. ) Tj ET Q q 0 0 0 rg BT 281.25 304.10 Td (These terms of our franchise agreements could also make it more ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 292.10 Td (dif) Tj ET Q q 0 0 0 rg BT 69.93 292.10 Td (ficult for a third party to acquire control of us.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 254.31 292.10 Td ( ) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (27) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.25 Td (Item 1B. Unr) Tj ET Q q 0 0 0 rg BT 106.20 736.25 Td (esolved Staff Comments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 718.25 Td (None.) Tj ET Q endstream endobj 61 0 obj <>] /Rotate 0 /Contents 62 0 R>> endobj 62 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (28) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.25 Td (Item2. Pr) Tj ET Q q 0 0 0 rg BT 92.86 736.25 Td (operties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.73 736.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 718.25 Td (e presently lease our corporate headquarters, which is located at 800 Gessner) Tj ET Q q 0 0 0 rg BT 388.39 718.25 Td (, Suite 500, Houston, ) Tj ET Q q 0 0 0 rg BT 475.16 718.25 Td (T) Tj ET Q q 0 0 0 rg BT 480.57 718.25 Td (exas. In addition, as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.83 706.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.41 706.25 Td (, we had ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.51 706.25 Td (188) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.51 706.25 Td ( franchises situated in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.93 706.25 Td (148) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.93 706.25 Td ( dealership locations throughout the U.S., U.K. and Brazil. ) Tj ET Q q 0 0 0 rg BT 531.28 706.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 694.25 Td (, we leased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.23 694.25 Td (84) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.23 694.25 Td ( of these dealership locations and owned the remainder) Tj ET Q q 0 0 0 rg BT 404.60 694.25 Td (. ) Tj ET Q q 0 0 0 rg BT 409.42 694.25 Td (W) Tj ET Q q 0 0 0 rg BT 418.06 694.25 Td (e have one location in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (Massachusetts, one location in ) Tj ET Q q 0 0 0 rg BT 174.15 682.25 Td (Alabama and one location in California where we lease the land, but own the building facilities. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (These locations are included in the leased column of the table below) Tj ET Q q 0 0 0 rg BT 322.87 670.25 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.37 670.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 625.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 125.50 625.75 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 625.75 232.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 625.75 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 625.75 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 625.75 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 625.75 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 597.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 125.50 597.75 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 597.75 232.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 597.75 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 597.75 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 597.75 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 597.75 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 569.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 125.50 569.75 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 569.75 232.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 569.75 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 569.75 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 569.75 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 569.75 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 541.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 125.50 541.75 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 541.75 232.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 541.75 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 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1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 639.75 m 471.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 639.75 m 561.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 625.75 m 463.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 625.75 m 561.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 471.75 m 463.5 471.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 457.75 m 463.5 457.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 471.75 m 561.5 471.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 457.75 m 561.5 457.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 387.75 m 463.5 387.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 387.75 m 561.5 387.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 373.75 m 463.5 373.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 373.75 m 561.5 373.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 345.75 m 463.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 345.75 m 561.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 332.75 m 463.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 330.75 m 463.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 332.75 m 561.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 330.75 m 561.5 330.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 644.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.00 644.21 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.50 644.20 Td (Dealerships) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 52 628.796337890625 m 79 628.796337890625 l s q 0 0 0 rg BT 52.00 630.20 Td (Region) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 136 628.796337890625 m 217.24609375 628.796337890625 l s q 0 0 0 rg BT 136.00 630.20 Td (GeographicLocation) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.20 630.20 Td (Owned) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.50 630.20 Td (Leased) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 617.01 Td (East) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.00 616.21 Td (Georgia) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.50 616.21 Td (7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.50 616.21 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.00 602.21 Td (Massachusetts) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.50 602.21 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.50 602.21 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.00 588.21 Td (New Jersey) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.50 588.21 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.50 588.21 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.00 574.21 Td (Louisiana) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.50 574.21 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 574.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.00 560.21 Td (Mississippi) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.50 560.21 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 560.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.00 546.21 Td (Florida) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.50 546.21 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.50 546.21 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.00 532.21 Td (SouthCarolina) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.50 532.21 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.50 532.21 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.00 518.21 Td (Maryland) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.50 518.21 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 518.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.00 504.21 Td (Alabama) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.50 504.21 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.50 504.21 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.00 490.21 Td (New York) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.50 490.21 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.50 490.21 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.00 476.21 Td (NewHampshire) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.50 476.21 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.50 476.21 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.00 462.21 Td (33) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 462.21 Td (15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 449.01 Td (West) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.00 448.21 Td (Texas) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.00 448.21 Td (13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 448.21 Td (30) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.00 434.21 Td (Kansas) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.50 434.21 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 434.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.00 420.21 Td (Oklahoma) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.50 420.21 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 420.21 Td (11) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.00 406.21 Td (California) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.50 406.21 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.50 406.21 Td (6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.00 392.21 Td (Louisiana) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.50 392.21 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 392.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.00 378.21 Td (21) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 378.21 Td (47) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 365.01 Td (International) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.00 364.21 Td (UnitedKingdom) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.00 364.21 Td (10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.50 364.21 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.00 350.21 Td (Brazil) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.00 350.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 350.21 Td (18) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 58.00 337.01 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.00 336.21 Td (64) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 336.21 Td (84) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 314.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 314.25 Td (e use a number of facilities to conduct our dealership operations. Each of our dealerships may include facilities for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 302.25 Td (\(1\)new and used vehicle sales, \(2\)vehicle service operations, \(3\)retail and wholesale parts operations, \(4\)collision service ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 290.25 Td (operations, \(5\)storage and \(6\)general of) Tj ET Q q 0 0 0 rg BT 213.36 290.25 Td (fice use. Prior to 2005, we tried to structure our operations so as to avoid the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 278.25 Td (ownership of real property) Tj ET Q q 0 0 0 rg BT 155.70 278.25 Td (. In connection with our dealership acquisitions, we generally sought to lease, rather than acquire, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 266.25 Td (facilities on which the acquired dealerships were located. ) Tj ET Q q 0 0 0 rg BT 281.11 266.25 Td (W) Tj ET Q q 0 0 0 rg BT 289.75 266.25 Td (e generally entered into lease agreements with respect to such ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 254.25 Td (facilities that have 30-year total terms, consisting of 15-year initial terms and three five-year option periods, at our option. ) Tj ET Q q 0 0 0 rg BT 539.85 254.25 Td (As a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 242.25 Td (result, we lease the majority of our facilities under long-term operating leases. See Note18 to our Consolidated Financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 230.25 Td (Statements, Operating Leases.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 212.25 Td (Since 2005, Group 1 Realty) Tj ET Q q 0 0 0 rg BT 184.72 212.25 Td (, Inc., one of our wholly-owned subsidiaries, has typically acquired the property in connection ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 200.25 Td (with our U.S. dealership acquisitions and relocations and acts as the landlord for those dealership operations. For the year ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 188.25 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.38 188.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.96 188.25 Td (, we acquired $87.9 million of real estate, of which $49.2 million was purchased in conjunction with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 176.25 Td (our dealership acquisitions. ) Tj ET Q q 0 0 0 rg BT 162.02 176.25 Td (W) Tj ET Q q 0 0 0 rg BT 171.05 176.25 Td (ith these acquisitions, the capitalized value of the real estate used in operations that we owned ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 164.25 Td (was $618.4 million as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.10 164.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.69 164.25 Td (. Of this total, $539.7 million is mortgaged through our Real Estate Credit Facility ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 152.25 Td (or another real estate related borrowing arrangement. ) Tj ET Q q 0 0 0 rg BT 264.72 152.25 Td (W) Tj ET Q q 0 0 0 rg BT 273.35 152.25 Td (e do not believe that any single facility is material to our operations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 140.25 Td (and, if necessary) Tj ET Q q 0 0 0 rg BT 116.26 140.25 Td (, we would obtain a replacement facility) Tj ET Q q 0 0 0 rg BT 276.39 140.25 Td (.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 63 0 obj <>] /Rotate 0 /Contents 64 0 R>> endobj 64 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (29) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.25 Td (Item 3. Legal Pr) Tj ET Q q 0 0 0 rg BT 119.24 736.25 Td (oceedings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 718.25 Td (From time to time, our dealerships are named in various types of litigation involving customer claims, employment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (matters, class action claims, purported class action claims, as well as claims involving the manufacturer of automobiles, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (contractual disputes and other matters arising in the ordinary course of business. Due to the nature of the automotive retailing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (business, we may be involved in legal proceedings or suf) Tj ET Q q 0 0 0 rg BT 278.10 682.25 Td (fer losses that could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 464.50 682.25 Td (fect on our business. In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (the normal course of business, we are required to respond to customer) Tj ET Q q 0 0 0 rg BT 329.52 670.25 Td (, employee and other third-party complaints. ) Tj ET Q q 0 0 0 rg BT 509.47 670.25 Td (Amounts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (that have been accrued or paid related to the settlement of litigation are included in Selling, General and ) Tj ET Q q 0 0 0 rg BT 467.90 658.25 Td (Administrative ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (expenses \("SG&A"\) in our Consolidated Statements of Operations. In addition, the manufacturers of the vehicles that we sell ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (and service have audit rights allowing them to review the validity of amounts claimed for incentive, rebate or warranty-related ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (items and char) Tj ET Q q 0 0 0 rg BT 108.13 622.25 Td (ge us back for amounts determined to be invalid payments under the manufacturers) Tj ET Q q 0 0 0 rg BT 443.95 622.25 Td ( programs, subject to our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (right to appeal any such decision. ) Tj ET Q q 0 0 0 rg BT 185.80 610.25 Td (Amounts that have been accrued or paid related to the settlement of manufacturer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 598.25 Td (gebacks of recognized incentives and rebates are included in cost of sales in our Consolidated Statements of Operations, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (while such amounts for manufacturer char) Tj ET Q q 0 0 0 rg BT 218.92 586.25 Td (gebacks of recognized warranty-related items are included as a reduction of revenues ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (in our Consolidated Statements of Operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 556.25 Td (San Diego Superior Court Matter) Tj ET Q q 0 0 0 rg BT 207.89 556.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.39 556.25 Td ( In December 201) Tj ET Q q 0 0 0 rg BT 281.93 556.25 Td (1, an adverse jury verdict was rendered against us in the San Diego ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (County Superior Court, awarding $7.5 million to the plaintif) Tj ET Q q 0 0 0 rg BT 291.46 544.25 Td (f who sought reimbursement for medical expenses, lost wages and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (pain and suf) Tj ET Q q 0 0 0 rg BT 98.70 532.25 Td (fering arising from an accident involving one of our customer shuttle vans and the plaintif) Tj ET Q q 0 0 0 rg BT 458.42 532.25 Td (f) Tj ET Q q 0 0 0 rg BT 462.30 532.25 Td () Tj ET Q q 0 0 0 rg BT 465.08 532.25 Td (s motorcycle. Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (insurance covered any loss in excess of its $1.0 million self-insured retention relative to this matter) Tj ET Q q 0 0 0 rg BT 445.45 520.25 Td (. ) Tj ET Q q 0 0 0 rg BT 450.27 520.25 Td (W) Tj ET Q q 0 0 0 rg BT 458.91 520.25 Td (e fully accrued the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (amount of the award and the related insurance char) Tj ET Q q 0 0 0 rg BT 254.17 508.25 Td (ge as a current account receivable and a current accrued expense, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 496.25 Td (, in the Consolidated Balance Sheet as of December 31, 201) Tj ET Q q 0 0 0 rg BT 337.22 496.25 Td (1. During the third quarter of 2013, the insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (company settled this matter with the plaintif) Tj ET Q q 0 0 0 rg BT 226.45 484.25 Td (f, we paid our self-insured retention and the full amount of the current account ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (receivable and current accrued expense was settled as originally anticipated.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 454.25 Td (Delawar) Tj ET Q q 0 0 0 rg BT 108.63 454.25 Td (e Unclaimed Pr) Tj ET Q q 0 0 0 rg BT 171.57 454.25 Td (operty Matter) Tj ET Q q 0 0 0 rg BT 225.73 454.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.23 454.25 Td ( Beginning in late 2012, we were notified by the Department of State of the State ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (of Delaware of a new program called the Delaware Unclaimed Property ) Tj ET Q q 0 0 0 rg BT 339.97 442.25 Td (V) Tj ET Q q 0 0 0 rg BT 345.90 442.25 Td (oluntary Disclosure Program \(VDA) Tj ET Q q 0 0 0 rg BT 492.81 442.25 Td ( Program\), and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (encouraged to enroll in this program as an alternative to a potential unclaimed property audit by the Delaware Department of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (Finance. Unclaimed property such as payroll, accounts payable, gift cards, accounts receivable credit balances and equity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (related property on our books and records to a payee, vendor) Tj ET Q q 0 0 0 rg BT 292.57 406.25 Td (, customer or shareholder is generally subject to state escheat laws. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (Because of our Delaware registered business entities, certain unclaimed property may be escheatable to the State of Delaware. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.87 382.25 Td (VDA) Tj ET Q q 0 0 0 rg BT 88.98 382.25 Td ( Program would limit our exposure, by limiting the time frame under review) Tj ET Q q 0 0 0 rg BT 393.54 382.25 Td (, as well as penalties and interest, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (allowing us to self-review our Delaware entities and make a report of our findings for review and approval by the State of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (Delaware. In May 2013, we elected to join the ) Tj ET Q q 0 0 0 rg BT 237.81 358.25 Td (VDA) Tj ET Q q 0 0 0 rg BT 258.92 358.25 Td ( Program, and we have initiated our internal review) Tj ET Q q 0 0 0 rg BT 464.03 358.25 Td (. If we are unable to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (resolve this matter to the mutual satisfaction of us and the State of Delaware, the State of Delaware could pursue its own audit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (and make a determination of potential liability) Tj ET Q q 0 0 0 rg BT 234.85 334.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 316.25 Td (Notwithstanding the foregoing, we are not party to any legal proceedings, including class action lawsuits that, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (individually or in the aggregate, are reasonably expected to have a material adverse ef) Tj ET Q q 0 0 0 rg BT 393.55 304.25 Td (fect on our results of operations, financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (condition or cash flows. However) Tj ET Q q 0 0 0 rg BT 184.84 292.25 Td (, the results of these matters cannot be predicted with certainty and an unfavorable resolution ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (of one or more of these matters could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 306.37 280.25 Td (fect on our results of operations or financial condition.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.37 280.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (Item4. Mine Safety Disclosur) Tj ET Q q 0 0 0 rg BT 176.19 262.25 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 244.25 Td (Not ) Tj ET Q q 0 0 0 rg BT 90.95 244.25 Td (Applicable.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 65 0 obj <>] /Rotate 0 /Contents 66 0 R>> endobj 66 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (30) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 287.85 736.25 Td (P) Tj ET Q q 0 0 0 rg BT 293.22 736.25 Td (AR) Tj ET Q q 0 0 0 rg BT 307.31 736.25 Td (T) Tj ET Q q 0 0 0 rg BT 313.80 736.25 Td (II) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (Item5. Market for) Tj ET Q q 0 0 0 rg BT 129.79 700.25 Td ( Company) Tj ET Q q 0 0 0 rg BT 176.92 700.25 Td (s Common Equity) Tj ET Q q 0 0 0 rg BT 253.60 700.25 Td (, Related Stockholder) Tj ET Q q 0 0 0 rg BT 345.36 700.25 Td ( Matters and Issuer) Tj ET Q q 0 0 0 rg BT 428.78 700.25 Td ( Pur) Tj ET Q q 0 0 0 rg BT 447.21 700.25 Td (chases of Equity Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 682.25 Td (Our common stock is listed on the New ) Tj ET Q q 0 0 0 rg BT 234.72 682.25 Td (Y) Tj ET Q q 0 0 0 rg BT 240.94 682.25 Td (ork Stock Exchange under the symbol GPI. ) Tj ET Q q 0 0 0 rg BT 425.71 682.25 Td (There were 54 holders of record ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (of our common stock as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.42 670.25 Td (February25, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.02 670.25 Td (. ) Tj ET Q q 0 0 0 rg BT 237.47 670.25 Td (A) Tj ET Q q 0 0 0 rg BT 244.14 670.25 Td ( substantially greater number of holders of our common stock are street ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (name or beneficial holders, whose shares are held of record by banks, brokers, and other financial institutions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 640.25 Td (The following table presents the quarterly high and low sales prices for our common stock, as reported on the New ) Tj ET Q q 0 0 0 rg BT 535.45 640.25 Td (Y) Tj ET Q q 0 0 0 rg BT 541.67 640.25 Td (ork ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (Stock Exchange Composite ) Tj ET Q q 0 0 0 rg BT 162.86 628.25 Td (T) Tj ET Q q 0 0 0 rg BT 168.27 628.25 Td (ape under the symbol GPI and dividends paid per common share for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.63 628.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.63 628.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.07 628.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.07 628.25 Td (:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.85 628.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 591.75 275.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 591.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 591.75 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 591.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 591.75 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 591.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 591.75 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 578.75 275.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 564.75 275.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 564.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 564.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 564.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 564.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 564.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 564.75 75.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 550.75 275.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 536.75 275.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 536.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 536.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 536.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 536.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 536.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 536.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 509.75 275.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 509.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 509.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 509.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 509.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 509.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 509.75 75.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 495.75 275.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 481.75 275.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 481.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 481.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 481.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 481.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 481.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 481.75 75.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 467.75 275.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 591.75 m 404.5 591.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 591.75 m 483.5 591.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 591.75 m 562.5 591.75 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 358.05 595.98 Td (High) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 437.90 595.98 Td (Low) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.35 603.83 Td (Dividends) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 509.20 595.83 Td (Declar) Tj ET Q q 0 0 0 rg BT 531.71 595.83 Td (ed) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 582.48 Td (2012:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 569.32 Td (First Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.00 569.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 569.32 Td (57.71) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 569.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 569.32 Td (47.95) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 569.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 569.32 Td (0.14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 555.32 Td (Second Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 555.32 Td (59.97) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 555.32 Td (43.63) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 555.32 Td (0.15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 541.32 Td (Third Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 541.32 Td (61.06) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 541.32 Td (44.98) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 541.32 Td (0.15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 527.32 Td (Fourth Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 527.32 Td (65.99) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 527.32 Td (57.31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 527.32 Td (0.15) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 513.48 Td (2013:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 500.32 Td (First Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.00 500.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 500.32 Td (69.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 500.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 500.32 Td (57.51) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 500.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 500.32 Td (0.15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 486.32 Td (Second Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 486.32 Td (66.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 486.32 Td (54.91) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 486.32 Td (0.16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 472.32 Td (Third Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 472.32 Td (82.40) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 472.32 Td (64.36) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 472.32 Td (0.17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 458.32 Td (Fourth Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 458.32 Td (78.54) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 458.32 Td (61.20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 458.32 Td (0.17) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 436.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 436.25 Td (e expect comparable cash dividends to be paid in the future. However) Tj ET Q q 0 0 0 rg BT 361.02 436.25 Td (, payment of dividends in the future is subject to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (the discretion of our Board of Directors after considering our results of operations, financial condition, cash flows, capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (requirements, outlook for our business, general business conditions, the political and legislative environments and other factors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 394.25 Td (Further) Tj ET Q q 0 0 0 rg BT 103.04 394.25 Td (, we are limited under the terms of the Revolving Credit Facility and Real Estate Credit Facility in our ability to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (make cash dividend payments to our stockholders and to repurchase shares of our outstanding common stock, based primarily ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (on our quarterly net income or loss. ) Tj ET Q q 0 0 0 rg BT 194.41 370.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.86 370.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.44 370.25 Td (, the Restricted Payment Basket under both facilities was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.94 370.25 Td ($164.0 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 358.25 Td (. ) Tj ET Q q 0 0 0 rg BT 83.71 358.25 Td (The Restricted Payment Basket ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.01 358.25 Td (will increase in the future periods by 50.0% of our future cumulative net income, plus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (the net proceeds received from the sale of our capital stock, and decrease by the amount of future payments for cash dividends ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (and share repurchases) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 137.73 334.25 Td (. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 67 0 obj <>] /Rotate 0 /Contents 68 0 R>> endobj 68 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (31) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.50 736.25 Td (Performance Graph) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 718.25 Td (The following performance graph and related information shall not be deemed soliciting material or filed with the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (SEC, nor shall such information be incorporated by reference into any future filing under the Securities ) Tj ET Q q 0 0 0 rg BT 465.16 706.25 Td (Act or the Exchange ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Act, each as amended, except to the extent that we specifically incorporate it by reference into such filing.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 676.25 Td (The graph compares the performance of our common stock to the S&P) Tj ET Q q 0 0 0 rg BT 357.16 676.25 Td ( 500 Index and to an industry peer group for our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (last five fiscal years. ) Tj ET Q q 0 0 0 rg BT 134.51 664.25 Td (The members of the peer group are ) Tj ET Q q 0 0 0 rg BT 276.95 664.25 Td (Asbury ) Tj ET Q q 0 0 0 rg BT 308.34 664.25 Td (Automotive Group, Inc., ) Tj ET Q q 0 0 0 rg BT 408.88 664.25 Td (AutoNation, Inc., Lithia Motors, Inc., ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (Penske ) Tj ET Q q 0 0 0 rg BT 80.28 652.25 Td (Automotive Group, Inc. and Sonic ) Tj ET Q q 0 0 0 rg BT 220.54 652.25 Td (Automotive, Inc. ) Tj ET Q q 0 0 0 rg BT 290.90 652.25 Td (The source for the information contained in this table is Zacks ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (Investment Research, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 622.25 Td (The returns of each member of the peer group are weighted according to each member) Tj ET Q q 0 0 0 rg BT 420.32 622.25 Td () Tj ET Q q 0 0 0 rg BT 423.10 622.25 Td (s stock market capitalization as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (the beginning of each period measured. ) Tj ET Q q 0 0 0 rg BT 210.04 610.25 Td (The graph assumes that the value of the investment in our common stock, the S&P) Tj ET Q q 0 0 0 rg BT 540.44 610.25 Td ( 500 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (Index and the peer group was $100 on the last trading day of December 2008, and that all dividends were reinvested. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (Performance data for Group 1 ) Tj ET Q q 0 0 0 rg BT 171.90 586.25 Td (Automotive, Inc., the S&P) Tj ET Q q 0 0 0 rg BT 278.19 586.25 Td ( 500 Index and for the peer group is provided as of the last trading day ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (of each of our last five fiscal years.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 165.95 556.25 Td (COMP) Tj ET Q q 0 0 0 rg BT 195.75 556.25 Td (ARISON OF) Tj ET Q q 0 0 0 rg BT 250.67 556.25 Td ( 5 ) Tj ET Q q 0 0 0 rg BT 260.30 556.25 Td (YEAR CUMULA) Tj ET Q q 0 0 0 rg BT 335.38 556.25 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 362.16 556.25 Td (T) Tj ET Q q 0 0 0 rg BT 368.65 556.25 Td (OT) Tj ET Q q 0 0 0 rg BT 382.35 556.25 Td (AL) Tj ET Q q 0 0 0 rg BT 395.69 556.25 Td ( RETURNS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.35 538.25 Td (AMONG GROUP) Tj ET Q q 0 0 0 rg BT 203.85 538.25 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 213.29 538.25 Td (AUT) Tj ET Q q 0 0 0 rg BT 234.23 538.25 Td (OMOTIVE, INC., S&P) Tj ET Q q 0 0 0 rg BT 333.96 538.25 Td ( 500 INDEX ) Tj ET Q q 0 0 0 rg BT 388.13 538.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 411.75 538.25 Td (A) Tj ET Q q 0 0 0 rg BT 418.42 538.25 Td ( PEER GROUP) Tj ET Q /GS0 gs q 512.00 0 0 270.00 50.00 257.25 cm /I18 Do Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 89.00 221.25 Td (T) Tj ET Q q 0 0 0 rg BT 95.49 221.25 Td (OT) Tj ET Q q 0 0 0 rg BT 109.20 221.25 Td (AL) Tj ET Q q 0 0 0 rg BT 122.54 221.25 Td ( RETURN BASED ON $100 INITIAL) Tj ET Q q 0 0 0 rg BT 284.51 221.25 Td ( INVESTMENT) Tj ET Q q 0 0 0 rg BT 354.07 221.25 Td (& REINVESTMENT) Tj ET Q q 0 0 0 rg BT 448.35 221.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 464.36 221.25 Td ( DIVIDENDS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.98 221.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 184.75 257.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 184.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 184.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 184.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 184.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 184.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 184.75 81.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 170.75 257.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 156.75 257.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 156.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 156.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 156.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 156.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 156.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 156.75 81.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 142.75 257.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 128.75 257.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 128.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 128.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 128.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 128.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 128.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 128.75 81.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 114.75 257.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 184.75 m 391.5 184.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 184.75 m 476.5 184.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 184.75 m 561.5 184.75 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 189.20 Td (Measurement Date) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.45 196.15 Td (Gr) Tj ET Q q 0 0 0 rg BT 345.28 196.15 Td (oup 1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.35 187.20 Td (Automotive,Inc.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.85 189.20 Td (S&P 500) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.00 189.20 Td (PeerGroup) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 176.01 Td (December 2008) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.85 175.21 Td ($100.00) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.85 175.21 Td ($100.00) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.85 175.21 Td ($100.00) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 162.01 Td (December 2009) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.10 161.21 Td (263.23) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.10 161.21 Td (126.46) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 508.10 161.21 Td (202.98) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 148.01 Td (December 2010) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.10 147.21 Td (388.74) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.10 147.21 Td (145.51) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 508.10 147.21 Td (283.42) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 134.01 Td (December 2011) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.10 133.21 Td (487.63) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.10 133.21 Td (148.59) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 508.10 133.21 Td (354.46) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 120.01 Td (December 2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.10 119.21 Td (589.87) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.10 119.21 Td (172.37) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 508.10 119.21 Td (453.78) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 106.01 Td (December 2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.10 105.21 Td (682.46) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.10 105.21 Td (228.19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 508.10 105.21 Td (647.02) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 69 0 obj <>] /Rotate 0 /Contents 70 0 R>> endobj 70 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (32) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.25 Td (Pur) Tj ET Q q 0 0 0 rg BT 65.93 736.25 Td (chases of Equity Securities by the Issuer) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 719.25 Td (The following table provides information about purchases of equity securities that are registered by us pursuant to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 707.25 Td (Section 12 of the Exchange ) Tj ET Q q 0 0 0 rg BT 161.91 707.25 Td (Act during the three months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.99 707.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.57 707.25 Td (:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 384.35 707.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 598.75 209.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 598.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 598.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 598.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 598.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 598.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 598.75 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 598.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 598.75 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 568.75 209.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 568.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 568.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 568.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 568.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 568.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 568.75 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 568.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 568.75 81.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 627.75 m 258.5 627.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 627.75 m 327.5 627.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 627.75 m 389.5 627.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 627.75 m 475.5 627.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 627.75 m 561.5 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 553.75 m 327.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 539.75 m 327.5 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 537.75 m 327.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 553.75 m 475.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 539.75 m 475.5 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 537.75 m 475.5 537.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 139.30 632.43 Td (Period) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 284.05 662.43 Td (Total) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 271.85 652.43 Td (Number of) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 280.60 642.43 Td (Shares) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 272.55 632.43 Td (Purchased) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 343.10 652.43 Td (Average) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 338.40 642.43 Td (Price Paid) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 339.70 632.43 Td (per Share) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 399.20 682.43 Td (Total Number of) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 420.10 672.43 Td (Shares) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 406.35 662.43 Td (Purchased as) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.85 652.43 Td (Part of Publicly) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.10 642.43 Td (Announced Plans) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 407.60 632.43 Td (or Programs) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 492.25 682.43 Td (Appr) Tj ET Q q 0 0 0 rg BT 514.85 682.43 Td (oximate ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 488.35 672.43 Td (Dollar) Tj ET Q q 0 0 0 rg BT 515.39 672.43 Td ( ) Tj ET Q q 0 0 0 rg BT 517.71 672.43 Td (V) Tj ET Q q 0 0 0 rg BT 524.01 672.43 Td (alue of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 485.30 662.43 Td (Shar) Tj ET Q q 0 0 0 rg BT 505.68 662.43 Td (es that May ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 483.05 652.43 Td (Y) Tj ET Q q 0 0 0 rg BT 489.16 652.43 Td (et Be Pur) Tj ET Q q 0 0 0 rg BT 528.97 652.43 Td (chased ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 486.10 642.43 Td (Under) Tj ET Q q 0 0 0 rg BT 513.14 642.43 Td ( the Plans ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 488.55 632.43 Td (or) Tj ET Q q 0 0 0 rg BT 497.81 632.43 Td ( Pr) Tj ET Q q 0 0 0 rg BT 510.67 632.43 Td (ograms ) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 544.83 636.96 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.80 619.00 Td (\(In thousands,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.70 611.00 Td (excluding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.25 603.00 Td (commissions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 588.42 Td (October 1 - October 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.65 588.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.00 588.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.65 588.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.65 588.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.00 588.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 588.42 Td (75,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 573.42 Td (November 1 - November 30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.15 573.42 Td (55,655) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.00 573.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.15 573.42 Td (63.82) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 573.42 Td (55,655) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.00 573.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 573.42 Td (71,448) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 558.42 Td (December 1 - December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.65 558.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.00 558.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.65 558.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.65 558.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.00 558.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 558.42 Td (71,448) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.00 543.42 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.15 543.42 Td (55,655) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 543.42 Td (55,655) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 524.65 Td (\(1\) In October 2013, the Board of Directors approved an increase of 50 percent of our July 2012 authorization to a new amount of $75.0 million. ) Tj ET Q q 0 0 0 rg BT 514.84 524.65 Td (The shares ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 515.05 Td (may be repurchased from time to time in open market or privately negotiated transactions, depending on market conditions, at our discretion, and funded by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 503.05 Td (cash from operations. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.09 503.05 Td ( ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 71 0 obj <>] /Rotate 0 /Contents 72 0 R>> endobj 72 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (33) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.25 Td (Item6. Selected Financial Data) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 718.25 Td (The following selected historical financial data as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.14 718.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.73 718.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.73 718.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.73 718.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.73 718.25 Td (201) Tj ET Q q 0 0 0 rg BT 409.36 718.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.36 718.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.36 718.25 Td (2010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.36 718.25 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.29 718.25 Td (2009) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.29 718.25 Td (, and for the five ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (years in the period ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.02 706.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.60 706.25 Td (, have been derived from our audited Consolidated Financial Statements, subject ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (to certain reclassifications to make prior years conform to the current year presentation. ) Tj ET Q q 0 0 0 rg BT 402.46 694.25 Td (This selected financial data should be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (read in conjunction with Item 7. Management) Tj ET Q q 0 0 0 rg BT 240.22 682.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 309.39 682.25 Td (Analysis of Financial Condition and Results of Operations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (and the Consolidated Financial Statements and related notes included elsewhere in this Form10-K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 652.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 652.25 Td (e have accounted for all of our dealership acquisitions using the purchase method of accounting. ) Tj ET Q q 0 0 0 rg BT 469.74 652.25 Td (As a result, we do not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (include in our financial statements the results of operations of these dealerships prior to the date we acquired them, which may ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (impact the comparability of the financial information presented. ) Tj ET Q q 0 0 0 rg BT 307.97 628.25 Td (Also, as a result of the ef) Tj ET Q q 0 0 0 rg BT 407.48 628.25 Td (fects of our acquisitions, dispositions, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (and other potential factors in the future, the historical financial information described in the selected financial data is not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (necessarily indicative of our results of operations and financial position in the future or the results of operations and financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (position that would have resulted had such transactions occurred at the beginning of the periods presented in the selected ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (financial data.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 524.75 169.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 524.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 524.75 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 524.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 524.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 524.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 524.75 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 524.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 524.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 524.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 524.75 65.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 510.75 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 495.75 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 495.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 495.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 495.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 495.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 495.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 495.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 495.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 495.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 495.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 495.75 65.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 480.75 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 465.75 169.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 465.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 465.75 64.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 465.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 465.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 465.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 465.75 64.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 465.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 465.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 465.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 465.75 65.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 440.75 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 425.75 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 425.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 425.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 425.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 425.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 425.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 425.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 425.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 425.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 425.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 425.75 65.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 410.75 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 395.75 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 395.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 395.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 395.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 395.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 395.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 395.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 395.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 395.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 395.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 395.75 65.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 380.75 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 365.75 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 365.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 365.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 365.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 365.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 365.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 365.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 365.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 365.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 365.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 365.75 65.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 350.75 169.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 325.75 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 325.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 325.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 325.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 325.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 325.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 325.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 325.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 325.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 325.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 325.75 65.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 310.75 169.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 285.75 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 285.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 285.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 285.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 285.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 285.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 285.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 285.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 285.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 285.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 285.75 65.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 270.75 169.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 550.75 m 287.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 550.75 m 291.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 550.75 m 356.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 550.75 m 360.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 550.75 m 424.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 550.75 m 428.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 550.75 m 493.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 550.75 m 497.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 550.75 m 562.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 537.75 m 287.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 537.75 m 356.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 537.75 m 424.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 550.75 m 493.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 537.75 m 493.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 550.75 m 562.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 537.75 m 562.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 480.75 m 287.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 480.75 m 356.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 480.75 m 424.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 480.75 m 493.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 480.75 m 562.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 410.75 m 287.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 410.75 m 356.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 410.75 m 424.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 410.75 m 493.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 410.75 m 562.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 310.75 m 287.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 310.75 m 356.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 310.75 m 424.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 310.75 m 493.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 310.75 m 562.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 270.75 m 287.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 246.75 m 287.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 244.75 m 287.5 244.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 270.75 m 356.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 246.75 m 356.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 244.75 m 356.5 244.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 270.75 m 424.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 246.75 m 424.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 244.75 m 424.5 244.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 270.75 m 493.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 246.75 m 493.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 244.75 m 493.5 244.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 270.75 m 562.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 246.75 m 562.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 244.75 m 562.5 244.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 555.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.20 554.98 Td (Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 542.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 247.00 541.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 315.50 541.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 384.20 541.98 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.50 541.98 Td (2010) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 521.50 541.98 Td (2009) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 529.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.00 529.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 321.65 528.98 Td (\(In thousands, except per share amounts\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.00 529.00 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 515.48 Td (Income Statement Data:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 501.32 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.00 500.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.65 500.42 Td (8,918,581) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.00 500.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.65 500.42 Td (7,476,100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.00 500.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.65 500.42 Td (6,079,765) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 500.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 500.42 Td (5,509,169) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 500.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 500.42 Td (4,525,707) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 486.32 Td (Cost of sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.65 485.42 Td (7,626,035) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.65 485.42 Td (6,358,848) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.65 485.42 Td (5,119,165) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 485.42 Td (4,632,136) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 485.42 Td (3,749,870) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 471.32 Td (Gross profit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.65 470.42 Td (1,292,546) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.65 470.42 Td (1,117,252) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 470.42 Td (960,600) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 470.42 Td (877,033) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 470.42 Td (775,837) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 456.32 Td (Selling, general and administrative) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 446.32 Td (expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.15 445.42 Td (976,856) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.15 445.42 Td (848,446) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 445.42 Td (735,229) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 445.42 Td (693,635) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 445.42 Td (621,048) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 431.32 Td (Depreciation and amortization expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.15 430.42 Td (35,826) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.15 430.42 Td (31,534) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 430.42 Td (27,063) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 430.42 Td (26,455) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 430.42 Td (25,828) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 416.32 Td (Asset impairments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.15 415.42 Td (6,542) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.15 415.42 Td (7,276) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 415.42 Td (4,805) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 415.42 Td (10,840) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 415.42 Td (20,887) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 401.32 Td (Income \(loss\) from operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.15 400.42 Td (273,322) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.15 400.42 Td (229,996) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 400.42 Td (193,503) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 400.42 Td (146,103) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 400.42 Td (108,074) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 386.32 Td (Other income and \(expense\):) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 371.32 Td (Floorplan interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.80 370.42 Td (\(41,667) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.65 370.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.80 370.47 Td (\(31,796) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.65 370.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.80 370.47 Td (\(27,687) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 370.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.80 370.47 Td (\(34,110) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 370.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 370.47 Td (\(32,345) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 370.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 356.32 Td (Other interest expense, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.80 355.42 Td (\(38,971) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.65 355.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.80 355.47 Td (\(37,465) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.65 355.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.80 355.47 Td (\(33,722) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 355.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.80 355.47 Td (\(27,217) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 355.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 355.47 Td (\(29,075) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 355.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 341.32 Td (Gain \(loss\) on redemption of long-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 331.32 Td (term debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.65 330.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.65 330.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 330.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.80 330.47 Td (\(3,872) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 330.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 330.42 Td (8,211) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 316.32 Td (Other expense, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.30 315.42 Td (\(789) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.65 315.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.65 315.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 315.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 315.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.30 315.47 Td (\(14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 315.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 301.32 Td (Income from continuing operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 291.32 Td (before income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.15 290.42 Td (191,895) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.15 290.42 Td (160,735) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 290.42 Td (132,094) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 290.42 Td (80,904) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 290.42 Td (54,851) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 276.32 Td (Provision for income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.80 275.42 Td (\(77,903) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.65 275.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.80 275.47 Td (\(60,526) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.65 275.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.80 275.47 Td (\(49,700) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 275.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.80 275.47 Td (\(30,600) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 275.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 275.47 Td (\(20,006) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 275.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 261.32 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.00 250.42 Td ($) Tj 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491.50 650.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 650.50 67.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 604.50 158.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 604.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.50 604.50 67.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 604.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 604.50 66.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 604.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 604.50 67.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 604.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 604.50 67.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 604.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 604.50 67.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 558.50 158.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 558.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.50 558.50 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 558.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 558.50 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 558.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 558.50 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 558.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 558.50 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 558.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 558.50 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 530.50 158.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 530.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.50 530.50 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 530.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 530.50 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 530.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 530.50 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 530.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 530.50 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 530.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 530.50 67.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 734.5 m 279.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 734.5 m 283.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 734.5 m 349.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 734.5 m 353.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 734.5 m 420.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 734.5 m 424.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 734.5 m 491.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 734.5 m 495.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 734.5 m 562.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 734.5 m 279.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 720.5 m 279.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 720.5 m 349.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 720.5 m 420.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 720.5 m 491.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 720.5 m 562.5 720.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 738.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.75 738.73 Td (December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 724.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.50 724.73 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 308.00 724.73 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 378.70 724.73 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 449.50 724.73 Td (2010) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 520.50 724.73 Td (2009) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 710.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.00 710.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.20 710.73 Td (\(Dollars in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.00 710.75 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 697.23 Td (Balance Sheet Data:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 683.07 Td (Working capital) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.00 683.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.15 683.07 Td (102,762) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.00 683.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.15 683.07 Td (170,603) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.00 683.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 683.07 Td (130,637) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 683.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 683.07 Td (124,300) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.00 683.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 683.07 Td (103,225) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 669.07 Td (Inventories) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.65 669.07 Td (1,542,318) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.60 669.07 Td (1,194,288) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 669.07 Td (867,470) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 669.07 Td (777,771) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 669.07 Td (596,743) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 655.07 Td (Total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.65 655.07 Td (3,819,478) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.60 655.07 Td (3,023,015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.65 655.07 Td (2,476,343) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 655.07 Td (2,201,964) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.65 655.07 Td (1,969,414) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 641.07 Td (Floorplan notes payable credit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 631.07 Td (facility and other ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 129.81 635.60 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.65 632.17 Td (1,086,906) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.15 632.17 Td (856,698) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 632.17 Td (609,738) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 632.17 Td (560,840) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 632.17 Td (420,319) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 618.07 Td (Floorplan notes payable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 608.07 Td (manufacturer affiliates) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.15 609.17 Td (346,572) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.15 609.17 Td (211,965) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 609.17 Td (155,980) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 609.17 Td (103,345) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 609.17 Td (115,180) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 595.07 Td (Real Estate Credit Facility,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 585.07 Td (including current portion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.15 586.17 Td (67,719) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.15 586.17 Td (56,677) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.15 586.17 Td (41,003) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 586.17 Td (42,600) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 586.17 Td (192,727) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 572.07 Td (Long-term debt, including current ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 562.07 Td (portion ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 90.39 566.60 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.15 563.17 Td (631,359) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.15 563.17 Td (521,010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 563.17 Td (456,261) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 563.17 Td (423,539) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 563.17 Td (265,769) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 549.07 Td (T) Tj ET Q q 0 0 0 rg BT 64.41 549.07 Td (emporary Equity ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 134.39 553.60 Td (\(3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.97 549.07 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.15 549.07 Td (29,094) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.15 549.07 Td (32,505) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 549.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.65 549.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 549.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 535.07 Td (Stockholders equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.00 535.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.65 535.07 Td (1,035,175) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.00 535.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.15 535.07 Td (860,284) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.00 535.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 535.07 Td (807,100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 535.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 535.07 Td (784,368) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.00 535.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 535.07 Td (720,156) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 521.07 Td (Long-term debt to capitalization ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 190.62 525.60 Td (\(4\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.20 521.07 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.65 521.07 Td (40) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.65 521.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.65 521.07 Td (39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.65 521.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 521.07 Td (38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.65 521.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.65 521.07 Td (37) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 521.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 521.07 Td (39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 521.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 501.40 Td (\(1\) Includes immediately available funds of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 191.73 501.40 Td ($56.2 million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.84 501.40 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.84 501.40 Td ($1) Tj ET Q q 0 0 0 rg BT 246.55 501.40 Td (12.3 million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.66 501.40 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.66 501.40 Td ($109.2 million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.77 501.40 Td (, $129.2 million, and $71.6 million, respectively) Tj ET Q q 0 0 0 rg BT 490.68 501.40 Td (, that we temporarily ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 491.80 Td (invest as an of) Tj ET Q q 0 0 0 rg BT 95.84 491.80 Td (fset to the gross outstanding borrowings.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 476.20 Td (\(2\) Includes the ) Tj ET Q q 0 0 0 rg BT 101.76 476.20 Td (Acquisition Line, Real Estate Credit Facility and other long-term debt and excludes short-term financing.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 460.60 Td (\(3\) Redeemable equity portion of the 3.00% convertible notes reclassified from additional paid in capital.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 445.00 Td (\(4\) Includes temporary equity as a component of capitalization.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 75 0 obj <>] /Rotate 0 /Contents 76 0 R>> endobj 76 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (35) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.25 Td (Item7. Management) Tj ET Q q 0 0 0 rg BT 141.55 736.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 213.53 736.25 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 718.25 Td (Y) Tj ET Q q 0 0 0 rg BT 80.22 718.25 Td (ou should read the following discussion in conjunction with PartI, including the matters set forth in Item 1A. Risk ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Factors, and our Consolidated Financial Statements and notes thereto included elsewhere in this Form10-K.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (Overview) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 670.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 670.25 Td (e are a leading operator in the automotive retail industry) Tj ET Q q 0 0 0 rg BT 306.63 670.25 Td (. ) Tj ET Q q 0 0 0 rg BT 311.45 670.25 Td (Through our dealerships, we sell new and used cars and light ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (trucks; arrange related vehicle financing; sell service and insurance contracts; provide automotive maintenance and repair ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (services; and sell vehicle parts. Ef) Tj ET Q q 0 0 0 rg BT 185.88 646.25 Td (fective with the acquisition of UAB Motors Participaes S.A. \(UAB Motors\) in February ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (2013, we are aligned into four geographic regions: the East and ) Tj ET Q q 0 0 0 rg BT 305.85 634.25 Td (W) Tj ET Q q 0 0 0 rg BT 314.49 634.25 Td (est Regions in the U.S., the U.K. Region, and the Brazil ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (Region. ) Tj ET Q q 0 0 0 rg BT 83.33 622.25 Td (Also, in conjunction with the acquisition of UAB Motors, and consistent with how our chief operating decision maker ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (evaluates performance and allocates resources, we reaf) Tj ET Q q 0 0 0 rg BT 269.42 610.25 Td (firmed that each region represents an operating segment.Each U.S. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (region is managed by a regional vice president who reports directly to our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 425.53 598.25 Td (ficer and is responsible for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (overall performance of their regions. ) Tj ET Q q 0 0 0 rg BT 199.20 586.25 Td (The financial matters of each U.S. region are managed by a regional chief financial of) Tj ET Q q 0 0 0 rg BT 542.75 586.25 Td (ficer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (who reports directly to our Chief Financial Of) Tj ET Q q 0 0 0 rg BT 233.94 574.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 251.70 574.25 Td (. Further) Tj ET Q q 0 0 0 rg BT 285.74 574.25 Td (, the East and ) Tj ET Q q 0 0 0 rg BT 341.93 574.25 Td (W) Tj ET Q q 0 0 0 rg BT 350.57 574.25 Td (est Regions of the U.S. continue to be economically ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (similar in that they deliver the same products and services to a common customer group, their customers are generally ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (individuals, they follow the same procedures and methods in managing their operations, and they operate in similar regulatory ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (environments. ) Tj ET Q q 0 0 0 rg BT 108.88 538.25 Td (As a result, we concluded that the East and ) Tj ET Q q 0 0 0 rg BT 283.09 538.25 Td (W) Tj ET Q q 0 0 0 rg BT 291.73 538.25 Td (est Regions of the U.S. should continue to be aggregated into one ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (reportable segment. ) Tj ET Q q 0 0 0 rg BT 130.81 526.25 Td (As such, our three reportable segments are the U.S., which includes the activities of our corporate of) Tj ET Q q 0 0 0 rg BT 532.16 526.25 Td (fice, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (the U.K. and Brazil.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 496.25 Td (As of December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.03 496.25 Td (, we owned and operated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.21 496.25 Td (147) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.21 496.25 Td ( franchises, representing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.17 496.25 Td (34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.17 496.25 Td ( brands of automobiles, at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.26 496.25 Td (1) Tj ET Q q 0 0 0 rg BT 514.89 496.25 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.89 496.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (dealership locations and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.14 484.25 Td (28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.14 484.25 Td ( collision service centers in the U.S., ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.99 484.25 Td (19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.99 484.25 Td ( franchises at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.24 484.25 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.24 484.25 Td ( dealerships and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.17 484.25 Td (four) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.83 484.25 Td ( collision centers in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (U.K., and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.38 472.25 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.38 472.25 Td ( franchises at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.64 472.25 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.64 472.25 Td ( dealerships and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.56 472.25 Td (five) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.11 472.25 Td ( collision centers in Brazil. Our operations are primarily located in major ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (metropolitan areas in ) Tj ET Q q 0 0 0 rg BT 136.36 460.25 Td (Alabama, California, Florida, Geor) Tj ET Q q 0 0 0 rg BT 276.69 460.25 Td (gia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (Hampshire, New Jersey) Tj ET Q q 0 0 0 rg BT 144.60 448.25 Td (, New ) Tj ET Q q 0 0 0 rg BT 170.61 448.25 Td (Y) Tj ET Q q 0 0 0 rg BT 176.83 448.25 Td (ork, Oklahoma, South Carolina, and ) Tj ET Q q 0 0 0 rg BT 323.85 448.25 Td (T) Tj ET Q q 0 0 0 rg BT 329.26 448.25 Td (exas in the U.S., in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.58 448.25 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.58 448.25 Td ( towns of the U.K.and in key ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (metropolitan markets in the states of Sao Paulo and Parana in Brazil.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 418.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 418.25 Td (e typically seek to acquire lar) Tj ET Q q 0 0 0 rg BT 199.90 418.25 Td (ge, profitable, well-established and well-managed dealerships that are leaders in their ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (respective market areas. From January1, 2009 through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.71 406.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.29 406.25 Td (, we have purchased 75 franchises with expected ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (annual revenues, estimated at the time of acquisition, of $2.8billion and been granted eight new franchises by our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (manufacturers, with expected annual revenues, estimated at the time of acquisition, of $1) Tj ET Q q 0 0 0 rg BT 405.89 382.25 Td (10.2 million. In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.62 382.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.62 382.25 Td ( alone, we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (acquired 38 franchises with expected annual revenues, estimated at the time of acquisition, of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.53 370.25 Td ($1,317.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.92 370.25 Td (. ) Tj ET Q q 0 0 0 rg BT 497.74 370.25 Td (W) Tj ET Q q 0 0 0 rg BT 506.38 370.25 Td (e make ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (disposition decisions based principally on the rate of return on our capital investment, the location of the dealership, our ability ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (to leverage our cost structure, the brand, and existing real estate obligations. From January1, 2009 through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.72 346.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.31 346.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (we disposed of or terminated 34 franchises with annual revenues of approximately $660.2 million. Specifically) Tj ET Q q 0 0 0 rg BT 493.68 334.25 Td (, during ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.29 334.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.29 334.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (we disposed of seven franchises with annual revenues of approximately $318.9 million. In the following discussion and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (analysis, we report certain performance measures of our newly acquired and disposed dealerships separately from those of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (existing dealerships. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 280.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 280.25 Td (e account for our dealership acquisitions using the purchase method of accounting. ) Tj ET Q q 0 0 0 rg BT 415.60 280.25 Td (As a result, we do not include in our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (financial statements the results of operations of these dealerships prior to the date we acquired them, which may impact the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (comparability of the financial information presented. ) Tj ET Q q 0 0 0 rg BT 263.54 256.25 Td (Also, as a result of the ef) Tj ET Q q 0 0 0 rg BT 363.05 256.25 Td (fects of our acquisitions, dispositions, and other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (potential factors in the future, our historical financial information is not necessarily indicative of our results of operations and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (financial position in the future or the results of operations and financial position that would have resulted had such transactions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (occurred at the beginning of the periods presented.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 202.25 Td (Our operating results reflect the combined performance of each of our interrelated business activities, which include the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (sale of new vehicles, used vehicles, finance and insurance products, and parts, as well as service and collision repair services. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (Historically) Tj ET Q q 0 0 0 rg BT 96.56 178.25 Td (, each of these activities has been directly or indirectly impacted by a variety of supply/demand factors, including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (vehicle inventories, consumer confidence, consumer discretionary spending, availability and af) Tj ET Q q 0 0 0 rg BT 430.24 166.25 Td (fordability of consumer credit, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (manufacturer incentives, weather patterns, fuel prices, and interest rates. For example, during periods of sustained economic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (downturn or significant supply/demand imbalances, new vehicle sales may be negatively impacted as consumers tend to shift ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (their purchases to used vehicles. Some consumers may even delay their purchasing decisions altogether) Tj ET Q q 0 0 0 rg BT 463.92 130.25 Td (, electing instead to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (repair their existing vehicles. In such cases, however) Tj ET Q q 0 0 0 rg BT 260.36 118.25 Td (, we believe the new vehicle sales impact on our overall business is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (mitigated by our ability to of) Tj ET Q q 0 0 0 rg BT 165.08 106.25 Td (fer other products and services, such as used vehicles and parts, service and collision repair ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (services, as well as our ability to reduce our costs in response to lower sales.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 76.25 Td (In the U.S., we generally experience higher volumes of vehicle sales and service in the second and third calendar quarters ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 64.25 Td (of each year) Tj ET Q q 0 0 0 rg BT 98.30 64.25 Td (. ) Tj ET Q q 0 0 0 rg BT 103.12 64.25 Td (This seasonality is generally attributable to consumer buying trends and the timing of manufacturer new vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 52.25 Td (model introductions. In addition, in some regions of the U.S., vehicle purchases decline during the winter months due to ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 77 0 obj <>] /Rotate 0 /Contents 78 0 R>> endobj 78 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (36) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (inclement weather) Tj ET Q q 0 0 0 rg BT 123.02 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 127.47 742.10 Td (As a result, our U.S. revenues and operating income are typically lower in the first and fourth quarters and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (higher in the second and third quarters. For the U.K., the first and third calendar quarters tend to be stronger) Tj ET Q q 0 0 0 rg BT 481.42 730.10 Td (, driven by plate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (change months of March and September) Tj ET Q q 0 0 0 rg BT 211.34 718.10 Td (. For Brazil, we expect higher volumes in the third and fourth calendar quarters; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (however) Tj ET Q q 0 0 0 rg BT 84.03 706.10 Td (, the first quarter is the weakest, driven by heavy vacations and activities associated with Carnival. Other factors ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (unrelated to seasonality) Tj ET Q q 0 0 0 rg BT 143.76 694.10 Td (, such as changes in economic condition and manufacturer incentive programs, may exaggerate seasonal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (or cause counter) Tj ET Q q 0 0 0 rg BT 115.32 682.10 Td (-seasonal fluctuations in our revenues and operating income. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 664.10 Td (According to U.S. industry experts, the annual new unit sales for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.61 664.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.61 664.10 Td ( increased 1.1 million units, or 7.6%, to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (15.6million units, compared to 14.5 million units in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.66 652.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.66 652.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 637.10 Td (The U.K. economy represents the sixth lar) Tj ET Q q 0 0 0 rg BT 241.71 637.10 Td (gest economy in the world. ) Tj ET Q q 0 0 0 rg BT 352.62 637.10 Td (The U.K. automotive sales market continues to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (outperform the rest of Europe. ) Tj ET Q q 0 0 0 rg BT 173.67 625.10 Td (V) Tj ET Q q 0 0 0 rg BT 179.78 625.10 Td (ehicle registrations in the U.K. increased 10.8% during 2013 as compared to the same period a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (year ago. ) Tj ET Q q 0 0 0 rg BT 88.96 613.10 Td (The Brazilian economy represents the seventh lar) Tj ET Q q 0 0 0 rg BT 286.48 613.10 Td (gest in the world and recently has been one of the fastest growing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (economies in the world. ) Tj ET Q q 0 0 0 rg BT 148.41 601.10 Td (W) Tj ET Q q 0 0 0 rg BT 157.05 601.10 Td (e believe the Brazilian government's decision in 2013 to not implement the planned increases in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (Industrial Products taxes that were scheduled for ) Tj ET Q q 0 0 0 rg BT 246.89 589.10 Td (April 1, 2013 and to freeze current tax rates indefinitely were positive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (developments for the market. However) Tj ET Q q 0 0 0 rg BT 205.93 577.10 Td (, the Brazilian economy is facing many challenges and is not demonstrating significant ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (growth at the moment. Industry sales in Brazil declined 1.5% during 2013 as compared to the same period a year ago and we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (have seen a rise in inflation and interest rates and a decrease in the value of the Brazilian real compared to the U.S. dollar) Tj ET Q q 0 0 0 rg BT 534.53 553.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 535.10 Td (For the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.69 535.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.28 535.10 Td (, our total revenues ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.42 535.10 Td (increased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.17 535.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.67 535.10 Td (19.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.50 535.10 Td ( from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.94 535.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.94 535.10 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.72 535.10 Td ($8.9 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.83 535.10 Td ( and gross profit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (improved ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.83 523.10 Td (15.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.66 523.10 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.43 523.10 Td ($1.3 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.55 523.10 Td (. For the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.63 523.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.21 523.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.65 523.10 Td (201) Tj ET Q q 0 0 0 rg BT 374.28 523.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.28 523.10 Td (, total revenues were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.52 523.10 Td ($7.5 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.63 523.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.07 523.10 Td ($6.1 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.11 511.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 128.77 511.10 Td (. For the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.86 511.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.44 511.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.88 511.10 Td (201) Tj ET Q q 0 0 0 rg BT 327.51 511.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.51 511.10 Td (, gross profits were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.66 511.10 Td ($1,1) Tj ET Q q 0 0 0 rg BT 428.79 511.10 Td (17.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.68 511.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.12 511.10 Td ($960.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 556.01 511.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 499.10 Td (. For the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.85 499.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.44 499.10 Td (, we realized net income of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.22 499.10 Td ($1) Tj ET Q q 0 0 0 rg BT 378.85 499.10 Td (14.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.74 499.10 Td (, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.57 499.10 Td ($4.32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.07 499.10 Td ( per diluted common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (share, and for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.89 487.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.47 487.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.91 487.10 Td (201) Tj ET Q q 0 0 0 rg BT 284.54 487.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.54 487.10 Td (, we realized net income of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.32 487.10 Td ($100.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.21 487.10 Td (, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.04 487.10 Td ($4.19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.54 487.10 Td ( per diluted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (share, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.04 475.10 Td ($82.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.93 475.10 Td (, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.76 475.10 Td ($3.47) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.26 475.10 Td ( per diluted share, respectively) Tj ET Q q 0 0 0 rg BT 307.06 475.10 Td (. In addition to the matters described above, the following ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (factors impacted our financial condition and results of operations in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.25 463.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.25 463.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.25 463.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.25 463.10 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.19 463.10 Td (201) Tj ET Q q 0 0 0 rg BT 404.82 463.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.82 463.10 Td (:) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 445.10 Td (Y) Tj ET Q q 0 0 0 rg BT 67.00 445.10 Td (ear Ended December31, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 171.15 445.10 Td (2013) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 191.15 445.10 Td (:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 427.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 95.00 427.10 Td (Asset Impairments:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.49 427.10 Td () Tj ET Q q 0 0 0 rg BT 174.81 427.10 Td (W) Tj ET Q q 0 0 0 rg BT 183.45 427.10 Td (e determined that the fair value of indefinite-lived intangible franchise rights related to four of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 415.10 Td (our franchises did not exceed their carrying value and an impairment char) Tj ET Q q 0 0 0 rg BT 389.98 415.10 Td (ge was required. ) Tj ET Q q 0 0 0 rg BT 457.73 415.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 507.07 415.10 Td (, we recorded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 403.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.94 403.10 Td ($5.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 150.83 403.10 Td ( pretax non-cash impairment char) Tj ET Q q 0 0 0 rg BT 285.04 403.10 Td (ge during the fourth quarter of 2013.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.39 403.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.39 403.10 Td (W) Tj ET Q q 0 0 0 rg BT 442.02 403.10 Td (e also recognized a total of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 391.10 Td ($1.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.89 391.10 Td ( in pretax non-cash asset impairment char) Tj ET Q q 0 0 0 rg BT 310.32 391.10 Td (ges related to impairment of various long-lived assets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 373.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 95.00 373.10 Td (Non-Cash Inter) Tj ET Q q 0 0 0 rg BT 157.13 373.10 Td (est Expense:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.38 373.10 Td (Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.93 373.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.93 373.10 Td ( results were negatively impacted by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.77 373.10 Td ($10.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.66 373.10 Td ( of non-cash interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 361.10 Td (expense relative to the amortization of the discount associated with our 2.25% Notes and 3.00% Notes representing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 349.10 Td (the impact of the accounting for convertible debt as required by Financial ) Tj ET Q q 0 0 0 rg BT 391.01 349.10 Td (Accounting Standards Board \(F) Tj ET Q q 0 0 0 rg BT 521.63 349.10 Td (ASB\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 337.10 Td (Accounting Standards Codification \(ASC\) 470, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 296.07 337.10 Td (Debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.51 337.10 Td ( \(ASC 470\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 319.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 95.00 319.10 Td (Catastr) Tj ET Q q 0 0 0 rg BT 124.64 319.10 Td (ophic Events: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.84 319.10 Td (During the year) Tj ET Q q 0 0 0 rg BT 244.19 319.10 Td (, our 2013 results were negatively impacted by several catastrophic events. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 307.10 Td (Insurance deductibles and other related expenses caused by snow storms, windstorms, and hail damage, were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 295.10 Td (recognized as SG&A) Tj ET Q q 0 0 0 rg BT 179.42 295.10 Td ( expense for a total of $12.2 million.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 277.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 95.00 277.10 Td (Acquisition Costs: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.11 277.10 Td (Primarily due to our acquisition of UAB Motors in February 2013, we incurred a total of $6.2 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 265.10 Td (million in acquisition costs for the year ended December 31, 2013. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 247.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 95.00 247.10 Td (Net Gain on Real Estate and Dealership Disposition T) Tj ET Q q 0 0 0 rg BT 312.77 247.10 Td (ransactions: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.27 247.10 Td (Positively impacting our 2013 results was a pre-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 235.10 Td (tax net gain on sale of dealerships of $10.4 million.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 217.10 Td (Y) Tj ET Q q 0 0 0 rg BT 67.00 217.10 Td (ear Ended December31, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 171.15 217.10 Td (2012) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 191.15 217.10 Td (:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 199.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 95.00 199.10 Td (Asset Impairments:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.49 199.10 Td () Tj ET Q q 0 0 0 rg BT 174.81 199.10 Td (W) Tj ET Q q 0 0 0 rg BT 183.45 199.10 Td (e determined that the fair value of indefinite-lived intangible franchise rights related to three ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 187.10 Td (of our franchises did not exceed their carrying value and an impairment char) Tj ET Q q 0 0 0 rg BT 400.81 187.10 Td (ge was required. ) Tj ET Q q 0 0 0 rg BT 468.56 187.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 517.90 187.10 Td (, we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 175.10 Td (recorded a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.41 175.10 Td ($7.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.31 175.10 Td ( pretax non-cash asset impairment char) Tj ET Q q 0 0 0 rg BT 344.45 175.10 Td (ge during the fourth quarter of 2012. ) Tj ET Q q 0 0 0 rg BT 493.12 175.10 Td (W) Tj ET Q q 0 0 0 rg BT 501.76 175.10 Td (e also ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 163.10 Td (recognized a total of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.40 163.10 Td ($0.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.30 163.10 Td ( in pretax non-cash asset impairment char) Tj ET Q q 0 0 0 rg BT 394.72 163.10 Td (ges related to impairment of various ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 151.10 Td (long-lived assets.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 77.00 133.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 95.00 133.10 Td (Non-Cash Inter) Tj ET Q q 0 0 0 rg BT 157.13 133.10 Td (est Expense:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.38 133.10 Td (Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.93 133.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.93 133.10 Td ( results were negatively impacted by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.77 133.10 Td ($9.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.66 133.10 Td ( of non-cash interest expense ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 121.10 Td (relative to the amortization of the discount associated with our 2.25% Notes and 3.00% Notes representing the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 109.10 Td (impact of the accounting for convertible debt as required by ) Tj ET Q q 0 0 0 rg BT 336.58 109.10 Td (ASC 470.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 91.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 95.00 91.10 Td (Catastr) Tj ET Q q 0 0 0 rg BT 124.64 91.10 Td (ophic Events: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.84 91.10 Td (Our 2012 results were negatively impacted by several catastrophic events. Insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 79.10 Td (deductibles and other related expenses caused by hail damage and Hurricane Sandy were recognized as SG&A) Tj ET Q q 0 0 0 rg BT 537.89 79.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 67.10 Td (expense for a total of $4.6 million.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 79 0 obj <>] /Rotate 0 /Contents 80 0 R>> endobj 80 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (37) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 742.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 95.00 742.10 Td (Acquisition Costs: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.11 742.10 Td (During the fourth quarter of 2012, we incurred a total of $1.8 million in acquisition costs, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 730.10 Td (primarily related to our acquisition of UAB Motors at the beginning of 2013.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 712.10 Td (Y) Tj ET Q q 0 0 0 rg BT 67.00 712.10 Td (ear Ended December31, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 171.15 712.10 Td (201) Tj ET Q q 0 0 0 rg BT 185.59 712.10 Td (1) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 190.59 712.10 Td (:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 694.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 95.00 694.10 Td (Asset Impairments:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.49 694.10 Td () Tj ET Q q 0 0 0 rg BT 174.81 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 183.45 694.10 Td (e recognized a total of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.79 694.10 Td ($4.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.68 694.10 Td ( in pretax non-cash asset impairment char) Tj ET Q q 0 0 0 rg BT 490.11 694.10 Td (ges, primarily ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 682.10 Td (related to the impairment of assets held-for) Tj ET Q q 0 0 0 rg BT 266.96 682.10 Td (-sale of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.17 682.10 Td ($3.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.06 682.10 Td ( and other various long-lived assets of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.75 682.10 Td ($1.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.64 682.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 664.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 95.00 664.10 Td (Non-Cash Inter) Tj ET Q q 0 0 0 rg BT 157.13 664.10 Td (est Expense:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.38 664.10 Td (Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.93 664.10 Td (201) Tj ET Q q 0 0 0 rg BT 242.56 664.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.56 664.10 Td ( results were negatively impacted by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.40 664.10 Td ($9.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.29 664.10 Td ( of non-cash interest expense ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 652.10 Td (relative to the amortization of the discount associated with our 2.25% Notes and 3.00% Notes representing the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 640.10 Td (impact of the accounting for convertible debt as required by ) Tj ET Q q 0 0 0 rg BT 336.58 640.10 Td (ASC 470.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 622.10 Td (These items, and other variances between the periods presented, are covered in the following discussion.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 81 0 obj <>] /Rotate 0 /Contents 82 0 R>> endobj 82 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (38) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Key Performance Indicators) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 724.25 Td (The following table highlights certain of the key performance indicators we use to manage our business:) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 706.25 Td (Consolidated Statistical Data ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 695.45 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 656.95 269.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 656.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 656.95 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 656.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 656.95 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 656.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 656.95 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 628.95 269.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 628.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 628.95 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 628.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 628.95 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 628.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 628.95 77.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 614.95 269.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 600.95 269.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 600.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 600.95 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 600.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 600.95 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 600.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 600.95 77.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 586.95 269.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 572.95 269.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 572.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 572.95 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 572.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 572.95 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 572.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 572.95 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 544.95 269.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 544.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 544.95 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 544.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 544.95 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 544.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 544.95 77.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 530.95 269.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 516.95 269.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 516.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 516.95 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 516.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 516.95 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 516.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 516.95 77.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 502.95 269.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 488.95 269.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 488.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 488.95 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 488.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 488.95 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 488.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 488.95 77.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 474.95 269.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 460.95 269.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 460.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 460.95 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 460.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 460.95 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 460.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 460.95 77.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 446.95 269.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 670.95 m 400.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 670.95 m 404.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 670.95 m 481.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 670.95 m 485.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 670.95 m 562.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 656.95 m 400.5 656.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 656.95 m 481.5 656.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 656.95 m 562.5 656.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 600.95 m 400.5 600.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 600.95 m 481.5 600.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 600.95 m 562.5 600.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 600.95 m 481.5 600.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 572.95 m 400.5 572.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 572.95 m 481.5 572.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 572.95 m 562.5 572.95 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 675.20 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 384.85 675.18 Td (For the Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 661.20 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.50 661.18 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 434.50 661.18 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 515.70 661.18 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 647.52 Td (Unit Sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 633.52 Td (Retail Sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 619.52 Td (New Vehicle) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.15 619.52 Td (155,866) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.15 619.52 Td (128,550) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 619.52 Td (102,022) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 605.52 Td (Used Vehicle) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.15 605.52 Td (98,813) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 605.52 Td (85,366) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 605.52 Td (70,475) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 591.52 Td (Total Retail Sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.15 591.52 Td (254,679) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.15 591.52 Td (213,916) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 591.52 Td (172,497) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 577.52 Td (Wholesale Sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.15 577.52 Td (50,736) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 577.52 Td (43,756) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 577.52 Td (35,997) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 563.52 Td (Total Vehicle Sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.15 563.52 Td (305,415) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.15 563.52 Td (257,672) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 563.52 Td (208,494) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 549.52 Td (Gross Margin) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 535.52 Td (New Vehicle Retail Sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 535.52 Td (5.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.65 535.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 535.52 Td (5.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.65 535.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 535.52 Td (6.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 535.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 521.52 Td (Total Used Vehicle Sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 521.52 Td (6.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.65 521.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 521.52 Td (7.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.65 521.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 521.52 Td (7.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 521.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 507.52 Td (Parts and Service Sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.15 507.52 Td (52.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.65 507.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 507.52 Td (52.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.65 507.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 507.52 Td (52.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 507.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 493.52 Td (Total Gross Margin) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.15 493.52 Td (14.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.65 493.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 493.52 Td (14.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.65 493.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 493.52 Td (15.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 493.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 479.52 Td (SG&A as a % of Gross Profit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.15 479.52 Td (75.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.65 479.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 479.52 Td (75.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.65 479.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 479.52 Td (76.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 479.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 465.52 Td (Operating Margin) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 465.52 Td (3.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.65 465.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 465.52 Td (3.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.65 465.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 465.52 Td (3.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 465.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 451.52 Td (Pretax Margin) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 451.52 Td (2.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.65 451.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 451.52 Td (2.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.65 451.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 451.52 Td (2.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 451.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 437.52 Td (Finance and Insurance Revenues per Retail Unit Sold) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.00 437.52 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.15 437.52 Td (1,223) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.00 437.52 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 437.52 Td (1,215) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 437.52 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 437.52 Td (1,135) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 415.45 Td (The following discussion briefly highlights certain of the results and trends occurring within our business. ) Tj ET Q q 0 0 0 rg BT 499.41 415.45 Td (Throughout the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 403.45 Td (following discussion, references are made to Same Store results and variances that are discussed in more detail in the Results ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 391.45 Td (of Operations section that follows.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 373.45 Td (2013 compar) Tj ET Q q 0 0 0 rg BT 123.09 373.45 Td (ed to 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 355.45 Td (Over the course of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.64 355.45 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.64 355.45 Td (, our industry experienced an increase in new vehicle unit sales. Our consolidated new vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 343.45 Td (retail sales revenues increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.27 343.45 Td (21.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.10 343.45 Td ( for the twelve months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.96 343.45 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.54 343.45 Td ( as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.08 343.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.08 343.45 Td (. ) Tj ET Q q 0 0 0 rg BT 486.89 343.45 Td (This growth ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 331.45 Td (primarily reflects an increase in new vehicle unit sales of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.46 331.45 Td (21.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.29 331.45 Td ( for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.75 331.45 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.34 331.45 Td (, as compared to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 319.45 Td (same period in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.37 319.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.37 319.45 Td (, as a result of dealership acquisition activity) Tj ET Q q 0 0 0 rg BT 309.00 319.45 Td (, stronger consumer confidence in the U.S., better industry ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 307.45 Td (conditions in the U.K., improved inventory levels and the execution of initiatives made by our operating team. New vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 295.45 Td (retail gross mar) Tj ET Q q 0 0 0 rg BT 112.02 295.45 Td (gin declined during the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.08 295.45 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.67 295.45 Td ( as gross profit per retail unit sold decreased in most of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 283.45 Td (our brands, primarily reflecting the increasingly competitive nature of the industry) Tj ET Q q 0 0 0 rg BT 378.97 283.45 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 265.45 Td (Our used vehicle results are directly af) Tj ET Q q 0 0 0 rg BT 227.20 265.45 Td (fected by economic conditions, the level of manufacturer incentives on new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 253.45 Td (vehicles and new vehicle financing, the number and quality of trade-ins and lease turn-ins, the availability of consumer credit, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 241.45 Td (and our ability to ef) Tj ET Q q 0 0 0 rg BT 128.69 241.45 Td (fectively manage the level and quality of our overall used vehicle inventory) Tj ET Q q 0 0 0 rg BT 430.42 241.45 Td (. Our used vehicle retail sales ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 229.45 Td (revenues increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.29 229.45 Td (16.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.12 229.45 Td ( for the twelve months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.98 229.45 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.56 229.45 Td ( as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.09 229.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.09 229.45 Td (. ) Tj ET Q q 0 0 0 rg BT 441.91 229.45 Td (This growth primarily ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 217.45 Td (reflects an increase in used vehicle unit sales of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.42 217.45 Td (15.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.25 217.45 Td ( for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.71 217.45 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.30 217.45 Td ( as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.83 217.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.83 217.45 Td (, including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 205.45 Td (the impact of our dealership acquisitions in the U.K. and Brazil. ) Tj ET Q q 0 0 0 rg BT 308.09 205.45 Td (The improving U.S. economic environment that has benefited ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 193.45 Td (new vehicle sales also supported increased used vehicle demand. Used vehicle retail gross mar) Tj ET Q q 0 0 0 rg BT 428.57 193.45 Td (gin declined 40 basis points for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 181.45 Td (the twelve months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.20 181.45 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.78 181.45 Td ( as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.31 181.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.31 181.45 Td (. Used vehicle mar) Tj ET Q q 0 0 0 rg BT 391.10 181.45 Td (gins are generally lower in our U.K. and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 169.45 Td (Brazil segments. ) Tj ET Q q 0 0 0 rg BT 118.97 169.45 Td (Therefore, the decline in consolidated used vehicle gross mar) Tj ET Q q 0 0 0 rg BT 363.97 169.45 Td (gin partially relates to the mix shift ef) Tj ET Q q 0 0 0 rg BT 514.58 169.45 Td (fect, as a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 157.45 Td (result of a lar) Tj ET Q q 0 0 0 rg BT 102.85 157.45 Td (ger contribution from these foreign segments.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 139.45 Td (Our parts and service sales increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.44 139.45 Td (14.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.27 139.45 Td (, for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.23 139.45 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.81 139.45 Td (, as compared to the same period in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 127.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 127.45 Td (. ) Tj ET Q q 0 0 0 rg BT 74.82 127.45 Td (This growth was driven by increases in all aspects of our business: customer) Tj ET Q q 0 0 0 rg BT 380.11 127.45 Td (-pay parts and service, collision, warranty ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 115.45 Td (parts and service, and wholesale parts. Our parts and service gross mar) Tj ET Q q 0 0 0 rg BT 332.78 115.45 Td (gin increased 10 basis points for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 103.45 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 103.45 Td ( as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.12 103.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.12 103.45 Td (, with improving U.S. mar) Tj ET Q q 0 0 0 rg BT 319.21 103.45 Td (gins more than of) Tj ET Q q 0 0 0 rg BT 389.29 103.45 Td (fsetting the mix ef) Tj ET Q q 0 0 0 rg BT 462.15 103.45 Td (fect of the U.K. and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 91.45 Td (Brazil.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 73.45 Td (Our consolidated finance and insurance revenues per retail unit sold increased $8 for the twelve months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 61.45 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 61.45 Td (, as compared to the same period in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.71 61.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.71 61.45 Td (, primarily as a result of higher income per contract and increased ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 83 0 obj <>] /Rotate 0 /Contents 84 0 R>> endobj 84 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (penetration rates in the U.S., partially of) Tj ET Q q 0 0 0 rg BT 210.61 742.10 Td (fset by the mix ef) Tj ET Q q 0 0 0 rg BT 280.41 742.10 Td (fect of increased business in the U.K. and Brazil where income per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (retail unit sold tends to be lower) Tj ET Q q 0 0 0 rg BT 178.31 730.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 712.10 Td (Our total gross mar) Tj ET Q q 0 0 0 rg BT 150.30 712.10 Td (gin decreased 40 basis points for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.41 712.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.99 712.10 Td ( as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.52 712.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.52 712.10 Td (, primarily ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (due to the shift in business mix towards lower mar) Tj ET Q q 0 0 0 rg BT 251.73 700.10 Td (gin new and used vehicle businesses and growing contribution from our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (foreign segments, which generally realize lower total gross mar) Tj ET Q q 0 0 0 rg BT 303.90 688.10 Td (gin.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 670.10 Td (Our consolidated SG&A) Tj ET Q q 0 0 0 rg BT 171.33 670.10 Td ( expenses increased in absolute dollars for the twelve months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.86 670.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.44 670.10 Td (, as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.20 658.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.20 658.10 Td (, primarily as a result of dealership acquisitions, as well as the correlation to vehicle sales volumes. However) Tj ET Q q 0 0 0 rg BT 557.23 658.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 77.23 646.10 Td ( as a percentage of gross profit declined 30 basis points to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.06 646.10 Td (75.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.89 646.10 Td (, for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.85 646.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.43 646.10 Td ( from the same ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (period in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.33 634.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.33 634.10 Td (, reflecting ongoing cost control and the leverage on our cost structure that higher revenues and gross profits ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (provide.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 604.10 Td (For the twelve months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.59 604.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.17 604.10 Td (, floorplan interest expense increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.22 604.10 Td (31.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.05 604.10 Td (, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.08 604.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.08 604.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (primarily as a result of an increase in our floorplan borrowings from dealership acquisitions, particularly the acquisition of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (UAB Motors, and expanded inventory levels necessary to support higher sales rates. Other interest expense, net increased 4.0% ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.96 568.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.54 568.10 Td (, primarily due to additional real estate financing including mortgage borrowings related ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (to acquisitions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 538.10 Td (The combination of all of these factors, including $6.5 million of non-cash asset impairments, resulted in an operating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (mar) Tj ET Q q 0 0 0 rg BT 65.37 526.10 Td (gin of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.47 526.10 Td (3.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.30 526.10 Td ( for the twelve months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.16 526.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.75 526.10 Td (, which is flat from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.62 526.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.62 526.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 508.10 Td (2012 compar) Tj ET Q q 0 0 0 rg BT 123.09 508.10 Td (ed to 201) Tj ET Q q 0 0 0 rg BT 160.87 508.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 490.10 Td (Over the course of 2012, our industry experienced an increase in new vehicle unit sales. ) Tj ET Q q 0 0 0 rg BT 426.86 490.10 Td (While total industry sales ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (remained low relative to years before 2008, unit sales rose from 12.8million for the twelve months ended December 31, 201) Tj ET Q q 0 0 0 rg BT 548.65 478.10 Td (1 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (to 14.5million in 2012. Our new vehicle retail sales revenues increased 26.1% for the twelve months ended December 31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (2012 as compared to 201) Tj ET Q q 0 0 0 rg BT 150.16 454.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 159.98 454.10 Td (This growth primarily reflects an increase in our new vehicle unit sales of 26.0% for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (December 31, 2012, reflecting stronger consumer confidence, improved inventory levels in our import brands that had ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (experienced shortages as a result of the March 201) Tj ET Q q 0 0 0 rg BT 252.33 430.10 Td (1 natural disaster in Japan, and strong execution by our operating team. New ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (vehicle retail gross mar) Tj ET Q q 0 0 0 rg BT 143.39 418.10 Td (gin declined during the year ended December 31, 2012 primarily as industry-wide new vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (inventory levels returned to more normalized levels following the shortage in most of 201) Tj ET Q q 0 0 0 rg BT 409.26 406.10 Td (1.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 388.10 Td (Our used vehicle results are directly af) Tj ET Q q 0 0 0 rg BT 227.20 388.10 Td (fected by economic conditions, the level of manufacturer incentives on new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (vehicles and new vehicle financing, the number and quality of trade-ins and lease turn-ins, the availability of consumer credit, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (and our ability to ef) Tj ET Q q 0 0 0 rg BT 128.69 364.10 Td (fectively manage the level and quality of our overall used vehicle inventory) Tj ET Q q 0 0 0 rg BT 430.42 364.10 Td (. Our used vehicle retail sales ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (revenues increased 24.0% for the twelve months ended December 31, 2012 as compared to 201) Tj ET Q q 0 0 0 rg BT 431.72 352.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 441.54 352.10 Td (This growth primarily ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (reflected an increase in the used vehicle unit sales of 21.1% for the year ended December 31, 2012 as compared to 201) Tj ET Q q 0 0 0 rg BT 524.72 340.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 534.54 340.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (improving economic environment that has benefited new vehicle sales also supported improved used vehicle demand. Used ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (vehicle gross mar) Tj ET Q q 0 0 0 rg BT 120.35 316.10 Td (gins declined for the twelve months ended December 31, 2012, due to a decrease in gross profit per unit sold ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (coupled with an increase in the sales price per unit.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 286.10 Td (Our parts and service sales increased by 8.1%, for the year ended December 31, 2012, as compared to the same period in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (201) Tj ET Q q 0 0 0 rg BT 64.63 274.10 Td (1, primarily driven by increases in our customer) Tj ET Q q 0 0 0 rg BT 256.60 274.10 Td (-pay parts and service business and in our collision business, as well as in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (our wholesale parts business. Our parts and service mar) Tj ET Q q 0 0 0 rg BT 272.26 262.10 Td (gins for 2012 increased to 52.4%, up 10 basis points from 201) Tj ET Q q 0 0 0 rg BT 520.46 262.10 Td (1, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (primarily as a result of an increase in internal work generated by increased new and used retail vehicle sales volumes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 232.10 Td (Our consolidated finance and insurance income per retail unit sold increased to $1,215 for the twelve months of 2012, as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (compared to $1,135 in 201) Tj ET Q q 0 0 0 rg BT 157.11 220.10 Td (1, primarily driven by increases in income per contract from our finance, insurance, and other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (product of) Tj ET Q q 0 0 0 rg BT 91.20 208.10 Td (ferings, as well as an increase in penetration rates for finance and vehicle service contracts.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 190.10 Td (Our total gross mar) Tj ET Q q 0 0 0 rg BT 150.30 190.10 Td (gin decreased 90 basis points to 14.9% for the twelve months ended December 31, 2012, primarily ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (due to the shift in business mix towards the lower mar) Tj ET Q q 0 0 0 rg BT 266.45 178.10 Td (gin new and used vehicle businesses.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 160.10 Td (Our consolidated SG&A) Tj ET Q q 0 0 0 rg BT 171.33 160.10 Td ( expenses increased in absolute dollars for the twelve months ended December 31, 2012, as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (compared to 201) Tj ET Q q 0 0 0 rg BT 116.83 148.10 Td (1, primarily as a result of the correlation to vehicle sales volumes, as well as dealership acquisitions. However) Tj ET Q q 0 0 0 rg BT 556.86 148.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 77.23 136.10 Td ( as a percentage of gross profit declined 60 basis points to 75.9%, for the year ended December 31, 2012 from the same ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (period in 201) Tj ET Q q 0 0 0 rg BT 102.95 124.10 Td (1, reflecting ongoing cost control and the leverage on our cost structure that higher revenues and gross profits ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (provide.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 94.10 Td (For the twelve months ended December 31, 2012, floorplan interest expense increased 14.8%, as compared to 201) Tj ET Q q 0 0 0 rg BT 529.71 94.10 Td (1, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (primarily due to higher weighted average borrowings as our import brand inventories returned to more normalized levels ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (following the March 201) Tj ET Q q 0 0 0 rg BT 149.33 70.10 Td (1 natural disasters in Japan and recent acquisitions. Other interest expense increased 1) Tj ET Q q 0 0 0 rg BT 493.01 70.10 Td (1.1% for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (year ended December 31, 2012, lar) Tj ET Q q 0 0 0 rg BT 190.03 58.10 Td (gely due to an increase in real estate related borrowings.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 85 0 obj <>] /Rotate 0 /Contents 86 0 R>> endobj 86 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (40) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 742.10 Td (The combination of all of these factors, including $7.3 million of asset impairments, resulted in an operating mar) Tj ET Q q 0 0 0 rg BT 524.37 742.10 Td (gin of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (3.1% for the twelve months ended December 31, 2012, which reflects a 10 basis-point decrease from 201) Tj ET Q q 0 0 0 rg BT 471.44 730.10 Td (1.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 712.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.64 712.10 Td (e address these items further) Tj ET Q q 0 0 0 rg BT 195.08 712.10 Td (, and other variances between the periods presented, in the Results of Operations section ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (below) Tj ET Q q 0 0 0 rg BT 73.79 700.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 81.38 676.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 143.13 676.10 Td (onouncements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 658.10 Td (Refer to Note2 of our Consolidated Financial Statements, Summary of Significant ) Tj ET Q q 0 0 0 rg BT 409.94 658.10 Td (Accounting Polices and Estimates, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (for a discussion of those most recent pronouncements that impact us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 84.71 622.10 Td (Accounting Policies and ) Tj ET Q q 0 0 0 rg BT 188.89 622.10 Td (Accounting Estimates) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 604.10 Td (The preparation of our financial statements in conformity with accounting principles generally accepted in the United ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (States \(GAAP\) principles requires management to make certain estimates and assumptions. ) Tj ET Q q 0 0 0 rg BT 426.93 592.10 Td (These estimates and assumptions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 580.10 Td (fect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the balance sheet date ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (and the amounts of revenues and expenses recognized during the reporting period. ) Tj ET Q q 0 0 0 rg BT 381.66 568.10 Td (W) Tj ET Q q 0 0 0 rg BT 390.29 568.10 Td (e analyze our estimates based on our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (historical experience and various other assumptions that we believe to be reasonable under the circumstances. However) Tj ET Q q 0 0 0 rg BT 527.76 556.10 Td (, actual ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (results could dif) Tj ET Q q 0 0 0 rg BT 114.25 544.10 Td (fer from such estimates. ) Tj ET Q q 0 0 0 rg BT 212.65 544.10 Td (The following is a discussion of our critical accounting estimates and policies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 526.10 Td (e have identified below what we believe to be the most pervasive accounting policies and estimates that are of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (particular importance to the portrayal of our financial position, results of operations and cash flows. See Note2 to our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Consolidated Financial Statements, Summary of Significant ) Tj ET Q q 0 0 0 rg BT 296.35 502.10 Td (Accounting Policies and Estimates, for further discussion of all ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (our significant accounting policies and estimates.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 472.10 Td (Revenue Recognition) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.68 472.10 Td (. Revenues from vehicle sales, parts sales, and vehicle service are recognized upon completion of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (the sale or service and delivery to the customer) Tj ET Q q 0 0 0 rg BT 237.71 460.10 Td (. Conditions to completing a sale include having an agreement with the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (customer) Tj ET Q q 0 0 0 rg BT 86.25 448.10 Td (, including pricing, and the sales price must be reasonably expected to be collected. ) Tj ET Q q 0 0 0 rg BT 421.79 448.10 Td (W) Tj ET Q q 0 0 0 rg BT 430.43 448.10 Td (e include revenues from our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (collision center operations in parts and services sales.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 418.10 Td (e record the profit we receive for arranging vehicle fleet transactions net in other finance and insurance revenues. Since ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (all sales of new vehicles must occur through franchised new vehicle dealerships, the dealerships ef) Tj ET Q q 0 0 0 rg BT 444.40 406.10 Td (fectively act as agents for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (automobile manufacturers in completing sales of vehicles to fleet customers. ) Tj ET Q q 0 0 0 rg BT 358.52 394.10 Td (As these customers typically order the vehicles, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (we have no significant general inventory risk. ) Tj ET Q q 0 0 0 rg BT 234.95 382.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 284.85 382.10 Td (, fleet customers generally receive special purchase incentives from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (the automobile manufacturers and we receive only a nominal fee for facilitating the transactions. ) Tj ET Q q 0 0 0 rg BT 438.83 370.10 Td (T) Tj ET Q q 0 0 0 rg BT 444.24 370.10 Td (axes collected from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (customers and remitted to governmental agencies are not included in total revenues.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 340.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 340.10 Td (e arrange financing for customers through various institutions and receive financing fees based on the dif) Tj ET Q q 0 0 0 rg BT 502.60 340.10 Td (ference ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (between the loan rates char) Tj ET Q q 0 0 0 rg BT 158.65 328.10 Td (ged to customers and wholesale financing rates set by the financing institution. In addition, we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (receive fees from the sale of insurance and vehicle service contracts to customers. Further) Tj ET Q q 0 0 0 rg BT 408.89 316.10 Td (, through agreements with certain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (vehicle service contract administrators, we earn volume incentive rebates and interest income on reserves, as well as participate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (in the underwriting profits of the products. ) Tj ET Q q 0 0 0 rg BT 222.56 292.10 Td (W) Tj ET Q q 0 0 0 rg BT 231.20 292.10 Td (e may be char) Tj ET Q q 0 0 0 rg BT 286.82 292.10 Td (ged back for unearned financing, insurance contract or vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (service contract fees in the event of early termination of the contracts by customers. Revenues from these fees are recorded at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (the time of the sale of the vehicles and a reserve for future amounts which might be char) Tj ET Q q 0 0 0 rg BT 403.30 268.10 Td (ged back is established based on our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (historical char) Tj ET Q q 0 0 0 rg BT 106.74 256.10 Td (geback results and the termination provisions of the applicable contracts. ) Tj ET Q q 0 0 0 rg BT 400.63 256.10 Td (While char) Tj ET Q q 0 0 0 rg BT 444.59 256.10 Td (geback results vary ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (depending on the type of contract sold, a 10% change in the historical char) Tj ET Q q 0 0 0 rg BT 348.61 244.10 Td (geback results used in determining estimates of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (future amounts which might be char) Tj ET Q q 0 0 0 rg BT 194.50 232.10 Td (ged back would have changed the reserve at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.31 232.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.89 232.10 Td (, by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.39 232.10 Td ($2.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.29 232.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 214.10 Td (Inventories.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.49 214.10 Td ( New) Tj ET Q q 0 0 0 rg BT 142.22 214.10 Td (, used and demonstrator vehicle inventories are carried at the lower of specific cost or market and are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (removed from inventory using the specific identification method in the Consolidated Balance Sheets. Parts and accessories ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (inventories are valued at lower of cost \(determined on a first-in, first-out basis\) or market in the Consolidated Balance Sheets. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (V) Tj ET Q q 0 0 0 rg BT 56.11 178.10 Td (ehicle inventory cost consists of the amount paid to acquire the inventory) Tj ET Q q 0 0 0 rg BT 348.44 178.10 Td (, plus the cost of reconditioning, cost of equipment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (added and transportation cost. ) Tj ET Q q 0 0 0 rg BT 171.91 166.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 221.82 166.10 Td (, we receive interest assistance from some of our automobile manufacturers. ) Tj ET Q q 0 0 0 rg BT 528.47 166.10 Td (This ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (assistance is accounted for as a vehicle purchase price discount and is reflected as a reduction to the inventory cost on our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (Consolidated Balance Sheets and as a reduction to cost of sales in our Statements of Operations as the vehicles are sold. ) Tj ET Q q 0 0 0 rg BT 531.54 142.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 130.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.02 130.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.02 130.10 Td (, inventory cost had been reduced by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.42 130.10 Td ($9.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.31 130.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.75 130.10 Td ($7.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.64 130.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 487.30 130.10 Td (, for interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (assistance received from manufacturers. New vehicle cost of sales was reduced by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.81 118.10 Td ($38.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.70 118.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.70 118.10 Td ($33.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.59 118.10 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.53 118.10 Td ($26.1 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 106.10 Td ( for interest assistance received related to vehicles sold for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.60 106.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.18 106.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.18 106.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.18 106.10 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.12 106.10 Td (201) Tj ET Q q 0 0 0 rg BT 519.75 106.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.75 106.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 94.10 Td (. ) Tj ET Q q 0 0 0 rg BT 102.48 94.10 Td (The assistance over the past three years has ranged from approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.42 94.10 Td (87.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.25 94.10 Td ( of our quarterly floorplan interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (expense in the first quarter of 2013 to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.73 82.10 Td (1) Tj ET Q q 0 0 0 rg BT 207.36 82.10 Td (15.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.19 82.10 Td ( for the third quarter of 2012, and was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.59 82.10 Td (94.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.42 82.10 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.80 82.10 Td (fourth) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.24 82.10 Td ( quarter of 2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 64.10 Td (As the market value of inventory typically declines over time, we establish new and used vehicle reserves based on our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (historical loss experience and considerations of current market trends. ) Tj ET Q q 0 0 0 rg BT 331.94 52.10 Td (These reserves are char) Tj ET Q q 0 0 0 rg BT 425.31 52.10 Td (ged to cost of sales and reduce ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 87 0 obj <>] /Rotate 0 /Contents 88 0 R>> endobj 88 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (41) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (the carrying value of inventory on hand. Used vehicles are complex to value as there is no standardized source for determining ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (exact values and each vehicle and each market in which we operate is unique. ) Tj ET Q q 0 0 0 rg BT 362.92 730.10 Td (As a result, the value of each used vehicle taken ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (at trade-in, or purchased at auction, is determined based on industry data, primarily accessed via our used vehicle management ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (software and the industry expertise of the responsible used vehicle manager) Tj ET Q q 0 0 0 rg BT 352.12 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 356.94 706.10 Td (V) Tj ET Q q 0 0 0 rg BT 363.06 706.10 Td (aluation risk is partially mitigated, by the speed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (at which we turn this inventory) Tj ET Q q 0 0 0 rg BT 174.05 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 178.50 694.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.00 694.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.58 694.10 Td (, our used vehicle days) Tj ET Q q 0 0 0 rg BT 363.53 694.10 Td ( supply was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.25 694.10 Td (35 days) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.08 694.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 676.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 676.10 Td (e incur shipping costs in connection with selling the parts to customers. ) Tj ET Q q 0 0 0 rg BT 368.46 676.10 Td (The cost of shipping parts is included in cost of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (sales on the Consolidated Statements of Operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 646.10 Td (Goodwill.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.73 646.10 Td ( Ef) Tj ET Q q 0 0 0 rg BT 125.48 646.10 Td (fective with the acquisition of UAB Motors on February 28, 2013, we added a fourth geographic region, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Brazil region, to our existing East and ) Tj ET Q q 0 0 0 rg BT 204.23 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 212.87 634.10 Td (est regions in the U.S.and the U.K. region. ) Tj ET Q q 0 0 0 rg BT 387.66 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 396.29 634.10 Td (e also determined that each region ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (continues to represent a reporting unit for the purpose of assessing goodwill for impairment.Goodwill represents the excess, at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (the date of acquisition, of the purchase price of the business acquired over the fair value of the net tangible and intangible assets ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (acquired. ) Tj ET Q q 0 0 0 rg BT 88.87 598.10 Td (Annually in the fourth quarter) Tj ET Q q 0 0 0 rg BT 208.44 598.10 Td (, based on the carrying values of our regions as of October31) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 454.75 602.63 Td (st) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.09 598.10 Td (, we perform a fair value ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (and potential impairment assessment of goodwill. ) Tj ET Q q 0 0 0 rg BT 250.80 586.10 Td (An impairment analysis is done more frequently if certain events or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (circumstances arise that would indicate a change in the fair value of the non-financial asset has occurred \(i.e., an impairment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (indicator\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 544.10 Td (In evaluating goodwill, we compare the carrying value of the net assets of each reporting unit to its respective fair value, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (which is calculated by using unobservable inputs based upon our internally developed assumptions. ) Tj ET Q q 0 0 0 rg BT 450.85 532.10 Td (This represents the first ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (step of the impairment test. If the fair value of a reporting unit is less than the carrying value of its net assets, we must proceed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (to step two of the impairment test. Step two involves allocating the calculated fair value to all of the tangible and identifiable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (intangible assets of the reporting unit as if the calculated fair value was the purchase price in a business combination. ) Tj ET Q q 0 0 0 rg BT 520.50 496.10 Td (Then we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (compare the value of the implied goodwill resulting from this second step to the carrying value of the goodwill in the reporting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (unit. ) Tj ET Q q 0 0 0 rg BT 70.38 472.10 Td (T) Tj ET Q q 0 0 0 rg BT 75.79 472.10 Td (o the extent the carrying value of the goodwill exceeds its implied fair value under step two of the impairment test, a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (non-cash impairment char) Tj ET Q q 0 0 0 rg BT 154.22 460.10 Td (ge equal to the dif) Tj ET Q q 0 0 0 rg BT 226.24 460.10 Td (ference is recorded.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 442.10 Td (e use a combination of the discounted cash flow) Tj ET Q q 0 0 0 rg BT 274.16 442.10 Td (, or income approach \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.40 442.10 Td (80%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.73 442.10 Td ( weighted\), and the market approach \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.61 442.10 Td (20%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.94 442.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (weighted\) to determine the fair value of our reporting units. Included in the discounted cash flow are assumptions regarding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (revenue growth rates, future gross mar) Tj ET Q q 0 0 0 rg BT 204.21 418.10 Td (gins, future SG&A) Tj ET Q q 0 0 0 rg BT 279.49 418.10 Td ( expenses and an estimated weighted average cost of capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (\("W) Tj ET Q q 0 0 0 rg BT 65.74 406.10 Td (ACC"\). ) Tj ET Q q 0 0 0 rg BT 98.54 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 107.17 406.10 Td (e also must estimate residual values at the end of the forecast period and future capital expenditure requirements. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Specifically) Tj ET Q q 0 0 0 rg BT 97.11 394.10 Td (, with regards to the valuation assumptions utilized in the income approach as of October31, 2013, we based our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (analysis on a recovery back to an industry sales rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.76 382.10 Td (17.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.65 382.10 Td ( units by 2016. For the market approach, we utilize recent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (market multiples of guideline companies for both revenue \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.71 370.10 Td (20%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.04 370.10 Td ( weighted\) and pretax net income \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.42 370.10 Td (80%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.75 370.10 Td ( weighted\). Each of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (these assumptions requires us to use our knowledge of \(1\)the industry) Tj ET Q q 0 0 0 rg BT 331.25 358.10 Td (, \(2\)recent transactions and \(3\)reasonable performance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (expectations for our operations. If any one of the above assumptions change or fails to materialize, the resulting decline in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (estimated fair value could result in a material non-cash impairment char) Tj ET Q q 0 0 0 rg BT 337.49 334.10 Td (ge to the goodwill associated with our reporting unit\(s\).) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 316.10 Td (Intangible Franchise Rights.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.71 316.10 Td ( Our only significant identifiable intangible assets, other than goodwill, are rights under ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (franchise agreements with manufacturers, which are recorded at an individual dealership level. ) Tj ET Q q 0 0 0 rg BT 431.32 304.10 Td (W) Tj ET Q q 0 0 0 rg BT 439.96 304.10 Td (e expect these franchise ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (agreements to continue for an indefinite period and, for agreements that do not have indefinite terms, based on the history with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (the manufacturer we believe that renewal of these agreements can be obtained without substantial cost. ) Tj ET Q q 0 0 0 rg BT 463.74 280.10 Td (As such, we believe that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (our franchise agreements will contribute to cash flows for an indefinite period and, therefore, the carrying amounts of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (franchise rights are not amortized. Franchise rights acquired in business acquisitions prior to July1, 2001, were recorded and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (amortized as part of goodwill and remain as part of goodwill at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.93 244.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.51 244.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.95 244.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.95 244.10 Td ( in the accompanying ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (Consolidated Balance Sheets. Since July1, 2001, intangible franchise rights acquired in business combinations have been ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (recorded as distinctly separate intangible assets. In accordance with guidance primarily codified within ) Tj ET Q q 0 0 0 rg BT 463.75 220.10 Td (ASC 350, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (Intangibles Goodwill and Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.44 208.10 Td ( \(ASC 350\), we evaluate these franchise rights for impairment annually in the fourth ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 77.92 196.10 Td (, based on the carrying values of our individual dealerships as of October31) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 382.83 200.63 Td (st) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.16 196.10 Td (, or more frequently if events or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (circumstances indicate possible impairment has occurred.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 166.10 Td (In performing our impairment assessments, we test the carrying value of each individual franchise right that was recorded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (by using a direct value method discounted cash flow model, or income approach, specifically the excess earnings method. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (Included in this analysis are assumptions, at a dealership level, regarding the cash flows directly attributable to the franchise ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (rights, revenue growth rates, future gross mar) Tj ET Q q 0 0 0 rg BT 231.99 130.10 Td (gins and future SG&A) Tj ET Q q 0 0 0 rg BT 321.70 130.10 Td ( expenses. Using an estimated ) Tj ET Q q 0 0 0 rg BT 444.27 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 452.60 130.10 Td (ACC, estimated residual ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (values at the end of the forecast period and expected future capital expenditure requirements, we calculate the fair value of each ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (dealership) Tj ET Q q 0 0 0 rg BT 93.87 106.10 Td (s franchise rights.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 88.10 Td (If any one of the above assumptions change or fails to materialize, the resulting decline in the intangible franchise rights) Tj ET Q q 0 0 0 rg BT 557.54 88.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (estimated fair value could result in a non-cash impairment char) Tj ET Q q 0 0 0 rg BT 302.23 76.10 Td (ge to the intangible franchise right associated with the applicable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (dealership. See Note15 to our Consolidated Financial Statements, Asset Impairments, and Note16 to our Consolidated ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 89 0 obj <>] /Rotate 0 /Contents 90 0 R>> endobj 90 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (42) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Financial Statements, Intangible Franchise Rights and Goodwill, for additional details regarding our intangible franchise ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (rights.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 712.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 110.57 712.10 Td (axes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.84 712.10 Td ( Currently) Tj ET Q q 0 0 0 rg BT 171.02 712.10 Td (, we operate in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.38 712.10 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.38 712.10 Td ( dif) Tj ET Q q 0 0 0 rg BT 255.81 712.10 Td (ferent states in the U.S., in the U.K., and in Brazil, each of which has unique ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (tax rates and payment calculations. ) Tj ET Q q 0 0 0 rg BT 192.17 700.10 Td (As the amount of income generated in each jurisdiction varies from period to period, our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (estimated ef) Tj ET Q q 0 0 0 rg BT 98.41 688.10 Td (fective tax rate can vary based on the proportion of taxable income generated in each jurisdiction. ) Tj ET Q q 0 0 0 rg BT 491.12 688.10 Td (W) Tj ET Q q 0 0 0 rg BT 499.76 688.10 Td (e follow the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (liability method of accounting for income taxes in accordance with ) Tj ET Q q 0 0 0 rg BT 319.91 676.10 Td (ASC 740, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 361.87 676.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 398.44 676.10 Td (axes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.21 676.10 Td (. Under this method, deferred ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (income taxes are recorded based on dif) Tj ET Q q 0 0 0 rg BT 205.86 664.10 Td (ferences between the financial reporting and tax basis of assets and liabilities and are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (measured using the enacted tax rates and laws that will be in ef) Tj ET Q q 0 0 0 rg BT 301.95 652.10 Td (fect when the underlying assets are realized or liabilities are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (settled. ) Tj ET Q q 0 0 0 rg BT 80.55 640.10 Td (A) Tj ET Q q 0 0 0 rg BT 87.22 640.10 Td ( valuation allowance reduces deferred tax assets when it is more likely than not that some or all of the deferred tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (assets will not be realized. Each tax position must satisfy a threshold of more-likely-than-not and a measurement attribute for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (some or all of the benefits of that position to be recognized in a company's financial statements. See Note7 to our Consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (Financial Statements, Income ) Tj ET Q q 0 0 0 rg BT 175.34 604.10 Td (T) Tj ET Q q 0 0 0 rg BT 180.75 604.10 Td (axes, for additional information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 586.10 Td (e have recognized deferred tax assets, net of valuation allowances, that we believe will be realized, based primarily on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (the assumption of future taxable income. ) Tj ET Q q 0 0 0 rg BT 215.23 574.10 Td (As it relates to net operating losses, a corresponding valuation allowance has been ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (established to the extent that we have determined that net income attributable to certain jurisdictions will not be suf) Tj ET Q q 0 0 0 rg BT 510.80 562.10 Td (ficient to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (realize the benefit.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 532.10 Td (Fair V) Tj ET Q q 0 0 0 rg BT 99.28 532.10 Td (alue of ) Tj ET Q q 0 0 0 rg BT 129.09 532.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 156.41 532.10 Td (Acquir) Tj ET Q q 0 0 0 rg BT 183.26 532.10 Td (ed and Liabilities ) Tj ET Q q 0 0 0 rg BT 255.58 532.10 Td (Assumed.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.63 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 295.95 532.10 Td (The fair values of assets acquired and liabilities assumed in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (business combinations are estimated using various assumptions. ) Tj ET Q q 0 0 0 rg BT 308.68 520.10 Td (The most significant assumptions, and those requiring the most ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (judgment, involve the estimated fair values of property and equipment and intangible franchise rights, with the remaining ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (amounts attributable to goodwill, if any) Tj ET Q q 0 0 0 rg BT 207.66 496.10 Td (. ) Tj ET Q q 0 0 0 rg BT 212.48 496.10 Td (W) Tj ET Q q 0 0 0 rg BT 221.11 496.10 Td (e utilize third-party experts to determine the fair values of property and equipment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (purchased, including real estate and our fair value model as discussed under Intangible Franchise Rights to determine the fair ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (value of intangible franchise rights acquired.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 454.10 Td (Derivative Financial Instruments. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.31 454.10 Td (One of our primary market risk exposures is increasing interest rates. Interest rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (derivatives, designated as cash flow hedges, are used to adjust interest rate exposures when appropriate based on market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (conditions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 412.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 412.10 Td (e follow the requirements of guidance primarily codified within ) Tj ET Q q 0 0 0 rg BT 339.51 412.10 Td (ASC 815, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 381.46 412.10 Td (Derivatives and Hedging) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.99 412.10 Td ( \(ASC 815\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (pertaining to the accounting for derivatives and hedging activities. ) Tj ET Q q 0 0 0 rg BT 317.14 400.10 Td (ASC 815 requires us to recognize all cash flow hedges on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (our Consolidated Balance Sheet at fair value. ) Tj ET Q q 0 0 0 rg BT 233.09 388.10 Td (The related gains or losses on these interest rate derivatives are deferred in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (stockholders) Tj ET Q q 0 0 0 rg BT 103.13 376.10 Td ( equity as a component of accumulated other comprehensive loss. ) Tj ET Q q 0 0 0 rg BT 368.15 376.10 Td (These deferred gains and losses are recognized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (in interest expense in the period in which the related items being hedged are recognized in interest expense. However) Tj ET Q q 0 0 0 rg BT 518.59 364.10 Td (, to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (extent that the change in value of a derivative contract does not perfectly of) Tj ET Q q 0 0 0 rg BT 351.64 352.10 Td (fset the change in the value of the items being ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (hedged, that inef) Tj ET Q q 0 0 0 rg BT 116.74 340.10 Td (fective portion is immediately recognized in other income or expense. Monthly contractual settlements of these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (swap positions are recognized as floorplan or other interest expense in the accompanying Consolidated Statements of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 98.33 316.10 Td (All of our interest rate hedges were designated as cash flow hedges and were deemed to be ef) Tj ET Q q 0 0 0 rg BT 471.61 316.10 Td (fective at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 304.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.58 304.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.58 304.10 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.52 304.10 Td (201) Tj ET Q q 0 0 0 rg BT 190.15 304.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 195.15 304.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 286.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 286.10 Td (e measure interest rate derivative instruments utilizing an income approach valuation technique, converting future ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (amounts of cash flows to a single present value in order to obtain a transfer exit price within the bid and ask spread that is most ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (representative of the fair value of our derivative instruments. In measuring fair value, we utilize the option-pricing Black-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Scholes present value technique for all of our derivative instruments. ) Tj ET Q q 0 0 0 rg BT 327.79 250.10 Td (This option-pricing technique utilizes a one-month ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (London Interbank Of) Tj ET Q q 0 0 0 rg BT 134.79 238.10 Td (fered Rate \(LIBOR\) forward yield curve, obtained from an independent external service provider) Tj ET Q q 0 0 0 rg BT 531.72 238.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (matched to the identical maturity term of the instrument being measured. Observable inputs utilized in the income approach ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (valuation technique incorporate identical contractual notional amounts, fixed coupon rates, periodic terms for interest payments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (and contract maturity) Tj ET Q q 0 0 0 rg BT 134.87 202.10 Td (. Our fair value estimate of the interest rate derivative instruments also considers the credit risk of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (instruments in a liability position or the counterparty for the instruments in an asset position. ) Tj ET Q q 0 0 0 rg BT 422.54 190.10 Td (The credit risk is calculated by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (using the spread between the one-month LIBOR yield curve and the relevant average 10 and 20-year retail rate for BB+ S&P) Tj ET Q q 0 0 0 rg BT 550.66 178.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (rated companies, or 6.8%, as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.57 166.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.15 166.10 Td (. ) Tj ET Q q 0 0 0 rg BT 261.97 166.10 Td (W) Tj ET Q q 0 0 0 rg BT 270.61 166.10 Td (e have determined the valuation measurement inputs of these derivative ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (instruments to maximize the use of observable inputs that market participants would use in pricing similar or identical ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (instruments and market data obtained from independent sources, which is readily observable or can be corroborated by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (observable market data for substantially the full term of the derivative instrument. ) Tj ET Q q 0 0 0 rg BT 379.62 130.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 428.96 130.10 Td (, we have classified the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (derivatives within Level2 of the ) Tj ET Q q 0 0 0 rg BT 182.19 118.10 Td (ASC 820 hierarchy framework in Note13 to our Consolidated Financial Statements, Fair ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (V) Tj ET Q q 0 0 0 rg BT 56.11 106.10 Td (alue Measurements. ) Tj ET Q q 0 0 0 rg BT 142.84 106.10 Td (W) Tj ET Q q 0 0 0 rg BT 151.48 106.10 Td (e validate the outputs of our valuation technique by comparison to valuations from the respective ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (counterparties.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 76.10 Td (Self-Insur) Tj ET Q q 0 0 0 rg BT 113.07 76.10 Td (ed Medical, Pr) Tj ET Q q 0 0 0 rg BT 172.40 76.10 Td (operty and Casualty Reserves.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.04 76.10 Td ( ) Tj ET Q q 0 0 0 rg BT 296.36 76.10 Td (W) Tj ET Q q 0 0 0 rg BT 305.00 76.10 Td (e purchase insurance policies for worker) Tj ET Q q 0 0 0 rg BT 467.24 76.10 Td () Tj ET Q q 0 0 0 rg BT 470.02 76.10 Td (s compensation, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (liability) Tj ET Q q 0 0 0 rg BT 80.46 64.10 Td (, auto physical damage, property) Tj ET Q q 0 0 0 rg BT 210.32 64.10 Td (, pollution, employee medical benefits and other risks consisting of lar) Tj ET Q q 0 0 0 rg BT 491.74 64.10 Td (ge deductibles ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (and/or self-insured retentions.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 91 0 obj <>] /Rotate 0 /Contents 92 0 R>> endobj 92 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 742.10 Td (Annually we engage a third-party actuary to conduct a study of the exposures under the self-insured portion of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (worker) Tj ET Q q 0 0 0 rg BT 78.69 730.10 Td () Tj ET Q q 0 0 0 rg BT 81.47 730.10 Td (s compensation and general liability insurance programs for all open policy years. In the interim, we review the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (estimates within the study and monitor actual experience for unusual variances. ) Tj ET Q q 0 0 0 rg BT 370.27 718.10 Td (The appropriate adjustments are made to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (accrual, based upon these procedures. ) Tj ET Q q 0 0 0 rg BT 202.99 706.10 Td (Actuarial estimates for the portion of claims not covered by insurance are based on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (historical claims experience adjusted for loss trending and loss development factors. Changes in the frequency or severity of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (claims from historical levels could influence our reserve for claims and our financial position, results of operations and cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 76.67 670.10 Td (A) Tj ET Q q 0 0 0 rg BT 83.34 670.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.84 670.10 Td (10%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.17 670.10 Td ( change in the actuarially determined estimate of aggregate future losses would have changed the reserve for these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (losses at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.11 658.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 164.69 658.10 Td (, by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.19 658.10 Td ($2.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.08 658.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 640.10 Td (Our auto physical damage insurance coverage is limited and contains two layers of coverage. ) Tj ET Q q 0 0 0 rg BT 448.96 640.10 Td (The first layer covers up to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td ($10.0 million per incident with no annual maximum after consideration of our deductible.Our minimum deductible of $2.5 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (million per occurrence is applied against future losses until claims paid reach $15.0 million in annual aggregate at which point ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (the deductible increases to 50% of the incurred loss in excess of the per occurrence deducible.) Tj ET Q q 0 0 0 rg BT 428.28 604.10 Td (The second layer of coverage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (provides for up to $50.0 million in aggregate loss coverage in excess of $20.0 million in deductibles.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 574.10 Td (For policy years ended prior to October31, 2005, our workers) Tj ET Q q 0 0 0 rg BT 325.42 574.10 Td ( compensation and general liability insurance coverage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (included aggregate retention \(stop loss\) limits in addition to a per claim deductible limit \(Stop Loss Plans\). Due to historical ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (experience in both claims frequency and severity) Tj ET Q q 0 0 0 rg BT 245.38 550.10 Td (, the likelihood of breaching the aggregate retention limits was deemed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (remote, and as such, we elected not to purchase this stop loss coverage for the policy year beginning November1, 2005 and for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (each subsequent year \(No Stop Loss Plans\). Our exposure per claim under the No Stop Loss Plans is limited to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.64 526.10 Td ($1.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.53 526.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (per occurrence, with unlimited exposure on the number of claims up to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.30 514.10 Td ($1.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.20 514.10 Td ( that we may incur) Tj ET Q q 0 0 0 rg BT 459.06 514.10 Td (. ) Tj ET Q q 0 0 0 rg BT 463.51 514.10 Td (As of December 31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (2013, we have accrued $0.7 million and $21.3 million for our Stop Loss and No Stop Loss plans, respectively) Tj ET Q q 0 0 0 rg BT 488.73 502.10 Td (. Our maximum ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (potential exposure under worker's compensation and general liability insurance Stop Loss Plans totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.31 490.10 Td ($34.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.20 490.10 Td ( at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 478.10 Td (, before consideration of amounts previously paid or accruals recorded related to our loss projections. ) Tj ET Q q 0 0 0 rg BT 535.96 478.10 Td (After ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (consideration of the amounts paid or accrued, the remaining potential loss exposure under the workers compensation and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (general liability Stop Loss Plans totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.65 454.10 Td ($13.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.54 454.10 Td ( at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.75 454.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.34 454.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 436.10 Td (V) Tj ET Q q 0 0 0 rg BT 77.50 436.10 Td (ariable Inter) Tj ET Q q 0 0 0 rg BT 127.95 436.10 Td (est Entity) Tj ET Q q 0 0 0 rg BT 164.89 436.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.89 436.10 Td (In 2013, we entered into arrangements to provide a fixed-interest-rate working capital loan and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (various administrative services to a related-party entity that owns and operates retail automotive dealerships for a variable fee, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (both of which constitute variable interests in the entity) Tj ET Q q 0 0 0 rg BT 267.08 412.10 Td (. Our exposure to loss as a result of its involvement in the entity includes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (the balance outstanding under the loan arrangement. ) Tj ET Q q 0 0 0 rg BT 261.41 400.10 Td (W) Tj ET Q q 0 0 0 rg BT 270.04 400.10 Td (e hold no equity ownership interest in the entity) Tj ET Q q 0 0 0 rg BT 460.47 400.10 Td (. ) Tj ET Q q 0 0 0 rg BT 465.29 400.10 Td (W) Tj ET Q q 0 0 0 rg BT 473.93 400.10 Td (e have determined ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (that the entity meets the criteria of a variable interest entity \(VIE\). ) Tj ET Q q 0 0 0 rg BT 325.53 388.10 Td (The terms of the loan and services agreements provide us ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (with the right to control the activities of the ) Tj ET Q q 0 0 0 rg BT 226.17 376.10 Td (VIE that most significantly impact the ) Tj ET Q q 0 0 0 rg BT 381.51 376.10 Td (VIE's economic performance, the obligation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (to absorb potentially significant losses of the ) Tj ET Q q 0 0 0 rg BT 231.18 364.10 Td (VIE and the right to receive potentially significant benefits from the ) Tj ET Q q 0 0 0 rg BT 505.63 364.10 Td (VIE. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 99.34 352.10 Td (, we qualified as the ) Tj ET Q q 0 0 0 rg BT 181.90 352.10 Td (VIE's primary beneficiary and consolidated 100% of the assets and liabilities of the ) Tj ET Q q 0 0 0 rg BT 517.59 352.10 Td (VIE as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (December 31, 2013, as well as 100% of the results of operations of the ) Tj ET Q q 0 0 0 rg BT 335.30 340.10 Td (VIE beginning on the ef) Tj ET Q q 0 0 0 rg BT 431.76 340.10 Td (fective date of the variable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (interests arrangements to December 31, 2013.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 93 0 obj <>] /Rotate 0 /Contents 94 0 R>> endobj 94 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (44) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.25 Td (Results of Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 718.25 Td (The Same Store amounts presented below include the results of dealerships for the identical months in each period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (presented in the comparison, commencing with the first full month in which the dealership was owned by us and, in the case of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (dispositions, ending with the last full month it was owned by us. For example, for a dealership acquired in June 2012, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (results from this dealership will appear in our Same Store comparison beginning in 2013 for the period July 2013 through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (December ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.58 670.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.58 670.25 Td (, when comparing to July 2012 through December 2012 results. Depending on the periods being compared, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (dealerships included in Same Store will vary) Tj ET Q q 0 0 0 rg BT 228.20 658.25 Td (. For this reason, the 2012 Same Store results that are compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.19 658.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.19 658.25 Td ( dif) Tj ET Q q 0 0 0 rg BT 529.62 658.25 Td (fer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (from those used in the comparison to 201) Tj ET Q q 0 0 0 rg BT 215.43 646.25 Td (1. Same Store results also include the activities of our corporate headquarters.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 628.25 Td (The following table summarizes our combined Same Store results for the year ended December31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.37 628.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.37 628.25 Td ( as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 616.25 Td ( and for the year ended December31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.98 616.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.98 616.25 Td ( compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.69 616.25 Td (201) Tj ET Q q 0 0 0 rg BT 312.31 616.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.31 616.25 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td ( ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 95 0 obj <>] /Rotate 0 /Contents 96 0 R>> endobj 96 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (45) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.50 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.69 742.25 Td (otal Same Store Data ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 724.25 Td (\(dollars in thousands, except per unit amounts) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 679.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 679.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 679.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 679.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 679.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 679.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 679.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 679.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 679.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 679.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 679.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 679.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 679.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 679.75 57.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 664.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 649.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 649.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 649.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 649.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 649.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 649.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 649.75 57.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 634.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 619.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 619.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 619.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 619.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 619.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 619.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 619.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 619.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 619.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 619.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 619.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 619.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 619.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 619.75 57.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 604.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 589.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 589.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 589.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 589.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 589.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 589.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 589.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 589.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 589.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 589.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 589.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 589.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 589.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 589.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 559.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 559.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 559.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 559.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 559.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 559.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 559.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 559.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 559.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 559.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 559.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 559.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 559.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 559.75 57.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 544.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 529.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 529.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 529.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 529.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 529.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 529.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 529.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 529.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 529.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 529.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 529.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 529.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 529.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 529.75 57.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 514.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 499.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 499.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 499.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 499.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 499.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 499.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 499.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 499.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 499.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 499.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 499.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 499.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 499.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 499.75 57.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 484.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 469.75 156.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 469.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 469.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 469.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 469.75 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 469.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 469.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 469.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 469.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 469.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 469.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 469.75 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 469.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 469.75 57.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 444.75 156.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 419.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 419.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 419.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 419.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 419.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 419.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 419.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 419.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 419.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 419.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 419.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 419.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 419.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 419.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 389.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 389.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 389.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 389.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 389.75 50.00 -15.00 re f /GS0 gs 0.8 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267.50 359.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 359.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 359.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 359.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 359.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 359.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 359.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 359.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 359.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 359.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 359.75 57.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 344.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 329.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 329.75 4.00 -15.00 re f /GS0 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57.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 700.75 m 267.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 700.75 m 271.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 700.75 m 321.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 700.75 m 325.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 700.75 m 382.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 700.75 m 390.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 700.75 m 451.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 700.75 m 501.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 700.75 m 505.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 700.75 m 562.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 679.75 m 267.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 679.75 m 321.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 679.75 m 382.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 700.75 m 386.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 700.75 m 386.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 700.75 m 447.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 679.75 m 447.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 679.75 m 501.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 679.75 m 562.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 679.75 m 386.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 664.75 m 386.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 649.75 m 386.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 634.75 m 386.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 619.75 m 386.5 604.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 589.75 m 267.5 589.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 589.75 m 382.5 589.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 604.75 m 386.5 589.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 589.75 m 447.5 589.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 589.75 m 562.5 589.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 589.75 m 267.5 589.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 589.75 m 382.5 589.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 589.75 m 386.5 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 589.75 m 447.5 589.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 589.75 m 562.5 589.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 574.75 m 386.5 559.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 559.75 m 386.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 544.75 m 386.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 529.75 m 386.5 514.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 499.75 m 267.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 499.75 m 382.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 514.75 m 386.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 499.75 m 447.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 499.75 m 562.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 499.75 m 267.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 484.75 m 267.5 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 499.75 m 382.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 484.75 m 382.5 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 499.75 m 386.5 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 484.75 m 447.5 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 484.75 m 562.5 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 470.75 m 267.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 468.75 m 267.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 470.75 m 382.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 468.75 m 382.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 484.75 m 386.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 470.75 m 447.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 468.75 m 447.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 470.75 m 562.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 468.75 m 562.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 468.75 m 267.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 470.75 m 267.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 468.75 m 382.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 470.75 m 382.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 469.75 m 386.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 468.75 m 447.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 470.75 m 447.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 468.75 m 562.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 470.75 m 562.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 444.75 m 386.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 419.75 m 386.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 404.75 m 386.5 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 389.75 m 386.5 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 374.75 m 386.5 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 359.75 m 386.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 344.75 m 386.5 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 329.75 m 386.5 314.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 314.75 m 386.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 299.75 m 386.5 274.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 705.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 327.10 704.98 Td (For The Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 684.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 230.50 683.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.00 691.98 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.85 683.98 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 345.50 683.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.50 683.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.00 691.98 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 462.85 683.98 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.70 683.98 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 670.32 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 655.32 Td (New vehicle retail) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.00 654.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.60 654.42 Td (4,354,540) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.55 654.42 Td (6.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.00 654.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.60 654.42 Td (4,107,638) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.00 654.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.60 654.42 Td (3,932,266) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.05 654.42 Td (16.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.00 654.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.60 654.42 Td (3,381,216) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 640.32 Td (Used vehicle retail) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.60 639.42 Td (1,794,875) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.55 639.42 Td (6.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.60 639.42 Td (1,693,237) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.60 639.42 Td (1,618,272) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.05 639.42 Td (14.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.60 639.42 Td (1,409,253) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 625.32 Td (Used vehicle wholesale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.10 624.42 Td (276,121) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.55 624.42 Td (0.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.10 624.42 Td (275,011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.10 624.42 Td (254,052) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.55 624.42 Td (1.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.10 624.42 Td (249,693) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 610.32 Td (Parts and service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.10 609.42 Td (902,905) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.55 609.42 Td (7.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.10 609.42 Td (840,383) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.10 609.42 Td (826,119) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.55 609.42 Td (2.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.10 609.42 Td (809,632) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 595.32 Td (Finance, insurance and other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.10 594.42 Td (286,837) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.05 594.42 Td (14.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.10 594.42 Td (251,544) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.10 594.42 Td (242,706) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.05 594.42 Td (24.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.10 594.42 Td (194,775) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 580.32 Td (Total revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.00 579.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.60 579.42 Td (7,615,278) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.55 579.42 Td (6.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.00 579.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.60 579.42 Td (7,167,813) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.00 579.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.60 579.42 Td (6,873,415) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.05 579.42 Td (13.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.00 579.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.60 579.42 Td (6,044,569) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 565.32 Td (Cost of Sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 550.32 Td (New vehicle retail) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.00 549.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.60 549.42 Td (4,121,902) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.55 549.42 Td (6.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.00 549.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.60 549.42 Td (3,868,417) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.00 549.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.60 549.42 Td (3,708,763) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.05 549.42 Td (16.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.00 549.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.60 549.42 Td (3,172,080) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 535.32 Td (Used vehicle retail) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.60 534.42 Td (1,651,418) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.55 534.42 Td (6.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.60 534.42 Td (1,552,222) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.60 534.42 Td (1,483,616) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.05 534.42 Td (15.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.60 534.42 Td (1,285,545) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 520.32 Td (Used vehicle wholesale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.10 519.42 Td (276,615) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.55 519.42 Td (1.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.10 519.42 Td (272,220) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.10 519.42 Td (251,381) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.55 519.42 Td (2.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.10 519.42 Td (245,615) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 505.32 Td (Parts and service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.10 504.42 Td (423,023) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.55 504.42 Td (5.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.10 504.42 Td (399,997) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.10 504.42 Td (393,704) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.55 504.42 Td (2.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.10 504.42 Td (385,779) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 490.32 Td (Total cost of sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.60 489.42 Td (6,472,958) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.55 489.42 Td (6.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.60 489.42 Td (6,092,856) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.60 489.42 Td (5,837,464) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.05 489.42 Td (14.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.60 489.42 Td (5,089,019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 475.32 Td (Gross profit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.00 474.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.60 474.42 Td (1,142,320) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.55 474.42 Td (6.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.00 474.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.60 474.42 Td (1,074,957) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.00 474.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.60 474.42 Td (1,035,951) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.55 474.42 Td (8.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.00 474.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.10 474.42 Td (955,550) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 460.32 Td (Selling, general and administrative) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 450.32 Td (expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.00 449.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.10 449.42 Td (858,367) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.55 449.42 Td (6.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.00 449.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.10 449.42 Td (808,218) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.00 449.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.10 449.42 Td (783,702) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.55 449.42 Td (7.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.00 449.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.10 449.42 Td (731,036) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 435.32 Td (Depreciation and amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 425.32 Td (expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.00 424.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.15 424.42 Td (32,418) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.55 424.42 Td (6.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.00 424.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.15 424.42 Td (30,549) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.00 424.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.15 424.42 Td (29,834) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.05 424.42 Td (10.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.00 424.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 424.42 Td (26,966) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 410.32 Td (Floorplan interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.00 409.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.15 409.42 Td (33,771) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.55 409.42 Td (9.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.00 409.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.15 409.42 Td (30,746) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.00 409.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.15 409.42 Td (29,383) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.55 409.42 Td (6.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.00 409.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 409.42 Td (27,486) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 395.32 Td (Gross margin) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 380.32 Td (New vehicle retail) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.15 379.42 Td (5.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.65 379.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.15 379.42 Td (5.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.65 379.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.15 379.42 Td (5.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 379.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 379.42 Td (6.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 379.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 365.32 Td (Used vehicle) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.15 364.42 Td (6.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.65 364.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.15 364.42 Td (7.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.65 364.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.15 364.42 Td (7.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 364.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 364.42 Td (7.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 364.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 350.32 Td (Parts and service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.15 349.42 Td (53.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.65 349.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.15 349.42 Td (52.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.65 349.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 349.42 Td (52.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 349.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 349.42 Td (52.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 349.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 335.32 Td (Total gross margin) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.15 334.42 Td (15.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.65 334.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.15 334.42 Td (15.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.65 334.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 334.42 Td (15.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 334.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 334.42 Td (15.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 334.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 320.32 Td (SG&A as a % of gross profit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.15 319.42 Td (75.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.65 319.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.15 319.42 Td (75.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.65 319.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 319.42 Td (75.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 319.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 319.42 Td (76.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 319.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 305.32 Td (Operating margin) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.15 304.42 Td (3.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.65 304.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.15 304.42 Td (3.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.65 304.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.15 304.42 Td (3.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 304.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 304.42 Td (3.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 304.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 290.32 Td (Finance and insurance revenues per) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 280.32 Td (retail unit sold) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.00 279.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.15 279.42 Td (1,345) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.55 279.42 Td (9.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.00 279.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.15 279.42 Td (1,234) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.00 279.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.15 279.42 Td (1,232) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.55 279.42 Td (8.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.00 279.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 279.42 Td (1,137) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 257.25 Td (The discussion that follows provides explanation for the variances noted above. In addition, each table presents by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 245.25 Td (primary income statement line item comparative financial and non-financial data of our Same Store locations, those locations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 233.25 Td (acquired or disposed of \(T) Tj ET Q q 0 0 0 rg BT 159.61 233.25 Td (ransactions\) during the periods and the consolidated company for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.83 233.25 Td (December31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 221.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 221.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 221.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 221.25 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.94 221.25 Td (201) Tj ET Q q 0 0 0 rg BT 131.57 221.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.57 221.25 Td (.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 97 0 obj <>] /Rotate 0 /Contents 98 0 R>> endobj 98 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (46) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 742.25 Td (New V) Tj ET Q q 0 0 0 rg BT 88.39 742.25 Td (ehicle Retail Data) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 724.25 Td (\(dollars in thousands, except per unit amounts\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.46 724.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 672.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 672.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 672.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 672.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 672.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 672.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 672.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 672.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 672.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 672.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 672.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 672.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 672.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 672.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 644.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 644.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 644.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 644.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 644.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 644.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 644.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 644.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 644.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 644.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 644.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 644.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 644.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 644.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 616.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 616.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 616.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 616.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 616.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 616.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 616.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 616.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 616.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 616.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 616.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 616.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 616.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 616.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 588.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 588.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 588.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 588.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 588.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 588.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 588.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 588.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 588.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 588.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 588.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 588.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 588.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 588.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 560.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 560.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 560.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 560.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 560.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 560.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 560.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 560.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 560.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 560.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 560.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 560.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 560.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 560.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 532.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 532.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 532.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 532.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 532.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 532.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 532.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 532.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 532.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 532.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 532.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 532.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 532.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 532.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 504.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 504.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 504.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 504.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 504.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 504.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 504.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 504.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 504.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 504.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 504.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 504.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 504.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 504.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 476.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 476.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 476.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 476.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 476.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 476.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 476.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 476.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 476.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 476.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 476.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 476.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 476.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 476.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 448.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 448.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 448.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 448.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 448.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 448.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 448.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 448.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 448.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 448.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 448.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 448.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 448.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 448.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 420.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 420.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 420.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 420.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 420.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 420.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 420.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 420.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 420.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 420.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 420.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 420.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 420.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 420.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 392.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 392.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 392.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 392.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 392.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 392.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 392.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 392.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 392.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 392.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 392.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 392.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 392.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 392.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 364.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 364.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 364.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 364.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 364.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 364.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 364.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 364.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 364.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 364.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 364.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 364.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 364.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 364.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 336.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 336.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 336.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 336.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 336.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 336.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 336.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 336.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 336.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 336.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 336.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 336.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 336.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 336.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 308.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 308.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 308.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 308.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 308.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 308.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 308.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 308.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 308.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 308.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 308.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 308.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 308.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 308.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 280.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 280.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 280.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 280.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 280.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 280.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 280.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 280.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 280.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 280.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 280.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 280.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 280.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 280.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 252.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 252.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 252.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 252.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 252.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 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268.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 616.75 m 382.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 616.75 m 386.5 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 616.75 m 448.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 616.75 m 562.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 602.75 m 386.5 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 588.75 m 386.5 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 574.75 m 386.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 560.75 m 386.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 546.75 m 268.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 546.75 m 382.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 546.75 m 386.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 546.75 m 448.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 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/GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 420.75 m 386.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 406.75 m 268.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 406.75 m 382.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 406.75 m 386.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 406.75 m 448.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 406.75 m 562.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 392.75 m 386.5 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 378.75 m 386.5 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 364.75 m 386.5 350.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 350.75 m 386.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 336.75 m 268.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 336.75 m 382.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 336.75 m 386.5 322.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 336.75 m 448.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 336.75 m 562.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 322.75 m 386.5 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 308.75 m 386.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 294.75 m 386.5 280.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 280.75 m 386.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 266.75 m 268.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 266.75 m 382.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 266.75 m 386.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 266.75 m 448.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 266.75 m 562.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 252.75 m 386.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 238.75 m 386.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 224.75 m 386.5 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 210.75 m 386.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 196.75 m 386.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 182.75 m 386.5 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 168.75 m 386.5 154.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 154.75 m 386.5 140.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 140.75 m 386.5 126.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 126.75 m 386.5 112.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 112.75 m 386.5 99.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 99.75 m 386.5 86.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 86.75 m 386.5 73.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 73.75 m 386.5 60.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 60.75 m 386.5 47.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 47.75 m 386.5 47.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 47.25 m BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 698.21 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.75 698.20 Td (For The Year Ended December31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 677.21 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 230.00 677.20 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 291.50 685.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.20 676.15 Td (Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 344.00 677.20 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.00 677.20 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.50 685.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.20 676.15 Td (Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.20 677.20 Td (2011) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 664.01 Td (Retail Unit Sales) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 650.01 Td (Same Stores) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 636.01 Td (U.S.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.25 635.21 Td (119,213) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.60 635.21 Td (4.3%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.25 635.21 Td (114,265) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.25 635.21 Td (112,845) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.35 635.21 Td (17.3%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.75 635.21 Td (96,188) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 622.01 Td (U.K.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.25 621.21 Td (8,428) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.60 621.21 Td (8.4%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 354.25 621.21 Td (7,778) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 621.21 Td (5,071) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.60 621.21 Td (\(0.1\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.25 621.21 Td (5,077) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 608.01 Td (Total Same Stores) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.25 607.21 Td (127,641) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.60 607.21 Td (4.6%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.25 607.21 Td (122,043) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.25 607.21 Td (117,916) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.35 607.21 Td (16.4%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.25 607.21 Td (101,265) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 594.01 Td (Transactions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 580.01 Td (U.S.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.25 579.21 Td (5,856) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 354.25 579.21 Td (6,270) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 579.21 Td (7,690) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.00 579.21 Td (757) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 566.01 Td (U.K.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.25 565.21 Td (5,271) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 361.00 565.21 Td (237) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 565.21 Td (2,944) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 565.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 552.01 Td (Brazil) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.75 551.21 Td (17,098) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.50 551.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.50 551.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 551.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 538.01 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.25 537.21 Td (155,866) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 284.35 537.21 Td (21.2%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.25 537.21 Td (128,550) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.25 537.21 Td (128,550) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.35 537.21 Td (26.0%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.25 537.21 Td (102,022) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 524.01 Td (Retail Sales Revenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 510.01 Td (Same Stores) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 496.01 Td (U.S.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 213.00 495.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.50 495.21 Td (4,053,242) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.60 495.21 Td (5.8%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 495.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.50 495.21 Td (3,830,652) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.00 495.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.50 495.21 Td (3,758,003) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.35 495.21 Td (17.2%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 507.00 495.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.50 495.21 Td (3,206,211) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 482.01 Td (U.K.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.25 481.21 Td (301,298) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.60 481.21 Td (8.8%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.25 481.21 Td (276,986) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.25 481.21 Td (174,263) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.60 481.21 Td (\(0.4\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.25 481.21 Td (175,005) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 468.01 Td (Total Same Stores) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.50 467.21 Td (4,354,540) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.60 467.21 Td (6.0%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.50 467.21 Td (4,107,638) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.50 467.21 Td (3,932,266) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.35 467.21 Td (16.3%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.50 467.21 Td (3,381,216) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 454.01 Td (Transactions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 440.01 Td (U.S.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.25 439.21 Td (167,671) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.25 439.21 Td (173,559) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.25 439.21 Td (246,208) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.75 439.21 Td (21,431) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 426.01 Td (U.K.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.25 425.21 Td (140,239) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 354.25 425.21 Td (9,901) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.25 425.21 Td (112,624) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 425.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 412.01 Td (Brazil) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.25 411.21 Td (562,471) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.50 411.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.50 411.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 411.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 398.01 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 213.00 397.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.50 397.21 Td (5,224,921) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 284.35 397.21 Td (21.8%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 397.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.50 397.21 Td (4,291,098) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.00 397.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.50 397.21 Td (4,291,098) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.35 397.21 Td (26.1%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 507.00 397.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.50 397.21 Td (3,402,647) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 384.01 Td (Gross Profit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 370.01 Td (Same Stores) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 356.01 Td (U.S.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 213.00 355.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.25 355.21 Td (211,373) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 355.21 Td (\(3.0\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 355.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.25 355.21 Td (217,871) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.00 355.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.25 355.21 Td (210,384) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.60 355.21 Td (7.2%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 507.00 355.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.25 355.21 Td (196,300) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 342.01 Td (U.K.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.75 341.21 Td (21,265) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 341.21 Td (\(0.4\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 349.75 341.21 Td (21,350) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.75 341.21 Td (13,119) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.60 341.21 Td (2.2%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.75 341.21 Td (12,836) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 328.01 Td (Total Same Stores) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.25 327.21 Td (232,638) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 327.21 Td (\(2.8\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.25 327.21 Td (239,221) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.25 327.21 Td (223,503) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.60 327.21 Td (6.9%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.25 327.21 Td (209,136) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 314.01 Td (Transactions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 300.01 Td (U.S.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.25 299.21 Td (8,971) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 354.25 299.21 Td (7,588) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.75 299.21 Td (15,075) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.25 299.21 Td (1,202) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 286.01 Td (U.K.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.25 285.21 Td (7,177) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 361.00 285.21 Td (630) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 285.21 Td (8,861) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 285.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 272.01 Td (Brazil) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.75 271.21 Td (41,089) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.50 271.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.50 271.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 271.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 258.01 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 213.00 257.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 231.25 257.21 Td (289,875) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 284.35 257.21 Td (17.2%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 257.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.25 257.21 Td (247,439) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.00 257.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.25 257.21 Td (247,439) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.35 257.21 Td (17.6%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 507.00 257.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.25 257.21 Td (210,338) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 244.01 Td (Gross Profit per Retail Unit Sold) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 230.01 Td (Same Stores) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 216.01 Td (U.S.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 213.00 215.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.25 215.21 Td (1,773) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 215.21 Td (\(7.0\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 215.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 354.25 215.21 Td (1,907) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.00 215.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 215.21 Td (1,864) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.60 215.21 Td (\(8.7\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 507.00 215.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.25 215.21 Td (2,041) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 202.01 Td (U.K.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 213.00 201.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.25 201.21 Td (2,523) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 201.21 Td (\(8.1\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 201.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 354.25 201.21 Td (2,745) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.00 201.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 201.21 Td (2,587) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.60 201.21 Td (2.3%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 507.00 201.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.25 201.21 Td (2,528) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 188.01 Td (Total Same Stores) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 213.00 187.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.25 187.21 Td (1,823) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 187.21 Td (\(7.0\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 187.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 354.25 187.21 Td (1,960) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.00 187.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 187.21 Td (1,895) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.60 187.21 Td (\(8.2\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 507.00 187.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.25 187.21 Td (2,065) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 174.01 Td (Transactions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 160.01 Td (U.S.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 213.00 159.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.25 159.21 Td (1,532) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 159.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 354.25 159.21 Td (1,210) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.00 159.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 159.21 Td (1,960) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 507.00 159.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.25 159.21 Td (1,588) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 146.01 Td (U.K.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 213.00 145.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.25 145.21 Td (1,362) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 145.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 354.25 145.21 Td (2,658) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.00 145.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 145.21 Td (3,010) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 507.00 145.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 145.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 132.01 Td (Brazil) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 213.00 131.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.25 131.21 Td (2,403) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 131.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.50 131.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.00 131.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.50 131.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 507.00 131.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 131.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 118.01 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 213.00 117.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.25 117.21 Td (1,860) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 117.21 Td (\(3.4\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 117.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 354.25 117.21 Td (1,925) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.00 117.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.25 117.21 Td (1,925) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.60 117.21 Td (\(6.6\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 507.00 117.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.25 117.21 Td (2,062) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 104.01 Td (Gross Margin) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 91.01 Td (Same Stores) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 78.01 Td (U.S.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.25 78.01 Td (5.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.50 78.01 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.25 78.01 Td (5.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.50 78.01 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 429.25 78.01 Td (5.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.50 78.01 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.25 78.01 Td (6.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.50 78.01 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 65.01 Td (U.K.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.25 65.01 Td (7.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.50 65.01 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.25 65.01 Td (7.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.50 65.01 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 429.25 65.01 Td (7.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.50 65.01 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.25 65.01 Td (7.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.50 65.01 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 65.00 52.01 Td (Total Same Stores) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.25 52.01 Td (5.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.50 52.01 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.25 52.01 Td (5.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.50 52.01 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 429.25 52.01 Td (5.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.50 52.01 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.25 52.01 Td (6.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.50 52.01 Td (%) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 99 0 obj <>] /Rotate 0 /Contents 100 0 R>> endobj 100 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (47) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 733.50 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 733.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 733.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 733.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 733.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 733.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 733.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 733.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 733.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 733.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 733.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 733.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 733.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 733.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 705.50 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 705.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 705.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 705.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 705.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 705.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 705.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 705.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 705.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 705.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 705.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 705.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 705.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 705.50 58.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 748 m 386.5 747.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 747.5 m 386.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 733.5 m 386.5 719.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 719.5 m 386.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 705.5 m 386.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 691.5 m 386.5 677.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 738.76 Td (Transactions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 724.76 Td (U.S.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.25 723.96 Td (5.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.50 723.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.25 723.96 Td (4.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.50 723.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 429.25 723.96 Td (6.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.50 723.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.25 723.96 Td (5.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.50 723.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 710.76 Td (U.K.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.25 709.96 Td (5.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.50 709.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.25 709.96 Td (6.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.50 709.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 429.25 709.96 Td (7.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.50 709.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 709.96 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.50 709.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 696.76 Td (Brazil) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.25 695.96 Td (7.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.50 695.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.50 695.96 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.50 695.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.50 695.96 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.50 695.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 695.96 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.50 695.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 682.76 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.25 681.96 Td (5.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.50 681.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.25 681.96 Td (5.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.50 681.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 429.25 681.96 Td (5.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.50 681.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.25 681.96 Td (6.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.50 681.96 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 660.00 Td (The following table sets forth our top ten Same Store brands, based on retail unit sales volume and the percentage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 648.00 Td (changes from year to year) Tj ET Q q 0 0 0 rg BT 153.44 648.00 Td (, as well as Same Store unit sales mix:) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 630.00 Td (Same Store New V) Tj ET Q q 0 0 0 rg BT 137.84 630.00 Td (ehicle Unit Sales) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 207.28 630.00 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 576.50 144.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 576.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 576.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 576.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 576.50 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 576.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 576.50 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 576.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 576.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 576.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 576.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 576.50 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 576.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 576.50 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 548.50 144.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 548.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 548.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 548.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 548.50 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 548.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 548.50 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 548.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 548.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 548.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 548.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 548.50 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 548.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 548.50 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 520.50 144.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 520.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 520.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 520.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 520.50 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 520.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 520.50 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 520.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 520.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 520.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 520.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 520.50 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 520.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 520.50 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 492.50 144.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 492.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 492.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 492.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 492.50 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 492.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 492.50 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 492.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 492.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 492.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 492.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 492.50 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 492.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 492.50 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 464.50 144.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 464.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 464.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 464.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 464.50 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 464.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 464.50 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 464.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 464.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 464.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 464.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 464.50 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 464.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 464.50 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 435.50 144.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 435.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 435.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 435.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 435.50 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 435.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 435.50 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 435.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 435.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 435.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 435.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 435.50 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 435.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 435.50 57.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 599.5 m 254.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 599.5 m 258.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 599.5 m 315.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 599.5 m 319.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 599.5 m 376.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 599.5 m 384.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 599.5 m 440.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 599.5 m 444.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 599.5 m 501.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 599.5 m 505.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 599.5 m 562.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 599.5 m 254.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 576.5 m 254.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 576.5 m 315.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 576.5 m 376.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 599.5 m 380.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 599.5 m 380.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 576.5 m 440.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 576.5 m 501.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 576.5 m 562.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 576.5 m 254.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 576.5 m 376.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 576.5 m 380.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 576.5 m 440.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 576.5 m 562.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 562.5 m 380.5 548.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 548.5 m 380.5 534.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 534.5 m 380.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 520.5 m 380.5 506.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 506.5 m 380.5 492.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 492.5 m 380.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 478.5 m 380.5 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 464.5 m 380.5 449.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 449.5 m 380.5 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 435.5 m 380.5 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 421.5 m 254.5 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 408.5 m 254.5 408.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 406.5 m 254.5 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 421.5 m 376.5 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 408.5 m 376.5 408.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 406.5 m 376.5 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 421.5 m 380.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 421.5 m 440.5 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 408.5 m 440.5 408.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 406.5 m 440.5 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 421.5 m 562.5 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 408.5 m 562.5 408.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 406.5 m 562.5 406.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 603.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 321.10 603.73 Td (For The Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 580.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 218.00 580.73 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.50 588.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 273.35 580.73 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.50 580.73 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.00 580.73 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.50 588.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.35 580.73 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.70 580.73 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 567.07 Td (Toyota) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.15 567.07 Td (32,262) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.05 567.07 Td (2.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.15 567.07 Td (31,526) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.15 567.07 Td (32,738) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.55 567.07 Td (26.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 567.07 Td (25,935) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 553.07 Td (Ford) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.15 553.07 Td (12,444) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.75 553.07 Td (10.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.15 553.07 Td (11,288) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.15 553.07 Td (10,455) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.75 553.07 Td (18.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 553.07 Td (8,844) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 539.07 Td (Nissan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.15 539.07 Td (12,121) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.25 539.07 Td (6.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.15 539.07 Td (11,386) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.15 539.07 Td (13,637) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.25 539.07 Td (6.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 539.07 Td (12,860) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 525.07 Td (BMW) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.15 525.07 Td (11,912) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.75 525.07 Td (11.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.15 525.07 Td (10,720) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.15 525.07 Td (10,253) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.25 525.07 Td (2.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 525.07 Td (10,010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 511.07 Td (Honda) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.15 511.07 Td (10,511) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.25 511.07 Td (0.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.15 511.07 Td (10,422) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.15 511.07 Td (10,837) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.75 511.07 Td (26.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 511.07 Td (8,604) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 497.07 Td (Mercedes-Benz) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.15 497.07 Td (6,652) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.25 497.07 Td (6.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.15 497.07 Td (6,248) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.15 497.07 Td (6,248) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.25 497.07 Td (7.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 497.07 Td (5,839) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 483.07 Td (Lexus) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.15 483.07 Td (5,724) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.25 483.07 Td (8.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.15 483.07 Td (5,269) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.15 483.07 Td (5,269) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.75 483.07 Td (19.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 483.07 Td (4,418) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 469.07 Td (Chevrolet) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.15 469.07 Td (4,480) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.25 469.07 Td (8.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.15 469.07 Td (4,116) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.15 469.07 Td (4,116) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.25 469.07 Td (5.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 469.07 Td (3,893) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 454.17 Td (Volkswagen) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.15 454.17 Td (4,278) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.90 454.17 Td (\(7.7\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.15 454.17 Td (4,637) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.15 454.17 Td (2,176) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.75 454.17 Td (13.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 454.17 Td (1,915) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 440.07 Td (Audi) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.15 440.07 Td (3,762) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.25 440.07 Td (9.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.15 440.07 Td (3,437) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 440.07 Td (730) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.50 440.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 440.07 Td (730) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 426.07 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.15 426.07 Td (23,495) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.25 426.07 Td (2.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.15 426.07 Td (22,994) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.15 426.07 Td (21,457) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.75 426.07 Td (17.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 426.07 Td (18,217) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 412.07 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.15 412.07 Td (127,641) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.05 412.07 Td (4.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.15 412.07 Td (122,043) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.15 412.07 Td (117,916) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.55 412.07 Td (16.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 412.07 Td (101,265) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 390.00 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 390.00 Td (e believe the focus that we have placed on improving our dealership sales processes, as well as the increase in overall ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 378.00 Td (industry sales, have contributed to increased Same Store new vehicle retail sales. Our total Same Store new vehicle retail sales ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 366.00 Td (revenues increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.29 366.00 Td (6.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.12 366.00 Td ( for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.58 366.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.17 366.00 Td (, as compared to the same period in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.29 366.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.29 366.00 Td (, as a result of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 354.00 Td (increased new vehicle retail unit sales of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.65 354.00 Td (4.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.48 354.00 Td ( in the U.S. and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.20 354.00 Td (8.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.03 354.00 Td ( in the U.K. New vehicle retail unit sales improved in most ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 342.00 Td (of our major brand of) Tj ET Q q 0 0 0 rg BT 135.90 342.00 Td (ferings, highlighted by an 1) Tj ET Q q 0 0 0 rg BT 245.79 342.00 Td (1.1% increase in BMW) Tj ET Q q 0 0 0 rg BT 338.74 342.00 Td (, a 10.2% growth in Ford, a 6.5% growth in Nissan and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 330.00 Td (a 2.3% improvement in ) Tj ET Q q 0 0 0 rg BT 146.19 330.00 Td (T) Tj ET Q q 0 0 0 rg BT 151.60 330.00 Td (oyota unit sales. ) Tj ET Q q 0 0 0 rg BT 218.63 330.00 Td (The level of retail sales, as well as our own ability to retain or grow market share ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 318.00 Td (during any future period, is dif) Tj ET Q q 0 0 0 rg BT 172.57 318.00 Td (ficult to predict.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.00 300.00 Td (Our total Same Store new vehicle gross profit decreased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.43 300.00 Td (2.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.26 300.00 Td ( for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.72 300.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.30 300.00 Td (, as compared to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 288.00 Td (same period in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.37 288.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.37 288.00 Td (, driven by a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.86 288.00 Td (7.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.69 288.00 Td ( decline in U.S. Same Store gross profit per retail unit \("PRU"\) to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.20 288.00 Td ($1,773) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.70 288.00 Td (. Competition ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 276.00 Td (among U.S. dealerships for new vehicle sales continued to escalate during ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.08 276.00 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.08 276.00 Td (, causing downward price pressure on most of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 264.00 Td (our major brands and in most of our markets. ) Tj ET Q q 0 0 0 rg BT 232.74 264.00 Td (As a result, our total Same Store new vehicle gross mar) Tj ET Q q 0 0 0 rg BT 454.45 264.00 Td (gin for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.61 264.00 Td (twelve months ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 252.00 Td (ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.88 252.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.38 252.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.96 252.00 Td ( declined 50 basis points to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.06 252.00 Td (5.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.89 252.00 Td ( as compared to the same period in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.51 252.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.51 252.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 234.00 Td (In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.33 234.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.33 234.00 Td (, our total Same Store new vehicle retail sales revenues increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.56 234.00 Td (16.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.39 234.00 Td (, primarily as a result of increased new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 222.00 Td (vehicle retail unit sales of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.24 222.00 Td (16.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.07 222.00 Td (, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.10 222.00 Td (201) Tj ET Q q 0 0 0 rg BT 263.73 222.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.73 222.00 Td (. ) Tj ET Q q 0 0 0 rg BT 273.55 222.00 Td (The mix shift ef) Tj ET Q q 0 0 0 rg BT 337.52 222.00 Td (fect on revenues from the normalization of our high ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 210.00 Td (volume brand inventories contributed to a decline in our total Same Store revenues PRU, which decreased 0.1% to $33,348 in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 198.00 Td (2012, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.03 198.00 Td (201) Tj ET Q q 0 0 0 rg BT 152.66 198.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.66 198.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 180.00 Td (Our total Same Store new vehicle gross profit increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.27 180.00 Td (6.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.10 180.00 Td ( for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.56 180.00 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.14 180.00 Td (, as a result of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 168.00 Td (16.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.83 168.00 Td ( increase in new vehicle retail unit sales. ) Tj ET Q q 0 0 0 rg BT 239.75 168.00 Td (The balancing of industry-wide inventory levels resulted in a mix shift to our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 156.00 Td (high volume brands, which contributed to a decline in our total Same Store gross profit PRU by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.49 156.00 Td (8.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.32 156.00 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.10 156.00 Td ($1,895) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.60 156.00 Td ( for the twelve ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 144.00 Td (months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.33 144.00 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.91 144.00 Td (, as compared to the same period in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.03 144.00 Td (201) Tj ET Q q 0 0 0 rg BT 345.66 144.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.66 144.00 Td (. ) Tj ET Q q 0 0 0 rg BT 355.11 144.00 Td (As a result, our total Same Store new vehicle gross ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 132.00 Td (mar) Tj ET Q q 0 0 0 rg BT 65.37 132.00 Td (gin for 2012 declined 50 basis points to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.90 132.00 Td (5.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.73 132.00 Td ( from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.17 132.00 Td (201) Tj ET Q q 0 0 0 rg BT 285.80 132.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.80 132.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 114.00 Td (Most manufacturers of) Tj ET Q q 0 0 0 rg BT 163.40 114.00 Td (fer interest assistance to of) Tj ET Q q 0 0 0 rg BT 269.85 114.00 Td (fset floorplan interest char) Tj ET Q q 0 0 0 rg BT 374.90 114.00 Td (ges incurred in connection with inventory ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 102.00 Td (purchases. ) Tj ET Q q 0 0 0 rg BT 94.25 102.00 Td (This assistance varies by manufacturer) Tj ET Q q 0 0 0 rg BT 248.79 102.00 Td (, but generally provides for a defined amount, adjusted periodically for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 90.00 Td (changes in market interest rates, regardless of our actual floorplan interest rate or the length of time for which the inventory is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 78.00 Td (financed. ) Tj ET Q q 0 0 0 rg BT 89.24 78.00 Td (W) Tj ET Q q 0 0 0 rg BT 97.88 78.00 Td (e record these incentives as a reduction of new vehicle cost of sales as the vehicles are sold, impacting the gross ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 66.00 Td (profit and gross mar) Tj ET Q q 0 0 0 rg BT 130.63 66.00 Td (gin detailed above. ) Tj ET Q q 0 0 0 rg BT 208.76 66.00 Td (The total assistance recognized in cost of sales during the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.88 66.00 Td (December31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 54.00 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 54.00 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 54.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 54.00 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.94 54.00 Td (201) Tj ET Q q 0 0 0 rg BT 131.57 54.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.57 54.00 Td ( was $38.5 million, $33.9 million, and $26.1 million, respectively) Tj ET Q q 0 0 0 rg BT 398.39 54.00 Td (. ) Tj ET Q q 0 0 0 rg BT 403.21 54.00 Td (The amount of interest assistance we ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 101 0 obj <>] /Rotate 0 /Contents 102 0 R>> endobj 102 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (recognize in a given period is primarily a function of: \(a\) the mix of units being sold, as U.S. domestic brands tend to provide ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (more assistance, \(b\) the specific terms of the respective manufacturers' interest assistance programs and market interest rates, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (\(c\) the average wholesale price of inventory sold, and \(d\) our rate of inventory turnover) Tj ET Q q 0 0 0 rg BT 399.59 718.10 Td (. Over the past three years, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (manufacturers' interest assistance as a percentage of our total consolidated floorplan interest expense has ranged from 87.3% in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (the first quarter of 2013 to 1) Tj ET Q q 0 0 0 rg BT 162.38 694.10 Td (15.9% in the third quarter of 2012 and was 94.4% for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.43 694.10 Td (fourth quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.69 694.10 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.02 694.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.02 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 486.84 694.10 Td (The ratio for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (fourth quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.25 682.10 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.58 682.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.58 682.10 Td ( of 94.4% was 8.8 percentage points lower than the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.75 682.10 Td (fourth quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.00 682.10 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.33 682.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.33 682.10 Td ( primarily due to the country ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (mix ef) Tj ET Q q 0 0 0 rg BT 75.64 670.10 Td (fect, since the U.K. receives a much lower rate of assistance as compared to the U.S., and Brazil does not receive this ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (type of assistance from the manufacturers. In the U.S., manufacturer's interest assistance was 1) Tj ET Q q 0 0 0 rg BT 428.80 658.10 Td (14.1% of floorplan interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (expense in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.70 646.10 Td (fourth quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 164.96 646.10 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.29 646.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.29 646.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 628.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 628.10 Td (e increased our new vehicle inventory levels by $269.8 million, or 30.1%, from $895.5 million as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.38 628.10 Td (December31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 616.10 Td ( to $1,165.3 million as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.33 616.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.91 616.10 Td (, primarily in response to an improved selling environment and our recent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (dealership acquisitions. Our consolidated days' supply of new vehicle inventory increased to 72 days as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.97 604.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 555.56 604.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (compared to 63 days as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.19 592.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.78 592.10 Td (.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 103 0 obj <>] /Rotate 0 /Contents 104 0 R>> endobj 104 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (49) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 736.25 Td (Used V) Tj ET Q q 0 0 0 rg BT 90.11 736.25 Td (ehicle Retail Data) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.50 718.25 Td (\(dollars in thousands, except per unit amounts\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 248.96 718.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 669.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 669.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 669.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 669.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 669.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 669.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 669.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 669.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 669.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 669.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 669.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 669.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 669.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 669.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 641.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 641.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 641.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 641.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 641.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 641.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 641.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 641.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 641.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 641.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 641.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 641.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 641.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 641.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 613.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 613.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 613.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 613.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 613.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 613.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 613.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 613.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 613.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 613.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 613.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 613.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 613.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 613.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 585.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 585.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 585.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 585.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 585.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 585.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 585.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 585.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 585.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 585.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 585.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 585.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 585.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 585.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 557.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 557.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 557.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 557.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 557.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 557.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 557.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 557.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 557.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 557.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 557.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 557.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 557.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 557.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 529.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 529.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 529.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 529.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 529.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 529.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 529.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 529.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 529.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 529.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 529.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 529.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 529.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 529.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 501.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 501.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 501.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 501.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 501.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 501.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 501.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 501.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 501.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 501.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 501.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 501.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 501.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 501.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 473.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 473.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 473.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 473.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 473.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 473.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 473.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 473.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 473.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 473.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 473.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 473.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 473.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 473.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 445.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 445.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 445.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 445.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 445.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 445.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 445.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 445.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 445.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 445.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 445.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 445.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 445.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 445.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 417.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 417.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 417.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 417.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 417.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 417.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 417.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 417.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 417.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 417.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 417.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 417.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 417.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 417.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 389.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 389.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 389.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 389.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 389.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 389.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 389.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 389.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 389.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 389.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 389.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 389.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 389.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 389.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 361.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 361.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 361.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 361.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 361.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 361.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 361.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 361.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 361.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 361.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 361.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 361.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 361.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 361.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 333.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 333.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 333.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 333.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 333.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 333.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 333.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 333.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 333.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 333.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 333.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 333.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 333.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 333.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 305.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 305.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 305.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 305.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 305.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 305.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 305.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 305.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 305.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 305.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 305.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 305.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 305.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 305.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 277.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 277.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 277.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 277.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 277.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 277.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 277.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 277.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 277.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 277.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 277.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 277.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 277.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 277.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 249.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 249.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 249.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 249.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 249.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 249.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 249.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 249.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 249.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 249.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 249.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 249.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 249.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 249.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 221.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 221.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 221.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 221.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 221.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 221.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 221.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 221.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 221.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 221.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 221.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 221.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 221.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 221.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 193.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 193.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 193.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 193.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 193.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 193.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 193.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 193.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 193.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 193.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 193.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 193.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 193.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 193.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 165.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 165.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 165.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 165.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 165.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 165.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 165.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 165.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 165.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 165.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 165.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 165.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 165.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 165.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 137.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 137.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 137.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 137.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 137.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 137.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 137.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 137.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 137.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 137.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 137.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 137.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 137.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 137.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 109.75 120.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 109.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 109.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 109.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.00 109.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 109.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 109.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 109.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 109.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 109.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 109.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 109.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 109.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 109.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 81.75 120.00 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/GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174 689.75 m 234 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 689.75 m 238 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238 689.75 m 299 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 689.75 m 303 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 689.75 m 364 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 689.75 m 432 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 689.75 m 436 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 689.75 m 497 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 689.75 m 501 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 689.75 m 562 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174 689.75 m 234 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174 669.75 m 234 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238 669.75 m 299 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 669.75 m 364 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 689.75 m 368 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 689.75 m 368 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 689.75 m 372 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 689.75 m 432 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 669.75 m 432 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 689.75 m 436 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 689.75 m 497 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 669.75 m 497 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 689.75 m 501 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 689.75 m 562 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 669.75 m 562 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 669.75 m 368 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 655.75 m 368 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 641.75 m 368 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 627.75 m 368 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174 613.75 m 234 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 613.75 m 364 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 613.75 m 368 599.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 613.75 m 432 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 613.75 m 562 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 599.75 m 368 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 585.75 m 368 571.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 571.75 m 368 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 557.75 m 368 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174 543.75 m 234 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 543.75 m 364 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 543.75 m 368 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 543.75 m 432 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 543.75 m 562 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 529.75 m 368 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 515.75 m 368 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 501.75 m 368 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 487.75 m 368 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174 473.75 m 234 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 473.75 m 364 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 473.75 m 368 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 473.75 m 432 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 473.75 m 562 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 459.75 m 368 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 445.75 m 368 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 431.75 m 368 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 417.75 m 368 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174 403.75 m 234 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 403.75 m 364 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 403.75 m 368 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 403.75 m 432 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 403.75 m 562 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 389.75 m 368 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 375.75 m 368 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 361.75 m 368 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 347.75 m 368 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174 333.75 m 234 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 333.75 m 364 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 333.75 m 368 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 333.75 m 432 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 333.75 m 562 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 319.75 m 368 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 305.75 m 368 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 291.75 m 368 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 277.75 m 368 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174 263.75 m 234 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 263.75 m 364 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 263.75 m 368 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 263.75 m 432 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 263.75 m 562 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 249.75 m 368 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 235.75 m 368 221.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 221.75 m 368 207.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 207.75 m 368 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 193.75 m 368 179.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 179.75 m 368 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 165.75 m 368 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 151.75 m 368 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 137.75 m 368 123.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 123.75 m 368 109.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 109.75 m 368 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 95.75 m 368 81.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 81.75 m 368 67.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 67.75 m 368 53.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 53.75 m 368 53.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 693.70 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 308.60 693.83 Td (For The Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 674.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.50 673.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 264.00 681.83 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 254.85 673.83 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 325.00 673.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.50 673.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 462.00 681.83 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.85 673.83 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.20 673.98 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 660.32 Td (Retail Unit Sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 646.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 632.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.65 632.32 Td (80,434) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.55 632.32 Td (4.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.65 632.32 Td (77,214) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.65 632.32 Td (75,793) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.05 632.32 Td (13.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 632.32 Td (66,939) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 618.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.65 618.32 Td (5,182) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.05 618.32 Td (13.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.65 618.32 Td (4,570) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 618.32 Td (3,302) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.55 618.32 Td (5.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 618.32 Td (3,130) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 604.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.65 604.32 Td (85,616) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.55 604.32 Td (4.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.65 604.32 Td (81,784) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.65 604.32 Td (79,095) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.05 604.32 Td (12.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 604.32 Td (70,069) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 590.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 576.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.65 576.32 Td (4,931) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.65 576.32 Td (3,500) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 576.32 Td (4,921) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.15 576.32 Td (406) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 562.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.65 562.32 Td (3,927) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.15 562.32 Td (82) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 562.32 Td (1,350) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 562.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 548.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.65 548.32 Td (4,339) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.15 548.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 548.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 548.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 534.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.65 534.32 Td (98,813) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.05 534.32 Td (15.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.65 534.32 Td (85,366) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.65 534.32 Td (85,366) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.05 534.32 Td (21.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 534.32 Td (70,475) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 520.32 Td (Retail Sales Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 506.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 492.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.50 492.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.10 492.32 Td (1,646,050) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.55 492.32 Td (5.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.50 492.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.10 492.32 Td (1,562,637) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.50 492.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.10 492.32 Td (1,527,975) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.05 492.32 Td (15.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 492.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.10 492.32 Td (1,325,918) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 478.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.65 478.32 Td (148,825) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.05 478.32 Td (14.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.65 478.32 Td (130,600) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.65 478.32 Td (90,297) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.55 478.32 Td (8.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 478.32 Td (83,335) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 464.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.10 464.32 Td (1,794,875) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.55 464.32 Td (6.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.10 464.32 Td (1,693,237) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.10 464.32 Td (1,618,272) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.05 464.32 Td (14.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.10 464.32 Td (1,409,253) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 450.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 436.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.65 436.32 Td (82,022) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.65 436.32 Td (60,951) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.65 436.32 Td (95,613) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 436.32 Td (7,267) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 422.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.65 422.32 Td (72,765) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.65 422.32 Td (2,730) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.65 422.32 Td (43,033) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 422.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 408.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.65 408.32 Td (89,766) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.15 408.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 408.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 408.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 394.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.50 394.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.10 394.32 Td (2,039,428) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.05 394.32 Td (16.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.50 394.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.10 394.32 Td (1,756,918) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.50 394.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.10 394.32 Td (1,756,918) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.05 394.32 Td (24.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 394.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.10 394.32 Td (1,416,520) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 380.32 Td (Gross Profit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 366.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 352.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.50 352.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.65 352.32 Td (133,882) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.55 352.32 Td (1.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.50 352.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.65 352.32 Td (132,429) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.50 352.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.65 352.32 Td (128,228) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.55 352.32 Td (8.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 352.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.65 352.32 Td (118,704) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 338.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.65 338.32 Td (9,575) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.05 338.32 Td (11.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.65 338.32 Td (8,586) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 338.32 Td (6,428) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.05 338.32 Td (28.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 338.32 Td (5,004) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 324.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.65 324.32 Td (143,457) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.55 324.32 Td (1.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.65 324.32 Td (141,015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.65 324.32 Td (134,656) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.55 324.32 Td (8.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.65 324.32 Td (123,708) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 310.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 296.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.65 296.32 Td (8,171) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.65 296.32 Td (4,877) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 296.32 Td (9,078) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.15 296.32 Td (816) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 282.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.65 282.32 Td (4,876) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.15 282.32 Td (114) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 282.32 Td (2,272) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 282.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 268.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.65 268.32 Td (4,375) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.15 268.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 268.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 268.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 254.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.50 254.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.65 254.32 Td (160,879) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.05 254.32 Td (10.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.50 254.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.65 254.32 Td (146,006) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.50 254.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.65 254.32 Td (146,006) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.05 254.32 Td (17.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 254.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.65 254.32 Td (124,524) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 240.32 Td (Gross Profit per Retail) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 226.32 Td (Unit Sold) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 212.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 198.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.50 198.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.65 198.32 Td (1,664) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.25 198.32 Td (\(3.0\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.50 198.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.65 198.32 Td (1,715) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.50 198.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 198.32 Td (1,692) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.25 198.32 Td (\(4.6\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 198.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 198.32 Td (1,773) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 184.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.50 184.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.65 184.32 Td (1,848) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.25 184.32 Td (\(1.6\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.50 184.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.65 184.32 Td (1,879) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.50 184.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 184.32 Td (1,947) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.05 184.32 Td (21.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 184.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 184.32 Td (1,599) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 170.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.50 170.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.65 170.32 Td (1,676) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.25 170.32 Td (\(2.8\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.50 170.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.65 170.32 Td (1,724) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.50 170.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 170.32 Td (1,702) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.25 170.32 Td (\(3.6\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 170.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 170.32 Td (1,766) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 156.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 142.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.50 142.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.65 142.32 Td (1,657) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.50 142.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.65 142.32 Td (1,393) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.50 142.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 142.32 Td (1,845) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 142.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 142.32 Td (2,010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 128.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.50 128.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.65 128.32 Td (1,242) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.50 128.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.65 128.32 Td (1,390) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.50 128.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 128.32 Td (1,683) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 128.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 128.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 114.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.50 114.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.65 114.32 Td (1,008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.50 114.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.15 114.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.50 114.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 114.32 Td () Tj ET Q BT /F2 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-14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 614.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 586.75 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 586.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 586.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 586.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 586.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 586.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 586.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 558.75 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 558.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 558.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 558.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 558.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 558.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 558.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 530.75 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 530.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 530.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 530.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 530.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 530.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 530.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 502.75 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 502.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 502.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 502.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 502.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 502.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 502.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 474.75 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 474.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 474.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 474.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 474.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 474.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 474.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 446.75 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 446.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 446.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 446.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 446.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 446.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 446.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 418.75 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 418.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 418.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 418.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 418.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 418.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 418.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 390.75 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 390.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 390.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 390.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 390.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 390.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 390.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 362.75 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 362.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 362.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 362.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 362.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 362.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 362.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 334.75 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 334.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 334.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 334.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 334.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 334.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 334.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 306.75 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 306.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 306.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 306.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 306.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 306.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 306.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 278.75 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 278.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 278.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 278.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 278.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 278.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 278.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 250.75 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 250.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 250.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 250.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 250.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 250.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 250.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 222.75 126.00 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0.8 0.9333333333333333 1 rg /GS0 gs 50.00 194.75 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 194.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 194.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 194.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 194.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 194.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 194.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 166.75 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 166.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 166.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 166.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 166.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 166.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 166.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 138.75 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 138.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 138.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 138.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 138.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 138.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 138.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 110.75 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 110.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 110.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 110.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 110.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 110.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 110.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 110.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 110.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 110.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 110.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 110.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 110.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 110.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 82.75 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 82.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 82.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 82.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 82.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 82.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 82.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 82.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 82.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 82.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 82.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 82.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 82.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 82.75 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180 693.75 m 239 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 693.75 m 243 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243 693.75 m 303 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 693.75 m 307 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 693.75 m 367 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 693.75 m 434 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 693.75 m 438 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 693.75 m 498 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 693.75 m 502 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 693.75 m 562 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180 693.75 m 239 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180 670.75 m 239 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243 670.75 m 303 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 693.75 m 367 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 670.75 m 367 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 693.75 m 371 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 693.75 m 371 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 693.75 m 375 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 670.75 m 434 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 670.75 m 498 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 670.75 m 562 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 670.75 m 371 656.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 656.75 m 371 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 642.75 m 371 628.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 628.75 m 371 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180 614.75 m 239 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 614.75 m 367 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 614.75 m 371 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 614.75 m 434 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 614.75 m 562 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 600.75 m 371 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 586.75 m 371 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 572.75 m 371 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 558.75 m 371 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180 544.75 m 239 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 544.75 m 367 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 544.75 m 371 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 544.75 m 434 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 544.75 m 562 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 530.75 m 371 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 516.75 m 371 502.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 502.75 m 371 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 488.75 m 371 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180 474.75 m 239 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 474.75 m 367 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 474.75 m 371 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 474.75 m 434 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 474.75 m 562 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 460.75 m 371 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 446.75 m 371 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 432.75 m 371 418.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 418.75 m 371 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180 404.75 m 239 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 404.75 m 367 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 404.75 m 371 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 404.75 m 434 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 404.75 m 562 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 390.75 m 371 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 376.75 m 371 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 362.75 m 371 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 348.75 m 371 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180 334.75 m 239 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 334.75 m 367 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 334.75 m 371 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 334.75 m 434 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 334.75 m 562 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 320.75 m 371 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 306.75 m 371 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 292.75 m 371 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 278.75 m 371 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180 264.75 m 239 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 264.75 m 367 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 264.75 m 371 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 264.75 m 434 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 264.75 m 562 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 250.75 m 371 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 236.75 m 371 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 222.75 m 371 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 208.75 m 371 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 194.75 m 371 180.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 180.75 m 371 166.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 166.75 m 371 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 152.75 m 371 138.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 138.75 m 371 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 124.75 m 371 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 110.75 m 371 96.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 96.75 m 371 82.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 82.75 m 371 68.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 68.75 m 371 54.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 54.75 m 371 54.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 698.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 311.60 697.98 Td (For The Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 675.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.00 674.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 268.50 682.98 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 259.35 674.98 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.50 674.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.00 674.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 463.50 682.98 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.35 674.98 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.70 674.98 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 661.32 Td (Wholesale Unit Sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 647.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 633.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.25 633.32 Td (37,614) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.05 633.32 Td (2.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.25 633.32 Td (36,590) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.25 633.32 Td (36,226) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.05 633.32 Td (9.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.25 633.32 Td (32,951) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 619.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.25 619.32 Td (4,979) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.05 619.32 Td (8.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.25 619.32 Td (4,610) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.25 619.32 Td (3,096) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.55 619.32 Td (13.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.25 619.32 Td (2,730) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 605.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.25 605.32 Td (42,593) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.05 605.32 Td (3.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.25 605.32 Td (41,200) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.25 605.32 Td (39,322) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.55 605.32 Td (10.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.25 605.32 Td (35,681) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 591.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 577.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.25 577.32 Td (2,507) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.25 577.32 Td (2,466) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.25 577.32 Td (2,830) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.80 577.32 Td (316) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 563.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.25 563.32 Td (2,756) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.80 563.32 Td (90) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.25 563.32 Td (1,604) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.80 563.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 549.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.25 549.32 Td (2,880) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.80 549.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.80 549.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.80 549.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 535.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.25 535.32 Td (50,736) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.55 535.32 Td (16.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.25 535.32 Td (43,756) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.25 535.32 Td (43,756) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.55 535.32 Td (21.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.25 535.32 Td (35,997) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 521.32 Td (Wholesale Sales Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 507.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 493.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.50 493.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.25 493.32 Td (226,486) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.75 493.32 Td (\(0.9\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.50 493.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.25 493.32 Td (228,604) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.50 493.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.25 493.32 Td (223,020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.05 493.32 Td (0.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.50 493.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.25 493.32 Td (222,458) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 479.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.25 479.32 Td (49,635) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.05 479.32 Td (7.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.25 479.32 Td (46,407) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.25 479.32 Td (31,032) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.55 479.32 Td (13.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.25 479.32 Td (27,235) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 465.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.25 465.32 Td (276,121) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.05 465.32 Td (0.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.25 465.32 Td (275,011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.25 465.32 Td (254,052) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.05 465.32 Td (1.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.25 465.32 Td (249,693) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 451.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 437.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.25 437.32 Td (10,509) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.25 437.32 Td (12,185) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.25 437.32 Td (17,769) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.25 437.32 Td (1,350) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 423.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.25 423.32 Td (16,442) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.80 423.32 Td (943) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.25 423.32 Td (16,318) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.80 423.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 409.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.25 409.32 Td (29,113) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.80 409.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.80 409.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.80 409.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 395.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.50 395.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.25 395.32 Td (332,185) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.55 395.32 Td (15.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.50 395.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.25 395.32 Td (288,139) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.50 395.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.25 395.32 Td (288,139) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.55 395.32 Td (14.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.50 395.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.25 395.32 Td (251,043) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 381.32 Td (Gross Profit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 367.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 353.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.50 353.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.45 353.32 Td (\(361) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.80 353.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.75 353.32 Td (\(111.6\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.50 353.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.25 353.32 Td (3,102) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.50 353.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.25 353.32 Td (2,913) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.25 353.32 Td (\(32.8\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.50 353.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.25 353.32 Td (4,333) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 339.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.45 339.32 Td (\(133) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.80 339.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.55 339.32 Td (57.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.45 339.32 Td (\(311) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.80 339.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.45 339.32 Td (\(242) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.80 339.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.05 339.32 Td (5.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.45 339.32 Td (\(255) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.80 339.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 325.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.45 325.32 Td (\(494) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.80 325.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.75 325.32 Td (\(117.7\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.25 325.32 Td (2,791) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.25 325.32 Td (2,671) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.25 325.32 Td (\(34.5\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.25 325.32 Td (4,078) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 311.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 297.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.45 297.32 Td (\(469) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.80 297.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.45 297.32 Td (\(288) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.80 297.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.45 297.32 Td (\(99) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.80 297.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.80 297.32 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 283.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.45 283.32 Td (\(723) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.80 283.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.45 283.32 Td (\(59) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.80 283.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.45 283.32 Td (\(128) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.80 283.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.80 283.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 269.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.25 269.32 Td (1,491) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.80 269.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.80 269.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.80 269.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 255.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.50 255.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.45 255.32 Td (\(195) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.80 255.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.75 255.32 Td (\(108.0\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.50 255.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.25 255.32 Td (2,444) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.50 255.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.25 255.32 Td (2,444) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.25 255.32 Td (\(40.1\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.50 255.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.25 255.32 Td (4,080) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 241.32 Td (Gross Profit per) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 227.32 Td (Wholesale Unit Sold) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 213.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 199.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.50 199.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.45 199.32 Td (\(10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.80 199.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.75 199.32 Td (\(111.8\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.50 199.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.80 199.32 Td (85) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.50 199.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.80 199.32 Td (80) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.25 199.32 Td (\(38.9\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.50 199.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.80 199.32 Td (131) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 185.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.50 185.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.45 185.32 Td (\(27) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.80 185.32 Td (\)) Tj ET 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[] 0 d 0 J 0 j 3 M 366 152.75 m 366 138.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 138.75 m 366 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 124.75 m 366 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 110.75 m 366 96.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 96.75 m 366 82.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 82.75 m 366 68.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 68.75 m 366 54.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 54.75 m 366 54.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 698.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.60 697.98 Td (For The Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 675.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 192.00 674.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 261.50 682.98 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 252.35 674.98 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 323.00 674.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.00 674.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 461.00 682.98 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 451.85 674.98 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.70 674.98 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 661.32 Td (Used Vehicle Unit Sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 647.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 633.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.65 633.32 Td (118,048) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.05 633.32 Td (3.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.65 633.32 Td (113,804) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.65 633.32 Td (112,019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.05 633.32 Td (12.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 633.32 Td (99,890) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 619.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.65 619.32 Td (10,161) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.55 619.32 Td (10.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.65 619.32 Td (9,180) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.65 619.32 Td (6,398) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.55 619.32 Td (9.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 619.32 Td (5,860) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 605.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.65 605.32 Td (128,209) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.05 605.32 Td (4.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.65 605.32 Td (122,984) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.65 605.32 Td (118,417) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.05 605.32 Td (12.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.65 605.32 Td (105,750) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 591.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 577.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.65 577.32 Td (7,438) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.65 577.32 Td (5,966) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.65 577.32 Td (7,751) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.15 577.32 Td (722) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 563.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.65 563.32 Td (6,683) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 563.32 Td (172) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.65 563.32 Td (2,954) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 563.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 549.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.65 549.32 Td (7,219) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.15 549.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.15 549.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 549.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 535.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.65 535.32 Td (149,549) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.55 535.32 Td (15.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.65 535.32 Td (129,122) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.65 535.32 Td (129,122) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.05 535.32 Td (21.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.65 535.32 Td (106,472) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 521.32 Td (Sales Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 507.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 493.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.50 493.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.10 493.32 Td (1,872,536) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.05 493.32 Td (4.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 493.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.10 493.32 Td (1,791,241) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.50 493.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.10 493.32 Td (1,750,995) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.05 493.32 Td (13.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.50 493.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.10 493.32 Td (1,548,376) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 479.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.65 479.32 Td (198,460) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.55 479.32 Td (12.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.65 479.32 Td (177,007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.65 479.32 Td (121,329) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.55 479.32 Td (9.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.65 479.32 Td (110,570) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 465.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.10 465.32 Td (2,070,996) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.05 465.32 Td (5.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.10 465.32 Td (1,968,248) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.10 465.32 Td (1,872,324) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.05 465.32 Td (12.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.10 465.32 Td (1,658,946) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 451.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 437.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.65 437.32 Td (92,531) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.65 437.32 Td (73,136) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.65 437.32 Td (113,382) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 437.32 Td (8,617) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 423.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.65 423.32 Td (89,207) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.65 423.32 Td (3,673) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.65 423.32 Td (59,351) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 423.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 409.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.65 409.32 Td (118,879) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.15 409.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.15 409.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 409.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 395.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.50 395.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.10 395.32 Td (2,371,613) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.55 395.32 Td (16.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 395.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.10 395.32 Td (2,045,057) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.50 395.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.10 395.32 Td (2,045,057) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.05 395.32 Td (22.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.50 395.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.10 395.32 Td (1,667,563) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 381.32 Td (Gross Profit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 367.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 353.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.50 353.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.65 353.32 Td (133,521) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.75 353.32 Td (\(1.5\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 353.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.65 353.32 Td (135,531) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.50 353.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.65 353.32 Td (131,141) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.55 353.32 Td (6.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.50 353.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.65 353.32 Td (123,037) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 339.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.65 339.32 Td (9,442) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.55 339.32 Td (14.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.65 339.32 Td (8,275) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.65 339.32 Td (6,186) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.05 339.32 Td (30.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 339.32 Td (4,749) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 325.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.65 325.32 Td (142,963) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.75 325.32 Td (\(0.6\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.65 325.32 Td (143,806) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.65 325.32 Td (137,327) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.55 325.32 Td (7.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.65 325.32 Td (127,786) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 311.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 297.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.65 297.32 Td (7,702) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.65 297.32 Td (4,589) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.65 297.32 Td (8,979) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.15 297.32 Td (818) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 283.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.65 283.32 Td (4,153) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.15 283.32 Td (55) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.65 283.32 Td (2,144) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 283.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 269.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.65 269.32 Td (5,866) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.15 269.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.15 269.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 269.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 255.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.50 255.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.65 255.32 Td (160,684) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.05 255.32 Td (8.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 255.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.65 255.32 Td (148,450) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.50 255.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.65 255.32 Td (148,450) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.05 255.32 Td (15.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.50 255.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.65 255.32 Td (128,604) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 241.32 Td (Gross Profit per Used) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 227.32 Td (Vehicle Unit Sold) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 213.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 199.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.50 199.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.65 199.32 Td (1,131) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.75 199.32 Td (\(5.0\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 199.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.65 199.32 Td (1,191) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.50 199.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.65 199.32 Td (1,171) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.25 199.32 Td (\(5.0\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.50 199.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 199.32 Td (1,232) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 185.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.50 185.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.15 185.32 Td (929) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.05 185.32 Td (3.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 185.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 185.32 Td (901) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.50 185.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 185.32 Td (967) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.05 185.32 Td (19.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.50 185.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.15 185.32 Td (810) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 171.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.50 171.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.65 171.32 Td (1,115) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.75 171.32 Td (\(4.6\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 171.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.65 171.32 Td (1,169) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.50 171.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.65 171.32 Td (1,160) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.25 171.32 Td (\(4.0\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.50 171.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 171.32 Td (1,208) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 157.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 143.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.50 143.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.65 143.32 Td (1,035) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 143.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 143.32 Td (769) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.50 143.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.65 143.32 Td (1,158) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.50 143.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 143.32 Td (1,133) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 129.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.50 129.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.15 129.32 Td (621) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 129.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 129.32 Td (320) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.50 129.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 129.32 Td (726) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.50 129.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 129.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 115.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.50 115.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.15 115.32 Td (813) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 115.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.15 115.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.50 115.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.15 115.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.50 115.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 115.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 101.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.50 101.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.65 101.32 Td (1,074) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.75 101.32 Td (\(6.6\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 101.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.65 101.32 Td (1,150) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.50 101.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.65 101.32 Td (1,150) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.25 101.32 Td (\(4.8\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.50 101.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 101.32 Td (1,208) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 87.32 Td (Gross Margin) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 73.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 59.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.65 59.32 Td (7.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.15 59.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.65 59.32 Td (7.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.15 59.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.65 59.32 Td (7.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.15 59.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.65 59.32 Td (7.9) Tj 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10.00 Tf ET q 0 0 0 rg BT 222.15 724.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.65 724.07 Td (7.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.15 724.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.65 724.07 Td (7.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.15 724.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.65 724.07 Td (7.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 724.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 710.07 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 696.07 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.65 696.07 Td (8.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.15 696.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.65 696.07 Td (6.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.15 696.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.65 696.07 Td (7.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.15 696.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.65 696.07 Td (9.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 696.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 682.07 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.65 682.07 Td (4.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.15 682.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.65 682.07 Td (1.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.15 682.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.65 682.07 Td (3.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.15 682.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 682.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 682.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 668.07 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.65 668.07 Td (4.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.15 668.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.15 668.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.15 668.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.15 668.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.15 668.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 668.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 668.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 654.07 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.65 654.07 Td (6.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.15 654.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.65 654.07 Td (7.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.15 654.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.65 654.07 Td (7.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.15 654.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.65 654.07 Td (7.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 654.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 620.00 Td (In addition to factors such as general economic conditions and consumer confidence, our used vehicle business is af) Tj ET Q q 0 0 0 rg BT 535.57 620.00 Td (fected ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 608.00 Td (by the level of manufacturer incentives on new vehicles and new vehicle financing, the number and quality of trade-ins and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 596.00 Td (lease turn-ins, the availability of consumer credit, and our ability to ef) Tj ET Q q 0 0 0 rg BT 328.95 596.00 Td (fectively manage the level and quality of our overall used ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 584.00 Td (vehicle inventory) Tj ET Q q 0 0 0 rg BT 118.55 584.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 566.00 Td (The improved U.S. economic conditions, uptick in U.S. consumer confidence, and a stronger new vehicle selling ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 554.00 Td (environment translated into an increase in total used vehicle demand in 2013. Coupled with our emphasis on improving our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 542.00 Td (dealership sales processes, our total Same Store used vehicle retail revenues increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.32 542.00 Td (6.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.15 542.00 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.52 542.00 Td (twelve months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.50 542.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 530.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.08 530.00 Td (, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.12 530.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.12 530.00 Td (. ) Tj ET Q q 0 0 0 rg BT 220.94 530.00 Td (This improvement reflects a 4.7% increase in total Same Store used vehicle retail ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 518.00 Td (unit sales and a 1.3% increase in average used vehicle retail selling price to $20,964. Our U.S. Same Store average used vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 506.00 Td (retail selling price increased 1.1% to $20,465, while our U.S. Same Store used vehicle retail units sold increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.33 506.00 Td (4.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.16 506.00 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 494.00 Td (twelve months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.48 494.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.98 494.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.56 494.00 Td (, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.60 494.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.60 494.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 476.00 Td (Our U.S. Same Store CPO volume decreased 1.6% to 22,372 units sold for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.63 476.00 Td (twelve months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.61 476.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.11 476.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.69 476.00 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 464.00 Td (as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.53 464.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.53 464.00 Td (. ) Tj ET Q q 0 0 0 rg BT 136.98 464.00 Td (As a percentage of the U.S. Same Store used vehicle retail unit sales, CPO units declined 160 basis points ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 452.00 Td (to 27.8% for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.27 452.00 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.27 452.00 Td (, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.30 452.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.30 452.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 434.00 Td (In total, Same Store retail used vehicle gross profit improved ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.33 434.00 Td (1.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.16 434.00 Td (, while gross profit per retail unit decreased 2.8% to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 422.00 Td ($1,676 and gross mar) Tj ET Q q 0 0 0 rg BT 135.42 422.00 Td (gin declined 30 points, for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.89 422.00 Td (twelve months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.87 422.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.37 422.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.96 422.00 Td (, as compared to 2012. ) Tj ET Q q 0 0 0 rg BT 516.81 422.00 Td (The gross ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 410.00 Td (profit and gross mar) Tj ET Q q 0 0 0 rg BT 130.13 410.00 Td (gin declines were primarily driven by decreases in our U.S. segment where used retail vehicle gross profit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 398.00 Td (per retail unit declined 3.0% and gross mar) Tj ET Q q 0 0 0 rg BT 221.49 398.00 Td (gins decreased 40 basis points to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.80 398.00 Td (8.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.63 398.00 Td ( in 2013 as compared to 2012.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 380.00 Td (During ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.83 380.00 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.83 380.00 Td (, total Same Store wholesale used vehicle revenue increased by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.02 380.00 Td (0.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.85 380.00 Td (, driven by an increase in U.K. Same ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 368.00 Td (Store wholesale used vehicle unit sales of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.62 368.00 Td (8.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.45 368.00 Td (, as compared to the same period in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.57 368.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.57 368.00 Td (. ) Tj ET Q q 0 0 0 rg BT 408.39 368.00 Td (This growth in the U.K. corresponds ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 356.00 Td (to the overall rise in new and used retail sales volume in the U.K. in 2013. ) Tj ET Q q 0 0 0 rg BT 348.42 356.00 Td (T) Tj ET Q q 0 0 0 rg BT 353.83 356.00 Td (otal Same Store wholesale used vehicle gross profit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 344.00 Td (per unit declined $80 to a loss of $12 for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.18 344.00 Td (twelve months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.16 344.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.66 344.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.25 344.00 Td (, as compared to the same period in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.37 344.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.37 344.00 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 332.00 Td (The profitability of our wholesale used vehicle business has been directly impacted by our continued focus on maximizing our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 320.00 Td (used vehicle retail sales.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 302.00 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 302.00 Td (otal Same Store used vehicle retail unit sales increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.72 302.00 Td (12.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.55 302.00 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.93 302.00 Td (twelve months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.91 302.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.41 302.00 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 302.00 Td (, as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 290.00 Td (compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.70 290.00 Td (201) Tj ET Q q 0 0 0 rg BT 116.33 290.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.33 290.00 Td (. Our average used vehicle retail selling price increased by $348 to $20,460 in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.67 290.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.67 290.00 Td ( from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.11 290.00 Td (201) Tj ET Q q 0 0 0 rg BT 494.74 290.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.74 290.00 Td (. ) Tj ET Q q 0 0 0 rg BT 504.56 290.00 Td (These factors ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 278.00 Td (drove a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.71 278.00 Td (14.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.54 278.00 Td ( increase in our total Same Store used vehicle retail revenues in 2012 as compared to 201) Tj ET Q q 0 0 0 rg BT 463.72 278.00 Td (1.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 260.00 Td (Our total Same Store CPO volume increased 10.1% to 25,582 units sold for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.96 260.00 Td (twelve months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.94 260.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.44 260.00 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.02 260.00 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 248.00 Td (as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.53 248.00 Td (201) Tj ET Q q 0 0 0 rg BT 127.16 248.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.16 248.00 Td (, corresponding to the overall increase in used vehicle retail volume. ) Tj ET Q q 0 0 0 rg BT 407.35 248.00 Td (As a percentage of total Same Store ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 236.00 Td (used vehicle retail unit sales, CPO units declined 90 basis points to 32.3% for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.23 236.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.23 236.00 Td (, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.26 236.00 Td (201) Tj ET Q q 0 0 0 rg BT 464.89 236.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.89 236.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 218.00 Td (During 2012, the supply of new vehicle inventory in many of the import brands improved and tightening price dif) Tj ET Q q 0 0 0 rg BT 527.00 218.00 Td (ferences ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 206.00 Td (between new and used vehicles negatively impacted used vehicle retail gross profits. ) Tj ET Q q 0 0 0 rg BT 390.22 206.00 Td (As a result, gross profit per used vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 194.00 Td (retail unit declined by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.47 194.00 Td (3.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.30 194.00 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.08 194.00 Td ($1,702) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.58 194.00 Td ( and our total Same Store used vehicle retail mar) Tj ET Q q 0 0 0 rg BT 395.06 194.00 Td (gins declined 50 basis points to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.83 194.00 Td (8.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.66 194.00 Td ( in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 182.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 182.00 Td (, in each case as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.33 182.00 Td (201) Tj ET Q q 0 0 0 rg BT 202.96 182.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.96 182.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 164.00 Td (For the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.11 164.00 Td (twelve months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.09 164.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.59 164.00 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.17 164.00 Td (, we sold ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.50 164.00 Td (10.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.33 164.00 Td ( more used vehicle wholesale units, as compared to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 152.00 Td (same period in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.87 152.00 Td (201) Tj ET Q q 0 0 0 rg BT 125.50 152.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.50 152.00 Td (, corresponding with the improvements in new and used vehicle retail sales volumes. Our wholesale gross ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 140.00 Td (profit per wholesale unit declined ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.40 140.00 Td (40.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.23 140.00 Td ( during ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.34 140.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.34 140.00 Td (, to a profit of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.10 140.00 Td ($68) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.10 140.00 Td ( per used vehicle wholesale unit and our used vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 128.00 Td (wholesale gross mar) Tj ET Q q 0 0 0 rg BT 130.96 128.00 Td (gin experienced a 50 basis-point decrease to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.06 128.00 Td (1.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.89 128.00 Td (, in each case as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.72 128.00 Td (201) Tj ET Q q 0 0 0 rg BT 464.35 128.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.35 128.00 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 110.00 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 110.00 Td (e increased our used vehicle inventory levels by $47.2 million, or 25.5%, from $184.8 million as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.55 110.00 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.14 110.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 98.00 Td (to $232.0 million as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.83 98.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.41 98.00 Td (, primarily in response to an improved selling environment and our dealership ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 86.00 Td (acquisitions. Our consolidated days' supply of used vehicle inventory was 35 days at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.13 86.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.71 86.00 Td (, which was down ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 74.00 Td (from 38 days at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.49 74.00 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.07 74.00 Td (.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 115 0 obj <>] /Rotate 0 /Contents 116 0 R>> endobj 116 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (55) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 736.25 Td (Parts and Service Data) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 718.25 Td (\(dollars in thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 664.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 664.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 664.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 664.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 664.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 664.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 664.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 664.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 664.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 664.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 664.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 664.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 664.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 664.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 636.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 636.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 636.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 636.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 636.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 636.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 636.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 636.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 636.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 636.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 636.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 636.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 636.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 636.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 608.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 608.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 608.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 608.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 608.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 608.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 608.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 608.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 608.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 608.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 608.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 608.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 608.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 608.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 580.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 580.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 580.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 580.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 580.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 580.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 580.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 580.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 580.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 580.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 580.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 580.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 580.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 580.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 552.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 552.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 552.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 552.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 552.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 552.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 552.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 552.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 552.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 552.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 552.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 552.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 552.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 552.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 524.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 524.75 4.00 -14.00 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468.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 440.75 133.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 440.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 440.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 440.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 440.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 440.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 440.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 440.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 440.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 440.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 440.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 440.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 440.75 4.00 -14.00 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s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 687.75 m 499.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 687.75 m 503.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 687.75 m 562.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 687.75 m 245.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 664.75 m 245.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 664.75 m 308.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 664.75 m 370.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 687.75 m 374.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 687.75 m 374.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 687.75 m 378.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 664.75 m 437.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 664.75 m 499.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 664.75 m 562.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 664.75 m 374.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 650.75 m 374.5 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 636.75 m 374.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 622.75 m 374.5 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 608.75 m 245.5 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 608.75 m 370.5 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 608.75 m 374.5 594.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 608.75 m 437.5 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 608.75 m 562.5 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 594.75 m 374.5 580.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 580.75 m 374.5 566.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 566.75 m 374.5 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 552.75 m 374.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 538.75 m 245.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 538.75 m 370.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 538.75 m 374.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 538.75 m 437.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 538.75 m 562.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 524.75 m 374.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 510.75 m 374.5 496.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 496.75 m 374.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 482.75 m 374.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 468.75 m 245.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 468.75 m 370.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 468.75 m 374.5 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 468.75 m 437.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 468.75 m 562.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 454.75 m 374.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 440.75 m 374.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 426.75 m 374.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 412.75 m 374.5 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 398.75 m 245.5 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 398.75 m 370.5 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 398.75 m 374.5 384.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 398.75 m 437.5 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 398.75 m 562.5 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 384.75 m 374.5 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 370.75 m 374.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 356.75 m 374.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 342.75 m 374.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 328.75 m 374.5 314.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 314.75 m 374.5 300.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 300.75 m 374.5 286.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 286.75 m 374.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 272.75 m 374.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 258.75 m 374.5 244.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 692.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 315.60 691.98 Td (For The Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 669.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 208.00 668.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 274.50 676.98 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 265.35 668.98 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 333.00 668.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.50 668.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.00 676.98 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 456.85 668.98 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.70 668.98 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 655.32 Td (Parts and Service Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 641.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 627.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.00 627.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.10 627.32 Td (854,736) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.05 627.32 Td (7.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.00 627.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.10 627.32 Td (795,984) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.00 627.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 627.32 Td (794,297) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.55 627.32 Td (1.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.00 627.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 627.32 Td (780,009) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 613.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.15 613.32 Td (48,169) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.05 613.32 Td (8.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 613.32 Td (44,399) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.15 613.32 Td (31,822) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.55 613.32 Td (7.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 613.32 Td (29,623) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 599.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.10 599.32 Td (902,905) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.05 599.32 Td (7.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.10 599.32 Td (840,383) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 599.32 Td (826,119) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.55 599.32 Td (2.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 599.32 Td (809,632) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 585.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 571.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.15 571.32 Td (24,215) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 571.32 Td (37,980) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.15 571.32 Td (39,667) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 571.32 Td (4,187) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 557.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.15 557.32 Td (19,388) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 557.32 Td (1,707) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.15 557.32 Td (14,284) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 557.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 543.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.15 543.32 Td (64,177) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.65 543.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.65 543.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 543.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 529.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.00 529.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.60 529.32 Td (1,010,685) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.55 529.32 Td (14.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.00 529.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.10 529.32 Td (880,070) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.00 529.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 529.32 Td (880,070) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.55 529.32 Td (8.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.00 529.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 529.32 Td (813,819) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 515.32 Td (Gross Profit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 501.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 487.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.00 487.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.10 487.32 Td (453,846) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.05 487.32 Td (8.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.00 487.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.10 487.32 Td (416,950) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.00 487.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 487.32 Td (416,177) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.55 487.32 Td (2.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.00 487.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 487.32 Td (408,215) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 473.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.15 473.32 Td (26,036) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.55 473.32 Td (11.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 473.32 Td (23,436) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.15 473.32 Td (16,238) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.55 473.32 Td (3.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 473.32 Td (15,638) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 459.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.10 459.32 Td (479,882) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.05 459.32 Td (9.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.10 459.32 Td (440,386) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 459.32 Td (432,415) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.55 459.32 Td (2.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 459.32 Td (423,853) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 445.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 431.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.15 431.32 Td (12,593) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 431.32 Td (20,283) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.15 431.32 Td (21,056) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 431.32 Td (2,069) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 417.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.15 417.32 Td (11,120) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.65 417.32 Td (819) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.15 417.32 Td (8,017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 417.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 403.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.15 403.32 Td (27,030) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.65 403.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.65 403.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 403.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 389.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.00 389.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.10 389.32 Td (530,625) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.55 389.32 Td (15.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.00 389.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.10 389.32 Td (461,488) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.00 389.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 389.32 Td (461,488) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.55 389.32 Td (8.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.00 389.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 389.32 Td (425,922) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 375.32 Td (Gross Margin) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 361.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 347.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.15 347.32 Td (53.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.65 347.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.15 347.32 Td (52.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.65 347.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.15 347.32 Td (52.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 347.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 347.32 Td (52.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 347.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 333.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.15 333.32 Td (54.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.65 333.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.15 333.32 Td (52.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.65 333.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.15 333.32 Td (51.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 333.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 333.32 Td (52.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 333.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 319.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.15 319.32 Td (53.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.65 319.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.15 319.32 Td (52.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.65 319.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.15 319.32 Td (52.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 319.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 319.32 Td (52.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 319.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 305.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 291.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.15 291.32 Td (52.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.65 291.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.15 291.32 Td (53.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.65 291.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.15 291.32 Td (53.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 291.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 291.32 Td (49.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 291.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 277.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.15 277.32 Td (57.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.65 277.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.15 277.32 Td (48.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.65 277.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.15 277.32 Td (56.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 277.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 277.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 277.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 263.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.15 263.32 Td (42.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.65 263.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.65 263.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.65 263.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.65 263.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 263.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 263.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 263.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 249.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.15 249.32 Td (52.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.65 249.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.15 249.32 Td (52.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.65 249.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.15 249.32 Td (52.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 249.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 249.32 Td (52.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 249.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 227.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 227.25 Td (e continue to invest in our parts and service business through technology) Tj ET Q q 0 0 0 rg BT 372.76 227.25 Td (, facilities, and man power) Tj ET Q q 0 0 0 rg BT 478.28 227.25 Td (. Our total Same ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 215.25 Td (Store parts and service revenues increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.59 215.25 Td (7.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.42 215.25 Td ( to $902.9 million for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.55 215.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.14 215.25 Td (, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.17 215.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.17 215.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 203.25 Td (Our U.S. Same Store parts and service revenues also increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.25 203.25 Td (7.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.08 203.25 Td (, or $ 58.8 million, for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.26 203.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.85 203.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 191.25 Td (as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.03 191.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.03 191.25 Td (, driven primarily by an 1) Tj ET Q q 0 0 0 rg BT 234.86 191.25 Td (1.2% increase in warranty revenues, a 16.7% increase in collision revenue, a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 179.25 Td (4.3% increase in customer) Tj ET Q q 0 0 0 rg BT 155.32 179.25 Td (-pay parts and service sales, and a 5.7% increase in wholesale parts revenue. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 161.25 Td (Our total Same Store gross profit for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.94 161.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.53 161.25 Td ( increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.28 161.25 Td (9.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.11 161.25 Td ( compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.81 161.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.81 161.25 Td (. Our total ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 149.25 Td (Same Store parts and service gross mar) Tj ET Q q 0 0 0 rg BT 207.00 149.25 Td (gins increased 70 basis points for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.33 149.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.91 149.25 Td (, compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.12 149.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.12 149.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 137.25 Td (The increase in gross mar) Tj ET Q q 0 0 0 rg BT 152.56 137.25 Td (gin was primarily due to improved profitability in our warranty and customer) Tj ET Q q 0 0 0 rg BT 461.45 137.25 Td (-pay parts and service ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 125.25 Td (business units, as well as a higher volume of internal work between the parts and service departments of our dealerships and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 113.25 Td (new and used vehicle departments, which was generated by improved new and used retail vehicles sales volumes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 95.25 Td (Our total Same Store parts and service revenues increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.63 95.25 Td (2.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.46 95.25 Td ( for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.92 95.25 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.51 95.25 Td (, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 83.25 Td (201) Tj ET Q q 0 0 0 rg BT 64.63 83.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.63 83.25 Td (, driven primarily by a 2.5% increase in customer) Tj ET Q q 0 0 0 rg BT 267.14 83.25 Td (-pay parts and service sales. ) Tj ET Q q 0 0 0 rg BT 381.36 83.25 Td (W) Tj ET Q q 0 0 0 rg BT 390.00 83.25 Td (e also generated a 2.6% increase in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 71.25 Td (wholesale parts sales and a 5.5% increase in collision revenue in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.47 71.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.47 71.25 Td ( as compared to 201) Tj ET Q q 0 0 0 rg BT 410.63 71.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 420.45 71.25 Td (These increases were partially ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 59.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 59.25 Td (fset by a 1.9% decrease in warranty parts and service revenues in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.09 59.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.09 59.25 Td ( as compared to 201) Tj ET Q q 0 0 0 rg BT 421.25 59.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 431.07 59.25 Td (The increase in our U.S. Same ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 47.25 Td (Store parts and service revenues for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.30 47.25 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.88 47.25 Td (, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.92 47.25 Td (201) Tj ET Q q 0 0 0 rg BT 417.54 47.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.54 47.25 Td (, was primarily driven by ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 117 0 obj <>] /Rotate 0 /Contents 118 0 R>> endobj 118 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (56) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (initiatives focused on customers, products, and processes that continue to build momentum and generate results. Our Same ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Store wholesale parts business benefited from an increase in business with second tier collision centers and repair shops. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 712.10 Td (Our Same Store collision business increased for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.93 712.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.51 712.10 Td (, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.54 712.10 Td (201) Tj ET Q q 0 0 0 rg BT 490.17 712.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.17 712.10 Td (, benefiting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (from improvements in our business processes, as well as the continued expansion of our collision center footprint. ) Tj ET Q q 0 0 0 rg BT 508.89 700.10 Td (The decrease ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (in our total Same Store warranty parts and service revenue for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.54 688.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.13 688.10 Td (, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.16 688.10 Td (201) Tj ET Q q 0 0 0 rg BT 522.79 688.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.79 688.10 Td (, was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (primarily driven by the resolution of several lar) Tj ET Q q 0 0 0 rg BT 239.48 676.10 Td (ge recall campaigns that bolstered our prior year's results. Specifically by brand, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (our total Same Store warranty parts and service revenues from Lexus, Ford, and BMW) Tj ET Q q 0 0 0 rg BT 397.22 664.10 Td ( declined 34.1%, 10.9%, and 7.5%, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 652.10 Td (, for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.62 652.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.21 652.10 Td (, as compared to 201) Tj ET Q q 0 0 0 rg BT 338.87 652.10 Td (1, primarily due to a decline in manufacturer recall ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (activity) Tj ET Q q 0 0 0 rg BT 79.34 640.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 622.10 Td (For the twelve months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.59 622.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.17 622.10 Td (, our total Same Store gross profit increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.19 622.10 Td (2.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.02 622.10 Td ( as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.55 622.10 Td (201) Tj ET Q q 0 0 0 rg BT 550.18 622.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 555.18 622.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Our total Same Store parts and service gross mar) Tj ET Q q 0 0 0 rg BT 245.32 610.10 Td (gins decreased 10 basis points to 52.3%, for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.42 610.10 Td (December31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 598.10 Td (, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.03 598.10 Td (201) Tj ET Q q 0 0 0 rg BT 152.66 598.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.66 598.10 Td (, primarily due to a mix shift away from our warranty parts and service business and towards our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (collision and wholesale parts businesses, which generate lower mar) Tj ET Q q 0 0 0 rg BT 319.46 586.10 Td (gins on a relative basis.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 119 0 obj <>] /Rotate 0 /Contents 120 0 R>> endobj 120 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (57) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 742.25 Td (Finance and Insurance Data) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 724.25 Td (\(dollars in thousands, except per unit amounts\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.46 724.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 670.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 670.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 670.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 670.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 670.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 670.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 670.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 642.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 642.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 642.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 642.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 642.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 642.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 642.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 614.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 614.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 614.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 614.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 614.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 614.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 614.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 586.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 586.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 586.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 586.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 586.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 586.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 586.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 558.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 558.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 558.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 558.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 558.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 558.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 558.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 530.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 530.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 530.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 530.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 530.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 530.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 530.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 502.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 502.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 502.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 502.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 502.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 502.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 502.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 474.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 474.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 474.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 474.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 474.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 474.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 474.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 446.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 446.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 446.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 446.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 446.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 446.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 446.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 418.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 418.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 418.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 418.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 418.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 418.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 418.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 390.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 390.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 390.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 390.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 390.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 390.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 390.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 362.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 362.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 362.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 362.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 362.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 362.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 362.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 334.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 334.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 334.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 334.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 334.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 334.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 334.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 306.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 306.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 306.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 306.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 306.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 306.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 306.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 278.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 278.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 278.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 278.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 278.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 278.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 278.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 250.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 250.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 250.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 250.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 250.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 250.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 250.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 222.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 222.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 222.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 222.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 222.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 222.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 222.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 222.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 222.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 222.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 222.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 222.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 222.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 222.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 194.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 194.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 194.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 194.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 194.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 194.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 194.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 166.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 166.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 166.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 166.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 166.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 166.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 166.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 138.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 138.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 138.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 138.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 138.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 138.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 138.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 110.75 140.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 110.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 110.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 110.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 110.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 110.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 110.75 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 110.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 110.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 110.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 110.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 110.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 110.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 110.75 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 71.75 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 71.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 71.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 71.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 71.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 71.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 71.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 71.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 71.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 71.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 71.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 71.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 71.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 71.75 58.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 693.75 m 251.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 693.75 m 255.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 693.75 m 312.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 693.75 m 316.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 693.75 m 374.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 693.75 m 378.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 693.75 m 382.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 693.75 m 439.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 693.75 m 443.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 693.75 m 500.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 693.75 m 504.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 693.75 m 562.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 670.75 m 251.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 670.75 m 312.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 670.75 m 374.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 693.75 m 378.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 693.75 m 439.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 670.75 m 439.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 693.75 m 443.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 693.75 m 500.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 670.75 m 500.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 693.75 m 504.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 693.75 m 562.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 670.75 m 562.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 670.75 m 378.5 656.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 656.75 m 378.5 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 642.75 m 378.5 628.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 628.75 m 378.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 614.75 m 251.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 614.75 m 374.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 614.75 m 378.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 614.75 m 439.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 614.75 m 562.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 600.75 m 378.5 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 586.75 m 378.5 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 572.75 m 378.5 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 558.75 m 378.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 544.75 m 251.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 544.75 m 374.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 544.75 m 378.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 544.75 m 439.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 544.75 m 562.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 530.75 m 378.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 516.75 m 378.5 502.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 502.75 m 378.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 488.75 m 378.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 474.75 m 251.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 474.75 m 374.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 474.75 m 378.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 474.75 m 439.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 474.75 m 562.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 460.75 m 378.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 446.75 m 378.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 432.75 m 378.5 418.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 418.75 m 378.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 404.75 m 251.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 404.75 m 374.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 404.75 m 378.5 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 404.75 m 439.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 404.75 m 562.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 390.75 m 378.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 376.75 m 378.5 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 362.75 m 378.5 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 348.75 m 378.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 334.75 m 251.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 334.75 m 374.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 334.75 m 378.5 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 334.75 m 439.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 334.75 m 562.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 320.75 m 378.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 306.75 m 378.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 292.75 m 378.5 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 278.75 m 378.5 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 264.75 m 251.5 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 264.75 m 374.5 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 264.75 m 378.5 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 264.75 m 439.5 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 264.75 m 562.5 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 250.75 m 378.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 236.75 m 378.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 222.75 m 378.5 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 208.75 m 378.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 194.75 m 251.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 194.75 m 374.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 194.75 m 378.5 180.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 194.75 m 439.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 194.75 m 562.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 180.75 m 378.5 166.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 166.75 m 378.5 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 152.75 m 378.5 138.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 138.75 m 378.5 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 124.75 m 251.5 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 124.75 m 374.5 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 124.75 m 378.5 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 124.75 m 439.5 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 124.75 m 562.5 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 110.75 m 378.5 85.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 85.75 m 378.5 71.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 71.75 m 378.5 57.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 57.75 m 378.5 57.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 698.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 319.10 697.98 Td (For The Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 675.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 214.50 674.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 279.50 682.98 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 270.35 674.98 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 337.00 674.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.50 674.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 467.50 682.98 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.35 674.98 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.20 674.98 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 661.32 Td (Retail New and Used Unit Sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 647.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 633.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 633.32 Td (199,647) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.05 633.32 Td (4.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 633.32 Td (191,479) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.15 633.32 Td (188,638) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.55 633.32 Td (15.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 633.32 Td (163,127) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 619.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.15 619.32 Td (13,610) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.55 619.32 Td (10.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.15 619.32 Td (12,348) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 619.32 Td (8,373) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.05 619.32 Td (2.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 619.32 Td (8,207) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 605.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 605.32 Td (213,257) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.05 605.32 Td (4.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 605.32 Td (203,827) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.15 605.32 Td (197,011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.55 605.32 Td (15.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 605.32 Td (171,334) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 591.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 577.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.15 577.32 Td (10,787) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.15 577.32 Td (9,770) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.15 577.32 Td (12,611) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 577.32 Td (1,163) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 563.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.15 563.32 Td (9,198) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.65 563.32 Td (319) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 563.32 Td (4,294) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 563.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 549.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.15 549.32 Td (21,437) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.65 549.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.65 549.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 549.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 535.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 535.32 Td (254,679) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.55 535.32 Td (19.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 535.32 Td (213,916) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.15 535.32 Td (213,916) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.55 535.32 Td (24.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 535.32 Td (172,497) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 521.32 Td (Retail Finance Fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 507.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 493.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 493.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.15 493.32 Td (94,303) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.55 493.32 Td (13.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.00 493.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.15 493.32 Td (82,772) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.00 493.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.15 493.32 Td (80,808) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.55 493.32 Td (21.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.00 493.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 493.32 Td (66,485) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 479.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.15 479.32 Td (5,720) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.55 479.32 Td (14.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.15 479.32 Td (5,007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 479.32 Td (2,970) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.75 479.32 Td (\(1.0\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 479.32 Td (2,999) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 465.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 465.32 Td (100,023) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.55 465.32 Td (13.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.15 465.32 Td (87,779) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.15 465.32 Td (83,778) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.55 465.32 Td (20.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 465.32 Td (69,484) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 451.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 437.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.15 437.32 Td (4,260) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.15 437.32 Td (3,351) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 437.32 Td (5,315) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 437.32 Td (441) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 423.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.15 423.32 Td (2,396) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.65 423.32 Td (127) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 423.32 Td (2,164) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 423.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 409.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.15 409.32 Td (2,525) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.65 409.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.65 409.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 409.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 395.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 395.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 395.32 Td (109,204) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.55 395.32 Td (19.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.00 395.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.15 395.32 Td (91,257) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.00 395.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.15 395.32 Td (91,257) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.55 395.32 Td (30.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.00 395.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 395.32 Td (69,925) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 381.32 Td (Vehicle Service Contract Fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 367.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 353.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 353.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 353.32 Td (109,991) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.05 353.32 Td (9.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.00 353.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 353.32 Td (100,414) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.00 353.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.15 353.32 Td (98,742) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.55 353.32 Td (22.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.00 353.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 353.32 Td (80,539) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 339.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.65 339.32 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.25 339.32 Td (\(81.0\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.65 339.32 Td (42) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.30 339.37 Td (\(40) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 339.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.55 339.32 Td (35.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.30 339.37 Td (\(62) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 339.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 325.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 325.32 Td (109,999) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.05 325.32 Td (9.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 325.32 Td (100,456) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.15 325.32 Td (98,702) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.55 325.32 Td (22.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 325.32 Td (80,477) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 311.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 297.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.15 297.32 Td (3,948) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.15 297.32 Td (2,977) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 297.32 Td (4,649) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 297.32 Td (329) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 283.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.65 283.32 Td (203) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.65 283.32 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.65 283.32 Td (90) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 283.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 269.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.65 269.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.65 269.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.65 269.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 269.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 255.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 255.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 255.32 Td (114,150) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.55 255.32 Td (10.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.00 255.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 255.32 Td (103,441) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.00 255.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.15 255.32 Td (103,441) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.55 255.32 Td (28.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.00 255.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 255.32 Td (80,806) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 241.32 Td (Insurance and Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 227.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 213.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 213.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.15 213.32 Td (73,091) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.55 213.32 Td (21.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.00 213.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.15 213.32 Td (60,138) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.00 213.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.15 213.32 Td (58,560) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.55 213.32 Td (34.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.00 213.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 213.32 Td (43,412) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 199.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.15 199.32 Td (3,724) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.55 199.32 Td (17.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.15 199.32 Td (3,171) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 199.32 Td (1,666) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.55 199.32 Td (18.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 199.32 Td (1,402) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 185.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.15 185.32 Td (76,815) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.55 185.32 Td (21.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.15 185.32 Td (63,309) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.15 185.32 Td (60,226) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.55 185.32 Td (34.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 185.32 Td (44,814) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 171.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 157.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.15 157.32 Td (2,816) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.15 157.32 Td (1,806) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 157.32 Td (3,384) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 157.32 Td (191) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 143.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.15 143.32 Td (1,977) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.65 143.32 Td (62) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 143.32 Td (1,567) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 143.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 129.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.15 129.32 Td (6,400) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.65 129.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.65 129.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 129.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 115.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 115.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.15 115.32 Td (88,008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.55 115.32 Td (35.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.00 115.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.15 115.32 Td (65,177) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.00 115.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.15 115.32 Td (65,177) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.55 115.32 Td (44.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.00 115.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 115.32 Td (45,005) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 101.32 Td (Total Finance and Insurance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 91.32 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 76.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 62.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 62.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 62.32 Td (277,385) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.55 62.32 Td (14.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.00 62.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 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(15.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.15 738.07 Td (8,220) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 738.07 Td (4,596) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.05 738.07 Td (5.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 738.07 Td (4,339) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 724.07 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 724.07 Td (286,837) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.55 724.07 Td (14.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 724.07 Td (251,544) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.15 724.07 Td (242,706) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.55 724.07 Td (24.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 724.07 Td (194,775) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 710.07 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 696.07 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.15 696.07 Td (11,024) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.15 696.07 Td (8,134) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.15 696.07 Td (13,348) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 696.07 Td (961) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 682.07 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.15 682.07 Td (4,576) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.65 682.07 Td (197) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 682.07 Td (3,821) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 682.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 668.07 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.15 668.07 Td (8,925) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.65 668.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.65 668.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 668.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 654.07 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 654.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 654.07 Td (311,362) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.55 654.07 Td (19.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.00 654.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 654.07 Td (259,875) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.00 654.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.15 654.07 Td (259,875) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.55 654.07 Td (32.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.00 654.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 654.07 Td (195,736) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 640.07 Td (Finance and Insurance Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 630.07 Td (per Unit Sold) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 617.07 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 603.07 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 603.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.15 603.07 Td (1,389) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.05 603.07 Td (9.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.00 603.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.15 603.07 Td (1,271) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.00 603.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 603.07 Td (1,262) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.05 603.07 Td (8.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.00 603.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 603.07 Td (1,167) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 589.07 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 589.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.65 589.07 Td (694) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.05 589.07 Td (4.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.00 589.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.65 589.07 Td (666) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.00 589.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 589.07 Td (549) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.05 589.07 Td (3.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.00 589.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 589.07 Td (529) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 575.07 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 575.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.15 575.07 Td (1,345) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.05 575.07 Td (9.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.00 575.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.15 575.07 Td (1,234) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.00 575.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 575.07 Td (1,232) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.05 575.07 Td (8.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.00 575.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 575.07 Td (1,137) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 561.07 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 547.07 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 547.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.15 547.07 Td (1,022) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.00 547.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.65 547.07 Td (833) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.00 547.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 547.07 Td (1,058) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.00 547.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 547.07 Td (826) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 533.07 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 533.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.65 533.07 Td (497) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.00 533.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.65 533.07 Td (618) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.00 533.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 533.07 Td (890) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.80 533.12 Td ( -) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 519.07 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 519.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.65 519.07 Td (416) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.80 519.12 Td ( -) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.80 519.12 Td ( -) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.80 519.12 Td ( -) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 505.07 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 505.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.15 505.07 Td (1,223) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.00 505.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.15 505.07 Td (1,215) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.00 505.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 505.07 Td (1,215) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.00 505.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 505.07 Td (1,135) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 483.00 Td (Our focus on improving our finance and insurance business processes, coupled with improved retail vehicle sales ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 471.00 Td (volumes, continues to generate growth in finance and insurance revenues. Our total Same Store finance and insurance revenues ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 459.00 Td (increased by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.75 459.00 Td (14.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 459.00 Td ( to $286.8 million for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.71 459.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.30 459.00 Td (, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.33 459.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.33 459.00 Td (. ) Tj ET Q q 0 0 0 rg BT 449.15 459.00 Td (The improvement in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 447.00 Td (U.S. was primarily driven by increase in income per contract and penetration rates from all of our major product of) Tj ET Q q 0 0 0 rg BT 509.94 447.00 Td (ferings, as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 435.00 Td (well as a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.49 435.00 Td (4.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.32 435.00 Td ( increase in new and used retail units. ) Tj ET Q q 0 0 0 rg BT 260.59 435.00 Td (These increases more than of) Tj ET Q q 0 0 0 rg BT 377.02 435.00 Td (fset an increase in our char) Tj ET Q q 0 0 0 rg BT 484.29 435.00 Td (geback expense. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 423.00 Td (As a result, our total Same Store finance and insurance revenues PRU improved ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.69 423.00 Td (9.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.52 423.00 Td ( to $1,345, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.83 423.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.83 423.00 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 405.00 Td (Our total Same Store finance and insurance revenues increased by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.12 405.00 Td (24.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.95 405.00 Td ( to $242.7 million for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 393.00 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 393.00 Td ( as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.12 393.00 Td (201) Tj ET Q q 0 0 0 rg BT 208.75 393.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.75 393.00 Td (. ) Tj ET Q q 0 0 0 rg BT 218.56 393.00 Td (This improvement was primarily driven by a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.91 393.00 Td (15.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.74 393.00 Td ( increase in total Same Store new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 381.00 Td (and used unit sales to 197,01) Tj ET Q q 0 0 0 rg BT 165.17 381.00 Td (1 units, along with an increase in income per contract from our finance, insurance, and other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 369.00 Td (product of) Tj ET Q q 0 0 0 rg BT 91.20 369.00 Td (ferings and in penetration rates for finance and vehicle service contracts of 190 basis points and 150 basis points, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 357.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 357.00 Td (. Income per contract from our finance product of) Tj ET Q q 0 0 0 rg BT 296.01 357.00 Td (ferings increased 3.8% for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.82 357.00 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.40 357.00 Td (, as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 345.00 Td (compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.20 345.00 Td (201) Tj ET Q q 0 0 0 rg BT 116.83 345.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.83 345.00 Td (. ) Tj ET Q q 0 0 0 rg BT 126.65 345.00 Td (These increases more than of) Tj ET Q q 0 0 0 rg BT 243.09 345.00 Td (fset an increase in our char) Tj ET Q q 0 0 0 rg BT 350.35 345.00 Td (geback expense. For the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.57 345.00 Td (December31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 333.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 333.00 Td (, our total Same Store revenues PRU improved ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.24 333.00 Td (8.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.07 333.00 Td (, or $95, to $1,232, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.71 333.00 Td (201) Tj ET Q q 0 0 0 rg BT 437.34 333.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.34 333.00 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 315.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 123 0 obj <>] /Rotate 0 /Contents 124 0 R>> endobj 124 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (59) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 742.25 Td (Selling, General and ) Tj ET Q q 0 0 0 rg BT 149.42 742.25 Td (Administrative Data) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 724.25 Td (\(dollars in thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 148.66 724.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 670.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 670.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 670.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 670.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 670.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 670.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 670.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 642.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 642.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 642.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 642.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 642.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 642.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 642.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 614.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 614.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 614.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 614.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 614.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 614.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 614.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 586.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 586.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 586.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 586.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 586.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 586.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 586.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 558.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 558.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 558.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 558.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 558.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 558.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 558.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 530.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 530.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 530.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 530.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 530.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 530.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 530.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 502.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 502.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 502.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 502.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 502.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 502.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 502.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 474.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 474.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 474.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 474.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 474.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 474.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 474.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 446.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 446.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 446.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 446.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 446.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 446.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 446.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 446.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 418.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 418.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 418.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 418.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 418.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 418.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 418.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 418.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 390.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 390.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 390.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 390.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 390.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 390.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 390.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 362.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 362.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 362.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 362.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 362.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 362.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 362.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 362.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 334.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 334.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 334.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 334.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 334.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 334.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 334.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 334.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 306.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 306.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 306.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 306.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 306.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 306.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 306.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 306.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 278.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 278.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 278.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 278.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 278.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 278.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 278.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 278.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 250.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 250.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 250.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 250.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 250.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 250.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 250.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 250.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 222.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 222.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 222.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 222.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 222.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 222.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 222.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 222.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 222.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 222.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 222.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 222.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 222.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 222.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 194.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 194.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 194.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 194.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 194.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 194.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 194.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 166.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 166.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 166.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 166.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 166.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 166.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 166.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 166.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 138.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 138.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 138.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 138.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 138.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 138.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 138.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 138.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 110.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 110.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 110.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 110.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 110.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 110.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 110.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 110.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 110.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 110.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 110.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 110.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 110.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 110.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 82.75 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 82.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 82.75 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 82.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 82.75 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 82.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 82.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 82.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 82.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 82.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 82.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 82.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 82.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 82.75 59.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 693.75 m 249.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 693.75 m 253.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 693.75 m 307.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 693.75 m 311.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 693.75 m 370.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 693.75 m 436.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 693.75 m 440.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 693.75 m 499.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 693.75 m 503.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 693.75 m 562.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 693.75 m 249.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 670.75 m 249.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 670.75 m 307.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 670.75 m 370.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 693.75 m 374.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 693.75 m 378.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 670.75 m 436.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 670.75 m 499.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 670.75 m 562.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 670.75 m 374.5 656.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 656.75 m 374.5 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 642.75 m 374.5 628.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 628.75 m 374.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 614.75 m 249.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 614.75 m 370.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 614.75 m 374.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 614.75 m 436.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 614.75 m 562.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 600.75 m 374.5 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 586.75 m 374.5 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 572.75 m 374.5 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 558.75 m 374.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 544.75 m 249.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 544.75 m 370.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 544.75 m 374.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 544.75 m 436.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 544.75 m 562.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 530.75 m 374.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 516.75 m 374.5 502.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 502.75 m 374.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 488.75 m 374.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 474.75 m 249.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 474.75 m 370.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 474.75 m 374.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 474.75 m 436.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 474.75 m 562.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 460.75 m 374.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 446.75 m 374.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 432.75 m 374.5 418.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 404.75 m 249.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 418.75 m 374.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 404.75 m 249.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 404.75 m 370.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 404.75 m 374.5 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 404.75 m 436.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 404.75 m 562.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 390.75 m 374.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 376.75 m 374.5 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 362.75 m 374.5 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 348.75 m 374.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 334.75 m 249.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 334.75 m 370.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 334.75 m 374.5 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 334.75 m 436.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 334.75 m 562.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 320.75 m 374.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 306.75 m 374.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 292.75 m 374.5 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 278.75 m 374.5 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 264.75 m 249.5 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 264.75 m 370.5 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 264.75 m 374.5 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 264.75 m 436.5 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 264.75 m 562.5 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 250.75 m 374.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 236.75 m 374.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 222.75 m 374.5 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 208.75 m 374.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 194.75 m 249.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 194.75 m 370.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 194.75 m 374.5 180.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 194.75 m 436.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 194.75 m 562.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 180.75 m 374.5 166.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 166.75 m 374.5 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 152.75 m 374.5 138.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 138.75 m 374.5 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 124.75 m 249.5 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 124.75 m 370.5 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 124.75 m 374.5 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 124.75 m 436.5 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 124.75 m 562.5 124.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 110.75 m 374.5 96.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 96.75 m 374.5 82.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 82.75 m 374.5 68.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 68.75 m 374.5 54.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 54.75 m 249.5 54.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 54.75 m 370.5 54.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 54.75 m 374.5 54.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 54.75 m 436.5 54.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 54.75 m 562.5 54.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 54.25 m BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 698.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 315.10 697.98 Td (For The Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 675.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 209.50 674.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.00 682.98 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 266.85 674.98 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.50 674.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.00 674.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.50 682.98 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 456.35 674.98 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.70 674.98 Td (2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 661.48 Td (Personnel) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 647.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 633.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.00 633.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.15 633.32 Td (493,264) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.55 633.32 Td (5.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.00 633.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.15 633.32 Td (469,739) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.00 633.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.10 633.32 Td (463,239) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.05 633.32 Td (8.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.00 633.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 633.32 Td (426,470) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 619.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 619.32 Td (31,196) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.05 619.32 Td (11.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 619.32 Td (27,884) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 619.32 Td (18,843) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.05 619.32 Td (1.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 619.32 Td (18,489) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 605.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.15 605.32 Td (524,460) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.55 605.32 Td (5.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.15 605.32 Td (497,623) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.10 605.32 Td (482,082) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.05 605.32 Td (8.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 605.32 Td (444,959) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 591.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 577.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 577.32 Td (21,419) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 577.32 Td (20,961) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 577.32 Td (27,461) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 577.32 Td (2,649) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 563.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 563.32 Td (12,435) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 563.32 Td (1,427) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 563.32 Td (10,468) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 563.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 549.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 549.32 Td (39,631) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.65 549.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 549.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 549.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 535.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.00 535.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.15 535.32 Td (597,945) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.05 535.32 Td (15.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.00 535.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.15 535.32 Td (520,011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.00 535.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.10 535.32 Td (520,011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.55 535.32 Td (16.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.00 535.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 535.32 Td (447,608) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 521.48 Td (Advertising) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 507.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 493.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.00 493.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 493.32 Td (50,349) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.55 493.32 Td (3.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.00 493.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 493.32 Td (48,788) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.00 493.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 493.32 Td (48,669) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.05 493.32 Td (7.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.00 493.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 493.32 Td (45,299) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 479.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.15 479.32 Td (1,842) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.05 479.32 Td (15.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 479.32 Td (1,596) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.65 479.32 Td (965) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.05 479.32 Td (1.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 479.32 Td (955) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 465.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 465.32 Td (52,191) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.55 465.32 Td (3.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 465.32 Td (50,384) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 465.32 Td (49,634) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.05 465.32 Td (7.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 465.32 Td (46,254) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 451.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 437.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.15 437.32 Td (3,414) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 437.32 Td (3,654) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.15 437.32 Td (3,773) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 437.32 Td (469) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 423.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.15 423.32 Td (1,125) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.65 423.32 Td (109) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.65 423.32 Td (740) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 423.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 409.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.15 409.32 Td (2,221) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.65 409.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 409.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 409.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 395.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.00 395.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 395.32 Td (58,951) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.55 395.32 Td (8.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.00 395.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 395.32 Td (54,147) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.00 395.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 395.32 Td (54,147) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.55 395.32 Td (15.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.00 395.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 395.32 Td (46,723) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 381.48 Td (Rent and Facility Costs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 367.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 353.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.00 353.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 353.32 Td (85,141) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.55 353.32 Td (4.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.00 353.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 353.32 Td (81,206) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.00 353.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 353.32 Td (82,843) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.75 353.32 Td (\(4.2\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.00 353.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 353.32 Td (86,448) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 339.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.15 339.32 Td (5,341) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.25 339.32 Td (\(8.4\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 339.32 Td (5,830) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.15 339.32 Td (3,228) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.05 339.32 Td (0.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 339.32 Td (3,214) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 325.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 325.32 Td (90,482) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.55 325.32 Td (4.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 325.32 Td (87,036) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 325.32 Td (86,071) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.75 325.32 Td (\(4.0\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 325.32 Td (89,662) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 311.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 297.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.15 297.32 Td (3,492) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 297.32 Td (6,605) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.15 297.32 Td (4,968) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 297.32 Td (571) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 283.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.15 283.32 Td (2,821) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.65 283.32 Td (384) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.15 283.32 Td (2,986) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 283.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 269.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 269.32 Td (13,664) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.65 269.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 269.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 269.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 255.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.00 255.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.15 255.32 Td (110,459) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.05 255.32 Td (17.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.00 255.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 255.32 Td (94,025) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.00 255.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 255.32 Td (94,025) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.05 255.32 Td (4.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.00 255.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 255.32 Td (90,233) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 241.48 Td (Other SG&A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 227.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 213.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.00 213.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.15 213.32 Td (177,666) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.05 213.32 Td (11.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.00 213.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.15 213.32 Td (159,682) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.00 213.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.10 213.32 Td (157,914) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.55 213.32 Td (10.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.00 213.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 213.32 Td (142,364) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 199.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 199.32 Td (13,568) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.55 199.32 Td (0.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 199.32 Td (13,493) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.15 199.32 Td (8,001) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.05 199.32 Td (2.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 199.32 Td (7,797) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 185.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.15 185.32 Td (191,234) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.05 185.32 Td (10.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.15 185.32 Td (173,175) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.10 185.32 Td (165,915) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.55 185.32 Td (10.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 185.32 Td (150,161) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 171.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 157.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.80 157.32 Td (\(4,470) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.65 157.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 157.32 Td (6,363) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.15 157.32 Td (8,131) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 157.32 Td (504) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 143.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.15 143.32 Td (6,450) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.65 143.32 Td (725) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.15 143.32 Td (6,217) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 143.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 129.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 129.32 Td (16,287) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.65 129.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 129.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 129.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 115.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.00 115.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.15 115.32 Td (209,501) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.05 115.32 Td (16.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.00 115.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.15 115.32 Td (180,263) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.00 115.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.10 115.32 Td (180,263) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.55 115.32 Td (19.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.00 115.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 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0.9333333333333333 1 rg /GS0 gs 374.50 439.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 439.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 439.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 439.50 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 439.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 439.50 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 411.50 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 411.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 411.50 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 411.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 411.50 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 411.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 411.50 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 411.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 411.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 411.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 411.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 411.50 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 411.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 411.50 59.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 748 m 374.5 747.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 747.5 m 249.5 747.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 747.5 m 370.5 747.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 747.5 m 374.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 747.5 m 436.5 747.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 747.5 m 562.5 747.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 733.5 m 374.5 719.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 719.5 m 374.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 705.5 m 374.5 691.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 691.5 m 374.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 677.5 m 249.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 677.5 m 370.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 677.5 m 374.5 663.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 677.5 m 436.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 677.5 m 562.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 663.5 m 374.5 649.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 649.5 m 374.5 635.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 635.5 m 374.5 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 621.5 m 374.5 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 607.5 m 249.5 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 607.5 m 370.5 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 607.5 m 374.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 607.5 m 436.5 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 607.5 m 562.5 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 593.5 m 374.5 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 579.5 m 374.5 565.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 565.5 m 374.5 551.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 551.5 m 374.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 537.5 m 249.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 524.5 m 249.5 524.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 522.5 m 249.5 522.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 537.5 m 370.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 524.5 m 370.5 524.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 522.5 m 370.5 522.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 537.5 m 374.5 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 537.5 m 436.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 524.5 m 436.5 524.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 522.5 m 436.5 522.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 537.5 m 562.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 524.5 m 562.5 524.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 522.5 m 562.5 522.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 523.5 m 374.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 509.5 m 374.5 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 495.5 m 374.5 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 481.5 m 374.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 467.5 m 374.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 453.5 m 374.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 439.5 m 374.5 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 425.5 m 374.5 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 411.5 m 374.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 397.5 m 374.5 383.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 383.5 m 374.5 383 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 738.07 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.15 738.07 Td (858,367) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.55 738.07 Td (6.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.15 738.07 Td (808,218) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.10 738.07 Td (783,702) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.05 738.07 Td (7.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 738.07 Td (731,036) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 724.07 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 710.07 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 710.07 Td (23,855) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 710.07 Td (37,583) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 710.07 Td (44,333) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 710.07 Td (4,193) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 696.07 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 696.07 Td (22,831) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 696.07 Td (2,645) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 696.07 Td (20,411) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 696.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 682.07 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 682.07 Td (71,803) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.65 682.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 682.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 682.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 668.07 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.00 668.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.15 668.07 Td (976,856) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.05 668.07 Td (15.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.00 668.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.15 668.07 Td (848,446) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.00 668.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.10 668.07 Td (848,446) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.55 668.07 Td (15.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.00 668.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 668.07 Td (735,229) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 654.07 Td (Total Gross Profit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 640.07 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 626.07 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.00 626.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.60 626.07 Td (1,076,125) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.55 626.07 Td (6.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.00 626.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.60 626.07 Td (1,013,675) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.00 626.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.10 626.07 Td (995,812) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.05 626.07 Td (8.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.00 626.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 626.07 Td (917,988) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 612.07 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 612.07 Td (66,195) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.55 612.07 Td (8.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 612.07 Td (61,282) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 612.07 Td (40,139) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.05 612.07 Td (6.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 612.07 Td (37,562) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 598.07 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.60 598.07 Td (1,142,320) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.55 598.07 Td (6.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.60 598.07 Td (1,074,957) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.60 598.07 Td (1,035,951) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.05 598.07 Td (8.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 598.07 Td (955,550) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 584.07 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 570.07 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 570.07 Td (40,290) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 570.07 Td (40,595) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 570.07 Td (58,458) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 570.07 Td (5,050) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 556.07 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 556.07 Td (27,026) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 556.07 Td (1,700) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 556.07 Td (22,843) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 556.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 542.07 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 542.07 Td (82,910) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.65 542.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 542.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 542.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 528.07 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.00 528.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.60 528.07 Td (1,292,546) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.05 528.07 Td (15.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.00 528.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.60 528.07 Td (1,117,252) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.00 528.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.60 528.07 Td (1,117,252) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.55 528.07 Td (16.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.00 528.07 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 528.07 Td (960,600) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 514.07 Td (SG&A as a % of Gross Profit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 500.07 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 486.07 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.15 486.07 Td (74.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.65 486.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.15 486.07 Td (74.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.65 486.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.15 486.07 Td (75.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.65 486.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 486.07 Td (76.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 486.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 472.07 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.15 472.07 Td (78.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.65 472.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.15 472.07 Td (79.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.65 472.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.15 472.07 Td (77.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.65 472.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 472.07 Td (81.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 472.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 458.07 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.15 458.07 Td (75.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.65 458.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.15 458.07 Td (75.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.65 458.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.15 458.07 Td (75.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.65 458.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 458.07 Td (76.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 458.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 444.07 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 430.07 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.15 430.07 Td (59.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.65 430.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.15 430.07 Td (92.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.65 430.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.15 430.07 Td (75.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.65 430.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 430.07 Td (83.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 430.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 416.07 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.15 416.07 Td (84.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.65 416.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 416.07 Td (155.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.65 416.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.15 416.07 Td (89.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.65 416.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 416.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 416.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 402.07 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.15 402.07 Td (86.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.65 402.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.65 402.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.65 402.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 402.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.65 402.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 402.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 402.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 388.07 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.15 388.07 Td (75.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.65 388.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.15 388.07 Td (75.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.65 388.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.15 388.07 Td (75.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.65 388.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 388.07 Td (76.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 388.07 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 352.00 Td (Our SG&A) Tj ET Q q 0 0 0 rg BT 117.78 352.00 Td ( consists primarily of salaries, commissions and incentive-based compensation, as well as rent, advertising, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.00 Td (insurance, benefits, utilities and other fixed expenses. ) Tj ET Q q 0 0 0 rg BT 266.42 340.00 Td (W) Tj ET Q q 0 0 0 rg BT 275.06 340.00 Td (e believe that the majority of our personnel expenses and all of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 328.00 Td (advertising expenses are variable and can be adjusted in response to changing business conditions. Our total Same Store SG&A) Tj ET Q q 0 0 0 rg BT 560.16 328.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 316.00 Td (increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.25 316.00 Td (6.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.08 316.00 Td (, or $50.1 million, for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.77 316.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.35 316.00 Td (, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.38 316.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.38 316.00 Td ( but declined as a percent of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 304.00 Td (gross profit to 75.1%. ) Tj ET Q q 0 0 0 rg BT 139.26 304.00 Td (W) Tj ET Q q 0 0 0 rg BT 147.90 304.00 Td (e continue to aggressively pursue opportunities that take advantage of our size and negotiating leverage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 292.00 Td (with our vendors and service providers in order to rationalize our cost structure.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 274.00 Td (Our total Same Store personnel costs increased for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.24 274.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.83 274.00 Td (, primarily as a result of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.00 Td (commission payments generally correlating with increased vehicle sales. Our consolidated Same Store rent and facility costs ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.00 Td (increased $3.4 million, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.98 250.00 Td (4.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.81 250.00 Td (, to $90.5 million, while our U.S. Same Store rent and facility costs increased $3.9 million, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.00 Td (4.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.83 238.00 Td (, for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 150.79 238.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.38 238.00 Td (, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.41 238.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.41 238.00 Td (. For the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.60 238.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.18 238.00 Td (, our total Same ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.00 Td (Store other SG&A) Tj ET Q q 0 0 0 rg BT 123.89 226.00 Td ( increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.64 226.00 Td (10.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.47 226.00 Td (, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.50 226.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.50 226.00 Td (, which primarily reflected an 1) Tj ET Q q 0 0 0 rg BT 406.19 226.00 Td (1.3% increase in U.S. Same Store ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.00 Td (other SG&A) Tj ET Q q 0 0 0 rg BT 100.28 214.00 Td ( in 2013 as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.59 214.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.59 214.00 Td (. ) Tj ET Q q 0 0 0 rg BT 223.41 214.00 Td (The increase in the U.S. was primarily due to $12.2 million in insurance deductible ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.00 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 202.00 Td (ges associated with vehicle inventory and building damage from certain catastrophic events that occurred during ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.37 202.00 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.37 202.00 Td (, as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.00 Td (well as $5.2 million of costs incurred for professional advisory services associated with the acquisition of UAB Motors. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.00 Td (Partially of) Tj ET Q q 0 0 0 rg BT 94.53 178.00 Td (fsetting these expenses in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.95 178.00 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.95 178.00 Td ( were $10.2 million of net gains on the disposition of real estate and dealerships. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.00 Td (Ongoing cost control ef) Tj ET Q q 0 0 0 rg BT 144.52 166.00 Td (forts and the leverage on our cost structure that higher revenues and gross profits provide resulted in a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.00 Td (10 basis points improvement in our total Same Store SG&A) Tj ET Q q 0 0 0 rg BT 289.71 154.00 Td ( as a percentage of gross profit for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.90 154.00 Td (December31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.00 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 142.00 Td (, as compared to the same period in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.12 142.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.12 142.00 Td (, to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.40 142.00 Td (75.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.23 142.00 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 124.00 Td (For the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.69 124.00 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.28 124.00 Td (, total Same Store SG&A) Tj ET Q q 0 0 0 rg BT 329.11 124.00 Td ( expenses increased by $52.7 million, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.68 124.00 Td (7.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.51 124.00 Td (, as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 112.00 Td (compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.20 112.00 Td (201) Tj ET Q q 0 0 0 rg BT 116.83 112.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.83 112.00 Td (. ) Tj ET Q q 0 0 0 rg BT 126.65 112.00 Td (This increase was primarily attributable to an increase in personnel costs coupled with char) Tj ET Q q 0 0 0 rg BT 491.07 112.00 Td (ges for accrual ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 100.00 Td (adjustments that were primarily related to adverse development in our workers' compensation claims. Our total Same Store ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 88.00 Td (advertising expenses increased by 7.3%, or $3.4 million, for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.80 88.00 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.38 88.00 Td (, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.42 88.00 Td (201) Tj ET Q q 0 0 0 rg BT 515.04 88.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.04 88.00 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 76.00 Td (primarily corresponding with our ef) Tj ET Q q 0 0 0 rg BT 193.12 76.00 Td (forts to stimulate new and used vehicle sales, as well as parts and service activity) Tj ET Q q 0 0 0 rg BT 516.53 76.00 Td (. For the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 64.00 Td (year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.08 64.00 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.67 64.00 Td (, our total Same Store rent and facility costs decreased $3.6 million, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.04 64.00 Td (4.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.87 64.00 Td (, to $86.1 million, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 52.00 Td (while our U.S. Same Store rent and facility costs decreased $3.6 million, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.10 52.00 Td (4.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.93 52.00 Td (, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.96 52.00 Td (201) Tj ET Q q 0 0 0 rg BT 457.59 52.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.59 52.00 Td (. ) Tj ET Q q 0 0 0 rg BT 467.41 52.00 Td (The decreases were ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 127 0 obj <>] /Rotate 0 /Contents 128 0 R>> endobj 128 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (primarily a result of our purchase of real estate associated with existing dealerships, which served to reduce our rent expense. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (The results for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.62 730.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.20 730.10 Td ( included an aggregate of $0.8 million in char) Tj ET Q q 0 0 0 rg BT 432.46 730.10 Td (ges for the portion of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (insurance deductibles associated with the property damaged in the Oklahoma hail storm during the second quarter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.75 718.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.75 718.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Hurricane Isaac during the third quarter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.04 706.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.04 706.10 Td ( and Hurricane Sandy during the fourth quarter of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.36 706.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.36 706.10 Td (. Our Same Store other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 77.23 694.10 Td ( increased 10.5%, or $15.8 million, for the year ended December 31, 2012 as compared to 201) Tj ET Q q 0 0 0 rg BT 454.24 694.10 Td (1, primarily as result of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (increases in areas that traditionally trend with sales volume, coupled with an aggregate of $4.3 million in char) Tj ET Q q 0 0 0 rg BT 488.85 682.10 Td (ges for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (portion of our insurance deductibles associated with damaged vehicle inventory and other expenses in the Oklahoma City hail ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (storm during the second quarter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.69 658.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.69 658.10 Td (, Hurricane Isaac during the third quarter and Hurricane Sandy in the fourth quarter) Tj ET Q q 0 0 0 rg BT 532.34 658.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 646.10 Td (, the Same Store other SG&A) Tj ET Q q 0 0 0 rg BT 218.22 646.10 Td ( in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.00 646.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.00 646.10 Td ( reflected deal costs of $1.8 million related to the acquisition of UAB Motors. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Our total Same Store gross profit improved 8.4% to $1,036.0 million and, as a result, our total Same Store SG&A) Tj ET Q q 0 0 0 rg BT 504.39 634.10 Td ( percentage of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (gross profit decreased 80 basis points to 75.7% for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.76 622.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.35 622.10 Td (, as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.38 622.10 Td (201) Tj ET Q q 0 0 0 rg BT 477.01 622.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.01 622.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 604.10 Td (Depreciation and ) Tj ET Q q 0 0 0 rg BT 135.52 604.10 Td (Amortization Data) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 586.10 Td (\(dollars in thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 148.66 586.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 532.60 144.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 532.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 532.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 532.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 532.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 532.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 532.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 532.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 532.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 532.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 532.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 532.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 532.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 532.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 504.60 144.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 504.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 504.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 504.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 504.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 504.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 504.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 504.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 504.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 504.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 504.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 504.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 504.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 504.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 476.60 144.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 476.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 476.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 476.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 476.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 476.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 476.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 476.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 476.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 476.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 476.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 476.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 476.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 476.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 448.60 144.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 448.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 448.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 448.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 448.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 448.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 448.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 448.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 448.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 448.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 448.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 448.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 448.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 448.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 420.60 144.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 420.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 420.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 420.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 420.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 420.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 420.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 420.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 420.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 420.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 420.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 420.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 420.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 420.60 57.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 555.6 m 255.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 555.6 m 259.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 555.6 m 315.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 555.6 m 319.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 555.6 m 376.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 555.6 m 380.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 555.6 m 440.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 555.6 m 444.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 555.6 m 501.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 555.6 m 505.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 555.6 m 562.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 532.6 m 255.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 532.6 m 315.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 532.6 m 376.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 532.6 m 380.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 555.6 m 380.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 555.6 m 384.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 532.6 m 440.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 532.6 m 501.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 532.6 m 562.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 532.6 m 380.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 518.6 m 380.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 504.6 m 380.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 490.6 m 255.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 490.6 m 376.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 490.6 m 380.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 490.6 m 440.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 490.6 m 562.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 476.6 m 380.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 462.6 m 380.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 448.6 m 380.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 434.6 m 380.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 420.6 m 255.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 407.6 m 255.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 405.6 m 255.5 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 420.6 m 376.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 407.6 m 376.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 405.6 m 376.5 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 420.6 m 380.5 406.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 420.6 m 440.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 407.6 m 440.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 405.6 m 440.5 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 420.6 m 562.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 407.6 m 562.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 405.6 m 562.5 405.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 559.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 321.10 559.83 Td (For The Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 536.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 218.50 536.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 283.00 544.83 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 273.85 536.83 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.50 536.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.00 536.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.50 544.83 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.35 536.83 Td (Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.70 536.83 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 523.17 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 509.17 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.00 509.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.15 509.17 Td (30,565) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.55 509.17 Td (8.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.00 509.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.15 509.17 Td (28,178) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.00 509.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.15 509.17 Td (27,910) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.55 509.17 Td (12.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.00 509.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 509.17 Td (24,902) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 495.17 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.15 495.17 Td (1,853) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.75 495.17 Td (\(21.8\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.15 495.17 Td (2,371) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.15 495.17 Td (1,924) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.75 495.17 Td (\(6.8\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 495.17 Td (2,064) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 481.17 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.15 481.17 Td (32,418) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.55 481.17 Td (6.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.15 481.17 Td (30,549) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.15 481.17 Td (29,834) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.55 481.17 Td (10.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 481.17 Td (26,966) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 467.17 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 453.17 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.15 453.17 Td (1,106) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.65 453.17 Td (959) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.15 453.17 Td (1,227) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 453.17 Td (97) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 439.17 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.65 439.17 Td (720) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.65 439.17 Td (26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 439.17 Td (473) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 439.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 425.17 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.15 425.17 Td (1,582) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.65 425.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.65 425.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 425.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 411.17 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.00 411.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.15 411.17 Td (35,826) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.05 411.17 Td (13.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.00 411.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.15 411.17 Td (31,534) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.00 411.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.15 411.17 Td (31,534) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.55 411.17 Td (16.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.00 411.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 411.17 Td (27,063) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 389.10 Td (Our total Same Store depreciation and amortization expense increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.51 389.10 Td (6.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.34 389.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.77 389.10 Td (10.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.60 389.10 Td ( for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.96 389.10 Td (December31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 377.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 377.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.44 377.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.44 377.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 162.10 377.10 Td (, as compared to the respective prior year period, we continue to strategically add dealership related ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 365.10 Td (real estate to our portfolio and make improvements to our existing facilities that are designed to enhance the profitability of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 353.10 Td (dealerships and the overall customer experience. ) Tj ET Q q 0 0 0 rg BT 246.68 353.10 Td (W) Tj ET Q q 0 0 0 rg BT 255.32 353.10 Td (e critically evaluate all planned future capital spending, working closely ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 341.10 Td (with our original equipment manufacturer partners to maximize the return on our investments. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 323.10 Td (Impairment of ) Tj ET Q q 0 0 0 rg BT 123.86 323.10 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 305.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 305.10 Td (e perform an annual review of the fair value of our goodwill and indefinite-lived intangible assets during the fourth ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 293.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 77.76 293.10 Td (. ) Tj ET Q q 0 0 0 rg BT 82.58 293.10 Td (W) Tj ET Q q 0 0 0 rg BT 91.22 293.10 Td (e also perform interim reviews for impairment when evidence exists that the carrying value of such assets may not be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 281.10 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 101.45 281.10 Td (W) Tj ET Q q 0 0 0 rg BT 110.09 281.10 Td (e did not identify an impairment of our recorded goodwill in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.19 281.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.19 281.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.19 281.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.19 281.10 Td ( or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.52 281.10 Td (201) Tj ET Q q 0 0 0 rg BT 427.15 281.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.15 281.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 263.10 Td (In 2013 and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.27 263.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.27 263.10 Td (, we noted impairment indicators relative to intangible franchise rights with our existing dealership ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 251.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 88.88 251.10 Td (As a result, we recognized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.17 251.10 Td ($5.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.06 251.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.50 251.10 Td ($7.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.39 251.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 367.05 251.10 Td (, in pre-tax non-cash asset impairment char) Tj ET Q q 0 0 0 rg BT 539.31 251.10 Td (ges. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 239.10 Td (For long-lived assets, we review for impairment whenever there is evidence that the carrying amount of such assets may not be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 227.10 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 101.45 227.10 Td (W) Tj ET Q q 0 0 0 rg BT 110.09 227.10 Td (e noted evidence that certain long-lived assets associated with our existing dealership facilities had a carrying ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 215.10 Td (value which may not be realized. ) Tj ET Q q 0 0 0 rg BT 184.12 215.10 Td (As a result, we recognized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.41 215.10 Td ($1.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.30 215.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.74 215.10 Td ($0.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.63 215.10 Td ( in pre-tax non-cash asset impairment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 203.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 203.10 Td (ges in 2013 and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.57 203.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.57 203.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 205.23 203.10 Td (. ) Tj ET Q q 0 0 0 rg BT 210.05 203.10 Td (W) Tj ET Q q 0 0 0 rg BT 218.69 203.10 Td (e did not identify an impairment of recorded intangible franchise rights in 201) Tj ET Q q 0 0 0 rg BT 530.45 203.10 Td (1.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 185.10 Td (In 201) Tj ET Q q 0 0 0 rg BT 99.46 185.10 Td (1, we noted impairment indicators relative to other long-lived assets associated with our existing dealership ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (facilities, as well as certain non-operating real estate holdings. ) Tj ET Q q 0 0 0 rg BT 300.75 173.10 Td (As a result, we recognized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.04 173.10 Td ($4.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.93 173.10 Td ( in pre-tax non-cash asset ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td (impairment char) Tj ET Q q 0 0 0 rg BT 115.63 161.10 Td (ges. Included in this total impairment char) Tj ET Q q 0 0 0 rg BT 284.57 161.10 Td (ge, we recorded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.64 161.10 Td ($3.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.53 161.10 Td ( in pre-tax non-cash asset impairment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 149.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 149.10 Td (ges associated with assets classified as held-for) Tj ET Q q 0 0 0 rg BT 255.66 149.10 Td (-sale to adjust the respective carrying values to their estimated fair market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (values, as determined by third-party appraisals and brokers) Tj ET Q q 0 0 0 rg BT 288.62 137.10 Td ( opinions of values. ) Tj ET Q q 0 0 0 rg BT 369.27 137.10 Td (These assets were subsequently reclassified as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 125.10 Td (held-for) Tj ET Q q 0 0 0 rg BT 82.01 125.10 Td (-use when our plan to dispose was terminated.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 129 0 obj <>] /Rotate 0 /Contents 130 0 R>> endobj 130 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (62) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 736.25 Td (Floorplan Interest Expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 718.25 Td (\(dollars in thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 670.75 136.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 670.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 670.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 670.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 670.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 670.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 670.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 670.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 642.75 136.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 642.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 642.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 642.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 642.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 642.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 642.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 642.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 614.75 136.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 614.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 614.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 614.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 614.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 614.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 614.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 614.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 586.75 136.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 586.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 586.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 586.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 586.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 586.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 586.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 586.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 558.75 136.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 558.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 558.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 558.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 558.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 558.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 558.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 558.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 530.75 136.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 530.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 530.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 530.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 530.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 530.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 530.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 530.75 58.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 693.75 m 248.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 693.75 m 252.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 693.75 m 310.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 693.75 m 314.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 693.75 m 372.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 693.75 m 376.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 693.75 m 380.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 693.75 m 438.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 693.75 m 442.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 693.75 m 500.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 693.75 m 504.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 693.75 m 562.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 670.75 m 248.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 670.75 m 310.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 670.75 m 372.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 693.75 m 376.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 670.75 m 438.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 670.75 m 500.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 670.75 m 562.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 670.75 m 376.5 656.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 656.75 m 376.5 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 642.75 m 376.5 628.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 628.75 m 248.5 628.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 628.75 m 372.5 628.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 628.75 m 376.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 628.75 m 438.5 628.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 628.75 m 562.5 628.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 614.75 m 376.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 600.75 m 376.5 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 586.75 m 376.5 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 572.75 m 376.5 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 558.75 m 248.5 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 545.75 m 248.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 543.75 m 248.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 558.75 m 372.5 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 545.75 m 372.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 543.75 m 372.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 558.75 m 376.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 558.75 m 438.5 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 545.75 m 438.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 543.75 m 438.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 558.75 m 562.5 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 545.75 m 562.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 543.75 m 562.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 544.75 m 376.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 530.75 m 376.5 516.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 698.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.75 698.20 Td (For The Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 675.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 210.00 675.20 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 276.50 684.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 266.20 675.20 Td (Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.00 675.20 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.00 675.20 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.50 684.20 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.20 675.20 Td (Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.20 675.20 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 661.32 Td (Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 647.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.00 647.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.15 647.32 Td (32,652) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.55 647.32 Td (9.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.00 647.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.15 647.32 Td (29,756) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.00 647.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 647.32 Td (29,011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.55 647.32 Td (7.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.00 647.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 647.32 Td (27,043) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 633.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.15 633.32 Td (1,119) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.05 633.32 Td (13.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.65 633.32 Td (990) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.65 633.32 Td (372) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.75 633.32 Td (\(16.0\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 633.32 Td (443) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 619.32 Td (Total Same Stores) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.15 619.32 Td (33,771) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.55 619.32 Td (9.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.15 619.32 Td (30,746) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 619.32 Td (29,383) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.55 619.32 Td (6.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 619.32 Td (27,486) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 605.32 Td (Transactions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 591.32 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.15 591.32 Td (1,137) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.65 591.32 Td (980) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.15 591.32 Td (1,725) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 591.32 Td (201) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 577.32 Td (U.K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.65 577.32 Td (470) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 577.32 Td (70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.65 577.32 Td (688) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 577.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 563.32 Td (Brazil) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.15 563.32 Td (6,289) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 563.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.65 563.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 563.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 549.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.00 549.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.15 549.32 Td (41,667) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.05 549.32 Td (31.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.00 549.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.15 549.32 Td (31,796) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.00 549.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 549.32 Td (31,796) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.05 549.32 Td (14.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.00 549.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 549.32 Td (27,687) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 535.32 Td (Memo:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 521.32 Td (Manufacturers assistance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.00 521.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.15 521.32 Td (38,543) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.05 521.32 Td (13.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.00 521.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.15 521.32 Td (33,915) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.00 521.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 521.32 Td (33,915) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.05 521.32 Td (29.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.00 521.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 521.32 Td (26,144) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 499.25 Td (Our floorplan interest expense fluctuates with changes in borrowings outstanding and interest rates, which are based on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (one-month LIBOR \(or Prime rate in some cases\) in the U.S. and U.K. and a benchmark rate plus a spread in Brazil. ) Tj ET Q q 0 0 0 rg BT 513.86 487.25 Td (T) Tj ET Q q 0 0 0 rg BT 519.27 487.25 Td (o mitigate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (the impact of U.S. interest rate fluctuations, we employ an interest rate hedging strategy) Tj ET Q q 0 0 0 rg BT 400.91 475.25 Td (, whereby we swap variable interest rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 463.25 Td (exposure for a fixed interest rate over the term of the U.S. variable interest rate debt. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 445.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.94 445.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.53 445.25 Td (, we had ef) Tj ET Q q 0 0 0 rg BT 219.21 445.25 Td (fective interest rate swaps with an aggregate notional amount of $450.0 million that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 433.25 Td (fixed our underlying one-month LIBOR at a weighted average rate of 2.6%. ) Tj ET Q q 0 0 0 rg BT 356.39 433.25 Td (The majority of the monthly settlements of these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (interest rate swap liabilities are recognized as floorplan interest expense. From time to time, we utilize excess cash on hand to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 Td (pay down our floorplan borrowings, and the resulting interest earned is recognized as an of) Tj ET Q q 0 0 0 rg BT 413.88 409.25 Td (fset to our gross floorplan interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (expense. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 379.25 Td (Our total Same Store floorplan interest expense increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.20 379.25 Td (9.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.03 379.25 Td (, or $3.0 million, for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.71 379.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.30 379.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 367.25 Td (as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.03 367.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.03 367.25 Td (. ) Tj ET Q q 0 0 0 rg BT 137.85 367.25 Td (This increase primarily reflects growth in our weighted average floorplan borrowings outstanding in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 355.25 Td (U.S. of $236.4 million for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.47 355.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.05 355.25 Td (, which was necessary to support the growth in inventory that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 343.25 Td (occurred in response to the improved selling environment.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 325.25 Td (Our total Same Store floorplan interest expense increased 6.9%, or $1.9 million, for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.71 325.25 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.30 325.25 Td ( as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.20 313.25 Td (201) Tj ET Q q 0 0 0 rg BT 116.83 313.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.83 313.25 Td (. ) Tj ET Q q 0 0 0 rg BT 126.65 313.25 Td (This increase primarily reflects growth in our weighted average floorplan borrowings outstanding between ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (the respective periods of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 150.52 301.25 Td ($147.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.41 301.25 Td (, primarily explained by the normalization of our import brand inventories. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 283.25 Td (Other Interest Expense, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 265.25 Td (Other interest expense, net consists of interest char) Tj ET Q q 0 0 0 rg BT 275.09 265.25 Td (ges primarily on our real estate related debt and our other long-term ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 253.25 Td (debt, partially of) Tj ET Q q 0 0 0 rg BT 115.69 253.25 Td (fset by interest income. For the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.60 253.25 Td (twelve months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.58 253.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.08 253.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.67 253.25 Td (, other interest expense increased $1.5 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 241.25 Td (million, or 4.0%, to $39.0 million, as compared to the same period in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.34 241.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.34 241.25 Td (. ) Tj ET Q q 0 0 0 rg BT 353.16 241.25 Td (This increase was primarily attributable to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 229.25 Td (additional real estate financing, including mortgage borrowings related to dealership acquisitions during 2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 211.25 Td (For the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.69 211.25 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.28 211.25 Td (, other interest expense increased $3.7 million, or 1) Tj ET Q q 0 0 0 rg BT 432.57 211.25 Td (1.1%, to $37.5 million, as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 199.25 Td (compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.70 199.25 Td (201) Tj ET Q q 0 0 0 rg BT 116.33 199.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.33 199.25 Td (, primarily attributable to additional borrowings used to finance real estate purchases. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 181.25 Td (Included in other interest expense for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.80 181.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.39 181.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.39 181.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.39 181.25 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.33 181.25 Td (201) Tj ET Q q 0 0 0 rg BT 428.96 181.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.96 181.25 Td ( is non-cash, discount ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 169.25 Td (amortization expense of $10.8 million, $9.9 million, and $9.1million, respectively) Tj ET Q q 0 0 0 rg BT 379.35 169.25 Td (, representing the impact of the accounting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 157.25 Td (for convertible debt as required by ) Tj ET Q q 0 0 0 rg BT 189.45 157.25 Td (ASC 470. Based on the principal amount of 2.25% Notes and 3.00% Notes outstanding as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 145.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.08 145.25 Td (, we anticipate that the ongoing non-cash discount amortization expense related to the convertible debt ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 133.25 Td (instruments will average $13.5 million annually through mid-2016, the point at which the 2.25% Note holders can first require ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 121.25 Td (us to redeem the 2.25% Notes, and then will average $4.8 million annually through the first quarter of 2020.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 97.25 Td (Provision for Income T) Tj ET Q q 0 0 0 rg BT 157.47 97.25 Td (axes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 79.25 Td (For the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.19 79.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.78 79.25 Td (, we recorded a tax provision of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.18 79.25 Td ($77.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.07 79.25 Td (. ) Tj ET Q q 0 0 0 rg BT 417.89 79.25 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.93 79.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.93 79.25 Td ( ef) Tj ET Q q 0 0 0 rg BT 466.02 79.25 Td (fective tax rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 67.25 Td (40.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.83 67.25 Td ( dif) Tj ET Q q 0 0 0 rg BT 89.26 67.25 Td (fered from the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.95 67.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.95 67.25 Td ( ef) Tj ET Q q 0 0 0 rg BT 179.04 67.25 Td (fective tax rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.77 67.25 Td (37.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.60 67.25 Td ( primarily due to valuation allowances recognized on certain foreign ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 55.25 Td (company deferred tax assets, non-deductible goodwill from the disposition of certain domestic dealerships and non-deductible ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 131 0 obj <>] /Rotate 0 /Contents 132 0 R>> endobj 132 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (63) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (transaction costs related to foreign acquisitions as well as the changes in certain tax laws and rates, and the change in the mix of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (our pretax income from the taxable jurisdictions in which we operate. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 712.10 Td (For the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.19 712.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.78 712.10 Td (, we recorded a tax provision of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.18 712.10 Td ($60.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.07 712.10 Td (. ) Tj ET Q q 0 0 0 rg BT 417.89 712.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.93 712.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.93 712.10 Td ( ef) Tj ET Q q 0 0 0 rg BT 466.02 712.10 Td (fective tax rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (37.7% dif) Tj ET Q q 0 0 0 rg BT 89.26 700.10 Td (fered from the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.95 700.10 Td (201) Tj ET Q q 0 0 0 rg BT 163.58 700.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.58 700.10 Td ( ef) Tj ET Q q 0 0 0 rg BT 178.67 700.10 Td (fective tax rate of 37.6% primarily due to the changes in certain state tax laws and rates, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (the change in the mix of our pretax income from the taxable state jurisdictions in which we operate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 670.10 Td (e believe that it is more likely than not that our deferred tax assets, net of valuation allowances provided, will be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (realized, based primarily on the assumption of future taxable income. ) Tj ET Q q 0 0 0 rg BT 329.73 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 338.36 658.10 Td (e expect our ef) Tj ET Q q 0 0 0 rg BT 397.31 658.10 Td (fective tax rate in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.50 658.10 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.50 658.10 Td ( will be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (approximately 39.0%.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 628.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.94 628.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.53 628.10 Td (, we had net deferred tax liabilities totaling ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.63 628.10 Td ($130.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.53 628.10 Td ( relating to the dif) Tj ET Q q 0 0 0 rg BT 479.99 628.10 Td (ferences between ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (the financial reporting and tax basis of assets and liabilities, some of which are expected to reverse in the future. ) Tj ET Q q 0 0 0 rg BT 500.78 616.10 Td (This includes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td ($141.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.89 604.10 Td ( of deferred tax liabilities relating to intangibles for goodwill and franchise rights that are deductible for tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (purposes that will not reverse unless the related intangibles are disposed, as well as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.63 592.10 Td ($43.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.53 592.10 Td ( of deferred tax assets relating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (to loss reserves and accruals, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.23 580.10 Td ($28.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.12 580.10 Td ( of valuation allowances on deferred tax assets. Refer to Note 7 to our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (Consolidated Financial Statements for more details.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 133 0 obj <>] /Rotate 0 /Contents 134 0 R>> endobj 134 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (64) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.25 Td (Liquidity and Capital Resour) Tj ET Q q 0 0 0 rg BT 175.68 736.25 Td (ces) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 718.25 Td (Our liquidity and capital resources are primarily derived from cash on hand, cash temporarily invested as a pay down of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Floorplan Line levels, cash from operations, borrowings under our credit facilities, which provide vehicle floorplan financing, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (working capital and dealership and real estate acquisition financing, and proceeds from debt and equity of) Tj ET Q q 0 0 0 rg BT 473.56 694.25 Td (ferings. Based on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (current facts and circumstances, we believe we will have adequate cash flow) Tj ET Q q 0 0 0 rg BT 355.88 682.25 Td (, coupled with available borrowing capacity) Tj ET Q q 0 0 0 rg BT 530.72 682.25 Td (, to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (fund our current operations, capital expenditures and acquisitions for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.25 670.25 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.25 670.25 Td (. If economic and business conditions deteriorate or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (if our capital expenditures or acquisition plans for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.16 658.25 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.16 658.25 Td ( change, we may need to access the private or public capital markets to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (obtain additional funding.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 628.25 Td (Cash on Hand.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.28 628.25 Td ( ) Tj ET Q q 0 0 0 rg BT 136.23 628.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.67 628.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.26 628.25 Td (, our total cash on hand was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.12 628.25 Td ($20.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.01 628.25 Td (. Included in cash on hand are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (balances from various investments in marketable and debt securities, such as money market accounts and variable-rate demand ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (obligations with manufacturer) Tj ET Q q 0 0 0 rg BT 170.32 604.25 Td (-af) Tj ET Q q 0 0 0 rg BT 181.24 604.25 Td (filiated finance companies, which have maturities of less than three months or are redeemable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (on demand by us. ) Tj ET Q q 0 0 0 rg BT 122.87 592.25 Td (The balance of cash on hand excludes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.97 592.25 Td ($56.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.86 592.25 Td ( of immediately available funds used to pay down our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (Floorplan Line. ) Tj ET Q q 0 0 0 rg BT 114.53 580.25 Td (W) Tj ET Q q 0 0 0 rg BT 123.17 580.25 Td (e use the pay down of our Floorplan Line as a channel for the short-term investment of excess cash.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 562.25 Td (Cash Flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.01 562.25 Td () Tj ET Q q 0 0 0 rg BT 126.33 562.25 Td (W) Tj ET Q q 0 0 0 rg BT 135.37 562.25 Td (ith respect to all new vehicle floorplan borrowings in the normal course of business, the manufacturers of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (the vehicles draft our credit facilities directly with no cash flow to or from us. ) Tj ET Q q 0 0 0 rg BT 363.06 550.25 Td (W) Tj ET Q q 0 0 0 rg BT 372.09 550.25 Td (ith respect to borrowings for used vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (financing, we finance up to 80% of the value of our used vehicle inventory in the U.S., and the funds flow directly to us from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (the lender) Tj ET Q q 0 0 0 rg BT 89.15 526.25 Td (. ) Tj ET Q q 0 0 0 rg BT 93.60 526.25 Td (All borrowings from, and repayments to, lenders af) Tj ET Q q 0 0 0 rg BT 298.64 526.25 Td (filiated with our vehicle manufacturers \(excluding the cash flows ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (from or to manufacturer) Tj ET Q q 0 0 0 rg BT 146.15 514.25 Td (-af) Tj ET Q q 0 0 0 rg BT 157.07 514.25 Td (filiated lenders participating in our syndicated lending group\) are presented within Cash Flows from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 91.93 502.25 Td (Activities on the Consolidated Statements of Cash Flows in conformity with U.S. GAAP) Tj ET Q q 0 0 0 rg BT 446.36 502.25 Td (. ) Tj ET Q q 0 0 0 rg BT 450.81 502.25 Td (All borrowings from, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (repayments to, the Revolving Credit Facility \(including the cash flows from or to manufacturer) Tj ET Q q 0 0 0 rg BT 430.26 490.25 Td (-af) Tj ET Q q 0 0 0 rg BT 441.18 490.25 Td (filiated lenders participating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (in the facility\) are presented within Cash Flows from Financing ) Tj ET Q q 0 0 0 rg BT 306.06 478.25 Td (Activities in conformity with U.S. GAAP) Tj ET Q q 0 0 0 rg BT 471.33 478.25 Td (. However) Tj ET Q q 0 0 0 rg BT 512.58 478.25 Td (, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (incurrence of all floorplan notes payable represents an activity necessary to acquire inventory for resale, resulting in a trade ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (payable. Our decision to utilize our Revolving Credit Facility does not substantially alter the process by which our vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (inventory is financed, nor does it significantly impact the economics of our vehicle procurement activities. ) Tj ET Q q 0 0 0 rg BT 478.30 442.25 Td (Therefore, we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (believe that all floorplan financing of inventory purchases in the normal course of business should correspond with the related ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (inventory activity and be classified as an operating activity in our adjusted operating cash flows. ) Tj ET Q q 0 0 0 rg BT 437.49 418.25 Td (W) Tj ET Q q 0 0 0 rg BT 446.12 418.25 Td (e believe that this ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (classification eliminates excess volatility in our operating cash flows prepared in accordance with U.S. GAAP) Tj ET Q q 0 0 0 rg BT 490.06 406.25 Td ( and avoids the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (potential to mislead the users of our financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 376.25 Td (Because the majority of our dealership acquisitions and dispositions are negotiated as asset purchases, we do not assume ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (transfer of liabilities for floorplan financing in the execution of the transactions. ) Tj ET Q q 0 0 0 rg BT 371.66 364.25 Td (Therefore, borrowings and repayments of all ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (floorplan financing associated with dealership acquisition and disposition are characterized as either operating or financing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (activities in our statement of cash flows presented in conformity with U.S. GAAP) Tj ET Q q 0 0 0 rg BT 376.05 340.25 Td (, depending on the relationship described ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (above. However) Tj ET Q q 0 0 0 rg BT 115.13 328.25 Td (, the floorplan financing activity is so closely related to the inventory acquisition process that we believe the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (presentation of all acquisition and disposition related floorplan financing activities should be classified as investing activity to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (correspond with the associated inventory activity) Tj ET Q q 0 0 0 rg BT 245.68 304.25 Td (, and we have made such adjustments in our adjusted operating cash flow ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (presentations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 274.25 Td (The following table sets forth selected historical information regarding cash flows from our Consolidated Statements of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (Cash Flows on an adjusted, non-GAAP) Tj ET Q q 0 0 0 rg BT 207.40 262.25 Td ( basis. For further explanation and reconciliation to the most directly comparable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (measures see "Non-GAAP) Tj ET Q q 0 0 0 rg BT 156.46 250.25 Td ( Financial Measures" below) Tj ET Q q 0 0 0 rg BT 267.37 250.25 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 191.75 257.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 191.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 191.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 191.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 191.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 191.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 191.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 163.75 257.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 163.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 163.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 163.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 163.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 163.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 163.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 135.75 257.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 135.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 135.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 135.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 135.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 135.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 135.75 81.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 219.75 m 392.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 219.75 m 396.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 219.75 m 477.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 219.75 m 481.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 219.75 m 562.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 219.75 m 392.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 205.75 m 392.5 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 219.75 m 396.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 219.75 m 477.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 205.75 m 477.5 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 219.75 m 481.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 219.75 m 562.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 205.75 m 562.5 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 135.75 m 392.5 135.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 135.75 m 477.5 135.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 135.75 m 562.5 135.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 122.75 m 392.5 122.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 120.75 m 392.5 120.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 135.75 m 477.5 135.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 122.75 m 477.5 122.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 120.75 m 477.5 120.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 135.75 m 562.5 135.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 122.75 m 562.5 122.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 120.75 m 562.5 120.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 224.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 378.85 223.98 Td (For the Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 210.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.50 209.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 428.50 209.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.70 209.98 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 196.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.00 196.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 411.70 195.98 Td (\(Inthousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 196.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 182.32 Td (Adjusted net cash provided by operating activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.00 182.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.15 182.32 Td (202,823) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.00 182.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.15 182.32 Td (159,194) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.00 182.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 182.32 Td (152,254) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 168.32 Td (Adjusted net cash used in investing activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.80 168.37 Td (\(249,516) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.65 168.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.80 168.37 Td (\(208,959) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.65 168.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.80 168.37 Td (\(137,201) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 168.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 154.32 Td (Adjusted net cash provided by \(used in\) financing activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.15 154.32 Td (66,404) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.15 154.32 Td (40,808) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 154.37 Td (\(19,861) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 154.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 140.32 Td (Effect of exchange rate changes on cash) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.80 140.37 Td (\(4,146) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.65 140.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.80 140.37 Td (\(1,288) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.65 140.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.30 140.37 Td (\(140) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 140.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 126.32 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.00 126.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.15 126.32 Td (15,565) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.00 126.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.80 126.37 Td (\(10,245) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.65 126.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.00 126.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 126.37 Td (\(4,948) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 126.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 63.50 104.25 Td (Sources and Uses of Liquidity from Operating ) Tj ET Q q 0 0 0 rg BT 255.64 104.25 Td (Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 86.25 Td (For the year ended December31, 2013, we generated $205.0 million in adjusted net cash flow from operating activities, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 74.25 Td (primarily consisting of $1) Tj ET Q q 0 0 0 rg BT 153.23 74.25 Td (14.0 million in net income, as well as non-cash adjustments related to depreciation and amortization ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 62.25 Td (of $35.8 million, deferred income taxes of $22.4 million, amortization of debt discounts and debt issue costs of $13.9 million, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 50.25 Td (stock-based compensation of $13.9 million, asset impairments of $6.5 million and an $8.8 million adjusted net change in ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 135 0 obj <>] /Rotate 0 /Contents 136 0 R>> endobj 136 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (operating assets and liabilities. Included in the net change in operating assets and liabilities were cash outflows of $241.9 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (million from increases in inventory) Tj ET Q q 0 0 0 rg BT 190.43 730.10 Td (, $19.0 million from increases of vehicle receivables and contracts-in-transit and $9.5 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (million from an increase in accounts and notes receivables, which were more than of) Tj ET Q q 0 0 0 rg BT 388.58 718.10 Td (fset by cash inflows of $233.7 million ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (from the adjusted net increase in floorplan borrowings, $43.3 million provided by increases in accounts payable and accrued ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (expenses, and $1.9 million from a decrease in prepaid expenses and other assets. ) Tj ET Q q 0 0 0 rg BT 374.72 694.10 Td (The adjusted net cash flow from operating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (activities excludes $1) Tj ET Q q 0 0 0 rg BT 135.71 682.10 Td (1.0 million of net gains from the disposition of assets. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 664.10 Td (For the year endedDecember31, 2012, we generated$159.2 millionin adjusted net cash flow from operating activities, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (primarily consisting of $100.2 millionin net income, as well as non-cash adjustments related to depreciation and amortization ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (of$31.5 million, deferred income taxes of $13.3 million, amortization of debt discounts and debt issue costs of$13.0 million, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (stock-based compensation of$1) Tj ET Q q 0 0 0 rg BT 178.21 628.10 Td (1.9 million, and asset impairments of$7.3 million, partially of) Tj ET Q q 0 0 0 rg BT 427.16 628.10 Td (fset by a $14.2 million adjusted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (net change in operating assets and liabilities. Included in the net change in operating assets and liabilities were cash outflows ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (of$278.2 millionfrom increases in inventory) Tj ET Q q 0 0 0 rg BT 231.26 604.10 Td (,$29.1 millionfrom increases of vehicle receivables and contracts-in-transit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (and$6.8 millionfrom an increase in accounts and notes receivables, partially of) Tj ET Q q 0 0 0 rg BT 369.71 592.10 Td (fset bycash inflows of $267.8 millionfrom the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (adjusted net increase in floorplan borrowings,$29.9 millionprovided by increases in accounts payable and accrued expenses, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (and$2.4 millionfrom a decrease in prepaid expenses and other assets. ) Tj ET Q q 0 0 0 rg BT 333.62 568.10 Td (The adjusted net cash flow from operating activities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (excludes $4.9 million of net gains from the disposition of assets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 538.10 Td (For the year endedDecember31, 201) Tj ET Q q 0 0 0 rg BT 222.41 538.10 Td (1, we generated$152.3 millionin adjusted net cash flow from operating activities, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (primarily consisting of$82.4 millionin net income,non-cash adjustments related to depreciation and amortization of$27.1 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (million, deferred income taxes of$24.8 million, amortization of debt discounts and debt issue costs of$12.0 million, stock-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (based compensation of$10.9 million, and asset impairments of$4.8 million, partially of) Tj ET Q q 0 0 0 rg BT 403.09 502.10 Td (fset by a $9.1 million adjusted net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (change in operating assets and liabilities. Included in the adjusted net change in operating assets and liabilities are cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (outflows of$53.8 millionfrom increases of vehicle receivables and contracts-in-transit,$17.9 millionfrom an increase in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (accounts and notes receivables, $1) Tj ET Q q 0 0 0 rg BT 187.63 466.10 Td (1.2 millionfrom an increase in prepaid expenses and other assets, and$7.4 milliondue to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (increases in inventory levels, partially of) Tj ET Q q 0 0 0 rg BT 212.54 454.10 Td (fset by cash inflows of$77.0 millionfrom increases in accounts payable and accrued ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (expenses and$5.7 millionfrom the adjusted net increase in floorplan borrowings.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 424.10 Td (W) Tj ET Q q 0 0 0 rg BT 79.91 424.10 Td (orking Capital.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.03 424.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.97 424.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.47 424.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.06 424.10 Td (, we had working capital of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.97 424.10 Td ($102.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.86 424.10 Td (. Changes in our working capital are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (explained primarily by changes in floorplan notes payable outstanding. Borrowings on our new vehicle floorplan notes payable, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (subject to agreed upon pay-of) Tj ET Q q 0 0 0 rg BT 168.67 400.10 Td (f terms, are equal to 100% of the factory invoice of the vehicles. Borrowings on our used vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (floorplan notes payable, subject to agreed upon pay-of) Tj ET Q q 0 0 0 rg BT 267.52 388.10 Td (f terms, are limited to 80% of the aggregate book value of our used ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (vehicle inventory) Tj ET Q q 0 0 0 rg BT 119.05 376.10 Td (, except in the U.K. and Brazil. ) Tj ET Q q 0 0 0 rg BT 245.40 376.10 Td (At times, we have made payments on our floorplan notes payable using excess ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (cash flow from operations and the proceeds of debt and equity of) Tj ET Q q 0 0 0 rg BT 310.01 364.10 Td (ferings. ) Tj ET Q q 0 0 0 rg BT 342.23 364.10 Td (As needed, we re-borrow the amounts later) Tj ET Q q 0 0 0 rg BT 514.27 364.10 Td (, up to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (limits on the floorplan notes payable discussed above, for working capital, acquisitions, capital expenditures or general ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (corporate purposes.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 63.50 322.10 Td (Sources and Uses of Liquidity from Investing ) Tj ET Q q 0 0 0 rg BT 252.31 322.10 Td (Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 304.10 Td (During 2013, we used $251.7 million in adjusted net cash flow for investing activities, consisting primarily of $205.3 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (million of adjusted cash flows related to acquisitions. ) Tj ET Q q 0 0 0 rg BT 265.61 292.10 Td (W) Tj ET Q q 0 0 0 rg BT 274.25 292.10 Td (e also used $105.1 million during 2013 primarily for purchases of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (property and equipment to construct new and improve existing facilities, consisting of $38.8 million for real estate to be used ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (for existing dealership operations and $69.2 million for capital expenditures. ) Tj ET Q q 0 0 0 rg BT 358.63 268.10 Td (These cash outflows were partially of) Tj ET Q q 0 0 0 rg BT 508.67 268.10 Td (fset by $56.8 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (million in adjusted proceeds from the sale of franchises, property and equipment during 2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 238.10 Td (During2012, we used$209.0 million in adjusted net cash flow for investing activities, consisting primarily of $144.4 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (million of adjusted cash flows related to acquisitions. ) Tj ET Q q 0 0 0 rg BT 265.61 226.10 Td (W) Tj ET Q q 0 0 0 rg BT 274.25 226.10 Td (e also used$88.5 millionduring2012primarily for purchases of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (property and equipment to construct new and improve existing facilities, consisting of $26.5 million for real estate to be used ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (for existing dealership operations and $62.0 million for capital expenditures. ) Tj ET Q q 0 0 0 rg BT 358.63 202.10 Td (These cash outflows were partially of) Tj ET Q q 0 0 0 rg BT 508.67 202.10 Td (fset by$21.1 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (millionin adjusted proceeds from the sale of franchises, property and equipment during 2012, primarily related to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (disposition of one Mazda and two Nissan dealerships in the U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 160.10 Td (During201) Tj ET Q q 0 0 0 rg BT 117.46 160.10 Td (1, we used$137.2 million in adjusted net cash flow for investing activities, consisting primarily of$83.9 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (million of adjusted cash flows related to acquisitions. ) Tj ET Q q 0 0 0 rg BT 265.61 148.10 Td (W) Tj ET Q q 0 0 0 rg BT 274.25 148.10 Td (e also used$60.6 millionduring201) Tj ET Q q 0 0 0 rg BT 420.25 148.10 Td (1primarily for purchases of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (property and equipment to construct new and improve existing facilities, consisting of $26.7 million for real estate to be used ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (for existing dealership operations and $40.1 million for capital expenditures. ) Tj ET Q q 0 0 0 rg BT 358.63 124.10 Td (These cash outflows were partially of) Tj ET Q q 0 0 0 rg BT 508.67 124.10 Td (fset by$5.9 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (millionin adjusted proceeds from the sale of property and equipment during201) Tj ET Q q 0 0 0 rg BT 372.33 112.10 Td (1.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 94.10 Td (Capital Expenditur) Tj ET Q q 0 0 0 rg BT 149.07 94.10 Td (es.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.90 94.10 Td ( Our capital expenditures include costs to extend the useful lives of current facilities, as well as to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (start or expand operations. In general, expenditures relating to the construction or expansion of dealership facilities are driven ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (by dealership acquisition activity) Tj ET Q q 0 0 0 rg BT 181.82 70.10 Td (, new franchises being granted to us by a manufacturer) Tj ET Q q 0 0 0 rg BT 400.22 70.10 Td (, significant growth in sales at an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (existing facility) Tj ET Q q 0 0 0 rg BT 111.84 58.10 Td (, relocation opportunities, or manufacturer imaging programs. ) Tj ET Q q 0 0 0 rg BT 361.58 58.10 Td (W) Tj ET Q q 0 0 0 rg BT 370.22 58.10 Td (e critically evaluate all planned future capital ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 137 0 obj <>] /Rotate 0 /Contents 138 0 R>> endobj 138 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (66) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (spending, working closely with our manufacturer partners to maximize the return on our investments. ) Tj ET Q q 0 0 0 rg BT 458.60 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 467.24 742.10 Td (e forecast our capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (expenditures for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.75 730.10 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.75 730.10 Td ( to be no more than $95.0million, which could generally be funded from excess cash.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 712.10 Td (Acquisitions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.44 712.10 Td ( In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.77 712.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.77 712.10 Td (, we acquired 38 franchises with expected annual revenues, estimated at the time of acquisition, of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td ($1,317.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.39 700.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 682.10 Td (In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.33 682.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.33 682.10 Td (, we acquired 16 franchises with expected annual revenues, estimated at the time of acquisition, of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.02 682.10 Td ($715.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.92 682.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 664.10 Td (In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.33 664.10 Td (201) Tj ET Q q 0 0 0 rg BT 97.96 664.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.96 664.10 Td (, we acquired 14 franchises and were awarded three franchises with total expected annual revenues of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td ($563.0million, estimated at the time of acquisition. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 634.10 Td (e purchase businesses based on expected return on investment. In general, the purchase price, excluding real estate and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (floorplan liabilities, is approximately 15% to 20% of the annual revenue. Cash needed to complete our acquisitions came from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (excess working capital, operating cash flows of our dealerships and borrowings under our floorplan facilities, Real Estate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Credit Facility) Tj ET Q q 0 0 0 rg BT 107.40 598.10 Td (, term loans and our ) Tj ET Q q 0 0 0 rg BT 189.05 598.10 Td (Acquisition Line. ) Tj ET Q q 0 0 0 rg BT 261.36 598.10 Td (The acquisition of UAB Motors was primarily funded by the issuance of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (common stock.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 568.10 Td (Dispositions. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.51 568.10 Td (In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.34 568.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.34 568.10 Td (, we sold ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.67 568.10 Td (six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.34 568.10 Td ( dealerships and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.26 568.10 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.70 568.10 Td ( franchise in the U.S. with estimated annual revenues of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (approximately $318.9 million. Gross consideration received for these dispositions was $) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.27 556.10 Td (97.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.16 556.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 538.10 Td (During 2012, the Company terminated two franchises and sold ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.34 538.10 Td (three) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.32 538.10 Td ( dealerships in the U.S. ) Tj ET Q q 0 0 0 rg BT 441.41 538.10 Td (The company also closed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.26 538.10 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.70 538.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (dealership in the U.K. Gross consideration received for these dispositions was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.65 526.10 Td ($33.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.54 526.10 Td (. ) Tj ET Q q 0 0 0 rg BT 423.36 526.10 Td (T) Tj ET Q q 0 0 0 rg BT 428.77 526.10 Td (otal estimated annual revenues ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (for all were $127.9 million.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 496.10 Td (Sources and Uses of Liquidity from Financing ) Tj ET Q q 0 0 0 rg BT 255.82 496.10 Td (Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.59 496.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 478.10 Td (During 2013, we generated $66.4 million in adjusted net cash flow from financing activities, primarily related to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (borrowings of $85.3 million of real estate and other debt, $60.0 million cash inflow related to borrowings on the ) Tj ET Q q 0 0 0 rg BT 501.02 466.10 Td (Acquisition ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Line, and $56.1 million from a decrease in our floorplan of) Tj ET Q q 0 0 0 rg BT 285.86 454.10 Td (fset account. ) Tj ET Q q 0 0 0 rg BT 338.71 454.10 Td (These cash inflows were partially of) Tj ET Q q 0 0 0 rg BT 483.75 454.10 Td (fset by cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (outflows of $3.6 million used to repurchase 55,655 shares of our common stock during the fourth quarter of 2013, $15.8 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (million used for dividend payments, and $1) Tj ET Q q 0 0 0 rg BT 223.77 430.10 Td (16.7 million used for principal payments of real estate and other debt.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 412.10 Td (During2012, we generated$40.8 millionin adjusted net cash flow from financing activities, primarily related ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (toborrowings of$89.0 millionof real estate and other debt. ) Tj ET Q q 0 0 0 rg BT 291.15 400.10 Td (These cash inflows were partially of) Tj ET Q q 0 0 0 rg BT 436.20 400.10 Td (fset bycash outflows of $1) Tj ET Q q 0 0 0 rg BT 543.86 400.10 Td (1.3 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (millionused to repurchase shares of our common stock during the second and third quarters of 2012,$13.4 millionused for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (dividend payments, $20.0 millionused for principal payments of real estate and other long-term debt and $3.1 million from a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (net decrease in our floorplan of) Tj ET Q q 0 0 0 rg BT 175.04 364.10 Td (fset account.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 346.10 Td (During201) Tj ET Q q 0 0 0 rg BT 117.46 346.10 Td (1, we used$19.9 millionin adjusted net cash flow for financing activities, primarily related to$50.8 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (millionused to repurchase shares of our common stock during the second and third quarter of 201) Tj ET Q q 0 0 0 rg BT 441.75 334.10 Td (1,$1) Tj ET Q q 0 0 0 rg BT 461.38 334.10 Td (1.2 millionused for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (dividend payments, and$1) Tj ET Q q 0 0 0 rg BT 157.39 322.10 Td (1.1 millionused for principal payments of real estate and other debt. ) Tj ET Q q 0 0 0 rg BT 433.24 322.10 Td (These cash outflows were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (partially of) Tj ET Q q 0 0 0 rg BT 93.97 310.10 Td (fset by a net cash inflow of $20.0 million due to a decrease in our floorplan of) Tj ET Q q 0 0 0 rg BT 405.64 310.10 Td (fset account and borrowingsof $32.7 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (millionrelated to real estate and other debt.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 274.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 84.19 274.10 Td (edit Facilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.95 274.10 Td ( Our various credit facilities are used to finance the purchase of inventory and real estate, provide ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (acquisition funding and provide working capital for general corporate purposes. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 244.10 Td (Revolving Cr) Tj ET Q q 0 0 0 rg BT 126.67 244.10 Td (edit Facility) Tj ET Q q 0 0 0 rg BT 174.71 244.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.21 244.10 Td ( On June 20, 2013 we amended our Revolving Credit Facility principally to increase the total ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (borrowing capacity from $1.35 billion to $1.7 billion and to extend the term from an expiration date of June 1, 2016 to June 20, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 74.82 220.10 Td (The Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 194.43 220.10 Td (, which is comprised of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.52 220.10 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.52 220.10 Td ( financial institutions, including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.23 220.10 Td (six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.90 220.10 Td ( manufacturer) Tj ET Q q 0 0 0 rg BT 497.50 220.10 Td (-af) Tj ET Q q 0 0 0 rg BT 508.42 220.10 Td (filiated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (finance companies, consists of two tranches, providing a maximum of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.71 208.10 Td ($1.6 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.82 208.10 Td ( for U.S. vehicle inventory floorplan ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (financing, as well as a maximum of $320.0 million and a minimum of $100.0 million for working capital and general corporate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (purposes, including acquisitions. ) Tj ET Q q 0 0 0 rg BT 183.42 184.10 Td (The capacity under these two tranches can be re-designated within the overall ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.62 184.10 Td ($1.7 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.73 184.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (commitment, subject to the aforementioned limits. Up to $125.0 million of the ) Tj ET Q q 0 0 0 rg BT 365.79 172.10 Td (Acquisition Line can be borrowed in either ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (euros or pound sterling. ) Tj ET Q q 0 0 0 rg BT 147.30 160.10 Td (The Revolving Credit Facility can be expanded to a maximum commitment of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.34 160.10 Td ($1.95 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.45 160.10 Td (, subject to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (participating lender approval. ) Tj ET Q q 0 0 0 rg BT 170.33 148.10 Td (The Floorplan Line bears interest at rates equal to the one-month LIBOR plus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.86 148.10 Td (125) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.86 148.10 Td (basis points ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (for new vehicle inventory and the one-month LIBOR plus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.67 136.10 Td (150) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.67 136.10 Td (basis points for used vehicle inventory) Tj ET Q q 0 0 0 rg BT 455.65 136.10 Td (. ) Tj ET Q q 0 0 0 rg BT 460.47 136.10 Td (The ) Tj ET Q q 0 0 0 rg BT 477.97 136.10 Td (Acquisition Line ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (bears interest at the one-month LIBOR plus 150 basis points plus a mar) Tj ET Q q 0 0 0 rg BT 335.88 124.10 Td (gin that ranges from zero to 100 basis points for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (borrowings in U.S. dollars and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.27 112.10 Td (150) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.27 112.10 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.05 112.10 Td (250) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.05 112.10 Td (basis points on borrowings in euros or pound sterling, depending on our total ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (adjusted leverage ratio. ) Tj ET Q q 0 0 0 rg BT 145.33 100.10 Td (The Floorplan Line also requires a commitment fee of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.43 100.10 Td (0.20%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.26 100.10 Td (per annum on the unused portion. ) Tj ET Q q 0 0 0 rg BT 529.50 100.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (Acquisition Line also requires a commitment fee ranging from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.98 88.10 Td (0.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.81 88.10 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.59 88.10 Td (0.45%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.42 88.10 Td (per annum, depending on our total adjusted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (leverage ratio, based on a minimum commitment of $100.0million less outstanding borrowings.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 58.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.44 58.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.03 58.10 Td (, after considering outstanding balances, we had ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.69 58.10 Td ($31) Tj ET Q q 0 0 0 rg BT 386.31 58.10 Td (1.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.21 58.10 Td ( of available floorplan ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (borrowing capacity under the Floorplan Line. Included in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.15 46.10 Td ($31) Tj ET Q q 0 0 0 rg BT 311.78 46.10 Td (1.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.67 46.10 Td ( available borrowings under the Floorplan Line ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 139 0 obj <>] /Rotate 0 /Contents 140 0 R>> endobj 140 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (67) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.05 742.10 Td ($56.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.94 742.10 Td ( of immediately available funds. ) Tj ET Q q 0 0 0 rg BT 253.39 742.10 Td (The weighted average interest rate on the Floorplan Line was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.07 742.10 Td (1.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.90 742.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (1.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.83 730.10 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 94.99 730.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.57 730.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.01 730.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.01 730.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 265.67 730.10 Td (, excluding the impact of our interest rate swaps. ) Tj ET Q q 0 0 0 rg BT 462.01 730.10 Td (After considering ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.76 730.10 Td ($60.0 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 718.10 Td ( in borrowings outstanding as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.55 718.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.13 718.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.13 718.10 Td ($32.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.02 718.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.46 718.10 Td ($29.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.35 718.10 Td ( of outstanding letters of credit as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.83 706.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.41 706.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.85 706.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.85 706.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 231.51 706.10 Td (, and other factors included in our available borrowing base calculation, there was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td ($228.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.89 694.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.33 694.10 Td ($220.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.22 694.10 Td ( of available borrowing capacity under the ) Tj ET Q q 0 0 0 rg BT 358.54 694.10 Td (Acquisition Line as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.20 694.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.78 694.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 682.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 122.66 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 127.48 682.10 Td (The amount of available borrowing capacity under the ) Tj ET Q q 0 0 0 rg BT 346.85 682.10 Td (Acquisition Line may be limited from time to time ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (based upon certain debt covenants.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 652.10 Td (All of our U.S. dealership-owning subsidiaries are co-borrowers under the Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 474.93 652.10 Td (. Our obligations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (under the Revolving Credit Facility are secured by essentially all of our domestic personal property \(other than equity interests ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (in dealership-owning subsidiaries\), including all motor vehicle inventory and proceeds from the disposition of dealership-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (owning subsidiaries. ) Tj ET Q q 0 0 0 rg BT 134.54 616.10 Td (The Revolving Credit Facility contains a number of significant covenants that, among other things, restrict ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (our ability to make disbursements outside of the ordinary course of business, dispose of assets, incur additional indebtedness, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (create liens on assets, make investments and engage in mer) Tj ET Q q 0 0 0 rg BT 286.41 592.10 Td (gers or consolidations. ) Tj ET Q q 0 0 0 rg BT 378.99 592.10 Td (W) Tj ET Q q 0 0 0 rg BT 387.63 592.10 Td (e are also required to comply with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (specified financial tests and ratios defined in the Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 347.05 580.10 Td (, such as fixed char) Tj ET Q q 0 0 0 rg BT 423.78 580.10 Td (ge coverage, total adjusted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (leverage, and senior secured adjusted leverage. Further) Tj ET Q q 0 0 0 rg BT 269.50 568.10 Td (, the Revolving Credit Facility restricts our ability to make certain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (payments, such as dividends or other distributions of assets, properties, cash, rights, obligations or securities \(Restricted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (Payments\). ) Tj ET Q q 0 0 0 rg BT 101.47 544.10 Td (The Restricted Payments are limited to the sum of $125.0 million plus \(or minus if negative\) \(a\) one-half of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (aggregate consolidated net income for the period beginning on January 1, 2013 and ending on the date of determination and \(b\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (the amount of net cash proceeds received from the sale of capital stock on or after January 1, 2013 and ending on the date of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (determination less \(c\) cash dividends and share repurchases. For purposes of the calculation of the Restricted Payment Basket ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (calculation, net income represents such amounts per our consolidated financial statements, adjusted to exclude our foreign ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (operations, non-cash interest expense, non-cash asset impairment char) Tj ET Q q 0 0 0 rg BT 330.56 484.10 Td (ges, and non-cash stock-based compensation. ) Tj ET Q q 0 0 0 rg BT 514.12 484.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 472.10 Td (, the Restricted Payment Basket totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.27 472.10 Td ($164.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.16 472.10 Td (. ) Tj ET Q q 0 0 0 rg BT 351.61 472.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.05 472.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.63 472.10 Td (, we were in compliance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (with all our financial covenants, including:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 221.62 460.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 415.60 353.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 415.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 415.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 387.60 353.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 387.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 387.60 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 429.6 m 482.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 429.6 m 562.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 415.6 m 482.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 415.6 m 562.5 415.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 433.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.45 433.83 Td (AsofDecember31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 419.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.55 419.83 Td (Required) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 510.65 419.83 Td (Actual) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 406.17 Td (Senior Secured Adjusted Leverage Ratio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.65 406.17 Td (<3.75) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.25 406.17 Td (2.12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 392.17 Td (Total Adjusted Leverage Ratio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.65 392.17 Td (<5.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.25 392.17 Td (3.21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 378.17 Td (Fixed Charge Coverage Ratio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.65 378.17 Td (>1.35) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.25 378.17 Td (2.19) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 356.10 Td (Based upon our current five year operating and financial projections, we believe that we will remain compliant with such ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (covenants in the future. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 326.10 Td (For) Tj ET Q q 0 0 0 rg BT 88.63 326.10 Td (d Motor Cr) Tj ET Q q 0 0 0 rg BT 133.82 326.10 Td (edit Company Facility) Tj ET Q q 0 0 0 rg BT 222.69 326.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.19 326.10 Td ( Our FMCC Facility provides for the financing of, and is collateralized by) Tj ET Q q 0 0 0 rg BT 520.31 326.10 Td (, our U.S. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 314.10 Td (Ford new vehicle inventory) Tj ET Q q 0 0 0 rg BT 159.60 314.10 Td (, including af) Tj ET Q q 0 0 0 rg BT 212.46 314.10 Td (filiated brands. ) Tj ET Q q 0 0 0 rg BT 274.76 314.10 Td (This arrangement provides for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.61 314.10 Td ($200.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.50 314.10 Td ( of floorplan financing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (and is an ever) Tj ET Q q 0 0 0 rg BT 105.07 302.10 Td (green arrangement that may be canceled with 30days notice by either party) Tj ET Q q 0 0 0 rg BT 407.08 302.10 Td (. ) Tj ET Q q 0 0 0 rg BT 411.52 302.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.97 302.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.55 302.10 Td (, we had an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (outstanding balance of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.03 290.10 Td ($191.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.92 290.10 Td ( under the FMCC Facility) Tj ET Q q 0 0 0 rg BT 304.60 290.10 Td (, with an available floorplan borrowing capacity of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.36 290.10 Td ($9.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.25 290.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (During the fourth quarter of 2013, the Prime rate floor of 3.5% was eliminated, thus this facility bears interest at a rate of Prime ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (plus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.17 266.10 Td (150) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.17 266.10 Td (basis points minus certain incentives. ) Tj ET Q q 0 0 0 rg BT 237.76 266.10 Td (As of December31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.79 266.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.79 266.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.22 266.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.22 266.10 Td (, the interest rate on the FMCC Facility was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (4.75%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.83 254.10 Td ( and 5.25%, respectively) Tj ET Q q 0 0 0 rg BT 173.76 254.10 Td (, before considering the applicable incentives.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 357.30 254.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 236.10 Td (Other Cr) Tj ET Q q 0 0 0 rg BT 110.02 236.10 Td (edit Facilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.78 236.10 Td ( ) Tj ET Q q 0 0 0 rg BT 170.10 236.10 Td (W) Tj ET Q q 0 0 0 rg BT 178.74 236.10 Td (e have credit facilities with BMW) Tj ET Q q 0 0 0 rg BT 314.35 236.10 Td ( Financial Services, ) Tj ET Q q 0 0 0 rg BT 395.25 236.10 Td (V) Tj ET Q q 0 0 0 rg BT 401.19 236.10 Td (olkswagen Finance and FMCC for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 224.10 Td (financing of new) Tj ET Q q 0 0 0 rg BT 117.10 224.10 Td (, used and rental vehicle inventories related to our U.K. operations. ) Tj ET Q q 0 0 0 rg BT 387.67 224.10 Td (These facilities are denominated in pound ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 212.10 Td (sterling and are ever) Tj ET Q q 0 0 0 rg BT 131.17 212.10 Td (green arrangements that may be canceled with notice by either party and bears interest of a base rate, plus a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td (surchar) Tj ET Q q 0 0 0 rg BT 79.25 200.10 Td (ge that varies based upon the type of vehicle being financed. Dependent upon the type of inventory financed, the interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (rates char) Tj ET Q q 0 0 0 rg BT 88.40 188.10 Td (ged on borrowings outstanding under these facilities ranged from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.95 188.10 Td (1.09%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.78 188.10 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.56 188.10 Td (3.95%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.39 188.10 Td (, as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.05 188.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.63 188.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.00 170.10 Td (W) Tj ET Q q 0 0 0 rg BT 86.64 170.10 Td (e have credit facilities with financial institutions in Brazil, most of which are af) Tj ET Q q 0 0 0 rg BT 403.58 170.10 Td (filiated with the manufacturers, for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (financing of new) Tj ET Q q 0 0 0 rg BT 117.10 158.10 Td (, used and rental vehicle inventories related to our operations in Brazil. ) Tj ET Q q 0 0 0 rg BT 402.94 158.10 Td (These facilities are denominated in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td (Brazilian real and have renewal terms ranging from one month to twelve months. ) Tj ET Q q 0 0 0 rg BT 377.50 146.10 Td (They may be canceled with notice by either ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 134.10 Td (party and bear interest at a benchmark rate, plus a surchar) Tj ET Q q 0 0 0 rg BT 280.55 134.10 Td (ge that varies based upon the type of vehicle being financed. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (Dependent upon the type of inventory financed, the interest rates char) Tj ET Q q 0 0 0 rg BT 328.88 122.10 Td (ged on borrowings outstanding under these facilities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (ranged from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.65 110.10 Td (14.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.48 110.10 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.25 110.10 Td (18.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.08 110.10 Td ( as of December 31, 2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 92.10 Td (Excluding rental vehicles financed through the Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 364.94 92.10 Td (, financing for U.S. rental vehicles is typically ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td (obtained directly from the automobile manufacturers. ) Tj ET Q q 0 0 0 rg BT 266.13 80.10 Td (These financing arrangements generally require small monthly payments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td (and mature in varying amounts over the next two years. ) Tj ET Q q 0 0 0 rg BT 274.66 68.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.11 68.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.69 68.10 Td (, the interest rate char) Tj ET Q q 0 0 0 rg BT 463.85 68.10 Td (ged on borrowings ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 56.10 Td (related to our rental vehicle fleet varied up to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.97 56.10 Td (4.75%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.80 56.10 Td (. Rental vehicles are typically transferred to used vehicle inventory when ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 141 0 obj <>] /Rotate 0 /Contents 142 0 R>> endobj 142 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (68) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (they are removed from rental service and repayment of the borrowing is required at that time. ) Tj ET Q q 0 0 0 rg BT 426.06 742.10 Td (The following table summarizes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the position of our U.S. credit facilities as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.24 730.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.82 730.10 Td (:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.60 730.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 662.60 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 662.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 662.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 662.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 662.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 662.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 662.60 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 634.60 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 634.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 634.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 634.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 634.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 634.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 634.60 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 606.60 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 606.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 606.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 606.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 606.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 606.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 606.60 81.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 699.6 m 393.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 699.6 m 397.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 699.6 m 477.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 699.6 m 481.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 699.6 m 562.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 676.6 m 393.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 676.6 m 477.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 676.6 m 562.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 634.6 m 393.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 634.6 m 477.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 634.6 m 562.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 634.6 m 477.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 634.6 m 562.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 606.6 m 393.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 606.6 m 477.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 606.6 m 562.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 593.6 m 393.5 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 591.6 m 393.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 593.6 m 477.5 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 591.6 m 477.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 606.6 m 562.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 593.6 m 562.5 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 591.6 m 562.5 591.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 703.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.45 703.83 Td (As of December31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 680.83 Td (U.S. Credit Facilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.25 688.83 Td (T) Tj ET Q q 0 0 0 rg BT 348.85 688.83 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 330.30 680.83 Td (Commitment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.65 680.83 Td (Outstanding) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.55 680.83 Td (Available) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 666.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 412.70 666.83 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 653.17 Td (Floorplan Line) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 112.71 657.70 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.00 653.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.65 653.17 Td (1,380,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.00 653.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.65 653.17 Td (1,068,832) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.00 653.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 653.17 Td (311,168) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 639.17 Td (Acquisition Line) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 120.49 643.70 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.07 639.17 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.15 639.17 Td (320,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.15 639.17 Td (91,960) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 639.17 Td (228,040) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 625.17 Td (Total Revolving Credit Facility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.65 625.17 Td (1,700,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.65 625.17 Td (1,160,792) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 625.17 Td (539,208) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 611.17 Td (FMCC Facility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.15 611.17 Td (200,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.15 611.17 Td (190,954) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 611.17 Td (9,046) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 597.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 597.17 Td (otal U.S. Credit Facilities) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 160.34 601.70 Td (\(3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.92 597.17 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.00 597.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.65 597.17 Td (1,900,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.00 597.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.65 597.17 Td (1,351,746) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.00 597.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 597.17 Td (548,254) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.20 577.50 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.20 577.50 Td (The available balance as of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 159.26 577.50 Td (December31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.13 577.50 Td ( includes ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 252.79 577.50 Td ($56.2 million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.90 577.50 Td ( of immediately available funds.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.20 561.90 Td (\(2\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.20 561.90 Td (The outstanding balance of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 159.06 561.90 Td ($92.0 million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 202.17 561.90 Td ( is related to outstanding letters of credit of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.91 561.90 Td ($32.0 million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.02 561.90 Td ( and $60.0 million in borrowings as of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.68 561.90 Td (December31, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.20 552.30 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.20 552.30 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.20 536.70 Td (\(3\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.20 536.70 Td (The outstanding balance excludes ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 180.38 536.70 Td ($173.7 million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.50 536.70 Td ( of borrowings with manufacturer) Tj ET Q q 0 0 0 rg BT 335.31 536.70 Td (-af) Tj ET Q q 0 0 0 rg BT 344.04 536.70 Td (filiates and third-party financial institutions for foreign and rental ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.20 527.10 Td (vehicle financing not associated with any of our U.S. credit facilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 509.10 Td (For a more detailed discussion of our credit facilities existing as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.38 509.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.96 509.10 Td (, please see Note1) Tj ET Q q 0 0 0 rg BT 496.28 509.10 Td (1 to our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 497.10 Td (Consolidated Financial Statements, Credit Facilities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 479.10 Td (3.00% Notes. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.11 479.10 Td (In March 2010, we issued $100.0 million aggregate principal amount of 3.00% Notes at par in a private ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 467.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 467.10 Td (fering to qualified institutional buyers pursuant to Rule 144A) Tj ET Q q 0 0 0 rg BT 302.56 467.10 Td ( under the Securities ) Tj ET Q q 0 0 0 rg BT 386.43 467.10 Td (Act. On ) Tj ET Q q 0 0 0 rg BT 420.03 467.10 Td (April1, 2010, the underwriters of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (the 3.00% Notes exercised their full over) Tj ET Q q 0 0 0 rg BT 213.91 455.10 Td (-allotment option, and we issued an additional $15.0 million aggregate principal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (amount of 3.00% Notes. ) Tj ET Q q 0 0 0 rg BT 149.80 443.10 Td (The 3.00% Notes bear interest at a rate of 3.00%per annum until maturity) Tj ET Q q 0 0 0 rg BT 446.01 443.10 Td (. Interest is payable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (semiannually) Tj ET Q q 0 0 0 rg BT 102.67 431.10 Td (, in arrears, in cash on March15 and September15 of each year) Tj ET Q q 0 0 0 rg BT 357.29 431.10 Td (. If and when the 3.00% Notes are converted, we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 419.10 Td (will pay cash for the principal amount of each Note and, if applicable, shares of common stock based on a daily conversion ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 407.10 Td (value calculated on a proportionate basis for each volume weighted average price \(VW) Tj ET Q q 0 0 0 rg BT 401.51 407.10 Td (AP\) trading day \(as defined in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (indenture governing the 3.00% Notes \(3.00% Notes Indenture\)\) in the relevant 25 ) Tj ET Q q 0 0 0 rg BT 388.05 395.10 Td (VW) Tj ET Q q 0 0 0 rg BT 403.60 395.10 Td (AP) Tj ET Q q 0 0 0 rg BT 416.01 395.10 Td ( trading day observation period. In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 383.10 Td (general, as described more fully in the indenture, converting holders will receive, in respect of each $1,000 principal amount of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (notes being converted, the conversion value in cash up to $1,000 and the excess, if any) Tj ET Q q 0 0 0 rg BT 396.47 371.10 Td (, of the conversion value over $1,000 in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 359.10 Td (shares of our common stock. ) Tj ET Q q 0 0 0 rg BT 167.57 359.10 Td (The 3.00% Notes mature on March15, 2020, unless earlier repurchased or converted in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (accordance with their terms prior to such date.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 329.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 329.10 Td (e may not redeem the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.21 329.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.04 329.10 Td ( Notes prior to the maturity date. Holders of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.05 329.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.88 329.10 Td ( Notes may require us to repurchase ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 317.10 Td (all or a portion of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.20 317.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.03 317.10 Td ( Notes on or after September15, 2019. If we experience specified types of fundamental changes, as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (defined in the 3.00% Notes Indenture, holders of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.72 305.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.55 305.10 Td ( Notes may require us to repurchase the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.61 305.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.44 305.10 Td ( Notes. ) Tj ET Q q 0 0 0 rg BT 490.72 305.10 Td (Any repurchase ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 293.10 Td (of the 3.00% Notes pursuant to this provision will be for cash at a price equal to 100% of the principal amount of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.61 293.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.44 293.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 281.10 Td (Notes to be repurchased plus any accrued and unpaid interest to, but excluding, the purchase date.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 263.10 Td (The holders of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.53 263.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.36 263.10 Td ( Notes could convert their notes in connection with a change in control, or in the event that our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 251.10 Td (common stock ceases to be listed, as defined in the 3.00% Notes Indenture, and may be entitled to a make-whole premium in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 239.10 Td (the form of an increase in the conversion rate. ) Tj ET Q q 0 0 0 rg BT 235.48 239.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 285.39 239.10 Td (, if one of these events were to occur) Tj ET Q q 0 0 0 rg BT 431.87 239.10 Td (, the holders of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.07 239.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.90 239.10 Td ( Notes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 227.10 Td (may require us to repurchase all or a portion of their notes at a purchase price equal to 100% of the principal amount of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 215.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.83 215.10 Td ( Notes, plus accrued and unpaid interest, if any) Tj ET Q q 0 0 0 rg BT 262.90 215.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 197.10 Td (The initial conversion rate for the 3.00% Notes was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.83 197.10 Td (25.899) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.33 197.10 Td ( shares of common stock per $1,000 principal amount of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (3.00% Notes, which was equivalent to an initial conversion price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.54 185.10 Td ($38.61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.04 185.10 Td ( per share. ) Tj ET Q q 0 0 0 rg BT 394.36 185.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.80 185.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.38 185.10 Td (, the conversion ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (rate was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.54 173.10 Td (26.809) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.04 173.10 Td ( shares of common stock per $1,000 principal amount of 3.00% Notes, equivalent to a per share stock price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td ($37.30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.50 161.10 Td (, which was adjusted as the result of our decision to pay cash dividends in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.21 161.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.21 161.10 Td (. If any cash dividend or distribution is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 149.10 Td (made to all, or substantially all, holders of our common stock in the future, the conversion rate will be further adjusted based on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (the formula defined in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.35 137.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.18 137.10 Td ( Notes Indenture.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 119.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.05 119.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.88 119.10 Td ( Notes are convertible into cash and, if applicable, common stock based on the then-applicable conversion rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 107.10 Td (under the following circumstances: \(1\)during any fiscal quarter \(and only during such fiscal quarter\), if the last reported sale ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 95.10 Td (price of our common stock for at least 20 trading days in the period of 30 consecutive trading days ending on the last trading ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (day of the immediately preceding fiscal quarter is equal to or more than 130% of the applicable conversion price per share \(or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 71.10 Td ($48.49) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.50 71.10 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.66 71.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.24 71.10 Td (\) \("3.00% Stock Price ) Tj ET Q q 0 0 0 rg BT 269.96 71.10 Td (T) Tj ET Q q 0 0 0 rg BT 275.72 71.10 Td (rigger"\); \(2\)during the five business day period after any ten ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 59.10 Td (consecutive trading day period in which the trading price per $1,000 principal amount of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.39 59.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.22 59.10 Td ( Notes for each day of the ten ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 47.10 Td (day trading period was less than 98% of the product of the last reported sale price of our common stock and the conversion rate ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 143 0 obj <>] /Rotate 0 /Contents 144 0 R>> endobj 144 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (69) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.55 742.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.38 742.10 Td ( Notes on that day; and \(3\)upon the occurrence of specified corporate transactions set forth in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.57 742.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.40 742.10 Td ( Notes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Indenture. Upon conversion, a holder will receive an amount in cash and, if applicable, shares of our common stock, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (determined in the manner set forth in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.50 718.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.33 718.10 Td ( Notes Indenture. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 700.10 Td (As a result of the 3.00% Stock Price ) Tj ET Q q 0 0 0 rg BT 221.29 700.10 Td (T) Tj ET Q q 0 0 0 rg BT 227.05 700.10 Td (rigger as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.08 700.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.67 700.10 Td (, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.38 700.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.21 700.10 Td ( Notes are convertible at the option of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (the holders during the three months ending March 31, 2014. ) Tj ET Q q 0 0 0 rg BT 292.18 688.10 Td (As such, we reclassified the redeemable equity portion of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.83 676.10 Td ( Notes to temporary equity from the additional paid-in capital component of permanent equity on the Consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (Balance Sheet as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.08 664.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.66 664.10 Td (. ) Tj ET Q q 0 0 0 rg BT 214.48 664.10 Td (The combination of the debt portion and temporary equity portion represents the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (aggregate principal obligation of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.00 652.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.83 652.10 Td ( Notes redeemable at the option of the holders as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.38 652.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.96 652.10 Td (. Based on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (our intent and ability to refinance any conversion with existing capacity under other long-term debt arrangements, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (aggregate principal obligation of the 3.00% Notes was classified outside of current liabilities in our Consolidated Balance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (Sheet. ) Tj ET Q q 0 0 0 rg BT 77.04 616.10 Td (The if-converted value of the 3.00% Notes exceeded the principal amount of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.80 616.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.63 616.10 Td ( Notes by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.46 616.10 Td ($104.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.35 616.10 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 604.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 586.10 Td ( Debt issue costs and underwriters) Tj ET Q q 0 0 0 rg BT 213.50 586.10 Td ( fees relative to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.08 586.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.91 586.10 Td ( Notes totaled $4.0 million, a portion of which was recorded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (in Other ) Tj ET Q q 0 0 0 rg BT 85.00 574.10 Td (Assets in the Consolidated Balance Sheet, and are being amortized over a period of ten years, using the ef) Tj ET Q q 0 0 0 rg BT 508.01 574.10 Td (fective ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (interest method. ) Tj ET Q q 0 0 0 rg BT 116.75 562.10 Td (The remainder was recognized as a reduction of ) Tj ET Q q 0 0 0 rg BT 310.55 562.10 Td (Additional Paid-In Capital in the Consolidated Balance Sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 544.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.05 544.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.88 544.10 Td ( Notes rank equal in right of payment to all of our other existing and future senior indebtedness. ) Tj ET Q q 0 0 0 rg BT 503.43 544.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.48 544.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.31 544.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (Notes are not guaranteed by any of our subsidiaries and, accordingly) Tj ET Q q 0 0 0 rg BT 323.98 532.10 Td (, are structurally subordinated to all of the indebtedness ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (and other liabilities of our subsidiaries. ) Tj ET Q q 0 0 0 rg BT 208.40 520.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.45 520.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.28 520.10 Td ( Notes will also be ef) Tj ET Q q 0 0 0 rg BT 336.80 520.10 Td (fectively subordinated to all of our secured ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (indebtedness. For a more detailed discussion of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.90 508.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.73 508.10 Td ( Notes, see Note 12 to our Consolidated Financial Statements, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (Long-T) Tj ET Q q 0 0 0 rg BT 84.29 496.10 Td (erm Debt.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 478.10 Td (2.25%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 99.83 478.10 Td (Notes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.61 478.10 Td ( On June26, 2006, we issued $287.5million aggregate principal amount of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.16 478.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.99 478.10 Td ( Notes at par in a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (private of) Tj ET Q q 0 0 0 rg BT 88.41 466.10 Td (fering to qualified institutional buyers under Rule144A) Tj ET Q q 0 0 0 rg BT 310.87 466.10 Td ( under the Securities ) Tj ET Q q 0 0 0 rg BT 394.74 466.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 414.00 466.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.05 466.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.88 466.10 Td (Notes bear interest at a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.32 454.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.15 454.10 Td (per year until June15, 2016, and at a rate of 2.00%per year thereafter) Tj ET Q q 0 0 0 rg BT 386.25 454.10 Td (. Interest on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.95 454.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.78 454.10 Td (Notes is payable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (semiannually) Tj ET Q q 0 0 0 rg BT 102.67 442.10 Td (, in arrears, in cash on June15 and December15 of each year) Tj ET Q q 0 0 0 rg BT 347.85 442.10 Td (. ) Tj ET Q q 0 0 0 rg BT 352.67 442.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.71 442.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.54 442.10 Td (Notes mature on June15, 2036, unless ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (earlier converted, redeemed or repurchased. ) Tj ET Q q 0 0 0 rg BT 227.77 430.10 Td (T) Tj ET Q q 0 0 0 rg BT 233.18 430.10 Td (o date, we have redeemed $104.7 million par value of outstanding 2.25% Notes. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 412.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 412.10 Td (e may redeem all or part of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.14 412.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.97 412.10 Td (Notes if the last reported sale price of our common stock is greater than or equal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (to 130% of the conversion price then in ef) Tj ET Q q 0 0 0 rg BT 218.10 400.10 Td (fect for at least ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.29 400.10 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.29 400.10 Td ( trading days within a period of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.32 400.10 Td (30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.32 400.10 Td ( consecutive trading days ending ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (on the trading day prior to the date on which we mail the redemption notice. On or after June15, 2016, we may redeem all or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (part of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.59 376.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 119.42 376.10 Td (Notes at any time. ) Tj ET Q q 0 0 0 rg BT 196.63 376.10 Td (Any redemption of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.94 376.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.77 376.10 Td (Notes will be for cash at 100% of the principal amount of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.72 364.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.55 364.10 Td (Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. Holders of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.83 352.10 Td (Notes may require us to repurchase all or a portion of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.37 352.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.20 352.10 Td ( Notes on each of June15, 2016 and June15, 2026. In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (addition, if we experience specified types of fundamental changes including a change in control or the delisting of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (company's common stock, holders of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.94 328.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.77 328.10 Td ( Notes may require us to repurchase the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.82 328.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 328.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 458.93 328.10 Td (Any repurchase of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.83 316.10 Td (Notes pursuant to these provisions will be for cash at a price equal to 100% of the principal amount of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.05 316.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.88 316.10 Td (Notes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (to be repurchased plus any accrued and unpaid interest to, but excluding, the purchase date.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 286.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.05 286.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.88 286.10 Td (Notes are convertible into cash and, if applicable, common stock based on the then-applicable conversion rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (under the following circumstances: \(a\)during any calendar quarter \(and only during such calendar quarter\), if the closing price ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (of our common stock for at least ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.47 262.10 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.47 262.10 Td ( trading days in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.62 262.10 Td (30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.62 262.10 Td (consecutive trading days ending on the last trading day of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (immediately preceding calendar quarter is equal to or more than ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.78 250.10 Td (130%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.11 250.10 Td ( of the applicable conversion price per share \(or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.64 250.10 Td ($77.12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.14 250.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.66 238.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 150.24 238.10 Td (\); \(b\)during the five business day period after any ten consecutive trading day period in which the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (trading price per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.58 226.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.41 226.10 Td (Note for each day of the ten day trading period was less than 98% of the product of the closing sale ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (price of our common stock and the conversion rate of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.31 214.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.14 214.10 Td (Notes on that day; and \(c\)upon the occurrence of specified ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (corporate transactions set forth in the indenture governing the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.09 202.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.92 202.10 Td ( Notes \(the "2.25% Notes Indenture"\) In general, as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (described more fully in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.24 190.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.07 190.10 Td ( Notes Indenture, converting holders will receive, in respect of each $1,000 principal amount ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (of notes being converted, the conversion value in cash up to $1,000 and the excess, if any) Tj ET Q q 0 0 0 rg BT 407.30 178.10 Td (, of the conversion value over $1,000 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (in shares of our common stock. In addition, the holders of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.84 166.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.67 166.10 Td ( Notes who convert their notes in connection with a change ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (in control, or in the event that our common stock ceases to be listed, as defined in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.24 154.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.07 154.10 Td ( Notes Indenture, may be entitled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (to a make-whole premium in the form of an increase in the conversion rate. ) Tj ET Q q 0 0 0 rg BT 353.88 142.10 Td (The if-converted value of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.99 142.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.82 142.10 Td ( Notes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (exceeded the principal amount of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.49 130.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.32 130.10 Td ( Notes by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.15 130.10 Td ($36.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.04 130.10 Td ( as of December 31, 2013. None of the conversion features ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.66 118.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.49 118.10 Td ( Notes were triggered in 2013. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 100.10 Td (The initial conversion rate for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.62 100.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.45 100.10 Td ( Notes was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.83 100.10 Td (16.827) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.33 100.10 Td ( shares of common stock per $1,000 principal amount of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.83 88.10 Td ( Notes, which was equivalent to an initial conversion price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.54 88.10 Td ($59.43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.04 88.10 Td ( per share. ) Tj ET Q q 0 0 0 rg BT 394.36 88.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.80 88.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.38 88.10 Td (, the conversion ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (rate was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.54 76.10 Td (16.858) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.04 76.10 Td ( shares of common stock per $1,000 principal amount of 3.00% Notes, equivalent to a per share stock price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td ($59.32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.50 64.10 Td (, which was adjusted as the result of our decision to pay cash dividends in excess of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.64 64.10 Td ($0.14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.14 64.10 Td ( per share in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.79 64.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.79 64.10 Td (. If any cash ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 145 0 obj <>] /Rotate 0 /Contents 146 0 R>> endobj 146 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (dividend or distribution in excess of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.65 742.10 Td ($0.14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.15 742.10 Td ( per share is made to all, or substantially all, holders of our common stock in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (future, the conversion rate will be adjusted based on the formula defined in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.40 730.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.23 730.10 Td ( Notes Indenture.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 712.10 Td (Underwriter) Tj ET Q q 0 0 0 rg BT 123.24 712.10 Td () Tj ET Q q 0 0 0 rg BT 126.02 712.10 Td (s fees, originally recorded as a reduction of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.94 712.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.77 712.10 Td ( Notes balance, totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.35 712.10 Td ($6.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.24 712.10 Td ( and are being ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (amortized over a period of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.56 700.10 Td (ten years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.38 700.10 Td ( \(the point at which the holders can first require us to redeem the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.41 700.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.24 700.10 Td (Notes\). ) Tj ET Q q 0 0 0 rg BT 512.71 700.10 Td (The amount ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (to be amortized each period is calculated using the ef) Tj ET Q q 0 0 0 rg BT 262.23 688.10 Td (fective interest method. Debt issuance costs, originally recorded in Other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (Assets on our Consolidated Balance Sheets, totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.74 676.10 Td ($0.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.63 676.10 Td ( and are also being amortized over a period of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.67 676.10 Td (ten years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.48 676.10 Td ( using ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (the ef) Tj ET Q q 0 0 0 rg BT 72.30 664.10 Td (fective interest method. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 646.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.05 646.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.88 646.10 Td (Notes rank equal in right of payment to all of our other existing and future senior indebtedness. ) Tj ET Q q 0 0 0 rg BT 503.43 646.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.83 634.10 Td (Notes are not guaranteed by any of our subsidiaries and, accordingly) Tj ET Q q 0 0 0 rg BT 352.31 634.10 Td (, are structurally subordinated to all of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (indebtedness and other liabilities of our subsidiaries. For a more detailed discussion of these notes please see Note12 to our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Consolidated Financial Statements, Long-term Debt.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 592.10 Td (Real Estate Cr) Tj ET Q q 0 0 0 rg BT 132.51 592.10 Td (edit Facility) Tj ET Q q 0 0 0 rg BT 180.55 592.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.55 592.10 Td (The Real Estate Credit Facility provides the right to expand to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.88 592.10 Td ($99.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.77 592.10 Td ( of term loans, of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.94 580.10 Td ($74.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.83 580.10 Td ( has been used as of December 31, 2013. ) Tj ET Q q 0 0 0 rg BT 296.43 580.10 Td (The term loans can be expanded provided that \(a\)no default or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (event of default exists under the Real Estate Credit Facility) Tj ET Q q 0 0 0 rg BT 285.67 568.10 Td (, \(b\)we obtain commitments from the lenders who would qualify as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (assignees for such increased amounts, and \(c\)certain other agreed upon terms and conditions have been satisfied. ) Tj ET Q q 0 0 0 rg BT 506.05 556.10 Td (The Real ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (Estate Credit Facility is guaranteed by us and essentially all of our existing and future direct and indirect domestic subsidiaries. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (Each loan is secured by the relevant real property \(and improvements related thereto\) that is mortgaged under the Real Estate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (Credit Facility) Tj ET Q q 0 0 0 rg BT 107.40 520.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 502.10 Td (The interest rate is equal to \(a\)the per annum rate equal to one-month LIBOR plus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.78 502.10 Td (2.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.61 502.10 Td (per annum, determined on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (first day of each month, or \(b\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.74 490.10 Td (0.95%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.57 490.10 Td (per annum in excess of the higher of \(i\)the Bank of ) Tj ET Q q 0 0 0 rg BT 409.90 490.10 Td (America prime rate \(adjusted daily on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (the day specified in the public announcement of such price rate\), \(ii\)the Federal Funds Rate adjusted daily) Tj ET Q q 0 0 0 rg BT 475.88 478.10 Td (, plus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.05 478.10 Td (0.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.88 478.10 Td ( or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (\(iii\)the per annum rate equal to one-month LIBOR plus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.61 466.10 Td (1.05%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.44 466.10 Td ( per annum. ) Tj ET Q q 0 0 0 rg BT 352.25 466.10 Td (The Federal Funds Rate is the weighted average of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (brokers on such day) Tj ET Q q 0 0 0 rg BT 129.61 442.10 Td (, as published by the Federal Reserve Bank of New ) Tj ET Q q 0 0 0 rg BT 336.68 442.10 Td (Y) Tj ET Q q 0 0 0 rg BT 342.91 442.10 Td (ork on the business day succeeding such day) Tj ET Q q 0 0 0 rg BT 520.83 442.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 424.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 424.10 Td (e are required to make quarterly principal payments equal to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.43 424.10 Td (1.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.26 424.10 Td ( of the principal amount outstanding and are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (required to repay the aggregate principal amount outstanding on the maturity dates, from December29, 2015 through February ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (27, 2017. During the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.63 400.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.21 400.10 Td (, we borrowed an additional ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.62 400.10 Td ($19.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.52 400.10 Td ( and made principal payments on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (outstanding borrowings of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.05 388.10 Td ($8.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.94 388.10 Td ( from the Real Estate Credit Facility) Tj ET Q q 0 0 0 rg BT 351.25 388.10 Td (. ) Tj ET Q q 0 0 0 rg BT 355.70 388.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.14 388.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.73 388.10 Td (, borrowings outstanding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (under the Real Estate Credit Facility totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.00 376.10 Td ($67.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.89 376.10 Td (, with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.17 376.10 Td ($3.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.06 376.10 Td ( recorded as a current maturity of long-term debt in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (the accompanying Consolidated Balance Sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 346.10 Td (The Real Estate Credit Facility also contains usual and customary provisions limiting our ability to engage in certain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (transactions, including limitations on our ability to incur additional debt, additional liens, make investments, and pay ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (distributions to our stockholders. In addition, the Real Estate Credit Facility requires certain financial covenants that are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (identical to those contained in our Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 289.86 310.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 292.10 Td (Real Estate Related Debt.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.80 292.10 Td ( ) Tj ET Q q 0 0 0 rg BT 178.12 292.10 Td (W) Tj ET Q q 0 0 0 rg BT 186.76 292.10 Td (e have entered into separate term mortgage loans with four of our manufacturer) Tj ET Q q 0 0 0 rg BT 504.20 292.10 Td (-af) Tj ET Q q 0 0 0 rg BT 515.12 292.10 Td (filiated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (finance partners, ) Tj ET Q q 0 0 0 rg BT 118.95 280.10 Td (T) Tj ET Q q 0 0 0 rg BT 124.36 280.10 Td (oyota Motor Credit Corporation, Mercedes-Benz Financial Services USA, LLC, BMW) Tj ET Q q 0 0 0 rg BT 472.44 280.10 Td ( Financial Services ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (NA, LLC, FMCC and several third party financial institutions \(collectively) Tj ET Q q 0 0 0 rg BT 349.57 268.10 Td (, Real Estate Notes\). ) Tj ET Q q 0 0 0 rg BT 442.69 268.10 Td (The Real Estate Notes may ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (be expanded for borrowings related to specific buildings and/or properties and are guaranteed by us. Each loan was made in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (connection with, and is secured by mortgage liens, on the relevant real property owned by us that is mortgaged under the Real ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (Estate Notes. ) Tj ET Q q 0 0 0 rg BT 105.08 232.10 Td (The Real Estate Notes bear interest at fixed rates between ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.32 232.10 Td (3.67%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.15 232.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.58 232.10 Td (9.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.41 232.10 Td (, and at variable indexed rates plus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (between ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.82 220.10 Td (1.95%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.65 220.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.08 220.10 Td (3.35%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.91 220.10 Td (per annum. ) Tj ET Q q 0 0 0 rg BT 206.35 220.10 Td (As of December 31, 2013, the aggregate outstanding balance under these Real Estate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (Notes was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.88 208.10 Td ($274.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.77 208.10 Td (, with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.05 208.10 Td (27.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.94 208.10 Td ( classified as a current maturity of long-term debt in the accompanying ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (Consolidated Balance Sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.00 178.10 Td (W) Tj ET Q q 0 0 0 rg BT 86.64 178.10 Td (e also entered into separate term mortgage loans in the U.K. with another third-party financial institution which are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (secured by our U.K. subsidiary properties. ) Tj ET Q q 0 0 0 rg BT 221.72 166.10 Td (These mortgage loans \(collectively) Tj ET Q q 0 0 0 rg BT 361.30 166.10 Td (, Foreign Notes\) are being repaid in monthly ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (installments that began in July 1998 and mature by November 2022. ) Tj ET Q q 0 0 0 rg BT 325.51 154.10 Td (As of December31, 2013, borrowings under the Foreign ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (Notes totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.54 142.10 Td ($37.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.43 142.10 Td (, with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.71 142.10 Td ($10.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.60 142.10 Td ( classified as a current maturity of long-term debt in the accompanying ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Consolidated Balance Sheets.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 112.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 88.63 112.10 Td (chase of Convertible Note Hedge.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.87 112.10 Td ( In connection with the issuance of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.49 112.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.32 112.10 Td (Notes during 2010, we purchased ten-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (year call options on our common stock \(3.00% Purchased Options\). ) Tj ET Q q 0 0 0 rg BT 331.98 100.10 Td (The total cost of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.45 100.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.28 100.10 Td ( Purchased Options was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.60 100.10 Td ($45.9 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 88.10 Td (. ) Tj ET Q q 0 0 0 rg BT 83.71 88.10 Td (The future income-tax deductions relating to the cost of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.63 88.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.46 88.10 Td ( Purchased Options will result in a tax benefit of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (approximately $17.2million. ) Tj ET Q q 0 0 0 rg BT 168.97 76.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.02 76.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.85 76.10 Td ( Purchased Options have the economic benefit of decreasing the dilutive ef) Tj ET Q q 0 0 0 rg BT 512.29 76.10 Td (fect of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.83 64.10 Td ( Notes. Under the terms of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.13 64.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.96 64.10 Td ( Purchased Options, which become exercisable upon conversion of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.83 52.10 Td (Notes, we have the right to receive a total of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.98 52.10 Td (3.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.88 52.10 Td ( shares of our common stock at the conversion price then in ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 147 0 obj <>] /Rotate 0 /Contents 148 0 R>> endobj 148 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (71) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 742.10 Td (fect. ) Tj ET Q q 0 0 0 rg BT 77.39 742.10 Td (The exercise price is subject to certain adjustments that mirror the adjustments to the conversion price of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.36 742.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.19 742.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Notes \(including payment of cash dividends\). ) Tj ET Q q 0 0 0 rg BT 234.13 730.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.57 730.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.16 730.10 Td (, the conversion price was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.79 730.10 Td ($37.30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.29 730.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 712.10 Td (In addition to the purchase of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.68 712.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.51 712.10 Td ( Purchased Options, we sold warrants in separate transactions \(3.00% ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 700.10 Td (arrants\). ) Tj ET Q q 0 0 0 rg BT 98.43 700.10 Td (These ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.81 700.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 150.64 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.96 700.10 Td (W) Tj ET Q q 0 0 0 rg BT 161.60 700.10 Td (arrants have a ten-year term and enable the holders to acquire shares of our common stock from us. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.05 688.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.88 688.10 Td ( ) Tj ET Q q 0 0 0 rg BT 96.20 688.10 Td (W) Tj ET Q q 0 0 0 rg BT 104.83 688.10 Td (arrants are exercisable for a total of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.92 688.10 Td (3.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.81 688.10 Td ( shares of our common stock at the conversion price then in ef) Tj ET Q q 0 0 0 rg BT 541.45 688.10 Td (fect. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (The exercise price is subject to adjustment for quarterly dividends, liquidation, bankruptcy) Tj ET Q q 0 0 0 rg BT 411.75 676.10 Td (, or a change in control of us and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (other conditions, including a failure by us to deliver registered securities to the purchasers upon exercise. Subject to these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (adjustments, the maximum amount of shares of our common stock that could be required to be issued under the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.79 652.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.62 652.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 640.10 Td (arrants is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.51 640.10 Td (5.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.41 640.10 Td ( shares. On exercise of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.42 640.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.25 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 277.57 640.10 Td (W) Tj ET Q q 0 0 0 rg BT 286.21 640.10 Td (arrants, we will settle the dif) Tj ET Q q 0 0 0 rg BT 399.88 640.10 Td (ference between the then market price ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (and the strike price of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.40 628.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.23 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 182.55 628.10 Td (W) Tj ET Q q 0 0 0 rg BT 191.19 628.10 Td (arrants in shares of our common stock. ) Tj ET Q q 0 0 0 rg BT 348.75 628.10 Td (The proceeds from the sale of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.08 628.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.91 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 513.23 628.10 Td (W) Tj ET Q q 0 0 0 rg BT 521.87 628.10 Td (arrants ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.93 616.10 Td ($29.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.82 616.10 Td (. ) Tj ET Q q 0 0 0 rg BT 130.27 616.10 Td (As a result of our decision to pay cash dividends in 2013, the exercise price of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.18 616.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.01 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.33 616.10 Td (W) Tj ET Q q 0 0 0 rg BT 496.96 616.10 Td (arrants was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td ($54.81) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.50 604.10 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.66 604.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.24 604.10 Td (. If any cash dividend or distribution is made to all, or substantially all, holders of our common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (stock in the future, the conversion rate will be adjusted based on the formula defined in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.00 592.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.83 592.10 Td ( Notes Indenture.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 574.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.05 574.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.88 574.10 Td ( Purchased Options and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.08 574.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.91 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 243.23 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 251.87 574.10 Td (arrant transactions were designed to increase the conversion price per share ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (of our common stock, and therefore, mitigate the potential dilution of our common stock upon conversion of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.56 562.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.39 562.10 Td ( Notes, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (if any) Tj ET Q q 0 0 0 rg BT 72.40 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 76.85 550.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.29 550.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.87 550.10 Td (, the impact of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.85 550.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.68 550.10 Td ( Purchased Options and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.89 550.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.72 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.04 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 414.67 550.10 Td (arrants increased the conversion ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (price of our common stock from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.19 538.10 Td ($37.30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.69 538.10 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.47 538.10 Td ($54.81) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 149 0 obj <>] /Rotate 0 /Contents 150 0 R>> endobj 150 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 742.10 Td (No shares of our common stock have been issued or received under the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.91 742.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.74 742.10 Td ( Purchased Options or the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.55 742.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.38 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 519.70 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 528.34 742.10 Td (arrants. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (For diluted earnings-per) Tj ET Q q 0 0 0 rg BT 146.44 730.10 Td (-share calculations, we are required to include the dilutive ef) Tj ET Q q 0 0 0 rg BT 388.38 730.10 Td (fect, if applicable, of the net shares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (issuable under the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.70 718.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 150.53 718.10 Td (Notes and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.52 718.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.35 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 238.67 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 247.30 718.10 Td (arrants as depicted in the table below under the heading Potential Dilutive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 85.55 706.10 Td (Although the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.54 706.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.37 706.10 Td ( Purchased Options have the economic benefit of decreasing the dilutive ef) Tj ET Q q 0 0 0 rg BT 465.81 706.10 Td (fect of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.83 694.10 Td (Notes, for diluted earnings-per) Tj ET Q q 0 0 0 rg BT 200.87 694.10 Td (-share calculation purposes, we cannot factor this benefit into our dilutive shares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (outstanding as their impact would be anti-dilutive. Based on the outstanding principal amount of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.37 682.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.20 682.10 Td ( Notes of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.36 682.10 Td ($1) Tj ET Q q 0 0 0 rg BT 528.98 682.10 Td (15.0 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 670.10 Td ( at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.11 670.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.69 670.10 Td (, changes in the average price of our common stock impacted the share settlement of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.83 658.10 Td (Notes, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.38 658.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.21 658.10 Td ( Purchased Options and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.13 658.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.96 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 287.28 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 295.92 658.10 Td (arrants as illustrated below:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 406.16 658.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 583.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 583.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 165.50 583.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 583.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 583.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 583.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 583.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 583.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 583.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 583.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 583.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 555.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 555.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 165.50 555.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 555.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 555.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 555.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 555.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 555.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 555.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 555.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 555.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 527.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 527.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 165.50 527.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 527.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 527.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 527.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 527.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 527.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 527.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 527.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 527.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 499.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 499.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 165.50 499.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 499.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 499.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 499.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 499.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 499.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 499.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 499.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 499.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 471.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 471.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 165.50 471.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 471.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 471.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 471.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 471.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 471.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 471.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 471.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 471.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 443.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 443.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 165.50 443.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 443.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 443.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 443.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 443.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 443.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 443.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 443.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 443.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 415.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 415.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 165.50 415.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 415.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 415.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 415.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 415.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 415.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 415.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 415.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 415.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 387.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 387.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 165.50 387.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 387.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 387.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 387.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 387.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 387.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 387.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 387.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 387.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 359.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 359.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 165.50 359.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 359.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 359.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 359.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 359.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 359.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 359.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 359.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 359.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 331.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 331.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 165.50 331.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 331.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 331.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 331.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 331.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 331.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 331.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 331.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 331.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 303.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 303.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 165.50 303.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 303.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 303.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 303.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 303.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 303.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 303.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 303.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 303.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 275.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 275.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 165.50 275.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 275.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 275.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 275.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 275.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 275.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 275.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 275.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 275.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 247.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 247.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 165.50 247.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 247.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 247.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 247.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 247.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 247.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 247.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 247.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 247.60 73.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 597.6 m 161.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 165.5 597.6 m 242.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 597.6 m 323.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 597.6 m 404.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 597.6 m 485.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 597.6 m 562.5 597.6 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 88.80 609.83 Td (Company) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.05 601.83 Td (Stock Price) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 197.50 625.83 Td (Net) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 177.00 617.83 Td (Shares Issuable) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 174.35 609.83 Td (Underthe3.00%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 193.90 601.83 Td (Notes ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 253.35 625.83 Td (ShareEntitlement) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 255.35 617.83 Td (Underthe3.00%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 266.55 609.83 Td (Purchased) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 269.90 601.83 Td (Options ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.00 633.68 Td (Shar) Tj ET Q q 0 0 0 rg BT 370.30 633.68 Td (es) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 351.45 625.68 Td (Issuable) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.65 617.68 Td (Under) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.15 609.68 Td (the 3.00%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.05 601.68 Td (W) Tj ET Q q 0 0 0 rg BT 356.61 601.68 Td (arrants) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.45 609.83 Td (Net Issuable) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 434.00 601.83 Td (Shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 509.15 609.83 Td ( Potential) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.45 601.83 Td (Dilutive Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 587.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 168.00 587.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 288.15 587.83 Td (\(Shares in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.00 587.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.00 587.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 574.17 Td ($37.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 574.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.65 574.17 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.30 574.22 Td (\(16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 574.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.65 574.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 574.17 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 560.17 Td ($40.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 560.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.65 560.17 Td (208) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.30 560.22 Td (\(208) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 560.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.65 560.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 560.17 Td (208) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 546.17 Td ($42.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 546.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.65 546.17 Td (377) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.30 546.22 Td (\(377) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 546.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.65 546.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 546.17 Td (377) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 532.17 Td ($45.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 532.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.65 532.17 Td (527) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.30 532.22 Td (\(527) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 532.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.65 532.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 532.17 Td (527) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 518.17 Td ($47.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 518.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.65 518.17 Td (662) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.30 518.22 Td (\(662) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 518.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.65 518.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 518.17 Td (662) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 504.17 Td ($50.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 504.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.65 504.17 Td (783) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.30 504.22 Td (\(783) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 504.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.65 504.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 504.17 Td (783) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 490.17 Td ($52.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 490.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.65 490.17 Td (893) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.30 490.22 Td (\(893) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 490.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.65 490.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 490.17 Td (893) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 476.17 Td ($55.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 476.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.65 476.17 Td (992) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.30 476.22 Td (\(992) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 476.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.65 476.17 Td (11) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 476.17 Td (1,003) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 462.17 Td ($57.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 462.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.15 462.17 Td (1,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.80 462.22 Td (\(1,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 462.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.65 462.17 Td (144) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 462.17 Td (1,227) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 448.17 Td ($60.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 448.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.15 448.17 Td (1,166) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.80 448.22 Td (\(1,166) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 448.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.65 448.17 Td (267) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 448.17 Td (1,433) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 434.17 Td ($62.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 434.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.15 434.17 Td (1,243) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.80 434.22 Td (\(1,243) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 434.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.65 434.17 Td (379) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 434.17 Td (1,622) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 420.17 Td ($65.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 420.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.15 420.17 Td (1,314) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.80 420.22 Td (\(1,314) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 420.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.65 420.17 Td (483) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 420.17 Td (1,797) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 406.17 Td ($67.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 406.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.15 406.17 Td (1,379) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.80 406.22 Td (\(1,379) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 406.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.65 406.17 Td (580) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 406.17 Td (1,959) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 392.17 Td ($70.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 392.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.15 392.17 Td (1,440) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.80 392.22 Td (\(1,440) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 392.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.65 392.17 Td (669) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 392.17 Td (2,109) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 378.17 Td ($72.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 378.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.15 378.17 Td (1,497) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.80 378.22 Td (\(1,497) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 378.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.65 378.17 Td (752) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 378.17 Td (2,249) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 364.17 Td ($75.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 364.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.15 364.17 Td (1,550) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.80 364.22 Td (\(1,550) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 364.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.65 364.17 Td (830) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 364.17 Td (2,380) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 350.17 Td ($77.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 350.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.15 350.17 Td (1,599) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.80 350.22 Td (\(1,599) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 350.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.65 350.17 Td (903) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 350.17 Td (2,502) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 336.17 Td ($80.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 336.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.15 336.17 Td (1,646) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.80 336.22 Td (\(1,646) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 336.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.65 336.17 Td (971) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 336.17 Td (2,617) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 322.17 Td ($82.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 322.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.15 322.17 Td (1,689) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.80 322.22 Td (\(1,689) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 322.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 322.17 Td (1,035) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 322.17 Td (2,724) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 308.17 Td ($85.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 308.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.15 308.17 Td (1,730) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.80 308.22 Td (\(1,730) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 308.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 308.17 Td (1,095) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 308.17 Td (2,825) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 294.17 Td ($87.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 294.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.15 294.17 Td (1,769) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.80 294.22 Td (\(1,769) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 294.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 294.17 Td (1,152) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 294.17 Td (2,921) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 280.17 Td ($90.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 280.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.15 280.17 Td (1,805) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.80 280.22 Td (\(1,805) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 280.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 280.17 Td (1,205) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 280.17 Td (3,010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 266.17 Td ($92.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 266.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.15 266.17 Td (1,840) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.80 266.22 Td (\(1,840) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 266.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 266.17 Td (1,256) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 266.17 Td (3,096) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 252.17 Td ($95.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 252.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.15 252.17 Td (1,873) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.80 252.22 Td (\(1,873) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 252.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 252.17 Td (1,304) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 252.17 Td (3,177) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.75 238.17 Td ($97.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 238.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.15 238.17 Td (1,904) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.80 238.22 Td (\(1,904) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 238.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 238.17 Td (1,350) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 238.17 Td (3,254) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.25 224.17 Td ($100.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 224.17 Td (3,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.15 224.17 Td (1,933) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.80 224.22 Td (\(1,933) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 224.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 224.17 Td (1,393) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 224.17 Td (3,326) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 202.10 Td (In connection with the issuance of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.12 202.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.95 202.10 Td ( Notes in 2006, we purchased ten-year call options on our common stock ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (\(2.25% Purchased Options\). Under the terms of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.61 190.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.44 190.10 Td ( Purchased Options, which become exercisable upon conversion of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.72 178.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.55 178.10 Td (Notes, we have the right to receive a total of approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.96 178.10 Td (3.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.85 178.10 Td ( shares of our common stock at a conversion ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.32 166.10 Td ($59.32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.82 166.10 Td ( per share as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.84 166.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.43 166.10 Td (, subject to adjustment for quarterly dividends in excess of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.76 166.10 Td ($0.14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.26 166.10 Td ( per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (common share. Subject to these adjustments, the maximum amount of shares of our common stock that could be required to be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (issued under the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.49 142.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.32 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 145.63 142.10 Td (W) Tj ET Q q 0 0 0 rg BT 154.27 142.10 Td (arrants is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.15 142.10 Td (6.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.04 142.10 Td ( shares. ) Tj ET Q q 0 0 0 rg BT 269.35 142.10 Td (The total cost of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.83 142.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.66 142.10 Td ( Purchased Options was $1) Tj ET Q q 0 0 0 rg BT 485.61 142.10 Td (16.3million. ) Tj ET Q q 0 0 0 rg BT 539.32 142.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (cost of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 94.16 130.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 119.99 130.10 Td ( Purchased Options results in future income-tax deductions that we expect will total approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td ($43.6million.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 100.10 Td (In addition to the purchase of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.68 100.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.51 100.10 Td ( Purchased Options, we sold warrants in separate transactions \(2.25% ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 88.10 Td (arrants\). ) Tj ET Q q 0 0 0 rg BT 98.43 88.10 Td (These ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.81 88.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 150.64 88.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.96 88.10 Td (W) Tj ET Q q 0 0 0 rg BT 161.60 88.10 Td (arrants have a ten-year term and enable the holders to acquire shares of our common stock from us. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.05 76.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.88 76.10 Td ( ) Tj ET Q q 0 0 0 rg BT 96.20 76.10 Td (W) Tj ET Q q 0 0 0 rg BT 104.83 76.10 Td (arrants are exercisable for a total of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.92 76.10 Td (3.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.81 76.10 Td ( shares of our common stock at the conversion price then in ef) Tj ET Q q 0 0 0 rg BT 541.45 76.10 Td (fect, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (subject to adjustment for quarterly dividends in excess of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.33 64.10 Td ($0.14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.83 64.10 Td ( per common share, liquidation, bankruptcy) Tj ET Q q 0 0 0 rg BT 477.86 64.10 Td (, or a change in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (control of our company and other conditions. ) Tj ET Q q 0 0 0 rg BT 233.11 52.10 Td (The proceeds from the sale of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.44 52.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.27 52.10 Td ( ) Tj ET Q q 0 0 0 rg BT 397.59 52.10 Td (W) Tj ET Q q 0 0 0 rg BT 406.23 52.10 Td (arrants were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.87 52.10 Td ($80.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.76 52.10 Td (.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 151 0 obj <>] /Rotate 0 /Contents 152 0 R>> endobj 152 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (73) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 742.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.05 742.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.88 742.10 Td ( Purchased Option and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.19 742.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.02 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 239.34 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 247.98 742.10 Td (arrant transactions were designed to increase the conversion price per share of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (our common stock, and therefore, mitigate the potential dilution of our common stock upon conversion of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.73 730.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.56 730.10 Td (Notes, if ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (any) Tj ET Q q 0 0 0 rg BT 63.79 718.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 700.10 Td (No shares of our common stock have been issued or received under the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.41 700.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.24 700.10 Td ( Purchased Options or the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.05 700.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.88 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 521.20 700.10 Td (W) Tj ET Q q 0 0 0 rg BT 529.84 700.10 Td (arrants. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (For diluted earnings-per) Tj ET Q q 0 0 0 rg BT 146.44 688.10 Td (-share calculations, we are required to include the dilutive ef) Tj ET Q q 0 0 0 rg BT 388.38 688.10 Td (fect, if applicable, of the net shares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (issuable under the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.70 676.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 150.53 676.10 Td ( Notes and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.52 676.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.35 676.10 Td ( ) Tj ET Q q 0 0 0 rg BT 238.67 676.10 Td (W) Tj ET Q q 0 0 0 rg BT 247.30 676.10 Td (arrants as depicted in the table below under the heading "Potential Dilutive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (Shares." ) Tj ET Q q 0 0 0 rg BT 85.19 664.10 Td (Although the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.19 664.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.02 664.10 Td ( Purchased Options have the economic benefit of decreasing the dilutive ef) Tj ET Q q 0 0 0 rg BT 465.45 664.10 Td (fect of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.49 664.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.32 664.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (Notes, for diluted earnings-per) Tj ET Q q 0 0 0 rg BT 172.54 652.10 Td (-share calculations purposes, we cannot factor this benefit into our dilutive shares outstanding as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (their impact would be anti-dilutive. Based on the outstanding principal amount of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.37 640.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.20 640.10 Td ( Notes of $182.8 million as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (December 31, 2013, changes in the average price of our common stock will impact the share settlement of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.35 628.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.18 628.10 Td ( Notes, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.83 616.10 Td ( Purchased Options and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.75 616.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.58 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.90 616.10 Td (W) Tj ET Q q 0 0 0 rg BT 224.54 616.10 Td (arrants as illustrated below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 541.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 541.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 164.50 541.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 541.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 541.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 541.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 541.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 541.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 541.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 541.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 541.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 513.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 513.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 164.50 513.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 513.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 513.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 513.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 513.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 513.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 513.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 513.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 513.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 485.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 485.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 164.50 485.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 485.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 485.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 485.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 485.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 485.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 485.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 485.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 485.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 457.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 457.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 164.50 457.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 457.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 457.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 457.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 457.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 457.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 457.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 457.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 457.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 429.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 164.50 429.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 429.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 429.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 429.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 429.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 401.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 401.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 164.50 401.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 401.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 401.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 401.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 401.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 401.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 401.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 401.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 401.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 373.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 373.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 164.50 373.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 373.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 373.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 373.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 373.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 373.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 373.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 373.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 373.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 345.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 345.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 164.50 345.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 345.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 345.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 345.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 345.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 345.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 345.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 345.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 345.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 317.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 317.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 164.50 317.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 317.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 317.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 317.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 317.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 317.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 317.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 317.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 317.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 289.60 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 164.50 289.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 289.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 289.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 289.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 289.60 73.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 164.5 555.6 m 241.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 555.6 m 322.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 555.6 m 403.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 555.6 m 484.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 555.6 m 561.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 555.6 m 160.5 555.6 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.80 567.83 Td (Company) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 85.05 559.83 Td (Stock Price) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.50 583.83 Td (Net) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 176.00 575.83 Td (Shares Issuable) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 173.35 567.83 Td (Underthe2.25%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 192.90 559.83 Td (Notes ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 252.35 583.83 Td (ShareEntitlement) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 254.35 575.83 Td (Underthe2.25%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 265.55 567.83 Td (Purchased) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 268.90 559.83 Td (Options ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.00 591.68 Td (Shar) Tj ET Q q 0 0 0 rg BT 369.30 591.68 Td (es) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 350.45 583.68 Td (Issuable) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.65 575.68 Td (Under) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 347.15 567.68 Td (the 2.25%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.05 559.68 Td (W) Tj ET Q q 0 0 0 rg BT 355.61 559.68 Td (arrants) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.45 567.83 Td (Net Issuable) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 433.00 559.83 Td (Shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 508.15 567.83 Td ( Potential) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.45 559.83 Td (Dilutive Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 545.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 167.00 545.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.15 545.83 Td (\(Shares in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.00 545.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.00 545.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.75 532.17 Td ($57.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.65 532.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.50 532.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.50 532.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.50 532.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.50 532.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.75 518.17 Td ($59.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 518.17 Td (3,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.00 518.17 Td (9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 518.17 Td (\(9\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.50 518.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 518.17 Td (9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.75 504.17 Td ($62.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 504.17 Td (3,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.00 504.17 Td (133) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.65 504.17 Td (\(133\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.50 504.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 504.17 Td (133) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.75 490.17 Td ($64.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 490.17 Td (3,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.00 490.17 Td (247) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.65 490.17 Td (\(247\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.50 490.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 490.17 Td (247) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.75 476.17 Td ($67.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 476.17 Td (3,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.00 476.17 Td (353) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.65 476.17 Td (\(353\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.50 476.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 476.17 Td (353) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.75 462.17 Td ($69.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 462.17 Td (3,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.00 462.17 Td (451) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.65 462.17 Td (\(451\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.50 462.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 462.17 Td (451) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.75 448.17 Td ($72.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 448.17 Td (3,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.00 448.17 Td (543) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.65 448.17 Td (\(543\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.50 448.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 448.17 Td (543) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.75 434.17 Td ($74.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 434.17 Td (3,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.00 434.17 Td (628) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.65 434.17 Td (\(628\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.50 434.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 434.17 Td (628) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.75 420.17 Td ($77.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 420.17 Td (3,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.00 420.17 Td (707) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.65 420.17 Td (\(707\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.50 420.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 420.17 Td (707) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.75 406.17 Td ($79.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 406.17 Td (3,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.00 406.17 Td (782) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.65 406.17 Td (\(782\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.50 406.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 406.17 Td (782) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.75 392.17 Td ($82.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 392.17 Td (3,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.00 392.17 Td (852) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.65 392.17 Td (\(852\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.50 392.17 Td (69) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 392.17 Td (921) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.75 378.17 Td ($84.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 378.17 Td (3,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.00 378.17 Td (918) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.65 378.17 Td (\(918\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.00 378.17 Td (158) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.25 378.17 Td (1,076) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.75 364.17 Td ($87.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 364.17 Td (3,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.00 364.17 Td (980) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.65 364.17 Td (\(980\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.00 364.17 Td (242) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.25 364.17 Td (1,222) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.75 350.17 Td ($89.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 350.17 Td (3,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.25 350.17 Td (1,039) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.90 350.17 Td (\(1,039\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.00 350.17 Td (321) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.25 350.17 Td (1,360) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.75 336.17 Td ($92.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 336.17 Td (3,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.25 336.17 Td (1,094) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.90 336.17 Td (\(1,094\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.00 336.17 Td (396) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.25 336.17 Td (1,490) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.75 322.17 Td ($94.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 322.17 Td (3,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.25 322.17 Td (1,147) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.90 322.17 Td (\(1,147\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.00 322.17 Td (467) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.25 322.17 Td (1,614) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.75 308.17 Td ($97.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 308.17 Td (3,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.25 308.17 Td (1,197) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.90 308.17 Td (\(1,197\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.00 308.17 Td (535) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.25 308.17 Td (1,732) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.75 294.17 Td ($99.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 294.17 Td (3,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.25 294.17 Td (1,244) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.90 294.17 Td (\(1,244\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.00 294.17 Td (599) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.25 294.17 Td (1,843) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.25 280.17 Td ($102.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 280.17 Td (3,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.25 280.17 Td (1,289) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.90 280.17 Td (\(1,289\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.00 280.17 Td (660) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.25 280.17 Td (1,949) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 252.10 Td (The Company issues new shares or treasury shares, if available, when restricted stock vests. ) Tj ET Q q 0 0 0 rg BT 443.99 252.10 Td (W) Tj ET Q q 0 0 0 rg BT 453.03 252.10 Td (ith respect to shares issued ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 240.10 Td (under the Purchase Plan, the Company) Tj ET Q q 0 0 0 rg BT 207.74 240.10 Td (s Board of Directors has authorized specific share repurchases to fund the shares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (issuable under the Purchase Plan.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 210.10 Td (Stock Issuances) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.04 210.10 Td (. During the year ended December 31, 2013, we issued 1.39 million shares of treasury stock, as part of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 198.10 Td (consideration paid for UAB Motors.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 180.10 Td (Stock Repur) Tj ET Q q 0 0 0 rg BT 122.22 180.10 Td (chases. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.88 180.10 Td (From time to time, our Board of Directors gives authorization to repurchase shares of our common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (stock, subject to the restrictions of various debt agreements and our judgment. In ) Tj ET Q q 0 0 0 rg BT 375.20 168.10 Td (August 201) Tj ET Q q 0 0 0 rg BT 421.22 168.10 Td (1, our Board of Directors ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td (authorized the repurchase of up to $50.0million of our common shares. Shares are to be repurchased from time to time in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (open market or privately negotiated transactions depending on market conditions, at our discretion, and funded by cash from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (operations. Pursuant to the ) Tj ET Q q 0 0 0 rg BT 158.60 132.10 Td (August 201) Tj ET Q q 0 0 0 rg BT 204.62 132.10 Td (1 authorization, 241,991 shares were repurchased during 2012 at an average price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td ($46.75 per share, or for a total of $1) Tj ET Q q 0 0 0 rg BT 194.03 120.10 Td (1.3 million. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 102.10 Td (In July 2012, our Board of Directors authorized a new repurchase program of up to $50.0 million of our common shares, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 90.10 Td (replacing any amount remaining from the ) Tj ET Q q 0 0 0 rg BT 218.28 90.10 Td (August 201) Tj ET Q q 0 0 0 rg BT 264.30 90.10 Td (1 authorization. In October 2013, our Board of Directors increased the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 78.10 Td (authorized repurchase amount to $75.0 million of our common shares. ) Tj ET Q q 0 0 0 rg BT 333.27 78.10 Td (As of December 31, 2013, we had repurchased 55,655 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 66.10 Td (shares, at an average price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.54 66.10 Td ($63.82) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.04 66.10 Td ( per share, for a total cost of $3.6 million, leaving $71.4 million of repurchase ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 54.10 Td (authorization remaining. Future repurchases are subject to the discretion of our Board of Directors after considering our results ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 153 0 obj <>] /Rotate 0 /Contents 154 0 R>> endobj 154 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (74) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (of operations, financial condition, cash flows, capital requirements, existing debt covenants, outlook for our business, general ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (business conditions and other factors. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 712.10 Td (Dividends.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.05 712.10 Td ( ) Tj ET Q q 0 0 0 rg BT 119.37 712.10 Td (The payment of dividends is subject to the discretion of our Board of Directors after considering the results of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (operations, financial condition, cash flows, capital requirements, outlook for our business, general business conditions, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (political and legislative environments and other factors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 670.10 Td (Further) Tj ET Q q 0 0 0 rg BT 103.04 670.10 Td (, we are limited under the terms of the Revolving Credit Facility and Real Estate Credit Facility in our ability to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (make cash dividend payments to our stockholders and to repurchase shares of our outstanding common stock, based primarily ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (on our quarterly net income or loss. ) Tj ET Q q 0 0 0 rg BT 194.41 646.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.86 646.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.44 646.10 Td (, the Restricted Payment Basket under both facilities was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.94 646.10 Td ($164.0 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 634.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.33 634.10 Td (will increase in the future periods by 50.0% of our future cumulative net income, plus the net proceeds received ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (from the sale of our capital stock, and decrease by the amount of future payments for cash dividends and share repurchases) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.77 622.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (Off-Balance Sheet ) Tj ET Q q 0 0 0 rg BT 129.43 604.10 Td (Arrangements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 586.10 Td (e do not have any of) Tj ET Q q 0 0 0 rg BT 139.82 586.10 Td (f-balance sheet arrangements as defined by Item303\(a\)\(4\)\(ii\) of RegulationS-K.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Contractual Obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 544.10 Td (The following is a summary of our contractual obligations as of December31, 2013:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.80 544.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 485.60 175.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 485.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 485.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 485.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 485.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 485.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 485.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 485.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 485.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 485.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 485.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 456.60 175.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 456.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 456.60 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 456.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 456.60 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 456.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 456.60 64.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 456.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 456.60 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 456.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 456.60 64.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 408.60 175.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 408.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 408.60 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 408.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 408.60 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 408.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 408.60 64.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 408.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 408.60 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 408.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 408.60 64.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 362.60 175.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 362.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 362.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 362.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 362.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 362.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 362.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 362.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 362.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 362.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 362.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 325.60 175.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 325.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 325.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 325.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 325.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 325.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 325.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 325.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 325.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 325.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 325.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 297.60 175.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 297.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 297.60 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 297.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 297.60 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 297.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 297.60 64.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 297.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 297.60 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 297.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 297.60 64.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 260.60 175.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 260.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 260.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 260.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 260.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 260.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 260.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 260.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 260.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 260.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 260.60 64.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 513.6 m 292.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 513.6 m 296.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 513.6 m 359.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 513.6 m 363.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 513.6 m 427.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 513.6 m 431.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 513.6 m 494.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 513.6 m 498.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 513.6 m 562.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 499.6 m 292.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 499.6 m 359.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 499.6 m 427.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 499.6 m 494.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 499.6 m 562.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 260.6 m 292.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 260.6 m 359.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 260.6 m 427.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 260.6 m 494.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 260.6 m 562.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 247.60000000000002 m 292.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 245.60000000000002 m 292.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 247.60000000000002 m 359.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 245.60000000000002 m 359.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 247.60000000000002 m 427.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 245.60000000000002 m 427.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 247.60000000000002 m 494.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 245.60000000000002 m 494.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 247.60000000000002 m 562.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 245.60000000000002 m 562.5 245.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 517.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.35 517.83 Td (Payments Due by Period) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 503.83 Td (Contractual Obligations) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 251.75 503.83 Td (Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.40 503.83 Td (< 1 Year) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 379.25 503.83 Td (1-3 Years) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.75 503.83 Td (3-5 Years) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.70 503.83 Td (Thereafter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 489.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.00 489.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.00 489.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.20 489.83 Td (\(Inthousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.00 489.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.00 489.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 476.17 Td (Floorplan notes payable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.00 476.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.65 476.17 Td (1,433,478) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.00 476.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.65 476.17 Td (1,433,478) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.00 476.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.65 476.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.00 476.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 476.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.00 476.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 476.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 461.27 Td (Acquisition line payable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.15 461.27 Td (60,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.65 461.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.65 461.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.15 461.27 Td (60,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 461.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 447.17 Td (Estimated interest payments on floor plan ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 437.17 Td (notes payable) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 107.70 441.70 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.28 437.17 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.15 438.27 Td (21,078) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.15 438.27 Td (10,145) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.15 438.27 Td (6,400) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.15 438.27 Td (4,533) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 438.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 423.27 Td (Long-term debt obligations and short-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 413.27 Td (term financing) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 111.59 417.80 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 119.17 413.27 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.15 413.27 Td (624,321) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.15 413.27 Td (64,433) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.15 413.27 Td (121,427) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.15 413.27 Td (120,467) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 413.27 Td (317,994) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 399.17 Td (Estimated interest payments on fixed-rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 389.17 Td (long-term debt obligations) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 159.09 393.70 Td (\(3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.67 389.17 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.15 390.27 Td (155,613) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.15 390.27 Td (16,491) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 390.27 Td (31,029) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.15 390.27 Td (25,004) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 390.27 Td (83,089) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 376.17 Td (Estimated interest payments on variable-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 366.17 Td (rate long-term debt obligations) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 176.58 370.70 Td (\(4\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.16 366.17 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.15 367.27 Td (25,034) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 367.27 Td (5,948) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.15 367.27 Td (9,505) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.15 367.27 Td (6,377) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 367.27 Td (3,204) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 353.17 Td (Capital lease obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.15 353.17 Td (47,553) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 353.17 Td (3,733) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.15 353.17 Td (8,134) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.15 353.17 Td (5,291) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 353.17 Td (30,395) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 339.17 Td (Estimated interest on capital lease) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 329.17 Td (obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.15 330.27 Td (39,626) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 330.27 Td (4,630) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.15 330.27 Td (8,583) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.15 330.27 Td (7,481) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 330.27 Td (18,932) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 316.17 Td (Operating lease obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.15 316.17 Td (368,465) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.15 316.17 Td (55,641) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 316.17 Td (99,540) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.15 316.17 Td (77,847) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 316.17 Td (135,437) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 302.17 Td (Interest rate risk management obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.15 302.17 Td (26,078) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.65 302.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 302.17 Td (15,928) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.15 302.17 Td (10,150) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 302.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 288.17 Td (Estimated interest payments on interest) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 278.17 Td (rate risk management obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.15 279.27 Td (48,386) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.15 279.27 Td (10,644) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 279.27 Td (23,153) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.15 279.27 Td (13,578) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 279.27 Td (1,011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 265.17 Td (Purchase commitments) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 146.04 269.70 Td (\(5\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.61 265.17 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.15 265.17 Td (28,931) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 265.17 Td (8,027) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 265.17 Td (11,651) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.15 265.17 Td (9,253) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 265.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 251.17 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.00 251.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.65 251.17 Td (2,878,563) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.00 251.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.65 251.17 Td (1,613,170) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.00 251.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.15 251.17 Td (335,350) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.00 251.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.15 251.17 Td (339,981) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.00 251.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 251.17 Td (590,062) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 564.00 247.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.20 231.50 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.20 231.50 Td (Calculated using the Floorplan Line balance and weighted average interest rate at December31, 2013, and the assumption that these liabilities would be ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.20 221.90 Td (settled within 72 days, which approximates our weighted average inventory days outstanding. In addition, amounts include estimated commitment fees ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.20 212.30 Td (on the unused portion of the Floorplan Line through the term of the Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 368.96 212.30 Td (, assuming no additional Floorplan Line borrowings beyond ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.20 202.70 Td (72 days.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.20 187.10 Td (\(2\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.20 187.10 Td (Includes ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 99.30 187.10 Td ($32.0 million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 142.41 187.10 Td ( of outstanding letters of credit associated with the ) Tj ET Q q 0 0 0 rg BT 305.26 187.10 Td (Acquisition Line of our Revolving Credit Facility due in 2014.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.20 171.50 Td (\(3\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.20 171.50 Td (Includes our 3.00% Notes due 2020, 2.25% Convertible Notes due 2036 and other real estate related debt.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.20 155.90 Td (\(4\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.20 155.90 Td (Includes interest on letters of credit associated with the ) Tj ET Q q 0 0 0 rg BT 247.70 155.90 Td (Acquisition Line of our Revolving Credit Facility due 2014, commitment fees on the unused ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.20 146.30 Td (portion of the ) Tj ET Q q 0 0 0 rg BT 115.31 146.30 Td (Acquisition Line through the term of the Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 328.31 146.30 Td (, and estimated interest on our Foreign Notes and other real estate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.20 136.70 Td (related debt.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.20 121.10 Td (\(5\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.20 121.10 Td (Includes Information ) Tj ET Q q 0 0 0 rg BT 139.37 121.10 Td (T) Tj ET Q q 0 0 0 rg BT 143.70 121.10 Td (echnology commitments and other) Tj ET Q q 0 0 0 rg BT 254.12 121.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 103.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 103.10 Td (e, acting through our subsidiaries, are the lessee under many real estate leases that provide for our use of the respective ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (dealership premises. Generally) Tj ET Q q 0 0 0 rg BT 172.92 91.10 Td (, our real estate and facility leases have 30-year total terms with initial terms of 15years and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (three additional five-year terms, at our option. Pursuant to these leases, our subsidiaries generally agree to indemnify the lessor ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (and other parties from certain liabilities arising as a result of the use of the leased premises, including environmental liabilities, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 55.10 Td (or a breach of the lease by the lessee. ) Tj ET Q q 0 0 0 rg BT 200.49 55.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 250.39 55.10 Td (, from time to time, we enter into agreements in connection with the sale of ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 155 0 obj <>] /Rotate 0 /Contents 156 0 R>> endobj 156 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (75) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (assets or businesses in which we agree to indemnify the purchaser) Tj ET Q q 0 0 0 rg BT 313.97 742.10 Td (, or other parties, from certain liabilities or costs arising in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (connection with the assets or business. ) Tj ET Q q 0 0 0 rg BT 206.37 730.10 Td (Also, in the ordinary course of business in connection with purchases or sales of goods ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (and services, we enter into agreements that may contain indemnification provisions. In the event that an indemnification claim ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (is asserted, liability would be limited by the terms of the applicable agreement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 688.10 Td (From time to time, primarily in connection with dealership dispositions, we assign or sublet to the dealership purchaser ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (our interests in any real property leases associated with such dealerships. In general, we retain responsibility for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (performance of certain obligations under such leases to the extent that the assignee or sublessee does not perform, whether such ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (performance is required prior to or following the assignment or subletting of the lease. ) Tj ET Q q 0 0 0 rg BT 397.41 652.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 447.31 652.10 Td (, we generally remain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (subject to the terms of any guarantees made by us in connection with such leases. ) Tj ET Q q 0 0 0 rg BT 377.69 640.10 Td (Although we generally have indemnification ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (rights against the assignee or sublessee in the event of non-performance under these leases, as well as certain defenses, and we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (presently have no reason to believe that we will be called on to perform under any such assigned leases or subleases, we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (estimate that lessee rental payment obligations during the remaining terms of these leases are approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.14 604.10 Td ($25.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.03 604.10 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 592.10 Td (. Our exposure under these leases is dif) Tj ET Q q 0 0 0 rg BT 285.02 592.10 Td (ficult to estimate and there can be no assurance that any performance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (by us required under these leases would not have a material adverse ef) Tj ET Q q 0 0 0 rg BT 331.38 580.10 Td (fect on our business, results of operations and financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 92.59 568.10 Td (W) Tj ET Q q 0 0 0 rg BT 101.23 568.10 Td (e may be called on to perform other obligations under these leases, such as environmental remediation of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (leased premises or repair of the leased premises upon termination of the lease. However) Tj ET Q q 0 0 0 rg BT 401.14 556.10 Td (, we presently have no reason to believe ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (that we will be called on to so perform and such obligations cannot be quantified at this time.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 98.89 526.10 Td ( Financial Measur) Tj ET Q q 0 0 0 rg BT 176.48 526.10 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 508.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 508.10 Td (e have included certain non-GAAP) Tj ET Q q 0 0 0 rg BT 221.27 508.10 Td ( financial measures as defined under SEC rules, which recharacterize certain items ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (within the Statement of Cash Flows. ) Tj ET Q q 0 0 0 rg BT 197.87 496.10 Td (These adjusted measures are not measures of financial performance under GAAP) Tj ET Q q 0 0 0 rg BT 522.19 496.10 Td (. ) Tj ET Q q 0 0 0 rg BT 526.64 496.10 Td (As ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (required by SEC rules, we provide reconciliations of these adjusted measures to the most directly comparable GAAP) Tj ET Q q 0 0 0 rg BT 517.56 484.10 Td ( measures. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 472.10 Td (e believe that these adjusted financial measures are relevant and useful to investors because they improve the transparency of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (our disclosure, provide a meaningful presentation of results from our core business operations and improve period-to-period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (comparability of our results from our core business operations. Our management uses these measures in conjunction with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 76.86 436.10 Td ( financial measures to assess our business, including in communications with our Board of Directors, investors and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (analysts concerning financial performance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 406.10 Td (The following table reconciles cash flow provided by \(used in\) operating, investing and financing activities on a GAAP) Tj ET Q q 0 0 0 rg BT 550.34 406.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (basis to the corresponding adjusted amounts \(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 341.60 277.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 341.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 341.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 341.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 341.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 341.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 341.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 312.60 277.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 312.60 5.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 312.60 73.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 312.60 5.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 312.60 73.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 312.60 5.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 312.60 74.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 266.60 277.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 266.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 266.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 266.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 266.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 266.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 266.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 238.60 277.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 238.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 238.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 238.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 238.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 238.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 238.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 201.60 277.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 201.60 5.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 201.60 73.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 201.60 5.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 201.60 73.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 201.60 5.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 201.60 74.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 164.60 277.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 164.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 164.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 164.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 164.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 164.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 164.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 136.60 277.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 136.60 5.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 136.60 73.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 136.60 5.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 136.60 73.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 136.60 5.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 136.60 74.00 -32.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 356.6 m 404.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 356.6 m 404.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 341.6 m 404.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 356.6 m 482.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 341.6 m 482.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 356.6 m 487.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 356.6 m 561.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 341.6 m 561.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 266.6 m 404.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 252.60000000000002 m 404.5 252.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 266.6 m 482.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 252.60000000000002 m 482.5 252.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 266.6 m 561.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 252.60000000000002 m 561.5 252.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 178.60000000000002 m 404.5 178.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 164.60000000000002 m 404.5 164.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 178.60000000000002 m 482.5 178.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 164.60000000000002 m 482.5 164.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 178.60000000000002 m 561.5 178.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 164.60000000000002 m 561.5 164.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 104.60000000000002 m 404.5 104.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 90.60000000000002 m 404.5 90.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 104.60000000000002 m 482.5 104.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 90.60000000000002 m 482.5 90.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 104.60000000000002 m 561.5 104.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 90.60000000000002 m 561.5 90.60000000000002 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.15 361.05 Td (Year Ended December 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.50 346.05 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.50 346.05 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.20 346.05 Td (2011) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 331.05 Td (CASH FLOWS FROM OPERATING ACTIVITIES) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 58.00 317.86 Td (Net cash provided by \(used in\) operating activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.00 317.06 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 376.25 317.06 Td (52,372) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.00 317.06 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.25 317.06 Td (\(75,322) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.00 317.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.00 317.06 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 528.75 317.06 Td (199,316) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 64.00 303.86 Td (Change in floorplan notes payable-credit facilities, excluding floorplan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 64.00 294.86 Td (offset account and net acquisition and disposition) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.75 294.06 Td (165,404) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.75 294.06 Td (245,544) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.25 294.06 Td (\(13,350) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.00 294.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 64.00 280.86 Td (Change in floorplan notes payable-manufacturer affiliates associated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 64.00 271.86 Td (with net acquisition and disposition related activity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.25 271.06 Td (\(14,953) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.00 271.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.25 271.06 Td (\(11,028) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.00 271.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.25 271.06 Td (\(33,712) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.00 271.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 76.00 257.86 Td (Adjusted net cash provided by operating activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.00 257.06 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.75 257.06 Td (202,823) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.00 257.06 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.75 257.06 Td (159,194) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.00 257.06 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 528.75 257.06 Td (152,254) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 243.05 Td (CASH FLOWS FROM INVESTING ACTIVITIES) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 58.00 229.86 Td (Net cash used in investing activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.00 229.06 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.75 229.06 Td (\(268,654) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.00 229.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.00 229.06 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.75 229.06 Td (\(224,458) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.00 229.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.00 229.06 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.75 229.06 Td (\(212,773) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.00 229.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 64.00 215.86 Td (Change in cash paid for acquisitions, associated with floorplan notes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 64.00 206.86 Td (payable) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 376.25 206.06 Td (64,569) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.25 206.06 Td (33,550) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.25 206.06 Td (75,704) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 64.00 192.86 Td (Change in proceeds from disposition of franchises, property and) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 64.00 183.86 Td (equipment, associated with floorplan notes payable) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.25 183.06 Td (\(45,431) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.00 183.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.25 183.06 Td (\(18,051) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.00 183.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.50 183.06 Td (\(132) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.00 183.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 76.00 169.86 Td (Adjusted net cash used by investing activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.00 169.06 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.75 169.06 Td (\(249,516) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.00 169.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.00 169.06 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.75 169.06 Td (\(208,959) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.00 169.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.00 169.06 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.75 169.06 Td (\(137,201) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.00 169.06 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.00 155.05 Td (CASH FLOWS FROM FINANCING ACTIVITIES) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 58.00 141.86 Td (Net cash provided by operating activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.00 141.06 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.75 141.06 Td (235,993) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.00 141.06 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.75 141.06 Td (290,823) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.00 141.06 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.75 141.06 Td (8,649) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 64.00 127.86 Td (Change in net borrowings and repayments on floorplan notes payable-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 64.00 118.86 Td (credit facilities, excluding net activity associated with our floorplan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 64.00 109.86 Td (offset account) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.75 109.06 Td (\(169,589) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.00 109.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.75 109.06 Td (\(250,015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.00 109.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.25 109.06 Td (\(28,510) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.00 109.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 76.00 95.86 Td (Adjusted net cash provided by \(used in\) financing activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.00 95.06 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 376.25 95.06 Td (66,404) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.00 95.06 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.25 95.06 Td (40,808) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.00 95.06 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.25 95.06 Td (\(19,861) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.00 95.06 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 157 0 obj <>] /Rotate 0 /Contents 158 0 R>> endobj 158 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (76) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.25 Td (Item7A. Quantitative and Qualitative Disclosur) Tj ET Q q 0 0 0 rg BT 254.81 736.25 Td (es ) Tj ET Q q 0 0 0 rg BT 265.09 736.25 Td (About Market Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 718.25 Td (e are exposed to a variety of market risks, including interest rate risk and foreign currency exchange rate risk. ) Tj ET Q q 0 0 0 rg BT 522.56 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 531.20 718.25 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (address these risks through a program of risk management which includes the use of derivative instruments. ) Tj ET Q q 0 0 0 rg BT 483.88 706.25 Td (The following ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (quantitative and qualitative information is provided about financial instruments to which we are a party at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.43 694.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.01 694.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (and from which we may incur future gains or losses from changes in market interest rates and foreign currency exchange rates. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 670.25 Td (e do not enter into derivative or other financial instruments for speculative or trading purposes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 652.25 Td (Hypothetical changes in interest rates and foreign currency exchange rates chosen for the following estimated sensitivity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (analysis are considered to be reasonable near) Tj ET Q q 0 0 0 rg BT 229.72 640.25 Td (-term changes generally based on consideration of past fluctuations for each risk ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (category) Tj ET Q q 0 0 0 rg BT 83.77 628.25 Td (. However) Tj ET Q q 0 0 0 rg BT 125.02 628.25 Td (, since it is not possible to accurately predict future changes in interest rate and foreign currency exchange ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (rates, these hypothetical changes may not necessarily be an indicator of probable future fluctuations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 598.25 Td (The following information about our market-sensitive financial instruments constitutes a forward-looking statement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 580.25 Td (As of December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.03 580.25 Td (, the outstanding principal amounts of our 2.25%Notes and 3.00%Notes totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.97 580.25 Td ($182.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 560.86 580.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.94 568.25 Td ($1) Tj ET Q q 0 0 0 rg BT 76.57 568.25 Td (15.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.46 568.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 178.12 568.25 Td (, and had fair values of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.25 568.25 Td ($231.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.14 568.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.58 568.25 Td ($231.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.47 568.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 462.13 568.25 Td (. ) Tj ET Q q 0 0 0 rg BT 466.95 568.25 Td (The carrying amounts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (of our 2.25%Notes and 3.00%Notes were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.85 556.25 Td ($160.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.74 556.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.18 556.25 Td ($84.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.07 556.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 408.73 556.25 Td (, at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.45 556.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.03 556.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 538.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 93.07 538.25 Td (est Rates. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.89 538.25 Td (W) Tj ET Q q 0 0 0 rg BT 142.53 538.25 Td (e have interest rate risk in our variable-rate debt obligations. Our policy is to monitor the ef) Tj ET Q q 0 0 0 rg BT 507.52 538.25 Td (fects of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (market changes in interest rates and manage our interest rate exposure through the use of a combination of fixed and floating-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (rate debt and interest rate swaps.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 496.25 Td (As of December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.03 496.25 Td (, we had $1,375.9 million of variable-rate floorplan borrowings outstanding, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.74 496.25 Td ($67.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.63 496.25 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (variable-rate Real Estate Credit Facility borrowings outstanding, $60.0 million of ) Tj ET Q q 0 0 0 rg BT 377.71 484.25 Td (Acquisition Line borrowings outstanding, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td ($1) Tj ET Q q 0 0 0 rg BT 59.63 472.25 Td (14.0 million of other variable-rate real estate related borrowings outstanding. Based on the aggregate amount of variable-rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (borrowings outstanding as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.88 460.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.46 460.25 Td (, and before the impact of our interest rate swaps described below) Tj ET Q q 0 0 0 rg BT 509.49 460.25 Td (, a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (100basis-point change in interest rates would have resulted in an approximate $15.6 million change to our annual interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (expense. ) Tj ET Q q 0 0 0 rg BT 86.66 436.25 Td (After consideration of the interest rate swaps described below) Tj ET Q q 0 0 0 rg BT 333.14 436.25 Td (, a 100basis-point change would have yielded a net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (annual change of $1) Tj ET Q q 0 0 0 rg BT 130.43 424.25 Td (1.1 million in annual interest expense based on the variable-rate borrowings outstanding as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 412.25 Td (. ) Tj ET Q q 0 0 0 rg BT 133.40 412.25 Td (This interest rate sensitivity increased from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.91 412.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.91 412.25 Td ( primarily as a result of the increase in variable-rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (floorplan borrowings.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 382.25 Td (Our exposure to changes in interest rates with respect to our variable-rate floorplan borrowings is partially mitigated by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (manufacturers) Tj ET Q q 0 0 0 rg BT 109.78 370.25 Td ( interest assistance, which in some cases is influenced by changes in market based variable interest rates. ) Tj ET Q q 0 0 0 rg BT 530.84 370.25 Td (W) Tj ET Q q 0 0 0 rg BT 539.48 370.25 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (reflect interest assistance as a reduction of new vehicle inventory cost until the associated vehicle is sold. During the years ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.38 346.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.96 346.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.40 346.25 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.98 346.25 Td (, we recognized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.51 346.25 Td ($38.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.40 346.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.84 346.25 Td ($33.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.73 346.25 Td ( of interest assistance as a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (reduction of new vehicle cost of sales, respectively) Tj ET Q q 0 0 0 rg BT 253.16 334.25 Td (. For the past three years, the reduction to our new vehicle cost of sales has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (ranged from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.65 322.25 Td (87.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.48 322.25 Td ( of our floorplan interest expense in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.43 322.25 Td (first) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.54 322.25 Td ( quarter of 2013 to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.46 322.25 Td (1) Tj ET Q q 0 0 0 rg BT 385.09 322.25 Td (15.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.92 322.25 Td ( in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.41 322.25 Td (third) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.30 322.25 Td ( quarter of 2012, and was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (94.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.83 310.25 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.21 310.25 Td (fourth) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.65 310.25 Td ( quarter of 2013. In the U.S., manufacturer's interest assistance was 1) Tj ET Q q 0 0 0 rg BT 407.71 310.25 Td (14.1% of floorplan interest expense in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (the fourth quarter of 2013. ) Tj ET Q q 0 0 0 rg BT 157.75 298.25 Td (Although we can provide no assurance as to the amount of future interest assistance, it is our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (expectation, based on historical data that an increase in prevailing interest rates would result in increased assistance from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (certain manufacturers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 256.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 256.25 Td (e use interest rate swaps to adjust our exposure to interest rate movements, when appropriate, based upon market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 96.11 244.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.56 244.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.14 244.25 Td (, we held interest rate swaps with aggregate notional amounts of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.51 244.25 Td ($450.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.40 244.25 Td ( that fixed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (our underlying one-month LIBOR at a weighted average rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.69 232.25 Td (2.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.52 232.25 Td (. ) Tj ET Q q 0 0 0 rg BT 333.34 232.25 Td (These hedge instruments are designed to convert floating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (rate vehicle floorplan payables under our Revolving Credit Facility and variable rate Real Estate Credit Facility borrowings to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (fixed rate debt. ) Tj ET Q q 0 0 0 rg BT 112.57 208.25 Td (W) Tj ET Q q 0 0 0 rg BT 121.21 208.25 Td (e entered into these swaps with several financial institutions that have investment grade credit ratings, thereby ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (minimizing the risk of credit loss. ) Tj ET Q q 0 0 0 rg BT 187.30 196.25 Td (W) Tj ET Q q 0 0 0 rg BT 195.94 196.25 Td (e reflect the current fair value of all derivatives on our Consolidated Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 535.90 196.25 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (fair value of interest rate swaps is impacted by the forward one-month LIBOR curve and the length of time to maturity of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (swap contracts. ) Tj ET Q q 0 0 0 rg BT 113.96 172.25 Td (The related gains or losses on these transactions are deferred in stockholders) Tj ET Q q 0 0 0 rg BT 422.28 172.25 Td ( equity as a component of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (accumulated other comprehensive loss. ) Tj ET Q q 0 0 0 rg BT 209.12 160.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.56 160.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.14 160.25 Td (, net unrealized losses, net of income taxes, totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.63 160.25 Td ($\(13.9\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 148.25 Td (. ) Tj ET Q q 0 0 0 rg BT 83.71 148.25 Td (These deferred gains and losses are recognized in income in the period in which the related items being hedged are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (recognized in expense. However) Tj ET Q q 0 0 0 rg BT 180.10 136.25 Td (, to the extent that the change in value of a derivative contract does not perfectly of) Tj ET Q q 0 0 0 rg BT 511.73 136.25 Td (fset the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (change in the value of the items being hedged, the inef) Tj ET Q q 0 0 0 rg BT 268.35 124.25 Td (fective portion is immediately recognized in the results of operations. ) Tj ET Q q 0 0 0 rg BT 548.00 124.25 Td (All ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (of our interest rate hedges are designated as cash flow hedges. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.46 112.25 Td (As of December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.49 112.25 Td (, all of our derivative contracts were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (determined to be ef) Tj ET Q q 0 0 0 rg BT 127.29 100.25 Td (fective. ) Tj ET Q q 0 0 0 rg BT 158.94 100.25 Td (A) Tj ET Q q 0 0 0 rg BT 165.61 100.25 Td ( 100 basis-point change in the interest rates of our swaps would have resulted in a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.97 100.25 Td ($4.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.86 100.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (change to our annual interest expense. In addition, during 2012 and 201) Tj ET Q q 0 0 0 rg BT 336.50 88.25 Td (1, we entered into ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.64 88.25 Td (ten) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.86 88.25 Td ( additional interest rate swaps with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (forward start dates between December 2014 and December 2016 and expiration dates between December 2017 and December ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 64.25 Td (2019. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.45 64.25 Td (As of December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.48 64.25 Td (, the aggregate notional value of these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.86 64.25 Td (ten) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.08 64.25 Td ( forward-starting swaps was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.05 64.25 Td ($525.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.94 64.25 Td ( and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 52.25 Td (weighted average interest rate of these swaps was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.03 52.25 Td (2.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.86 52.25 Td (.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 159 0 obj <>] /Rotate 0 /Contents 160 0 R>> endobj 160 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (77) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 72.67 742.10 Td ( summary of our interest rate swaps, including those in ef) Tj ET Q q 0 0 0 rg BT 302.16 742.10 Td (fect, as well as forward-starting, follows \(dollars in millions\).) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 712.60 225.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 712.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 712.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 712.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 712.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 712.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 712.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 712.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 712.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 712.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 712.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 712.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 712.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 712.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 524.50 712.60 37.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 697.60 225.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 712.6 m 315.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 712.6 m 319.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 712.6 m 356.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 712.6 m 360.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 712.6 m 397.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 712.6 m 401.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 712.6 m 438.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 712.6 m 442.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 712.6 m 479.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 712.6 m 483.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 712.6 m 520.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 712.6 m 524.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524.5 712.6 m 561.5 712.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 716.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 288.50 716.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.50 716.83 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.50 716.83 Td (2015) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 411.50 716.83 Td (2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.50 716.83 Td (2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 493.50 716.83 Td (2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.50 716.83 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 702.27 Td (Notional amount in effect at the end of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.00 702.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.60 702.27 Td (450) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.00 702.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.60 702.27 Td (550) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.00 702.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.60 702.27 Td (550) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.00 702.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.60 702.27 Td (600) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.00 702.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.60 702.27 Td (350) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.00 702.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.60 702.27 Td (200) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.00 702.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 702.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 687.27 Td (Weighted average interest rate during the period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.10 687.27 Td (2.63) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.65 687.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.10 687.27 Td (2.63) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.65 687.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.10 687.27 Td (2.56) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.65 687.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.10 687.27 Td (2.76) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.65 687.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.10 687.27 Td (2.69) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.65 687.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.10 687.27 Td (2.77) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.65 687.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.10 687.27 Td (2.52) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.65 687.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 665.10 Td (For) Tj ET Q q 0 0 0 rg BT 88.63 665.10 Td (eign Curr) Tj ET Q q 0 0 0 rg BT 127.43 665.10 Td (ency Exchange Rates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.88 665.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.83 665.10 Td (As of December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.86 665.10 Td (, we had dealership operations in the U.K. and Brazil. ) Tj ET Q q 0 0 0 rg BT 536.84 665.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 653.10 Td (functional currency of our U.K. subsidiaries is the British pound sterling \(\) and of our Brazil subsidiaries is the Brazilian real ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 641.10 Td (\(R$\). ) Tj ET Q q 0 0 0 rg BT 73.15 641.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.79 641.10 Td (e intend to remain permanently invested in these foreign operations and, as such, do not hedge against foreign currency ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 629.10 Td (fluctuations that may impact our investment in our U.K. and Brazil subsidiaries. If we change our intent with respect to such ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 617.10 Td (international investment, we would expect to implement strategies designed to manage those risks in an ef) Tj ET Q q 0 0 0 rg BT 474.71 617.10 Td (fort to mitigate the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 605.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 605.10 Td (fect of foreign currency fluctuations on our earnings and cash flows. ) Tj ET Q q 0 0 0 rg BT 333.05 605.10 Td (A) Tj ET Q q 0 0 0 rg BT 339.72 605.10 Td ( 10% increase in average exchange rates for the British ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 593.10 Td (poundsterling versus the U.S.dollar would have resulted in a $73.7 million increase to our revenues for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.79 593.10 Td (year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 581.10 Td (December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 581.10 Td (. ) Tj ET Q q 0 0 0 rg BT 133.03 581.10 Td (A) Tj ET Q q 0 0 0 rg BT 139.70 581.10 Td ( 10% increase in average exchange rates for the Brazilian real versus the U.S.dollar would have resulted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 569.10 Td (in a$68.6 millionincrease to our revenues for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.88 569.10 Td (year ended December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.55 569.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 545.10 Td (Item8. Financial Statements and Supplementary Data) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 527.10 Td (See our Consolidated Financial Statements beginning on pageF-1 for the information required by this Item.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.58 527.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 503.10 Td (Item9. Changes in and Disagr) Tj ET Q q 0 0 0 rg BT 179.28 503.10 Td (eements ) Tj ET Q q 0 0 0 rg BT 216.03 503.10 Td (W) Tj ET Q q 0 0 0 rg BT 225.84 503.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 239.46 503.10 Td (Accountants on ) Tj ET Q q 0 0 0 rg BT 307.81 503.10 Td (Accounting and Financial Disclosur) Tj ET Q q 0 0 0 rg BT 460.15 503.10 Td (e) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 485.10 Td (None.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 98.16 485.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 161 0 obj <>] /Rotate 0 /Contents 162 0 R>> endobj 162 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (78) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.25 Td (Item9A. Contr) Tj ET Q q 0 0 0 rg BT 115.08 736.25 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 158.24 736.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 187.50 736.25 Td (es) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Evaluation of Disclosur) Tj ET Q q 0 0 0 rg BT 149.83 718.25 Td (e Contr) Tj ET Q q 0 0 0 rg BT 182.14 718.25 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 225.30 718.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 254.56 718.25 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 700.25 Td (As required by Rule13a-15\(b\) under the Exchange ) Tj ET Q q 0 0 0 rg BT 280.60 700.25 Td (Act, we have evaluated, under the supervision and with the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (participation of our management, including our principal executive of) Tj ET Q q 0 0 0 rg BT 328.89 688.25 Td (ficer and principal financial of) Tj ET Q q 0 0 0 rg BT 450.32 688.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 468.23 688.25 Td (, the ef) Tj ET Q q 0 0 0 rg BT 495.54 688.25 Td (fectiveness of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (the design and operation of our disclosure controls and procedures \(as defined in Rules13a-15\(e\) or 15d-15\(e\) under the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 91.37 664.25 Td (Act\) as of the end of the period covered by this Form10-K. Our disclosure controls and procedures are designed to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (provide reasonable assurance that the information required to be disclosed by us in reports that we file or submit under the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 91.37 640.25 Td (Act is accumulated and communicated to our management, including our principal executive of) Tj ET Q q 0 0 0 rg BT 474.12 640.25 Td (ficer and principal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (financial of) Tj ET Q q 0 0 0 rg BT 95.63 628.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 113.54 628.25 Td (, as appropriate, to allow timely decisions regarding required disclosure and is recorded, processed, summarized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (and reported within the time periods specified in the rules and forms of the SEC. Based upon this evaluation, our principal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (executive of) Tj ET Q q 0 0 0 rg BT 98.96 604.25 Td (ficer and principal financial of) Tj ET Q q 0 0 0 rg BT 220.39 604.25 Td (ficer concluded that our disclosure controls and procedures were ef) Tj ET Q q 0 0 0 rg BT 488.71 604.25 Td (fective as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.58 592.25 Td ( at the reasonable assurance level.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 574.25 Td (Our management, including the principal executive of) Tj ET Q q 0 0 0 rg BT 290.13 574.25 Td (ficer and the principal financial of) Tj ET Q q 0 0 0 rg BT 426.28 574.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 444.19 574.25 Td (, does not expect that our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (disclosure controls and procedures can prevent all possible errors or fraud. ) Tj ET Q q 0 0 0 rg BT 349.90 562.25 Td (A) Tj ET Q q 0 0 0 rg BT 356.57 562.25 Td ( control system, no matter how well conceived and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (operated, can provide only reasonable, not absolute, assurance that objectives of the control system are met. ) Tj ET Q q 0 0 0 rg BT 483.56 550.25 Td (There are inherent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (limitations in all control systems, including the realities that judgments in decision-making can be faulty) Tj ET Q q 0 0 0 rg BT 466.77 538.25 Td (, and that breakdowns ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (can occur because of simple errors or mistakes. ) Tj ET Q q 0 0 0 rg BT 241.32 526.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 291.22 526.25 Td (, controls can be circumvented by the intentional acts of one or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (more persons. ) Tj ET Q q 0 0 0 rg BT 108.42 514.25 Td (The design of any system of controls is based in part upon certain assumptions about the likelihood of future ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (events, and while our disclosure controls and procedures are designed to be ef) Tj ET Q q 0 0 0 rg BT 361.66 502.25 Td (fective under circumstances where they should ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (reasonably be expected to operate ef) Tj ET Q q 0 0 0 rg BT 195.58 490.25 Td (fectively) Tj ET Q q 0 0 0 rg BT 229.91 490.25 Td (, there can be no assurance that any design will succeed in achieving its stated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (goals under all potential future conditions. Because of the inherent limitations in any control system, misstatements due to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (possible errors or fraud may occur and not be detected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (Changes in Internal Contr) Tj ET Q q 0 0 0 rg BT 162.89 448.25 Td (ol over) Tj ET Q q 0 0 0 rg BT 191.86 448.25 Td ( Financial Reporting) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 430.25 Td (During the three months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.36 430.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.94 430.25 Td (, there was no change in our system of internal control over financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (reporting \(as defined in Rules13a-15\(f\) or 15d-15\(f\) under the Exchange ) Tj ET Q q 0 0 0 rg BT 344.62 418.25 Td (Act\) that has materially af) Tj ET Q q 0 0 0 rg BT 448.84 418.25 Td (fected, or is reasonably ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (likely to materially af) Tj ET Q q 0 0 0 rg BT 136.18 406.25 Td (fect, our internal control over financial reporting.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (Management) Tj ET Q q 0 0 0 rg BT 109.06 388.25 Td (s ) Tj ET Q q 0 0 0 rg BT 114.90 388.25 Td (Annual Report on Internal Contr) Tj ET Q q 0 0 0 rg BT 257.50 388.25 Td (ol over) Tj ET Q q 0 0 0 rg BT 286.48 388.25 Td ( Financial Reporting) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 370.25 Td (Our management is responsible for establishing and maintaining adequate internal control over financial reporting \(as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (defined in Rules13a-15\(f\) or 15d-15\(f\) under the Exchange ) Tj ET Q q 0 0 0 rg BT 291.31 358.25 Td (Act\). Our internal control over financial reporting is a process ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (designed by management, under the supervision of our principal executive of) Tj ET Q q 0 0 0 rg BT 358.89 346.25 Td (ficer and principal financial of) Tj ET Q q 0 0 0 rg BT 480.32 346.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 498.23 346.25 Td (, to provide ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (purposes in accordance with accounting principles generally accepted in the U.S., and includes those policies and procedures ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (that:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 292.25 Td (\(i\)pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (dispositions of our assets;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 262.25 Td (\(ii\)provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (statements in accordance with accounting principles generally accepted in the U.S., and that our receipts and expenditures are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (being made only in accordance with authorizations of management and our directors;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 220.25 Td (\(iii\)provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (disposition of our assets that could have a material ef) Tj ET Q q 0 0 0 rg BT 262.26 208.25 Td (fect on our Consolidated Financial Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 190.25 Td (Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (Also, projections of any evaluation of ef) Tj ET Q q 0 0 0 rg BT 211.16 178.25 Td (fectiveness to future periods are subject to the risk that controls may become ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (inadequate because of changes in conditions, or that the degree of compliance with the policies and procedures may deteriorate. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 99.34 154.25 Td (, even ef) Tj ET Q q 0 0 0 rg BT 133.30 154.25 Td (fective internal control over financial reporting can only provide reasonable assurance of achieving their ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (control objectives.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 124.25 Td (In February 2013, the Company purchased all of the outstanding stock of UAB Motors. For purposes of determining the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 112.25 Td (fectiveness of the Company's internal control over financial reporting, as disclosed in this report, management has excluded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (the internal controls of UAB from its evaluation. ) Tj ET Q q 0 0 0 rg BT 247.28 100.25 Td (The acquired business represented approximately 8.9% and 16.5% of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (consolidated total and net assets, respectively) Tj ET Q q 0 0 0 rg BT 230.96 88.25 Td (, at December 31, 2013, and 8.5% of consolidated revenues and \(1.2\)% of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (consolidated net income for the year ended December 31, 2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 58.25 Td (Our management, under the supervision and with the participation of our principal executive of) Tj ET Q q 0 0 0 rg BT 455.37 58.25 Td (ficer and principal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (financial of) Tj ET Q q 0 0 0 rg BT 95.63 46.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 113.54 46.25 Td (, assessed the ef) Tj ET Q q 0 0 0 rg BT 177.23 46.25 Td (fectiveness of our internal control over financial reporting as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.25 46.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.83 46.25 Td (. In making ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 163 0 obj <>] /Rotate 0 /Contents 164 0 R>> endobj 164 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (79) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (this assessment, management used the criteria set forth by the Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 415.30 742.10 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 488.71 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 494.46 742.10 Td (readway ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Commission \(COSO\) in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 149.18 730.10 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 206.87 730.10 Td (ol-Integrated Framework) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.79 730.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 712.10 Td (Based on our evaluation under the framework in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 270.05 712.10 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 327.74 712.10 Td (ol-Integrated Framework) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.66 712.10 Td (, our management concluded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (that, as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.66 700.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.24 700.10 Td (, our internal control over financial reporting was ef) Tj ET Q q 0 0 0 rg BT 377.48 700.10 Td (fective.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 682.10 Td (Ernst& ) Tj ET Q q 0 0 0 rg BT 107.52 682.10 Td (Y) Tj ET Q q 0 0 0 rg BT 113.74 682.10 Td (oung LLP) Tj ET Q q 0 0 0 rg BT 152.91 682.10 Td (, the independent registered accounting firm who audited the Consolidated Financial Statements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (included in this Form10-K, has issued an attestation report on our internal control over financial reporting. ) Tj ET Q q 0 0 0 rg BT 480.55 670.10 Td (This report, dated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (March3, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.60 658.10 Td (, appears on the following page.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 236.62 658.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 623.30 Td (Item9B. Other) Tj ET Q q 0 0 0 rg BT 114.53 623.30 Td ( Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 605.30 Td (None.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 165 0 obj <>] /Rotate 0 /Contents 166 0 R>> endobj 166 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (80) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 181.05 736.25 Td (Report of Independent Register) Tj ET Q q 0 0 0 rg BT 316.13 736.25 Td (ed Public ) Tj ET Q q 0 0 0 rg BT 357.81 736.25 Td (Accounting Firm) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (The Board of Directors and Stockholders of Group 1 ) Tj ET Q q 0 0 0 rg BT 263.01 718.25 Td (Automotive, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 700.25 Td (e have audited Group 1 ) Tj ET Q q 0 0 0 rg BT 153.89 700.25 Td (Automotive, Inc. and subsidiaries) Tj ET Q q 0 0 0 rg BT 291.17 700.25 Td ( internal control over financial reporting as of December31, 2013, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (based on criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 510.82 688.25 Td (ganizations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (of the ) Tj ET Q q 0 0 0 rg BT 75.37 676.25 Td (T) Tj ET Q q 0 0 0 rg BT 81.12 676.25 Td (readway Commission \(1992 framework\) \(the COSO criteria\). Group 1 ) Tj ET Q q 0 0 0 rg BT 364.95 676.25 Td (Automotive, Inc. and subsidiaries) Tj ET Q q 0 0 0 rg BT 502.23 676.25 Td ( management ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (is responsible for maintaining ef) Tj ET Q q 0 0 0 rg BT 179.23 664.25 Td (fective internal control over financial reporting, and for its assessment of the ef) Tj ET Q q 0 0 0 rg BT 495.33 664.25 Td (fectiveness of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (internal control over financial reporting included in the accompanying Management) Tj ET Q q 0 0 0 rg BT 388.49 652.25 Td (s ) Tj ET Q q 0 0 0 rg BT 394.33 652.25 Td (Annual Report on Internal Control over ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (Financial Reporting. Our responsibility is to express an opinion on the company) Tj ET Q q 0 0 0 rg BT 373.29 640.25 Td (s internal control over financial reporting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (based on our audit.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 610.25 Td (e conducted our audit in accordance with the standards of the Public Company ) Tj ET Q q 0 0 0 rg BT 374.94 610.25 Td (Accounting Oversight Board \(United States\). ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (Those standards require that we plan and perform the audit to obtain reasonable assurance about whether ef) Tj ET Q q 0 0 0 rg BT 479.66 598.25 Td (fective internal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (control over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (operating ef) Tj ET Q q 0 0 0 rg BT 97.85 562.25 Td (fectiveness of internal control based on the assessed risk, and performing such other procedures as we considered ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (necessary in the circumstances. ) Tj ET Q q 0 0 0 rg BT 177.82 550.25 Td (W) Tj ET Q q 0 0 0 rg BT 186.46 550.25 Td (e believe that our audit provides a reasonable basis for our opinion.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 532.25 Td ( company) Tj ET Q q 0 0 0 rg BT 98.60 532.25 Td (s internal control over financial reporting is a process designed to provide reasonable assurance regarding the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (accepted accounting principles. ) Tj ET Q q 0 0 0 rg BT 177.72 508.25 Td (A) Tj ET Q q 0 0 0 rg BT 184.39 508.25 Td ( company) Tj ET Q q 0 0 0 rg BT 226.33 508.25 Td (s internal control over financial reporting includes those policies and procedures ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (that \(1\)pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (dispositions of the assets of the company; \(2\)provide reasonable assurance that transactions are recorded as necessary to permit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (expenditures of the company are being made only in accordance with authorizations of management and directors of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (company; and \(3\)provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (disposition of the company) Tj ET Q q 0 0 0 rg BT 161.38 436.25 Td (s assets that could have a material ef) Tj ET Q q 0 0 0 rg BT 306.97 436.25 Td (fect on the financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. ) Tj ET Q q 0 0 0 rg BT 518.20 418.25 Td (Also, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (projections of any evaluation of ef) Tj ET Q q 0 0 0 rg BT 187.27 406.25 Td (fectiveness to future periods are subject to the risk that controls may become inadequate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (As indicated in the accompanying Management) Tj ET Q q 0 0 0 rg BT 243.55 376.25 Td (s ) Tj ET Q q 0 0 0 rg BT 249.39 376.25 Td (Annual Report on Internal Control over Financial Reporting, management) Tj ET Q q 0 0 0 rg BT 549.04 376.25 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (assessment of and conclusion on the ef) Tj ET Q q 0 0 0 rg BT 205.34 364.25 Td (fectiveness of internal control over financial reporting did not include the internal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (controls of UAB Motors, which is included in the 2013 consolidated financial statements of Group 1 ) Tj ET Q q 0 0 0 rg BT 454.65 352.25 Td (Automotive, Inc. and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (subsidiaries and constituted 8.9% and 16.5% of total and net assets, respectively) Tj ET Q q 0 0 0 rg BT 370.39 340.25 Td (, as of December 31, 2013 and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 492.57 340.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.07 340.25 Td (8.5% and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (\(1.2%\) of revenues and net income, respectively) Tj ET Q q 0 0 0 rg BT 242.61 328.25 Td (, for the year then ended. Our audit of internal control over financial reporting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (of) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 58.33 316.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.83 316.25 Td (Group 1 ) Tj ET Q q 0 0 0 rg BT 95.83 316.25 Td (Automotive, Inc. and subsidiaries also did not include an evaluation of the internal control over financial reporting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (of UAB Motors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (In our opinion, Group 1 ) Tj ET Q q 0 0 0 rg BT 147.22 286.25 Td (Automotive, Inc. and subsidiaries maintained, in all material respects, ef) Tj ET Q q 0 0 0 rg BT 436.67 286.25 Td (fective internal control over ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (financial reporting as of December31, 2013, based on the COSO criteria.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 256.25 Td (e also have audited, in accordance with the standards of the Public Company ) Tj ET Q q 0 0 0 rg BT 367.44 256.25 Td (Accounting Oversight Board \(United States\), ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (the consolidated balance sheets of Group 1 ) Tj ET Q q 0 0 0 rg BT 223.56 244.25 Td (Automotive, Inc. and subsidiaries as of December31, 2013 and 2012, and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (related consolidated statements of operations, comprehensive income, stockholders) Tj ET Q q 0 0 0 rg BT 385.54 232.25 Td ( equity) Tj ET Q q 0 0 0 rg BT 412.39 232.25 Td (, and cash flows for each of the three ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (years in the period ended December31, 2013 of Group 1 ) Tj ET Q q 0 0 0 rg BT 279.93 220.25 Td (Automotive, Inc. and subsidiaries and our report dated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.43 220.25 Td (March3, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.03 220.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (expressed an unqualified opinion thereon.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (/s/ Ernst & ) Tj ET Q q 0 0 0 rg BT 95.46 190.25 Td (Y) Tj ET Q q 0 0 0 rg BT 101.68 190.25 Td (oung LLP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (Houston, ) Tj ET Q q 0 0 0 rg BT 88.71 172.25 Td (T) Tj ET Q q 0 0 0 rg BT 94.12 172.25 Td (exas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (March3, 2014) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 167 0 obj <>] /Rotate 0 /Contents 168 0 R>> endobj 168 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (81) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 285.90 736.25 Td (P) Tj ET Q q 0 0 0 rg BT 291.27 736.25 Td (AR) Tj ET Q q 0 0 0 rg BT 305.36 736.25 Td (T) Tj ET Q q 0 0 0 rg BT 311.85 736.25 Td (III) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 326.02 736.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Item10. Dir) Tj ET Q q 0 0 0 rg BT 101.75 718.25 Td (ectors, Executive Officers and Corporate Governance) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 74.00 700.25 Td (Code of Ethics) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.00 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 121.64 682.25 Td (e have adopted a Code of Ethics for Specified Of) Tj ET Q q 0 0 0 rg BT 317.78 682.25 Td (ficers, which is applicable to our principal executive of) Tj ET Q q 0 0 0 rg BT 537.79 682.25 Td (ficer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 670.25 Td (and other senior financial of) Tj ET Q q 0 0 0 rg BT 189.55 670.25 Td (ficers, who include our principal financial of) Tj ET Q q 0 0 0 rg BT 367.92 670.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 385.83 670.25 Td (, principal accounting of) Tj ET Q q 0 0 0 rg BT 483.40 670.25 Td (ficer or controller) Tj ET Q q 0 0 0 rg BT 553.51 670.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 658.25 Td (and persons performing similar functions. ) Tj ET Q q 0 0 0 rg BT 246.79 658.25 Td (The Code, which we refer to as our Financial Code of Ethics, is available on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 646.25 Td (our internet website at ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 168.64 646.25 Td (www) Tj ET Q q 0 0 0 rg BT 187.90 646.25 Td (.gr) Tj ET Q q 0 0 0 rg BT 198.92 646.25 Td (oup1auto.com) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.86 646.25 Td (. ) Tj ET Q q 0 0 0 rg BT 260.68 646.25 Td (T) Tj ET Q q 0 0 0 rg BT 266.09 646.25 Td (o the extent required by SEC rules, we intend to disclose any ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 634.25 Td (amendments to this code and any waiver of a provision of the code for the benefit of our principal executive of) Tj ET Q q 0 0 0 rg BT 520.00 634.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 537.92 634.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 622.25 Td (principal financial of) Tj ET Q q 0 0 0 rg BT 160.67 622.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 178.59 622.25 Td (, principal accounting of) Tj ET Q q 0 0 0 rg BT 276.15 622.25 Td (ficer or controller) Tj ET Q q 0 0 0 rg BT 346.27 622.25 Td (, or persons performing similar functions, on our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 610.25 Td (website within four business days following any such amendment of waiver) Tj ET Q q 0 0 0 rg BT 380.43 610.25 Td (, or within any other period that may be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 598.25 Td (required under SEC rules from time to time.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 253.63 598.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.00 580.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 150.46 580.25 Td (to ) Tj ET Q q 0 0 0 rg BT 160.71 580.25 Td (Instruction ) Tj ET Q q 0 0 0 rg BT 206.49 580.25 Td (G ) Tj ET Q q 0 0 0 rg BT 216.18 580.25 Td (to ) Tj ET Q q 0 0 0 rg BT 226.42 580.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 250.55 580.25 Td (10-K, ) Tj ET Q q 0 0 0 rg BT 276.07 580.25 Td (we ) Tj ET Q q 0 0 0 rg BT 290.19 580.25 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 338.19 580.25 Td (by ) Tj ET Q q 0 0 0 rg BT 350.65 580.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 390.30 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.98 580.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 447.98 580.25 Td (information ) Tj ET Q q 0 0 0 rg BT 497.66 580.25 Td (required ) Tj ET Q q 0 0 0 rg BT 533.44 580.25 Td (for ) Tj ET Q q 0 0 0 rg BT 547.56 580.25 Td (this ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 568.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 97.26 568.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 109.19 568.25 Td (from ) Tj ET Q q 0 0 0 rg BT 130.55 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.70 568.25 Td (information ) Tj ET Q q 0 0 0 rg BT 193.84 568.25 Td (to ) Tj ET Q q 0 0 0 rg BT 203.55 568.25 Td (be ) Tj ET Q q 0 0 0 rg BT 214.92 568.25 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 254.07 568.25 Td (in ) Tj ET Q q 0 0 0 rg BT 263.78 568.25 Td (our ) Tj ET Q q 0 0 0 rg BT 279.04 568.25 Td (definitive ) Tj ET Q q 0 0 0 rg BT 319.29 568.25 Td (proxy ) Tj ET Q q 0 0 0 rg BT 344.55 568.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 384.80 568.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 421.70 568.25 Td (in ) Tj ET Q q 0 0 0 rg BT 431.41 568.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 477.21 568.25 Td (with ) Tj ET Q q 0 0 0 rg BT 496.92 568.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.07 568.25 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.07 568.25 Td ( ) Tj ET Q q 0 0 0 rg BT 532.57 568.25 Td (Annual ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 556.25 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 112.83 556.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.66 556.25 Td (Stockholders, ) Tj ET Q q 0 0 0 rg BT 180.87 556.25 Td (which ) Tj ET Q q 0 0 0 rg BT 207.81 556.25 Td (will ) Tj ET Q q 0 0 0 rg BT 225.87 556.25 Td (be ) Tj ET Q q 0 0 0 rg BT 237.81 556.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 258.63 556.25 Td (with ) Tj ET Q q 0 0 0 rg BT 278.91 556.25 Td (the ) Tj ET Q q 0 0 0 rg BT 293.63 556.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 314.47 556.25 Td (within ) Tj ET Q q 0 0 0 rg BT 342.52 556.25 Td (120 ) Tj ET Q q 0 0 0 rg BT 360.02 556.25 Td (days ) Tj ET Q q 0 0 0 rg BT 380.85 556.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.68 556.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 450.27 556.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.27 556.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (Item1) Tj ET Q q 0 0 0 rg BT 76.94 532.25 Td (1. Executive Compensation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 514.25 Td (Pursuant to Instruction G to Form 10-K, we incorporate by reference into this Item1) Tj ET Q q 0 0 0 rg BT 437.16 514.25 Td (1 the information to be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (disclosed in our definitive proxy statement prepared in connection with the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.42 502.25 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.42 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 374.37 502.25 Td (Annual Meeting of Stockholders, which will ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (be filed with the SEC within 120 days of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.82 490.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.40 490.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (Item12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder) Tj ET Q q 0 0 0 rg BT 484.51 466.25 Td ( Matters) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 448.25 Td (Pursuant to Instruction G to Form 10-K, we incorporate by reference into this Item12 the information to be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (disclosed in our definitive proxy statement prepared in connection with the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.42 436.25 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.42 436.25 Td ( ) Tj ET Q q 0 0 0 rg BT 374.37 436.25 Td (Annual Meeting of Stockholders, which will ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (be filed with the SEC within 120 days of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.82 424.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.40 424.25 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 296.90 424.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (Item13. Certain Relationships and Related ) Tj ET Q q 0 0 0 rg BT 236.76 400.25 Td (T) Tj ET Q q 0 0 0 rg BT 242.69 400.25 Td (ransactions, and Dir) Tj ET Q q 0 0 0 rg BT 329.46 400.25 Td (ector) Tj ET Q q 0 0 0 rg BT 350.93 400.25 Td ( Independence) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 382.25 Td (Pursuant to Instruction G to Form 10-K, we incorporate by reference into this Item13 the information to be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (disclosed in our definitive proxy statement prepared in connection with the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.42 370.25 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.42 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 374.37 370.25 Td (Annual Meeting of Stockholders, which will ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (be filed with the SEC within 120 days of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.82 358.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.40 358.25 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 296.90 358.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (Item14. Principal ) Tj ET Q q 0 0 0 rg BT 128.88 334.25 Td (Accounting Fees and Services) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 316.25 Td (Pursuant to Instruction G to Form 10-K, we incorporate by reference into this Item14 the information to be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (disclosed in our definitive proxy statement prepared in connection with the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.42 304.25 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.42 304.25 Td ( ) Tj ET Q q 0 0 0 rg BT 374.37 304.25 Td (Annual Meeting of Stockholders, which will ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (be filed with the SEC within 120 days of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.82 292.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.40 292.25 Td (.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 169 0 obj <>] /Rotate 0 /Contents 170 0 R>> endobj 170 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (82) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 286.20 736.25 Td (P) Tj ET Q q 0 0 0 rg BT 291.57 736.25 Td (AR) Tj ET Q q 0 0 0 rg BT 305.66 736.25 Td (T) Tj ET Q q 0 0 0 rg BT 312.15 736.25 Td (IV) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.76 736.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Item15. Exhibits, Financial Statement Schedules) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.62 718.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 700.25 Td (\(a\) List of documents filed as part of this Form10-K:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.95 682.25 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.99 682.25 Td ( Financial Statements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.00 664.25 Td (The financial statements listed in the accompanying Index to Financial Statements are filed as part of this ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.00 652.25 Td (Form10-K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.95 634.25 Td (\(2\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.99 634.25 Td ( Financial Statement Schedules) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.00 616.25 Td (All schedules have been omitted since the required information is not present or not present in amounts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.00 604.25 Td (suf) Tj ET Q q 0 0 0 rg BT 152.04 604.25 Td (ficient to require submission of the schedule, or because the information required is included in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.00 592.25 Td (Consolidated Financial Statements and notes thereto.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.95 574.25 Td (\(3\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.99 574.25 Td ( Index to Exhibits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.00 556.25 Td (Those exhibits required to be filed by Item601 of Regulation S-K are listed in the Exhibit Index ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.00 544.25 Td (immediately preceding the exhibits filed herewith and such listing is incorporated herein by reference.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 171 0 obj <>] /Rotate 0 /Contents 172 0 R>> endobj 172 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (83) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.85 736.25 Td (SIGNA) Tj ET Q q 0 0 0 rg BT 304.78 736.25 Td (TURES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 718.25 Td (Pursuant to the requirements of Section13 or 15\(d\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 390.87 718.25 Td (Act of 1934, the registrant has duly caused ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (this report to be signed on its behalf by the undersigned, thereunto duly authorized on the 3rdday of March, 2014.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 646.75 m 562.5 646.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.00 680.32 Td (Group 1 Automotive, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.00 651.32 Td (By:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.00 651.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.00 651.32 Td (/s/ Earl J. Hesterberg) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.00 637.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.00 637.32 Td (Earl J. Hesterberg) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.00 623.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.00 623.32 Td (President and Chief Executive Officer) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 601.25 Td (Pursuant to the requirements of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 300.05 601.25 Td (Act of 1934, this report has been signed below by the following ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 589.25 Td (persons on behalf of the registrant in the capacities indicated on the 3rdday of March, 2014.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 530.75 m 306.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 485.75 m 306.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 440.75 m 306.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 395.75 m 306.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 350.75 m 306.5 350.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 305.75 m 306.5 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 260.75 m 306.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 215.75 m 306.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 170.75 m 306.5 170.75 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 161.40 564.83 Td (Signature) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.00 564.70 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 435.55 564.83 Td (Title) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.90 535.42 Td (/s/ Earl J. 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0.9333333333333333 1 rg /GS0 gs 480.50 435.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 435.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 407.60 350.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 407.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 407.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 407.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 407.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 379.60 350.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 379.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 379.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 379.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 379.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 351.60 350.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 351.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 351.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 351.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 351.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 323.60 350.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 323.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 323.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 323.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 323.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 295.60 350.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 295.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 295.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 295.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 295.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 267.60 350.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 267.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 267.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 267.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 267.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 229.60 350.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 229.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 229.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 229.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 229.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 201.60 350.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 201.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 201.60 77.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 201.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 201.60 77.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 155.60 350.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 155.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 155.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 155.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 155.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 127.60 350.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 127.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 127.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 127.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 127.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 99.60 350.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 99.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 99.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 99.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 99.60 77.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 682.6 m 480.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 682.6 m 561.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 547.6 m 480.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 547.6 m 561.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 533.6 m 480.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 533.6 m 561.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 477.6 m 480.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 477.6 m 561.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 464.6 m 480.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 462.6 m 480.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 464.6 m 561.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 462.6 m 561.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 351.6 m 480.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 351.6 m 561.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 337.6 m 480.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 337.6 m 561.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 99.60000000000002 m 480.5 99.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 99.60000000000002 m 561.5 99.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 85.60000000000002 m 480.5 85.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 85.60000000000002 m 561.5 85.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 72.60000000000002 m 480.5 72.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 70.60000000000002 m 480.5 70.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 85.60000000000002 m 561.5 85.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 72.60000000000002 m 561.5 72.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 70.60000000000002 m 561.5 70.60000000000002 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.25 686.83 Td (December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.25 686.83 Td (December 31, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 663.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.95 671.83 Td (\(In thousands, except per) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.70 663.83 Td (shar) Tj ET Q q 0 0 0 rg BT 470.67 663.83 Td (e amounts\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 286.35 650.33 Td (ASSETS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 636.17 Td (CURRENT ASSETS:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 622.17 Td (Cash and cash equivalents) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.00 622.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 622.17 Td (20,215) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.00 622.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 622.17 Td (4,650) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 608.17 Td (Contracts-in-transit and vehicle receivables, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 608.17 Td (225,156) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 608.17 Td (204,396) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 594.17 Td (Accounts and notes receivable, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 594.17 Td (135,058) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 594.17 Td (111,228) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 580.17 Td (Inventories, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.65 580.17 Td (1,542,318) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.65 580.17 Td (1,194,288) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 566.17 Td (Deferred income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 566.17 Td (21,150) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 566.17 Td (19,750) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 552.17 Td (Prepaid expenses and other current assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 552.17 Td (24,041) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 552.17 Td (31,869) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 538.17 Td (Total current assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.65 538.17 Td (1,967,938) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.65 538.17 Td (1,566,181) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 524.17 Td (PROPERTY AND EQUIPMENT, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 524.17 Td (796,356) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 524.17 Td (667,768) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 510.17 Td (GOODWILL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 510.17 Td (737,303) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 510.17 Td (582,384) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 496.17 Td (INTANGIBLE FRANCHISE RIGHTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 496.17 Td (301,505) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 496.17 Td (196,058) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 482.17 Td (OTHER ASSETS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 482.17 Td (16,376) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 482.17 Td (10,624) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 468.17 Td (Total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.00 468.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.65 468.17 Td (3,819,478) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.00 468.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.65 468.17 Td (3,023,015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 197.10 454.33 Td (LIABILITIES AND STOCKHOLDERS EQUITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 440.17 Td (CURRENT LIABILITIES:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 426.17 Td (Floorplan notes payable credit facility and other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.00 426.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.65 426.17 Td (1,143,104) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.00 426.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 426.17 Td (968,959) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.00 412.17 Td (Offset account related to floorplan notes payable - credit facility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.80 412.22 Td (\(56,198) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 412.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.80 412.22 Td (\(112,261) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 412.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 398.17 Td (Floorplan notes payable manufacturer affiliates) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 398.17 Td (346,572) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 398.17 Td (211,965) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 384.17 Td (Current maturities of long-term debt and short-term financing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 384.17 Td (36,225) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 384.17 Td (31,358) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 370.17 Td (Accounts payable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 370.17 Td (254,930) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 370.17 Td (167,439) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 356.17 Td (Accrued expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 356.17 Td (140,543) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 356.17 Td (128,118) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 342.17 Td (Total current liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.65 342.17 Td (1,865,176) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.65 342.17 Td (1,395,578) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 328.17 Td (LONG-TERM DEBT, net of current maturities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 328.17 Td (663,689) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 328.17 Td (555,016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 314.17 Td (DEFERRED INCOME TAXES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 314.17 Td (152,291) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 314.17 Td (94,130) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 300.17 Td (LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 300.17 Td (26,078) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 300.17 Td (43,089) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 286.17 Td (OTHER LIABILITIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 286.17 Td (47,975) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 286.17 Td (42,413) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 272.17 Td (COMMITMENTS AND CONTINGENCIES \(NOTE 14\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 244.17 Td (TEMPORARY EQUITY - Redeemable equity portion of the 3.00% Convertible) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 234.17 Td (Senior Notes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 234.27 Td (29,094) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 234.27 Td (32,505) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 206.17 Td (STOCKHOLDERS EQUITY:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 192.17 Td (Preferred stock, $0.01 par value, 1,000 shares authorized; none issued or) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 182.17 Td (outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.65 183.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 183.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 169.17 Td (Common stock, $0.01 par value, 50,000 shares authorized; 25,746 and 25,836) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 159.17 Td (issued, respectively) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.65 160.27 Td (257) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 160.27 Td (258) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 146.17 Td (Additional paid-in capital) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 146.17 Td (368,641) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 146.17 Td (332,836) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 132.17 Td (Retained earnings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 132.17 Td (776,101) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 132.17 Td (677,864) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 118.17 Td (Accumulated other comprehensive loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.80 118.22 Td (\(51,677) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 118.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.80 118.22 Td (\(33,057) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 118.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 104.17 Td (Treasury stock, at cost; 1,432 and 3,110 shares, respectively) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.80 104.22 Td (\(58,147) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 104.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.80 104.22 Td (\(117,617) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 104.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 90.17 Td (Total stockholders equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.65 90.17 Td (1,035,175) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 90.17 Td (860,284) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 76.17 Td (Total liabilities and stockholders equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.00 76.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.65 76.17 Td (3,819,478) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.00 76.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.65 76.17 Td (3,023,015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 563.00 72.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.30 48.10 Td (The accompanying notes are an integral part of these consolidated financial statements.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 179 0 obj <>] /Rotate 0 /Contents 180 0 R>> endobj 180 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.05 31.60 Td (F-4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 187.00 736.25 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 736.25 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 736.25 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 736.25 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 736.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 189.15 718.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 248.97 718.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 283.52 718.25 Td (A) Tj ET Q q 0 0 0 rg BT 290.00 718.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 354.92 718.25 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 391.68 718.25 Td (TIONS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 701.45 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 642.95 263.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 642.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 642.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 642.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 642.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 642.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 642.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 610.95 263.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 610.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 610.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 610.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 610.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 610.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 610.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 578.95 263.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 578.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 578.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 578.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 578.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 578.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 578.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 546.95 263.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 546.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 546.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 546.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 546.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 546.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 546.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 514.95 263.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 514.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 514.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 514.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 514.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 514.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 514.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 482.95 263.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 482.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 482.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 482.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 482.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 482.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 482.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 450.95 263.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 450.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 450.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 450.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 450.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 450.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 450.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 418.95 263.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 418.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 418.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 418.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 418.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 418.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 418.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 386.95 263.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 386.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 386.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 386.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 386.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 386.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 386.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 354.95 263.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 354.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 354.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 354.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 354.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 354.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 354.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 322.95 263.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 322.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 322.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 322.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 322.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 322.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 322.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 290.95 263.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 290.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 290.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 290.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 290.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 290.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 290.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 258.95 263.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 258.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 258.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 258.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 258.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 258.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 258.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 226.95 263.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 226.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 226.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 226.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 226.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 226.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 226.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 194.95 263.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 194.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 194.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 194.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 194.95 79.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 194.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 194.95 79.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 670.95 m 396.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 670.95 m 400.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 670.95 m 479.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 670.95 m 483.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 670.95 m 562.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 670.95 m 396.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 656.95 m 396.5 656.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 670.95 m 400.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 670.95 m 479.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 656.95 m 479.5 656.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 670.95 m 483.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 670.95 m 562.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 656.95 m 562.5 656.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 546.95 m 396.5 546.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 546.95 m 479.5 546.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 546.95 m 562.5 546.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 546.95 m 479.5 546.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 450.95000000000005 m 396.5 450.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 450.95000000000005 m 479.5 450.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 450.95000000000005 m 562.5 450.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 434.95000000000005 m 396.5 434.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 434.95000000000005 m 479.5 434.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 434.95000000000005 m 562.5 434.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 370.95000000000005 m 396.5 370.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 370.95000000000005 m 479.5 370.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 370.95000000000005 m 562.5 370.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 290.95000000000005 m 396.5 290.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 290.95000000000005 m 479.5 290.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 290.95000000000005 m 562.5 290.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 258.95000000000005 m 396.5 258.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 258.95000000000005 m 479.5 258.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 258.95000000000005 m 562.5 258.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 243.95000000000005 m 396.5 243.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 241.95000000000005 m 396.5 241.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 243.95000000000005 m 479.5 243.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 241.95000000000005 m 479.5 241.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 243.95000000000005 m 562.5 243.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 241.95000000000005 m 562.5 241.95000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 675.20 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.20 675.18 Td (Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 661.20 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.50 661.18 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 431.50 661.18 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 514.70 661.18 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 647.20 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.15 647.18 Td (\(In thousands, except per share amounts\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 633.68 Td (REVENUES:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 617.52 Td (New vehicle retail sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 615.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.65 615.62 Td (5,224,921) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.00 615.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 615.62 Td (4,291,098) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.00 615.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 615.62 Td (3,402,647) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 601.52 Td (Used vehicle retail sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.65 599.62 Td (2,039,428) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 599.62 Td (1,756,918) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 599.62 Td (1,416,520) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 585.52 Td (Used vehicle wholesale sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 583.62 Td (332,185) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 583.62 Td (288,139) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 583.62 Td (251,043) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 569.52 Td (Parts and service sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.65 567.62 Td (1,010,685) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 567.62 Td (880,070) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 567.62 Td (813,819) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 553.52 Td (Finance, insurance and other, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 551.62 Td (311,362) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 551.62 Td (259,875) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 551.62 Td (195,736) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 537.52 Td (Total revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.65 535.62 Td (8,918,581) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 535.62 Td (7,476,100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 535.62 Td (6,079,765) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 521.68 Td (COST OF SALES:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 505.52 Td (New vehicle retail sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.65 503.62 Td (4,935,046) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 503.62 Td (4,043,659) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 503.62 Td (3,192,309) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 489.52 Td (Used vehicle retail sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.65 487.62 Td (1,878,549) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 487.62 Td (1,610,912) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 487.62 Td (1,291,996) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 473.52 Td (Used vehicle wholesale sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 471.62 Td (332,380) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 471.62 Td (285,695) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 471.62 Td (246,963) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 457.52 Td (Parts and service sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 455.62 Td (480,060) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 455.62 Td (418,582) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 455.62 Td (387,897) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 441.52 Td (Total cost of sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.65 439.62 Td (7,626,035) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 439.62 Td (6,358,848) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 439.62 Td (5,119,165) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 425.68 Td (GROSS PROFIT) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.65 423.62 Td (1,292,546) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 423.62 Td (1,117,252) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 423.62 Td (960,600) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 409.52 Td (SELLING, GENERAL AND ADMINISTRATIVE EXPENSES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 407.62 Td (976,856) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 407.62 Td (848,446) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 407.62 Td (735,229) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 393.52 Td (DEPRECIATION AND AMORTIZATION EXPENSE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.15 391.62 Td (35,826) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.15 391.62 Td (31,534) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 391.62 Td (27,063) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 377.52 Td (ASSET IMPAIRMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.15 375.62 Td (6,542) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.15 375.62 Td (7,276) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 375.62 Td (4,805) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 361.68 Td (INCOME FROM OPERATIONS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 359.62 Td (273,322) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 359.62 Td (229,996) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 359.62 Td (193,503) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 345.52 Td (OTHER EXPENSE:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 329.52 Td (Floorplan interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.80 327.67 Td (\(41,667) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.65 327.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.80 327.67 Td (\(31,796) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.65 327.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 327.67 Td (\(27,687) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 327.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 313.52 Td (Other interest expense, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.80 311.67 Td (\(38,971) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.65 311.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.80 311.67 Td (\(37,465) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.65 311.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 311.67 Td (\(33,722) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 311.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 297.52 Td (Other expense, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.30 295.67 Td (\(789) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.65 295.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.65 295.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 295.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 281.52 Td (INCOME BEFORE INCOME TAXES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 279.62 Td (191,895) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 279.62 Td (160,735) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 279.62 Td (132,094) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 265.52 Td (PROVISION FOR INCOME TAXES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.80 263.67 Td (\(77,903) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.65 263.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.80 263.67 Td (\(60,526) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.65 263.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 263.67 Td (\(49,700) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 263.62 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 249.68 Td (NET INCOME) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 247.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 247.62 Td (113,992) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.00 247.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 247.62 Td (100,209) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.00 247.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 247.62 Td (82,394) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 233.52 Td (BASIC EARNINGS PER SHARE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 231.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.15 231.62 Td (4.72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.00 231.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.15 231.62 Td (4.39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.00 231.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 231.62 Td (3.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 217.52 Td (Weighted average common shares outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.15 215.62 Td (23,096) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.15 215.62 Td (21,620) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 215.62 Td (22,157) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 201.52 Td (DILUTED EARNINGS PER SHARE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 199.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.15 199.62 Td (4.32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.00 199.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.15 199.62 Td (4.19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.00 199.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 199.62 Td (3.47) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 185.52 Td (Weighted average common shares outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.15 183.62 Td (25,314) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.15 183.62 Td (22,688) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 183.62 Td (22,409) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 169.68 Td (CASH DIVIDENDS PER COMMON SHARE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 167.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.15 167.62 Td (0.65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.00 167.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.15 167.62 Td (0.59) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.00 167.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 167.62 Td (0.48) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.30 55.45 Td (The accompanying notes are an integral part of these consolidated financial statements.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 181 0 obj <>] /Rotate 0 /Contents 182 0 R>> endobj 182 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.05 31.60 Td (F-5) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 185.75 742.25 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 223.81 742.25 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 233.25 742.25 Td (AUT) Tj ET Q q 0 0 0 rg BT 254.19 742.25 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 331.42 742.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 154.75 725.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 214.57 725.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 249.13 725.25 Td (A) Tj ET Q q 0 0 0 rg BT 255.60 725.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 320.52 725.25 Td ( COMPREHENSIVE INCOME) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 714.45 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 652.95 279.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 652.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 652.95 73.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 652.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 652.95 74.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 652.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 652.95 74.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 620.95 279.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 620.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 620.95 73.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 620.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 620.95 74.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 620.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 620.95 74.00 -16.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 604.95 279.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 581.95 279.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 581.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 581.95 73.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 581.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 581.95 74.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 581.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 581.95 74.00 -16.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 565.95 279.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 530.95 279.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 530.95 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 530.95 73.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 530.95 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 530.95 74.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 530.95 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 530.95 74.00 -35.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 495.95 279.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 479.95 279.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 479.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 479.95 73.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 479.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 479.95 74.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 479.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 479.95 74.00 -16.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 463.95 279.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 689.95 m 406.5 689.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 689.95 m 410.5 689.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 689.95 m 484.5 689.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 689.95 m 488.5 689.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 689.95 m 562.5 689.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 689.95 m 406.5 689.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 675.95 m 406.5 675.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 689.95 m 410.5 689.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 689.95 m 484.5 689.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 675.95 m 484.5 675.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 689.95 m 488.5 689.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 689.95 m 562.5 689.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 675.95 m 562.5 675.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 581.95 m 406.5 581.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 581.95 m 484.5 581.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 581.95 m 562.5 581.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 495.95 m 406.5 495.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 495.95 m 484.5 495.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 495.95 m 562.5 495.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 479.95 m 406.5 479.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 479.95 m 484.5 479.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 479.95 m 562.5 479.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 463.95 m 406.5 463.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 463.95 m 484.5 463.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 463.95 m 562.5 463.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 448.95 m 406.5 448.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 446.95 m 406.5 446.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 448.95 m 484.5 448.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 446.95 m 484.5 446.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 448.95 m 562.5 448.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 446.95 m 562.5 446.95 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 694.20 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 403.20 694.18 Td (Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 680.20 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 361.50 680.18 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.00 680.18 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.00 680.18 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 657.20 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.15 665.18 Td (\(In thousands, except per) Tj ET Q q 0 0 0 rg BT 480.24 665.18 Td ( shar) Tj ET Q q 0 0 0 rg BT 497.20 665.18 Td (e) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 431.45 657.18 Td (amounts\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 641.63 Td (NET INCOME) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.00 641.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.15 641.62 Td (113,992) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.00 641.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.15 641.62 Td (100,209) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.00 641.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 641.62 Td (82,394) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 625.62 Td (OTHER COMPREHENSIVE INCOME \(LOSS\):) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 609.62 Td (Foreign currency translation adjustment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.80 609.67 Td (\(31,701) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.65 609.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.15 609.62 Td (1,843) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.30 609.67 Td (\(117) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 609.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 595.52 Td (Unrealized loss on marketable securities, net of tax benefit of $0,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 585.52 Td ($5, and $25, respectively) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.65 586.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.30 586.67 Td (\(8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 586.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.30 586.67 Td (\(42) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 586.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 570.62 Td (Net unrealized gain \(loss\) on interest rate swaps:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 555.62 Td (Unrealized gain \(loss\) arising during the period, net of tax) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 545.62 Td (benefit \(provision\) of \($3,667\), $7,634, and $11,222,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 535.62 Td (respectively) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.15 535.62 Td (6,112) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.80 535.67 Td (\(12,724) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 535.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 535.67 Td (\(18,705) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 535.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 520.62 Td (Reclassification adjustment for loss included in interest) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 510.62 Td (expense, net of tax provision of $4,182, $4,241, and $5,029,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 500.62 Td (respectively) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.15 500.62 Td (6,969) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.15 500.62 Td (7,068) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 500.62 Td (8,383) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 484.62 Td (Net unrealized gain \(loss\) on interest rate swaps, net of tax) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.15 484.62 Td (13,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.80 484.67 Td (\(5,656) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 484.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 484.67 Td (\(10,322) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 484.62 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 468.63 Td (OTHER COMPREHENSIVE LOSS, NET OF TAXES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.80 468.67 Td (\(18,620) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.65 468.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.80 468.67 Td (\(3,821) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 468.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 468.67 Td (\(10,481) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 468.62 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 452.63 Td (COMPREHENSIVE INCOME) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.00 452.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.15 452.62 Td (95,372) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.00 452.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.15 452.62 Td (96,388) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.00 452.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 452.62 Td (71,913) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.30 64.45 Td (The accompanying notes are an integral part of these consolidated financial statements.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 183 0 obj <>] /Rotate 0 /Contents 184 0 R>> endobj 184 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.05 31.60 Td (F-6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 192.75 736.25 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 230.81 736.25 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 240.25 736.25 Td (AUT) Tj ET Q q 0 0 0 rg BT 261.19 736.25 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 338.42 736.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 164.90 721.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 224.72 721.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 259.27 721.25 Td (A) Tj ET Q q 0 0 0 rg BT 265.75 721.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 330.67 721.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 345.22 721.25 Td (OCKHOLDERS) Tj ET Q q 0 0 0 rg BT 419.49 721.25 Td ( EQUITY) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 650.75 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 650.75 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 650.75 38.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 650.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 650.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 650.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 650.75 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 650.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 622.75 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 622.75 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 622.75 38.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 622.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 622.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 622.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 622.75 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 622.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 594.75 150.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.50 594.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 594.75 36.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 594.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 594.75 38.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 594.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 594.75 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 594.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 594.75 50.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 594.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 594.75 75.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 594.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 594.75 41.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 594.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 594.75 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 557.75 150.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.50 557.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 557.75 36.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 557.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 557.75 38.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 557.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 557.75 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 557.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 557.75 50.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 557.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 557.75 75.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 557.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 557.75 41.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 557.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 557.75 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 502.75 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 502.75 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 502.75 38.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 502.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 502.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 502.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 502.75 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 502.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 502.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 474.75 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 474.75 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 474.75 38.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 474.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 474.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 474.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 474.75 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 474.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 474.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 446.75 150.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.50 446.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 446.75 36.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 446.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 446.75 38.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 446.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 446.75 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 446.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 446.75 50.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 446.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 446.75 75.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 446.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 446.75 41.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 446.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 446.75 55.00 -23.00 re f /GS0 gs 0.8 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678.75 m 240.5 678.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 678.75 m 244.5 678.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 678.75 m 282.5 678.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.5 664.75 m 240.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 664.75 m 282.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 664.75 m 339.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 664.75 m 393.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 664.75 m 472.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 664.75 m 517.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 664.75 m 576.5 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.5 502.75 m 240.5 502.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 502.75 m 282.5 502.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 502.75 m 339.5 502.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 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0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 331.75 m 393.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 331.75 m 472.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 331.75 m 517.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 331.75 m 576.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 150.75 m 393.5 150.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 150.75 m 576.5 150.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.5 150.75 m 240.5 150.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.5 137.75 m 240.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.5 135.75 m 240.5 135.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 150.75 m 282.5 150.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 137.75 m 282.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 135.75 m 282.5 135.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 150.75 m 339.5 150.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 137.75 m 339.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 135.75 m 339.5 135.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 150.75 m 393.5 150.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 137.75 m 393.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 135.75 m 393.5 135.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 150.75 m 472.5 150.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 137.75 m 472.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 135.75 m 472.5 135.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 150.75 m 517.5 150.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 137.75 m 517.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 135.75 m 517.5 135.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 150.75 m 576.5 150.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 137.75 m 576.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 135.75 m 576.5 135.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 683.21 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 213.35 683.20 Td (Common Stock) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 291.95 687.20 Td (Additional) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 298.45 678.20 Td (Paid-in) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 298.20 669.20 Td (Capital) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.75 678.20 Td (Retained) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.45 669.20 Td (Earnings) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 409.00 696.20 Td (Accumulated) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.05 687.20 Td (Other) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.55 678.20 Td (Comprehensive) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 407.35 669.20 Td (Income \(Loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.15 678.20 Td (T) Tj ET Q q 0 0 0 rg BT 484.48 678.20 Td (r) Tj ET Q q 0 0 0 rg BT 488.32 678.20 Td (easury) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.70 669.20 Td (Stock) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.65 669.20 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 669.21 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 209.05 669.20 Td (Shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.20 669.20 Td (Amount) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 655.21 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.10 655.20 Td (\(In thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 642.01 Td (BALANCE, December 31, 2010) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 212.25 641.21 Td (26,096) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.00 641.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 265.50 641.21 Td (261) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 289.00 641.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 306.75 641.21 Td (363,966) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.00 641.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.75 641.21 Td (519,843) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.00 641.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.25 641.21 Td (\(18,755) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 641.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.00 641.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.25 641.21 Td (\(80,947) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.00 641.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.00 641.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.75 641.21 Td (784,368) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 628.01 Td (Net income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 627.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 627.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 627.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.25 627.21 Td (82,394) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 627.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 627.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.25 627.21 Td (82,394) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 614.01 Td (Other comprehensive loss, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 613.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 613.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 613.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 613.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.25 613.21 Td (\(10,481) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 613.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 613.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.25 613.21 Td (\(10,481) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 613.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 600.01 Td (Purchases of treasury stock) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 599.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 599.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 599.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 599.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 599.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.25 599.21 Td (\(50,777) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.00 599.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.25 599.21 Td (\(50,777) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 599.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 586.01 Td (Net issuance of treasury shares to) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 577.01 Td (employee stock compensation plans) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 220.50 576.21 Td (\(129) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 237.00 576.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.50 576.21 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.00 576.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 308.25 576.21 Td (\(14,096) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 336.00 576.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 576.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 576.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.25 576.21 Td (13,388) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.50 576.21 Td (\(709) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 576.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 562.21 Td (Stock-based compensation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 562.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 562.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.25 562.21 Td (10,908) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 562.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 562.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 562.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.25 562.21 Td (10,908) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 549.01 Td (Tax effect from stock-based) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 540.01 Td (compensation plans) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 539.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 539.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 315.75 539.21 Td (2,597) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 539.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 539.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 539.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 539.21 Td (2,597) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 525.21 Td (Cash dividends, net of estimated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 516.21 Td (forfeitures relative to participating) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 507.21 Td (securities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 507.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 507.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 507.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.25 507.21 Td (\(11,200) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 390.00 507.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 507.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 507.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.25 507.21 Td (\(11,200) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 507.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 494.01 Td (BALANCE, December 31, 2011) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 212.25 493.21 Td (25,967) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 265.50 493.21 Td (260) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 306.75 493.21 Td (363,375) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.75 493.21 Td (591,037) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.25 493.21 Td (\(29,236) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 493.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.75 493.21 Td (\(118,336) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.00 493.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.75 493.21 Td (807,100) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 480.01 Td (Net income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 479.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 479.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 479.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.75 479.21 Td (100,209) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 479.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 479.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.75 479.21 Td (100,209) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 466.01 Td (Other comprehensive loss, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 465.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 465.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 465.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 465.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.75 465.21 Td (\(3,821) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 465.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 465.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.75 465.21 Td (\(3,821) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 465.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 452.01 Td (Purchases of treasury stock) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 451.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 451.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 451.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 451.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 451.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.25 451.21 Td (\(11,317) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.00 451.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.25 451.21 Td (\(11,317) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 451.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 438.01 Td (3.00% Convertible Notes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 429.01 Td (reclassification to temporary equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 308.25 428.21 Td (\(32,505) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 336.00 428.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 428.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.25 428.21 Td (\(32,505) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 428.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 415.01 Td (Net issuance of treasury shares to) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 406.01 Td (employee stock compensation plans) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 220.50 405.21 Td (\(131) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 237.00 405.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.50 405.21 Td (\(2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.00 405.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 308.25 405.21 Td (\(12,949) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 336.00 405.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 405.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 405.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.25 405.21 Td (12,036) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.50 405.21 Td (\(915) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 405.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 392.01 Td (Stock-based compensation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 391.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 391.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.25 391.21 Td (11,880) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 391.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 391.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 391.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.25 391.21 Td (11,880) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 378.01 Td (Tax effect from stock-based) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 369.01 Td (compensation plans) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 368.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 368.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 315.75 368.21 Td (3,035) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 368.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 368.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 368.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 368.21 Td (3,035) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 355.01 Td (Cash dividends, net of estimated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 346.01 Td (forfeitures relative to participating) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 337.01 Td (securities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 336.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 336.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 336.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.25 336.21 Td (\(13,382) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 390.00 336.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 336.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 336.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.25 336.21 Td (\(13,382) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 336.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 323.01 Td (BALANCE, December 31, 2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 212.25 322.21 Td (25,836) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 265.50 322.21 Td (258) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 306.75 322.21 Td (332,836) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.75 322.21 Td (677,864) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.25 322.21 Td (\(33,057) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 322.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.75 322.21 Td (\(117,617) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.00 322.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.75 322.21 Td (860,284) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 309.01 Td (Net income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 308.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 308.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 308.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.75 308.21 Td (113,992) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 308.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 308.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.75 308.21 Td (113,992) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 295.01 Td (Other comprehensive loss, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 294.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 294.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 294.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 294.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.25 294.21 Td (\(18,620) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 294.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 294.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.25 294.21 Td (\(18,620) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 294.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 281.01 Td (Purchases of treasury stock) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 280.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 280.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 280.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.75 280.21 Td (\(3,554) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.00 280.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.75 280.21 Td (\(3,554) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 280.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 267.01 Td (Treasury stock used in acquisition) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 266.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 266.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.25 266.21 Td (27,689) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 266.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 266.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.25 266.21 Td (52,709) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.25 266.21 Td (80,398) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 253.01 Td (Temporary equity adjustment related to) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 244.01 Td (3.00% convertible notes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 244.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 244.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 315.75 244.21 Td (3,411) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 244.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 244.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 244.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 244.21 Td (3,411) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 231.01 Td (Net issuance of treasury shares to) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 222.01 Td (employee stock compensation plans) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 225.00 222.21 Td (\(90) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 237.00 222.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.50 222.21 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.00 222.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 308.25 222.21 Td (\(12,137) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 336.00 222.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 222.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 222.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.25 222.21 Td (10,315) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.75 222.21 Td (\(1,823) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 222.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 209.01 Td (Stock-based compensation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 208.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 208.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.25 208.21 Td (13,849) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 208.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 208.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 208.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.25 208.21 Td (13,849) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 195.01 Td (Tax effect from stock-based) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 186.01 Td (compensation plans) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 186.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 186.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 315.75 186.21 Td (2,993) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 186.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 186.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 186.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.75 186.21 Td (2,993) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 173.01 Td (Cash dividends, net of estimated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 164.01 Td (forfeitures relative to participating) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 155.01 Td (securities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 155.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.00 155.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.00 155.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.25 155.21 Td (\(15,755) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 390.00 155.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.00 155.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.00 155.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.25 155.21 Td (\(15,755) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 573.00 155.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 142.01 Td (BALANCE, December 31, 2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 212.25 141.21 Td (25,746) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.00 141.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 265.50 141.21 Td (257) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 289.00 141.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 306.75 141.21 Td (368,641) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.00 141.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.75 141.21 Td (776,101) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.00 141.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.25 141.21 Td (\(51,677) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 141.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.00 141.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.25 141.21 Td (\(58,147) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.00 141.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.00 141.21 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.00 141.21 Td (1,035,175) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.30 47.25 Td (The accompanying notes are an integral part of these consolidated financial statements.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 185 0 obj <>] /Rotate 0 /Contents 186 0 R>> endobj 186 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.05 31.60 Td (F-7) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 187.00 736.25 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 736.25 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 736.25 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 736.25 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 736.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 188.65 718.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 248.47 718.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 283.02 718.25 Td (A) Tj ET Q q 0 0 0 rg BT 289.50 718.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 354.42 718.25 Td ( CASH FLOWS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 668.75 362.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 624.75 362.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 624.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 624.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 624.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 624.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 624.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 624.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 602.75 362.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 602.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 602.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 602.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 602.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 602.75 4.00 -11.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 466.50 514.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 514.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 514.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 492.75 362.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 492.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 492.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 492.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 492.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 492.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 492.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 470.75 362.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 470.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 470.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 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0.9333333333333333 1 rg /GS0 gs 412.50 338.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 338.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 338.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 338.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 338.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 338.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 316.75 362.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 316.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 316.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 316.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 316.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 316.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 316.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 294.75 362.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 294.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 294.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 294.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 294.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 294.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 294.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 272.75 362.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 272.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 272.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 272.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 272.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 272.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 272.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 250.75 362.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 250.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 250.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 250.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 250.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 250.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 250.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 228.75 362.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 228.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 228.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 228.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 228.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 228.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 228.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 206.75 362.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 206.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 206.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 206.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 206.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 206.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 206.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 184.75 362.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 184.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 184.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 184.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 184.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 184.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 184.75 46.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 162.75 362.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 162.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 162.75 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 162.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 162.75 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 162.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 162.75 46.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 690.75 m 462.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 690.75 m 466.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 690.75 m 512.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 690.75 m 516.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 690.75 m 562.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 690.75 m 462.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 679.75 m 462.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 690.75 m 466.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 690.75 m 512.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 679.75 m 512.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 690.75 m 516.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 690.75 m 562.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 679.75 m 562.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 459.75 m 462.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 459.75 m 512.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 459.75 m 562.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 448.75 m 462.5 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 459.75 m 512.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 448.75 m 512.5 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 448.75 m 562.5 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 393.75 m 462.5 393.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 393.75 m 512.5 393.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 393.75 m 562.5 393.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 382.75 m 462.5 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 382.75 m 512.5 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 382.75 m 562.5 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 228.75 m 462.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 228.75 m 512.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 228.75 m 562.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 217.75 m 462.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 217.75 m 512.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 217.75 m 562.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 217.75 m 462.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 206.75 m 462.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 217.75 m 512.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 206.75 m 512.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 217.75 m 562.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 206.75 m 562.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 184.75 m 462.5 184.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 184.75 m 512.5 184.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 184.75 m 562.5 184.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 174.75 m 462.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 172.75 m 462.5 172.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 174.75 m 512.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 172.75 m 512.5 172.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 174.75 m 562.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 172.75 m 562.5 172.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 693.70 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 444.70 693.83 Td (Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 682.70 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 431.00 682.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.00 682.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.00 682.83 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 671.70 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.20 671.83 Td (\(In thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 660.70 Td (CASH FLOWS FROM OPERATING ACTIVITIES:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 649.70 Td (Net income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.00 649.70 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.25 649.70 Td (113,992) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.00 649.70 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.25 649.70 Td (100,209) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 649.70 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.25 649.70 Td (82,394) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 638.70 Td (Adjustments to reconcile net income to net cash provided by \(used in\) operating activities:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 627.70 Td (Depreciation and amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 627.70 Td (35,826) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.25 627.70 Td (31,534) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.25 627.70 Td (27,063) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 616.70 Td (Deferred income taxes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 616.70 Td (22,412) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.25 616.70 Td (13,282) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.25 616.70 Td (24,824) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 605.70 Td (Asset impairments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.25 605.70 Td (6,542) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.25 605.70 Td (7,276) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.25 605.70 Td (4,805) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 594.70 Td (Stock-based compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 594.70 Td (13,899) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.25 594.70 Td (11,931) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.25 594.70 Td (10,919) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 583.70 Td (Amortization of debt discount and issue costs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 583.70 Td (13,888) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.25 583.70 Td (12,990) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.25 583.70 Td (11,990) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 572.70 Td (\(Gain\) loss on disposition of assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.60 572.70 Td (\(11,043) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.30 572.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.60 572.70 Td (\(4,941) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 572.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.60 572.70 Td (\(961) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 572.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 561.70 Td (Tax effect from excess stock-based compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.60 561.70 Td (\(2,993) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.30 561.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.60 561.70 Td (\(2,875) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 561.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.60 561.70 Td (\(2,478) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 561.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 550.70 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.25 550.70 Td (3,665) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.25 550.70 Td (3,965) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.25 550.70 Td (2,755) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 539.70 Td (Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 528.70 Td (Accounts payable and accrued expenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 528.70 Td (41,144) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.25 528.70 Td (29,874) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.25 528.70 Td (77,027) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 517.70 Td (Accounts and notes receivable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.60 517.70 Td (\(9,489) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.30 517.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.60 517.70 Td (\(6,777) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 517.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.60 517.70 Td (\(17,875) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 517.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 506.70 Td (Inventories) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.60 506.70 Td (\(241,871) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.30 506.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.60 506.70 Td (\(278,232) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 506.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.60 506.70 Td (\(7,410) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 506.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 495.70 Td (Contracts-in-transit and vehicle receivables) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.60 495.70 Td (\(18,974) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.30 495.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.60 495.70 Td (\(29,091) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 495.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.60 495.70 Td (\(53,821) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 495.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 484.70 Td (Prepaid expenses and other assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.25 484.70 Td (1,941) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.25 484.70 Td (2,448) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.60 484.70 Td (\(11,246) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 484.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 473.70 Td (Floorplan notes payable manufacturer affiliates) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 473.70 Td (83,203) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.25 473.70 Td (33,248) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.25 473.70 Td (52,757) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 462.70 Td (Deferred revenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.30 462.70 Td (230) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.60 462.70 Td (\(163) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 462.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.60 462.70 Td (\(1,427) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 462.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 451.70 Td (Net cash provided by \(used in\) operating activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 451.70 Td (52,372) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.60 451.70 Td (\(75,322) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 451.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.25 451.70 Td (199,316) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 440.70 Td (CASH FLOWS FROM INVESTING ACTIVITIES:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 429.70 Td (Cash paid in acquisitions, net of cash received) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.60 429.70 Td (\(269,860) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.30 429.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.60 429.70 Td (\(177,956) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 429.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.60 429.70 Td (\(159,597) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 429.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 418.70 Td (Proceeds from disposition of franchises, property and equipment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.25 418.70 Td (102,186) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.25 418.70 Td (39,197) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.25 418.70 Td (6,039) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 407.70 Td (Purchases of property and equipment, including real estate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.60 407.70 Td (\(102,858) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.30 407.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.60 407.70 Td (\(88,491) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 407.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.60 407.70 Td (\(60,558) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 407.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 396.70 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.25 396.70 Td (1,878) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.25 396.70 Td (2,792) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.25 396.70 Td (1,343) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.00 385.70 Td (Net cash used in investing activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.60 385.70 Td (\(268,654) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.30 385.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.60 385.70 Td (\(224,458) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 385.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.60 385.70 Td (\(212,773) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 385.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 374.70 Td (CASH FLOWS FROM FINANCING ACTIVITIES:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 363.70 Td (Borrowings on credit facility Floorplan Line) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.25 363.70 Td (6,379,328) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.25 363.70 Td (5,700,108) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.25 363.70 Td (4,825,956) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 352.70 Td (Repayments on credit facility Floorplan Line) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.60 352.70 Td (\(6,153,677) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.30 352.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.60 352.70 Td (\(5,453,148) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 352.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.60 352.70 Td (\(4,777,442) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 352.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 341.70 Td (Borrowings on credit facility Acquisition Line) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 341.70 Td (60,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.30 341.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 551.30 341.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 330.70 Td (Borrowings on real estate credit facility) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 330.70 Td (19,640) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.25 330.70 Td (18,080) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 551.30 330.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 319.70 Td (Principal payments on real estate credit facility) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.60 319.70 Td (\(8,597) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.30 319.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.60 319.70 Td (\(2,406) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 319.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.60 319.70 Td (\(1,599) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 319.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 308.70 Td (Principal payments of other long-term debt) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.60 308.70 Td (\(71,170) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.30 308.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.60 308.70 Td (\(4,784) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 308.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.60 308.70 Td (\(3,293) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 308.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 297.70 Td (Borrowings of other long-term debt) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 297.70 Td (10,289) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.30 297.70 Td (275) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.30 297.70 Td (308) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 286.70 Td (Principal payments of long-term debt related to real estate loans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.60 286.70 Td (\(36,978) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.30 286.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.60 286.70 Td (\(15,197) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 286.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.60 286.70 Td (\(7,775) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 286.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 275.70 Td (Borrowings of long-term debt related to real estate loans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 275.70 Td (55,345) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.25 275.70 Td (70,685) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.25 275.70 Td (32,713) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 264.70 Td (Repurchases of common stock, amounts based on settlement date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.60 264.70 Td (\(3,553) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.30 264.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.60 264.70 Td (\(11,317) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 264.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.60 264.70 Td (\(50,777) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 264.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 253.70 Td (Issuance of common stock to benefit plans, net of employee net share settlements) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.60 253.70 Td (\(1,822) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.30 253.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.60 253.70 Td (\(915) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 253.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.60 253.70 Td (\(709) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 253.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 242.70 Td (Tax effect from excess stock-based compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.25 242.70 Td (2,993) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.25 242.70 Td (2,875) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.25 242.70 Td (2,478) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 231.70 Td (Dividends paid) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.60 231.70 Td (\(15,805) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.30 231.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.60 231.70 Td (\(13,433) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 231.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.60 231.70 Td (\(11,211) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 231.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 220.70 Td (Net cash provided by financing activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.25 220.70 Td (235,993) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.25 220.70 Td (290,823) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.25 220.70 Td (8,649) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 209.70 Td (EFFECT OF EXCHANGE RATE CHANGES ON CASH) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.60 209.70 Td (\(4,146) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.30 209.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.60 209.70 Td (\(1,288) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 209.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.60 209.70 Td (\(140) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 209.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 198.70 Td (NET INCREASE \(DECREASE\) IN CASH AND CASH EQUIVALENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 198.70 Td (15,565) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.60 198.70 Td (\(10,245) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 198.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.60 198.70 Td (\(4,948) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 198.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 187.70 Td (CASH AND CASH EQUIVALENTS, beginning of period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.25 187.70 Td (4,650) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.25 187.70 Td (14,895) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.25 187.70 Td (19,843) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 176.70 Td (CASH AND CASH EQUIVALENTS, end of period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.00 176.70 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 176.70 Td (20,215) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.00 176.70 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.25 176.70 Td (4,650) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 176.70 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.25 176.70 Td (14,895) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 165.70 Td (SUPPLEMENTAL CASH FLOW INFORMATION:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 154.70 Td (Purchases of property and equipment, including real estate, accrued in accounts payable and accrued) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 146.70 Td (expenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.00 146.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 146.00 Td (11,155) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.00 146.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.25 146.00 Td (6,045) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 146.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.25 146.00 Td (7,995) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.30 52.25 Td (The accompanying notes are an integral part of these consolidated financial statements.) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 187 0 obj <>] /Rotate 0 /Contents 188 0 R>> endobj 188 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.05 33.60 Td (F-8) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 704.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 58.95 704.25 Td (ANNUAL) Tj ET Q q 0 0 0 rg BT 101.17 704.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 159.79 704.25 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 210.43 704.25 Td (TION) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 686.25 Td (Business Organization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 668.25 Td (Group 1 ) Tj ET Q q 0 0 0 rg BT 108.50 668.25 Td (Automotive, Inc., a Delaware corporation is a leading operator in the automotive retailing industry with business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 656.25 Td (activities in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.38 656.25 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.38 656.25 Td ( states in the United States of ) Tj ET Q q 0 0 0 rg BT 226.97 656.25 Td (America \(U.S.\), ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.21 656.25 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.21 656.25 Td ( towns in the United Kingdom \(U.K.\), and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.02 656.25 Td (two) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.02 656.25 Td ( states in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 644.25 Td (Brazil. Group 1 ) Tj ET Q q 0 0 0 rg BT 113.93 644.25 Td (Automotive, Inc. and its subsidiaries are collectively referred to as the Company in these Notes to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 632.25 Td (Consolidated Financial Statements. ) Tj ET Q q 0 0 0 rg BT 193.19 632.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 249.47 632.25 Td (, through its regions, sells new and used cars and light trucks; arranges related ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 620.25 Td (vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 608.25 Td (parts.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 590.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.94 590.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.53 590.25 Td (, the Company) Tj ET Q q 0 0 0 rg BT 237.91 590.25 Td (s U.S. retail network consisted of the following two regions \(with the number of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 578.25 Td (dealerships they comprised\): \(a\)the East \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.33 578.25 Td (48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.33 578.25 Td ( dealerships in ) Tj ET Q q 0 0 0 rg BT 288.04 578.25 Td (Alabama, Florida, Geor) Tj ET Q q 0 0 0 rg BT 382.83 578.25 Td (gia, Louisiana, Maryland, Massachusetts, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 566.25 Td (Mississippi, New Hampshire, New Jersey) Tj ET Q q 0 0 0 rg BT 216.05 566.25 Td (, New ) Tj ET Q q 0 0 0 rg BT 242.06 566.25 Td (Y) Tj ET Q q 0 0 0 rg BT 248.28 566.25 Td (ork and South Carolina\), and \(b\)the ) Tj ET Q q 0 0 0 rg BT 395.29 566.25 Td (W) Tj ET Q q 0 0 0 rg BT 403.93 566.25 Td (est \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.87 566.25 Td (68) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.87 566.25 Td (dealerships in California, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 554.25 Td (Kansas, Louisiana, Oklahoma, and ) Tj ET Q q 0 0 0 rg BT 191.23 554.25 Td (T) Tj ET Q q 0 0 0 rg BT 196.64 554.25 Td (exas\). Each U.S. region is managed by a regional vice president who reports directly to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 542.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 542.25 Td (s Chief Executive Of) Tj ET Q q 0 0 0 rg BT 175.13 542.25 Td (ficer and is responsible for the overall performance of their regions. ) Tj ET Q q 0 0 0 rg BT 448.17 542.25 Td (The financial matters of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 530.25 Td (each U.S. region are managed by a regional chief financial of) Tj ET Q q 0 0 0 rg BT 294.76 530.25 Td (ficer who reports directly to the Company) Tj ET Q q 0 0 0 rg BT 465.27 530.25 Td (s Chief Financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 518.25 Td (Of) Tj ET Q q 0 0 0 rg BT 59.87 518.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 77.63 518.25 Td (. In addition, as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.90 518.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.48 518.25 Td (, the Company had ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.52 518.25 Td (two) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.52 518.25 Td ( international regions: \(a\) the U.K. region, which consisted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 506.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.33 506.25 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.33 506.25 Td ( dealerships in the U.K. and \(b\) the Brazil region, which consisted of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.04 506.25 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.04 506.25 Td ( dealerships in Brazil. ) Tj ET Q q 0 0 0 rg BT 447.55 506.25 Td (The international regions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 494.25 Td (are also managed locally with direct reporting responsibilities to the Company) Tj ET Q q 0 0 0 rg BT 365.53 494.25 Td (s corporate management team. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 470.25 Td (2. SUMMAR) Tj ET Q q 0 0 0 rg BT 105.25 470.25 Td (Y) Tj ET Q q 0 0 0 rg BT 112.10 470.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 128.12 470.25 Td ( SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 197.12 470.25 Td ( ) Tj ET Q q 0 0 0 rg BT 199.07 470.25 Td (ACCOUNTING POLICIES ) Tj ET Q q 0 0 0 rg BT 320.75 470.25 Td (AND ESTIMA) Tj ET Q q 0 0 0 rg BT 383.63 470.25 Td (TES) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 452.25 Td (Use of Estimates) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 434.25 Td (The preparation of the Company) Tj ET Q q 0 0 0 rg BT 206.79 434.25 Td (s financial statements in conformity with accounting principles generally accepted in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 422.25 Td (United States \("GAAP"\) requires management to make certain estimates and assumptions. ) Tj ET Q q 0 0 0 rg BT 413.50 422.25 Td (These estimates and assumptions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 410.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 410.25 Td (fect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the balance sheet date ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 398.25 Td (and the amounts of revenues and expenses recognized during the reporting period. Management analyzes the Company) Tj ET Q q 0 0 0 rg BT 529.34 398.25 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 386.25 Td (estimates based on historical experience and various other assumptions that are believed to be reasonable under the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 374.25 Td (circumstances; however) Tj ET Q q 0 0 0 rg BT 145.45 374.25 Td (, actual results could dif) Tj ET Q q 0 0 0 rg BT 241.07 374.25 Td (fer from such estimates. ) Tj ET Q q 0 0 0 rg BT 339.47 374.25 Td (The significant estimates made by management in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (accompanying Consolidated Financial Statements relate to inventory market adjustments, reserves for future char) Tj ET Q q 0 0 0 rg BT 503.34 362.25 Td (gebacks on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 350.25 Td (finance and vehicle service contract fees, self-insured property/casualty insurance exposure, the fair value of assets acquired ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 338.25 Td (and liabilities assumed in business combinations, the valuation of goodwill and intangible franchise rights, and reserves for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 326.25 Td (potential litigation.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 308.25 Td (Basis of Presentation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 290.25 Td (All business acquisitions completed during the periods presented have been accounted for using the purchase method of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 278.25 Td (accounting, and their results of operations are included from the ef) Tj ET Q q 0 0 0 rg BT 315.61 278.25 Td (fective dates of the closings of the acquisitions. ) Tj ET Q q 0 0 0 rg BT 507.33 278.25 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 266.25 Td (preliminary allocations of purchase price to the assets acquired and liabilities assumed are assigned and recorded based on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 254.25 Td (estimates of fair value. ) Tj ET Q q 0 0 0 rg BT 142.52 254.25 Td (All intercompany balances and transactions have been eliminated in consolidation.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 236.25 Td (Revenue Recognition) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 218.25 Td (Revenues from vehicle sales, parts sales and vehicle service are recognized upon completion of the sale or service and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 206.25 Td (delivery to the customer) Tj ET Q q 0 0 0 rg BT 145.86 206.25 Td (. Conditions to completing a sale include having an agreement with the customer) Tj ET Q q 0 0 0 rg BT 468.99 206.25 Td (, including pricing, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 194.25 Td (the sales price must be reasonably expected to be collected. ) Tj ET Q q 0 0 0 rg BT 289.50 194.25 Td (The Company includes revenues from its collision center operations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 182.25 Td (in parts and services sales. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 164.25 Td (The Company records the profit it receives for arranging vehicle fleet transactions, net, in other finance and insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 152.25 Td (revenues. Since all sales of new vehicles must occur through franchised new vehicle dealerships, the dealerships ef) Tj ET Q q 0 0 0 rg BT 509.16 152.25 Td (fectively act ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 140.25 Td (as agents for the automobile manufacturers in completing sales of vehicles to fleet customers. ) Tj ET Q q 0 0 0 rg BT 425.77 140.25 Td (As these customers typically ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 128.25 Td (order the vehicles, the Company has no significant general inventory risk. ) Tj ET Q q 0 0 0 rg BT 346.92 128.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 396.82 128.25 Td (, fleet customers generally receive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 116.25 Td (special purchase incentives from the automobile manufacturers and the Company receives only a nominal fee for facilitating the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 104.25 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 102.08 104.25 Td (T) Tj ET Q q 0 0 0 rg BT 107.49 104.25 Td (axes collected from customers and remitted to governmental agencies are not included in total revenues.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 86.25 Td (The Company arranges financing for customers through various institutions and receives financing fees based on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 74.25 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 74.25 Td (ference between the loan rates char) Tj ET Q q 0 0 0 rg BT 200.99 74.25 Td (ged to customers and wholesale financing rates set by the financing institution. In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 62.25 Td (addition, the Company receives fees from the sale of insurance and vehicle service contracts to customers. Further) Tj ET Q q 0 0 0 rg BT 506.16 62.25 Td (, through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 50.25 Td (agreements with certain vehicle service contract administrators, the Company earns volume incentive rebates and interest ) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 175.30 745.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 211.52 745.00 Td (T) Tj ET Q q 0 0 0 rg BT 218.01 745.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.11 745.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 367.29 745.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 381.28 745.00 Td (A) Tj ET Q q 0 0 0 rg BT 387.76 745.00 Td (TEMENTS) Tj ET Q endstream endobj 189 0 obj <>] /Rotate 0 /Contents 190 0 R>> endobj 190 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.05 33.60 Td (F-9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 722.10 Td (income on reserves, as well as participates in the underwriting profits of the products. ) Tj ET Q q 0 0 0 rg BT 394.22 722.10 Td (The Company may be char) Tj ET Q q 0 0 0 rg BT 502.34 722.10 Td (ged back for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td (unearned financing, insurance contract or vehicle service contract fees in the event of early termination of the contracts by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 698.10 Td (customers. Revenues from these fees are recorded at the time of the sale of the vehicles, and a reserve for future amounts which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 686.10 Td (might be char) Tj ET Q q 0 0 0 rg BT 104.30 686.10 Td (ged back is established based on the Company) Tj ET Q q 0 0 0 rg BT 292.87 686.10 Td (s historical char) Tj ET Q q 0 0 0 rg BT 356.00 686.10 Td (geback results and the termination provisions of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 674.10 Td (the applicable contracts. ) Tj ET Q q 0 0 0 rg BT 148.72 674.10 Td (While char) Tj ET Q q 0 0 0 rg BT 192.68 674.10 Td (geback results vary depending on the type of contract sold, a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.60 674.10 Td (10%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.93 674.10 Td ( increase in the historical ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 662.10 Td (char) Tj ET Q q 0 0 0 rg BT 66.53 662.10 Td (geback results used in determining estimates of future amounts which might be char) Tj ET Q q 0 0 0 rg BT 402.92 662.10 Td (ged back would have increased the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 650.10 Td (reserve at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.58 650.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.17 650.10 Td ( by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.17 650.10 Td ($2.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.06 650.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 63.00 632.10 Td (Cash and Cash Equivalents) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 614.10 Td (Cash and cash equivalents include demand deposits and various other short-term investments with original maturities of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (three months or less at the date of purchase. ) Tj ET Q q 0 0 0 rg BT 226.67 602.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.11 602.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.70 602.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.13 602.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.13 602.10 Td (, cash and cash equivalents excluded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.25 602.10 Td ($56.2 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 590.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.83 590.10 Td ($1) Tj ET Q q 0 0 0 rg BT 107.46 590.10 Td (12.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.35 590.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 209.01 590.10 Td (, of immediately available funds used to pay down the Floorplan Line of the Revolving ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (Credit Facility \(as defined in Note 1) Tj ET Q q 0 0 0 rg BT 193.54 578.10 Td (1, Credit Facilities\), which is the Company) Tj ET Q q 0 0 0 rg BT 377.39 578.10 Td (s primary vehicle for the short-term ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (investment of excess cash. ) Tj ET Q q 0 0 0 rg BT 157.90 566.10 Td (These amounts are reflected in the Company's Consolidated Balance Sheets as the of) Tj ET Q q 0 0 0 rg BT 497.20 566.10 Td (fset account ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (related to Floorplan Notes Payable - Credit Facility) Tj ET Q q 0 0 0 rg BT 254.08 554.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 536.10 Td (Contracts-in-T) Tj ET Q q 0 0 0 rg BT 122.25 536.10 Td (ransit and V) Tj ET Q q 0 0 0 rg BT 172.27 536.10 Td (ehicle Receivables) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 518.10 Td (Contracts-in-transit and vehicle receivables consist primarily of amounts due from financing institutions on retail finance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 506.10 Td (contracts from vehicle sales and dealer incentives due from manufacturers. ) Tj ET Q q 0 0 0 rg BT 350.76 506.10 Td (Also included are amounts receivable from vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 494.10 Td (wholesale sales.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 476.10 Td (Inventories) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 458.10 Td (New) Tj ET Q q 0 0 0 rg BT 91.73 458.10 Td (, used and demonstrator vehicle inventories are carried at the lower of specific cost or market and are removed from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 446.10 Td (inventory using the specific identification method in the Consolidated Balance Sheets. Parts and accessories inventories are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 434.10 Td (valued at lower of cost \(determined on a first-in, first-out basis\) or market in the Consolidated Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 493.08 434.10 Td (V) Tj ET Q q 0 0 0 rg BT 499.20 434.10 Td (ehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 422.10 Td (inventory cost consists of the amount paid to acquire the inventory) Tj ET Q q 0 0 0 rg BT 315.46 422.10 Td (, plus the cost of reconditioning, cost of equipment added and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 410.10 Td (transportation cost. ) Tj ET Q q 0 0 0 rg BT 128.10 410.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 178.00 410.10 Td (, the Company receives interest assistance from some of the automobile manufacturers. ) Tj ET Q q 0 0 0 rg BT 529.37 410.10 Td (This ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 398.10 Td (assistance is accounted for as a vehicle purchase price discount and is reflected as a reduction to the inventory cost on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 386.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 386.10 Td (s Consolidated Balance Sheets and as a reduction to cost of sales in its Statements of Operations as the vehicles are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 374.10 Td (sold. ) Tj ET Q q 0 0 0 rg BT 70.62 374.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.12 374.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.70 374.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.14 374.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.14 374.10 Td (, inventory cost had been reduced by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.54 374.10 Td ($9.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.43 374.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.87 374.10 Td ($7.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.76 374.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 520.42 374.10 Td (, for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 362.10 Td (interest assistance received from manufacturers. New vehicle cost of sales was reduced by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.24 362.10 Td ($38.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.13 362.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.13 362.10 Td ($33.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.02 362.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 350.10 Td ($26.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.39 350.10 Td ( for interest assistance received related to vehicles sold for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.10 350.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.68 350.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.68 350.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.68 350.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.12 350.10 Td (201) Tj ET Q q 0 0 0 rg BT 541.75 350.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.75 350.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 338.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 338.10 Td (. ) Tj ET Q q 0 0 0 rg BT 101.98 338.10 Td (The assistance over the past three years has ranged from approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.92 338.10 Td (87.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.75 338.10 Td ( of the Company) Tj ET Q q 0 0 0 rg BT 485.47 338.10 Td (s quarterly ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 326.10 Td (floorplan interest expense in the first quarter of 2013 to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.32 326.10 Td (1) Tj ET Q q 0 0 0 rg BT 277.95 326.10 Td (15.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.78 326.10 Td ( for the third quarter of 2012, and was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.18 326.10 Td (94.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.01 326.10 Td ( for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.39 326.10 Td (fourth) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.83 326.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 314.10 Td (quarter of 2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 296.10 Td (As the market value of inventory typically declines over time, the Company establishes new and used vehicle reserves ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (based on its historical loss experience and management) Tj ET Q q 0 0 0 rg BT 273.60 284.10 Td (s considerations of current market trends. ) Tj ET Q q 0 0 0 rg BT 441.42 284.10 Td (These reserves are char) Tj ET Q q 0 0 0 rg BT 534.79 284.10 Td (ged to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (cost of sales and reduce the carrying value of inventory on hand. Used vehicles are complex to value as there is no standardized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (source for determining exact values and each vehicle and each market in which the Company operates is unique. ) Tj ET Q q 0 0 0 rg BT 501.83 260.10 Td (As a result, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (value of each used vehicle taken at trade-in, or purchased at auction, is determined based on industry data, primarily accessed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (via the Company) Tj ET Q q 0 0 0 rg BT 120.60 236.10 Td (s used vehicle management software and the industry expertise of the responsible used vehicle manager) Tj ET Q q 0 0 0 rg BT 534.91 236.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (V) Tj ET Q q 0 0 0 rg BT 55.61 224.10 Td (aluation risk is partially mitigated by the speed at which the Company turns this inventory) Tj ET Q q 0 0 0 rg BT 415.45 224.10 Td (. ) Tj ET Q q 0 0 0 rg BT 419.90 224.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.40 224.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.98 224.10 Td (, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 212.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 212.10 Td (s used vehicle days) Tj ET Q q 0 0 0 rg BT 170.68 212.10 Td ( supply was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.40 212.10 Td (35 days) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.23 212.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 194.10 Td (The Company incurs shipping costs in connection with selling parts to customers. ) Tj ET Q q 0 0 0 rg BT 401.50 194.10 Td (The cost of shipping these parts is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 182.10 Td (included in cost of sales on the Consolidated Statements of Operations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 164.10 Td (Property and Equipment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 146.10 Td (Property and equipment are recorded at cost and depreciation is provided using the straight-line method over the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 134.10 Td (estimated useful lives of the assets. Leasehold improvements are capitalized and amortized over the lesser of the estimated term ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 122.10 Td (of the lease or the estimated useful life of the asset. ) Tj ET Q q 0 0 0 rg BT 256.47 122.10 Td (The amortization of assets recorded under capital leases is included with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 110.10 Td (depreciation and amortization expense in the Consolidated Statement of Operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 92.10 Td (Expenditures for major additions or improvements, which extend the useful lives of assets, are capitalized. Minor ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 80.10 Td (replacements, maintenance and repairs, which do not improve or extend the lives of the assets, are expensed as incurred. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 68.10 Td (Disposals are removed at cost less accumulated depreciation, and any resulting gain or loss is reflected in current operations.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.23 68.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 56.10 Td (The Company reviews long-lived assets for impairment at the lowest level of identifiable cash flows whenever there is evidence ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 191 0 obj <>] /Rotate 0 /Contents 192 0 R>> endobj 192 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 722.10 Td (that the carrying value of these assets may not be recoverable \(i.e., triggering events\). ) Tj ET Q q 0 0 0 rg BT 393.63 722.10 Td (This review consists of comparing the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td (carrying amount of the asset with its expected future undiscounted cash flows without interest costs. If the asset) Tj ET Q q 0 0 0 rg BT 498.83 710.10 Td (s carrying ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 698.10 Td (amount is greater than such cash flow estimate, then it is required to be written down to its fair value. Estimates of expected ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 686.10 Td (future cash flows represent management) Tj ET Q q 0 0 0 rg BT 213.88 686.10 Td (s best estimate based on currently available information and reasonable and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 674.10 Td (supportable assumptions. See Note15, Asset Impairments, for additional details regarding the Company) Tj ET Q q 0 0 0 rg BT 478.57 674.10 Td (s impairment of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 662.10 Td (long-lived assets.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 644.10 Td (Goodwill) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 626.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 81.26 626.10 Td (fective with the acquisition of UAB Motors Particpaes S.A. \(UAB Motors\) on February 28, 2013, the Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (added a fourth geographic region, the Brazil region, to its existing East and ) Tj ET Q q 0 0 0 rg BT 352.29 614.10 Td (W) Tj ET Q q 0 0 0 rg BT 360.93 614.10 Td (est regions in the U.S. and the U.K. region. ) Tj ET Q q 0 0 0 rg BT 535.34 614.10 Td (Also, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (the Company determined that each region continues to represent a reporting unit for the purpose of assessing goodwill for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (impairment.Goodwill represents the excess, at the date of acquisition, of the purchase price of the business acquired over the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (fair value of the net tangible and intangible assets acquired. ) Tj ET Q q 0 0 0 rg BT 289.14 578.10 Td (Annually in the fourth quarter) Tj ET Q q 0 0 0 rg BT 408.70 578.10 Td (, based on the carrying values of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 566.10 Td (s regions as of October31) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 195.86 570.63 Td (st) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 566.10 Td (, the Company performs a fair value and potential impairment assessment of its goodwill. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (An impairment analysis is done more frequently if certain events or circumstances arise that would indicate a change in the fair ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 542.10 Td (value of the non-financial asset has occurred \(i.e., an impairment indicator\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 524.10 Td (In evaluating its goodwill, the Company compares the carrying value of the net assets of each reporting unit to its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (respective fair value, which is calculated by using unobservable inputs based upon the Company) Tj ET Q q 0 0 0 rg BT 438.28 512.10 Td (s internally developed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 103.77 500.10 Td (This represents the first step of the impairment test. If the fair value of a reporting unit is less than the carrying ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (value of its net assets, the Company must proceed to step two of the impairment test. Step two involves allocating the calculated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (fair value to all of the tangible and identifiable intangible assets of the reporting unit as if the calculated fair value were the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (purchase price in a business combination. ) Tj ET Q q 0 0 0 rg BT 218.44 464.10 Td (The Company then compares the value of the implied goodwill resulting from this ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (second step to the carrying value of the goodwill in the reporting unit. ) Tj ET Q q 0 0 0 rg BT 331.47 452.10 Td (T) Tj ET Q q 0 0 0 rg BT 336.88 452.10 Td (o the extent the carrying value of the goodwill exceeds ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (its implied fair value under step two of the impairment test, a non-cash impairment char) Tj ET Q q 0 0 0 rg BT 400.60 440.10 Td (ge equal to the dif) Tj ET Q q 0 0 0 rg BT 472.62 440.10 Td (ference is recorded.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 422.10 Td (The Company uses a combination of the discounted cash flow) Tj ET Q q 0 0 0 rg BT 321.41 422.10 Td (, or income approach \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.64 422.10 Td (80%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.97 422.10 Td ( weighted\), and the market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 410.10 Td (approach \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.98 410.10 Td (20%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.31 410.10 Td ( weighted\) to determine the fair value of the Company) Tj ET Q q 0 0 0 rg BT 330.51 410.10 Td (s reporting units. Included in the discounted cash flow are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 398.10 Td (assumptions regarding revenue growth rates, future gross mar) Tj ET Q q 0 0 0 rg BT 296.47 398.10 Td (gins, future selling, general and administrative expenses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 386.10 Td (\("SG&A"\) and an estimated weighted average cost of capital \("W) Tj ET Q q 0 0 0 rg BT 311.38 386.10 Td (ACC"\). ) Tj ET Q q 0 0 0 rg BT 344.17 386.10 Td (The Company also must estimate residual values at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 374.10 Td (the end of the forecast period and future capital expenditure requirements. Specifically) Tj ET Q q 0 0 0 rg BT 395.37 374.10 Td (, with regard to the valuation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 362.10 Td (assumptions utilized in the U.S. \(which represents the Company's lar) Tj ET Q q 0 0 0 rg BT 324.69 362.10 Td (gest two reporting units\) income approach as of October ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 350.10 Td (31, 2013, the Company based its analysis on a recovery back to an U.S. industry sales rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.86 350.10 Td (17.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.75 350.10 Td ( units by 2016. For ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 338.10 Td (the market approach, the Company utilizes recent market multiples of guideline companies for both revenue \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.24 338.10 Td (20%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.57 338.10 Td ( weighted\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 326.10 Td (and pretax net income \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.90 326.10 Td (80%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.23 326.10 Td ( weighted\). Each of these assumptions requires the Company to use its knowledge of \(1\) the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 314.10 Td (industry) Tj ET Q q 0 0 0 rg BT 81.63 314.10 Td (, \(2\)recent transactions and \(3\)reasonable performance expectations for its operations. If any one of the above ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 302.10 Td (assumptions change or fails to materialize, the resulting decline in the estimated fair value could result in a material, non-cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 290.10 Td (impairment char) Tj ET Q q 0 0 0 rg BT 115.13 290.10 Td (ge to the goodwill associated with the reporting unit\(s\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 272.10 Td (At October 31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.71 272.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.71 272.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.71 272.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.71 272.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.15 272.10 Td (201) Tj ET Q q 0 0 0 rg BT 214.77 272.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.77 272.10 Td (, the fair value of each of the Company) Tj ET Q q 0 0 0 rg BT 378.88 272.10 Td (s reporting units exceeded the carrying value ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (of its net assets \(i.e., step one of the impairment test\). ) Tj ET Q q 0 0 0 rg BT 264.73 260.10 Td (As a result, the Company was not required to conduct the second step of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (the impairment test. However) Tj ET Q q 0 0 0 rg BT 167.95 248.10 Td (, if in future periods the Company determines that the carrying value of the net assets of one or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (more of its reporting units exceeds the respective fair value as a result of step one, the application of step two of the impairment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (test could result in a material non-cash impairment char) Tj ET Q q 0 0 0 rg BT 272.02 224.10 Td (ge to the goodwill associated with the reporting unit\(s\). See Note16, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 212.10 Td (Intangible Franchise Rights and Goodwill, for additional details regarding the Company) Tj ET Q q 0 0 0 rg BT 413.58 212.10 Td (s goodwill.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.03 212.10 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 63.00 194.10 Td (Intangible Franchise Rights) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 176.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 133.21 176.10 Td (s only significant identifiable intangible assets, other than goodwill, are rights under franchise agreements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 164.10 Td (with manufacturers, which are recorded at an individual dealership level. ) Tj ET Q q 0 0 0 rg BT 343.65 164.10 Td (The Company expects these franchise agreements to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 152.10 Td (continue for an indefinite period and, for agreements that do not have indefinite terms, based on the history with the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 140.10 Td (manufacturer the Company believes that renewal of these agreements can be obtained without substantial cost. ) Tj ET Q q 0 0 0 rg BT 494.35 140.10 Td (As such, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 128.10 Td (Company believes that its franchise agreements will contribute to cash flows for an indefinite period and, therefore, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 116.10 Td (carrying amounts of the franchise rights are not amortized. Franchise rights acquired in business acquisitions prior to July1, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 104.10 Td (2001, were recorded and amortized as part of goodwill and remain as part of goodwill at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.77 104.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.35 104.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.79 104.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.79 104.10 Td ( in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 92.10 Td (accompanying Consolidated Balance Sheets. Since July1, 2001, intangible franchise rights acquired in business combinations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 80.10 Td (have been recorded as distinctly separate intangible assets. In accordance with guidance primarily codified within ) Tj ET Q q 0 0 0 rg BT 506.00 80.10 Td (Accounting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 68.10 Td (Standards Codification \("ASC"\)350, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 200.71 68.10 Td (Intangibles-Goodwill and Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.59 68.10 Td (, the Company evaluates these franchise rights for ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 193 0 obj <>] /Rotate 0 /Contents 194 0 R>> endobj 194 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.70 33.60 Td (F-1) Tj ET Q q 0 0 0 rg BT 310.22 33.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 722.10 Td (impairment annually in the fourth quarter) Tj ET Q q 0 0 0 rg BT 214.88 722.10 Td (, based on the carrying values of the Company) Tj ET Q q 0 0 0 rg BT 403.44 722.10 Td (s individual dealerships as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td (October31) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 94.21 714.63 Td (st) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.54 710.10 Td (, or more frequently if events or circumstances indicate possible impairment has occurred.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 692.10 Td (In performing its impairment assessments, the Company tests the carrying value of each individual franchise right that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (was recorded by using a direct value method discounted cash flow model, or income approach, specifically the excess earnings ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (method. Included in this analysis are assumptions, at a dealership level, regarding the cash flows directly attributable to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (franchise rights, revenue growth rates, future gross mar) Tj ET Q q 0 0 0 rg BT 270.63 656.10 Td (gins and future SG&A) Tj ET Q q 0 0 0 rg BT 360.35 656.10 Td ( expenses. Using an estimated ) Tj ET Q q 0 0 0 rg BT 482.92 656.10 Td (W) Tj ET Q q 0 0 0 rg BT 491.25 656.10 Td (ACC, estimated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (residual values at the end of the forecast period and estimated future capital expenditure requirements, the Company calculates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (the fair value of each dealership) Tj ET Q q 0 0 0 rg BT 180.27 632.10 Td (s franchise rights.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 614.10 Td (As of October 31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.65 614.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.65 614.10 Td ( and 2012, the Company determined that the carrying value of certain of the intangible franchise ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (rights was greater than their fair value and as such, a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.20 602.10 Td ($5.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.09 602.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.53 602.10 Td ($7.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.42 602.10 Td ( pre-tax non-cash impairment was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (recognized, respectively) Tj ET Q q 0 0 0 rg BT 146.02 590.10 Td (. ) Tj ET Q q 0 0 0 rg BT 150.84 590.10 Td (The fair value of the Company) Tj ET Q q 0 0 0 rg BT 276.63 590.10 Td (s intangible franchise rights as of October 31, 201) Tj ET Q q 0 0 0 rg BT 475.94 590.10 Td (1 was determined to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (exceed the carrying value of such assets . See Note 16, Intangible Franchise Rights and Goodwill, for additional details ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (regarding the Company) Tj ET Q q 0 0 0 rg BT 146.70 566.10 Td (s intangible franchise rights.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 548.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 100.30 548.10 Td (axes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 530.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 111.18 530.10 Td (, the Company operates in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.37 530.10 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.37 530.10 Td ( dif) Tj ET Q q 0 0 0 rg BT 241.80 530.10 Td (ferent states in the U.S., in the U.K. and in Brazil, each of which has unique tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 518.10 Td (rates and payment calculations. ) Tj ET Q q 0 0 0 rg BT 176.96 518.10 Td (As the amount of income generated in each jurisdiction varies from period to period, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 506.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 506.10 Td (s estimated ef) Tj ET Q q 0 0 0 rg BT 145.96 506.10 Td (fective tax rate can vary based on the proportion of taxable income generated in each jurisdiction.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 488.10 Td (The Company follows the liability method of accounting for income taxes in accordance with ) Tj ET Q q 0 0 0 rg BT 450.06 488.10 Td (ASC 740, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 492.02 488.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 528.59 488.10 Td (axes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.36 488.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (Under this method, deferred income taxes are recorded based on dif) Tj ET Q q 0 0 0 rg BT 320.60 476.10 Td (ferences between the financial reporting and tax basis of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (assets and liabilities and are measured using the enacted tax rates and laws that will be in ef) Tj ET Q q 0 0 0 rg BT 415.58 464.10 Td (fect when the underlying assets are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (realized or liabilities are settled. ) Tj ET Q q 0 0 0 rg BT 179.45 452.10 Td (A) Tj ET Q q 0 0 0 rg BT 186.12 452.10 Td ( valuation allowance reduces deferred tax assets when it is more likely than not that some or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (all of the deferred tax assets will not be realized.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 422.10 Td (The Company has recognized deferred tax assets, net of valuation allowances, that it believes will be realized, based ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 410.10 Td (primarily on the assumption of future taxable income. ) Tj ET Q q 0 0 0 rg BT 266.95 410.10 Td (As it relates to net operating losses, a corresponding valuation allowance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 398.10 Td (has been established to the extent that the Company has determined that net income attributable to certain jurisdictions will not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 386.10 Td (be suf) Tj ET Q q 0 0 0 rg BT 73.48 386.10 Td (ficient to realize the benefit.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 368.10 Td (Fair V) Tj ET Q q 0 0 0 rg BT 87.90 368.10 Td (alue of Financial ) Tj ET Q q 0 0 0 rg BT 161.71 368.10 Td (Assets and Liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 350.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 133.21 350.10 Td (s financial instruments consist primarily of cash and cash equivalents, contracts-in-transit and vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 338.10 Td (receivables, accounts and notes receivable, accounts payable, credit facilities, long-term debt and interest rate swaps. ) Tj ET Q q 0 0 0 rg BT 519.12 338.10 Td (The fair ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 326.10 Td (values of cash and cash equivalents, contracts-in-transit and vehicle receivables, accounts and notes receivable, accounts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 314.10 Td (payable, and credit facilities approximate their carrying values due to the short-term nature of these instruments or the existence ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 302.10 Td (of variable interest rates. ) Tj ET Q q 0 0 0 rg BT 150.29 302.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.73 302.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.32 302.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.76 302.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.76 302.10 Td (, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.47 302.10 Td ($1) Tj ET Q q 0 0 0 rg BT 322.10 302.10 Td (15.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.99 302.10 Td ( face value of the Company) Tj ET Q q 0 0 0 rg BT 484.01 302.10 Td (s outstanding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 290.10 Td (3.00%Convertible Senior Notes due 2020 \(3.00%Notes\) had a carrying value, net of applicable discount, of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.32 290.10 Td ($84.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.21 290.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 278.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.44 278.10 Td ($80.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.33 278.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 172.99 278.10 Td (, and a fair value, based on quoted market prices, of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.36 278.10 Td ($231.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.25 278.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.69 278.10 Td ($203.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.58 278.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 266.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 266.10 Td (. ) Tj ET Q q 0 0 0 rg BT 101.61 266.10 Td (Also, as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.16 266.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.75 266.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.18 266.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.18 266.10 Td (, the face value of the Company) Tj ET Q q 0 0 0 rg BT 395.41 266.10 Td (s outstanding 2.25% Convertible ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 254.10 Td (SeniorNotes due 2036 \(2.25% Notes\) was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.13 254.10 Td ($182.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.02 254.10 Td (. ) Tj ET Q q 0 0 0 rg BT 294.84 254.10 Td (The 2.25%Notes had a carrying value, net of applicable discount, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 242.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.33 242.10 Td ($160.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 119.22 242.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.66 242.10 Td ($152.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.55 242.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 250.21 242.10 Td (, and a fair value, based on quoted market prices, of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.58 242.10 Td ($231.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.47 242.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 230.10 Td ($214.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.39 230.10 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.55 230.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.14 230.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.57 230.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.57 230.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 303.24 230.10 Td (. ) Tj ET Q q 0 0 0 rg BT 308.05 230.10 Td (The Company considers the quoted market prices for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 218.10 Td (3.00% Notes and 2.25% Notes to constitute Level 2 inputs, since the market for these instruments is not active. For discussion ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 206.10 Td (on the fair value of the Company's interest rate swaps, refer to ") Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 304.47 206.10 Td (Derivative Financial Instruments") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.97 206.10 Td ( below) Tj ET Q q 0 0 0 rg BT 468.26 206.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 188.10 Td (Fair V) Tj ET Q q 0 0 0 rg BT 87.90 188.10 Td (alue of ) Tj ET Q q 0 0 0 rg BT 118.64 188.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 146.33 188.10 Td (Acquired and Liabilities ) Tj ET Q q 0 0 0 rg BT 247.91 188.10 Td (Assumed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 170.10 Td (The fair values of assets acquired and liabilities assumed in business combinations are estimated using various ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 158.10 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 103.77 158.10 Td (The most significant assumptions, and those requiring the most judgment, involve the estimated fair values of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 146.10 Td (property and equipment and intangible franchise rights, with the remaining amounts attributable to goodwill, if any) Tj ET Q q 0 0 0 rg BT 509.57 146.10 Td (. ) Tj ET Q q 0 0 0 rg BT 514.39 146.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 134.10 Td (Company utilizes third-party experts to determine the fair values of property and equipment purchased, including real estate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 122.10 Td (and its fair value model as discussed under "Intangible Franchise Rights" above to determine the fair value of intangible ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 110.10 Td (franchise rights acquired.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 92.10 Td (Derivative Financial Instruments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 74.10 Td (One of the Company) Tj ET Q q 0 0 0 rg BT 159.87 74.10 Td (s primary market risk exposures is increasing interest rates. Interest rate derivatives, designated as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 62.10 Td (cash flow hedges, are used to adjust interest rate exposures when appropriate based on market conditions.) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 195 0 obj <>] /Rotate 0 /Contents 196 0 R>> endobj 196 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 722.10 Td (The Company follows the requirements of guidance primarily codified within ) Tj ET Q q 0 0 0 rg BT 386.76 722.10 Td (ASC 815, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 428.71 722.10 Td (Derivatives and Hedging) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.24 722.10 Td ( \(ASC ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td (815\) pertaining to the accounting for derivatives and hedging activities. ) Tj ET Q q 0 0 0 rg BT 341.91 710.10 Td (ASC 815 requires the Company to recognize all cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 698.10 Td (flow hedges on its balance sheet at fair value. ) Tj ET Q q 0 0 0 rg BT 233.69 698.10 Td (The related gains or losses on these interest rate derivatives are deferred in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 686.10 Td (stockholders) Tj ET Q q 0 0 0 rg BT 102.63 686.10 Td ( equity as a component of accumulated other comprehensive loss. ) Tj ET Q q 0 0 0 rg BT 367.65 686.10 Td (These deferred gains and losses are recognized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 674.10 Td (in interest expense in the period in which the related items being hedged are recognized in interest expense. However) Tj ET Q q 0 0 0 rg BT 518.09 674.10 Td (, to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 662.10 Td (extent that the change in value of a derivative contract does not perfectly of) Tj ET Q q 0 0 0 rg BT 351.14 662.10 Td (fset the change in the value of the items being ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 650.10 Td (hedged, that inef) Tj ET Q q 0 0 0 rg BT 116.24 650.10 Td (fective portion is immediately recognized in other income or expense. Monthly contractual settlements of these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 638.10 Td (swap positions are recognized as floorplan or other interest expense in the Company's accompanying Consolidated Statements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 626.10 Td (of Operations. ) Tj ET Q q 0 0 0 rg BT 108.66 626.10 Td (All of the Company) Tj ET Q q 0 0 0 rg BT 191.15 626.10 Td (s interest rate hedges were designated as cash flow hedges and were deemed to be ef) Tj ET Q q 0 0 0 rg BT 528.88 626.10 Td (fective ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.22 614.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.80 614.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.80 614.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.80 614.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.24 614.10 Td (201) Tj ET Q q 0 0 0 rg BT 196.87 614.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.87 614.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 596.10 Td (The Company measures its interest rate derivative instruments utilizing an income approach valuation technique, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (converting future amounts of cash flows to a single present value in order to obtain a transfer exit price within the bid and ask ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (spread that is most representative of the fair value of its derivative instruments. In measuring fair value, the Company utilizes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (the option-pricing Black-Scholes present value technique for all of its derivative instruments. ) Tj ET Q q 0 0 0 rg BT 424.50 560.10 Td (This option-pricing technique ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (utilizes a one-month London Interbank Of) Tj ET Q q 0 0 0 rg BT 218.44 548.10 Td (fered Rate \(LIBOR\) forward yield curve, obtained from an independent external ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (service provider) Tj ET Q q 0 0 0 rg BT 113.79 536.10 Td (, matched to the identical maturity term of the instrument being measured. Observable inputs utilized in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (income approach valuation technique incorporate identical contractual notional amounts, fixed coupon rates, periodic terms for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (interest payments and contract maturity) Tj ET Q q 0 0 0 rg BT 207.13 512.10 Td (. ) Tj ET Q q 0 0 0 rg BT 211.95 512.10 Td (The fair value estimate of the interest rate derivative instruments also considers the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (credit risk of the Company for instruments in a liability position or the counterparty for instruments in an asset position. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.18 500.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (credit risk is calculated by using the spread between the one-month LIBOR yield curve and the relevant average 10 and 20-year ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (retail rate according to Standard and Poor) Tj ET Q q 0 0 0 rg BT 216.48 476.10 Td () Tj ET Q q 0 0 0 rg BT 219.26 476.10 Td (s) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.15 476.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 458.10 Td (The Company has determined the valuation measurement inputs of these derivative instruments to maximize the use of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 446.10 Td (observable inputs that market participants would use in pricing similar or identical instruments and market data obtained from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 434.10 Td (independent sources, which is readily observable or can be corroborated by observable market data for substantially the full ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 422.10 Td (term of the derivative instrument. ) Tj ET Q q 0 0 0 rg BT 185.57 422.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 234.91 422.10 Td (, the Company has classified the derivatives within Level2 of the ) Tj ET Q q 0 0 0 rg BT 499.01 422.10 Td (ASC 820 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 410.10 Td (hierarchy framework in Note13, Fair ) Tj ET Q q 0 0 0 rg BT 206.20 410.10 Td (V) Tj ET Q q 0 0 0 rg BT 212.32 410.10 Td (alue Measurements. ) Tj ET Q q 0 0 0 rg BT 299.05 410.10 Td (The Company validates the outputs of its valuation technique by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 398.10 Td (comparison to valuations from the respective counterparties. See Note 4, "Derivative Instruments and Risk Management ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 386.10 Td (Activities," and Note 13, "Fair ) Tj ET Q q 0 0 0 rg BT 173.85 386.10 Td (V) Tj ET Q q 0 0 0 rg BT 179.96 386.10 Td (alue Measurements," for further details regarding the Company's derivative financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 374.10 Td (instruments and fair value measurements. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 356.10 Td (Foreign Currency T) Tj ET Q q 0 0 0 rg BT 144.47 356.10 Td (ranslation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 338.10 Td (The functional currency for the Company) Tj ET Q q 0 0 0 rg BT 242.61 338.10 Td (s U.K. subsidiaries is the British pound sterling \(\) and of our Brazil ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 326.10 Td (subsidiaries is the Brazilian real. ) Tj ET Q q 0 0 0 rg BT 182.06 326.10 Td (The financial statements of all the Company) Tj ET Q q 0 0 0 rg BT 362.00 326.10 Td (s foreign subsidiaries have been translated into ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 314.10 Td (U.S.dollars. ) Tj ET Q q 0 0 0 rg BT 101.45 314.10 Td (All assets and liabilities of foreign operations are translated into U.S.dollars using period-end exchange rates and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 302.10 Td (all revenues and expenses are translated at average rates during the respective period. ) Tj ET Q q 0 0 0 rg BT 393.05 302.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 422.02 302.10 Td (ference in the U.S.dollar results ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 290.10 Td (that arise from the translation of all assets and liabilities are included in the cumulative currency translation adjustments in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 278.10 Td (accumulated other comprehensive income/loss in stockholders) Tj ET Q q 0 0 0 rg BT 302.29 278.10 Td ( equity and other income/expense, when applicable.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 260.10 Td (Factory Incentives) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 242.10 Td (In addition to the interest assistance discussed above, the Company receives various dealer incentive payments from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 230.10 Td (certain of the automobile manufacturers. ) Tj ET Q q 0 0 0 rg BT 214.25 230.10 Td (These incentive payments are typically received on parts purchases from the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 218.10 Td (automobile manufacturers and on new vehicle retail sales. ) Tj ET Q q 0 0 0 rg BT 283.95 218.10 Td (These incentives are reflected as reductions of cost of sales in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 206.10 Td (statement of operations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 188.10 Td (Earnings Per Share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 170.10 Td (The Company utilizes the two-class method for the computation of earnings per share \("EPS"\). ) Tj ET Q q 0 0 0 rg BT 456.11 170.10 Td (The two-class method ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 158.10 Td (requires a portion of net income to be allocated to participating securities, which are unvested awards of share-based payments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 146.10 Td (with non-forfeitable rights to receive dividends or dividend equivalents. ) Tj ET Q q 0 0 0 rg BT 339.24 146.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 398.95 146.10 Td (s restricted stock awards qualify as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 134.10 Td (participating securities as each contain non-forfeitable rights to dividends. Income allocated to these participating securities is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 122.10 Td (excluded from net earnings available to common shares. Basic EPS is computed by dividing net income available to basic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 110.10 Td (common shares by the weighted average number of basic common shares outstanding during the period. Diluted EPS is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 98.10 Td (computed by dividing net income available to diluted common shares by the weighted average number of dilutive common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 86.10 Td (shares outstanding during the period.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 68.10 Td (Advertising) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 197 0 obj <>] /Rotate 0 /Contents 198 0 R>> endobj 198 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 722.10 Td (The Company expenses the costs of advertising as incurred. ) Tj ET Q q 0 0 0 rg BT 315.11 722.10 Td (Advertising expense for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.38 722.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 556.97 722.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 710.10 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.44 710.10 Td (201) Tj ET Q q 0 0 0 rg BT 106.07 710.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.07 710.10 Td (, totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.78 710.10 Td ($59.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.67 710.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.67 710.10 Td ($54.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.56 710.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.00 710.10 Td ($46.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.89 710.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 384.55 710.10 Td (. ) Tj ET Q q 0 0 0 rg BT 389.00 710.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 438.90 710.10 Td (, the Company receives ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 698.10 Td (advertising assistance from some of the automobile manufacturers. ) Tj ET Q q 0 0 0 rg BT 319.51 698.10 Td (The Company must spend such advertising assistance on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 686.10 Td (qualified advertising and is subject to audit and char) Tj ET Q q 0 0 0 rg BT 258.15 686.10 Td (geback by the manufacturer) Tj ET Q q 0 0 0 rg BT 368.93 686.10 Td (. ) Tj ET Q q 0 0 0 rg BT 373.75 686.10 Td (The assistance is accounted for as an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 674.10 Td (advertising expense reimbursement and is reflected as a reduction of advertising expense, which is included in SG&A) Tj ET Q q 0 0 0 rg BT 520.75 674.10 Td ( expenses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 662.10 Td (in the accompanying Consolidated Statements of Operations, as the vehicles are sold, and in accrued expenses on the balance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 650.10 Td (sheet for amounts related to vehicles still in inventory on that date.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 632.10 Td ( ) Tj ET Q q 0 0 0 rg BT 75.45 632.10 Td (Advertising expense has been reduced by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.72 632.10 Td ($24.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.62 632.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.62 632.10 Td ($23.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.51 632.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.95 632.10 Td ($17.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.84 632.10 Td ( for advertising assistance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (received related to vehicles sold for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.13 620.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.71 620.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.71 620.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.71 620.10 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.65 620.10 Td (201) Tj ET Q q 0 0 0 rg BT 399.28 620.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.28 620.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 456.94 620.10 Td (. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 602.10 Td (Business and Credit Risk Concentrations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 584.10 Td (The Company owns and operates franchised automotive dealerships in the U.S., the U.K. and Brazil. ) Tj ET Q q 0 0 0 rg BT 478.68 584.10 Td (Automotive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (dealerships operate pursuant to franchise agreements with vehicle manufacturers. Franchise agreements generally provide the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (manufacturers or distributors with considerable influence over the operations of the dealership and generally provide for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (termination of the franchise agreement for a variety of causes. ) Tj ET Q q 0 0 0 rg BT 300.04 548.10 Td (The success of any franchised automotive dealership is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (dependent, to a lar) Tj ET Q q 0 0 0 rg BT 123.18 536.10 Td (ge extent, on the financial condition, management, marketing, production and distribution capabilities of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (vehicle manufacturers or distributors of which the Company holds franchises. ) Tj ET Q q 0 0 0 rg BT 362.85 524.10 Td (The Company purchases substantially all of its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (new vehicles from various manufacturers or distributors at the prevailing prices to all franchised dealers. ) Tj ET Q q 0 0 0 rg BT 470.29 512.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 530.00 512.10 Td (s sales ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (volume could be adversely impacted by the manufacturers) Tj ET Q q 0 0 0 rg BT 285.61 500.10 Td ( or distributors) Tj ET Q q 0 0 0 rg BT 347.09 500.10 Td ( inability to supply the dealerships with an adequate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (supply of vehicles. For the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.46 488.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.04 488.10 Td (, ) Tj ET Q q 0 0 0 rg BT 287.86 488.10 Td (T) Tj ET Q q 0 0 0 rg BT 293.27 488.10 Td (oyota \(including Lexus, Scion and ) Tj ET Q q 0 0 0 rg BT 433.06 488.10 Td (T) Tj ET Q q 0 0 0 rg BT 438.47 488.10 Td (oyota brands\), Honda ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 92.55 476.10 Td (Acura and Honda brands\), Ford \(including Ford and Lincoln brands\), BMW) Tj ET Q q 0 0 0 rg BT 397.31 476.10 Td ( \(including MINI and BMW) Tj ET Q q 0 0 0 rg BT 510.44 476.10 Td ( brands\), ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (Nissan \(including Infiniti and Nissan brands\), ) Tj ET Q q 0 0 0 rg BT 234.57 464.10 Td (V) Tj ET Q q 0 0 0 rg BT 240.50 464.10 Td (olkswagen \(including ) Tj ET Q q 0 0 0 rg BT 328.82 464.10 Td (Audi, Porsche, and ) Tj ET Q q 0 0 0 rg BT 407.24 464.10 Td (V) Tj ET Q q 0 0 0 rg BT 413.17 464.10 Td (olkswagen brands\), General Motors ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (\(including Chevrolet, GMC, Buick, and Cadillac brands\), Hyundai \(including Hyundai and Kia brands\), Daimler \(including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (Mercedes-Benz, smart, Sprinter and Maybach brands\), and Chrysler \(including Chrysler) Tj ET Q q 0 0 0 rg BT 402.33 440.10 Td (, Dodge, RAM and Jeep brands\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (accounted for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 106.69 428.10 Td (26.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.52 428.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.52 428.10 Td (12.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.35 428.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.35 428.10 Td (1) Tj ET Q q 0 0 0 rg BT 172.98 428.10 Td (1.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.81 428.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.81 428.10 Td (1) Tj ET Q q 0 0 0 rg BT 203.44 428.10 Td (1.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.27 428.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.27 428.10 Td (10.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.10 428.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.10 428.10 Td (6.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.93 428.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.93 428.10 Td (4.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.76 428.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.76 428.10 Td (4.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.59 428.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.59 428.10 Td (4.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.42 428.10 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.36 428.10 Td (4.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.19 428.10 Td ( of the Company) Tj ET Q q 0 0 0 rg BT 470.90 428.10 Td (s new vehicle sales ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (volume, respectively) Tj ET Q q 0 0 0 rg BT 132.16 416.10 Td (. No other manufacturer accounted for more than ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.68 416.10 Td (3.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.51 416.10 Td ( of the Company) Tj ET Q q 0 0 0 rg BT 421.22 416.10 Td (s total new vehicle sales volume in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 404.10 Td (. ) Tj ET Q q 0 0 0 rg BT 74.32 404.10 Td (Through the use of an open account, the Company purchases and returns parts and accessories from/to the manufacturers ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (and receives reimbursement for rebates, incentives and other earned credits. ) Tj ET Q q 0 0 0 rg BT 354.92 392.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.37 392.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.95 392.10 Td (, the Company was due ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td ($78.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.39 380.10 Td ( from various manufacturers \(see Note8, Accounts and Notes Receivable\). Receivable balances from ) Tj ET Q q 0 0 0 rg BT 520.26 380.10 Td (T) Tj ET Q q 0 0 0 rg BT 525.67 380.10 Td (oyota, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (BMW) Tj ET Q q 0 0 0 rg BT 73.58 368.10 Td (, Daimler) Tj ET Q q 0 0 0 rg BT 110.95 368.10 Td (, General Motors, Ford, Nissan, ) Tj ET Q q 0 0 0 rg BT 239.92 368.10 Td (V) Tj ET Q q 0 0 0 rg BT 245.85 368.10 Td (olkswagen, Honda, Hyundai, and Chrysler represented ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.18 368.10 Td (18.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.01 368.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.01 368.10 Td (16.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.84 368.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.84 368.10 Td (13.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.67 368.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (1) Tj ET Q q 0 0 0 rg BT 54.13 356.10 Td (1.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.96 356.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.96 356.10 Td (1) Tj ET Q q 0 0 0 rg BT 84.59 356.10 Td (1.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.42 356.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.42 356.10 Td (7.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.25 356.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.25 356.10 Td (4.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.08 356.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.08 356.10 Td (4.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.91 356.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.91 356.10 Td (3.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.74 356.10 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.68 356.10 Td (3.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.51 356.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 304.17 356.10 Td (, of this total balance due from manufacturers.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 338.10 Td (Statements of Cash Flows) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 320.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.54 320.10 Td (ith respect to all new vehicle floorplan borrowings, the manufacturers of the vehicles draft the Company) Tj ET Q q 0 0 0 rg BT 502.40 320.10 Td (s credit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (facilities directly with no cash flow to or from the Company) Tj ET Q q 0 0 0 rg BT 289.35 308.10 Td (. ) Tj ET Q q 0 0 0 rg BT 294.17 308.10 Td (W) Tj ET Q q 0 0 0 rg BT 303.21 308.10 Td (ith respect to borrowings for used vehicle financing in the U.S., ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (the Company finances up to 80% of the value of the used vehicle inventory and the funds flow directly to the Company from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (the lender) Tj ET Q q 0 0 0 rg BT 88.65 284.10 Td (. In the U.K., the Company chooses which used vehicles to finance and the borrowings flow directly to the Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (from the lender) Tj ET Q q 0 0 0 rg BT 110.59 272.10 Td (. In Brazil, dependent upon the brand, the Company either finances up to 80% of the value of the used vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (inventory or it chooses which used vehicles to finance and the funds flow directly to the Company from the lender) Tj ET Q q 0 0 0 rg BT 506.33 260.10 Td (. ) Tj ET Q q 0 0 0 rg BT 510.77 260.10 Td (All ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (borrowings from, and repayments to, lenders af) Tj ET Q q 0 0 0 rg BT 239.27 248.10 Td (filiated with the vehicle manufacturers \(excluding the cash flows from or to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (manufacturer af) Tj ET Q q 0 0 0 rg BT 112.89 236.10 Td (filiated lenders participating in the Company) Tj ET Q q 0 0 0 rg BT 294.78 236.10 Td (s syndicated lending group\) are presented within Cash Flows from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 91.43 224.10 Td (Activities on the Consolidated Statements of Cash Flows. In addition, all borrowings from, and repayments to, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 212.10 Td (syndicated lending group under the Revolving Credit Facility \(as defined in Note 1) Tj ET Q q 0 0 0 rg BT 381.28 212.10 Td (1, Credit Facilities\) \(including the cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 200.10 Td (flows from or to manufacturer af) Tj ET Q q 0 0 0 rg BT 180.66 200.10 Td (filiated lenders participating in the facility\) and borrowing from, and repayments to, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 188.10 Td (Company's other credit facilities are presented within Cash Flows from Financing ) Tj ET Q q 0 0 0 rg BT 378.73 188.10 Td (Activities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 170.10 Td (Cash paid for interest was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.86 170.10 Td ($66.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.75 170.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.75 170.10 Td ($55.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.65 170.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.08 170.10 Td ($52.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.98 170.10 Td ( in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.75 170.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.75 170.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.75 170.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.75 170.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.19 170.10 Td (201) Tj ET Q q 0 0 0 rg BT 457.82 170.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.82 170.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 515.48 170.10 Td (. Cash paid ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 158.10 Td (for taxes, net of refunds, was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.80 158.10 Td ($49.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.69 158.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.69 158.10 Td ($38.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.58 158.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.02 158.10 Td ($28.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.91 158.10 Td ( in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.69 158.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.69 158.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.69 158.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.69 158.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.13 158.10 Td (201) Tj ET Q q 0 0 0 rg BT 445.75 158.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.75 158.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 498.42 158.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 140.10 Td (Stock-Based Compensation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 122.10 Td (Stock-based compensation represents the expense related to stock-based awards granted to employees and non-employee ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 110.10 Td (directors. ) Tj ET Q q 0 0 0 rg BT 89.30 110.10 Td (The Company measures stock-based compensation expense at grant date based on the estimated fair value of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 98.10 Td (award and recognizes the cost on a straight-line basis, net of estimated forfeitures, over the employee requisite service period. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 86.10 Td (The Company estimates the fair value of its employee stock purchase rights issued pursuant to the Employee Stock Purchase ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 74.10 Td (Plan using a Black-Scholes valuation model. ) Tj ET Q q 0 0 0 rg BT 230.68 74.10 Td (The expense for stock-based awards is recognized as an SG&A) Tj ET Q q 0 0 0 rg BT 483.65 74.10 Td ( expense in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 62.10 Td (accompanying Consolidated Statement of Operations.) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 199 0 obj <>] /Rotate 0 /Contents 200 0 R>> endobj 200 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-14) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 722.25 Td (Business Segment Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 704.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 129.78 704.25 Td (, through its regions, conducts business in the automotive retailing industry) Tj ET Q q 0 0 0 rg BT 429.65 704.25 Td (, including selling new and used ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 692.25 Td (cars and light trucks, arranging related vehicle financing, selling service and insurance contracts, providing automotive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 680.25 Td (maintenance and repair services and selling vehicle parts. Ef) Tj ET Q q 0 0 0 rg BT 291.16 680.25 Td (fective with the acquisition of UAB Motors on February 28, 2013, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 668.25 Td (the Company is aligned into four geographic regions: the East and ) Tj ET Q q 0 0 0 rg BT 316.76 668.25 Td (W) Tj ET Q q 0 0 0 rg BT 325.39 668.25 Td (est Regions in the U.S., the U.K. Region, and the Brazil ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 656.25 Td (Region. ) Tj ET Q q 0 0 0 rg BT 82.83 656.25 Td (Also, in conjunction with the acquisition of UAB Motors, and consistent with how the Company's chief operating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 644.25 Td (decision maker evaluates performance and allocates resources, the Company reaf) Tj ET Q q 0 0 0 rg BT 374.17 644.25 Td (firmed that each region represents an operating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 632.25 Td (segment. ) Tj ET Q q 0 0 0 rg BT 87.27 632.25 Td (As part of this determination, the Company concluded, as it has historically) Tj ET Q q 0 0 0 rg BT 388.50 632.25 Td (, that the East and ) Tj ET Q q 0 0 0 rg BT 462.19 632.25 Td (W) Tj ET Q q 0 0 0 rg BT 470.83 632.25 Td (est Regions of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 620.25 Td (U.S. are economically similar in that they deliver the same products and services to a common customer group, their customers ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 608.25 Td (are generally individuals, they follow the same procedures and methods in managing their operations, and they operate in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 596.25 Td (similar regulatory environments; therefore, the Company aggregates these two regions into one reportable segment. ) Tj ET Q q 0 0 0 rg BT 513.81 596.25 Td (As such, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 584.25 Td (the Company's ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.30 584.25 Td (three) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.28 584.25 Td ( reportable segments are the U.S., which includes the activities of the Company's corporate of) Tj ET Q q 0 0 0 rg BT 505.85 584.25 Td (fice, the U.K., ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 572.25 Td (and Brazil. See Note21, Segment Information, for additional details regarding the Company) Tj ET Q q 0 0 0 rg BT 431.34 572.25 Td (s reportable segments.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 554.25 Td (Self-Insured Medical, Property and Casualty Reserves) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 536.25 Td (The Company purchases insurance policies for worker) Tj ET Q q 0 0 0 rg BT 292.13 536.25 Td () Tj ET Q q 0 0 0 rg BT 294.91 536.25 Td (s compensation, liability) Tj ET Q q 0 0 0 rg BT 392.30 536.25 Td (, auto physical damage, property) Tj ET Q q 0 0 0 rg BT 522.17 536.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 524.25 Td (pollution, employee medical benefits and other risks consisting of lar) Tj ET Q q 0 0 0 rg BT 325.92 524.25 Td (ge deductibles and/or self-insured retentions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 506.25 Td (Annually) Tj ET Q q 0 0 0 rg BT 110.07 506.25 Td (, the Company engages a third-party actuary to conduct a study of the exposures under the self-insured portion ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 494.25 Td (of its worker) Tj ET Q q 0 0 0 rg BT 100.97 494.25 Td () Tj ET Q q 0 0 0 rg BT 103.75 494.25 Td (s compensation and general liability insurance programs for all open policy years. In the interim, the Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 482.25 Td (reviews the estimates within the study and monitors actual experience for unusual variances. ) Tj ET Q q 0 0 0 rg BT 421.98 482.25 Td (The appropriate adjustments are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 470.25 Td (made to the accrual, based upon these procedures. ) Tj ET Q q 0 0 0 rg BT 251.64 470.25 Td (Actuarial estimates for the portion of claims not covered by insurance are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 458.25 Td (based on historical claims experience adjusted for loss trending and loss development factors. Changes in the frequency or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 446.25 Td (severity of claims from historical levels could influence the Company) Tj ET Q q 0 0 0 rg BT 331.37 446.25 Td (s reserve for claims and its financial position, results of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 434.25 Td (operations and cash flows. ) Tj ET Q q 0 0 0 rg BT 157.53 434.25 Td (A) Tj ET Q q 0 0 0 rg BT 164.20 434.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.70 434.25 Td (10%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.03 434.25 Td ( increase in the actuarially determined estimate of aggregate future losses would have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 422.25 Td (increased the reserve for these losses at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.15 422.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.74 422.25 Td (, by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.24 422.25 Td ($2.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.13 422.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 404.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 131.71 404.25 Td (s auto physical damage insurance coverage is limited and contains two layers of coverage.) Tj ET Q q 0 0 0 rg BT 495.01 404.25 Td (The first layer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 392.25 Td (covers up to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.88 392.25 Td ($10.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.77 392.25 Td ( per incident with no annual maximum after consideration of the company) Tj ET Q q 0 0 0 rg BT 454.40 392.25 Td (s deductible.) Tj ET Q q 0 0 0 rg BT 507.26 392.25 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (company) Tj ET Q q 0 0 0 rg BT 88.93 380.25 Td (s minimum deductible of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.70 380.25 Td ($2.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.59 380.25 Td ( per occurrence is applied against future losses until claims paid reach ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.71 380.25 Td ($15.0 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 368.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 368.25 Td ( in annual aggregate at which point the deductible increases to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.69 368.25 Td (50%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.02 368.25 Td ( of the incurred loss in excess of the per occurrence ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (deducible.) Tj ET Q q 0 0 0 rg BT 93.19 356.25 Td (The second layer of coverage provides for up to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.28 356.25 Td ($50.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.17 356.25 Td ( in aggregate loss coverage in excess of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.67 356.25 Td ($20.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 555.56 356.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 344.25 Td (in deductibles. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 326.25 Td (For policy years ended prior to October31, 2005, the Company) Tj ET Q q 0 0 0 rg BT 329.17 326.25 Td (s workers) Tj ET Q q 0 0 0 rg BT 370.36 326.25 Td ( compensation and general liability insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 314.25 Td (coverage included aggregate retention \(stop loss\) limits in addition to a per claim deductible limit \(Stop Loss Plans\). Due to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 302.25 Td (historical experience in both claims frequency and severity) Tj ET Q q 0 0 0 rg BT 284.59 302.25 Td (, the likelihood of breaching the aggregate retention limits described ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 290.25 Td (above was deemed remote, and as such, the Company elected not to purchase this stop loss coverage for the policy year ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 278.25 Td (beginning November1, 2005 and for each subsequent year \(No Stop Loss Plans\). ) Tj ET Q q 0 0 0 rg BT 386.74 278.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 446.45 278.25 Td (s exposure per claim under ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 266.25 Td (the No Stop Loss Plans is limited to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 195.62 266.25 Td ($1.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.51 266.25 Td ( per occurrence, with unlimited exposure on the number of claims up to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.31 266.25 Td ($1.0 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 254.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 254.25 Td ( that may be incurred. ) Tj ET Q q 0 0 0 rg BT 167.81 254.25 Td (As of December 31, 2013, we have accrued ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.95 254.25 Td ($0.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.85 254.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.28 254.25 Td ($21.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.18 254.25 Td ( million for our Stop ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 242.25 Td (Loss and No Stop Loss plans, respectively) Tj ET Q q 0 0 0 rg BT 218.55 242.25 Td (. ) Tj ET Q q 0 0 0 rg BT 223.37 242.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 283.08 242.25 Td (s maximum potential exposure under its worker's compensation and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 230.25 Td (general liability Stop Loss Plans totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.15 230.25 Td ($34.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.04 230.25 Td ( at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.25 230.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.84 230.25 Td (, before consideration of amounts previously paid ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 218.25 Td (or accruals recorded related to the Company) Tj ET Q q 0 0 0 rg BT 229.42 218.25 Td (s loss projections. ) Tj ET Q q 0 0 0 rg BT 302.76 218.25 Td (After consideration of the amounts paid or accrued, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 206.25 Td (remaining potential loss exposure under the Stop Loss Plans totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.79 206.25 Td ($13.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.68 206.25 Td ( at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.90 206.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.48 206.25 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 188.25 Td (Accounting for Convertible Debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 170.25 Td (The Company separately accounts for the liability and equity components of its convertible debt instruments in a manner ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 158.25 Td (that reflects the issuer) Tj ET Q q 0 0 0 rg BT 137.34 158.25 Td () Tj ET Q q 0 0 0 rg BT 140.12 158.25 Td (s economic interest cost. Upon issuance of a convertible debt instrument, the Company estimated the fair ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 146.25 Td (value of the debt component. ) Tj ET Q q 0 0 0 rg BT 168.17 146.25 Td (The resulting residual value is determined to be the fair value of the equity component of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 134.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 134.25 Td (s convertible debt and, until convertible, is included in the paid-in-capital section of stockholder) Tj ET Q q 0 0 0 rg BT 475.59 134.25 Td () Tj ET Q q 0 0 0 rg BT 478.37 134.25 Td (s equity) Tj ET Q q 0 0 0 rg BT 509.11 134.25 Td (, net of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 122.25 Td (applicable taxes, on the Company) Tj ET Q q 0 0 0 rg BT 187.52 122.25 Td (s Consolidated Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 314.81 122.25 Td (The value of the equity component is treated as an original ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 110.25 Td (issue discount for purposes of accounting for the debt component, which is amortized as non-cash interest expense through the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 98.25 Td (date that the convertible debt is first able to be put to the Company) Tj ET Q q 0 0 0 rg BT 315.73 98.25 Td (. See Note12, Long-term Debt, for further details on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 86.25 Td (impact of this convertible debt accounting to the Company) Tj ET Q q 0 0 0 rg BT 287.22 86.25 Td (s financial statements.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 50.25 Td (V) Tj ET Q q 0 0 0 rg BT 67.06 50.25 Td (ariable Interest Entity) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 201 0 obj <>] /Rotate 0 /Contents 202 0 R>> endobj 202 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 722.10 Td (In 2013, the Company entered into arrangements to provide a fixed-interest-rate working capital loan and various ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td (administrative services to a related-party entity that owns and operates retail automotive dealerships for a variable fee, both of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 698.10 Td (which constitute variable interests in the entity) Tj ET Q q 0 0 0 rg BT 235.47 698.10 Td (. ) Tj ET Q q 0 0 0 rg BT 240.29 698.10 Td (The Company's exposure to loss as a result of its involvement in the entity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 686.10 Td (includes the balance outstanding under the loan arrangement. ) Tj ET Q q 0 0 0 rg BT 296.73 686.10 Td (The Company holds no equity ownership interest in the entity) Tj ET Q q 0 0 0 rg BT 543.54 686.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 674.10 Td (The Company has determined that the entity meets the criteria of a variable interest entity \(VIE\). ) Tj ET Q q 0 0 0 rg BT 447.78 674.10 Td (The terms of the loan and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 662.10 Td (services agreements provide the Company with the right to control the activities of the ) Tj ET Q q 0 0 0 rg BT 397.56 662.10 Td (VIE that most significantly impact the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 650.10 Td (VIE's economic performance, the obligation to absorb potentially significant losses of the ) Tj ET Q q 0 0 0 rg BT 410.19 650.10 Td (VIE and the right to receive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 638.10 Td (potentially significant benefits from the ) Tj ET Q q 0 0 0 rg BT 210.11 638.10 Td (VIE. ) Tj ET Q q 0 0 0 rg BT 231.22 638.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 280.55 638.10 Td (, the Company qualified as the ) Tj ET Q q 0 0 0 rg BT 405.07 638.10 Td (VIE's primary beneficiary and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 626.10 Td (consolidated the assets and liabilities of the ) Tj ET Q q 0 0 0 rg BT 225.11 626.10 Td (VIE as of December 31, 2013, as well as the results of operations of the ) Tj ET Q q 0 0 0 rg BT 514.57 626.10 Td (VIE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (beginning on the ef) Tj ET Q q 0 0 0 rg BT 126.80 614.10 Td (fective date of the variable interests arrangements to December 31, 2013. ) Tj ET Q q 0 0 0 rg BT 421.78 614.10 Td (The floorplan notes payable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (liability of the ) Tj ET Q q 0 0 0 rg BT 108.47 602.10 Td (VIE is securitized by the new and used vehicle inventory of the ) Tj ET Q q 0 0 0 rg BT 364.32 602.10 Td (VIE, as well as the associated receivable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (balances from the sale of such inventory to the extent necessary) Tj ET Q q 0 0 0 rg BT 303.76 590.10 Td (. ) Tj ET Q q 0 0 0 rg BT 308.58 590.10 Td (The preliminary carrying amounts and classification of assets ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (\(which can only be used to settle the liabilities of the ) Tj ET Q q 0 0 0 rg BT 262.87 578.10 Td (VIE\) and liabilities \(for which creditors do not have recourse to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (general credit of the Company\) are included within amounts from the Company's preliminary purchase price allocations. ) Tj ET Q q 0 0 0 rg BT 534.21 566.10 Td (As ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (discussed in Note 3, "Acquisitions and Dispositions," the allocations are based on estimates and assumptions that are subject to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 542.10 Td (change within the purchase price allocation period. ) Tj ET Q q 0 0 0 rg BT 255.91 542.10 Td (The assets and liabilities included in the Company's consolidated statements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 530.10 Td (of financial position for the consolidated ) Tj ET Q q 0 0 0 rg BT 214.28 530.10 Td (VIE are as follows \(in thousands\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 498.60 408.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 498.60 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 468.60 408.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 468.60 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 438.60 408.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 438.60 105.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 468.6 m 562 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 454.6 m 562 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 452.6 m 562 452.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 423.6 m 562 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 409.6 m 562 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 407.6 m 562 407.6 l s BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 468.65 501.71259765625 m 549.275 501.71259765625 l s q 0 0 0 rg BT 468.65 503.28 Td (December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 488.27 Td (Current assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.50 488.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 488.27 Td (24,170) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 473.27 Td (Non-current assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 473.27 Td (71,033) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 458.27 Td (Total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.50 458.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 458.27 Td (95,203) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 443.27 Td (Current liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.50 443.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 443.27 Td (21,653) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 428.27 Td (Non-current liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 428.27 Td (25,374) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 413.27 Td (Total liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.50 413.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 413.27 Td (47,027) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 385.10 Td (3. ) Tj ET Q q 0 0 0 rg BT 58.95 385.10 Td (ACQUISITIONS ) Tj ET Q q 0 0 0 rg BT 134.81 385.10 Td (AND DISPOSITIONS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 367.10 Td (In February 2013, the Company purchased all of the outstanding stock of UAB Motors. ) Tj ET Q q 0 0 0 rg BT 424.17 367.10 Td (At the time of acquisition, UAB ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 355.10 Td (Motors consisted of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.44 355.10 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.44 355.10 Td ( dealerships and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.36 355.10 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.36 355.10 Td ( franchises in Brazil, as well as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.99 355.10 Td (five) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.54 355.10 Td ( collision centers. In conjunction with the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 343.10 Td (acquisition, the Company incurred ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.30 343.10 Td ($6.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.19 343.10 Td ( of costs, primarily related to professional services associated with the Brazil ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 331.10 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 98.19 331.10 Td (The Company included these costs in SG&A) Tj ET Q q 0 0 0 rg BT 277.62 331.10 Td ( in the Consolidated Statement of Operations for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 319.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.08 319.10 Td (. ) Tj ET Q q 0 0 0 rg BT 132.53 319.10 Td (As discussed in Note 2, "Summary of Significant ) Tj ET Q q 0 0 0 rg BT 331.32 319.10 Td (Accounting Policies and Estimates," in connection with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 307.10 Td (this acquisition, the Company entered into arrangements that are variable interests in a ) Tj ET Q q 0 0 0 rg BT 397.54 307.10 Td (VIE. ) Tj ET Q q 0 0 0 rg BT 419.02 307.10 Td (The Company qualifies as the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 295.10 Td (primary beneficiary of the ) Tj ET Q q 0 0 0 rg BT 156.49 295.10 Td (VIE. ) Tj ET Q q 0 0 0 rg BT 177.97 295.10 Td (The consolidation of the ) Tj ET Q q 0 0 0 rg BT 277.77 295.10 Td (VIE into the financial statements of the Company was accounted for as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 283.10 Td (a business combination. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 265.10 Td (In addition, during 2013, the Company acquired certain assets of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.60 265.10 Td (four) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.26 265.10 Td ( dealerships in the U.K. and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.12 265.10 Td (nine) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.34 265.10 Td ( dealerships in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 253.10 Td (U.S. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 235.10 Td (Aggregate consideration paid for acquisitions in 2013 totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.16 235.10 Td ($350.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.05 235.10 Td (, including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.32 235.10 Td ($269.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.21 235.10 Td ( of cash and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.75 235.10 Td (1.39 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 223.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 223.10 Td ( shares of the Company's common stock. ) Tj ET Q q 0 0 0 rg BT 244.43 223.10 Td (The consideration included amounts paid for vehicle inventory) Tj ET Q q 0 0 0 rg BT 495.10 223.10 Td (, parts inventory) Tj ET Q q 0 0 0 rg BT 559.71 223.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 211.10 Td (equipment, and furniture and fixtures, as well as the purchase of some of the associated real estate. ) Tj ET Q q 0 0 0 rg BT 446.40 211.10 Td (The Company also assumed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 199.10 Td (debt in conjunction with certain of the acquisitions, of which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.28 199.10 Td ($65.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.17 199.10 Td ( was contemporaneously extinguished. In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 187.10 Td (conjunction with the extinguishment, the Company recognized a loss of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.16 187.10 Td ($0.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.05 187.10 Td ( that is included in other expense, net on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 175.10 Td (the Consolidated Statement of Operations for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.15 175.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.73 175.10 Td (. ) Tj ET Q q 0 0 0 rg BT 377.55 175.10 Td (The purchase prices have been allocated as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 163.10 Td (set forth below based upon the consideration paid and the estimated fair values of the assets acquired and liabilities assumed at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 151.10 Td (the acquisition date. ) Tj ET Q q 0 0 0 rg BT 132.07 151.10 Td (The allocation of the purchase prices is preliminary and based on estimates and assumptions that are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 139.10 Td (subject to change within the purchase price allocation period \(generally one year from the respective acquisition date\). ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 127.10 Td (Goodwill associated with the acquisitions was assigned to the U.S., U.K. and Brazil reportable segments in the amounts of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 115.10 Td ($54.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.39 115.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.39 115.10 Td ($1.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.28 115.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.72 115.10 Td ($124.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.61 115.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 288.27 115.10 Td (.) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 203 0 obj <>] /Rotate 0 /Contents 204 0 R>> endobj 204 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-16) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 690.50 383.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 690.50 129.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 660.50 383.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 660.50 129.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 630.50 383.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 630.50 129.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 600.50 383.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 600.50 129.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 570.50 383.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 570.50 129.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 615.5 m 561.5 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 600.5 m 561.5 600.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 555.5 m 561.5 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 540.5 m 561.5 540.5 l s BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 448.85 708.61259765625 m 544.133203125 708.61259765625 l s q 0 0 0 rg BT 448.85 710.18 Td (As of Acquisition Date) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.75 695.17 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 680.17 Td (Current assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.00 680.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 680.17 Td (26,884) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 665.17 Td (Inventory) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 665.17 Td (164,743) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 650.17 Td (Property and equipment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 650.17 Td (71,389) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 635.17 Td (Goodwill & intangible franchise rights) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 635.17 Td (311,166) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 620.17 Td (Other assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 620.17 Td (864) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.00 605.17 Td (Total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.00 605.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 605.17 Td (575,046) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 590.17 Td (Current liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.00 590.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 590.17 Td (124,586) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 575.17 Td (Deferred income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 575.17 Td (31,616) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 560.17 Td (Long-term debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 560.17 Td (68,639) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.00 545.17 Td (Total liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.00 545.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 545.17 Td (224,841) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 523.00 Td (The intangible franchise rights are expected to continue for an indefinite period, therefore these rights are not amortized. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 511.00 Td (These intangible assets will be evaluated on an annual basis in accordance with ) Tj ET Q q 0 0 0 rg BT 368.56 511.00 Td (ASC 350. Goodwill represents the excess of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 499.00 Td (consideration paid compared to the fair value of net assets received in the acquisitions. ) Tj ET Q q 0 0 0 rg BT 398.37 499.00 Td (The goodwill relative to the U.S. and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 487.00 Td (U.K. reportable segments is deductible for tax purposes; however) Tj ET Q q 0 0 0 rg BT 311.25 487.00 Td (, the goodwill relative to the Brazil reportable segment is not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 475.00 Td (currently deductible for tax purposes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 457.00 Td (Our supplemental pro forma revenue and net income had the acquisition date for each of the Company's 2013 acquisitions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 445.00 Td (been January 1, 2012, are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 368.50 238.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 368.50 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 368.50 131.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 368.50 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 368.50 129.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 398.5 m 425.5 398.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 383.5 m 425.5 383.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 398.5 m 432.5 398.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 398.5 m 561.5 398.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 383.5 m 561.5 383.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 373.25 403.18 Td (Year ended December 31,) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 52 386.61259765625 m 163.474609375 386.61259765625 l s q 0 0 0 rg BT 52.00 388.18 Td (Supplemental Pro Forma:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 349.50 388.18 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 486.50 388.18 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 358.17 Td (Revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.00 358.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.65 358.17 Td (9,429,095) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.00 358.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.65 358.17 Td (8,827,801) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 343.17 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.00 343.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.15 343.17 Td (128,603) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.00 343.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 343.17 Td (120,482) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 321.00 Td (The supplemental pro forma revenue and net income are presented for informational purposes only and may not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 309.00 Td (necessarily reflect the future results of operations of the Company or what the results of operations would have been had the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 297.00 Td (Company owned and operated these businesses as of January 1, 2012.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 279.00 Td (During the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.63 279.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.21 279.00 Td (, the Company sold ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.49 279.00 Td (six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.16 279.00 Td ( dealerships and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.08 279.00 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.52 279.00 Td ( franchise in the U.S. Gross ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 267.00 Td (consideration received for these dispositions was $) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.78 267.00 Td (97.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.67 267.00 Td (. ) Tj ET Q q 0 0 0 rg BT 306.12 267.00 Td (As a result of the dispositions, a net gain of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.93 267.00 Td ($10.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.82 267.00 Td ( was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 255.00 Td (recognized for the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.82 255.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.41 255.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 237.00 Td (During 2012, the Company acquired ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.86 237.00 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.86 237.00 Td ( dealerships: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.62 237.00 Td (six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.29 237.00 Td ( in the U.K. and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.67 237.00 Td (ten) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.88 237.00 Td ( in the U.S. Consideration paid for these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 225.00 Td (dealerships totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.70 225.00 Td ($178.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.59 225.00 Td (, including amounts paid for vehicle inventory) Tj ET Q q 0 0 0 rg BT 370.17 225.00 Td (, parts inventory) Tj ET Q q 0 0 0 rg BT 434.79 225.00 Td (, equipment, and furniture and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 213.00 Td (fixtures, as well as the purchase of some of the associated real estate. ) Tj ET Q q 0 0 0 rg BT 327.83 213.00 Td (The vehicle inventory acquired in the U.K. acquisitions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 201.00 Td (was subsequently financed through borrowings under the Company's credit facility with ) Tj ET Q q 0 0 0 rg BT 404.10 201.00 Td (V) Tj ET Q q 0 0 0 rg BT 410.03 201.00 Td (olkswagen Finance, while the vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 189.00 Td (inventory acquired in the U.S. acquisitions was subsequently financed through borrowings under the Company's FMCC Facility ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 177.00 Td (and the Floorplan Line, \(each as defined in Note 1) Tj ET Q q 0 0 0 rg BT 250.17 177.00 Td (1, Credit Facilities\). In addition, during 2012, the Company terminated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.11 177.00 Td (two) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 560.11 177.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 165.00 Td (franchises and sold ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.65 165.00 Td (three) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.63 165.00 Td ( dealerships in the U.S. ) Tj ET Q q 0 0 0 rg BT 243.71 165.00 Td (The company also closed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.57 165.00 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.01 165.00 Td ( dealership in the U.K. Gross consideration ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 153.00 Td (received for these dispositions was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.41 153.00 Td ($33.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.30 153.00 Td (. ) Tj ET Q q 0 0 0 rg BT 249.75 153.00 Td (As a result of the dispositions, a net gain of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.55 153.00 Td ($1.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.45 153.00 Td ( was recognized for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 141.00 Td (the year ended December 31, 2012.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 123.00 Td (During 201) Tj ET Q q 0 0 0 rg BT 117.46 123.00 Td (1, the Company acquired ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.49 123.00 Td (seven) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.25 123.00 Td ( dealerships in the U.S. Consideration paid for these dealerships totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.24 123.00 Td ($159.6 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 111.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 111.00 Td (, including amounts paid for vehicle inventory) Tj ET Q q 0 0 0 rg BT 262.98 111.00 Td (, parts inventory) Tj ET Q q 0 0 0 rg BT 327.59 111.00 Td (, equipment, and furniture and fixtures, as well as the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 99.00 Td (purchase of some of the associated real estate. ) Tj ET Q q 0 0 0 rg BT 236.18 99.00 Td (The vehicle inventory was subsequently financed through borrowings under the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 87.00 Td (FMCC Facility and the Floorplan Line. Further) Tj ET Q q 0 0 0 rg BT 238.25 87.00 Td (, the Company was awarded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.77 87.00 Td (three) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.76 87.00 Td ( franchises in the U.S. In addition, during ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 75.00 Td (201) Tj ET Q q 0 0 0 rg BT 64.13 75.00 Td (1, the Company sold one of its non-operational dealership facilities that qualified as held-for) Tj ET Q q 0 0 0 rg BT 433.83 75.00 Td (-sale as of December31, 2010 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 63.00 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.66 63.00 Td ($4.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.55 63.00 Td ( with no gain or loss recognized by the Company related to the sale. ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 205 0 obj <>] /Rotate 0 /Contents 206 0 R>> endobj 206 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-17) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 716.25 Td (4. DERIV) Tj ET Q q 0 0 0 rg BT 90.44 716.25 Td (A) Tj ET Q q 0 0 0 rg BT 96.92 716.25 Td (TIVE INSTRUMENTS ) Tj ET Q q 0 0 0 rg BT 199.17 716.25 Td (AND RISK MANAGEMENT) Tj ET Q q 0 0 0 rg BT 325.66 716.25 Td ( ) Tj ET Q q 0 0 0 rg BT 327.61 716.25 Td (ACTIVITIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 698.25 Td (The periodic interest rates of the Revolving Credit Facility \(as defined in Note 1) Tj ET Q q 0 0 0 rg BT 393.87 698.25 Td (1, Credit Facilities\), the Real Estate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 686.25 Td (Credit Facility \(as defined in Note 12, Long-term Debt\), and certain variable-rate real estate related borrowings are indexed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 674.25 Td (to the one-month LIBOR plus an associated company credit risk rate. In order to minimize the earnings variability related to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 662.25 Td (fluctuations in these rates, the Company employs an interest rate hedging strategy) Tj ET Q q 0 0 0 rg BT 375.98 662.25 Td (, whereby it enters into arrangements with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 650.25 Td (various financial institutional counterparties with investment grade credit ratings, swapping its variable interest rate exposure ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (for a fixed interest rate over terms not to exceed the related variable-rate debt.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 620.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.94 620.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.53 620.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 195.97 620.25 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.55 620.25 Td (, the Company held interest rate swaps in ef) Tj ET Q q 0 0 0 rg BT 449.60 620.25 Td (fect of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.91 620.25 Td ($450.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.81 620.25 Td ( in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 608.25 Td (notional value that fixed its underlying one-month LIBOR at a weighted average rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.28 608.25 Td (2.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.11 608.25 Td (. ) Tj ET Q q 0 0 0 rg BT 428.93 608.25 Td (These interest rate swaps expire ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 596.25 Td (as follows: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.61 596.25 Td ($225.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.50 596.25 Td ( in 2015, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.28 596.25 Td ($150.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.17 596.25 Td ( in 2016, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.89 596.25 Td ($75.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.78 596.25 Td ( in 2017. For the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.64 596.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.22 596.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 584.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 584.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.94 584.25 Td (201) Tj ET Q q 0 0 0 rg BT 103.57 584.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.57 584.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 161.23 584.25 Td (, the impact of the Company) Tj ET Q q 0 0 0 rg BT 277.87 584.25 Td (s interest rate hedges in ef) Tj ET Q q 0 0 0 rg BT 381.81 584.25 Td (fect increased floorplan interest expense by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 572.25 Td ($9.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.39 572.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.39 572.25 Td ($10.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.28 572.25 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.22 572.25 Td ($12.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.11 572.25 Td (. ) Tj ET Q q 0 0 0 rg BT 237.93 572.25 Td (T) Tj ET Q q 0 0 0 rg BT 243.34 572.25 Td (otal floorplan interest expense was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.69 572.25 Td ($41.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.58 572.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.58 572.25 Td ($31.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.47 572.25 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.41 572.25 Td ($27.7 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 560.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 560.25 Td ( for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.74 560.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.33 560.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.33 560.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.33 560.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.77 560.25 Td (201) Tj ET Q q 0 0 0 rg BT 297.40 560.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.40 560.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 355.06 560.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 542.25 Td (In addition to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.60 542.25 Td ($450.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.49 542.25 Td ( of swaps in ef) Tj ET Q q 0 0 0 rg BT 261.63 542.25 Td (fect as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.78 542.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.36 542.25 Td (, the Company held ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.18 542.25 Td (ten) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.40 542.25 Td ( additional interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 530.25 Td (rate swaps with forward start dates between December 2014 and December 2016 and expiration dates between December 2017 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 518.25 Td (and December 2019. ) Tj ET Q q 0 0 0 rg BT 134.47 518.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.91 518.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.50 518.25 Td (, the aggregate notional value of these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.88 518.25 Td (ten) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.10 518.25 Td ( forward-starting swaps was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.07 518.25 Td ($525.0 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 506.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 506.25 Td (, and the weighted average interest rate was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.26 506.25 Td (2.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.09 506.25 Td (. ) Tj ET Q q 0 0 0 rg BT 280.91 506.25 Td (The combination of the interest rate swaps currently in ef) Tj ET Q q 0 0 0 rg BT 509.81 506.25 Td (fect and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 494.25 Td (these forward-starting swaps is structured such that the notional value in ef) Tj ET Q q 0 0 0 rg BT 348.96 494.25 Td (fect at any given time through December 2019 does ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 482.25 Td (not exceed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.03 482.25 Td ($600.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.92 482.25 Td (, which is less than the Company's expectation for variable rate debt outstanding during such period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 464.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.94 464.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.53 464.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 195.97 464.25 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.55 464.25 Td (, the Company reflected liabilities from interest rate risk management ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 452.25 Td (activities of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.93 452.25 Td ($26.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.82 452.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.26 452.25 Td ($43.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.15 452.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 278.81 452.25 Td (, in its Consolidated Balance Sheets. In addition, as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.39 452.25 Td (December31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 440.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 440.25 Td (, the Company reflected ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.07 440.25 Td ($3.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.97 440.25 Td ( of assets from interest rate risk management activities included in Other ) Tj ET Q q 0 0 0 rg BT 509.10 440.25 Td (Assets in its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 428.25 Td (Consolidated Balance Sheet. Included in ) Tj ET Q q 0 0 0 rg BT 213.90 428.25 Td (Accumulated Other Comprehensive Loss at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.36 428.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.94 428.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.94 428.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.94 428.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.38 428.25 Td (201) Tj ET Q q 0 0 0 rg BT 529.01 428.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.01 428.25 Td (, were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 416.25 Td (accumulated unrealized losses, net of income taxes, totaling ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.64 416.25 Td ($13.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.53 416.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.53 416.25 Td ($26.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.42 416.25 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.36 416.25 Td ($21.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.25 416.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 532.91 416.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 404.25 Td (related to these interest rate swaps. ) Tj ET Q q 0 0 0 rg BT 190.84 404.25 Td (As of December 31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.87 404.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.87 404.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.30 404.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.30 404.25 Td (, all of the Company) Tj ET Q q 0 0 0 rg BT 418.01 404.25 Td (s derivative contracts that were in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 392.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 392.25 Td (fect were determined to be ef) Tj ET Q q 0 0 0 rg BT 173.79 392.25 Td (fective. ) Tj ET Q q 0 0 0 rg BT 205.81 392.25 Td (The Company had no gains or losses related to inef) Tj ET Q q 0 0 0 rg BT 410.86 392.25 Td (fectiveness or amounts excluded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (from ef) Tj ET Q q 0 0 0 rg BT 79.03 380.25 Td (fectiveness testing recognized in the Consolidated Statements of Operations for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.19 380.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.77 380.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 368.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 368.25 Td (, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.33 368.25 Td (201) Tj ET Q q 0 0 0 rg BT 99.96 368.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.96 368.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 157.62 368.25 Td (. ) Tj ET Q q 0 0 0 rg BT 162.44 368.25 Td (The following table presents the impact during the current and comparative prior year periods for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (the Company) Tj ET Q q 0 0 0 rg BT 105.88 356.25 Td (s derivative financial instruments on its Consolidated Statements of Operations and Consolidated Balance Sheets.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 560.23 356.25 Td ( ) Tj ET Q 1 1 1 rg /GS0 gs 50.00 339.75 249.00 -20.00 re f /GS0 gs 1 1 1 rg /GS0 gs 299.00 339.75 4.00 -20.00 re f /GS0 gs 1 1 1 rg /GS0 gs 303.00 339.75 259.00 -20.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 305.75 249.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 299.00 305.75 4.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 303.00 305.75 84.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 387.00 305.75 4.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 391.00 305.75 83.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 474.00 305.75 4.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 478.00 305.75 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 260.75 249.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 260.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 260.75 84.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 260.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 260.75 83.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 260.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 260.75 84.00 -17.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 243.75 249.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 299.00 243.75 4.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 303.00 243.75 84.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 387.00 243.75 4.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 391.00 243.75 83.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 474.00 243.75 4.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 478.00 243.75 84.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 209.75 249.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 299.00 209.75 4.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 303.00 209.75 259.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 183.75 249.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 299.00 183.75 4.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 303.00 183.75 259.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 146.75 249.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 146.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 146.75 84.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 146.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 146.75 83.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 146.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 146.75 84.00 -17.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 319.75 m 387 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 319.75 m 391 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 319.75 m 474 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 319.75 m 478 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 319.75 m 562 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 305.75 m 387 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 305.75 m 391 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 305.75 m 474 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 305.75 m 478 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 305.75 m 562 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 291.75 m 387 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 291.75 m 474 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 291.75 m 562 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 209.75 m 387 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 209.75 m 391 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 209.75 m 474 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 209.75 m 478 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 209.75 m 562 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 196.75 m 387 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 196.75 m 391 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 196.75 m 474 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 196.75 m 478 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 196.75 m 562 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 183.75 m 387 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 183.75 m 474 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 183.75 m 562 183.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 324.42 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 372.15 331.83 Td (Amount of Unr) Tj ET Q q 0 0 0 rg BT 424.45 331.83 Td (ealized Gain \(Loss\),) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 380.00 323.83 Td (Net of ) Tj ET Q q 0 0 0 rg BT 402.51 323.83 Td (T) Tj ET Q q 0 0 0 rg BT 407.11 323.83 Td (ax, Recognized in OCI) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 310.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.70 309.98 Td (Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 296.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.50 295.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.00 295.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.70 295.98 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 282.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 407.20 281.98 Td (\(In thousands\)) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 52.5 266.91259765625 m 254.4580078125 266.91259765625 l s q 0 0 0 rg BT 52.50 268.48 Td (Derivatives in Cash Flow Hedging Relationship) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 251.32 Td (Interest rate swap contracts) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.50 248.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.65 248.42 Td (6,112) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.50 248.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.30 248.47 Td (\(12,724) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 248.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 248.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.30 248.47 Td (\(18,705) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 248.42 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 365.70 221.98 Td (Amount of Loss Reclassified fr) Tj ET Q q 0 0 0 rg BT 470.44 221.98 Td (om OCI) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 382.55 213.98 Td (into Statement of Operations) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.70 200.98 Td (Year Ended December31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.50 187.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.00 187.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.70 187.98 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 407.20 174.98 Td (\(In thousands\)) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 52.5 159.91259765625 m 289.7998046875 159.91259765625 l s q 0 0 0 rg BT 52.50 161.48 Td (Location of Loss Reclassified from OCI into Statements) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 52.5 149.91259765625 m 111.1083984375 149.91259765625 l s q 0 0 0 rg BT 52.50 151.48 Td (of Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 137.32 Td (Floorplan interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.50 134.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.30 134.47 Td (\(9,938) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.15 134.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.50 134.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.30 134.47 Td (\(10,144) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 134.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 134.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.30 134.47 Td (\(12,398) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 134.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 120.32 Td (Other interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.30 117.47 Td (\(1,213) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.15 117.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.30 117.47 Td (\(1,165) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 117.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.30 117.47 Td (\(1,014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 117.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 95.25 Td (The amount expected to be reclassified out of other comprehensive loss into earnings \(through floorplan interest expense ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 83.25 Td (or other interest expense\) in the next twelve months is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.33 83.25 Td ($10.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.22 83.25 Td (.) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 207 0 obj <>] /Rotate 0 /Contents 208 0 R>> endobj 208 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-18) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 716.25 Td (5. ST) Tj ET Q q 0 0 0 rg BT 71.55 716.25 Td (OCK-BASED COMPENSA) Tj ET Q q 0 0 0 rg BT 189.98 716.25 Td (TION PLANS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 698.25 Td (The Company provides stock-based compensation benefits to employees and non-employee directors pursuant to its 2007 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 686.25 Td (Long ) Tj ET Q q 0 0 0 rg BT 72.93 686.25 Td (T) Tj ET Q q 0 0 0 rg BT 78.34 686.25 Td (erm Incentive Plan, as amended \(the "Incentive Plan"\), as well as to employees pursuant to its 1998 Employee Stock ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 674.25 Td (Purchase Plan, as amended \(the "Purchase Plan"\).) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 656.25 Td (2007 Long T) Tj ET Q q 0 0 0 rg BT 113.36 656.25 Td (erm Incentive Plan) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 73.50 645.18 203.00 -9.09 re f /GS0 gs q 0 0 0 rg BT 73.50 638.25 Td (The Incentive Plan provides for the issuance up to ) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 276.50 645.18 43.89 -9.09 re f /GS0 gs q 0 0 0 rg BT 276.50 638.25 Td (7.5 million) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 320.39 645.18 230.85 -9.09 re f /GS0 gs q 0 0 0 rg BT 320.39 638.25 Td ( shares for grants to non-employee directors, of) Tj ET Q q 0 0 0 rg BT 509.59 638.25 Td (ficers and ) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 49.50 633.18 492.13 -9.09 re f /GS0 gs q 0 0 0 rg BT 49.50 626.25 Td (other employees of the Company and its subsidiaries of: \(a\)options \(including options qualified as incentive stock options ) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 49.50 621.18 505.67 -9.09 re f /GS0 gs q 0 0 0 rg BT 49.50 614.25 Td (under the Internal Revenue Code of 1986 and options that are non-qualified\), the exercise price of which may not be less than ) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 49.50 609.18 470.12 -9.09 re f /GS0 gs q 0 0 0 rg BT 49.50 602.25 Td (the fair market value of the common stock on the date of the grant; and \(b\)stock appreciation rights, restricted stock, ) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 49.50 597.18 500.94 -9.09 re f /GS0 gs q 0 0 0 rg BT 49.50 590.25 Td (performance awards, and bonus stock, each granted at the market price of the Company) Tj ET Q q 0 0 0 rg BT 402.98 590.25 Td (s common stock at the date of grant. ) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 49.50 585.18 121.90 -9.09 re f /GS0 gs q 0 0 0 rg BT 49.50 578.25 Td (The Incentive Plan expires on ) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 171.40 585.18 58.60 -9.09 re f /GS0 gs q 0 0 0 rg BT 171.40 578.25 Td (March8, 2017) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 230.00 585.18 312.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 230.00 578.25 Td (. ) Tj ET Q q 0 0 0 rg BT 234.82 578.25 Td (The terms of the awards \(including vesting schedules\) are established by the ) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 49.50 573.18 260.52 -9.09 re f /GS0 gs q 0 0 0 rg BT 49.50 566.25 Td (Compensation Committee of the Company) Tj ET Q q 0 0 0 rg BT 223.92 566.25 Td (s Board of Directors. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.74 566.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.18 566.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.77 566.25 Td (, there were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.18 566.25 Td (773,174) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.68 566.25 Td (shares available ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 554.25 Td (for issuance under the Incentive Plan.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 200.00 554.25 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 536.25 Td (Stock Option ) Tj ET Q q 0 0 0 rg BT 117.25 536.25 Td (A) Tj ET Q q 0 0 0 rg BT 123.17 536.25 Td (wards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 518.25 Td (No stock option awards have been granted since November 2005. During the year ended December 31, 2012, all ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 506.25 Td (remaining outstanding options were exercised. ) Tj ET Q BT /F5 10.00 Tf ET 1 1 1 rg /GS0 gs 61.50 495.02 98.89 -8.93 re f /GS0 gs q 0 0 0 rg BT 61.50 488.25 Td (Restricted Stock ) Tj ET Q q 0 0 0 rg BT 130.01 488.25 Td (A) Tj ET Q q 0 0 0 rg BT 135.94 488.25 Td (wards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 470.25 Td (The Company grants to non-employee directors and certain employees, at no cost to the recipient, restricted stock awards ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 458.25 Td (or) Tj ET Q q 0 0 0 rg BT 57.43 458.25 Td (, at their election, restricted stock units pursuant to the Incentive Plan. Restricted stock awards qualify as participating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 446.25 Td (securities as each contain non-forfeitable rights to dividends. ) Tj ET Q q 0 0 0 rg BT 294.71 446.25 Td (As such, the two-class method is required for the computation of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 434.25 Td (earnings per share. See Note 6, Earnings Per Share for further details. Restricted stock awards are considered outstanding at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 422.25 Td (the date of grant, but are subject to vesting periods ranging from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.15 422.25 Td (six months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.77 422.25 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.54 422.25 Td (five years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.69 422.25 Td (. ) Tj ET Q q 0 0 0 rg BT 409.51 422.25 Td (V) Tj ET Q q 0 0 0 rg BT 415.62 422.25 Td (ested restricted stock units, which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 410.25 Td (are not considered outstanding at the grant date, will settle in shares of common stock upon the termination of the grantees) Tj ET Q q 0 0 0 rg BT 542.23 410.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 398.25 Td (employment or directorship. In the event an employee or non-employee director terminates his or her employment or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 386.25 Td (directorship with the Company prior to the lapse of the restrictions, the shares, in most cases, will be forfeited to the Company) Tj ET Q q 0 0 0 rg BT 554.29 386.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 374.25 Td (Compensation expense for these awards is calculated based on the market price of the Company) Tj ET Q q 0 0 0 rg BT 437.15 374.25 Td (s common stock at the date of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (grant and recognized over the requisite service period. Forfeitures are estimated at the time of valuation and reduce expense ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 350.25 Td (ratably over the vesting period. ) Tj ET Q q 0 0 0 rg BT 176.50 350.25 Td (This estimate is adjusted annually based on the extent to which actual or expected forfeitures ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 338.25 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 338.25 Td (fer from the previous estimate.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 183.44 338.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.44 338.25 Td (A) Tj ET Q q 0 0 0 rg BT 192.11 338.25 Td ( summary of the awards as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.35 338.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.94 338.25 Td (, along with the changes during the year ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 326.25 Td (then ended, is as follows:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 150.87 326.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 281.75 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 281.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 281.75 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 281.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 281.75 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 253.75 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 253.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 253.75 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 253.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 253.75 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 225.75 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 225.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 225.75 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 225.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 225.75 90.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 281.75 m 468 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 281.75 m 562 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 281.75 m 468 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 281.75 m 562 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 225.75 m 468 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 212.75 m 468 212.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 210.75 m 468 210.75 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.45 285.98 Td (Awards) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 485.55 301.83 Td (W) Tj ET Q q 0 0 0 rg BT 493.11 301.83 Td (eighted) Tj ET Q q 0 0 0 rg BT 519.55 301.83 Td (A) Tj ET Q q 0 0 0 rg BT 524.74 301.83 Td (verage) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.05 293.83 Td (Grant Date) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.65 285.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 513.17 285.83 Td ( ) Tj ET Q q 0 0 0 rg BT 515.02 285.83 Td (V) Tj ET Q q 0 0 0 rg BT 520.06 285.83 Td (alue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 272.32 Td (Nonvested at December 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.15 272.32 Td (1,023,350) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.50 272.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 272.32 Td (38.19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 258.32 Td (Granted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.65 258.32 Td (324,886) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 258.32 Td (61.29) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 244.32 Td (Vested) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.30 244.37 Td (\(352,476) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 244.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 244.32 Td (27.87) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 230.32 Td (Forfeited) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.30 230.37 Td (\(62,020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 230.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 230.32 Td (42.23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 216.32 Td (Nonvested at December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.65 216.32 Td (933,740) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.50 216.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 216.32 Td (49.87) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 194.25 Td (The total fair value of restricted stock awards which vested during the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.60 194.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.18 194.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.18 194.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.18 194.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.62 194.25 Td (201) Tj ET Q q 0 0 0 rg BT 543.25 194.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 548.25 201.18 5.00 -9.09 re f /GS0 gs q 0 0 0 rg BT 548.25 194.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 49.50 189.18 15.55 -9.09 re f /GS0 gs q 0 0 0 rg BT 49.50 182.25 Td (was) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.05 182.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.55 182.25 Td ($9.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.44 182.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.44 182.25 Td ($8.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.33 182.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.77 182.25 Td ($9.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.67 182.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 291.33 182.25 Td (.) Tj ET Q BT /F5 10.00 Tf ET 1 1 1 rg /GS0 gs 61.50 171.02 129.16 -8.93 re f /GS0 gs q 0 0 0 rg BT 61.50 164.25 Td (Employee Stock Purchase Plan) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 73.50 153.18 205.22 -9.09 re f /GS0 gs q 0 0 0 rg BT 73.50 146.25 Td (The Purchase Plan authorizes the issuance of up to ) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 278.72 153.18 43.89 -9.09 re f /GS0 gs q 0 0 0 rg BT 278.72 146.25 Td (3.5 million) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 322.61 153.18 228.02 -9.09 re f /GS0 gs q 0 0 0 rg BT 322.61 146.25 Td ( shares of common stock and provides that no options to ) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 49.50 141.18 249.35 -9.09 re f /GS0 gs q 0 0 0 rg BT 49.50 134.25 Td (purchase shares may be granted under the Purchase Plan after ) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 298.85 141.18 58.60 -9.09 re f /GS0 gs q 0 0 0 rg BT 298.85 134.25 Td (March 6, 2016) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 357.44 141.18 197.54 -9.09 re f /GS0 gs q 0 0 0 rg BT 357.44 134.25 Td (. ) Tj ET Q q 0 0 0 rg BT 362.26 134.25 Td (The Purchase Plan is available to all employees ) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 49.50 129.18 491.82 -9.09 re f /GS0 gs q 0 0 0 rg BT 49.50 122.25 Td (of the Company and its participating subsidiaries and is a qualified plan as defined by Section423 of the Internal Revenue ) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 49.50 117.18 490.11 -9.09 re f /GS0 gs q 0 0 0 rg BT 49.50 110.25 Td (Code. ) Tj ET Q q 0 0 0 rg BT 75.06 110.25 Td (At the end of each fiscal quarter \(the Option Period\) during the term of the Purchase Plan, employees can acquire ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 98.25 Td (shares of common stock from the Company at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.68 98.25 Td (85%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.01 98.25 Td ( of the fair market value of the common stock on the first or the last day of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 86.25 Td (the Option Period, whichever is lower) Tj ET Q q 0 0 0 rg BT 201.14 86.25 Td (. ) Tj ET Q q 0 0 0 rg BT 205.58 86.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.03 86.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.61 86.25 Td (, there were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.03 86.25 Td (619,964) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.53 86.25 Td ( shares available for issuance under the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 74.25 Td (Purchase Plan. During the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.40 74.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.98 74.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.98 74.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.98 74.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.42 74.25 Td (201) Tj ET Q q 0 0 0 rg BT 344.05 74.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.05 74.25 Td (, the Company issued ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.65 74.25 Td (104,295) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 74.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.15 74.25 Td (106,782) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.65 74.25 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 62.25 Td (109,601) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.00 62.25 Td (shares, respectively) Tj ET Q q 0 0 0 rg BT 162.15 62.25 Td (, of common stock to employees participating in the Purchase Plan.) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 209 0 obj <>] /Rotate 0 /Contents 210 0 R>> endobj 210 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 722.10 Td (The weighted average fair value of employee stock purchase rights issued pursuant to the Purchase Plan was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.31 722.10 Td ($14.37) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.81 722.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td ($1) Tj ET Q q 0 0 0 rg BT 59.13 710.10 Td (1.90) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.63 710.10 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.57 710.10 Td ($9.74) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.07 710.10 Td ( during the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.87 710.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.45 710.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.45 710.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.45 710.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.89 710.10 Td (201) Tj ET Q q 0 0 0 rg BT 354.52 710.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.52 710.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 412.18 710.10 Td (. ) Tj ET Q q 0 0 0 rg BT 417.00 710.10 Td (The fair value of stock purchase ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 698.10 Td (rights is calculated using the grant date stock price, the value of the embed) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 347.73 705.03 202.16 -9.09 re f /GS0 gs q 0 0 0 rg BT 347.73 698.10 Td (ded call option and the value of the embedded put ) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 49.50 693.03 28.06 -9.09 re f /GS0 gs q 0 0 0 rg BT 49.50 686.10 Td (option.) Tj ET Q BT /F5 10.00 Tf ET 1 1 1 rg /GS0 gs 61.50 674.87 113.07 -8.93 re f /GS0 gs q 0 0 0 rg BT 61.50 668.10 Td (Stock-Based Compensation) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 73.50 657.03 164.81 -9.09 re f /GS0 gs q 0 0 0 rg BT 73.50 650.10 Td (T) Tj ET Q q 0 0 0 rg BT 78.91 650.10 Td (otal stock-based compensation cost was) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.31 650.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.81 650.10 Td ($13.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.71 650.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.71 650.10 Td ($1) Tj ET Q q 0 0 0 rg BT 309.33 650.10 Td (1.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.23 650.10 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.17 650.10 Td ($10.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.06 650.10 Td ( for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 638.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.08 638.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.08 638.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.08 638.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.52 638.10 Td (201) Tj ET Q q 0 0 0 rg BT 187.15 638.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.15 638.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 244.81 638.10 Td (. ) Tj ET Q q 0 0 0 rg BT 249.63 638.10 Td (T) Tj ET Q q 0 0 0 rg BT 255.04 638.10 Td (otal income tax benefit recognized for stock-based compensation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 626.10 Td (arrangements was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.91 626.10 Td ($3.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.81 626.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.81 626.10 Td ($3.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.70 626.10 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.64 626.10 Td ($2.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.53 626.10 Td ( for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.88 626.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.46 626.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.46 626.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.46 626.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.90 626.10 Td (201) Tj ET Q q 0 0 0 rg BT 516.53 626.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.53 626.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 614.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 596.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.94 596.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.53 596.10 Td (, there was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.06 596.10 Td ($36.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.96 596.10 Td ( of total unrecognized compensation cost related to stock-based ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (compensation arrangements which is expected to be recognized over a weighted-average period of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.28 584.10 Td (3.5 years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.38 584.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 566.10 Td (Cash received from Purchase Plan purchases was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.16 566.10 Td ($5.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.05 566.10 Td ( for the year ended December 31, 2013. Cash received from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (option exercises and Purchase Plan purchases was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.50 554.10 Td ($5.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.39 554.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.83 554.10 Td ($4.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.72 554.10 Td ( for the years ended December31, 2012 and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 542.10 Td (201) Tj ET Q q 0 0 0 rg BT 64.13 542.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.13 542.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 121.79 542.10 Td (. ) Tj ET Q q 0 0 0 rg BT 126.61 542.10 Td (The tax benefit realized for the tax deductions from options exercised and vesting of restricted shares totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 530.10 Td ($3.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.39 530.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.39 530.10 Td ($3.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.28 530.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.72 530.10 Td ($2.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.61 530.10 Td ( and increased additional paid in capital for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.79 530.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.38 530.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 518.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 518.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.94 518.10 Td (201) Tj ET Q q 0 0 0 rg BT 103.57 518.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.57 518.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 161.23 518.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 500.10 Td (T) Tj ET Q q 0 0 0 rg BT 78.91 500.10 Td (ax benefits relating to excess stock-based compensation deductions are presented as a financing cash inflow) Tj ET Q q 0 0 0 rg BT 509.78 500.10 Td (, so the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (Company classified ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.15 488.10 Td ($3.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.04 488.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.04 488.10 Td ($2.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.93 488.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.37 488.10 Td ($2.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.26 488.10 Td ( of excess tax benefits as an increase in financing activities and a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (corresponding decrease in operating activities in the Consolidated Statements of Cash Flows for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.05 476.10 Td (December31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 464.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.50 464.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 94.50 464.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.94 464.10 Td (201) Tj ET Q q 0 0 0 rg BT 128.57 464.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.57 464.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 186.23 464.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 446.10 Td (The Company issues new shares or treasury shares, if available, when options are exercised or restricted stock vests. ) Tj ET Q q 0 0 0 rg BT 541.23 446.10 Td (W) Tj ET Q q 0 0 0 rg BT 550.27 446.10 Td (ith ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 434.10 Td (respect to shares issued under the Purchase Plan, the Company) Tj ET Q q 0 0 0 rg BT 303.33 434.10 Td (s Board of Directors has authorized specific share repurchases to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 422.10 Td (fund the shares issuable under the Purchase Plan.) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 211 0 obj <>] /Rotate 0 /Contents 212 0 R>> endobj 212 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-20) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 716.25 Td (6. EARNINGS PER SHARE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 698.25 Td (The two-class method is utilized for the computation of EPS. ) Tj ET Q q 0 0 0 rg BT 320.22 698.25 Td (The two-class method requires a portion of net income to be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 686.25 Td (allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 674.25 Td (dividends or dividend equivalents, which included the Company) Tj ET Q q 0 0 0 rg BT 310.01 674.25 Td (s restricted stock awards. Income allocated to these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 662.25 Td (participating securities is excluded from net earnings available to common shares, as shown in the table below) Tj ET Q q 0 0 0 rg BT 490.11 662.25 Td (. Basic EPS is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 650.25 Td (computed by dividing net income available to basic common shares by the weighted average number of basic common shares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (outstanding during the period. Diluted EPS is computed by dividing net income available to diluted common shares by the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 626.25 Td (weighted average number of dilutive common shares outstanding during the period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 608.25 Td (The following table sets forth the calculation of EPS for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.80 608.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.39 608.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.39 608.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.39 608.25 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.33 608.25 Td (201) Tj ET Q q 0 0 0 rg BT 504.96 608.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.96 608.25 Td (:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.73 608.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 543.75 274.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 543.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 543.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 543.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 543.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 543.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 543.75 76.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 529.75 274.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 515.75 274.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 515.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 515.75 75.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 515.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 515.75 75.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 515.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 515.75 76.00 -23.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 492.75 274.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 469.75 274.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 469.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 469.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 469.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 469.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 469.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 469.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 442.75 274.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 442.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 442.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 442.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 442.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 442.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 442.75 76.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 428.75 274.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 414.75 274.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 414.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 414.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 414.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 414.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 414.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 414.75 76.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 400.75 274.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 386.75 274.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 386.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 386.75 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 386.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 386.75 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 386.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 386.75 76.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 373.75 274.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 359.75 274.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 359.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 359.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 359.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 359.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 359.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 359.75 76.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 345.75 274.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 331.75 274.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 331.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 331.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 331.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 331.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 331.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 331.75 76.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 577.75 m 403 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 577.75 m 407 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 577.75 m 482 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 577.75 m 486 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 577.75 m 562 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 563.75 m 403 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 563.75 m 482 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 563.75 m 562 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 469.75 m 403 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 469.75 m 482 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 469.75 m 562 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 456.75 m 403 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 454.75 m 403 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 456.75 m 482 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 454.75 m 482 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 456.75 m 562 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 454.75 m 562 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 414.75 m 403 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 414.75 m 482 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 414.75 m 562 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 401.75 m 403 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 399.75 m 403 399.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 401.75 m 482 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 399.75 m 482 399.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 401.75 m 562 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 399.75 m 562 399.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 345.75 m 403 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 345.75 m 482 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 345.75 m 562 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 332.75 m 403 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 330.75 m 403 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 332.75 m 482 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 330.75 m 482 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 332.75 m 562 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 330.75 m 562 330.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 582.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.20 581.98 Td (Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 568.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 357.00 567.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.00 567.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 515.70 567.98 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 548.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.15 555.83 Td (\(In thousands, except per) Tj ET Q q 0 0 0 rg BT 477.24 555.83 Td ( shar) Tj ET Q q 0 0 0 rg BT 494.20 555.83 Td (e) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 428.45 547.83 Td (amounts\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 534.32 Td (Weighted average basic common shares outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.65 534.32 Td (23,096) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.65 534.32 Td (21,620) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 534.32 Td (22,157) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 520.32 Td (Dilutive effect of contingently convertible notes and warrants) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.65 520.32 Td (2,213) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.65 520.32 Td (1,058) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 520.32 Td (238) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 506.32 Td (Dilutive effect of stock options, net of assumed repurchase of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 496.32 Td (treasury stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.15 497.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.15 497.42 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 497.42 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 483.32 Td (Dilutive effect of employee stock purchases, net of assumed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 473.32 Td (repurchase of treasury stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.15 474.42 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.15 474.42 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 474.42 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 460.32 Td (Weighted average dilutive common shares outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.65 460.32 Td (25,314) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.65 460.32 Td (22,688) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 460.32 Td (22,409) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 446.48 Td (Basic:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 433.32 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.50 433.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.65 433.32 Td (113,992) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.50 433.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.65 433.32 Td (100,209) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.50 433.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 433.32 Td (82,394) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 419.32 Td (Less: Earnings allocated to participating securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.65 419.32 Td (4,963) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.65 419.32 Td (5,269) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 419.32 Td (4,765) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 405.32 Td (Earnings available to basic common shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.50 405.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.65 405.32 Td (109,029) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.50 405.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.65 405.32 Td (94,940) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.50 405.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 405.32 Td (77,629) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 391.32 Td (Basic earnings per common share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.50 391.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.65 391.32 Td (4.72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.50 391.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.65 391.32 Td (4.39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.50 391.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.65 391.32 Td (3.50) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 377.48 Td (Diluted:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 364.32 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.50 364.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.65 364.32 Td (113,992) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.50 364.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.65 364.32 Td (100,209) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.50 364.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 364.32 Td (82,394) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 350.32 Td (Less: Earnings allocated to participating securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.65 350.32 Td (4,599) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.65 350.32 Td (5,062) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 350.32 Td (4,721) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 336.32 Td (Earnings available to diluted common shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.50 336.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.65 336.32 Td (109,393) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.50 336.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.65 336.32 Td (95,147) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.50 336.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 336.32 Td (77,673) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 322.32 Td (Diluted earnings per common share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.50 322.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.65 322.32 Td (4.32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.50 322.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.65 322.32 Td (4.19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.50 322.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.65 322.32 Td (3.47) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 300.25 Td (Any options with exercise prices in excess of the average market price of the Company) Tj ET Q q 0 0 0 rg BT 425.05 300.25 Td (s common stock, during each of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 288.25 Td (the quarterly periods in the years presented, are not considered when calculating the dilutive ef) Tj ET Q q 0 0 0 rg BT 428.34 288.25 Td (fect of stock options for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 276.25 Td (diluted EPS calculations. ) Tj ET Q q 0 0 0 rg BT 152.08 276.25 Td (The weighted average number of stock-based awards not) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.05 276.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.05 276.25 Td (included in the calculation of the dilutive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 264.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 264.25 Td (fect of stock-based awards was immaterial for each of the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.30 264.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.88 264.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.88 264.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.88 264.25 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.82 264.25 Td (201) Tj ET Q q 0 0 0 rg BT 480.45 264.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.45 264.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 246.25 Td (As discussed in Note12, Long-T) Tj ET Q q 0 0 0 rg BT 209.45 246.25 Td (erm Debt, the Company is required to include the dilutive ef) Tj ET Q q 0 0 0 rg BT 455.03 246.25 Td (fect, if applicable, of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 234.25 Td (net shares issuable under the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.41 234.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.24 234.25 Td (Notes and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.22 234.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.05 234.25 Td ( ) Tj ET Q q 0 0 0 rg BT 280.37 234.25 Td (W) Tj ET Q q 0 0 0 rg BT 289.01 234.25 Td (arrants \(as defined in Note 12\) sold in connection with the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 222.25 Td (2.25%Notes in its diluted common shares outstanding for the diluted earnings calculation. ) Tj ET Q q 0 0 0 rg BT 414.15 222.25 Td (As a result, the number of shares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 210.25 Td (included in the Company's diluted shares outstanding each period varies based upon the Company's average adjusted closing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 198.25 Td (common stock price during the applicable period. ) Tj ET Q q 0 0 0 rg BT 250.00 198.25 Td (Although the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.99 198.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.82 198.25 Td ( Purchased Options \(as defined in Note 12\) have the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 186.25 Td (economic benefit of decreasing the dilutive ef) Tj ET Q q 0 0 0 rg BT 232.58 186.25 Td (fect of the 2.25% Notes, the Company cannot factor this benefit into the diluted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 174.25 Td (common shares outstanding for the diluted earnings calculation since the impact would be anti-dilutive. ) Tj ET Q q 0 0 0 rg BT 466.16 174.25 Td (The average adjusted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 162.25 Td (closing price of the Company's common stock for each quarter of 2013 and the fourth quarter of 2012 was more than the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 150.25 Td (conversion price then in ef) Tj ET Q q 0 0 0 rg BT 155.95 150.25 Td (fect at the end of the period, therefore, the dilutive ef) Tj ET Q q 0 0 0 rg BT 367.34 150.25 Td (fect of the 2.25% Notes was included in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 138.25 Td (computation of diluted EPS for such periods. Since the average price of the Company's common stock for the first three ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 126.25 Td (quarters of the year ended December 31, 2012 and for each of the quarterly period in the year ended December 31, 201) Tj ET Q q 0 0 0 rg BT 525.32 126.25 Td (1, was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 114.25 Td (less than the conversion price in ef) Tj ET Q q 0 0 0 rg BT 188.16 114.25 Td (fect at the end of the respective periods, no net shares were included in the computation of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 102.25 Td (diluted EPS for such periods, as the impact would have been anti-dilutive.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 84.25 Td ( In addition, the Company is required to include the dilutive ef) Tj ET Q q 0 0 0 rg BT 323.26 84.25 Td (fect, if applicable, of the net shares issuable under the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 72.25 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.33 72.25 Td (Notes and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.32 72.25 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.15 72.25 Td ( ) Tj ET Q q 0 0 0 rg BT 163.46 72.25 Td (W) Tj ET Q q 0 0 0 rg BT 172.10 72.25 Td (arrants \(as defined in Note 12\). ) Tj ET Q q 0 0 0 rg BT 298.45 72.25 Td (As a result, the number of shares included in the Company's ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 60.25 Td (diluted shares outstanding each period varies based upon the Company's average adjusted closing common stock price during ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 48.25 Td (the applicable period. ) Tj ET Q q 0 0 0 rg BT 137.80 48.25 Td (Although the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.80 48.25 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.63 48.25 Td ( Purchased Options \(as defined in Note 12\) have the economic benefit of decreasing ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 213 0 obj <>] /Rotate 0 /Contents 214 0 R>> endobj 214 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 722.10 Td (the dilutive ef) Tj ET Q q 0 0 0 rg BT 104.86 722.10 Td (fect of the 3.00% Notes, the Company cannot factor this benefit into the diluted common shares outstanding for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td (the diluted earnings calculation since the impact would be anti-dilutive. Since the average price of the Company's common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 698.10 Td (stock, for each of the quarterly periods in the years ended December 31, 2013, 2012 and 201) Tj ET Q q 0 0 0 rg BT 419.29 698.10 Td (1, was more than the conversion ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 686.10 Td (price then in ef) Tj ET Q q 0 0 0 rg BT 109.57 686.10 Td (fect at the end of such periods, the dilutive ef) Tj ET Q q 0 0 0 rg BT 289.88 686.10 Td (fect of the 3.00% Notes was included in the computation of diluted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 674.10 Td (EPS for such periods. In addition, the dilutive ef) Tj ET Q q 0 0 0 rg BT 242.62 674.10 Td (fect of the 3.00% ) Tj ET Q q 0 0 0 rg BT 313.80 674.10 Td (W) Tj ET Q q 0 0 0 rg BT 322.44 674.10 Td (arrants was also included in the computation of diluted EPS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 662.10 Td (for each quarter of 2013 and the fourth quarter of 2012. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 644.10 Td ( Refer to Note 12, Long-T) Tj ET Q q 0 0 0 rg BT 182.21 644.10 Td (erm Debt, for a description of the changes to the conversion price of both the 2.25% Notes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (and the 3.00% Notes as a result of the Company's decision to pay cash dividends, as well as the change in convertibility of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (3.00% Notes as of December 31, 2013.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (7. INCOME ) Tj ET Q q 0 0 0 rg BT 104.04 602.10 Td (T) Tj ET Q q 0 0 0 rg BT 109.97 602.10 Td (AXES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 584.10 Td (Income before income taxes by geographic area was as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 525.60 272.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 525.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 525.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 525.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 525.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 525.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 525.60 76.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 511.60 272.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 497.60 272.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 497.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 497.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 497.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 497.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 497.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 497.60 76.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 553.6 m 402 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 553.6 m 406 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 553.6 m 482 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 553.6 m 486 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 553.6 m 562 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 539.6 m 402 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 539.6 m 482 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 539.6 m 562 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 497.6 m 402 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 497.6 m 482 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 497.6 m 562 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 497.6 m 402 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 484.6 m 402 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 482.6 m 402 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 497.6 m 482 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 484.6 m 482 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 482.6 m 482 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 497.6 m 562 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 484.6 m 562 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 482.6 m 562 482.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 557.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.20 557.83 Td (Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 543.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.50 543.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 435.50 543.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 515.70 543.83 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 529.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.70 529.83 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 516.17 Td (Domestic) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.50 516.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.65 516.17 Td (176,156) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.50 516.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.65 516.17 Td (153,347) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.50 516.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 516.17 Td (128,041) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 502.17 Td (Foreign) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.65 502.17 Td (15,739) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.65 502.17 Td (7,388) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 502.17 Td (4,053) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 488.17 Td (Total income before income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.50 488.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.65 488.17 Td (191,895) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.50 488.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.65 488.17 Td (160,735) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.50 488.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 488.17 Td (132,094) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 466.10 Td (Federal, state and foreign income taxes were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 407.60 270.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 407.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 407.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 407.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 407.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 407.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 407.60 77.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 393.60 270.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 379.60 270.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 379.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 379.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 379.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 379.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 379.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 379.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 351.60 270.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 351.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 351.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 351.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 351.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 351.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 351.60 77.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 337.60 270.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 323.60 270.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 323.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 323.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 323.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 323.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 323.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 323.60 77.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 309.60 270.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 295.60 270.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 295.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 295.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 295.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 295.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 295.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 295.60 77.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 281.60 270.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 435.6 m 401 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 435.6 m 405 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 435.6 m 481 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 435.6 m 485 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 435.6 m 562 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 421.6 m 401 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 421.6 m 481 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 421.6 m 562 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 281.6 m 401 281.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 281.6 m 481 281.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 281.6 m 562 281.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 268.6 m 401 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 266.6 m 401 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 268.6 m 481 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 266.6 m 481 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 268.6 m 562 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 266.6 m 562 266.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 439.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 398.20 439.83 Td (Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 425.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.00 425.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 434.50 425.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 515.20 425.83 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 411.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.70 411.83 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 398.17 Td (Federal:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 384.17 Td (Current) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.50 384.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.65 384.17 Td (44,785) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.50 384.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 384.17 Td (38,129) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.50 384.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 384.17 Td (21,013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 370.17 Td (Deferred) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.65 370.17 Td (19,773) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 370.17 Td (14,926) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 370.17 Td (22,913) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 356.17 Td (State:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 342.17 Td (Current) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.65 342.17 Td (4,231) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.65 342.17 Td (3,956) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 342.17 Td (2,934) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 328.17 Td (Deferred) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.65 328.17 Td (2,026) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.65 328.17 Td (1,783) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 328.17 Td (1,854) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 314.17 Td (Foreign:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 300.17 Td (Current) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.65 300.17 Td (6,475) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.65 300.17 Td (1,947) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 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million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.56 475.10 Td (. 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/F2 10.00 Tf ET q 0 0 0 rg BT 530.65 521.27 Td (87,855) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 504.27 Td (Valuation allowance on deferred tax assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.30 504.32 Td (\(28,310) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 504.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.30 504.32 Td (\(11,393) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 504.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 489.27 Td (Net deferred tax assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 489.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 489.27 Td (69,924) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 489.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 489.27 Td (76,462) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 474.27 Td (Deferred tax liabilities:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 459.27 Td (Goodwill and intangible franchise rights) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 459.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.30 459.32 Td (\(141,384) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 459.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 459.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.30 459.32 Td (\(92,900) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 459.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 444.27 Td (Depreciation expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.30 444.32 Td (\(39,285) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 444.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.30 444.32 Td (\(33,371) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 444.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 429.27 Td (Discount on 3.00% Notes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.30 429.32 Td (\(10,483) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 429.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.30 429.32 Td (\(11,728) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 429.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 414.27 Td (Discount on 2.25% Notes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.30 414.32 Td (\(7,846) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 414.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.30 414.32 Td (\(10,647) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 414.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 399.27 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.80 399.32 Td (\(999) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 399.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.30 399.32 Td (\(1,374) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 399.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 382.27 Td (Deferred tax liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.30 382.32 Td (\(199,997) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 382.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.30 382.32 Td (\(150,020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 382.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 367.27 Td (Net deferred tax liability) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 367.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.30 367.32 Td (\(130,073) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 367.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 367.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.30 367.32 Td (\(73,558) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 367.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 345.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.94 345.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.53 345.10 Td (, the Company had state NOL) Tj ET Q q 0 0 0 rg BT 295.58 345.10 Td ( carryforwards of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.48 345.10 Td ($210.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.38 345.10 Td ( that will expire between ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.73 345.10 Td (2014 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 333.10 Td (and 2033) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.44 333.10 Td (, and Brazil NOL) Tj ET Q q 0 0 0 rg BT 155.49 333.10 Td ( carryforwards of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.40 333.10 Td ($38.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.29 333.10 Td ( that may be carried forward indefinitely; to the extent that the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 321.10 Td (Company expects that net income will not be suf) Tj ET Q q 0 0 0 rg BT 244.83 321.10 Td (ficient to realize these NOLs in certain jurisdictions, a valuation allowance has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 309.10 Td (been established.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 291.10 Td (The Company had gross long-term deferred tax liabilities of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.49 291.10 Td ($216.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.38 291.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.82 291.10 Td ($173.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.71 291.10 Td (, including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.98 291.10 Td ($27.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.88 291.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 279.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.44 279.10 Td (none) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.88 279.10 Td ( related to long-term foreign deferred tax liabilities, as of December 31, 2013 and 2012, respectively) Tj ET Q q 0 0 0 rg BT 486.75 279.10 Td (. ) Tj ET Q q 0 0 0 rg BT 491.57 279.10 Td (The Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 267.10 Td (had gross long-term deferred tax assets of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.17 267.10 Td ($64.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.06 267.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.50 267.10 Td ($79.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.39 267.10 Td (, including immaterial amounts related to long-term ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 255.10 Td (foreign deferred tax assets, as of December 31, 2013 and 2012, respectively) Tj ET Q q 0 0 0 rg BT 352.07 255.10 Td (. ) Tj ET Q q 0 0 0 rg BT 356.89 255.10 Td (The Company believes it is more likely than not, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 243.10 Td (that its deferred tax assets, net of valuation allowances provided, will be realized, based primarily on our expectation of future ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 231.10 Td (taxable income, considering future reversals of existing taxable temporary dif) Tj ET Q q 0 0 0 rg BT 359.76 231.10 Td (ferences, as well as the availability of taxable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 219.10 Td (income in prior years to carry back losses to recover taxes previously paid.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 201.10 Td (The Company has not provided for U.S.deferred taxes on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.88 201.10 Td ($20.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.78 201.10 Td ( of undistributed earnings and associated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 189.10 Td (withholding taxes of its foreign subsidiaries, as the Company has taken the position that its foreign earnings will be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 177.10 Td (permanently reinvested outside the U.S.If a distribution of those earnings were to be made, the Company might be subject to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 165.10 Td (both foreign withholding taxes and U.S.income taxes, net of any allowable foreign tax credits or deductions. However) Tj ET Q q 0 0 0 rg BT 524.25 165.10 Td (, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 153.10 Td (amount of these taxes is currently not material.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 135.10 Td (The Company is subject to income tax in U.S.federal and numerous state jurisdictions, as well as in the U.K. and Brazil. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 123.10 Td (Based on applicable statutes of limitations, the Company is generally no longer subject to examinations by tax authorities in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 111.10 Td (years prior to 2008.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 93.10 Td (The Company had ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.87 93.10 Td (no) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.87 93.10 Td ( unrecognized tax benefits as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.27 93.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.85 93.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.29 93.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.29 93.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 75.10 Td (The Company did not incur any interest and penalties nor accrue any interest for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.53 75.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.11 75.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 63.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 63.10 Td (. ) Tj ET Q q 0 0 0 rg BT 74.32 63.10 Td (When applicable, consistent with prior practices, the Company recognizes interest and penalties related to uncertain tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 51.10 Td (positions in income tax expense. ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 219 0 obj <>] /Rotate 0 /Contents 220 0 R>> endobj 220 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-24) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 716.25 Td ( 8. ) Tj ET Q q 0 0 0 rg BT 61.45 716.25 Td (ACCOUNTS ) Tj ET Q q 0 0 0 rg BT 119.51 716.25 Td (AND NOTES RECEIV) Tj ET Q q 0 0 0 rg BT 217.69 716.25 Td (ABLE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 698.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 133.21 698.25 Td (s accounts and notes receivable consisted of the following:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.14 698.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 639.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 639.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 639.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 639.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 639.75 82.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 625.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 611.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 611.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 611.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 611.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 611.75 82.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 597.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 583.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 583.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 583.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 583.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 583.75 82.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 569.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 555.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 555.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 555.75 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 555.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 555.75 82.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 667.75 m 476 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 667.75 m 480 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 667.75 m 562 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 667.75 m 476 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 653.75 m 476 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 667.75 m 480 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 667.75 m 562 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 653.75 m 562 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 583.75 m 476 583.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 583.75 m 562 583.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 555.75 m 476 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 555.75 m 562 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 542.75 m 476 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 540.75 m 476 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 542.75 m 562 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 540.75 m 562 540.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 672.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.25 671.98 Td (December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 658.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.50 657.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.50 657.98 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 644.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.70 643.98 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 630.32 Td (Amounts due from manufacturers) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.50 630.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.65 630.32 Td (78,131) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.50 630.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 630.32 Td (64,039) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 616.32 Td (Parts and service receivables) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.65 616.32 Td (31,950) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 616.32 Td (17,879) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 602.32 Td (Finance and insurance receivables) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.65 602.32 Td (19,283) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 602.32 Td (16,060) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 588.32 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 588.32 Td (7,979) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 588.32 Td (14,895) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 574.32 Td (Total accounts and notes receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.65 574.32 Td (137,343) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 574.32 Td (112,873) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 560.32 Td (Less allowance for doubtful accounts) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 560.32 Td (2,285) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 560.32 Td (1,645) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 546.32 Td (Accounts and notes receivable, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.50 546.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.65 546.32 Td (135,058) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.50 546.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 546.32 Td (111,228) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 524.25 Td (9. INVENT) Tj ET Q q 0 0 0 rg BT 98.22 524.25 Td (ORIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 506.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 133.21 506.25 Td (s inventories consisted of the following:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 293.47 506.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 447.75 335.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 447.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 447.75 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 447.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 447.75 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 419.75 335.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 419.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 419.75 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 419.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 419.75 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 391.75 335.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 391.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 391.75 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 391.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 391.75 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 363.75 335.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 363.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 363.75 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 363.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 363.75 85.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 475.75 m 473 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 475.75 m 477 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 475.75 m 562 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 475.75 m 473 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 461.75 m 473 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 475.75 m 477 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 475.75 m 562 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 461.75 m 562 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 391.75 m 473 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 391.75 m 562 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 377.75 m 473 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 377.75 m 477 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 377.75 m 562 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 363.75 m 473 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 363.75 m 477 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 363.75 m 562 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 350.75 m 473 350.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 348.75 m 473 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 350.75 m 562 350.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 348.75 m 562 348.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 480.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 451.75 479.98 Td (December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 466.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 422.50 465.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.00 465.98 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 452.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 450.20 451.98 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 438.32 Td (New vehicles) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.50 438.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.15 438.32 Td (1,165,335) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.50 438.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 438.32 Td (895,484) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 424.32 Td (Used vehicles) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.65 424.32 Td (231,960) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 424.32 Td (184,775) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 410.32 Td (Rental vehicles) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.65 410.32 Td (88,523) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 410.32 Td (68,014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 396.32 Td (Parts, accessories and other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.65 396.32 Td (64,156) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 396.32 Td (50,370) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 382.32 Td (Total inventories) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.15 382.32 Td (1,549,974) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.15 382.32 Td (1,198,643) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 368.32 Td (Less lower of cost or market reserves) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.65 368.32 Td (7,656) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 368.32 Td (4,355) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 354.32 Td (Inventories, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.50 354.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.15 354.32 Td (1,542,318) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.50 354.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.15 354.32 Td (1,194,288) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 563.50 350.25 Td ( ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 221 0 obj <>] /Rotate 0 /Contents 222 0 R>> endobj 222 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-25) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 716.25 Td (10. PROPER) Tj ET Q q 0 0 0 rg BT 105.26 716.25 Td (TY) Tj ET Q q 0 0 0 rg BT 118.78 716.25 Td ( ) Tj ET Q q 0 0 0 rg BT 120.73 716.25 Td (AND EQUIPMENT) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 698.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 133.21 698.25 Td (s property and equipment consisted of the following:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.56 698.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 639.75 263.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 639.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 639.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 639.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 639.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 639.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 639.75 79.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 625.75 263.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 611.75 263.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 611.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 611.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 611.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 611.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 611.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 611.75 79.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 597.75 263.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 583.75 263.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 583.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 583.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 583.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 583.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 583.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 583.75 79.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 569.75 263.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 555.75 263.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 555.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 555.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 555.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 555.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 555.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 555.75 79.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 541.75 263.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 527.75 263.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 527.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 527.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 527.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 527.75 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 527.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 527.75 79.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 513.75 263.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 667.75 m 479 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 667.75 m 483 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 667.75 m 562 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 653.75 m 396 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 653.75 m 479 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 653.75 m 562 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 541.75 m 479 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 541.75 m 562 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 513.75 m 479 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 513.75 m 562 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 500.75 m 479 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 498.75 m 479 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 500.75 m 562 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 498.75 m 562 498.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 672.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.65 673.83 Td (Estimated) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 335.00 665.83 Td (UsefulLives) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.25 657.83 Td (in ) Tj ET Q q 0 0 0 rg BT 350.63 657.83 Td (Y) Tj ET Q q 0 0 0 rg BT 355.52 657.83 Td (ears) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 457.25 671.98 Td (December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 658.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 431.00 657.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 514.00 657.98 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 644.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.50 644.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.70 643.98 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 630.32 Td (Land) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.15 630.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.50 630.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 630.32 Td (269,778) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.50 630.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 630.32 Td (232,944) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 616.32 Td (Buildings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.70 616.32 Td (30to40) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 616.32 Td (405,918) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 616.32 Td (331,526) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 602.32 Td (Leasehold improvements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.60 602.32 Td (varies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 602.32 Td (120,531) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 602.32 Td (97,651) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 588.32 Td (Machinery and equipment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.70 588.32 Td (7 to 20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.65 588.32 Td (79,209) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 588.32 Td (69,630) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 574.32 Td (Furniture and fixtures) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.70 574.32 Td (3 to 10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.65 574.32 Td (70,918) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 574.32 Td (61,627) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 560.32 Td (Company vehicles) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.70 560.32 Td (3 to 5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.65 560.32 Td (8,508) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 560.32 Td (9,239) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 546.32 Td (Construction in progress) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.15 546.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.65 546.32 Td (19,224) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 546.32 Td (28,188) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 532.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 532.32 Td (974,086) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 532.32 Td (830,805) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 518.32 Td (Less accumulated depreciation and amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 518.32 Td (177,730) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 518.32 Td (163,037) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 504.32 Td (Property and equipment, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.50 504.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 504.32 Td (796,356) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.50 504.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 504.32 Td (667,768) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 482.25 Td (During 2013, the Company acquired ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.36 482.25 Td ($71.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.25 482.25 Td ( of fixed assets associated with dealership acquisitions, including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.97 482.25 Td ($21.6 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 470.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 470.25 Td ( for land and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.71 470.25 Td ($27.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.60 470.25 Td ( for buildings. In addition to these acquisitions, the Company incurred ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.61 470.25 Td ($69.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.50 470.25 Td ( of capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 458.25 Td (expenditures, primarily including the purchase of furniture, fixtures, and equipment and construction or renovation of facilities, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 446.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.44 446.25 Td ($38.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.33 446.25 Td ( of purchases of land or existing buildings.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 428.25 Td (During 2012, the Company acquired ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.36 428.25 Td ($45.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.25 428.25 Td ( of fixed assets associated with dealership acquisitions, including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.97 428.25 Td ($17.3 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 416.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 416.25 Td ( for land and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.71 416.25 Td ($27.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.60 416.25 Td ( for buildings. In addition to these acquisitions, the Company incurred ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.61 416.25 Td ($62.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.50 416.25 Td ( of capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 404.25 Td (expenditures, primarily including the purchase of furniture, fixtures, and equipment and construction or renovation of facilities, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 392.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.44 392.25 Td ($25.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.33 392.25 Td ( of purchases of land or existing buildings.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 374.25 Td ( ) Tj ET Q q 0 0 0 rg BT 75.45 374.25 Td (As of December 31, 2012, the Company determined that a certain real estate investment qualified as held-for) Tj ET Q q 0 0 0 rg BT 511.21 374.25 Td (-sale. ) Tj ET Q q 0 0 0 rg BT 534.53 374.25 Td (And, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (as a result, the Company classified the carrying value of such real estate investment totaling ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.38 362.25 Td ($8.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.27 362.25 Td ( in prepaid and other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 350.25 Td (current assets in its Consolidated Balance Sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 332.25 Td (Depreciation and amortization expense, including amortization of capital leases, totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.70 332.25 Td ($35.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.59 332.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.59 332.25 Td ($31.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.49 332.25 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 320.25 Td ($27.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.39 320.25 Td ( for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.74 320.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.33 320.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.33 320.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.33 320.25 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.27 320.25 Td (201) Tj ET Q q 0 0 0 rg BT 324.90 320.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.90 320.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 382.56 320.25 Td (. ) Tj ET Q q 0 0 0 rg BT 387.00 320.25 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.45 320.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.03 320.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.47 320.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.47 320.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.47 320.25 Td ($57.3 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 308.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 308.25 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.33 308.25 Td ($46.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.22 308.25 Td ( of buildings were recorded under capital leases included in property) Tj ET Q q 0 0 0 rg BT 427.92 308.25 Td (, plant and equipment, before ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 296.25 Td (accumulated depreciation, respectively) Tj ET Q q 0 0 0 rg BT 204.61 296.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 278.25 Td (1) Tj ET Q q 0 0 0 rg BT 53.95 278.25 Td (1. CREDIT) Tj ET Q q 0 0 0 rg BT 102.66 278.25 Td ( F) Tj ET Q q 0 0 0 rg BT 110.53 278.25 Td (ACILITIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 260.25 Td (In the U.S., the Company has a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.70 260.25 Td ($1.7 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.82 260.25 Td ( revolving syndicated credit arrangement with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.42 260.25 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.42 260.25 Td ( financial institutions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 248.25 Td (including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.77 248.25 Td (six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.44 248.25 Td ( manufacturer) Tj ET Q q 0 0 0 rg BT 157.04 248.25 Td (-af) Tj ET Q q 0 0 0 rg BT 167.96 248.25 Td (filiated finance companies \("Revolving Credit Facility"\). ) Tj ET Q q 0 0 0 rg BT 397.83 248.25 Td (The Company also has a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.64 248.25 Td ($200.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.53 248.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 236.25 Td (floorplan financing arrangement \(FMCC Facility\) with Ford Motor Credit Company \(FMCC\) for financing of Ford new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (vehicles in the U.S. and with several other automobile manufacturers for financing of a portion of its rental vehicle inventory) Tj ET Q q 0 0 0 rg BT 548.97 224.25 Td (. In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 212.25 Td (the U.K., the Company has financing arrangements with BMW) Tj ET Q q 0 0 0 rg BT 302.32 212.25 Td ( Financial Services, ) Tj ET Q q 0 0 0 rg BT 383.23 212.25 Td (V) Tj ET Q q 0 0 0 rg BT 389.16 212.25 Td (olkswagen Finance and FMCC for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 200.25 Td (financing of its new and used vehicles. In Brazil, the Company has financing arrangements for new) Tj ET Q q 0 0 0 rg BT 446.23 200.25 Td (, used, and rental vehicles ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 188.25 Td (with several financial institutions, most of which are manufacturer af) Tj ET Q q 0 0 0 rg BT 325.34 188.25 Td (filiated. ) Tj ET Q q 0 0 0 rg BT 358.48 188.25 Td (W) Tj ET Q q 0 0 0 rg BT 367.52 188.25 Td (ithin the Company's Consolidated Balance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 176.25 Td (Sheets, Floorplan notes payable- credit facility and other primarily reflects amounts payable for the purchase of specific new) Tj ET Q q 0 0 0 rg BT 550.06 176.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 164.25 Td (used and rental vehicle inventory \(with the exception of new and rental vehicle purchases financed through lenders af) Tj ET Q q 0 0 0 rg BT 519.42 164.25 Td (filiated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 152.25 Td (with the respective manufacturer\) whereby financing is provided by the Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 439.85 152.25 Td (. Floorplan notes payable- ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 140.25 Td (manufacturer af) Tj ET Q q 0 0 0 rg BT 112.89 140.25 Td (filiates reflects amounts related to the purchase of vehicles whereby financing is provided by the FMCC ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 128.25 Td (Facility) Tj ET Q q 0 0 0 rg BT 79.40 128.25 Td (, the financing of rental vehicles in the U.S., as well as the financing of new) Tj ET Q q 0 0 0 rg BT 381.72 128.25 Td (, used, and rental vehicles in both the U.K. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 116.25 Td (and Brazil. Payments on the floorplan notes payable are generally due as the vehicles are sold. ) Tj ET Q q 0 0 0 rg BT 428.82 116.25 Td (As a result, these obligations are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 104.25 Td (reflected in the accompanying Consolidated Balance Sheets as current liabilities. ) Tj ET Q q 0 0 0 rg BT 375.04 104.25 Td (The outstanding balances under these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 92.25 Td (financing arrangements were as follows:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 211.66 92.25 Td ( ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 223 0 obj <>] /Rotate 0 /Contents 224 0 R>> endobj 224 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-26) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 686.50 333.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 686.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 686.50 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 686.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 686.50 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 656.50 333.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 656.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 656.50 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 656.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 656.50 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 626.50 333.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 626.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 626.50 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 626.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 626.50 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 596.50 333.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 596.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 596.50 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 596.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 596.50 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 566.50 333.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 566.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 566.50 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 566.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 566.50 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 536.50 333.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 536.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 536.50 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 536.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 536.50 86.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 714.5 m 472 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 714.5 m 476 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 714.5 m 562 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 700.5 m 472 700.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 700.5 m 562 700.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 611.5 m 472 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 611.5 m 562 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 581.5 m 472 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 567.5 m 472 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 565.5 m 472 565.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 581.5 m 562 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 567.5 m 562 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 565.5 m 562 565.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 521.5 m 472 521.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 507.5 m 472 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 505.5 m 472 505.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 521.5 m 562 521.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 507.5 m 562 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 505.5 m 562 505.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 718.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 450.75 718.73 Td (December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 704.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.00 704.73 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 510.50 704.73 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 690.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 449.20 690.73 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 677.07 Td (Floorplan notes payable credit facility and other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 662.07 Td (New vehicles) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 661.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 661.17 Td (970,780) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.50 661.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 661.17 Td (837,436) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 647.07 Td (Used vehicles) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 646.17 Td (127,808) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 646.17 Td (112,261) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 632.07 Td (Rental vehicles) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.65 631.17 Td (26,442) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 631.17 Td (19,262) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 617.07 Td (Floorplan offset) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.30 616.22 Td (\(56,198) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.15 616.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.30 616.22 Td (\(112,261) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 616.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 602.07 Td (Total floorplan notes payable - credit facility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.15 601.17 Td (1,068,832) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 601.17 Td (856,698) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 587.07 Td (Other floorplan notes payable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.65 586.17 Td (18,074) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.15 586.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.50 572.07 Td (Total floorplan notes payable - credit facility and other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 571.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.15 571.17 Td (1,086,906) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.50 571.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 571.17 Td (856,698) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 557.07 Td (Floorplan notes payable manufacturer affiliates) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 542.07 Td (FMCC Facility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 541.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 541.17 Td (190,954) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.50 541.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 541.17 Td (143,028) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 527.07 Td (Foreign and rental vehicles) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 526.17 Td (155,618) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 526.17 Td (68,937) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.50 512.07 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 511.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 511.17 Td (346,572) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.50 511.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 511.17 Td (211,965) Tj ET Q BT /F2 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 489.00 Td (Revolving Credit Facility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 471.00 Td (On June 20, 2013, the Company amended its Revolving Credit Facility principally to increase the total borrowing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 459.00 Td (capacity from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.25 459.00 Td ($1.35 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.36 459.00 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.14 459.00 Td ($1.7 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.25 459.00 Td ( and to extend the term from an expiration date of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.57 459.00 Td (June1, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.40 459.00 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.18 459.00 Td (June20, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.01 459.00 Td (. ) Tj ET Q q 0 0 0 rg BT 542.83 459.00 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 447.00 Td (Revolving Credit Facility consists of two tranches, providing a maximum of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.23 447.00 Td ($1.6 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.35 447.00 Td ( for U.S. vehicle inventory floorplan ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 435.00 Td (financing \(Floorplan Line\), as well as a maximum of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.21 435.00 Td ($320.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.10 435.00 Td ( and a minimum of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.70 435.00 Td ($100.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.59 435.00 Td ( for working capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 423.00 Td (and general corporate purposes, including acquisitions \(Acquisition Line\). ) Tj ET Q q 0 0 0 rg BT 357.56 423.00 Td (The capacity under these two tranches can be re-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 411.00 Td (designated within the overall ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.80 411.00 Td ($1.7 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.91 411.00 Td ( commitment, subject to the aforementioned limits. Up to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.81 411.00 Td ($125.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.71 411.00 Td ( of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 399.00 Td (Acquisition Line can be borrowed in either euros or pound sterling. ) Tj ET Q q 0 0 0 rg BT 321.47 399.00 Td (The Revolving Credit Facility can be expanded to a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 387.00 Td (maximum commitment of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.43 387.00 Td ($1.95 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.54 387.00 Td (, subject to participating lender approval. ) Tj ET Q q 0 0 0 rg BT 373.97 387.00 Td (The Floorplan Line bears interest at rates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 375.00 Td (equal to the one-month LIBOR plus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.15 375.00 Td (125) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.15 375.00 Td ( basis points for new vehicle inventory and the one-month LIBOR plus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.76 375.00 Td (150) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.76 375.00 Td ( basis points ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 363.00 Td (for used vehicle inventory) Tj ET Q q 0 0 0 rg BT 153.54 363.00 Td (. ) Tj ET Q q 0 0 0 rg BT 158.36 363.00 Td (The ) Tj ET Q q 0 0 0 rg BT 175.85 363.00 Td (Acquisition Line bears interest at the one-month LIBOR plus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.30 363.00 Td (150) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.30 363.00 Td ( basis points plus a mar) Tj ET Q q 0 0 0 rg BT 531.73 363.00 Td (gin that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 351.00 Td (ranges from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.04 351.00 Td (zero) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.24 351.00 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.02 351.00 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.02 351.00 Td ( basis points for borrowings in U.S. dollars and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.40 351.00 Td (150) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.40 351.00 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.18 351.00 Td (250) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.18 351.00 Td ( basis points on borrowings in euros or pound ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 339.00 Td (sterling, depending on the Company) Tj ET Q q 0 0 0 rg BT 197.53 339.00 Td (s total adjusted leverage ratio. ) Tj ET Q q 0 0 0 rg BT 319.53 339.00 Td (The Floorplan Line also requires a commitment fee of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 327.00 Td (0.20%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.33 327.00 Td (per annum on the unused portion. ) Tj ET Q q 0 0 0 rg BT 214.57 327.00 Td (The ) Tj ET Q q 0 0 0 rg BT 232.06 327.00 Td (Acquisition Line requires a commitment fee ranging from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.44 327.00 Td (0.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.27 327.00 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.05 327.00 Td (0.45%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.88 327.00 Td (per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 315.00 Td (annum, depending on the Company) Tj ET Q q 0 0 0 rg BT 194.75 315.00 Td (s total adjusted leverage ratio, based on a minimum commitment of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.91 315.00 Td ($100.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.80 315.00 Td ( less ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 303.00 Td (outstanding borrowings. In conjunction with the Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 346.32 303.00 Td (, the Company has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.25 303.00 Td ($6.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.14 303.00 Td ( of related ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 291.00 Td (unamortized costs as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.14 291.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.72 291.00 Td ( that are being amortized over the term of the facility) Tj ET Q q 0 0 0 rg BT 435.65 291.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 273.00 Td (After considering the outstanding balance of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.00 273.00 Td ($1,068.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.39 273.00 Td ( at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.61 273.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.19 273.00 Td (, the Company had ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.23 273.00 Td ($31) Tj ET Q q 0 0 0 rg BT 503.86 273.00 Td (1.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.75 273.00 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 261.00 Td (available floorplan borrowing capacity under the Floorplan Line. Included in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.39 261.00 Td ($31) Tj ET Q q 0 0 0 rg BT 389.02 261.00 Td (1.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.91 261.00 Td ( available borrowings under the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 249.00 Td (Floorplan Line was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.76 249.00 Td ($56.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.66 249.00 Td ( of immediately available funds. ) Tj ET Q q 0 0 0 rg BT 315.10 249.00 Td (The weighted average interest rate on the Floorplan Line was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 237.00 Td (1.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.33 237.00 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 94.49 237.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.07 237.00 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.51 237.00 Td (1.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.34 237.00 Td ( as of December31, 2012, excluding the impact of the Company) Tj ET Q q 0 0 0 rg BT 474.66 237.00 Td (s interest rate swaps. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 225.00 Td (Amounts borrowed by the Company under the Floorplan Line for specific vehicle inventory are to be repaid upon the sale of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 213.00 Td (the vehicle financed, and in no case is a borrowing for a vehicle to remain outstanding for greater than ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.01 213.00 Td (one year) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.61 213.00 Td (. ) Tj ET Q q 0 0 0 rg BT 499.43 213.00 Td (W) Tj ET Q q 0 0 0 rg BT 508.46 213.00 Td (ith regards to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 201.00 Td (the ) Tj ET Q q 0 0 0 rg BT 63.67 201.00 Td (Acquisition Line, borrowings outstanding as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.03 201.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.62 201.00 Td ( were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.04 201.00 Td ($60.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.94 201.00 Td (. ) Tj ET Q q 0 0 0 rg BT 416.38 201.00 Td (After considering ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.14 201.00 Td ($32.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.03 201.00 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 189.00 Td (outstanding letters of credit and other factors included in the Company) Tj ET Q q 0 0 0 rg BT 334.98 189.00 Td (s available borrowing base calculation, there was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.79 189.00 Td ($228.0 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 177.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 177.00 Td ( of available borrowing capacity under the ) Tj ET Q q 0 0 0 rg BT 249.71 177.00 Td (Acquisition Line as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.37 177.00 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.95 177.00 Td (. ) Tj ET Q q 0 0 0 rg BT 424.77 177.00 Td (The amount of available ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 165.00 Td (borrowing capacity under the ) Tj ET Q q 0 0 0 rg BT 168.90 165.00 Td (Acquisition Line is limited from time to time based upon certain debt covenants. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 147.00 Td (All of the Company) Tj ET Q q 0 0 0 rg BT 155.99 147.00 Td (s domestic dealership-owning subsidiaries are co-borrowers under the Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 539.69 147.00 Td (. ) Tj ET Q q 0 0 0 rg BT 544.51 147.00 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 135.00 Td (Company's obligations under the Revolving Credit Facility are secured by essentially all of the Company's domestic personal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 123.00 Td (property \(other than equity interests in dealership-owning subsidiaries\), including all motor vehicle inventory and proceeds ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 111.00 Td (from the disposition of dealership-owning subsidiaries. ) Tj ET Q q 0 0 0 rg BT 272.34 111.00 Td (The Revolving Credit Facility contains a number of significant ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 99.00 Td (covenants that, among other things, restrict the Company) Tj ET Q q 0 0 0 rg BT 280.84 99.00 Td (s ability to make disbursements outside of the ordinary course of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 87.00 Td (business, dispose of assets, incur additional indebtedness, create liens on assets, make investments and engage in mer) Tj ET Q q 0 0 0 rg BT 518.65 87.00 Td (gers or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 75.00 Td (consolidations. ) Tj ET Q q 0 0 0 rg BT 112.09 75.00 Td (The Company is also required to comply with specified financial tests and ratios defined in the Revolving ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 63.00 Td (Credit Facility) Tj ET Q q 0 0 0 rg BT 106.90 63.00 Td (, such as fixed char) Tj ET Q q 0 0 0 rg BT 183.63 63.00 Td (ge coverage, total adjusted leverage, and senior secured adjusted leverage. Further) Tj ET Q q 0 0 0 rg BT 512.25 63.00 Td (, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 51.00 Td (Revolving Credit Facility restricts the Company) Tj ET Q q 0 0 0 rg BT 244.75 51.00 Td (s ability to make certain payments, such as dividends or other distributions of ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 225 0 obj <>] /Rotate 0 /Contents 226 0 R>> endobj 226 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-27) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 722.10 Td (assets, properties, cash, rights, obligations or securities \("Restricted Payments"\). ) Tj ET Q q 0 0 0 rg BT 372.97 722.10 Td (The Restricted Payments cannot exceed the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td (sum of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.50 710.10 Td ($125.0 million plus \(or minus if negative\) \(a\) one-half of the aggregate consolidated net income of the Company for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 698.10 Td (period beginning on January 1, 2013 and ending on the date of determination and \(b\) the amount of net cash proceeds received ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 686.10 Td (from the sale of capital stock on or after January 1, 2013 and ending on the date of determination less \(c\) cash dividends and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 674.10 Td (share repurchases) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.30 674.10 Td ( \(Restricted Payment Basket\). For purposes of the calculation of the Restricted Payment Basket, net income ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 662.10 Td (represents such amounts per the consolidated financial statements adjusted to exclude the Company) Tj ET Q q 0 0 0 rg BT 451.05 662.10 Td (s foreign operations, non-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 650.10 Td (cash interest expense, non-cash asset impairment char) Tj ET Q q 0 0 0 rg BT 265.07 650.10 Td (ges, and non-cash stock-based compensation. ) Tj ET Q q 0 0 0 rg BT 448.64 650.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.08 650.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.66 650.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 638.10 Td (the Restricted Payment Basket totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.18 638.10 Td ($164.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.07 638.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 620.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.94 620.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.53 620.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 195.97 620.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.97 620.10 Td (, the Company was in compliance with all applicable covenants and ratios under the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 151.06 608.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 153.56 608.10 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 63.00 590.10 Td (Ford Motor Credit Company Facility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 572.10 Td (The FMCC Facility provides for the financing of, and is collateralized by) Tj ET Q q 0 0 0 rg BT 366.11 572.10 Td (, the Company) Tj ET Q q 0 0 0 rg BT 427.49 572.10 Td (s Ford new vehicle inventory) Tj ET Q q 0 0 0 rg BT 543.49 572.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (including af) Tj ET Q q 0 0 0 rg BT 97.36 560.10 Td (filiated brands. ) Tj ET Q q 0 0 0 rg BT 159.66 560.10 Td (This arrangement provides for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.51 560.10 Td ($200.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.40 560.10 Td ( of floorplan financing and is an ever) Tj ET Q q 0 0 0 rg BT 490.22 560.10 Td (green ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (arrangement that may be canceled with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.87 548.10 Td (30 days) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.70 548.10 Td ( notice by either party) Tj ET Q q 0 0 0 rg BT 326.79 548.10 Td (. ) Tj ET Q q 0 0 0 rg BT 331.24 548.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.69 548.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.27 548.10 Td (, the Company had an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (outstanding balance of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.53 536.10 Td ($191.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.42 536.10 Td ( under the FMCC Facility with an available floorplan borrowing capacity of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.01 536.10 Td ($9.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 556.90 536.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (During the fourth quarter of 2013, the Prime rate floor of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.99 524.10 Td (3.50%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.82 524.10 Td ( was eliminated, thus this facility bears interest at a rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (Prime plus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.06 512.10 Td (150) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.06 512.10 Td ( basis points minus certain incentives. ) Tj ET Q q 0 0 0 rg BT 263.65 512.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.09 512.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.67 512.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.11 512.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.11 512.10 Td (, the interest rate on the FMCC ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (Facility was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.60 500.10 Td (4.75%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.43 500.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.87 500.10 Td (5.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.70 500.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 224.36 500.10 Td (, before considering the applicable incentives.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.90 500.10 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 63.00 482.10 Td (Other Credit Facilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 464.10 Td (The Company has credit facilities with BMW) Tj ET Q q 0 0 0 rg BT 256.05 464.10 Td ( Financial Services, ) Tj ET Q q 0 0 0 rg BT 336.96 464.10 Td (V) Tj ET Q q 0 0 0 rg BT 342.89 464.10 Td (olkswagen Finance and FMCC for the financing of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (new) Tj ET Q q 0 0 0 rg BT 65.51 452.10 Td (, used and rental vehicle inventories related to its U.K. operations. ) Tj ET Q q 0 0 0 rg BT 332.20 452.10 Td (These facilities are denominated in pound sterling and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (are ever) Tj ET Q q 0 0 0 rg BT 81.23 440.10 Td (green arrangements that may be canceled with notice by either party and bear interest at a base rate, plus a surchar) Tj ET Q q 0 0 0 rg BT 537.79 440.10 Td (ge ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (that varies based upon the type of vehicle being financed. Dependent upon the type of inventory financed, the interest rates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (char) Tj ET Q q 0 0 0 rg BT 66.53 416.10 Td (ged on borrowings outstanding under these facilities ranged from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.07 416.10 Td (1.09%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.90 416.10 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.68 416.10 Td (3.95%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.51 416.10 Td (, as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.17 416.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.75 416.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 398.10 Td (The Company has credit facilities with financial institutions in Brazil, most of which are af) Tj ET Q q 0 0 0 rg BT 431.39 398.10 Td (filiated with the manufacturers, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 386.10 Td (for the financing of new) Tj ET Q q 0 0 0 rg BT 145.48 386.10 Td (, used and rental vehicle inventories related to its Brazil operations. ) Tj ET Q q 0 0 0 rg BT 417.16 386.10 Td (These facilities are denominated in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 374.10 Td (Brazilian real and have renewal terms ranging from one month to twelve months. ) Tj ET Q q 0 0 0 rg BT 377.00 374.10 Td (They may be canceled with notice by either ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 362.10 Td (party and bear interest at a benchmark rate, plus a surchar) Tj ET Q q 0 0 0 rg BT 280.05 362.10 Td (ge that varies based upon the type of vehicle being financed. ) Tj ET Q q 0 0 0 rg BT 523.85 362.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 350.10 Td (December 31, 2013, the interest rates char) Tj ET Q q 0 0 0 rg BT 218.14 350.10 Td (ged on borrowings outstanding under these facilities ranged from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.68 350.10 Td (14.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.51 350.10 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.29 350.10 Td (18.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.12 350.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 332.10 Td (Excluding rental vehicles financed through the Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 364.44 332.10 Td (, financing for U.S. rental vehicles is typically ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (obtained directly from the automobile manufacturers. ) Tj ET Q q 0 0 0 rg BT 265.63 320.10 Td (These financing arrangements generally require small monthly payments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (and mature in varying amounts over a period of two years. ) Tj ET Q q 0 0 0 rg BT 285.54 308.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.99 308.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.57 308.10 Td (, the interest rate char) Tj ET Q q 0 0 0 rg BT 474.73 308.10 Td (ged on borrowings ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (related to the Company) Tj ET Q q 0 0 0 rg BT 145.86 296.10 Td (s rental vehicle fleet varied up to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.42 296.10 Td (4.75%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.25 296.10 Td (. Rental vehicles are typically transferred to used vehicle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (inventory when they are removed from rental service and repayment of the borrowing is required at that time.) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 227 0 obj <>] /Rotate 0 /Contents 228 0 R>> endobj 228 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-28) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 716.25 Td (12. LONG-TERM DEBT) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 698.25 Td (The Company carries its long-term debt at face value, net of applicable discounts. Long-term debt consisted of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 686.25 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 627.75 342.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 627.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 627.75 81.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 627.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 627.75 81.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 579.75 342.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 579.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 579.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 579.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 579.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 551.75 342.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 551.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 551.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 551.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 551.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 513.75 342.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 513.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 513.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 485.75 342.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 485.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 485.75 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 485.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 485.75 81.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 655.75 m 477 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 655.75 m 481 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 655.75 m 562 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 641.75 m 477 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 641.75 m 562 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 513.75 m 477 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 513.75 m 562 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 513.75 m 562 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 485.75 m 477 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 485.75 m 562 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 472.75 m 477 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 470.75 m 477 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 472.75 m 562 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 470.75 m 562 470.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 660.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.25 659.98 Td (December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 646.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 428.00 645.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.00 645.98 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 632.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.70 631.98 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 618.32 Td (2.25% Convertible Senior Notes due 2036 \(principal of $182,753 at December31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 608.32 Td (2013 and 2012, respectively\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 608.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.65 608.42 Td (160,334) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.50 608.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 608.42 Td (152,363) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 594.32 Td (3.00% Convertible Senior Notes due 2020 \(principal of $115,000 at December31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 584.32 Td (2013 and 2012, respectively\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.65 584.42 Td (84,305) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 584.42 Td (80,706) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 570.32 Td (Real Estate Credit Facility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.65 570.32 Td (67,719) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 570.32 Td (56,677) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 556.32 Td (Acquisition Line) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.65 556.32 Td (60,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.15 556.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 542.32 Td (Other real estate related and long-term debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.65 542.32 Td (279,167) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 542.32 Td (249,710) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 528.32 Td (Capital lease obligations related to real estate, maturing in varying amounts through) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 518.32 Td (June 2034 with a weighted average interest rate of 10.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.65 518.42 Td (47,553) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 518.42 Td (38,232) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.65 504.32 Td (699,078) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 504.32 Td (577,688) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 490.32 Td (Less current maturities of real estate credit facility and other long-term debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.65 490.32 Td (35,389) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 490.32 Td (22,672) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 476.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.65 476.32 Td (663,689) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.50 476.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 476.32 Td (555,016) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 454.25 Td (Included in current maturities of long-term debt and short-term financing in the Company's Consolidated Balance Sheets ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 442.25 Td (as of December 31, 2013 and December 31, 2012 was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.32 442.25 Td ($0.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.21 442.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.65 442.25 Td ($8.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.54 442.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 438.20 442.25 Td (, of short-term financing that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 430.25 Td (is due within one year of the respective balance sheet date. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 63.00 412.25 Td (2.25%Convertible Senior Notes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 394.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 133.21 394.25 Td (s outstanding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.77 394.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.60 394.25 Td (Notes bear interest at a rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.54 394.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.37 394.25 Td (per year until ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.68 394.25 Td (June15, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.51 394.25 Td (, and at a rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 382.25 Td (2.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.33 382.25 Td (per year thereafter) Tj ET Q q 0 0 0 rg BT 150.55 382.25 Td (. Interest on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.26 382.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.09 382.25 Td (Notes is payable semiannually) Tj ET Q q 0 0 0 rg BT 364.85 382.25 Td (, in arrears, in cash on June 15 and December 15 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 370.25 Td (of each year) Tj ET Q q 0 0 0 rg BT 97.80 370.25 Td (. ) Tj ET Q q 0 0 0 rg BT 102.62 370.25 Td (The 2.25%Notes mature on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.59 370.25 Td (June15, 2036) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.42 370.25 Td (, unless earlier converted, redeemed or repurchased. ) Tj ET Q q 0 0 0 rg BT 483.69 370.25 Td (T) Tj ET Q q 0 0 0 rg BT 489.10 370.25 Td (o date, we have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 358.25 Td (redeemed $104.7 million par value of outstanding 2.25% Notes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 340.25 Td (The Company may redeem all or part of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.49 340.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.32 340.25 Td (Notes if the last reported sale price of the Company's common stock is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 328.25 Td (greater than or equal to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.73 328.25 Td (130%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.06 328.25 Td ( of the conversion price then in ef) Tj ET Q q 0 0 0 rg BT 302.56 328.25 Td (fect for at least ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.74 328.25 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.74 328.25 Td ( trading days within a period of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.77 328.25 Td (30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.77 328.25 Td ( consecutive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 316.25 Td (trading date ending on the trading day prior to the date on which the Company mails the redemption notice. On or after June15, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 304.25 Td (2016, the Company may redeem all or part of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.16 304.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.99 304.25 Td (Notes at any time. ) Tj ET Q q 0 0 0 rg BT 352.20 304.25 Td (Any redemption of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.51 304.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.34 304.25 Td (Notes will be for cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 292.25 Td (at 100% of the principal amount of the 2.25% Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 280.25 Td (redemption date. Holders of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.90 280.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.73 280.25 Td (Notes may require the Company to repurchase all or a portion of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.98 280.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.81 280.25 Td (Notes on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 268.25 Td (each of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.15 268.25 Td (June15, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.98 268.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.41 268.25 Td (June15, 2026) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.24 268.25 Td (. In addition, if the Company experiences specified types of fundamental changes, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 256.25 Td (including a change in control or delisting of the company's common stock, holders of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.89 256.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.72 256.25 Td (Notes may require the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 244.25 Td (Company to repurchase the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.69 244.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.52 244.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 217.80 244.25 Td (Any repurchase of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.87 244.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.70 244.25 Td (Notes pursuant to these provisions will be for cash at a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 232.25 Td (price equal to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 106.42 232.25 Td (100%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.75 232.25 Td ( of the principal amount of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.88 232.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.71 232.25 Td (Notes to be repurchased, plus any accrued and unpaid interest to, but ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 220.25 Td (excluding, the purchase date.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 202.25 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.55 202.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.38 202.25 Td (Notes are convertible into cash and, if applicable, common stock based on the then-applicable conversion rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 190.25 Td (under the following circumstances: \(a\) during any calendar quarter \(and only during such calendar quarter\), if the closing price ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 178.25 Td (of the Company) Tj ET Q q 0 0 0 rg BT 116.71 178.25 Td (s common stock for at least ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.91 178.25 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.91 178.25 Td ( trading days in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.56 178.25 Td (30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.56 178.25 Td ( consecutive trading days ending on the last trading day ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 166.25 Td (of the immediately preceding calendar quarter is equal to or more than ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.83 166.25 Td (130%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.16 166.25 Td ( of the applicable conversion price per share \(or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 154.25 Td ($77.12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 154.25 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.16 154.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.74 154.25 Td (\); \(b\) during the five business day period after any ten consecutive trading day period in which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 142.25 Td (the trading price per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.80 142.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.63 142.25 Td ( for each day of the ten day trading period was less than ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.38 142.25 Td (98%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.71 142.25 Td ( of the product of the closing sale price ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 130.25 Td (of the Company) Tj ET Q q 0 0 0 rg BT 116.71 130.25 Td (s common stock and the conversion rate on that day; and \(c\) upon the occurrence of specified corporate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 118.25 Td (transactions set forth in the indenture governing the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.33 118.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.16 118.25 Td ( Notes\(the "2.25% Notes Indenture"\) . In general, as described more ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 106.25 Td (fully in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.88 106.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.71 106.25 Td ( Notes Indenture, converting holders will receive, in respect of each ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.22 106.25 Td ($1,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.72 106.25 Td ( principal amount of notes being ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 94.25 Td (converted, the conversion value in cash up to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.50 94.25 Td ($1,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.00 94.25 Td ( and the excess, if any) Tj ET Q q 0 0 0 rg BT 347.65 94.25 Td (, of the conversion value over ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.00 94.25 Td ($1,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.50 94.25 Td ( in shares of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 82.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 82.25 Td (s common stock. ) Tj ET Q q 0 0 0 rg BT 160.98 82.25 Td (The if-converted value of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.09 82.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.92 82.25 Td ( Notes exceeded the principal amount of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.74 82.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.57 82.25 Td ( Notes by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 70.25 Td ($36.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.39 70.25 Td ( at December 31, 2013. In addition, the holders of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 70.25 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.83 70.25 Td (Notes who convert their notes in connection with a ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 229 0 obj <>] /Rotate 0 /Contents 230 0 R>> endobj 230 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-29) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 722.10 Td (change in control, or in the event that the Company) Tj ET Q q 0 0 0 rg BT 257.78 722.10 Td (s common stock ceases to be listed, as defined in the indenture governing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.22 710.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.05 710.10 Td ( Notes Indenture, may be entitled to a make-whole premium in the form of an increase in the conversion rate. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 692.10 Td (The initial conversion rate for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.12 692.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.95 692.10 Td ( Notes was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.33 692.10 Td (16.827) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.83 692.10 Td ( shares of common stock per $1,000 principal amount of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.33 680.10 Td ( Notes, which was equivalent to an initial conversion price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.04 680.10 Td ($59.43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.54 680.10 Td ( per share. ) Tj ET Q q 0 0 0 rg BT 393.86 680.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.30 680.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.88 680.10 Td (, the conversion ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (rate was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.04 668.10 Td (16.858) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.54 668.10 Td ( shares of common stock per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.73 668.10 Td ($1,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.23 668.10 Td ( principal amount of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.10 668.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.93 668.10 Td ( Notes, equivalent to a per share stock price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td ($59.32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 656.10 Td (, which was adjusted as the result of the Company's decision to pay cash dividends in excess of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.11 656.10 Td ($0.14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.61 656.10 Td ( per share in 2013. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (If any cash dividend or distribution in excess of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.51 644.10 Td ($0.14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.01 644.10 Td ( per share is made to all, or substantially all, holders of the Company's ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (common stock in the future, the conversion rate will be adjusted based on the formula defined in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.00 632.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.83 632.10 Td ( Notes Indenture.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 614.10 Td (Underwriter) Tj ET Q q 0 0 0 rg BT 122.74 614.10 Td () Tj ET Q q 0 0 0 rg BT 125.52 614.10 Td (s fees, originally recorded as a reduction of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.44 614.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.27 614.10 Td (Notes balance, totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.85 614.10 Td ($6.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.74 614.10 Td ( and are being ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (amortized over a period of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.06 602.10 Td (ten years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.88 602.10 Td ( \(the point at which the holders can first require the Company to redeem the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.62 602.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.45 602.10 Td (Notes\). ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (The amount to be amortized each period is calculated using the ef) Tj ET Q q 0 0 0 rg BT 312.27 590.10 Td (fective interest method. Debt issuance costs, originally ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (recorded in Other ) Tj ET Q q 0 0 0 rg BT 121.97 578.10 Td (Assets on the Consolidated Balance Sheets, totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.60 578.10 Td ($0.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.49 578.10 Td ( and are also being amortized over a period of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (ten years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.32 566.10 Td ( using the ef) Tj ET Q q 0 0 0 rg BT 134.29 566.10 Td (fective interest method. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 548.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.55 548.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.38 548.10 Td (Notes rank equal in right of payment to all of the Company) Tj ET Q q 0 0 0 rg BT 359.54 548.10 Td (s other existing and future senior indebtedness. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.55 536.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.38 536.10 Td (Notes are not guaranteed by any of the Company) Tj ET Q q 0 0 0 rg BT 294.71 536.10 Td (s subsidiaries and, accordingly) Tj ET Q q 0 0 0 rg BT 416.80 536.10 Td (, are structurally subordinated to all ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (of the indebtedness and other liabilities of the Company) Tj ET Q q 0 0 0 rg BT 276.12 524.10 Td (s subsidiaries.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.22 524.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 506.10 Td (In connection with the issuance of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.62 506.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.45 506.10 Td (Notes, the Company purchased ten-year call options on its common stock ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 494.10 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.27 494.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.10 494.10 Td ( Purchased Options\). Under the terms of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.11 494.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.94 494.10 Td ( Purchased Options, which become exercisable upon conversion of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 482.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.22 482.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.05 482.10 Td (Notes, the Company has the right to receive a total of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.60 482.10 Td (3.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.49 482.10 Td ( shares of its common stock at the conversion price ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 470.10 Td (then in ef) Tj ET Q q 0 0 0 rg BT 87.08 470.10 Td (fect. ) Tj ET Q q 0 0 0 rg BT 106.89 470.10 Td (The exercise price of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.22 470.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.05 470.10 Td ( Purchased Options is subject to certain adjustments that mirror the adjustments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 458.10 Td (to the conversion price of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.90 458.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.73 458.10 Td ( Notes \(including payments of cash dividend in excess of $0.14 per share\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 440.10 Td (In addition to the purchase of the Purchased Options, the Company sold warrants in separate transactions \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.22 440.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.05 440.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 428.10 Td (arrants\). ) Tj ET Q q 0 0 0 rg BT 97.93 428.10 Td (These ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.31 428.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 150.14 428.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.46 428.10 Td (W) Tj ET Q q 0 0 0 rg BT 161.10 428.10 Td (arrants have a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.12 428.10 Td (ten) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.34 428.10 Td ( year term and enable the holders to acquire shares of the Company) Tj ET Q q 0 0 0 rg BT 503.46 428.10 Td (s common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (stock from the Company) Tj ET Q q 0 0 0 rg BT 148.00 416.10 Td (. ) Tj ET Q q 0 0 0 rg BT 152.82 416.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.87 416.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.70 416.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.02 416.10 Td (W) Tj ET Q q 0 0 0 rg BT 207.65 416.10 Td (arrants are exercisable for a total of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.74 416.10 Td (3.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.63 416.10 Td ( shares of the Company) Tj ET Q q 0 0 0 rg BT 492.83 416.10 Td (s common stock ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (at the then current adjusted common stock price, which is adjusted for quarterly dividends in excess of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.16 404.10 Td ($0.14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.66 404.10 Td ( per quarter) Tj ET Q q 0 0 0 rg BT 530.34 404.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (liquidation, bankruptcy) Tj ET Q q 0 0 0 rg BT 142.17 392.10 Td (, or a change in control of the Company and the failure by the Company to deliver registered securities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (to the purchasers upon exercise of the 2.25% warrants. Subject to these adjustments, the maximum amount of shares of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 368.10 Td (s common stock that could be required to be issued under the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.33 368.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.16 368.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.48 368.10 Td (W) Tj ET Q q 0 0 0 rg BT 375.12 368.10 Td (arrants is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.99 368.10 Td (6.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.88 368.10 Td ( shares. Upon exercise of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.22 356.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.05 356.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.37 356.10 Td (W) Tj ET Q q 0 0 0 rg BT 101.00 356.10 Td (arrants, the Company will settle the dif) Tj ET Q q 0 0 0 rg BT 256.62 356.10 Td (ference between the then market price and the strike price of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.94 356.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.77 356.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 344.10 Td (arrants in shares of its Common Stock. ) Tj ET Q q 0 0 0 rg BT 215.72 344.10 Td (The proceeds from the sale of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.05 344.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.88 344.10 Td ( ) Tj ET Q q 0 0 0 rg BT 380.20 344.10 Td (W) Tj ET Q q 0 0 0 rg BT 388.84 344.10 Td (arrants were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.47 344.10 Td ($80.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.36 344.10 Td (, which were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (recorded as an increase to additional paid-in. ) Tj ET Q q 0 0 0 rg BT 230.54 332.10 Td (As a result of the Company) Tj ET Q q 0 0 0 rg BT 343.02 332.10 Td (s decision to pay cash dividends in excess of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.82 332.10 Td ($0.14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.32 332.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (during the 2013, the exercise price was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.33 320.10 Td ($80.16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.83 320.10 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.99 320.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.58 320.10 Td (. If any cash dividend or distribution is made to all, or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (substantially all, holders of the Company) Tj ET Q q 0 0 0 rg BT 216.70 308.10 Td (s common stock in the future, the conversion rate will be further adjusted based on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (formula defined in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.14 296.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.97 296.10 Td ( Notes Indenture.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 278.10 Td (Future changes in the Company) Tj ET Q q 0 0 0 rg BT 203.48 278.10 Td (s share price will have no ef) Tj ET Q q 0 0 0 rg BT 315.47 278.10 Td (fect on the carrying value of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.69 278.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.52 278.10 Td ( Purchased Options or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 266.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.22 266.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.05 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.37 266.10 Td (W) Tj ET Q q 0 0 0 rg BT 101.00 266.10 Td (arrants. ) Tj ET Q q 0 0 0 rg BT 133.03 266.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.08 266.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.91 266.10 Td ( Purchased Options and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.83 266.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.66 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 316.98 266.10 Td (W) Tj ET Q q 0 0 0 rg BT 325.62 266.10 Td (arrants are subject to early expiration upon the occurrence ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 254.10 Td (of certain events that may or may not be within the Company) Tj ET Q q 0 0 0 rg BT 297.49 254.10 Td (s control. Should there be an early termination of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.04 254.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.87 254.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 242.10 Td (Purchased Options or the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.82 242.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.65 242.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.96 242.10 Td (W) Tj ET Q q 0 0 0 rg BT 189.60 242.10 Td (arrants prior to the conversion of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.17 242.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.00 242.10 Td (Notes from an event outside of the Company) Tj ET Q q 0 0 0 rg BT 548.96 242.10 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 230.10 Td (control, the amount of shares potentially due to or due from the Company under the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.64 230.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.47 230.10 Td ( Purchased Options or the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.28 230.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.11 230.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 218.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 218.10 Td (arrants will be based solely on the Company) Tj ET Q q 0 0 0 rg BT 238.38 218.10 Td (s common stock price, and the amount of time remaining on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.37 218.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.20 218.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 206.10 Td (Purchased Options or the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.82 206.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.65 206.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.96 206.10 Td (W) Tj ET Q q 0 0 0 rg BT 189.60 206.10 Td (arrants and will be settled in shares of the Company) Tj ET Q q 0 0 0 rg BT 399.83 206.10 Td (s common stock. ) Tj ET Q q 0 0 0 rg BT 469.64 206.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.69 206.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.52 206.10 Td ( Purchased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 194.10 Td (Option and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.72 194.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.55 194.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.87 194.10 Td (W) Tj ET Q q 0 0 0 rg BT 133.50 194.10 Td (arrant transactions were designed to increase the conversion price per share of the Company) Tj ET Q q 0 0 0 rg BT 504.75 194.10 Td (s common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 182.10 Td (stock and, therefore, mitigate carrying the potential dilution of the Company) Tj ET Q q 0 0 0 rg BT 357.75 182.10 Td (s common stock upon conversion of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 170.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.33 170.10 Td (Notes, if any) Tj ET Q q 0 0 0 rg BT 128.56 170.10 Td (.) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 231 0 obj <>] /Rotate 0 /Contents 232 0 R>> endobj 232 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 722.10 Td (During ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.33 722.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.33 722.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.33 722.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.33 722.10 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.27 722.10 Td (201) Tj ET Q q 0 0 0 rg BT 185.90 722.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.90 722.10 Td ( the Company did not repurchase any of its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.58 722.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.41 722.10 Td ( Notes.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.74 722.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.74 722.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.18 722.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.77 722.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 710.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 122.16 710.10 Td (, the carrying value of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.40 710.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.23 710.10 Td (Notes, related discount and equity component consisted of the following:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.44 710.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 651.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 651.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 651.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 651.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 651.60 84.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 637.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 623.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 623.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 623.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 623.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 623.60 84.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 609.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 595.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 595.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 595.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 595.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 595.60 84.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 581.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 567.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 567.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 567.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 567.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 567.60 84.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 553.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 539.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 539.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 539.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 539.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 539.60 84.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 525.60 336.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 679.6 m 474 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 679.6 m 478 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 679.6 m 562 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 665.6 m 474 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 665.6 m 562 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 609.6 m 474 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 609.6 m 562 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 596.6 m 474 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 594.6 m 474 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 596.6 m 562 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 594.6 m 562 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 594.6 m 474 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 596.6 m 474 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 582.6 m 474 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 580.6 m 474 580.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 594.6 m 562 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 596.6 m 562 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 582.6 m 562 582.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 580.6 m 562 580.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 539.6 m 474 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 539.6 m 562 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 526.6 m 474 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 524.6 m 474 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 526.6 m 562 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 524.6 m 562 524.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 683.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.25 683.83 Td (December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 669.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 423.50 669.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.50 669.83 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 655.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 450.70 655.83 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 642.17 Td (Carrying amount of equity component) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 642.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 642.17 Td (65,270) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 642.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 642.17 Td (65,270) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 628.17 Td (Allocated underwriter fees, net of taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.30 628.22 Td (\(1,475) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 628.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.30 628.22 Td (\(1,475) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 628.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 614.17 Td (Allocated debt issuance cost, net of taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.80 614.22 Td (\(58) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 614.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.80 614.22 Td (\(58) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 614.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 600.17 Td (Total net equity component) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 600.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 600.17 Td (63,737) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 600.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 600.17 Td (63,737) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 586.17 Td (Deferred income tax component) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 586.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.65 586.17 Td (8,023) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 586.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 586.17 Td (10,846) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 572.17 Td (Principal amount of 2.25% Notes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 572.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.65 572.17 Td (182,753) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 572.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 572.17 Td (182,753) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 558.17 Td (Unamortized discount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.30 558.22 Td (\(21,574) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 558.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.30 558.22 Td (\(29,244) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 558.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 544.17 Td (Unamortized underwriter fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.80 544.22 Td (\(845) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 544.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.30 544.22 Td (\(1,146) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 544.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 530.17 Td (Net carrying amount of liability component) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 530.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.65 530.17 Td (160,334) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 530.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 530.17 Td (152,363) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 516.17 Td (Unamortized debt issuance cost) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 516.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 516.17 Td (33) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 516.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.15 516.17 Td (45) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 494.10 Td (For the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.58 494.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.17 494.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.17 494.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.17 494.10 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.11 494.10 Td (201) Tj ET Q q 0 0 0 rg BT 294.74 494.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.74 494.10 Td (, the contractual interest expense and the discount amortization, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 482.10 Td (which is recorded as interest expense in the accompanying Consolidated Statements of Operations, were as follows:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.26 482.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 423.60 277.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 423.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 423.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 423.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 423.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 423.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 423.60 75.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 409.60 277.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 395.60 277.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 395.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 395.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 395.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 395.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 395.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 395.60 75.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 451.6 m 405 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 451.6 m 409 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 451.6 m 483 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 451.6 m 487 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 451.6 m 562 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 437.6 m 405 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 437.6 m 483 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 437.6 m 562 437.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 455.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.70 455.83 Td (Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 441.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.50 441.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 437.50 441.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.20 441.83 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 427.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.85 427.83 Td (\(dollars in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 414.17 Td (Year-to-date contractual interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.50 414.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.65 414.17 Td (4,112) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.50 414.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.65 414.17 Td (4,112) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.50 414.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 414.17 Td (4,119) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 400.17 Td (Y) Tj ET Q q 0 0 0 rg BT 58.72 400.17 Td (ear) Tj ET Q q 0 0 0 rg BT 70.73 400.17 Td (-to-date discount amortization) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 191.25 404.70 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.50 400.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.65 400.17 Td (7,530) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.50 400.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.65 400.17 Td (6,948) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.50 400.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 400.17 Td (6,409) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 386.17 Td (Effective interest rate of liability component) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.65 386.17 Td (7.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 386.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.65 386.17 Td (7.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.15 386.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.65 386.17 Td (7.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.15 386.17 Td (%) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 49.50 376.13 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.56 372.50 Td ( Represents the incremental impact of the accounting for convertible debt as primarily codified in ) Tj ET Q q 0 0 0 rg BT 369.01 372.50 Td (ASC 470. ) Tj ET Q q 0 0 0 rg BT 402.13 372.50 Td (As of December31, 2013, the Company ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 360.50 Td (anticipates that the average annual impact over the remaining term of the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.96 360.50 Td (2.25%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.62 360.50 Td ( Notes will increase by approximately ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.14 360.50 Td ($0.6 million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.25 360.50 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 470.25 360.50 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 63.00 342.50 Td (3.00%Convertible Senior Notes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 324.50 Td (The Company) Tj ET Q q 0 0 0 rg BT 133.21 324.50 Td (s outstanding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.77 324.50 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.60 324.50 Td ( Notes bear interest at a rate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.54 324.50 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.37 324.50 Td (per annum until maturity) Tj ET Q q 0 0 0 rg BT 466.92 324.50 Td (. Interest is payable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 312.50 Td (semiannually) Tj ET Q q 0 0 0 rg BT 102.17 312.50 Td (, in arrears, in cash on March 15 and September 15 of each year) Tj ET Q q 0 0 0 rg BT 356.79 312.50 Td (. If and when the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.77 312.50 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.60 312.50 Td ( Notes are converted, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 300.50 Td (Company will pay cash for the principal amount of each Note and, if applicable, shares of its common stock based on a daily ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 288.50 Td (conversion value calculated on a proportionate basis for each volume weighted average price \(VW) Tj ET Q q 0 0 0 rg BT 447.39 288.50 Td (AP\) trading day \(as defined ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 276.50 Td (in the indenture governing the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.52 276.50 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.35 276.50 Td ( Notes \(3.00% Notes Indenture\)\) in the relevant ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.22 276.50 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.22 276.50 Td ( ) Tj ET Q q 0 0 0 rg BT 412.54 276.50 Td (VW) Tj ET Q q 0 0 0 rg BT 428.09 276.50 Td (AP) Tj ET Q q 0 0 0 rg BT 440.51 276.50 Td ( trading day observation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 264.50 Td (period. In general, as described more fully in the indenture, converting holders will receive, in respect of each ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.00 264.50 Td ($1,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.50 264.50 Td ( principal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 252.50 Td (amount of notes being converted, the conversion value in cash up to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.15 252.50 Td ($1,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.65 252.50 Td ( and the excess, if any) Tj ET Q q 0 0 0 rg BT 439.30 252.50 Td (, of the conversion value over ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 240.50 Td ($1,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 240.50 Td ( in shares of the Company) Tj ET Q q 0 0 0 rg BT 184.48 240.50 Td (s common stock. ) Tj ET Q q 0 0 0 rg BT 254.29 240.50 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.34 240.50 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.17 240.50 Td ( Notes mature on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.27 240.50 Td (March15, 2020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.86 240.50 Td (, unless earlier repurchased or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 228.50 Td (converted in accordance with their terms prior to such date.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.19 228.50 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 210.50 Td (The Company may not redeem the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.57 210.50 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.40 210.50 Td ( Notes prior to the maturity date. Holders of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.41 210.50 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.24 210.50 Td ( Notes may require the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 198.50 Td (Company to repurchase all or a portion of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.17 198.50 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.00 198.50 Td ( Notes on or after September15, 2019. If the Company experiences ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 186.50 Td (specified types of fundamental changes, as defined in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.53 186.50 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.36 186.50 Td ( Notes Indenture, holders of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.77 186.50 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.60 186.50 Td ( Notes may require the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 174.50 Td (Company to repurchase the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.69 174.50 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.52 174.50 Td ( Notes. ) Tj ET Q q 0 0 0 rg BT 217.80 174.50 Td (Any repurchase of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.87 174.50 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.70 174.50 Td ( Notes pursuant to this provision will be for cash at a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 162.50 Td (price equal to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 106.42 162.50 Td (100%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.75 162.50 Td ( of the principal amount of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.88 162.50 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.71 162.50 Td ( Notes to be repurchased plus any accrued and unpaid interest to, but ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 150.50 Td (excluding, the purchase date. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 132.50 Td (The holders of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.03 132.50 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.86 132.50 Td ( Notes could convert their notes in connection with a change in control, or in the event that the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 120.50 Td (Company's common stock ceases to be listed, as defined in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.91 120.50 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.74 120.50 Td ( Notes Indenture, and may be entitled to a make-whole ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 108.50 Td (premium in the form of an increase in the conversion rate. ) Tj ET Q q 0 0 0 rg BT 283.87 108.50 Td (Additionally) Tj ET Q q 0 0 0 rg BT 333.77 108.50 Td (, if one of these events were to occur) Tj ET Q q 0 0 0 rg BT 480.25 108.50 Td (, the holders of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 96.50 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.33 96.50 Td ( Notes may require the Company to repurchase all or a portion of their notes at a purchase price equal to 100% of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 84.50 Td (principal amount of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.58 84.50 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.41 84.50 Td ( Notes, plus accrued and unpaid interest, if any) Tj ET Q q 0 0 0 rg BT 358.48 84.50 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 66.50 Td (The initial conversion rate for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.12 66.50 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.95 66.50 Td ( Notes was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.33 66.50 Td (25.899) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.83 66.50 Td ( shares of common stock per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.02 66.50 Td ($1,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.52 66.50 Td ( principal amount of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 54.50 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.33 54.50 Td ( Notes, which was equivalent to an initial conversion price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.04 54.50 Td ($38.61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.54 54.50 Td ( per share. ) Tj ET Q q 0 0 0 rg BT 393.86 54.50 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.30 54.50 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.88 54.50 Td (, the conversion ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 233 0 obj <>] /Rotate 0 /Contents 234 0 R>> endobj 234 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 722.10 Td (rate was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.04 722.10 Td (26.809) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.54 722.10 Td ( shares of common stock per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.73 722.10 Td ($1,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.23 722.10 Td ( principal amount of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.10 722.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.93 722.10 Td ( Notes, equivalent to a per share stock price of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td ($37.30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 710.10 Td (, which was adjusted as the result of the Company) Tj ET Q q 0 0 0 rg BT 280.29 710.10 Td (s decision to pay cash dividends in 2013. If any cash dividend or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 698.10 Td (distribution is made to all, or substantially all, holders of the Company) Tj ET Q q 0 0 0 rg BT 334.74 698.10 Td (s common stock in the future, the conversion rate will be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 686.10 Td (further adjusted based on the formula defined in the 3.00% Notes Indenture.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 668.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.55 668.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.38 668.10 Td ( Notes are convertible into cash and, if applicable, common stock based on the then-applicable conversion rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (under the following circumstances: \(a\)during any fiscal quarter \(and only during such fiscal quarter\), if the last reported sale ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (price of the Company) Tj ET Q q 0 0 0 rg BT 139.20 644.10 Td (s common stock for at least ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.39 644.10 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.39 644.10 Td ( trading days in the period of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.42 644.10 Td (30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.42 644.10 Td ( consecutive trading days ending on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (last trading day of the immediately preceding fiscal quarter is equal to or more than ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.77 632.10 Td (130%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.10 632.10 Td ( of the applicable conversion price per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (share \(or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.26 620.10 Td ($48.49) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.76 620.10 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.92 620.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.50 620.10 Td (\) \("3.00% Stock Price ) Tj ET Q q 0 0 0 rg BT 307.22 620.10 Td (T) Tj ET Q q 0 0 0 rg BT 312.98 620.10 Td (rigger"\); \(b\)during the five business day period after any ten ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (consecutive trading day period in which the trading price per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.53 608.10 Td ($1,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.03 608.10 Td ( principal amount for each day of the ten day trading period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (was less than ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.77 596.10 Td (98%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.10 596.10 Td ( of the product of the last reported sale price of the Company) Tj ET Q q 0 0 0 rg BT 369.69 596.10 Td (s common stock and the conversion rate of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.33 584.10 Td ( Notes on that day; and \(c\)upon the occurrence of specified corporate transactions set forth in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.96 584.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.79 584.10 Td ( Notes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (Indenture. Upon conversion, a holder will receive an amount in cash and, if applicable, shares of the Company) Tj ET Q q 0 0 0 rg BT 494.64 572.10 Td (s common stock, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (determined in the manner set forth in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.00 560.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.83 560.10 Td ( Notes Indenture. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 542.10 Td (As a result of the 3.00% Stock Price ) Tj ET Q q 0 0 0 rg BT 220.79 542.10 Td (T) Tj ET Q q 0 0 0 rg BT 226.55 542.10 Td (rigger as of December 31, 2013, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.88 542.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.71 542.10 Td ( Notes are convertible at the option of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 530.10 Td (the holders during the three months ending March 31, 2014. ) Tj ET Q q 0 0 0 rg BT 291.68 530.10 Td (As such, the Company reclassified the redeemable equity portion ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 518.10 Td (of the 3.00% Notes to temporary equity from the additional paid-in capital component of permanent equity on the Consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 506.10 Td (Balance Sheet as of December) Tj ET Q q 0 0 0 rg BT 171.26 506.10 Td (, 31, 2013. ) Tj ET Q q 0 0 0 rg BT 216.08 506.10 Td (The debt portion of the 3.00% Notes continued to be classified as a long-term liability ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 494.10 Td (as of December31, 2013, since the Company has the intent and ability to refinance any conversion of the 3.00% Notes with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 482.10 Td (another long-term debt instrument. ) Tj ET Q q 0 0 0 rg BT 191.23 482.10 Td (The combination of the debt portion and temporary equity portion represents the aggregate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 470.10 Td (principal obligation of the 3.00% Notes redeemable at the option of the holders as of December 31, 2013. ) Tj ET Q q 0 0 0 rg BT 473.92 470.10 Td (The if-converted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 458.10 Td (value of the 3.00% Notes exceeded the principal amount of the 3.00% Notes by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.52 458.10 Td ($104.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.41 458.10 Td ( at December 31, 2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 440.10 Td (Underwriters) Tj ET Q q 0 0 0 rg BT 128.85 440.10 Td ( fees totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.66 440.10 Td ($3.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.55 440.10 Td (, a portion of which were recorded as a reduction of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.63 440.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.46 440.10 Td ( Notes balance, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (are being amortized over a period of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.49 428.10 Td (ten years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.30 428.10 Td (. ) Tj ET Q q 0 0 0 rg BT 238.12 428.10 Td (The remainder was recognized as a reduction of ) Tj ET Q q 0 0 0 rg BT 431.93 428.10 Td (Additional Paid-In Capital in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (the Consolidated Balance Sheet. ) Tj ET Q q 0 0 0 rg BT 181.23 416.10 Td (The amount to be amortized each period is calculated using the ef) Tj ET Q q 0 0 0 rg BT 444.00 416.10 Td (fective interest method. Debt ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (issuance costs totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.09 404.10 Td ($0.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.98 404.10 Td (, a portion of which was recorded in Other ) Tj ET Q q 0 0 0 rg BT 358.60 404.10 Td (Assets in the Consolidated Balance Sheet, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (also being amortized over a period of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.39 392.10 Td (ten years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.21 392.10 Td ( using the ef) Tj ET Q q 0 0 0 rg BT 286.18 392.10 Td (fective interest method. ) Tj ET Q q 0 0 0 rg BT 382.63 392.10 Td (The remainder was recognized as a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (reduction of ) Tj ET Q q 0 0 0 rg BT 100.04 380.10 Td (Additional Paid-In Capital in the Consolidated Balance Sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 362.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.55 362.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.38 362.10 Td ( Notes rank equal in right of payment to all of the Company) Tj ET Q q 0 0 0 rg BT 359.54 362.10 Td (s other existing and future senior indebtedness. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 350.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.55 350.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.38 350.10 Td ( Notes are not guaranteed by any of the Company) Tj ET Q q 0 0 0 rg BT 294.71 350.10 Td (s subsidiaries and, accordingly) Tj ET Q q 0 0 0 rg BT 416.80 350.10 Td (, are structurally subordinated to all ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 338.10 Td (of the indebtedness and other liabilities of the Company) Tj ET Q q 0 0 0 rg BT 276.12 338.10 Td (s subsidiaries. ) Tj ET Q q 0 0 0 rg BT 334.54 338.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.59 338.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.42 338.10 Td ( Notes will also be ef) Tj ET Q q 0 0 0 rg BT 462.94 338.10 Td (fectively subordinated to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 326.10 Td (all of the Company) Tj ET Q q 0 0 0 rg BT 129.21 326.10 Td (s secured indebtedness.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 308.10 Td (In connection with the issuance of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.62 308.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.45 308.10 Td ( Notes, the Company purchased ten-year call options on its common stock ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.27 296.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.10 296.10 Td ( Purchased Options\). Under the terms of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.11 296.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.94 296.10 Td ( Purchased Options, which become exercisable upon conversion of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.22 284.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.05 284.10 Td ( Notes, the Company has the right to receive a total of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.60 284.10 Td (3.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.49 284.10 Td ( shares of its common stock at the conversion price ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (then in ef) Tj ET Q q 0 0 0 rg BT 87.08 272.10 Td (fect. ) Tj ET Q q 0 0 0 rg BT 106.89 272.10 Td (The exercise price of the 3.00% Purchased Options is subject to certain adjustments that mirror the adjustments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (to the conversion price of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.90 260.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.73 260.10 Td ( Notes \(including payments of cash dividends\). ) Tj ET Q q 0 0 0 rg BT 385.63 260.10 Td (The total cost of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.10 260.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.93 260.10 Td ( Purchased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (Options was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.72 248.10 Td ($45.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.61 248.10 Td (, which was recorded as a reduction to additional paid-in-capital in the accompanying Consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (Balance Sheet. ) Tj ET Q q 0 0 0 rg BT 111.24 236.10 Td (The cost of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.44 236.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.27 236.10 Td ( Purchased Options will be deductible as original issue discount for income tax purposes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (over the life of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.86 224.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.69 224.10 Td ( Notes \(ten years\); therefore, the Company has established a deferred tax asset, with a corresponding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 212.10 Td (increase to additional paid-in capital, in the accompanying Consolidated Balance Sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 194.10 Td (In addition to the purchase of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.18 194.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.01 194.10 Td ( Purchased Options, the Company sold warrants in separate transactions. ) Tj ET Q q 0 0 0 rg BT 527.10 194.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 182.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.33 182.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.65 182.10 Td (W) Tj ET Q q 0 0 0 rg BT 86.29 182.10 Td (arrants have a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.31 182.10 Td (ten) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.53 182.10 Td (-year term and enable the holders to acquire shares of the Company) Tj ET Q q 0 0 0 rg BT 429.48 182.10 Td (s common stock from the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 170.10 Td (Company) Tj ET Q q 0 0 0 rg BT 87.74 170.10 Td (. ) Tj ET Q q 0 0 0 rg BT 92.56 170.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.60 170.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.43 170.10 Td ( ) Tj ET Q q 0 0 0 rg BT 138.75 170.10 Td (W) Tj ET Q q 0 0 0 rg BT 147.39 170.10 Td (arrants are exercisable for a total of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.48 170.10 Td (3.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.37 170.10 Td ( shares of the Company) Tj ET Q q 0 0 0 rg BT 432.57 170.10 Td (s common stock at the current ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 158.10 Td (adjusted price, which is an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.36 158.10 Td (80%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.69 158.10 Td ( premium to the closing price of the Company) Tj ET Q q 0 0 0 rg BT 363.87 158.10 Td (s common stock on the date that the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.95 158.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.78 158.10 Td ( Notes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 146.10 Td (were priced to investors. ) Tj ET Q q 0 0 0 rg BT 150.12 146.10 Td (The exercise price is subject to adjustment for quarterly dividends, liquidation, bankruptcy) Tj ET Q q 0 0 0 rg BT 511.87 146.10 Td (, or a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 134.10 Td (change in control of the Company and other conditions, including a failure by the Company to deliver registered securities to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 122.10 Td (the purchasers upon exercise. Subject to these adjustments, the maximum amount of shares of the Company) Tj ET Q q 0 0 0 rg BT 484.12 122.10 Td (s common stock ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 110.10 Td (that could be required to be issued under the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.17 110.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.00 110.10 Td ( ) Tj ET Q q 0 0 0 rg BT 257.32 110.10 Td (W) Tj ET Q q 0 0 0 rg BT 265.96 110.10 Td (arrants is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.83 110.10 Td (5.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.72 110.10 Td ( shares. On exercise of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.74 110.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.57 110.10 Td ( ) Tj ET Q q 0 0 0 rg BT 484.89 110.10 Td (W) Tj ET Q q 0 0 0 rg BT 493.52 110.10 Td (arrants, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 98.10 Td (Company will settle the dif) Tj ET Q q 0 0 0 rg BT 158.19 98.10 Td (ference between the then market price and the strike price of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.51 98.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.34 98.10 Td ( ) Tj ET Q q 0 0 0 rg BT 445.66 98.10 Td (W) Tj ET Q q 0 0 0 rg BT 454.29 98.10 Td (arrants in shares of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 86.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 86.10 Td (s common stock. ) Tj ET Q q 0 0 0 rg BT 160.98 86.10 Td (The proceeds from the sale of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.31 86.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.14 86.10 Td ( ) Tj ET Q q 0 0 0 rg BT 325.46 86.10 Td (W) Tj ET Q q 0 0 0 rg BT 334.10 86.10 Td (arrants were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.74 86.10 Td ($29.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.63 86.10 Td (. ) Tj ET Q q 0 0 0 rg BT 444.08 86.10 Td (As a result of the Company) Tj ET Q q 0 0 0 rg BT 556.56 86.10 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 74.10 Td (decision to pay cash dividends in 2013, the exercise price was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.98 74.10 Td ($54.81) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.48 74.10 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.64 74.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.23 74.10 Td (. If any cash dividend or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 62.10 Td (distribution is made to all, or substantially all, holders of the Company) Tj ET Q q 0 0 0 rg BT 334.74 62.10 Td (s common stock in the future, the conversion rate will be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 50.10 Td (adjusted based on the formula defined in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.45 50.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.28 50.10 Td ( Notes Indenture.) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 235 0 obj <>] /Rotate 0 /Contents 236 0 R>> endobj 236 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 722.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.55 722.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.38 722.10 Td ( Purchased Options and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.58 722.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.41 722.10 Td ( ) Tj ET Q q 0 0 0 rg BT 242.73 722.10 Td (W) Tj ET Q q 0 0 0 rg BT 251.37 722.10 Td (arrant transactions were designed to increase the conversion price per share ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td (of the Company's common stock, and therefore, mitigate the potential dilution of its common stock upon conversion of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 698.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.33 698.10 Td ( Notes, if any) Tj ET Q q 0 0 0 rg BT 128.56 698.10 Td (. ) Tj ET Q q 0 0 0 rg BT 133.01 698.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.45 698.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.03 698.10 Td (, the impact of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.01 698.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.84 698.10 Td ( Purchased Options and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.05 698.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.88 698.10 Td ( ) Tj ET Q q 0 0 0 rg BT 462.20 698.10 Td (W) Tj ET Q q 0 0 0 rg BT 470.83 698.10 Td (arrants increased the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 686.10 Td (conversion price of the Company) Tj ET Q q 0 0 0 rg BT 185.57 686.10 Td (s common stock from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.01 686.10 Td ($37.30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.51 686.10 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.29 686.10 Td ($54.81) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.79 686.10 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.29 686.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 668.10 Td (The Company determined the discount applicable to its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.33 668.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.16 668.10 Td ( Notes using the estimated ef) Tj ET Q q 0 0 0 rg BT 438.79 668.10 Td (fective interest rate for similar ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (debt with no convertible features. ) Tj ET Q q 0 0 0 rg BT 185.94 656.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 211.58 656.10 Td (fective interest rate may change in the future as a result of future repurchases of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.33 644.10 Td ( Notes. ) Tj ET Q q 0 0 0 rg BT 105.98 644.10 Td (The Company utilized a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.84 644.10 Td (ten) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.06 644.10 Td ( year term for the assessment of the fair value of its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.76 644.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.59 644.10 Td ( Notes. ) Tj ET Q q 0 0 0 rg BT 480.87 644.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.32 644.10 Td (December31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 632.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.94 632.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.94 632.10 Td (, the carrying value of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.17 632.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.00 632.10 Td ( Notes, related discount and equity component consisted of the following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 573.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 573.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 573.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 573.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 573.60 84.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 559.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 545.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 545.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 545.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 545.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 545.60 84.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 531.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 517.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 517.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 517.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 517.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 517.60 84.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 503.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 489.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 489.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 489.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 489.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 489.60 84.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 475.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 461.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 461.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 461.60 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 461.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 461.60 84.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 447.60 336.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 601.6 m 474 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 601.6 m 478 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 601.6 m 562 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 587.6 m 474 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 587.6 m 562 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 531.6 m 474 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 531.6 m 562 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 518.6 m 474 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 516.6 m 474 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 518.6 m 562 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 516.6 m 562 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 504.6 m 474 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 502.6 m 474 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 504.6 m 562 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 502.6 m 562 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 461.6 m 474 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 461.6 m 562 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 448.6 m 474 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 446.6 m 474 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 448.6 m 562 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 446.6 m 562 446.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 605.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.25 605.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 591.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 423.50 591.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.50 591.83 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 577.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 450.70 577.83 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 564.17 Td (Carrying amount of equity component) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 564.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 564.17 Td (25,359) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 564.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 564.17 Td (25,359) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 550.17 Td (Allocated underwriter fees, net of taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.80 550.22 Td (\(760) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 550.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.80 550.22 Td (\(760) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 550.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 536.17 Td (Allocated debt issuance cost, net of taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.80 536.22 Td (\(112) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 536.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.80 536.22 Td (\(112) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 536.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 522.17 Td (Total net equity component) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 522.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 522.17 Td (24,487) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 522.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 522.17 Td (24,487) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 508.17 Td (Deferred income tax component) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 508.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 508.17 Td (10,625) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 508.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 508.17 Td (11,844) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 494.17 Td (Principal amount of 3.00% Notes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 494.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.65 494.17 Td (115,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 494.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 494.17 Td (115,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 480.17 Td (Unamortized discount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.30 480.22 Td (\(29,094) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 480.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.30 480.22 Td (\(32,505) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 480.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 466.17 Td (Unamortized underwriter fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.30 466.22 Td (\(1,601) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.15 466.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.30 466.22 Td (\(1,789) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 466.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 452.17 Td (Net carrying amount of liability component) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 452.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 452.17 Td (84,305) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 452.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 452.17 Td (80,706) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 438.17 Td (Unamortized debt issuance cost) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 438.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 438.17 Td (236) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 438.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 438.17 Td (264) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 416.10 Td (For the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.58 416.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.17 416.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.61 416.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.61 416.10 Td (, the contractual interest expense and the discount amortization, which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (is recorded as interest expense in the accompanying Consolidated Statements of Operations, were as follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 345.60 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 345.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 345.60 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 345.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 345.60 86.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 345.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 345.60 83.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 331.60 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 317.60 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 317.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 317.60 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 317.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 317.60 86.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 317.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 317.60 83.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 373.6 m 386 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 373.6 m 390 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 373.6 m 476 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 373.6 m 480 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 359.6 m 386 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 359.6 m 476 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 359.6 m 480 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 373.6 m 563 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 359.6 m 563 359.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 377.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 383.70 377.83 Td (Year Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 363.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 331.50 363.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.50 363.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.20 363.83 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 349.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 390.85 349.83 Td (\(dollarsinthousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 336.17 Td (Year-to-date contractual interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.50 336.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.65 336.17 Td (3,450) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 336.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.65 336.17 Td (3,450) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.50 336.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 336.17 Td (3,461) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 322.17 Td (Y) Tj ET Q q 0 0 0 rg BT 58.72 322.17 Td (ear) Tj ET Q q 0 0 0 rg BT 70.73 322.17 Td (-to-date discount amortization) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 191.25 326.70 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.50 322.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.65 322.17 Td (3,251) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 322.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.65 322.17 Td (2,966) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.50 322.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 322.17 Td (2,706) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 308.17 Td (Effective interest rate of liability component) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.65 308.17 Td (8.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.15 308.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.65 308.17 Td (8.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 308.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 308.17 Td (8.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.15 308.17 Td (%) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 49.50 298.13 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.56 294.50 Td ( Represents the incremental impact of the accounting for convertible debt as primarily codified in ) Tj ET Q q 0 0 0 rg BT 369.01 294.50 Td (ASC 470. ) Tj ET Q q 0 0 0 rg BT 402.13 294.50 Td (As of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.69 294.50 Td (December31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.55 294.50 Td (, the Company ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 284.90 Td (anticipates that the average annual impact over the remaining term of the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.96 284.90 Td (3.00%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.62 284.90 Td ( Notes will increase by approximately ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.14 284.90 Td ($0.4 million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.25 284.90 Td (. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 63.00 266.90 Td (Real Estate Credit Facility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 248.90 Td (Group 1 Realty) Tj ET Q q 0 0 0 rg BT 134.51 248.90 Td (, Inc., a wholly-owned subsidiary of the Company) Tj ET Q q 0 0 0 rg BT 334.37 248.90 Td (, entered into a real estate credit facility with Bank of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 236.90 Td (America, N.A. and Comerica Bank \(the Real Estate Credit Facility\) providing the right for up to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.77 236.90 Td ($99.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.67 236.90 Td ( of term loans, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 224.90 Td (of which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.27 224.90 Td ($74.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.16 224.90 Td ( had been used as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.47 224.90 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.05 224.90 Td (. ) Tj ET Q q 0 0 0 rg BT 307.87 224.90 Td (The term loans can be expanded provided that \(a\)no default or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 212.90 Td (event of default exists under the Real Estate Credit Facility; \(b\)the Company obtains commitments from the lenders who would ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 200.90 Td (qualify as assignees for such increased amounts; and \(c\)certain other agreed upon terms and conditions have been satisfied. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 188.90 Td (This facility is guaranteed by the Company and substantially all of the domestic subsidiaries of the Company and is secured by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 176.90 Td (the real property owned by the Company that is mortgaged under the Real Estate Credit Facility) Tj ET Q q 0 0 0 rg BT 432.91 176.90 Td (. ) Tj ET Q q 0 0 0 rg BT 437.73 176.90 Td (The Company capitalized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.97 176.90 Td ($1.1 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 164.90 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 164.90 Td ( of debt issuance costs related to the Real Estate Credit Facility that are being amortized over the term of the facility) Tj ET Q q 0 0 0 rg BT 541.75 164.90 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 152.90 Td ($0.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.39 152.90 Td ( of which were still unamortized as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.23 152.90 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.82 152.90 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 134.90 Td (The interest rate is equal to \(a\)the per annum rate equal to one-month LIBOR plus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.28 134.90 Td (2.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.11 134.90 Td (per annum, determined on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 122.90 Td (first day of each month; or \(b\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.52 122.90 Td (0.95%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.35 122.90 Td (per annum in excess of the higher of \(i\)the Bank of ) Tj ET Q q 0 0 0 rg BT 409.68 122.90 Td (America prime rate \(adjusted daily on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 110.90 Td (the day specified in the public announcement of such price rate\), \(ii\)the Federal Funds Rate adjusted daily) Tj ET Q q 0 0 0 rg BT 475.38 110.90 Td (, plus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.55 110.90 Td (0.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.38 110.90 Td ( or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 98.90 Td (\(iii\)the per annum rate equal to the one-month LIBOR plus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.83 98.90 Td (1.05%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.66 98.90 Td (per annum. ) Tj ET Q q 0 0 0 rg BT 366.46 98.90 Td (The Federal Funds Rate is the weighted average ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 86.90 Td (of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 74.90 Td (brokers on such day) Tj ET Q q 0 0 0 rg BT 129.11 74.90 Td (, as published by the Federal Reserve Bank of New ) Tj ET Q q 0 0 0 rg BT 336.18 74.90 Td (Y) Tj ET Q q 0 0 0 rg BT 342.41 74.90 Td (ork on the business day succeeding such day) Tj ET Q q 0 0 0 rg BT 520.33 74.90 Td (.) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 237 0 obj <>] /Rotate 0 /Contents 238 0 R>> endobj 238 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-33) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 722.10 Td (The Company is required to make quarterly principal payments equal to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.25 722.10 Td (1.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.08 722.10 Td ( of the principal amount outstanding and is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td (required to repay the aggregate amount outstanding on the maturity dates of the individual property borrowings, ranging from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 698.10 Td (December 29, 2015 through February 27, 2017. During the year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.42 698.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.01 698.10 Td (, the Company borrowed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.93 698.10 Td ($19.6 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 686.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 686.10 Td ( and made principal payments of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.68 686.10 Td ($8.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.57 686.10 Td ( on outstanding borrowings from the Real Estate Credit Facility) Tj ET Q q 0 0 0 rg BT 514.60 686.10 Td (. ) Tj ET Q q 0 0 0 rg BT 519.05 686.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 674.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.08 674.10 Td (, borrowings outstanding under the Real Estate Credit Facility totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.30 674.10 Td ($67.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.20 674.10 Td (, with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.47 674.10 Td ($3.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.37 674.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 662.10 Td (recorded as a current maturity of long-term debt in the accompanying Consolidated Balance Sheets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 644.10 Td (The Real Estate Credit Facility also contains usual and customary provisions limiting the Company) Tj ET Q q 0 0 0 rg BT 473.71 644.10 Td (s ability to engage in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (certain transactions, including limitations on the Company) Tj ET Q q 0 0 0 rg BT 286.40 632.10 Td (s ability to incur additional debt, additional liens, make investments, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (and pay distributions to its stockholders. In addition, the Real Estate Credit Facility requires certain financial covenants that are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (identical to those contained in the Company) Tj ET Q q 0 0 0 rg BT 228.35 608.10 Td (s Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 336.30 608.10 Td (. ) Tj ET Q q 0 0 0 rg BT 340.75 608.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.19 608.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.78 608.10 Td (, the Company was in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (compliance with all applicable covenants and ratios under the Real Estate Credit Facility) Tj ET Q q 0 0 0 rg BT 403.73 596.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 406.23 596.10 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td ( ) Tj ET Q q 0 0 0 rg BT 64.13 578.10 Td (Acquisition Line) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.50 560.10 Td (On June 20, 2013 we amended our Revolving Credit Facility principally to increase the total borrowing capacity from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td ($1.35 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.61 548.10 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.39 548.10 Td ($1.7 billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.50 548.10 Td ( and to extend the term from an expiration date of June 1, 2016 to June 20, 2018. ) Tj ET Q q 0 0 0 rg BT 485.08 548.10 Td (This arrangement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (provides a maximum of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.26 536.10 Td ($320.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.15 536.10 Td ( and a minimum of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.75 536.10 Td ($100.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.64 536.10 Td ( for working capital and general corporate purposes, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (including acquisitions. Borrowings outstanding under the ) Tj ET Q q 0 0 0 rg BT 280.87 524.10 Td (Acquisition Line as of December 31, 2013 were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.53 524.10 Td ($60.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.42 524.10 Td (. See ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (Note 1) Tj ET Q q 0 0 0 rg BT 76.07 512.10 Td (1, "Credit Facilities," for further discussion on the Company's Revolving Credit Facility and ) Tj ET Q q 0 0 0 rg BT 446.82 512.10 Td (Acquisition Line.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 63.00 494.10 Td (Real Estate Related Debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 476.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 129.78 476.10 Td (, as well as certain of its wholly-owned subsidiaries, has entered into separate term mortgage loans in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (U.S. with four of its manufacturer) Tj ET Q q 0 0 0 rg BT 185.10 464.10 Td (-af) Tj ET Q q 0 0 0 rg BT 196.02 464.10 Td (filiated finance partners - ) Tj ET Q q 0 0 0 rg BT 299.12 464.10 Td (T) Tj ET Q q 0 0 0 rg BT 304.53 464.10 Td (oyota Motor Credit Corporation \(TMCC\), Mercedes-Benz ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (Financial Services USA, LLC \(MBFS\), BMW) Tj ET Q q 0 0 0 rg BT 244.02 452.10 Td ( Financial Services NA, LLC \(BMWFS\), FMCC and several third-party ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (financial institutions \(collectively) Tj ET Q q 0 0 0 rg BT 183.26 440.10 Td (, Real Estate Notes\). ) Tj ET Q q 0 0 0 rg BT 276.38 440.10 Td (The Real Estate Notes are on specific buildings and/or properties and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (are guaranteed by the Company) Tj ET Q q 0 0 0 rg BT 176.02 428.10 Td (. Each loan was made in connection with, and is secured by mortgage liens on, the real property ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (owned by the Company that is mortgaged under the Real Estate Notes. ) Tj ET Q q 0 0 0 rg BT 335.09 416.10 Td (The Real Estate Notes bear interest at fixed rates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (between ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.32 404.10 Td (3.67%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.15 404.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.58 404.10 Td (9.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.41 404.10 Td (, and at variable indexed rates plus a spread between ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.83 404.10 Td (1.95%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.66 404.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.09 404.10 Td (3.35%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.92 404.10 Td (per annum. ) Tj ET Q q 0 0 0 rg BT 489.73 404.10 Td (The Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (capitalized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.31 392.10 Td ($1.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.20 392.10 Td ( of related debt issuance costs related to the Real Estate Notes that are being amortized over the terms of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (the notes, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.33 380.10 Td ($0.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.22 380.10 Td ( of which were still unamortized as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.06 380.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.64 380.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 362.10 Td (The loan agreements with ) Tj ET Q q 0 0 0 rg BT 179.39 362.10 Td (TMCC consist of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.34 362.10 Td (eight) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.34 362.10 Td ( term loans. ) Tj ET Q q 0 0 0 rg BT 320.22 362.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.66 362.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.25 362.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.25 362.10 Td ($51.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.14 362.10 Td ( was outstanding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 350.10 Td (under the ) Tj ET Q q 0 0 0 rg BT 89.30 350.10 Td (TMCC term loans with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.86 350.10 Td ($7.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.75 350.10 Td ( classified as a current maturity of long-term debt as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.99 350.10 Td ($48.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.88 350.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 338.10 Td (outstanding with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.94 338.10 Td ($5.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.83 338.10 Td ( classified as current as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.90 338.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.49 338.10 Td (. ) Tj ET Q q 0 0 0 rg BT 357.31 338.10 Td (These loans will mature by September 2020 and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 326.10 Td (provide for monthly payments based on a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.07 326.10 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.07 326.10 Td (-year amortization schedule. ) Tj ET Q q 0 0 0 rg BT 343.95 326.10 Td (These ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.33 326.10 Td (eight) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.33 326.10 Td ( loans are cross-collateralized and cross-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 314.10 Td (defaulted with each other and are cross-defaulted with the Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 385.13 314.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 296.10 Td (The loan agreements with MBFS consist of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.87 296.10 Td (three) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.85 296.10 Td ( term loans. ) Tj ET Q q 0 0 0 rg BT 318.73 296.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.18 296.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.76 296.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.76 296.10 Td ($45.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.65 296.10 Td ( was outstanding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (under the MBFS term loans with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.38 284.10 Td ($1.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.27 284.10 Td ( classified as a current maturity of long-term debt as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.52 284.10 Td ($47.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.41 284.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (outstanding under the MBFS term loans with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.55 272.10 Td ($1.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.44 272.10 Td ( classified as current as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.51 272.10 Td (December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.09 272.10 Td (. ) Tj ET Q q 0 0 0 rg BT 470.91 272.10 Td (The agreements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (provide for monthly payments based on a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.07 260.10 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.07 260.10 Td (-year amortization schedule and will mature by December 2030. ) Tj ET Q q 0 0 0 rg BT 487.80 260.10 Td (These ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.17 260.10 Td (three) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.16 260.10 Td ( loans ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (are cross-collateralized and cross-defaulted with each other and are also cross-defaulted with the Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 539.50 248.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 230.10 Td (The loan agreements with BMWFS consist of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.31 230.10 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.31 230.10 Td ( term loans. ) Tj ET Q q 0 0 0 rg BT 318.19 230.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.63 230.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.21 230.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.21 230.10 Td ($70.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.11 230.10 Td ( was outstanding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 218.10 Td (under the BMWFS term loans with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.82 218.10 Td ($4.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.71 218.10 Td ( classified as a current maturity of long-term debt as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.95 218.10 Td ($76.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.85 218.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 206.10 Td (outstanding with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.94 206.10 Td ($4.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.83 206.10 Td ( classified as current as of December31, 2012. ) Tj ET Q q 0 0 0 rg BT 357.31 206.10 Td (The agreements provide for monthly payments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 194.10 Td (based on a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 94.21 194.10 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.21 194.10 Td (-year amortization schedule and will mature by September 2019 . In the case of three properties owned by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 182.10 Td (subsidiaries, the applicable loan is also guaranteed by the subsidiary real property owner) Tj ET Q q 0 0 0 rg BT 403.01 182.10 Td (. ) Tj ET Q q 0 0 0 rg BT 407.83 182.10 Td (These ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.20 182.10 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.20 182.10 Td ( loans are cross-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 170.10 Td (collateralized with each other) Tj ET Q q 0 0 0 rg BT 166.94 170.10 Td (. In addition, they are cross-defaulted with each other) Tj ET Q q 0 0 0 rg BT 379.79 170.10 Td (, the Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 501.07 170.10 Td (, and certain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 158.10 Td (dealership franchising agreements with BMW) Tj ET Q q 0 0 0 rg BT 233.71 158.10 Td ( of North ) Tj ET Q q 0 0 0 rg BT 272.32 158.10 Td (America, LLC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 140.10 Td (In addition, agreements with third-party financial institutions consist of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.22 140.10 Td (1) Tj ET Q q 0 0 0 rg BT 365.85 140.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.85 140.10 Td ( term loans for an aggregate principal amount ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 128.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.33 128.10 Td ($77.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.22 128.10 Td (, to finance real estate associated with the Company) Tj ET Q q 0 0 0 rg BT 324.43 128.10 Td (s dealerships. ) Tj ET Q q 0 0 0 rg BT 380.62 128.10 Td (These loans are inclusive of the Company's ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 116.10 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.94 116.10 Td ( term loan with FMCC with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.83 116.10 Td ($5.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.72 116.10 Td ( outstanding and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.33 116.10 Td ($0.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.22 116.10 Td ( classified as a current maturity of long-term debt. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 104.10 Td (The loans are being repaid in monthly installments that will mature by November 2022. ) Tj ET Q q 0 0 0 rg BT 402.48 104.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.92 104.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.51 104.10 Td (, borrowings ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 92.10 Td (under these notes totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.14 92.10 Td ($69.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 205.03 92.10 Td (, with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.31 92.10 Td ($3.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.20 92.10 Td ( classified as a current maturity of long-term debt as compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 80.10 Td ($54.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.39 80.10 Td ( outstanding with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.33 80.10 Td ($3.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.23 80.10 Td ( classified as current as of December 31, 2012. ) Tj ET Q q 0 0 0 rg BT 413.70 80.10 Td (These ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.08 80.10 Td (1) Tj ET Q q 0 0 0 rg BT 444.71 80.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.71 80.10 Td ( loans are cross-defaulted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 68.10 Td (with the Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 186.06 68.10 Td (.) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 239 0 obj <>] /Rotate 0 /Contents 240 0 R>> endobj 240 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 722.10 Td (The Company has also entered into separate term mortgage loans in the U.K. with other third-party financial institutions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td (which are secured by the Company) Tj ET Q q 0 0 0 rg BT 193.06 710.10 Td (s U.K. properties. ) Tj ET Q q 0 0 0 rg BT 266.20 710.10 Td (These mortgage loans \(collectively) Tj ET Q q 0 0 0 rg BT 405.78 710.10 Td (, "Foreign Notes"\) are being repaid in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 698.10 Td (monthly installments that mature ) Tj ET Q q 0 0 0 rg BT 183.37 698.10 Td (August 2027. ) Tj ET Q q 0 0 0 rg BT 239.21 698.10 Td (As of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.66 698.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.24 698.10 Td (, borrowings under the Foreign Notes totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.43 698.10 Td ($37.7 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 686.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 686.10 Td (, with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.67 686.10 Td ($10.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.56 686.10 Td ( classified as a current maturity of long-term debt in the accompanying Consolidated Balance Sheets. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 668.10 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 65.50 668.10 Td (All Long-T) Tj ET Q q 0 0 0 rg BT 110.42 668.10 Td (erm Debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 650.10 Td (T) Tj ET Q q 0 0 0 rg BT 78.91 650.10 Td (otal interest expense on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.26 650.10 Td (3.00%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.09 650.10 Td ( Notes and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.08 650.10 Td (2.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.91 650.10 Td (Notes for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.09 650.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.67 650.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.67 650.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.67 650.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.11 650.10 Td (201) Tj ET Q q 0 0 0 rg BT 546.74 650.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.74 650.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 638.10 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.55 638.10 Td ($7.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.44 638.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.44 638.10 Td ($7.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.33 638.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.77 638.10 Td ($7.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.67 638.10 Td (, excluding amortization cost of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.07 638.10 Td ($1) Tj ET Q q 0 0 0 rg BT 377.70 638.10 Td (1.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.59 638.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.59 638.10 Td ($10.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.49 638.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.92 638.10 Td ($9.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.82 638.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 626.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 626.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 608.10 Td (T) Tj ET Q q 0 0 0 rg BT 78.91 608.10 Td (otal interest expense on the Real Estate Credit Facility) Tj ET Q q 0 0 0 rg BT 295.42 608.10 Td (, real estate related debt, and ) Tj ET Q q 0 0 0 rg BT 411.47 608.10 Td (Acquisition Line for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.08 596.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.08 596.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.08 596.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.52 596.10 Td (201) Tj ET Q q 0 0 0 rg BT 187.15 596.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.15 596.10 Td (, was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.20 596.10 Td ($13.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.09 596.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.09 596.10 Td ($12.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.99 596.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.42 596.10 Td ($1) Tj ET Q q 0 0 0 rg BT 357.05 596.10 Td (1.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.95 596.10 Td (, excluding amortization cost of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.35 596.10 Td ($0.5 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 584.10 Td ( for each year) Tj ET Q q 0 0 0 rg BT 132.67 584.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 185.33 584.10 Td (. ) Tj ET Q q 0 0 0 rg BT 189.78 584.10 Td (Also excluded is the impact of the interest rate derivative instruments related to the Real ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (Estate Credit Facility of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.81 572.10 Td ($1.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.70 572.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.70 572.10 Td ($1.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.59 572.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.03 572.10 Td ($1.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.92 572.10 Td ( for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.28 572.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.86 572.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.86 572.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.86 572.10 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.80 572.10 Td (201) Tj ET Q q 0 0 0 rg BT 540.43 572.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.43 572.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 560.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 542.10 Td (In addition, the Company incurred ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.02 542.10 Td ($5.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.91 542.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.91 542.10 Td ($5.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.81 542.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.24 542.10 Td ($4.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.14 542.10 Td ( of total interest expense related to capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 530.10 Td (leases and various other notes payable, net of interest income, for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.27 530.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.85 530.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.85 530.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.85 530.10 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.79 530.10 Td (201) Tj ET Q q 0 0 0 rg BT 518.42 530.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.42 530.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 518.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 518.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 500.10 Td (The Company capitalized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.74 500.10 Td ($0.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.63 500.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.63 500.10 Td ($0.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.52 500.10 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.46 500.10 Td ($0.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.35 500.10 Td ( of interest on construction projects in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.48 500.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.48 500.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.48 500.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.48 500.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.44 488.10 Td (201) Tj ET Q q 0 0 0 rg BT 81.07 488.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.07 488.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 138.73 488.10 Td (. ) Tj ET Q q 0 0 0 rg BT 143.55 488.10 Td (The aggregate annual maturities of long-term debt for the next five years are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 443.60 419.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 443.60 94.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 415.60 419.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 415.60 94.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 387.60 419.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 387.60 94.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 359.60 419.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 359.60 94.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 457.6 m 562 457.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 345.6 m 562 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 332.6 m 562 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 330.6 m 562 330.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 461.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.75 461.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 447.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.70 447.83 Td (\(Inthousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 434.17 Td (Year Ended December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.50 420.17 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.50 420.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 420.17 Td (35,389) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.50 406.17 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 406.17 Td (32,652) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.50 392.17 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 392.17 Td (94,919) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.50 378.17 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 378.17 Td (89,704) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.50 364.17 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 364.17 Td (98,027) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 350.17 Td (Thereafter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 350.17 Td (348,387) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 336.17 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.50 336.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 336.17 Td (699,078) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 290.10 Td (13. F) Tj ET Q q 0 0 0 rg BT 69.87 290.10 Td (AIR ) Tj ET Q q 0 0 0 rg BT 90.52 290.10 Td (V) Tj ET Q q 0 0 0 rg BT 96.45 290.10 Td (ALUE MEASUREMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 272.10 Td (ASC 820 defines fair value as the price that would be received in the sale of an asset or paid to transfer a liability in an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (orderly transaction between market participants at the measurement date; requires disclosure of the extent to which fair value is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (used to measure financial and non-financial assets and liabilities, the inputs utilized in calculating valuation measurements, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (the ef) Tj ET Q q 0 0 0 rg BT 71.80 236.10 Td (fect of the measurement of significant unobservable inputs on earnings, or changes in net assets, as of the measurement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (date; establishes a three-level valuation hierarchy based upon the transparency of inputs utilized in the measurement and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 212.10 Td (valuation of financial assets or liabilities as of the measurement date:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.95 194.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 194.10 Td (Level1 unadjusted, quoted prices for identical assets or liabilities in active markets;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.95 176.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 176.10 Td (Level2 quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 164.10 Td (or liabilities in markets that are not active, and inputs other than quoted market prices that are observable or that can be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 152.10 Td (corroborated by observable market data by correlation;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.95 134.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 134.10 Td (Level3 unobservable inputs based upon the reporting entity) Tj ET Q q 0 0 0 rg BT 335.17 134.10 Td (s internally developed assumptions that market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 122.10 Td (participants would use in pricing the asset or liability) Tj ET Q q 0 0 0 rg BT 291.48 122.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 104.10 Td ( ) Tj ET Q q 0 0 0 rg BT 71.82 104.10 Td (The Company periodically invests in unsecured, corporate demand obligations with manufacturer) Tj ET Q q 0 0 0 rg BT 462.34 104.10 Td (-af) Tj ET Q q 0 0 0 rg BT 473.25 104.10 Td (filiated finance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 92.10 Td (companies, which bear interest at a variable rate and are redeemable on demand by the Company) Tj ET Q q 0 0 0 rg BT 437.02 92.10 Td (. ) Tj ET Q q 0 0 0 rg BT 441.84 92.10 Td (Therefore, the Company has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 80.10 Td (classified these demand obligations as cash and cash equivalents in the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.75 80.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.75 80.10 Td (accompanying Consolidated Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 516.47 80.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 68.10 Td (Company determined that the valuation measurement inputs of these instruments include inputs other than quoted market ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 241 0 obj <>] /Rotate 0 /Contents 242 0 R>> endobj 242 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-35) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 722.10 Td (prices, that are observable or that can be corroborated by observable data by correlation. ) Tj ET Q q 0 0 0 rg BT 404.35 722.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 453.68 722.10 Td (, the Company has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td (classified these instruments within Level 2 of the hierarchy framework.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 692.10 Td (Refer to Note 2 of the Consolidated Financial Statements, Summary of Significant ) Tj ET Q q 0 0 0 rg BT 409.82 692.10 Td (Accounting Policies and Estimates, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (for more information on fair value measurements of interest rate derivative instruments.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 662.10 Td (Asset and liabilities recorded at fair value in the accompanying balance sheets as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.04 662.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.62 662.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.06 662.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.06 662.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 650.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 650.10 Td (, were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 591.60 275.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 591.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 591.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 591.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 591.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 591.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 591.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 559.60 275.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 559.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 559.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 559.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 559.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 559.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 559.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 527.60 275.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 527.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 527.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 527.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 527.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 527.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 527.60 75.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 619.6 m 404 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 619.6 m 408 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 619.6 m 483 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 619.6 m 487 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 619.6 m 562 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 605.6 m 404 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 605.6 m 483 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 605.6 m 562 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 559.6 m 404 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 543.6 m 404 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 559.6 m 483 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 544.6 m 483 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 542.6 m 483 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 559.6 m 562 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 544.6 m 562 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 542.6 m 562 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 511.6 m 404 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 511.6 m 483 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 511.6 m 562 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 496.6 m 404 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 494.6 m 404 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 496.6 m 483 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 494.6 m 483 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 496.6 m 562 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 494.6 m 562 494.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 623.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.95 623.83 Td (As of December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 609.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.65 609.83 Td (Level 1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.65 609.83 Td (Level 2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 515.25 609.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 595.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.20 595.83 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 580.27 Td (Assets:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 564.27 Td (Interest rate derivative financial instruments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.50 564.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.15 564.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.50 564.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.65 564.27 Td (3,919) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.50 564.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 564.27 Td (3,919) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.50 548.27 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.50 548.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.15 548.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.50 548.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.65 548.27 Td (3,919) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.50 548.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 548.27 Td (3,919) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 532.27 Td (Liabilities:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 516.27 Td (Interest rate derivative financial instruments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.50 516.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.15 516.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.50 516.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.65 516.27 Td (26,078) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.50 516.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 516.27 Td (26,078) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.50 500.27 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.50 500.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.15 500.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.50 500.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.65 500.27 Td (26,078) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.50 500.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 500.27 Td (26,078) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 443.60 275.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 443.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 443.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 443.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 443.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 443.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 443.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 411.60 275.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 411.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 411.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 411.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 411.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 411.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 411.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 379.60 275.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 379.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 379.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 379.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 379.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 379.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 379.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 347.60 275.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 347.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 347.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 347.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 347.60 75.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 347.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 347.60 75.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 467.6 m 404 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 467.6 m 408 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 467.6 m 483 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 467.6 m 487 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 467.6 m 562 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 455.6 m 404 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 455.6 m 483 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 455.6 m 562 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 395.6 m 404 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 380.6 m 404 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 378.6 m 404 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 395.6 m 483 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 380.6 m 483 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 378.6 m 483 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 395.6 m 562 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 380.6 m 562 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 378.6 m 562 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 347.6 m 404 347.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 347.6 m 483 347.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 347.6 m 562 347.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 332.6 m 404 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 330.6 m 404 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 332.6 m 483 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 330.6 m 483 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 332.6 m 562 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 330.6 m 562 330.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 471.55 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.95 471.68 Td (As of December 31, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 459.55 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.65 459.68 Td (Level 1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.65 459.68 Td (Level 2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 515.25 459.68 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 447.55 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.20 447.68 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 434.17 Td (Assets:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 418.17 Td (Debt securities:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 402.17 Td ( Demand obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.50 400.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.15 400.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.50 400.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 400.27 Td (616) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.50 400.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 400.27 Td (616) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.50 386.17 Td ( Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.50 384.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.15 384.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.50 384.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 384.27 Td (616) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.50 384.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 384.27 Td (616) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 370.17 Td (Liabilities:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 354.17 Td ( Interest rate derivative financial instruments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.50 352.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.15 352.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.50 352.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.65 352.27 Td (43,089) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.50 352.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 352.27 Td (43,089) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.50 338.17 Td ( Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.50 336.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.15 336.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.50 336.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.65 336.27 Td (43,089) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.50 336.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 336.27 Td (43,089) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 314.10 Td (14. COMMITMENTS ) Tj ET Q q 0 0 0 rg BT 146.45 314.10 Td (AND CONTINGENCIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 296.10 Td (From time to time, the Company) Tj ET Q q 0 0 0 rg BT 207.38 296.10 Td (s dealerships are named in various types of litigation involving customer claims, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (employment matters, class action claims, purported class action claims, as well as claims involving the manufacturer of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (automobiles, contractual disputes and other matters arising in the ordinary course of business. Due to the nature of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (automotive retailing business, the Company may be involved in legal proceedings or suf) Tj ET Q q 0 0 0 rg BT 402.85 260.10 Td (fer losses that could have a material ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (adverse ef) Tj ET Q q 0 0 0 rg BT 90.13 248.10 Td (fect on the Company) Tj ET Q q 0 0 0 rg BT 176.49 248.10 Td (s business. In the normal course of business, the Company is required to respond to customer) Tj ET Q q 0 0 0 rg BT 548.53 248.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (employee and other third-party complaints. ) Tj ET Q q 0 0 0 rg BT 224.45 236.10 Td (Amounts that have been accrued or paid related to the settlement of litigation are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (included in SG&A) Tj ET Q q 0 0 0 rg BT 123.94 224.10 Td ( expenses in the Company) Tj ET Q q 0 0 0 rg BT 231.70 224.10 Td (s Consolidated Statements of Operations. In addition, the manufacturers of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 212.10 Td (vehicles that the Company sells and services have audit rights allowing them to review the validity of amounts claimed for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 200.10 Td (incentive, rebate or warranty-related items and char) Tj ET Q q 0 0 0 rg BT 255.60 200.10 Td (ge the Company back for amounts determined to be invalid payments under ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 188.10 Td (the manufacturers) Tj ET Q q 0 0 0 rg BT 124.00 188.10 Td ( programs, subject to the Company) Tj ET Q q 0 0 0 rg BT 266.75 188.10 Td (s right to appeal any such decision. ) Tj ET Q q 0 0 0 rg BT 408.94 188.10 Td (Amounts that have been accrued or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 176.10 Td (paid related to the settlement of manufacturer char) Tj ET Q q 0 0 0 rg BT 251.17 176.10 Td (gebacks of recognized incentives and rebates are included in cost of sales in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 164.10 Td (the Company) Tj ET Q q 0 0 0 rg BT 105.88 164.10 Td (s Consolidated Statements of Operations, while such amounts for manufacturer char) Tj ET Q q 0 0 0 rg BT 442.56 164.10 Td (gebacks of recognized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 152.10 Td (warranty-related items are included as a reduction of revenues in the Company) Tj ET Q q 0 0 0 rg BT 367.43 152.10 Td (s Consolidated Statements of Operations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 134.10 Td (Legal Proceedings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 116.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 111.18 116.10 Td (, the Company is not party to any legal proceedings that, individually or in the aggregate, are reasonably ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 104.10 Td (expected to have a material adverse ef) Tj ET Q q 0 0 0 rg BT 202.01 104.10 Td (fect on the Company's results of operations, financial condition, or cash flows, including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 92.10 Td (class action lawsuits. However) Tj ET Q q 0 0 0 rg BT 172.40 92.10 Td (, the results of current, or future, matters cannot be predicted with certainty) Tj ET Q q 0 0 0 rg BT 471.92 92.10 Td (, and an unfavorable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 80.10 Td (resolution of one or more of such matters could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 346.15 80.10 Td (fect on the Company's results of operations, financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 68.10 Td (condition, or cash flows.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 148.09 68.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 243 0 obj <>] /Rotate 0 /Contents 244 0 R>> endobj 244 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-36) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 722.10 Td (In December 201) Tj ET Q q 0 0 0 rg BT 141.04 722.10 Td (1, an adverse jury verdict was rendered against the Company in the San Diego County Superior Court, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td (awarding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.21 710.10 Td ($7.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.10 710.10 Td ( to the plaintif) Tj ET Q q 0 0 0 rg BT 194.29 710.10 Td (f who sought reimbursement for medical expenses, lost wages and pain and suf) Tj ET Q q 0 0 0 rg BT 510.98 710.10 Td (fering ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 698.10 Td (arising from an accident involving one of the Company) Tj ET Q q 0 0 0 rg BT 273.89 698.10 Td (s customer shuttle vans and the plaintif) Tj ET Q q 0 0 0 rg BT 429.79 698.10 Td (f) Tj ET Q q 0 0 0 rg BT 433.67 698.10 Td () Tj ET Q q 0 0 0 rg BT 436.45 698.10 Td (s motorcycle. ) Tj ET Q q 0 0 0 rg BT 492.64 698.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 552.35 698.10 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 686.10 Td (insurance covered any loss in excess of its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.12 686.10 Td ($1.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.01 686.10 Td ( self-insured retention relative to this matter) Tj ET Q q 0 0 0 rg BT 444.95 686.10 Td (. ) Tj ET Q q 0 0 0 rg BT 449.77 686.10 Td (The Company fully accrued ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 674.10 Td (the amount of the award and the related insurance char) Tj ET Q q 0 0 0 rg BT 268.39 674.10 Td (ge as a current account receivable and a current accrued expense, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 662.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 662.10 Td (, in the Consolidated Balance Sheet as of December 31, 201) Tj ET Q q 0 0 0 rg BT 336.72 662.10 Td (1. In the third quarter of 2013, the insurance company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 650.10 Td (settled this matter with the plaintif) Tj ET Q q 0 0 0 rg BT 186.79 650.10 Td (f, the Company paid its self-insured retention and the full amount of the current account ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 638.10 Td (receivable and current accrued expense was settled as originally anticipated.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 63.00 620.10 Td (Other Matters) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 602.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 129.78 602.10 Td (, acting through its subsidiaries, is the lessee under many real estate leases that provide for the use by the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 590.10 Td (s subsidiaries of their respective dealership premises. Pursuant to these leases, the Company) Tj ET Q q 0 0 0 rg BT 462.19 590.10 Td (s subsidiaries generally ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (agree to indemnify the lessor and other parties from certain liabilities arising as a result of the use of the leased premises, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (including environmental liabilities, or a breach of the lease by the lessee. ) Tj ET Q q 0 0 0 rg BT 342.74 566.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 392.64 566.10 Td (, from time to time, the Company enters ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (into agreements in connection with the sale of assets or businesses in which it agrees to indemnify the purchaser) Tj ET Q q 0 0 0 rg BT 497.87 554.10 Td (, or other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 542.10 Td (parties, from certain liabilities or costs arising in connection with the assets or business. ) Tj ET Q q 0 0 0 rg BT 402.21 542.10 Td (Also, in the ordinary course of business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 530.10 Td (in connection with purchases or sales of goods and services, the Company enters into agreements that may contain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 518.10 Td (indemnification provisions. In the event that an indemnification claim is asserted, liability would be limited by the terms of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 506.10 Td (applicable agreement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 488.10 Td (From time to time, primarily in connection with dealership dispositions, the Company) Tj ET Q q 0 0 0 rg BT 420.40 488.10 Td (s subsidiaries assign or sublet to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (the dealership purchaser the subsidiaries) Tj ET Q q 0 0 0 rg BT 213.70 476.10 Td ( interests in any real property leases associated with such dealerships. In general, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 464.10 Td (s subsidiaries retain responsibility for the performance of certain obligations under such leases to the extent that the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (assignee or sublessee does not perform, whether such performance is required prior to or following the assignment or subletting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (of the lease. ) Tj ET Q q 0 0 0 rg BT 99.48 440.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 149.38 440.10 Td (, the Company and its subsidiaries generally remain subject to the terms of any guarantees made by the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (Company and its subsidiaries in connection with such leases. ) Tj ET Q q 0 0 0 rg BT 295.57 428.10 Td (Although the Company generally has indemnification rights ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (against the assignee or sublessee in the event of non-performance under these leases, as well as certain defenses, and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (Company presently has no reason to believe that it or its subsidiaries will be called on to perform under any such assigned ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (leases or subleases, the Company estimates that lessee rental payment obligations during the remaining terms of these leases ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.43 380.10 Td ($25.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.32 380.10 Td ( as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.48 380.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.06 380.10 Td (. ) Tj ET Q q 0 0 0 rg BT 232.88 380.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 292.60 380.10 Td (s exposure under these leases is dif) Tj ET Q q 0 0 0 rg BT 432.38 380.10 Td (ficult to estimate and there can ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (be no assurance that any performance of the Company or its subsidiaries required under these leases would not have a material ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (adverse ef) Tj ET Q q 0 0 0 rg BT 90.13 356.10 Td (fect on the Company) Tj ET Q q 0 0 0 rg BT 176.49 356.10 Td (s business, financial condition, or cash flows. ) Tj ET Q q 0 0 0 rg BT 360.17 356.10 Td (The Company and its subsidiaries also may be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (called on to perform other obligations under these leases, such as environmental remediation of the leased premises or repair of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (the leased premises upon termination of the lease. However) Tj ET Q q 0 0 0 rg BT 287.63 332.10 Td (, the Company does not have any known material environmental ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (commitments or contingencies and presently has no reason to believe that it or its subsidiaries will be called on to so perform.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 302.10 Td (In the ordinary course of business, the Company is subject to numerous laws and regulations, including automotive, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 290.10 Td (environmental, health and safety) Tj ET Q q 0 0 0 rg BT 179.36 290.10 Td (, and other laws and regulations. ) Tj ET Q q 0 0 0 rg BT 311.37 290.10 Td (The Company does not anticipate that the costs of such ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 278.10 Td (compliance will have a material adverse ef) Tj ET Q q 0 0 0 rg BT 220.34 278.10 Td (fect on its business, consolidated results of operations, financial condition, or cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 266.10 Td (flows, although such outcome is possible given the nature of its operations and the extensive legal and regulatory framework ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 254.10 Td (applicable to its business. ) Tj ET Q q 0 0 0 rg BT 154.03 254.10 Td (The Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 223.27 254.10 Td (W) Tj ET Q q 0 0 0 rg BT 231.91 254.10 Td (all Street Reform and Consumer Protection ) Tj ET Q q 0 0 0 rg BT 406.88 254.10 Td (Act, which was signed into law on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 242.10 Td (July21, 2010, established a new consumer financial protection agency with broad regulatory powers. ) Tj ET Q q 0 0 0 rg BT 456.89 242.10 Td (Although automotive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 230.10 Td (dealers are generally excluded, the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 241.37 230.10 Td (Act could lead to additional, indirect regulation of automotive dealers through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 218.10 Td (its regulation of automotive finance companies and other financial institutions. In addition, the Patient Protection and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 206.10 Td (Af) Tj ET Q q 0 0 0 rg BT 59.87 206.10 Td (fordable Care ) Tj ET Q q 0 0 0 rg BT 116.51 206.10 Td (Act, which was signed into law on March23, 2010, has the potential to increase the Company) Tj ET Q q 0 0 0 rg BT 495.59 206.10 Td (s future annual ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 194.10 Td (employee health care costs. Further) Tj ET Q q 0 0 0 rg BT 190.99 194.10 Td (, new laws and regulations, particularly at the federal level, may be enacted, which could ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 182.10 Td (also have a materially adverse impact on its business. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 158.10 Td (15. ) Tj ET Q q 0 0 0 rg BT 63.95 158.10 Td (ASSET) Tj ET Q q 0 0 0 rg BT 95.45 158.10 Td ( IMP) Tj ET Q q 0 0 0 rg BT 116.65 158.10 Td (AIRMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 140.10 Td (During the fourth quarters of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.52 140.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.52 140.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.52 140.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.52 140.10 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.46 140.10 Td (201) Tj ET Q q 0 0 0 rg BT 273.09 140.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.09 140.10 Td (, the Company performed its annual impairment assessment of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 128.10 Td (carrying value of its goodwill and intangible franchise rights. In such assessment, the fair value of each of the Company) Tj ET Q q 0 0 0 rg BT 531.86 128.10 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 116.10 Td (reporting units exceeded the carrying value of its net assets \(step one of the goodwill impairment test\). ) Tj ET Q q 0 0 0 rg BT 461.05 116.10 Td (As a result, the Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 104.10 Td (was not required to conduct the second step of the impairment test. During the fourth quarter of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.84 104.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.84 104.10 Td (, the Company determined ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 92.10 Td (that the carrying value of certain of its intangible franchise rights was greater than the fair value and as such a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.72 92.10 Td ($5.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.61 92.10 Td ( pre-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 80.10 Td (tax non-cash asset impairment char) Tj ET Q q 0 0 0 rg BT 190.38 80.10 Td (ge was recognized. In addition, the Company also determined that the carrying value of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 68.10 Td (various other long-term assets was no longer recoverable, and recognized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.78 68.10 Td ($1.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.67 68.10 Td ( in pre-tax non-cash asset impairment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 56.10 Td (char) Tj ET Q q 0 0 0 rg BT 66.53 56.10 Td (ges during the twelve months ended December 31, 2013.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.25 56.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 245 0 obj <>] /Rotate 0 /Contents 246 0 R>> endobj 246 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-37) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 722.10 Td (If in future periods, the Company determines that the carrying amount of its net assets exceeds the respective fair value as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td (a result of step one of its goodwill impairment test for any or all of its reporting units, the application of the second step of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 698.10 Td (impairment test could result in a material non-cash impairment char) Tj ET Q q 0 0 0 rg BT 320.62 698.10 Td (ge to the goodwill associated with the reporting unit\(s\). If ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 686.10 Td (any of the Company's assumptions change, or fail to materialize, the resulting decline in its estimated fair market value of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 674.10 Td (intangible franchise rights could result in a material non-cash impairment char) Tj ET Q q 0 0 0 rg BT 362.55 674.10 Td (ge. For example, if the Company's assumptions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 662.10 Td (regarding the risk-free rate and cost of debt dif) Tj ET Q q 0 0 0 rg BT 235.91 662.10 Td (fered such that the estimated ) Tj ET Q q 0 0 0 rg BT 352.63 662.10 Td (W) Tj ET Q q 0 0 0 rg BT 360.96 662.10 Td (ACC used in its 2013 assessment for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 650.10 Td (franchises acquired prior to January 1, 2013 increased by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.53 650.10 Td (200) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.53 650.10 Td ( basis points, and all other assumptions remained constant, an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 638.10 Td (additional ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.99 638.10 Td ($10.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.88 638.10 Td ( of non-cash franchise rights impairment char) Tj ET Q q 0 0 0 rg BT 327.86 638.10 Td (ges, would have resulted. However) Tj ET Q q 0 0 0 rg BT 467.97 638.10 Td (, none of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 626.10 Td (Company's reporting units would have failed the step one impairment test for goodwill. Further) Tj ET Q q 0 0 0 rg BT 430.83 626.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.83 626.10 Td (if the Company forecasted no ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (new vehicle sales growth beyond 2015 in the 2013 impairment assessment for the franchises acquired prior to January 1, 2013 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (and all other assumptions remained constant, an additional $1.9 million of non-cash franchise rights impairment char) Tj ET Q q 0 0 0 rg BT 517.25 602.10 Td (ges would ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (have resulted. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 106.98 590.10 Td (And, again, none of the Company) Tj ET Q q 0 0 0 rg BT 245.01 590.10 Td (s reporting units would have failed the step one impairment test for goodwill.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 572.10 Td (During ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.33 572.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.33 572.10 Td (, the Company recorded the following non-cash impairment char) Tj ET Q q 0 0 0 rg BT 383.24 572.10 Td (ges, all of which are reflected in asset ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (impairments in the accompanying Consolidated Statement of Operations:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.95 542.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 542.10 Td (In the fourth quarter of 2012, the Company determined that the carrying value of certain of its intangible franchise ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 530.10 Td (rights was greater than the fair value and as such a non-cash asset impairment was recognized for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.75 530.10 Td ($7.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.64 530.10 Td ( of pre-tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 518.10 Td (non-cash asset impairment char) Tj ET Q q 0 0 0 rg BT 206.11 518.10 Td (ges.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.95 500.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 500.10 Td (The Company also determined that the carrying value of various other long-term assets was no longer recoverable, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 488.10 Td (recognized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.31 488.10 Td ($0.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.20 488.10 Td ( in pre-tax non-cash asset impairment char) Tj ET Q q 0 0 0 rg BT 344.96 488.10 Td (ges.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.79 488.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 470.10 Td (During ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.83 470.10 Td (201) Tj ET Q q 0 0 0 rg BT 117.46 470.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.46 470.10 Td (, the Company recorded the following non-cash impairment char) Tj ET Q q 0 0 0 rg BT 381.37 470.10 Td (ges, all of which are reflected in asset ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 458.10 Td (impairments in the accompanying Consolidated Statement of Operations:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.95 440.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 440.10 Td (The Company determined that a certain real estate investment qualified as held-for) Tj ET Q q 0 0 0 rg BT 411.01 440.10 Td (-sale during the third quarter of 201) Tj ET Q q 0 0 0 rg BT 553.37 440.10 Td (1. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 428.10 Td (As a result, the Company adjusted the respective carrying values of the assets to their estimated fair market values, as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 416.10 Td (determined by third-party appraisals and brokers) Tj ET Q q 0 0 0 rg BT 277.20 416.10 Td ( opinions of values. ) Tj ET Q q 0 0 0 rg BT 357.84 416.10 Td (The Company recorded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.75 416.10 Td ($3.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.64 416.10 Td ( of pre-tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 404.10 Td (non-cash asset impairment char) Tj ET Q q 0 0 0 rg BT 206.11 404.10 Td (ges. Subsequently) Tj ET Q q 0 0 0 rg BT 277.68 404.10 Td (, in the fourth quarter of 201) Tj ET Q q 0 0 0 rg BT 390.89 404.10 Td (1, the plan to dispose of the real estate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 392.10 Td (investment was terminated due to non-performance on the buyer's part. ) Tj ET Q q 0 0 0 rg BT 366.39 392.10 Td (As a result, the real estate investment no longer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 380.10 Td (qualified as held-for) Tj ET Q q 0 0 0 rg BT 160.83 380.10 Td (-sale and the assets were subsequently reclassified as held-for) Tj ET Q q 0 0 0 rg BT 407.21 380.10 Td (-use prior to December 31, 201) Tj ET Q q 0 0 0 rg BT 531.80 380.10 Td (1.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.95 362.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 362.10 Td (The Company also determined that the carrying value of various other long-term assets was no longer recoverable, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 350.10 Td (recognized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.31 350.10 Td ($1.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.20 350.10 Td ( in pre-tax non-cash asset impairment char) Tj ET Q q 0 0 0 rg BT 344.96 350.10 Td (ges.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.95 332.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 332.10 Td (In the fourth quarter of 201) Tj ET Q q 0 0 0 rg BT 188.71 332.10 Td (1, the Company) Tj ET Q q 0 0 0 rg BT 251.66 332.10 Td (, through its annual assessment of intangible franchise rights, identified no ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.95 320.10 Td (corresponding impairments.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (16. INT) Tj ET Q q 0 0 0 rg BT 81.54 296.10 Td (ANGIBLE FRANCHISE RIGHTS ) Tj ET Q q 0 0 0 rg BT 232.41 296.10 Td (AND GOODWILL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 278.10 Td (The following is a roll-forward of the Company) Tj ET Q q 0 0 0 rg BT 267.62 278.10 Td (s intangible franchise rights and goodwill accounts: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 225.60 221.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 225.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 225.60 69.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 225.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 225.60 69.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 225.60 5.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 225.60 69.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 225.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 225.60 69.00 -16.00 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0.9333333333333333 1 rg /GS0 gs 337.00 584.50 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 584.50 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 584.50 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 584.50 66.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 584.50 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 584.50 69.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 552.50 218.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 552.50 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 552.50 66.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 552.50 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 552.50 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 552.50 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 552.50 66.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 552.50 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 552.50 69.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 736.5 m 337 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 724.5 m 337 724.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 736.5 m 341 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 724.5 m 341 724.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 736.5 m 406 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 724.5 m 406 724.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 736.5 m 410 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 724.5 m 410 724.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 736.5 m 476 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 724.5 m 476 724.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 736.5 m 480 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 724.5 m 480 724.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 736.5 m 549 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 724.5 m 549 724.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 632.5 m 337 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 632.5 m 341 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 632.5 m 406 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 632.5 m 410 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 632.5 m 476 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 632.5 m 480 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 632.5 m 549 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 552.5 m 337 552.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 537.5 m 337 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 535.5 m 337 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 552.5 m 341 552.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 537.5 m 341 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 535.5 m 341 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 552.5 m 406 552.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 537.5 m 406 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 535.5 m 406 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 552.5 m 410 552.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 537.5 m 410 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 535.5 m 410 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 552.5 m 476 552.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 537.5 m 476 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 535.5 m 476 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 552.5 m 480 552.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 537.5 m 480 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 535.5 m 480 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 552.5 m 549 552.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 537.5 m 549 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 535.5 m 549 535.5 l s BT /F3 8.50 Tf ET q 0 0 0 rg BT 392.95 740.24 Td (Goodwill) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 295.90 728.24 Td (U.S.) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 364.45 728.24 Td (U.K.) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 431.40 728.24 Td (Brazil) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 504.70 728.24 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 716.45 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 384.70 716.58 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 703.07 Td (BALANCE, December 31, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.50 701.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.65 701.17 Td (523,940) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.50 701.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.65 701.17 Td (7,518) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.50 701.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 701.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.50 701.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.65 701.17 Td (531,458) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 551.50 705.84 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.50 687.07 Td (Additions through acquisitions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.65 685.17 Td (42,307) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.65 685.17 Td (9,392) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 685.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.65 685.17 Td (51,699) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.50 671.07 Td (Disposals) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.30 669.22 Td (\(1,309) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 669.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.15 669.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 669.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.30 669.22 Td (\(1,309) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.15 669.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.50 655.07 Td (Currency Translation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.15 653.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.15 653.17 Td (670) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 653.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 653.17 Td (670) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.50 639.07 Td (Tax adjustments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.80 637.22 Td (\(134) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 637.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.15 637.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 637.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.80 637.22 Td (\(134) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.15 637.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 623.07 Td (BALANCE, December 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.65 621.17 Td (564,804) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.65 621.17 Td (17,580) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 621.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.65 621.17 Td (582,384) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 551.50 625.84 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.50 607.07 Td (Additions through acquisitions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.65 605.17 Td (54,131) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.65 605.17 Td (1,546) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.65 605.17 Td (121,644) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.65 605.17 Td (177,321) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.50 591.07 Td (Disposals) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.30 589.22 Td (\(6,333) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 589.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.15 589.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 589.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.30 589.22 Td (\(6,333) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.15 589.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.50 575.07 Td (Currency Translation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.15 573.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.15 573.17 Td (476) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.30 573.22 Td (\(16,411) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.15 573.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.30 573.22 Td (\(15,935) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.15 573.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.50 559.07 Td (Tax adjustments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.80 557.22 Td (\(134) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 557.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.15 557.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 557.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.80 557.22 Td (\(134) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.15 557.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 543.07 Td (BALANCE, December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.50 541.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.65 541.17 Td (612,468) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.50 541.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.65 541.17 Td (19,602) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.50 541.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.65 541.17 Td (105,233) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.50 541.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.65 541.17 Td (737,303) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 551.50 545.84 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 49.50 523.83 Td (\(1\) ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 69.86 520.20 Td (Net of accumulated impairment of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 196.06 520.20 Td ($40.3 million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 244.56 520.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 502.20 Td (The increase in the Company) Tj ET Q q 0 0 0 rg BT 193.46 502.20 Td (s goodwill in 2013 was primarily related to the goodwill associated with the purchase of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.66 502.20 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.66 502.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 490.20 Td (dealerships in Brazil, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.70 490.20 Td (four) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.36 490.20 Td ( dealerships in the U.K. and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.22 490.20 Td (nine) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.44 490.20 Td ( dealerships in the U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 472.20 Td (The increase in the Company) Tj ET Q q 0 0 0 rg BT 193.46 472.20 Td (s goodwill in 2012 was primarily related to the goodwill associated with the purchase of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.66 472.20 Td (six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 560.33 472.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 460.20 Td (dealerships in the U.K. and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.86 460.20 Td (ten) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.08 460.20 Td ( dealerships in the U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 442.20 Td (The increase in the Company) Tj ET Q q 0 0 0 rg BT 193.46 442.20 Td (s intangible franchise rights in 2013 and 2012 was primarily related to the acquisitions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 430.20 Td (described above. ) Tj ET Q q 0 0 0 rg BT 119.01 430.20 Td (The allocation of the purchase price for the 2013 acquisitions, including the valuation of intangible franchise ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 418.20 Td (rights and goodwill, is preliminary and based on estimates and assumptions that are subject to change within the purchase price ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 406.20 Td (allocation period.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 382.20 Td (17. EMPLOYEE SA) Tj ET Q q 0 0 0 rg BT 135.72 382.20 Td (VINGS PLANS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 364.20 Td (The Company has a deferred compensation plan to provide select employees and non-employee members of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 352.20 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 352.20 Td (s Board of Directors with the opportunity to accumulate additional savings for retirement on a tax-deferred basis ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 340.20 Td (\(Deferred Compensation Plan\). Participants in the Deferred Compensation Plan are allowed to defer receipt of a portion of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 328.20 Td (their salary and/or bonus compensation, or in the case of the Company) Tj ET Q q 0 0 0 rg BT 334.43 328.20 Td (s non-employee directors, annual retainer and meeting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 316.20 Td (fees, earned. ) Tj ET Q q 0 0 0 rg BT 102.06 316.20 Td (The participants can choose from various defined investment options to determine their earnings crediting rate; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 304.20 Td (however) Tj ET Q q 0 0 0 rg BT 83.53 304.20 Td (, the Company has complete discretion over how the funds are utilized. Participants in the Deferred Compensation Plan ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 292.20 Td (are unsecured creditors of the Company) Tj ET Q q 0 0 0 rg BT 208.51 292.20 Td (. ) Tj ET Q q 0 0 0 rg BT 213.33 292.20 Td (The balances due to participants of the Deferred Compensation Plan as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 280.20 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.08 280.20 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.52 280.20 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.52 280.20 Td ( were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.95 280.20 Td ($30.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.84 280.20 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.28 280.20 Td ($26.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.17 280.20 Td (, respectively) Tj ET Q q 0 0 0 rg BT 371.83 280.20 Td (, and are included in other liabilities in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 268.20 Td (accompanying Consolidated Balance Sheets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 250.20 Td (The Company of) Tj ET Q q 0 0 0 rg BT 141.08 250.20 Td (fers a 401\(k\) plan to all of its employees. For the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.79 250.20 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.37 250.20 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.81 250.20 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.81 250.20 Td (, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 238.20 Td (matching contributions paid by the Company totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.52 238.20 Td ($4.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.41 238.20 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.85 238.20 Td ($3.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.74 238.20 Td (, respectively) Tj ET Q q 0 0 0 rg BT 432.40 238.20 Td (.) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 249 0 obj <>] /Rotate 0 /Contents 250 0 R>> endobj 250 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-39) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 716.25 Td (18. OPERA) Tj ET Q q 0 0 0 rg BT 98.76 716.25 Td (TING LEASES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 698.25 Td (The Company leases various facilities and equipment under long-term operating lease agreements. Generally) Tj ET Q q 0 0 0 rg BT 509.09 698.25 Td (, our real ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 686.25 Td (estate and facility leases have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.28 686.25 Td (30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.28 686.25 Td (-year total terms with initial terms of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.96 686.25 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.96 686.25 Td (years and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.00 686.25 Td (three) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.98 686.25 Td ( additional ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.97 686.25 Td (five) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.52 686.25 Td (-year terms, at our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 674.25 Td (option.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 656.25 Td (Future minimum lease payments for non-cancelable operating leases as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.29 656.25 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.87 656.25 Td (, are as follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 597.75 417.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 597.75 95.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 583.75 417.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 569.75 417.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 569.75 95.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 555.75 417.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 541.75 417.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 541.75 95.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 527.75 417.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 513.75 417.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 513.75 95.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 499.75 417.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 611.75 m 562 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 499.75 m 562 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 486.75 m 562 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 484.75 m 562 484.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 616.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.25 615.98 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 602.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.20 601.98 Td (\(Inthousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 588.32 Td (Year Ended December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 574.32 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.50 574.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 574.32 Td (55,641) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 560.32 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 560.32 Td (51,936) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 546.32 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 546.32 Td (47,604) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 532.32 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 532.32 Td (42,818) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 518.32 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 518.32 Td (35,029) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 504.32 Td (Thereafter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 504.32 Td (135,437) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 490.32 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 490.32 Td (otal ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 75.41 494.85 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.98 490.32 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.50 490.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 490.32 Td (368,465) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 49.50 480.27 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.56 476.65 Td ( Includes ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.66 476.65 Td ($2.3 million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.78 476.65 Td ( of future, non-cancelable sublease payments to be received.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 458.65 Td (T) Tj ET Q q 0 0 0 rg BT 78.91 458.65 Td (otal rent expense under all operating leases was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.62 458.65 Td ($59.7 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.51 458.65 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.51 458.65 Td ($50.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.40 458.65 Td (, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.34 458.65 Td ($48.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.23 458.65 Td ( for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 446.65 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.08 446.65 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.08 446.65 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.08 446.65 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.52 446.65 Td (201) Tj ET Q q 0 0 0 rg BT 187.15 446.65 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.15 446.65 Td (, respectively) Tj ET Q q 0 0 0 rg BT 244.81 446.65 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 428.65 Td (19. ) Tj ET Q q 0 0 0 rg BT 63.95 428.65 Td (ACCUMULA) Tj ET Q q 0 0 0 rg BT 122.64 428.65 Td (TED OTHER COMPREHENSIVE INCOME) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 410.65 Td (Changes in the balances of each component of accumulated other comprehensive income for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 398.65 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.08 398.65 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.08 398.65 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.08 398.65 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.52 398.65 Td (201) Tj ET Q q 0 0 0 rg BT 187.15 398.65 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.15 398.65 Td ( are as follows:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 252.97 398.65 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 332.15 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.00 332.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.00 332.15 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 332.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 332.15 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 332.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 332.15 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 332.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 332.15 69.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 317.15 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 302.15 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.00 302.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.00 302.15 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 302.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 302.15 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 302.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 302.15 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 302.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 302.15 69.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 287.15 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 272.15 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.00 272.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.00 272.15 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 272.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 272.15 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 272.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 272.15 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 272.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 272.15 69.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 257.15 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 242.15 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.00 242.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.00 242.15 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 242.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 242.15 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 242.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 242.15 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 242.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 242.15 69.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 345.15 m 343 345.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 345.15 m 416 345.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 345.15 m 489 345.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 345.15 m 562 345.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 302.15 m 343 302.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 302.15 m 416 302.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 302.15 m 489 302.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 302.15 m 562 302.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 272.15 m 343 272.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 272.15 m 416 272.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 272.15 m 489 272.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 272.15 m 562 272.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 242.14999999999998 m 343 242.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 242.14999999999998 m 416 242.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 242.14999999999998 m 489 242.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 242.14999999999998 m 562 242.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 228.14999999999998 m 343 228.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 226.14999999999998 m 343 226.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 228.14999999999998 m 416 228.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 226.14999999999998 m 416 226.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 228.14999999999998 m 489 228.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 226.14999999999998 m 489 226.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 228.14999999999998 m 562 228.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 226.14999999999998 m 562 226.14999999999998 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.40 373.38 Td (Unr) Tj ET Q q 0 0 0 rg BT 303.03 373.38 Td (ealized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.85 365.38 Td (Gain\(Loss\)on) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 277.35 357.38 Td (For) Tj ET Q q 0 0 0 rg BT 289.64 357.38 Td (eignCurr) Tj ET Q q 0 0 0 rg BT 323.05 357.38 Td (ency) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 288.25 349.38 Td (T) Tj ET Q q 0 0 0 rg BT 292.99 349.38 Td (ranslation) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 362.40 373.38 Td (Unr) Tj ET Q q 0 0 0 rg BT 376.03 373.38 Td (ealized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 361.10 365.38 Td (Gain\(Loss\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.75 357.38 Td (onMarketable) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.30 349.38 Td (Securities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 435.40 373.38 Td (Unr) Tj ET Q q 0 0 0 rg BT 449.03 373.38 Td (ealized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 434.10 365.38 Td (Gain\(Loss\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 435.50 357.38 Td (on Inter) Tj ET Q q 0 0 0 rg BT 463.13 357.38 Td (est) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 434.10 349.38 Td (RateSwaps) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.30 373.38 Td (Accumulated) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.85 365.38 Td (Other) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.40 357.38 Td (Compr) Tj ET Q q 0 0 0 rg BT 524.70 357.38 Td (ehensive) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 514.30 349.38 Td (Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 336.40 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.70 336.38 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 322.72 Td (BALANCE, December 31, 2010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.50 321.82 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.30 321.87 Td (\(7,852) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 321.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.50 321.82 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 321.82 Td (50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.50 321.82 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.30 321.87 Td (\(10,953) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.15 321.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.50 321.82 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.30 321.87 Td (\(18,755) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 321.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 307.72 Td (Other comprehensive income \(loss\), net oftax) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.80 306.87 Td (\(117) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 306.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.80 306.87 Td (\(42) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.15 306.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.30 306.87 Td (\(10,322) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.15 306.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.30 306.87 Td (\(10,481) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 306.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 292.72 Td (BALANCE, December 31, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.30 291.87 Td (\(7,969) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 291.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 291.82 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.30 291.87 Td (\(21,275) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.15 291.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.30 291.87 Td (\(29,236) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 291.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 277.72 Td (Other comprehensive income \(loss\), net oftax) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.65 276.82 Td (1,843) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.80 276.87 Td (\(8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.15 276.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.30 276.87 Td (\(5,656) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.15 276.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.30 276.87 Td (\(3,821) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 276.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 262.72 Td (BALANCE, December 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.30 261.87 Td (\(6,126) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 261.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 261.82 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.30 261.87 Td (\(26,931) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.15 261.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.30 261.87 Td (\(33,057) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 261.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 247.72 Td (Other comprehensive income \(loss\), net oftax) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.30 246.87 Td (\(31,701) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 246.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 246.82 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.65 246.82 Td (13,081) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.30 246.87 Td (\(18,620) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 246.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 232.72 Td (BALANCE, December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.50 231.82 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.30 231.87 Td (\(37,827) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.15 231.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.50 231.82 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 231.82 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.50 231.82 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.30 231.87 Td (\(13,850) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.15 231.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.50 231.82 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.30 231.87 Td (\(51,677) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 231.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 191.65 Td (20. SEGMENT) Tj ET Q q 0 0 0 rg BT 114.83 191.65 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 165.47 191.65 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 167.65 Td ( ) Tj ET Q q 0 0 0 rg BT 74.45 167.65 Td (As of December 31, 2013, the company had ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.29 167.65 Td (three) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.27 167.65 Td ( reportable segments: \(1\) the U.S., \(2\) the U.K., and \(3\) Brazil. Each of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 155.65 Td (the reportable segments is comprised of retail automotive franchises, which sell new vehicles, used vehicles, parts and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 143.65 Td (automotive services, finance and insurance products, and collision centers. ) Tj ET Q q 0 0 0 rg BT 350.83 143.65 Td (The vast majority of the Company's corporate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 131.65 Td (activities are associated with the operations of the U.S. operating segments and therefore the corporate financial results are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 119.65 Td (included within the U.S. reportable segment.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 95.65 Td ( ) Tj ET Q q 0 0 0 rg BT 74.82 95.65 Td (The reportable segments identified above are the business activities of the Company for which discrete financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 83.65 Td (information is available and for which operating results are regularly reviewed by our chief operating decision maker to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 71.65 Td (allocate resources and assess performance. Our chief operating decision maker is our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 469.93 71.65 Td (ficer) Tj ET Q q 0 0 0 rg BT 487.70 71.65 Td (. Reportable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 59.65 Td (segment revenue, gross profit, SG&A, depreciation and amortization expense, asset impairment, floorplan interest expense, ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 251 0 obj <>] /Rotate 0 /Contents 252 0 R>> endobj 252 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-40) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 722.10 Td (other interest expense, provision for income taxes, net income and capital expenditures were as follows for the years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 710.10 Td (December 31, 2013, 2012 and 201) Tj ET Q q 0 0 0 rg BT 187.65 710.10 Td (1:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 654.60 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 654.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 654.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 654.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 654.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 654.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 654.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 654.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 654.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 624.60 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 624.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 624.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 624.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 624.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 624.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 624.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 624.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 624.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 594.60 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 594.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 594.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 594.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 594.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 594.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 594.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 594.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 594.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 564.60 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 564.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 564.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 564.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 564.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 564.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 564.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 564.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 564.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 534.60 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 534.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 534.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 534.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 534.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 534.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 534.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 534.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 534.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 504.60 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 504.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 504.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 504.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 504.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 504.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 504.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 504.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 504.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 474.60 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 474.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 474.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 474.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 474.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 474.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 474.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 474.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 474.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 444.60 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 444.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 444.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 444.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 444.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 444.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 444.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 444.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 444.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 414.60 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 414.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 414.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 414.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 414.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 414.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 414.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 414.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 414.60 77.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 684.6 m 330.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 684.6 m 334.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 684.6 m 404.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 684.6 m 408.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 684.6 m 479.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 684.6 m 483.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 684.6 m 560.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 669.6 m 330.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 669.6 m 334.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 669.6 m 404.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 669.6 m 408.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 669.6 m 479.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 669.6 m 483.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 669.6 m 560.5 669.6 l s BT /F3 8.50 Tf ET q 0 0 0 rg BT 349.15 688.94 Td (Year Ended 31 December, 2013) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 282.90 673.94 Td (U.S.) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 360.45 673.94 Td (U.K.) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 428.10 673.94 Td (Brazil ) Tj ET Q BT /F3 8.50 Tf ET BT /F3 5.52 Tf ET q 0 0 0 rg BT 452.41 677.79 Td (\(1\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 512.20 673.94 Td (Total) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 379.15 658.94 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 644.27 Td (New vehicle retail sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.00 644.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.65 644.27 Td (4,220,913) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.00 644.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.15 644.27 Td (441,537) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.00 644.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 644.27 Td (562,471) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.00 644.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.65 644.27 Td (5,224,921) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 629.27 Td (Used vehicle retail sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.65 629.27 Td (1,728,072) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.15 629.27 Td (221,590) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.15 629.27 Td (89,766) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.65 629.27 Td (2,039,428) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 614.27 Td (Used vehicle wholesale sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.15 614.27 Td (236,995) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.15 614.27 Td (66,077) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.15 614.27 Td (29,113) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.15 614.27 Td (332,185) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 599.27 Td (Parts and service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.15 599.27 Td (878,951) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.15 599.27 Td (67,557) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.15 599.27 Td (64,177) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.65 599.27 Td (1,010,685) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 584.27 Td (Finance and insurance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.15 584.27 Td (288,409) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.15 584.27 Td (14,028) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.15 584.27 Td (8,925) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.15 584.27 Td (311,362) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 569.27 Td (Total revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.65 569.27 Td (7,353,340) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.15 569.27 Td (810,789) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 569.27 Td (754,452) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.65 569.27 Td (8,918,581) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 554.27 Td (Gross profit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.65 554.27 Td (1,116,415) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.15 554.27 Td (93,221) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.15 554.27 Td (82,910) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.65 554.27 Td (1,292,546) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 539.27 Td (Selling, general and administrative expense ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 229.61 543.80 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.15 539.27 Td (830,275) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.15 539.27 Td (74,777) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.15 539.27 Td (71,804) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.15 539.27 Td (976,856) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 524.27 Td (Depreciation and amortization expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.15 524.27 Td (31,671) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 524.27 Td (2,573) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.15 524.27 Td (1,582) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.15 524.27 Td (35,826) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 509.27 Td (Asset impairment) Tj ET Q BT /F2 10.00 Tf 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ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.15 419.27 Td (113,992) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 404.27 Td (Capital expenditures) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.15 404.27 Td (64,442) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 404.27 Td (1,489) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.15 404.27 Td (3,285) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.15 404.27 Td (69,216) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 50.00 386.63 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.20 382.10 Td (Includes financial data from the date of acquisition in February 2013.) 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/GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.00 555.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 555.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 555.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 555.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 555.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 555.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 555.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 525.60 197.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 525.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.00 525.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 525.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 525.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 525.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 525.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 525.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 525.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 495.60 197.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 495.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.00 495.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 495.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 495.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 495.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 495.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 495.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 495.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 465.60 197.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 465.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.00 465.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 465.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 465.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 465.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 465.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 465.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 465.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 699.6 m 325 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 699.6 m 329 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 699.6 m 404 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 699.6 m 408 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 699.6 m 483 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 699.6 m 487 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 699.6 m 562 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 687.6 m 325 687.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 687.6 m 329 687.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 687.6 m 404 687.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 687.6 m 408 687.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 687.6 m 483 687.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 687.6 m 487 687.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 687.6 m 562 687.6 l s BT /F3 8.50 Tf ET q 0 0 0 rg BT 349.15 703.34 Td (Year Ended 31 December, 2012) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 279.40 691.34 Td (U.S.) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 357.45 691.34 Td (U.K.) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 433.90 691.34 Td (Brazil) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 514.70 691.34 Td (Total) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 379.15 679.34 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 665.27 Td (New vehicle retail sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.50 665.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.15 665.27 Td (4,004,211) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.50 665.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.65 665.27 Td (286,887) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.50 665.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.15 665.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.50 665.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.15 665.27 Td (4,291,098) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 650.27 Td (Used vehicle retail sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.15 650.27 Td (1,623,588) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.65 650.27 Td (133,330) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.15 650.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.15 650.27 Td (1,756,918) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 635.27 Td (Used vehicle wholesale sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.65 635.27 Td (240,789) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.65 635.27 Td (47,350) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.15 635.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 635.27 Td (288,139) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 620.27 Td (Parts and service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.65 620.27 Td (833,964) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.65 620.27 Td (46,106) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.15 620.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 620.27 Td (880,070) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 605.27 Td (Finance and insurance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.65 605.27 Td (251,458) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.65 605.27 Td (8,417) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.15 605.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 605.27 Td (259,875) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 590.27 Td (Total revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.15 590.27 Td (6,954,010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.65 590.27 Td (522,090) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.15 590.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.15 590.27 Td (7,476,100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 575.27 Td (Gross profit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.15 575.27 Td (1,054,270) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.65 575.27 Td (62,982) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.15 575.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.15 575.27 Td (1,117,252) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 560.27 Td (Selling, general and administrative expense ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 228.11 564.80 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.65 560.27 Td (796,998) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.65 560.27 Td (51,448) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.15 560.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 560.27 Td (848,446) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 545.27 Td (Depreciation and amortization expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.65 545.27 Td (29,137) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.65 545.27 Td (2,397) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.15 545.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 545.27 Td (31,534) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 530.27 Td (Asset impairment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.65 530.27 Td (7,276) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.15 530.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.15 530.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 530.27 Td (7,276) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 515.27 Td (Floorplan interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.30 515.32 Td (\(30,736) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.15 515.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.30 515.32 Td (\(1,060) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 515.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.15 515.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.30 515.32 Td (\(31,796) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 515.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 500.27 Td (Other interest expense, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.30 500.32 Td (\(36,831) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.15 500.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.80 500.32 Td (\(634) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 500.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.15 500.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.30 500.32 Td (\(37,465) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 500.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 485.27 Td (Income before income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.65 485.27 Td (153,292) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.65 485.27 Td (7,443) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.15 485.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 485.27 Td (160,735) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 470.27 Td (Provision for income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.65 470.27 Td (58,794) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.65 470.27 Td (1,732) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.15 470.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 470.27 Td (60,526) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 455.27 Td (Net income ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 100.37 459.80 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.65 455.27 Td (94,498) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.65 455.27 Td (5,711) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.15 455.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 455.27 Td (100,209) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 440.27 Td (Capital expenditures) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.65 440.27 Td (61,214) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.15 440.27 Td (747) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.15 440.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 440.27 Td (61,961) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 50.00 416.63 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.58 412.10 Td ( Includes loss due to catastrophic events of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.42 412.10 Td ($4.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.31 412.10 Td (, acquisition costs of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.02 412.10 Td ($1.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.92 412.10 Td (, a net gain on real estate and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (dealership transactions of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.69 400.10 Td ($1.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.58 400.10 Td ( and severance costs of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.26 400.10 Td ($0.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.15 400.10 Td (, in the U.S. segment. ) Tj ET Q q 0 0 0 rg BT 435.21 400.10 Td (Also, includes severance cost ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.83 388.10 Td ($0.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.72 388.10 Td (, in the U.K. segment. ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 50.00 368.63 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.58 364.10 Td ( Includes the following, after tax: non-cash asset impairment char) Tj ET Q q 0 0 0 rg BT 319.53 364.10 Td (ges of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.19 364.10 Td ($4.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.08 364.10 Td (, loss due to catastrophic events of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.05 364.10 Td ($2.9 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 352.10 Td (, acquisition costs of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 352.10 Td ($1.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.50 352.10 Td (, a net gain on real estate and dealership transactions of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.74 352.10 Td ($0.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.63 352.10 Td ( and severance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (costs of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.33 340.10 Td ($0.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.22 340.10 Td (, in the U.S. segment. ) Tj ET Q q 0 0 0 rg BT 220.27 340.10 Td (Also, includes severance costs of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.23 340.10 Td ($0.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.13 340.10 Td (, in the U.K. segment.) 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ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 596.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 596.27 Td (195,736) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 581.27 Td (Total revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.65 581.27 Td (5,760,228) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.15 581.27 Td (319,537) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 581.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.65 581.27 Td (6,079,765) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 566.27 Td (Gross profit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.15 566.27 Td (923,037) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.15 566.27 Td (37,563) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 566.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 566.27 Td (960,600) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 551.27 Td (Selling, general and administrative expense ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 228.61 555.80 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.15 551.27 Td (704,773) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.15 551.27 Td (30,456) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 551.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 551.27 Td (735,229) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 536.27 Td (Depreciation and amortization expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.15 536.27 Td (24,999) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.15 536.27 Td (2,064) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 536.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 536.27 Td (27,063) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 521.27 Td (Asset impairment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.15 521.27 Td (4,805) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 521.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 521.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 521.27 Td (4,805) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 506.27 Td (Floorplan interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.80 506.32 Td (\(27,244) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.65 506.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.30 506.32 Td (\(443) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.65 506.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 506.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.80 506.32 Td (\(27,687) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 506.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 491.27 Td (Other interest expense, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.80 491.32 Td (\(33,249) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.65 491.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.30 491.32 Td (\(473) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.65 491.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 491.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.80 491.32 Td (\(33,722) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 491.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 476.27 Td (Income before income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.15 476.27 Td (127,967) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.15 476.27 Td (4,127) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 476.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 476.27 Td (132,094) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 461.27 Td (Provision for income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.15 461.27 Td (48,715) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 461.27 Td (985) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 461.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 461.27 Td (49,700) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 446.27 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.15 446.27 Td (79,252) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.15 446.27 Td (3,142) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 446.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 446.27 Td (82,394) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 431.27 Td (Capital expenditures) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.15 431.27 Td (39,630) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 431.27 Td (519) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 431.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 431.27 Td (40,149) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 50.00 413.63 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.58 409.10 Td ( Includes legal accrual of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.58 409.10 Td ($1.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.47 409.10 Td ( in the U.S. segment. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (Reportable segment goodwill and intangible franchise rights and total assets by segment were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 332.60 183.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 332.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 332.60 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 332.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 332.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 332.60 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 332.60 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 332.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 332.60 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 304.60 183.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 304.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 304.60 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 304.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 304.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 304.60 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 304.60 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 304.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 304.60 77.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 360.6 m 321.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 360.6 m 327.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 360.6 m 391.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 360.6 m 398.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 360.6 m 479.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 360.6 m 484.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 360.6 m 561.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 346.6 m 321.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 346.6 m 391.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 346.6 m 479.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 346.6 m 561.5 346.6 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 352.20 365.05 Td (As of December 31, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 271.45 351.05 Td (U.S.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.00 351.05 Td (U.K.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.75 351.05 Td (Brazil) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.65 351.05 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 371.60 337.05 Td (\(In thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 323.06 Td (Goodwill and intangible franchise rights) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.00 323.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.15 323.17 Td (828,881) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.00 323.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 323.17 Td (28,261) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.00 323.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 323.17 Td (181,666) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.00 323.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.65 323.17 Td (1,038,808) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 309.06 Td (Total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.00 309.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.65 309.17 Td (3,241,192) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.00 309.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.15 309.17 Td (237,960) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.00 309.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 309.17 Td (340,326) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.00 309.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.65 309.17 Td (3,819,478) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 295.06 Td (Net assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.00 295.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.15 295.17 Td (810,301) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.00 295.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 295.17 Td (69,405) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.00 295.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 295.17 Td (187,096) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.00 295.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.65 295.17 Td (1,066,802) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 226.60 185.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 226.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 226.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 226.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 226.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 226.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 226.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 226.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 226.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 198.60 185.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 198.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 198.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 198.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 198.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 198.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 198.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 198.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 198.60 76.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 254.60000000000002 m 316.5 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 254.60000000000002 m 321.5 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 254.60000000000002 m 401.5 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 254.60000000000002 m 405.5 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 254.60000000000002 m 480.5 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 254.60000000000002 m 485.5 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 254.60000000000002 m 561.5 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 240.60000000000002 m 316.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 240.60000000000002 m 401.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 240.60000000000002 m 480.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 240.60000000000002 m 561.5 240.60000000000002 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.20 259.05 Td (As of December 31, 2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 269.95 245.05 Td (U.S.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 352.00 245.05 Td (U.K.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.75 245.05 Td (Brazil) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.15 245.05 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.60 231.05 Td (\(In thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 217.06 Td (Goodwill and intangible franchise rights) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.00 217.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 217.17 Td (752,372) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 217.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.15 217.17 Td (26,070) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.00 217.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.65 217.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 217.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 217.17 Td (778,442) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 203.06 Td (Total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.00 203.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.65 203.17 Td (2,860,771) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 203.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.15 203.17 Td (162,244) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.00 203.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.65 203.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 203.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.65 203.17 Td (3,023,015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 189.06 Td (Net assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.00 189.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 189.17 Td (837,101) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 189.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.15 189.17 Td (57,862) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.00 189.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.65 189.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 189.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 189.17 Td (894,963) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 257 0 obj <>] /Rotate 0 /Contents 258 0 R>> endobj 258 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.55 33.60 Td (F-43) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 716.25 Td (21. SELECTED QUAR) Tj ET Q q 0 0 0 rg BT 149.45 716.25 Td (TERL) Tj ET Q q 0 0 0 rg BT 175.76 716.25 Td (Y) Tj ET Q q 0 0 0 rg BT 182.61 716.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 241.23 716.25 Td ( DA) Tj ET Q q 0 0 0 rg BT 257.43 716.25 Td (T) Tj ET Q q 0 0 0 rg BT 263.36 716.25 Td (A) Tj ET Q q 0 0 0 rg BT 270.03 716.25 Td ( \(UNAUDITED\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 339.75 716.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 654.75 158.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.00 654.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 654.75 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 654.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 654.75 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 654.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 654.75 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 654.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 654.75 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 654.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 654.75 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 628.75 158.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.00 628.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 628.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 628.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 628.75 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 628.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 628.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 628.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 628.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 628.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 628.75 67.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 614.75 158.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 600.75 158.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.00 600.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 600.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 600.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 600.75 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 600.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 600.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 600.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 600.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 600.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 600.75 67.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 586.75 158.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 572.75 158.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.00 572.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 572.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 572.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 572.75 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 572.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 572.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 572.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 572.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 572.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 572.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 545.75 158.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.00 545.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 545.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 545.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 545.75 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 545.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 545.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 545.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 545.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 545.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 545.75 67.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 531.75 158.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 517.75 158.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.00 517.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 517.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 517.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 517.75 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 517.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 517.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 517.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 517.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 517.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 517.75 67.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 503.75 158.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 489.75 158.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.00 489.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 489.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 489.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 489.75 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 489.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 489.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 489.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 489.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 489.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 489.75 67.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 684.75 m 279 684.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 684.75 m 283 684.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 684.75 m 349 684.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 684.75 m 353 684.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 684.75 m 420 684.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 684.75 m 424 684.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 684.75 m 491 684.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 669.75 m 279 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 669.75 m 349 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 669.75 m 420 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 669.75 m 491 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 669.75 m 562 669.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 689.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 337.05 688.98 Td (Quarter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.50 689.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 674.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 236.75 673.98 Td (First) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 303.25 673.98 Td (Second) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.95 673.98 Td (Third) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 445.00 673.98 Td (Fourth) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.30 673.98 Td (Full Year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 659.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 323.30 658.98 Td (\(In thousands, except per share data\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 645.48 Td (Year Ended December 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 58.50 632.48 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 619.32 Td (Total revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 619.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.15 619.32 Td (1,963,832) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.50 619.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.15 619.32 Td (2,335,110) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.50 619.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.15 619.32 Td (2,340,147) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.50 619.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.15 619.32 Td (2,279,492) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.50 619.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.15 619.32 Td (8,918,581) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 605.32 Td (Gross profit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.65 605.32 Td (300,489) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.65 605.32 Td (341,274) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.65 605.32 Td (329,462) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.65 605.32 Td (321,321) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.15 605.32 Td (1,292,546) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 591.32 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.65 591.32 Td (22,118) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.65 591.32 Td (37,388) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.65 591.32 Td (32,765) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.65 591.32 Td (21,721) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 591.32 Td (113,992) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 577.32 Td (Basic earnings per share) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 169.96 581.85 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.65 577.32 Td (0.95) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.65 577.32 Td (1.53) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.65 577.32 Td (1.34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 577.32 Td (0.89) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.65 577.32 Td (4.72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 563.32 Td (Diluted earnings per share) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 177.74 567.85 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.65 563.32 Td (0.88) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.65 563.32 Td (1.43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.65 563.32 Td (1.19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 563.32 Td (0.81) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.65 563.32 Td (4.32) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 58.50 549.48 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 536.32 Td (Total revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 536.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.15 536.32 Td (1,664,745) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.50 536.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.15 536.32 Td (1,895,826) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.50 536.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.15 536.32 Td (1,976,572) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.50 536.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.15 536.32 Td (1,938,957) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.50 536.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.15 536.32 Td (7,476,100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 522.32 Td (Gross profit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.65 522.32 Td (260,424) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.65 522.32 Td (285,344) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.65 522.32 Td (291,231) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.65 522.32 Td (280,253) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.15 522.32 Td (1,117,252) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 508.32 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.65 508.32 Td (23,117) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.65 508.32 Td (28,625) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.65 508.32 Td (31,335) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.65 508.32 Td (17,132) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 508.32 Td (100,209) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 494.32 Td (Basic earnings per share) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 169.96 498.85 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.65 494.32 Td (1.01) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.65 494.32 Td (1.25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.65 494.32 Td (1.38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 494.32 Td (0.75) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.65 494.32 Td (4.39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 480.32 Td (Diluted earnings per share) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 177.74 484.85 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.65 480.32 Td (0.97) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.65 480.32 Td (1.20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.65 480.32 Td (1.32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 480.32 Td (0.70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.65 480.32 Td (4.19) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 49.50 470.27 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.56 466.65 Td ( ) Tj ET Q q 0 0 0 rg BT 57.42 466.65 Td (The sum of the quarterly income per share amounts may not equal the annual amount reported, as per share amounts are computed independently for each ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 457.05 Td (quarter and for the full year based on the respective weighted average common shares outstanding.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 439.05 Td (During ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.33 439.05 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.33 439.05 Td (, the Company incurred char) Tj ET Q q 0 0 0 rg BT 238.28 439.05 Td (ges of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.94 439.05 Td ($6.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.83 439.05 Td ( related to the impairment of assets, of which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.55 439.05 Td ($5.4 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.44 439.05 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 427.05 Td (was incurred during the fourth quarter) Tj ET Q q 0 0 0 rg BT 201.55 427.05 Td (, primarily related to the Company) Tj ET Q q 0 0 0 rg BT 342.62 427.05 Td (s intangible assets other than goodwill. Included in net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 415.05 Td (income, the Company recorded a valuation allowance of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.03 415.05 Td ($3.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.92 415.05 Td ( on certain of its deferred tax assets during the fourth ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 403.05 Td (quarter of 2013, primarily associated with net operating losses recognized in foreign jurisdictions. Of this total, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.34 403.05 Td ($2.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.23 403.05 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 391.05 Td (related to deferred tax assets recognized during the first, second and third quarters of 2013. ) Tj ET Q q 0 0 0 rg BT 418.08 391.05 Td (The Company determined that the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 379.05 Td (impact of failing to record the necessary valuation allowance adjustments in each of the first three quarters of 2013 was not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 367.05 Td (material to those individual quarters and the correcting cumulative adjustment in the fourth quarter of 2013 was not material to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 355.05 Td (that quarter) Tj ET Q q 0 0 0 rg BT 94.76 355.05 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 337.05 Td (During ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.33 337.05 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.33 337.05 Td (, the Company incurred char) Tj ET Q q 0 0 0 rg BT 238.28 337.05 Td (ges of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.94 337.05 Td ($7.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.83 337.05 Td ( related to the impairment of assets, of which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.55 337.05 Td ($7.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.44 337.05 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 325.05 Td (was incurred during the fourth quarter) Tj ET Q q 0 0 0 rg BT 201.55 325.05 Td (, primarily related to the impairment of certain leasehold improvements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 307.05 Td (For more information on non-cash impairment char) Tj ET Q q 0 0 0 rg BT 279.37 307.05 Td (ges, refer to Note 15, Asset Impairments.) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 106.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents) Tj ET Q BT /F2 8.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 187.00 762.00 Td (GROUP) Tj ET Q q 0 0 0 rg BT 222.56 762.00 Td ( 1 ) Tj ET Q q 0 0 0 rg BT 232.00 762.00 Td (AUT) Tj ET Q q 0 0 0 rg BT 252.94 762.00 Td (OMOTIVE, INC. ) Tj ET Q q 0 0 0 rg BT 330.17 762.00 Td (AND SUBSIDIARIES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.95 750.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 178.17 750.00 Td (T) Tj ET Q q 0 0 0 rg BT 184.66 750.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.76 750.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 333.94 750.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 347.93 750.00 Td (A) Tj ET Q q 0 0 0 rg BT 354.41 750.00 Td (TEMENTS \(Continued\)) Tj ET Q endstream endobj 259 0 obj <>] /Rotate 0 /Contents 260 0 R>> endobj 260 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 267.30 736.25 Td (EXHIBIT) Tj ET Q q 0 0 0 rg BT 309.91 736.25 Td (INDEX) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 719.45 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 73.30 698.18 Td (Exhibit) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 71.85 690.18 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 690.20 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.20 690.18 Td (Description) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 676.52 Td (2.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 676.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 676.52 Td (Share Purchase Agreement dated as of January 24, 2013, by and among Group 1 Automotive, Inc. and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 666.52 Td (the Shareholders of UAB Motors Participaes S.A. named therein and UAB Motors Participaes S.A.,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 656.52 Td (as Intervening and Consenting Party \(Incorporated by reference to Exhibit 2.1 of Group 1 Automotive,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 646.52 Td (Inc.'s Current Report on Form 8-K \(File No. 001-13461\) filed January 30, 2013\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 632.52 Td (2.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 632.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 631.62 Td (Amendment dated as of February 27, 2013 to Share Purchase Agreement dated as of January 24, 2013,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 621.62 Td (by and among Group 1 Automotive, Inc. and the Shareholders of UAB Motors Participaes S.A. named) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 611.62 Td (therein and UAB Motors Participaes S.A., as Intervening and Consenting Party \(Incorporated by) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 601.62 Td (reference to Exhibit 2.1 of Group 1 Automotive, Inc.s Quarterly Report on Form 10-Q \(File No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 591.62 Td (001-13461\) for the period ended September 30, 2013\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 577.52 Td (2.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 577.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 576.62 Td (Second Amendment dated as of May 29, 2013 to Share Purchase Agreement dated as of January 24,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 566.62 Td (2013, by and among Group 1 Automotive, Inc. and the Shareholders of UAB Motors Participaes S.A.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 556.62 Td (named therein and UAB Motors Participaes S.A., as Intervening and Consenting Party \(Incorporated) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 546.62 Td (by reference to Exhibit 2.2 of Group 1 Automotive, Inc.s Quarterly Report on Form 10-Q \(File No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 536.62 Td (001-13461\) for the period ended September 30, 2013\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 522.52 Td (2.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 522.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 521.62 Td (Third Amendment dated as of July 26, 2013 to Share Purchase Agreement dated as of January 24, 2013,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 511.62 Td (by and among Group 1 Automotive, Inc. and the Shareholders of UAB Motors Participaes S.A. named) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 501.62 Td (therein and UAB Motors Participaes S.A., as Intervening and Consenting Party \(Incorporated by) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 491.62 Td (reference to Exhibit 2.3 of Group 1 Automotive, Inc.s Quarterly Report on Form 10-Q \(File No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 481.62 Td (001-13461\) for the period ended September 30, 2013\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 467.52 Td (3.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 456.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 467.52 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 456.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 466.62 Td (Restated Certificate of Incorporation \(Incorporated by reference to Exhibit3.1 of Group 1 Automotive,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 456.62 Td (Inc.s Registration Statement on FormS-1 \(Registration No.333-29893\)\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 442.52 Td (3.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 421.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 442.52 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 421.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 441.62 Td (Certificate of Designation of SeriesA Junior Participating Preferred Stock \(Incorporated by reference to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 431.62 Td (Exhibit3.2 of Group 1s Quarterly Report on Form10-Q \(File No.001-13461\) for the period ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 421.62 Td (March31, 2007\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 407.52 Td (3.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 396.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 407.52 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 396.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 406.62 Td (Amended and Restated Bylaws of Group 1 Automotive, Inc. \(Incorporated by reference to Exhibit3.1 of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 396.62 Td (Group 1 Automotive, Inc.s Current Report on Form8-K \(File No.001-13461\) filed November13, 2007\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 382.52 Td (4.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 371.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 382.52 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 371.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 381.62 Td (Specimen Common Stock Certificate \(Incorporated by reference to Exhibit4.1 of Group 1 Automotive,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 371.62 Td (Inc.s Registration Statement on FormS-1 \(Registration No.333-29893\)\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 357.52 Td (4.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 326.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 357.52 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 326.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 356.62 Td (Indenture related to the Convertible Senior Notes Due 2036 dated June26, 2006 between Group 1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 346.62 Td (Automotive Inc. and Wells Fargo Bank, National Association, as trustee \(including Form of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 336.62 Td (2.25%Convertible Senior Note Due 2036\) \(Incorporated by reference to Exhibit4.2 of Group 1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 326.62 Td (Automotive, Inc.s Current Report on Form8-K \(File No.001-13461\) filed June26, 2006\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 312.52 Td (4.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 291.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 312.52 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 291.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 311.62 Td (Letter Agreement dated June20, 2006 between Group 1 Automotive, Inc. and JPMorgan Chase Bank,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 301.62 Td (National Association, London Branch \(Incorporated by reference to Exhibit4.4 of Group 1 Automotive,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 291.62 Td (Inc.s Current Report on Form8-K \(File No.001-13461\) filed June26, 2006\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 277.52 Td (4.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 246.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 277.52 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 246.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 276.62 Td (Amendment dated June23, 2006 to Letter Agreement dated June20, 2006 between Group 1 Automotive,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 266.62 Td (Inc. and JPMorgan Chase Bank, National Association, London Branch \(Incorporated by reference to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 256.62 Td (Exhibit4.8 of Group 1 Automotive, Inc.s Current Report on Form8-K \(FileNo.001-13461\) filed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 246.62 Td (June26, 2006\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 232.52 Td (4.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 211.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 232.52 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 211.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 231.62 Td (Letter Agreement dated June20, 2006 between Group 1 Automotive, Inc. and Bank of America, N.A.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 221.62 Td (\(Incorporated by reference to Exhibit4.5 of Group 1 Automotive, Inc.s Current Report on Form8-K) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 211.62 Td (\(File No.001-13461\) filed June26, 2006\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 197.52 Td (4.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 176.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 197.52 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 176.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 196.62 Td (Amendment dated June23, 2006 to Letter Agreement dated June20, 2006 between Group 1 Automotive,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 186.62 Td (Inc. and Bank of America, N.A. \(Incorporated by reference to Exhibit4.9 of Group 1 Automotive, Inc.s) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 176.62 Td (Current Report on Form8-K \(File No.001-13461\) filed June26, 2006\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 162.52 Td (4.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 141.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 162.52 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 141.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 161.62 Td (Letter Agreement dated June20, 2006 between Group 1 Automotive, Inc. and JPMorgan Chase Bank,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 151.62 Td (National Association, London Branch \(Incorporated by reference to Exhibit4.6 of Group 1 Automotive,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 141.62 Td (Inc.s Current Report on Form8-K \(File No.001-13461\) filed June26, 2006\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 127.52 Td (4.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 96.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 127.52 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 96.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 126.62 Td (Amendment dated June23, 2006 to Letter Agreement dated June20, 2006 between Group 1 Automotive,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 116.62 Td (Inc. and JPMorgan Chase Bank, National Association, London Branch \(Incorporated by reference to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 106.62 Td (Exhibit4.10 of Group 1 Automotive, Inc.s Current Report on Form8-K \(FileNo.001-13461\) filed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 96.62 Td (June26, 2006\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 82.52 Td (4.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 61.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 82.52 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 61.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 81.62 Td (Letter Agreement dated June20, 2006 between Group 1 Automotive, Inc. and Bank of America, N.A.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 71.62 Td (\(Incorporated by reference to Exhibit4.7 of Group 1 Automotive, Inc.s Current Report on Form8-K) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 61.62 Td (\(File No.001-13461\) filed June26, 2006\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 261 0 obj <>] /Rotate 0 /Contents 262 0 R>> endobj 262 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 73.30 737.73 Td (Exhibit) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 71.85 729.73 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 729.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.20 729.73 Td (Description) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 716.07 Td (4.10) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 694.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 716.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 694.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 715.17 Td (Amendment dated June23, 2006 to Letter Agreement dated June20, 2006 between Group 1 Automotive,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 705.17 Td (Inc. and Bank of America, N.A. \(Incorporated by reference to Exhibit4.11 of Group1 Automotive, Inc.s) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 695.17 Td (Current Report on Form8-K \(File No.001-13461\) filed June26, 2006\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 681.07 Td (4.11) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 649.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 681.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 649.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 680.17 Td (Indenture related to the Convertible Senior Notes due 2020, dated as of March 22, 2010, between Group) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 670.17 Td (1 Automotive, Inc. and Wells Fargo Bank, N.A., as trustee \(including form of 3.00% Convertible Senior) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 660.17 Td (Note due 2020\) \(Incorporated by reference to Exhibit 4.2 of Group 1 Automotive, Inc.s Current Report) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 650.17 Td (on Form 8-K \(File No. 001-13461\) filed March 22, 2010\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 636.07 Td (4.12) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 604.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 636.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 604.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 635.17 Td (Base Call Option Confirmation dated as of March 16, 2010, by and between Group 1 Automotive, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 625.17 Td (and JPMorgan Chase Bank, National Association, London Branch \(Incorporated by reference to Exhibit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 615.17 Td (4.3 of Group 1 Automotive, Inc.s Current Report on Form 8-K \(File No. 001-13461\) filed March 22,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 605.17 Td (2010\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 591.07 Td (4.13) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 569.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 591.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 569.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 590.17 Td (Base Call Option Confirmation dated as of March 16, 2010, by and between Group 1 Automotive, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 580.17 Td (and Bank of America, N.A. \(Incorporated by reference to Exhibit 4.4 of Group 1 Automotive, Inc.s) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 570.17 Td (Current Report on Form 8-K \(File No. 001-13461\) filed March 22, 2010\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 556.07 Td (4.14) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 534.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 556.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 534.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 555.17 Td (Base Warrant Confirmation dated as of March 16, 2010, by and between Group 1 Automotive, Inc. and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 545.17 Td (JPMorgan Chase Bank, National Association, London Branch \(Incorporated by reference to Exhibit 4.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 535.17 Td (of Group 1 Automotive, Inc.s Current Report on Form 8-K \(File No. 001-13461\) filed March 22, 2010\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 521.07 Td (4.15) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 499.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 521.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 499.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 520.17 Td (Base Warrant Confirmation dated as of March 16, 2010, by and between Group 1 Automotive, Inc. and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 510.17 Td (Bank of America, N.A. \(Incorporated by reference to Exhibit 4.6 of Group 1 Automotive, Inc.s Current) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 500.17 Td (Report on Form 8-K \(File No. 001-13461\) filed March 22, 2010\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 486.07 Td (4.16) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 454.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 486.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 454.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 485.17 Td (Additional Call Option Confirmation, dated as of March 29, 2010, by and between Group 1 Automotive,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 475.17 Td (Inc. and JPMorgan Chase Bank, National Association, London Branch \(Incorporated by reference to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 465.17 Td (Exhibit 4.1 of Group 1 Automotive, Inc.s Current Report on Form 8-K \(FileNo.001-13461\) filed April) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 455.17 Td (1, 2010\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 441.07 Td (4.17) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 419.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 441.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 419.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 440.17 Td (Additional Call Option Confirmation, dated as of March 29, 2010, by and between Group 1 Automotive,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 430.17 Td (Inc. and Bank of America, N.A. \(Incorporated by reference to Exhibit 4.2 of Group 1 Automotive, Inc.s) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 420.17 Td (Current Report on Form 8-K \(File No. 001-13461\) filed April 1, 2010\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 406.07 Td (4.18) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 384.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 406.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 384.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 405.17 Td (Additional Warrant Confirmation, dated as of March 29, 2010, by and between Group 1 Automotive, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 395.17 Td (and JPMorgan Chase Bank, National Association, London Branch \(Incorporated by reference to Exhibit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 385.17 Td (4.3 of Group 1 Automotive, Inc.s Current Report on Form 8-K \(File No. 001-13461\) filed April 1, 2010\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 371.07 Td (4.19) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 349.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 371.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 349.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 370.17 Td (Additional Warrant Confirmation, dated as of March 29, 2010, by and between Group 1 Automotive, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 360.17 Td (and Bank of America, N.A. \(Incorporated by reference to Exhibit 4.4 of Group 1 Automotive, Inc.s) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 350.17 Td (Current Report on Form 8-K \(File No. 001-13461\) filed April 1, 2010\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 336.07 Td (4.20) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 314.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 336.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 314.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 335.17 Td (First Supplemental Indenture dated August 9, 2010 among Group 1 Automotive, Inc. and Wells Fargo) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 325.17 Td (Bank, N.A., as trustee \(Incorporated by reference to Exhibit 4.1 of Group 1 Automotive, Inc.s Quarterly) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 315.17 Td (Report on Form 10-Q \(File No. 001-13461\) for the quarter ended September 30, 2010\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 301.07 Td (10.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 259.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 301.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 259.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 300.17 Td (Ninth Amended and Restated Revolving Credit Agreement, dated effective as of June 20, 2013, among) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 290.17 Td (Group 1 Automotive, Inc., the Subsidiary Borrowers listed therein, the Lenders listed therein, JPMorgan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 280.17 Td (Chase Bank, N.A., as Administrative Agent, Comerica Bank, as Floor Plan Agent and Bank of America,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 270.17 Td (N.A., as Syndication Agent \(Incorporated by reference to Exhibit 10.1 of Group 1 Automotive, Inc.s) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 260.17 Td (Current Report on Form 8-K \(File No. 001-13461\) filed June 26, 2013\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 246.07 Td (10.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 246.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 246.07 Td (Stockholders Agreement dated as of February 28, 2013, by and among Group 1 Automotive, Inc. and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 236.07 Td (former shareholders of UAB Motors Participaes S.A. named therein \(Incorporated by reference to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 226.07 Td (Exhibit 10.1 of Group 1 Automotive, Inc.s Current Report on Form 8-K \(File No. 001-13461\) filed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 216.07 Td (March 5, 2013\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 202.07 Td (10.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 202.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 201.17 Td (Master Assignment and Acceptance Agreement, dated effective December 11, 2012, between JPMorgan) Tj ET Q BT 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of Group 1 Automotive, Inc.s) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 71.17 Td (Quarterly Report on Form10-Q \(File No.001-13461\) for the quarter ended June30, 2003\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 263 0 obj <>] /Rotate 0 /Contents 264 0 R>> endobj 264 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 73.30 737.73 Td (Exhibit) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 71.85 729.73 Td (Number) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 730.17 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.20 729.73 Td (Description) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 716.07 Td (10.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 694.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 716.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 694.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 715.17 Td (Supplemental Terms and Conditions dated September4, 1997 between Ford Motor Company and Group) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 705.17 Td (1 Automotive, Inc. \(Incorporated by reference to Exhibit10.16 of Group 1 Automotive, Inc.s) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 695.17 Td (Registration Statement on FormS-1 Registration No.333-29893\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 681.07 Td (10.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 659.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 681.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 659.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 680.17 Td (Form of Agreement between Toyota Motor Sales, U.S.A., Inc. and Group 1 Automotive, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 670.17 Td (\(Incorporated by reference to Exhibit10.12 of Group 1 Automotive, Inc.s Registration Statement on) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 660.17 Td (FormS-1 Registration No.333-29893\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 646.07 Td (10.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 624.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 646.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 624.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 645.17 Td (Toyota Dealer Agreement effective April5, 1993 between Gulf States Toyota, Inc. and Southwest) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 635.17 Td (Toyota, Inc. \(Incorporated by reference to Exhibit10.17 of Group 1 Automotive, Inc.s Registration) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 625.17 Td (Statement on FormS-1 Registration No.333-29893\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 611.07 Td (10.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.00 590.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 611.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 590.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 610.17 Td (Lexus Dealer Agreement effective August21, 1995 between Lexus, a division of Toyota Motor Sales,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 600.17 Td (U.S.A., Inc. and SMC Luxury Cars, Inc. \(Incorporated by reference to Exhibit10.18 of Group 1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 590.17 Td (Automotive, Inc.s Registration Statement on FormS-1 Registration No.333-29893\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 576.07 Td (10.10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.00 555.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 576.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 555.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 575.17 Td (Form of General Motors Corporation U.S.A. Sales and Service Agreement \(Incorporated by reference to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 565.17 Td (Exhibit10.25 of Group 1 Automotive, Inc.s Registration Statement on FormS-1 Registration) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 555.17 Td (No.333-29893\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 541.07 Td (10.11) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.00 520.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 541.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 520.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 540.17 Td (Form of Ford Motor Company Sales and Service Agreement \(Incorporated by reference to Exhibit10.38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 530.17 Td (of Group 1 Automotive, Inc.s Annual Report on Form10-K \(File No.001-13461\) for the year ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 520.17 Td (December31, 1998\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 506.07 Td (10.12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.00 485.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 506.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 485.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 505.17 Td (Form of Supplemental Agreement to General Motors Corporation Dealer Sales and Service Agreement) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 495.17 Td (\(Incorporated by reference to Exhibit10.13 of Group 1 Automotive, Inc.s Registration Statement on) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 485.17 Td (FormS-1 Registration No.333-29893\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 471.07 Td (10.13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.00 450.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 471.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 450.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 470.17 Td (Form of Chrysler Corporation Sales and Service Agreement \(Incorporated by reference to Exhibit10.39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 460.17 Td (of Group 1 Automotive, Inc.s Annual Report on Form10-K \(File No.001-13461\) for the year ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 450.17 Td (December31, 1998\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 436.07 Td (10.14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.00 415.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 436.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 415.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 435.17 Td (Form of Nissan Division of Nissan North America, Inc. Dealer Sales and Service Agreement) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 425.17 Td (\(Incorporated by reference to Exhibit10.25 of Group 1 Automotive, Inc.s Annual Report on Form10-K) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 415.17 Td (\(File No.001-13461\) for the year ended December31, 2003\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 401.07 Td (10.15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.00 380.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 401.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 380.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 400.17 Td (Form of Infiniti Division of Nissan North America, Inc. Dealer Sales and Service Agreement) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 390.17 Td (\(Incorporated by reference to Exhibit10.26 of Group 1 Automotive, Inc.s Annual Report on Form10-K) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 380.17 Td (\(File No.001-13461\) for the year ended December31, 2003\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 366.07 Td (10.16*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 366.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 365.17 Td (Policy on Payment or Recoupment of Performance-Based Cash Bonuses and Performance-Based Stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 355.17 Td (Bonuses in the Event of Certain Restatement \(Incorporated by reference to the section titled Policy on) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 345.17 Td (Payment or Recoupment of Performance-Based Cash Bonuses and Performance-Based Stock Bonuses in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 335.17 Td (the Event of Certain Restatement in Item5.02 of Group 1 Automotive, Inc.s Current Report on Form8-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 325.17 Td (K \(File No.13461\)filed November16, 2009\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 311.07 Td (10.17*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.00 290.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 311.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 290.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 310.17 Td (Form of Indemnification Agreement of Group 1 Automotive, Inc. \(Incorporated by reference to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 300.17 Td (Exhibit10.1 of Group 1 Automotive, Inc.s Current Report on Form8-K \(File No.001-13461\) filed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 290.17 Td (November13, 2007\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 276.07 Td (10.18*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.00 255.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 276.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 255.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 275.17 Td (Group 1 Automotive, Inc. Non-Employee Director Compensation Plan, effective January 1, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 265.17 Td (\(Incorporated by reference to Exhibit 10.16 of Group 1 Automotive, Inc.s Annual Report on Form 10-K) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 255.17 Td (\(File No. 001-13461\) for the year ended December 31, 2011\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 241.07 Td (10.19*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 241.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 241.07 Td (Group 1 Automotive, Inc. 2012 Corporate Incentive Compensation Guidelines \(Incorporated by) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 231.07 Td (reference to Exhibit 10.2 of Group 1 Automotive, Inc.s Current Report on Form 8-K \(File No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 221.07 Td (001-13461\) filed February 29, 2012\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 206.07 Td (10.20*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 206.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 205.17 Td (Group 1 Automotive, Inc. 2013 Corporate Incentive Compensation Plan \(Incorporated by reference to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 195.17 Td (Exhibit 10.2 of Group 1 Automotive, Inc.s Current Report on Form 8-K \(File No. 001-13461\) filed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 185.17 Td (March 5, 2013\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 171.07 Td (10.21*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 171.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 170.17 Td (Officers Terms of Engagement and Guarantees between UAB Motors Participaes S.A. and Lincoln da) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 160.17 Td (Cunha Pereira Filho dated as of February 28, 2013 \(Incorporated by reference to Exhibit 10.3 of Group 1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 150.17 Td (Automotive, Inc.s Quarterly Report on Form 10-Q \(File No. 001-13461\) for the quarter ended March) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 140.17 Td (31, 2013\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 126.07 Td (10.22*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.00 105.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 126.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 105.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 125.17 Td (Group 1 Automotive, Inc. Deferred Compensation Plan, as Amended and Restated, effective January1,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 115.17 Td (2008 \(Incorporated by reference to Exhibit10.28 of Group 1 Automotive, Inc.s Annual Report on) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 105.17 Td (Form10-K \(File No.001-13461\) for the year ended December31, 2007\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 91.07 Td (10.23*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.00 70.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 91.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 70.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 90.17 Td (First Amendment to Group 1 Automotive, Inc. Deferred Compensation Plan, as Amended and Restated,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 80.17 Td (effective January1, 2008 \(Incorporated by reference to Exhibit10.25 of Group 1 Automotive, Inc.s) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 70.17 Td (Annual Report on Form10-K \(File No.001-13461\) for the year ended December31, 2008\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 104.9765625 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of contents) Tj ET Q endstream endobj 265 0 obj <>] /Rotate 0 /Contents 266 0 R>> endobj 266 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 73.30 739.73 Td (Exhibit) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 71.85 731.73 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 731.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.20 731.73 Td (Description) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 718.07 Td (10.24*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.00 697.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 718.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 697.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 717.17 Td (Second Amendment to Group 1 Automotive, Inc. Deferred Compensation Plan, as Amended and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 707.17 Td (Restated, effective January1, 2008 \(Incorporated by reference to Exhibit10.1 of Group 1 Automotive,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 697.17 Td (Inc.s Quarterly Report on Form10-Q \(File No.001-13461\) for the quarter ended June30, 2009\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 683.07 Td (10.25*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.00 662.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 683.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 662.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 682.17 Td (Third Amendment to Group 1 Automotive, Inc. Deferred Compensation Plan, as Amended and Restated,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 672.17 Td (effective January1, 2008 \(Incorporated by reference to Exhibit10.1 of Group 1 Automotive, Inc.s) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 662.17 Td (Current Report on Form8-K \(File No.001-13461\) filed November 15, 2010\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 648.07 Td (10.26*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.00 627.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 648.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 627.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 647.17 Td (Group 1 Automotive, Inc. 2007 Long Term Incentive Plan \(As Amended and Restated Effective as of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 637.17 Td (March 11, 2010\) \(Incorporated by reference to Exhibit A to Group 1 Automotive, Inc.s definitive proxy) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 627.17 Td (statement on Schedule 14A filed on April 8, 2010\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 613.07 Td (10.27*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 601.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 613.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 601.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 612.17 Td (Form of Restricted Stock Agreement for Employees \(Incorporated by reference to Exhibit10.2 of Group) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 602.17 Td (1 Automotive, Inc.s Current Report on Form8-K \(File No.001-13461\) filed March16, 2005\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 588.07 Td (10.28*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 566.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 588.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 566.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 587.17 Td (Form of Senior Executive Officer Restricted Stock Agreement \(Incorporated by reference to Exhibit 10.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 577.17 Td (of Group 1 Automotive, Inc.s Current Report on Form 8-K \(File No. 001-13461\) filed September 9,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 567.17 Td (2010\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 553.07 Td (10.29*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 531.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 553.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 531.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 552.17 Td (Form of Restricted Stock Agreement with Qualified Retirement Provisions \(Incorporated by reference to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 542.17 Td (Exhibit 10.27 of Group 1 Automotive, Inc.s Annual Report on Form 10-K \(File No. 001-13461\) for the) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 532.17 Td (year ended December 31, 2011\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 518.07 Td (10.30*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 506.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 518.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 506.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 517.17 Td (Form of Phantom Stock Agreement for Employees \(Incorporated by reference to Exhibit10.3 of Group1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 507.17 Td (Automotive, Inc.s Current Report on Form8-K \(File No.001-13461\) filed March16, 2005\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 493.07 Td (10.31*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 471.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 493.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 471.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 492.17 Td (Form of Senior Executive Officer Phantom Stock Agreement \(Incorporated by reference to Exhibit 10.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 482.17 Td (of Group 1 Automotive, Inc.s Current Report on Form 8-K \(File No. 001-13461\) filed September 9,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 472.17 Td (2010\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 458.07 Td (10.32*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 436.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 458.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 436.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 457.17 Td (Form of Restricted Stock Agreement for Non-Employee Directors \(Incorporated by reference to Exhibit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 447.17 Td (10.35 of Group 1 Automotive, Inc.s Annual Report on Form 10-K \(File No. 001-13461\) for the year) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 437.17 Td (ended December 31, 2009\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 423.07 Td (10.33*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 401.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 423.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 401.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 422.17 Td (Form of Phantom Stock Agreement for Non-Employee Directors \(Incorporated by reference to Exhibit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 412.17 Td (10.36 of Group 1 Automotive, Inc.s Annual Report on Form 10-K \(File No. 001-13461\) for the year) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 402.17 Td (ended December 31, 2009\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 388.07 Td (10.34*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 366.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 388.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 366.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 387.17 Td (Form of Phantom Stock Agreement for Non-Employee Directors \(Incorporated by reference to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 377.17 Td (Exhibit10.5 of Group 1 Automotive, Inc.s Current Report on Form8-K \(File No.001-13461\) filed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 367.17 Td (March16, 2005\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 353.07 Td (10.35*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 331.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 353.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 331.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 352.17 Td (Employment Agreement between Group 1 Automotive, Inc. and Earl J. Hesterberg dated effective) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 342.17 Td (September8, 2010 \(Incorporated by reference to Exhibit 10.1 of Group 1 Automotive, Inc.s Current) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 332.17 Td (Report on Form 8-K \(File No. 001-13461\) filed September9, 2010\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 318.07 Td (10.36*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.00 296.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.00 318.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.00 296.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.00 317.17 Td (Non-Compete Agreement between Group 1 Automotive, Inc. and Earl J. 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