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Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 116 349.0833984375 m 418.6953125 349.0833984375 l s q 0 0 1 rg BT 116.00 350.42 Td (Certain Relationships and Related ) Tj ET Q q 0 0 1 rg BT 254.68 350.42 Td (T) Tj ET Q q 0 0 1 rg BT 260.43 350.42 Td (ransactions, and Director Independence) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 334.0833984375 m 86.3251953125 334.0833984375 l s q 0 0 1 rg BT 53.00 335.42 Td (Item14.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 116 334.0833984375 m 274.291015625 334.0833984375 l s q 0 0 1 rg BT 116.00 335.42 Td (Principal ) Tj ET Q q 0 0 1 rg BT 154.05 335.42 Td (Accountant Fees and Services) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 287.6 319.0833984375 m 324.42373046875 319.0833984375 l s q 0 0 1 rg BT 287.60 320.42 Td (P) Tj ET Q q 0 0 1 rg BT 292.24 320.42 Td (AR) Tj ET Q q 0 0 1 rg BT 305.53 320.42 Td (T) Tj ET Q q 0 0 1 rg BT 311.46 320.42 Td ( IV) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 304.0833984375 m 86.3251953125 304.0833984375 l s q 0 0 1 rg BT 53.00 305.42 Td (Item15.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 116 304.0833984375 m 346.7958984375 304.0833984375 l s q 0 0 1 rg BT 116.00 305.42 Td (Exhibits and Consolidated Financial Statement Schedules) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 554 646.0833984375 m 559 646.0833984375 l s q 0 0 1 rg BT 554.00 647.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 554 631.0833984375 m 559 631.0833984375 l s q 0 0 1 rg BT 554.00 632.42 Td (8) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 616.0833984375 m 559 616.0833984375 l s q 0 0 1 rg BT 549.00 617.42 Td (26) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 601.0833984375 m 559 601.0833984375 l s q 0 0 1 rg BT 549.00 602.42 Td (26) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 586.0833984375 m 559 586.0833984375 l s q 0 0 1 rg BT 549.00 587.42 Td (26) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 571.0833984375 m 559 571.0833984375 l s q 0 0 1 rg BT 549.00 572.42 Td (27) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 529.0833984375 m 559 529.0833984375 l s q 0 0 1 rg BT 549.00 530.42 Td (28) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 514.0833984375 m 559 514.0833984375 l s q 0 0 1 rg BT 549.00 515.42 Td (30) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 499.0833984375 m 559 499.0833984375 l s q 0 0 1 rg BT 549.00 500.42 Td (31) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 484.0833984375 m 559 484.0833984375 l s q 0 0 1 rg BT 549.00 485.42 Td (45) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 469.0833984375 m 559 469.0833984375 l s q 0 0 1 rg BT 549.00 470.42 Td (46) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 454.0833984375 m 559 454.0833984375 l s q 0 0 1 rg BT 549.00 455.42 Td (88) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 439.0833984375 m 559 439.0833984375 l s q 0 0 1 rg BT 549.00 440.42 Td (88) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 424.0833984375 m 559 424.0833984375 l s q 0 0 1 rg BT 549.00 425.42 Td (90) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 394.0833984375 m 559 394.0833984375 l s q 0 0 1 rg BT 549.00 395.42 Td (90) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 379.0833984375 m 559 379.0833984375 l s q 0 0 1 rg BT 549.00 380.42 Td (90) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 364.0833984375 m 559 364.0833984375 l s q 0 0 1 rg BT 549.00 365.42 Td (90) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 349.0833984375 m 559 349.0833984375 l s q 0 0 1 rg BT 549.00 350.42 Td (90) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 334.0833984375 m 559 334.0833984375 l s q 0 0 1 rg BT 549.00 335.42 Td (90) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 304.0833984375 m 559 304.0833984375 l s q 0 0 1 rg BT 549.00 305.42 Td (91) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 9 0 obj <>] /Rotate 0 /Contents 10 0 R>> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 70.00 742.10 Td (In this Form10-K, r) Tj ET Q q 0 0 0 rg BT 151.02 742.10 Td (efer) Tj ET Q q 0 0 0 rg BT 166.20 742.10 Td (ences to "we," "our) Tj ET Q q 0 0 0 rg BT 242.67 742.10 Td (," and the "Company" r) Tj ET Q q 0 0 0 rg BT 336.84 742.10 Td (efer to Fossil Gr) Tj ET Q q 0 0 0 rg BT 402.85 742.10 Td (oup,Inc. and its subsidiaries on a ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (consolidated basis.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.80 709.10 Td (P) Tj ET Q q 0 0 0 rg BT 295.17 709.10 Td (AR) Tj ET Q q 0 0 0 rg BT 309.26 709.10 Td (T) Tj ET Q q 0 0 0 rg BT 315.75 709.10 Td ( I) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 688.10 Td (Item1.Business) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 667.10 Td (General) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 646.10 Td (e are a design, innovation and distribution company specializing in consumer fashion accessories. Our products include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (traditional watches, smartwatches, jewelry) Tj ET Q q 0 0 0 rg BT 219.07 634.10 Td (, handbags, small leather goods, belts and sunglasses. ) Tj ET Q q 0 0 0 rg BT 434.96 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 443.60 634.10 Td (e design, develop, market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (and distribute products under our owned brands FOSSIL) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 276.41 626.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.35 622.10 Td (, SKAGEN) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 326.91 626.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.85 622.10 Td (, MICHELE) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 381.28 626.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.22 622.10 Td (, MISFIT) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 424.00 626.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.94 622.10 Td (, RELIC) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 462.83 626.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.77 622.10 Td ( and ZODIAC) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 524.98 626.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.92 622.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (licensed brands ) Tj ET Q q 0 0 0 rg BT 113.37 610.10 Td (ARMANI EXCHANGE) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 211.42 614.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.36 610.10 Td (, BMW) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 246.36 614.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.30 610.10 Td (, CHAPS BY) Tj ET Q q 0 0 0 rg BT 304.56 610.10 Td ( RALPH LAUREN) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 382.89 614.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.83 610.10 Td (, DIESEL) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 427.27 614.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.20 610.10 Td (, DKNY) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 466.09 614.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.03 610.10 Td (, EMPORIO ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (ARMANI) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 90.06 602.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.99 598.10 Td (, KA) Tj ET Q q 0 0 0 rg BT 113.33 598.10 Td (TE SP) Tj ET Q q 0 0 0 rg BT 138.25 598.10 Td (ADE NEW) Tj ET Q q 0 0 0 rg BT 183.89 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.02 598.10 Td (YORK) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 214.35 602.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.29 598.10 Td (, MICHAEL) Tj ET Q q 0 0 0 rg BT 269.47 598.10 Td ( KORS) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 298.65 602.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.58 598.10 Td (, PUMA) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 337.48 602.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.42 598.10 Td (, and ) Tj ET Q q 0 0 0 rg BT 364.18 598.10 Td (T) Tj ET Q q 0 0 0 rg BT 370.10 598.10 Td (OR) Tj ET Q q 0 0 0 rg BT 383.44 598.10 Td (Y) Tj ET Q q 0 0 0 rg BT 390.29 598.10 Td ( BURCH) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 427.25 602.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.19 598.10 Td (. Based on our range of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (accessory products, brands, distribution channels and price points, we are able to tar) Tj ET Q q 0 0 0 rg BT 385.60 586.10 Td (get style-conscious consumers across a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (wide age spectrum on a global basis.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 553.10 Td (Owned Brands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 532.10 Td (Our ability to build and evolve strong lifestyle brands is key to our success. ) Tj ET Q q 0 0 0 rg BT 375.56 532.10 Td (Across our owned brands, we create great ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.10 Td (products at competitive prices and deliver engaging experiences directly to our consumersthrough our owned channels of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.10 Td (distribution and via third party distributors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 487.10 Td (Our consumer) Tj ET Q q 0 0 0 rg BT 128.73 487.10 Td (-first mindset drives every decision we make. By capitalizing on major fashion trends and leveraging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 475.10 Td (proprietary data and insights, we are able to deliver relevant, high-value product and experiences to consumers across a diverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 463.10 Td (range of price points, style preferences and geographies.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (Licensed Brands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 421.10 Td (As a result of our vertical integration, we are uniquely positioned to launch and amplify an accessory category in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 409.10 Td (partnership with a licensor in a timely and consistent manner) Tj ET Q q 0 0 0 rg BT 292.49 409.10 Td (. ) Tj ET Q q 0 0 0 rg BT 296.94 409.10 Td (All of our major licensing relationships are exclusive, and may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 397.10 Td (include traditional watches, smartwatches and jewelry) Tj ET Q q 0 0 0 rg BT 265.44 397.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (Incorporation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 355.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 355.10 Td (e are a Delaware corporation formed in 1991 and are the successor to a ) Tj ET Q q 0 0 0 rg BT 367.00 355.10 Td (T) Tj ET Q q 0 0 0 rg BT 372.41 355.10 Td (exas corporation formed in 1984. In 1993, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 343.10 Td (completed an initial public of) Tj ET Q q 0 0 0 rg BT 167.06 343.10 Td (fering of 13,972,500 shares of our common stock. Domestically) Tj ET Q q 0 0 0 rg BT 422.20 343.10 Td (, we conduct a majority of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 331.10 Td (operations through Fossil Partners, L.P) Tj ET Q q 0 0 0 rg BT 204.50 331.10 Td (., a ) Tj ET Q q 0 0 0 rg BT 218.75 331.10 Td (T) Tj ET Q q 0 0 0 rg BT 224.16 331.10 Td (exas limited partnership formed in 1994 of which we are the sole general partner) Tj ET Q q 0 0 0 rg BT 546.55 331.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 319.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 319.10 Td (e also conduct operations domestically and in certain international markets through various owned subsidiaries. Our principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 307.10 Td (executive of) Tj ET Q q 0 0 0 rg BT 98.46 307.10 Td (fices are located at 901 S. Central Expressway) Tj ET Q q 0 0 0 rg BT 283.30 307.10 Td (, Richardson, ) Tj ET Q q 0 0 0 rg BT 338.67 307.10 Td (T) Tj ET Q q 0 0 0 rg BT 344.08 307.10 Td (exas 75080, and our telephone number at that address ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.10 Td (is \(972\) 234-2525. Our European headquarters is located in Basel, Switzerland, and our ) Tj ET Q q 0 0 0 rg BT 401.63 295.10 Td (Asian headquarters is located in Hong ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.10 Td (Kong. Our common stock is traded on the NASDAQ Global Select Market under the trading symbol FOSL. ) Tj ET Q q 0 0 0 rg BT 483.98 283.10 Td (W) Tj ET Q q 0 0 0 rg BT 492.62 283.10 Td (e make available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.10 Td (free of char) Tj ET Q q 0 0 0 rg BT 95.39 271.10 Td (ge through our website at ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 199.53 271.10 Td (www) Tj ET Q q 0 0 0 rg BT 218.80 271.10 Td (.fossilgr) Tj ET Q q 0 0 0 rg BT 250.94 271.10 Td (oup.com) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.10 271.10 Td ( our annual reports on Form 10-K, quarterly reports on Form 10-Q, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.10 Td (current reports on Form 8-K and amendments to these reports filed or furnished pursuant to Section 13\(a\) or 15\(a\) of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 247.10 Td (Securities Exchange ) Tj ET Q q 0 0 0 rg BT 132.81 247.10 Td (Act of 1934 \(the "Exchange ) Tj ET Q q 0 0 0 rg BT 246.58 247.10 Td (Act"\) as soon as reasonably practicable after such materials are electronically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 235.10 Td (filed with, or furnished to, the U.S. Securities and Exchange Commission \("SEC"\). ) Tj ET Q q 0 0 0 rg BT 383.64 235.10 Td (Y) Tj ET Q q 0 0 0 rg BT 389.86 235.10 Td (ou may also obtain any materials we file ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 223.10 Td (with, or furnish to, the SEC on its website at ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 229.49 223.10 Td (www) Tj ET Q q 0 0 0 rg BT 248.75 223.10 Td (.sec.gov) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.96 223.10 Td (.) Tj ET Q endstream endobj 11 0 obj <>] /Rotate 0 /Contents 12 0 R>> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.87 740.25 Td (oducts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 719.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 719.25 Td (e design, develop, market and distribute accessories across a variety of product categories: traditional watches, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (smartwatches, jewelry) Tj ET Q q 0 0 0 rg BT 138.26 707.25 Td (, handbags, small leather goods, belts and sunglasses. ) Tj ET Q q 0 0 0 rg BT 353.78 707.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 403.68 707.25 Td (, we manufacture and/or distribute ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 695.25 Td (private label brands, as well as branded products purchased for resale in certain of our non-FOSSIL) Tj ET Q q 0 0 0 rg BT 447.34 695.25 Td ( branded retail stores. ) Tj ET Q q 0 0 0 rg BT 535.74 695.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.25 Td (following table sets forth certain information with respect to the breakdown of our net sales and percentage of growth between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.25 Td (proprietary) Tj ET Q q 0 0 0 rg BT 93.27 671.25 Td (, licensed and other brands for the fiscal years indicated \(in millions, except for percentage data\).) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 608.75 234.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.00 608.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 608.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 608.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.00 608.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 608.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 608.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.00 608.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 608.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 608.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 578.75 234.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.00 578.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 578.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 578.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.00 578.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 578.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 578.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.00 578.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 578.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 578.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 548.75 234.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.00 548.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 548.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 548.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.00 548.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 548.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 548.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.00 548.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 548.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 548.75 48.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 634.75 m 332 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332 634.75 m 336 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 634.75 m 384 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 634.75 m 388 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 634.75 m 436 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 634.75 m 440 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440 634.75 m 488 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 634.75 m 492 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 634.75 m 540 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 634.75 m 332 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 621.75 m 332 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332 621.75 m 336 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 621.75 m 384 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 634.75 m 436 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 621.75 m 436 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 621.75 m 440 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440 621.75 m 488 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 634.75 m 540 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 621.75 m 540 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 608.75 m 332 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 621.75 m 384 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 608.75 m 384 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 608.75 m 436 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440 621.75 m 488 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440 608.75 m 488 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 608.75 m 540 608.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 548.75 m 332 548.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 548.75 m 436 548.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 548.75 m 540 548.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 548.75 m 332 548.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 534.75 m 332 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 532.75 m 332 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 548.75 m 436 548.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 534.75 m 436 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 532.75 m 436 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 548.75 m 540 548.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 534.75 m 540 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 532.75 m 540 532.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 639.43 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.70 638.98 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 414.55 638.98 Td (Y) Tj ET Q q 0 0 0 rg BT 419.73 638.98 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 625.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.50 625.98 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.50 625.98 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.50 625.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 612.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.05 612.98 Td (Dollars) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.35 612.98 Td (% Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 612.98 Td (Dollars) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.35 612.98 Td (% Change) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.05 612.98 Td (Dollars) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 598.42 Td (Net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 598.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 598.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.50 598.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.50 598.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.50 598.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 583.42 Td (Proprietary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.50 583.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.10 583.42 Td (1,103.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.95 583.42 Td (\(12.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.80 583.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.50 583.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.10 583.42 Td (1,262.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.95 583.42 Td (\(8.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 583.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 583.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.10 583.42 Td (1,371.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 568.42 Td (Licensed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.10 568.42 Td (1,013.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.95 568.42 Td (\(14.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.80 568.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.10 568.42 Td (1,183.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.95 568.42 Td (\(9.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 568.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.10 568.42 Td (1,31) Tj ET Q q 0 0 0 rg BT 523.60 568.42 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 553.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.65 553.42 Td (100.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 553.42 Td (5.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 553.42 Td (95.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.95 553.42 Td (\(8.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 553.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.65 553.42 Td (104.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 538.42 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 538.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.50 538.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.10 538.42 Td (2,217.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.95 538.42 Td (\(12.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.80 538.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.50 538.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.10 538.42 Td (2,541.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.95 538.42 Td (\(8.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 538.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 538.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.10 538.42 Td (2,788.2) Tj ET Q BT /F1 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 513.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.24 513.25 Td (raditional ) Tj ET Q q 0 0 0 rg BT 98.12 513.25 Td (W) Tj ET Q q 0 0 0 rg BT 106.27 513.25 Td (atches and Smartwatches) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 492.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.76 492.25 Td (raditional watches and smartwatches are our core global business. Sales of watches for fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.84 492.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.84 492.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.84 492.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.84 492.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.28 492.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.28 492.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.25 Td (accounted for approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.95 480.25 Td (81.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.78 480.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.78 480.25 Td (80.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.61 480.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.05 480.25 Td (78.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.88 480.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 321.54 480.25 Td (, of our consolidated net sales.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 459.25 Td (Owned Brands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 438.25 Td (Our primary owned watch brands include FOSSIL, MICHELE, MISFIT) Tj ET Q q 0 0 0 rg BT 360.66 438.25 Td (, RELIC, SKAGEN and ZODIAC.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 417.25 Td (Licensed Brands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 396.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 396.25 Td (e have entered into multi-year) Tj ET Q q 0 0 0 rg BT 200.18 396.25 Td (, worldwide exclusive license agreements for the manufacture, distribution and sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 384.25 Td (watches bearing the brand names of certain globally recognized fashion brands. ) Tj ET Q q 0 0 0 rg BT 370.31 384.25 Td (The following table sets forth information with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 372.25 Td (respect to our primary watch licenses:) Tj ET Q 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 206.50 323.75 127.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 333.50 323.75 71.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 206.50 293.75 127.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 333.50 293.75 71.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 206.50 263.75 127.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 333.50 263.75 71.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 206.50 233.75 127.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 333.50 233.75 71.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 206.50 203.75 127.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 333.50 203.75 71.00 -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 333.5 323.75 m 404.5 323.75 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 209 326.730078125 m 230.78515625 326.730078125 l s q 0 0 0 rg BT 209.00 327.98 Td (Brand) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.05 335.98 Td (Expiration) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.20 327.98 Td (Date ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 376.19 331.61 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 314.32 Td (ARMANI EXCHANGE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.70 314.32 Td (12/31/2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 299.32 Td (BMW) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.70 299.32 Td (12/31/2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 284.32 Td (CHAPS ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 243.74 288.85 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.20 284.32 Td (3/31/2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 269.32 Td (DIESEL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.70 269.32 Td (12/31/2025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 254.32 Td (DKNY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.70 254.32 Td (12/31/2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 239.32 Td (EMPORIO ) Tj ET Q q 0 0 0 rg BT 256.23 239.32 Td (ARMANI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.70 239.32 Td (12/31/2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 224.32 Td (KA) Tj ET Q q 0 0 0 rg BT 222.89 224.32 Td (TE SP) Tj ET Q q 0 0 0 rg BT 247.72 224.32 Td (ADE NEW) Tj ET Q q 0 0 0 rg BT 292.99 224.32 Td ( ) Tj ET Q q 0 0 0 rg BT 295.21 224.32 Td (YORK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.70 224.32 Td (12/31/2025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 209.32 Td (MICHAEL) Tj ET Q q 0 0 0 rg BT 254.37 209.32 Td ( KORS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.70 209.32 Td (12/31/2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 194.32 Td (PUMA) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 237.90 198.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.70 194.32 Td (12/31/2028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 179.32 Td (T) Tj ET Q q 0 0 0 rg BT 214.93 179.32 Td (OR) Tj ET Q q 0 0 0 rg BT 228.27 179.32 Td (Y) Tj ET Q q 0 0 0 rg BT 235.12 179.32 Td ( BURCH) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.70 179.32 Td (12/31/2023) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 164.65 Td ( ___________________________________________________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.50 155.05 Td (1. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 229.50 155.05 Td (Subject to early termination) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.50 145.45 Td (2. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 229.50 145.45 Td (W) Tj ET Q q 0 0 0 rg BT 236.41 145.45 Td (e do not expect to renew our license for CHAPS when it expires this year) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 229.50 135.85 Td ( ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 49.50 123.85 Td (S) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 54.51 123.85 Td (martwatches) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 102.85 Td (Our full display smartwatches use Google) Tj ET Q q 0 0 0 rg BT 242.30 102.85 Td (s ) Tj ET Q q 0 0 0 rg BT 248.51 102.85 Td (WEAR OS operating system. ) Tj ET Q q 0 0 0 rg BT 368.59 102.85 Td (W) Tj ET Q q 0 0 0 rg BT 377.23 102.85 Td (e have a current license for ) Tj ET Q q 0 0 0 rg BT 487.54 102.85 Td (WEAR OS that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.85 Td (expires on May 1, 2020. ) Tj ET Q q 0 0 0 rg BT 149.03 90.85 Td (W) Tj ET Q q 0 0 0 rg BT 157.66 90.85 Td (e are currently negotiating with Google on the renewal of our ) Tj ET Q q 0 0 0 rg BT 405.45 90.85 Td (WEAR OS license. Certain of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.85 Td (hybrid smartwatches use operating systems developed by us or as otherwise licensed to us by Google. ) Tj ET Q endstream endobj 13 0 obj <>] /Rotate 0 /Contents 14 0 R>> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (3) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Fashion ) Tj ET Q q 0 0 0 rg BT 86.09 740.25 Td (Accessories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 719.25 Td (In addition to our core watch business, we also design and create jewelry) Tj ET Q q 0 0 0 rg BT 363.20 719.25 Td (, handbags, small leather goods, and belts across ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (our owned brands and watches and jewelry under our licensed brands. In the U.S. and certain international markets, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 695.25 Td (generally market our fashion accessory lines through the same distribution channels as our watches using similar marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.25 Td (approaches. Our fashion accessories are typically sold in locations adjacent to watch departments, which may lead to purchases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.25 Td (by persons who are familiar with our watch brands. Sales of our accessory lines accounted for 16.3%, 18.4% and 19.7% of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.25 Td (consolidated net sales in fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.23 659.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.23 659.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.23 659.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.23 659.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.67 659.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.67 659.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 334.33 659.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 638.25 Td (The following table sets forth information about our fashion accessories:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 598.75 109.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 598.75 117.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 568.75 109.00 -41.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 568.75 117.00 -41.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 512.75 109.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 512.75 117.00 -27.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 598.75 m 418.5 598.75 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 195 601.730078125 m 216.78515625 601.730078125 l s q 0 0 0 rg BT 195.00 602.98 Td (Brand) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.60 602.98 Td (Accessory Category) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 589.32 Td (DIESEL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 589.32 Td (Jewelry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 574.32 Td (EMPORIO ) Tj ET Q q 0 0 0 rg BT 242.23 574.32 Td (ARMANI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 574.32 Td (Jewelry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 559.32 Td (FOSSIL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 559.32 Td (Handbags, small leather) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 547.32 Td (goods, belts, eyewear) Tj ET Q q 0 0 0 rg BT 389.88 547.32 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 535.32 Td (jewelry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 518.32 Td (MICHAEL) Tj ET Q q 0 0 0 rg BT 240.37 518.32 Td ( KORS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 518.32 Td (Jewelry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 503.32 Td (RELIC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 503.32 Td (Handbags, small leather) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 491.32 Td (goods, belts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 476.32 Td (SKAGEN) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 476.32 Td (Jewelry) Tj ET Q q 0 0 0 rg BT 334.45 476.32 Td (, small leather ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 464.32 Td (goods) Tj ET Q BT /F1 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 426.25 Td (Licensed Eyewear) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 405.25 Td (In January 2014, we entered into a license agreement with the Safilo Group for both FOSSIL) Tj ET Q q 0 0 0 rg BT 443.76 405.25 Td ( branded sunglasses and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 393.25 Td (optical frames worldwide. ) Tj ET Q q 0 0 0 rg BT 156.51 393.25 Td (The license agreement provides for royalties to be paid to us based on a percentage of net sales and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 381.25 Td (includes certain guaranteed minimum royalties. Sales of licensed eyewear accounted for approximately 0.5% of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 369.25 Td (consolidated net sales for fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.22 369.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.22 369.25 Td ( and 0.4% of consolidated net sales for both fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.71 369.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.71 369.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 369.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 369.25 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 348.25 Td (Private Label) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 327.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 327.25 Td (e design, market and source manufacturing of certain retailers' private label and owned brand watches as well as other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 315.25 Td (company brands to be used as premium and incentive items in various corporate events. Under these arrangements, we perform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 303.25 Td (design and product development functions, as well as act as a sourcing agent for our customers by contracting for and managing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 291.25 Td (the manufacturing process, purchasing and inspecting of the finished product and arranging for shipment. Participation in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 279.25 Td (private label and premium businesses provides us with certain advantages, including increased assembly volume, which may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 267.25 Td (reduce the costs of assembling our other products, and strengthen business relationships with our manufacturing sources.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 246.25 Td (Building Str) Tj ET Q q 0 0 0 rg BT 101.84 246.25 Td (ong Brands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 225.25 Td (Brand building is critical to the success of our Company) Tj ET Q q 0 0 0 rg BT 296.58 225.25 Td (. ) Tj ET Q q 0 0 0 rg BT 301.40 225.25 Td (W) Tj ET Q q 0 0 0 rg BT 310.04 225.25 Td (e take a consumer) Tj ET Q q 0 0 0 rg BT 381.75 225.25 Td (-first approach to creating product and brand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 213.25 Td (experiences, with the goal of building meaningful, long-term relationships with our consumers.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 192.25 Td (Product Design and Development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 171.25 Td (Our product designs are fueled by a combination of creativity) Tj ET Q q 0 0 0 rg BT 317.66 171.25 Td (, fashion trends and consumer insights. Over the past 30 plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 159.25 Td (years, we have built an incredible in-house design team that works in partnership with our consumer insights and trend teams to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 147.25 Td (ideate, design, test and deliver new product concepts to market. ) Tj ET Q q 0 0 0 rg BT 305.62 147.25 Td (W) Tj ET Q q 0 0 0 rg BT 314.26 147.25 Td (e also employ more than 200 research and development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 135.25 Td (\("R&D"\) team members who focus on innovation and product development across our watch and smartwatch categories.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 114.25 Td (In order to respond to and capitalize on fast-paced changes in the global marketplace, we have created a process that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.25 Td (allows us to design and develop consumer insight driven product in as little as 30 days. ) Tj ET Q q 0 0 0 rg BT 400.10 102.25 Td (W) Tj ET Q q 0 0 0 rg BT 408.73 102.25 Td (e have found speed coupled with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.25 Td (insight-driven product to be a true dif) Tj ET Q q 0 0 0 rg BT 199.28 90.25 Td (ferentiator and key revenue driver across our business.) Tj ET Q endstream endobj 15 0 obj <>] /Rotate 0 /Contents 16 0 R>> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (4) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Marketing and Promotion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 719.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 719.25 Td (e are embracing the changing retail environment and meeting consumers where they are, both on and of) Tj ET Q q 0 0 0 rg BT 495.58 719.25 Td (fline. Our focus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (on creating the best possible brand experiences requires a blend of art and sciencewhich means prioritizing both creativity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 695.25 Td (and data in everything we do. ) Tj ET Q q 0 0 0 rg BT 170.12 695.25 Td (W) Tj ET Q q 0 0 0 rg BT 178.75 695.25 Td (e have created an in-house digital marketing center of excellence serving both our owned and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.25 Td (licensed brands to connect with consumers and to serve up personalized, engaging content. ) Tj ET Q q 0 0 0 rg BT 415.60 683.25 Td (This allows us to learn about their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.25 Td (behavior across all channels including digital marketing, social media, Customer Relationship Management \("CRM"\) and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.25 Td (digital media. ) Tj ET Q q 0 0 0 rg BT 106.80 659.25 Td (W) Tj ET Q q 0 0 0 rg BT 115.44 659.25 Td (e drive innovation using a rapid test-and-learn approach with continuous optimization. ) Tj ET Q q 0 0 0 rg BT 463.50 659.25 Td (W) Tj ET Q q 0 0 0 rg BT 472.14 659.25 Td (e are also able to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 647.25 Td (deliver a high level of personalization through the consumer insight and predictive analytics capabilities we have built over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 635.25 Td (past few years and through our partnerships with leading online third-party retailers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 614.25 Td (Operating Strategy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 593.25 Td (Our goal is to drive shareholder value by increasing earnings and making a positive impact on our people, planet and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.25 Td (communities. ) Tj ET Q q 0 0 0 rg BT 105.98 581.25 Td (While we currently operate in a challenging business environment, we are leveraging our business strengths ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (while continuing to lead a significant internal transformation to strengthen our business model. ) Tj ET Q q 0 0 0 rg BT 431.46 569.25 Td (W) Tj ET Q q 0 0 0 rg BT 440.10 569.25 Td (e plan to achieve our business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (strategy by focusing on the following strategic initiatives:) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 85.50 536.25 Td (Profitability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 515.25 Td (W) Tj ET Q q 0 0 0 rg BT 116.64 515.25 Td (e are focused on improving our overall profitability through revenue-management strategies to price and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 503.25 Td (position our products optimally and most ef) Tj ET Q q 0 0 0 rg BT 260.30 503.25 Td (fectively) Tj ET Q q 0 0 0 rg BT 294.63 503.25 Td (. ) Tj ET Q q 0 0 0 rg BT 299.45 503.25 Td (This includes improving our gross mar) Tj ET Q q 0 0 0 rg BT 454.53 503.25 Td (gins by increasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 491.25 Td (economies of scale with our smartwatches, re-negotiating pricing with our suppliers, and further reducing our supply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 479.25 Td (chain costs. ) Tj ET Q q 0 0 0 rg BT 134.47 479.25 Td (W) Tj ET Q q 0 0 0 rg BT 143.11 479.25 Td (e are also focused on lowering our base expenses by leveraging lower sales with lower variable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 467.25 Td (expenses and by achieving or) Tj ET Q q 0 0 0 rg BT 203.06 467.25 Td (ganizational ef) Tj ET Q q 0 0 0 rg BT 262.01 467.25 Td (ficiencies through our New ) Tj ET Q q 0 0 0 rg BT 373.46 467.25 Td (W) Tj ET Q q 0 0 0 rg BT 382.10 467.25 Td (orld Fossil initiatives. ) Tj ET Q q 0 0 0 rg BT 471.37 467.25 Td (W) Tj ET Q q 0 0 0 rg BT 480.01 467.25 Td (e continue to close ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 455.25 Td (our low-performing stores and exit unprofitable businesses as we improve our net income and working capital and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 443.25 Td (reduce our outstanding debt position.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 85.50 422.25 Td (Innovation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 401.25 Td (W) Tj ET Q q 0 0 0 rg BT 116.64 401.25 Td (e are driving innovation across every aspect of our business. ) Tj ET Q q 0 0 0 rg BT 360.00 401.25 Td (W) Tj ET Q q 0 0 0 rg BT 368.63 401.25 Td (e continue to form new partnerships with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 389.25 Td (leading brands, which helps us leverage our vertical structure, size and scale. ) Tj ET Q q 0 0 0 rg BT 395.48 389.25 Td (W) Tj ET Q q 0 0 0 rg BT 404.12 389.25 Td (e are bringing new and innovative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 377.25 Td (functions to smartwatches across both our hybrid and display platformsas well as expanding our distribution and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 365.25 Td (increasing our addressable market. ) Tj ET Q q 0 0 0 rg BT 226.65 365.25 Td (W) Tj ET Q q 0 0 0 rg BT 235.29 365.25 Td (e are also driving innovations in traditional watches and our accessory categories ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 353.25 Td (through our investment in R&D and data analytics.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 85.50 332.25 Td (E-commerce and Digitalization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 311.25 Td (W) Tj ET Q q 0 0 0 rg BT 116.64 311.25 Td (e are investing in our digital infrastructure and commerce capabilities across our owned and third-party e-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 299.25 Td (commerce sites. ) Tj ET Q q 0 0 0 rg BT 152.24 299.25 Td (W) Tj ET Q q 0 0 0 rg BT 160.88 299.25 Td (e plan to continue to expand our digital capabilities for consumer insight, analytics and the use of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 287.25 Td (data throughout our or) Tj ET Q q 0 0 0 rg BT 175.02 287.25 Td (ganization, as well as shifting to a new marketing and commerce platform to drive greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 275.25 Td (personalization and a better consumer experience.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 254.25 Td (W) Tj ET Q q 0 0 0 rg BT 116.64 254.25 Td (e will continue to collaborate with our wholesale partners to optimize online performance, and we will seek out ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 242.25 Td (opportunities to expand our direct to consumer e-commerce business into new markets, with a focus on the ) Tj ET Q q 0 0 0 rg BT 515.39 242.25 Td (Asia ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 230.25 Td (Pacific region. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 85.50 209.25 Td (Sustainability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 188.25 Td (W) Tj ET Q q 0 0 0 rg BT 116.64 188.25 Td (e care about our people, our customers, our shareholders, our communities and our planet. Our sustainability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 176.25 Td (platform, Make ) Tj ET Q q 0 0 0 rg BT 150.02 176.25 Td (T) Tj ET Q q 0 0 0 rg BT 155.78 176.25 Td (ime for Good, is setting the tone for our innovative ef) Tj ET Q q 0 0 0 rg BT 369.71 176.25 Td (forts to make a positive social and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 164.25 Td (environmental impact. ) Tj ET Q q 0 0 0 rg BT 177.79 164.25 Td (W) Tj ET Q q 0 0 0 rg BT 186.43 164.25 Td (e are committed to challenging the norms of the watch and accessory industry by designing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 152.25 Td (our products with the future in mind, reducing our footprint, empowering women, respecting human rights, enhancing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 140.25 Td (our communities and strengthening diversity) Tj ET Q q 0 0 0 rg BT 263.71 140.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 119.25 Td (Distribution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 98.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 98.25 Td (e have an extensive distribution network that allows us to reach a diverse global customer base. ) Tj ET Q q 0 0 0 rg BT 464.51 98.25 Td (W) Tj ET Q q 0 0 0 rg BT 473.15 98.25 Td (e sell our products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.25 Td (through a range of channels including e-commerce, Company-owned retail stores, department and specialty retail stores, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.25 Td (airlines, mass markets and concessions.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 53.25 Td (Stores) Tj ET Q endstream endobj 17 0 obj <>] /Rotate 0 /Contents 18 0 R>> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 740.10 Td (Internationally) Tj ET Q q 0 0 0 rg BT 130.22 740.10 Td (, our products are sold across approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.61 740.10 Td (150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.61 740.10 Td ( countries worldwide through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.14 740.10 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.14 740.10 Td ( Company-owned sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (subsidiaries and through a network of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.06 728.10 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.06 728.10 Td ( independent distributors. Our products are of) Tj ET Q q 0 0 0 rg BT 455.33 728.10 Td (fered on airlines and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (cruise ships and in international Company-owned retail stores. Our international network of Company-owned stores included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 704.10 Td ( retail stores and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.81 704.10 Td (122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.81 704.10 Td ( outlet stores as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.07 704.10 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.66 704.10 Td (. In certain international markets, our products are also sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (through licensed and franchised FOSSIL) Tj ET Q q 0 0 0 rg BT 212.43 692.10 Td ( retail stores, retail concessions operated by us and kiosks, as well as through owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (and third-party websites. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 659.10 Td (E-commerce) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 638.10 Td (Our owned global e-commerce websites deliver engaging brand content, mobile-friendly experiences, and seamless ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 626.10 Td (integration with retail stores, including the ability to buy certain products online and pick them up in one of our retail stores and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (shipping consumer orders from our stores. Our websites work in conjunction with our digital marketing ef) Tj ET Q q 0 0 0 rg BT 474.24 614.10 Td (forts to deliver ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (personalized and compelling brand experiences that strengthen consumer loyalty and ultimately drive profitability) Tj ET Q q 0 0 0 rg BT 505.37 602.10 Td (. ) Tj ET Q q 0 0 0 rg BT 510.19 602.10 Td (W) Tj ET Q q 0 0 0 rg BT 518.83 602.10 Td (e also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (distribute our products through leading third-party e-commerce retailers, as well as our wholesalers) Tj ET Q q 0 0 0 rg BT 449.46 590.10 Td ( e-commerce websites and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (wide network of additional online retailers. ) Tj ET Q q 0 0 0 rg BT 224.54 578.10 Td (W) Tj ET Q q 0 0 0 rg BT 233.18 578.10 Td (e take a holistic approach to our e-commerce distribution to ensure that both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (owned and licensed brands deliver an engaging customer experience at every digital touch point.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (Sour) Tj ET Q q 0 0 0 rg BT 69.88 545.10 Td (cing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 524.10 Td (The vast majority of our products are sourced internationally) Tj ET Q q 0 0 0 rg BT 314.61 524.10 Td (, with a substantial percentage of our watches and jewelry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (products assembled or manufactured by entities that are majority owned by us. Most watch product sourcing is coordinated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (through our Hong Kong subsidiary) Tj ET Q q 0 0 0 rg BT 188.84 500.10 Td (, Fossil \(East\) Limited \("Fossil East"\). During fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.91 500.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.91 500.10 Td (, approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.17 500.10 Td (47%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.50 500.10 Td ( of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (global watch production was assembled or sourced through wholly or majority owned factories. ) Tj ET Q q 0 0 0 rg BT 435.33 488.10 Td (This vertical integration of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (business allows for better flow of communication, consistent quality) Tj ET Q q 0 0 0 rg BT 322.41 476.10 Td (, product design protection and improved supply chain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (speed, while still allowing us to utilize non-owned production facilities for their unique capabilities and to cover production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (needs over internal capacities. Establishing our watch assembly facilities near the component manufacturers also allows us to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (operate a more ef) Tj ET Q q 0 0 0 rg BT 119.00 440.10 Td (ficient supply chain. In addition, although we do not have long-term contracts with our unrelated watch and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (accessory manufacturers, we maintain long-term relationships with several manufacturers. ) Tj ET Q q 0 0 0 rg BT 413.35 428.10 Td (These relationships developed due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (the significant length of time we have conducted business with the same manufacturers. ) Tj ET Q q 0 0 0 rg BT 403.10 416.10 Td (W) Tj ET Q q 0 0 0 rg BT 411.74 416.10 Td (e believe that we are able to exert ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (significant operational control with regard to our principal watch assemblers because of our level of ownership and long ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (standing relationships. In addition, we believe that the relative size of our business with non-owned watch manufacturers gives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (us priority within their production schedules. Furthermore, the manufacturers understand our quality standards, which allow us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (to produce quality products and reduce the delivery time to market, improving overall operating mar) Tj ET Q q 0 0 0 rg BT 451.14 368.10 Td (gins. ) Tj ET Q q 0 0 0 rg BT 472.63 368.10 Td (W) Tj ET Q q 0 0 0 rg BT 481.26 368.10 Td (e have also added ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (new third-party facilities and relationships for manufacturing our wearable technology products as well as enhanced our own ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (factories to enable assembly and production of hybrid smartwatches. Increased volume in the wearables category would allow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (us to further reduce costs through improved volume pricing and enable our suppliers to continue to invest in automation.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.43 308.10 Td (rademarks and Patents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 287.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 287.10 Td (e use our FOSSIL, MICHELE, MISFIT) Tj ET Q q 0 0 0 rg BT 239.06 287.10 Td (, RELIC, SKAGEN and ZODIAC trademarks, as well as other trademarks, on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (certain watches, smartwatches, activity trackers, jewelry) Tj ET Q q 0 0 0 rg BT 274.30 275.10 Td (, leather goods and other fashion accessories in the U.S. and in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (significant number of foreign countries. ) Tj ET Q q 0 0 0 rg BT 210.94 263.10 Td (W) Tj ET Q q 0 0 0 rg BT 219.58 263.10 Td (e also use FOSSIL, SKAGEN, ) Tj ET Q q 0 0 0 rg BT 344.68 263.10 Td (W) Tj ET Q q 0 0 0 rg BT 353.01 263.10 Td (A) Tj ET Q q 0 0 0 rg BT 359.12 263.10 Td (TCH ST) Tj ET Q q 0 0 0 rg BT 392.49 263.10 Td (A) Tj ET Q q 0 0 0 rg BT 398.60 263.10 Td (TION INTERNA) Tj ET Q q 0 0 0 rg BT 467.76 263.10 Td (TIONAL) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 504.97 267.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.91 263.10 Td (, and ) Tj ET Q q 0 0 0 rg BT 531.66 263.10 Td (WSI) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 549.99 267.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.93 263.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (as trademarks on retail stores and FOSSIL, SKAGEN, ) Tj ET Q q 0 0 0 rg BT 269.29 251.10 Td (W) Tj ET Q q 0 0 0 rg BT 277.62 251.10 Td (A) Tj ET Q q 0 0 0 rg BT 283.73 251.10 Td (TCH ST) Tj ET Q q 0 0 0 rg BT 317.10 251.10 Td (A) Tj ET Q q 0 0 0 rg BT 323.21 251.10 Td (TION INTERNA) Tj ET Q q 0 0 0 rg BT 392.37 251.10 Td (TIONAL, ) Tj ET Q q 0 0 0 rg BT 434.40 251.10 Td (WSI, MISFIT) Tj ET Q q 0 0 0 rg BT 489.77 251.10 Td (, ZODIAC and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.10 Td (MICHELE as trademarks on online e-commerce sites. ) Tj ET Q q 0 0 0 rg BT 268.69 239.10 Td (W) Tj ET Q q 0 0 0 rg BT 277.33 239.10 Td (e have taken steps to establish or provide additional protection for our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.10 Td (trademarks by registering or applying to register our trademarks for relevant classes of products in each country where our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.10 Td (products are sold in addition to certain foreign countries where it is our intent to market our products in the future. Each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.10 Td (registered trademark may be renewable indefinitely) Tj ET Q q 0 0 0 rg BT 255.14 203.10 Td (, so long as we continue to use the mark in the applicable jurisdiction and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.10 Td (make the appropriate filings when required. ) Tj ET Q q 0 0 0 rg BT 226.76 191.10 Td (W) Tj ET Q q 0 0 0 rg BT 235.39 191.10 Td (e aggressively protect our trademarks and trade dress and pursue infringement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.10 Td (claims both domestically and internationally) Tj ET Q q 0 0 0 rg BT 226.58 179.10 Td (. ) Tj ET Q q 0 0 0 rg BT 231.40 179.10 Td (W) Tj ET Q q 0 0 0 rg BT 240.04 179.10 Td (e also pursue counterfeiters both domestically and internationally through third-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 167.10 Td (party online monitoring tools and through leads generated internally) Tj ET Q q 0 0 0 rg BT 321.56 167.10 Td (, as well as through our business partners worldwide.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 146.10 Td (Patents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 125.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 125.10 Td (e continue to explore innovations in the design and assembly of our watch, smartwatch, activity tracker and related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 88.39 113.10 Td (As a result, we have been granted, and have pending, various U.S. and international design and utility patents related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (to certain product designs, features, and technologies. ) Tj ET Q q 0 0 0 rg BT 266.10 101.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.54 101.10 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.13 101.10 Td (, none of our patents were material to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (business.) Tj ET Q endstream endobj 19 0 obj <>] /Rotate 0 /Contents 20 0 R>> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (6) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 719.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.14 719.25 Td (e rely upon unpatented trade secrets, know-how) Tj ET Q q 0 0 0 rg BT 275.81 719.25 Td (, and continuing technological innovation to develop and maintain our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (competitive position, particularly in the wearable technology space. ) Tj ET Q q 0 0 0 rg BT 322.56 707.25 Td (W) Tj ET Q q 0 0 0 rg BT 331.20 707.25 Td (e strive to protect our trade secrets and other proprietary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 695.25 Td (information through agreements with current and prospective product development partners, confidentiality agreements with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.25 Td (employees, consultants and others that may have access to our proprietary information and through the use of other security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.25 Td (measures.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 650.25 Td (Seasonality ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 629.25 Td (Our business has a seasonal pattern, with a significant portion of our sales occurring during the end-of-year holiday ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 596.25 Td (Inventory Contr) Tj ET Q q 0 0 0 rg BT 119.59 596.25 Td (ol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 575.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 575.25 Td (e maintain inventory control systems at our facilities that enable us to track each product from the time it is shipped ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.25 Td (from our factory through shipment to our customers, the end consumer) Tj ET Q q 0 0 0 rg BT 332.64 563.25 Td (, concessions locations and websites. ) Tj ET Q q 0 0 0 rg BT 482.71 563.25 Td (T) Tj ET Q q 0 0 0 rg BT 488.12 563.25 Td (o facilitate this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.25 Td (tracking, a significant number of products sold by us are pre-ticketed and bar coded. Our inventory control systems report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.25 Td (shipping, sales and individual stock keeping unit level inventory information. ) Tj ET Q q 0 0 0 rg BT 361.49 539.25 Td (W) Tj ET Q q 0 0 0 rg BT 370.13 539.25 Td (e manage the retail sales process by monitoring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.25 Td (customer sales and inventory levels of our products by product category and style, primarily through electronic data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.25 Td (interchange. ) Tj ET Q q 0 0 0 rg BT 100.96 515.25 Td (W) Tj ET Q q 0 0 0 rg BT 109.60 515.25 Td (e believe that our distribution capabilities enable us to reduce inventory risk and increase flexibility in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 503.25 Td (responding to the delivery requirements of our customers. ) Tj ET Q q 0 0 0 rg BT 283.43 503.25 Td (W) Tj ET Q q 0 0 0 rg BT 292.06 503.25 Td (e believe that our electronic data interchange ef) Tj ET Q q 0 0 0 rg BT 481.50 503.25 Td (forts will continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 491.25 Td (to grow in the future as customers focus further on increasing operating ef) Tj ET Q q 0 0 0 rg BT 345.89 491.25 Td (ficiencies. In addition, we maintain systems that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.25 Td (designed to track inventory movement through our Company-owned stores. ) Tj ET Q q 0 0 0 rg BT 354.81 479.25 Td (W) Tj ET Q q 0 0 0 rg BT 363.45 479.25 Td (e monitor store inventory movement through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.25 Td (review of detailed sales transaction records, which are accumulated on each store) Tj ET Q q 0 0 0 rg BT 377.13 467.25 Td (s point-of-sale system.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 446.25 Td (Upon completion of assembly/manufacturing, the majority of our products are shipped to one of our warehousing and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.25 Td (distribution centers in ) Tj ET Q q 0 0 0 rg BT 139.03 434.25 Td (T) Tj ET Q q 0 0 0 rg BT 144.44 434.25 Td (exas, Germany or Hong Kong, from which they are shipped to subsidiary warehouses or directly to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 422.25 Td (customers in selected markets. Our centralized warehouse and distribution facilities allow us to maximize our inventory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 410.25 Td (management and distribution capabilities and more readily meet the varying distribution requirements placed on us by our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.25 Td (customers at a lower cost. Our facilities in ) Tj ET Q q 0 0 0 rg BT 220.66 398.25 Td (T) Tj ET Q q 0 0 0 rg BT 226.07 398.25 Td (exas and Germany are equipped with automated material handling equipment. ) Tj ET Q q 0 0 0 rg BT 541.06 398.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.25 Td (automated equipment and operating systems, in conjunction with the continual sampling of our outgoing orders prior to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.25 Td (shipment, are important in maintaining the quality) Tj ET Q q 0 0 0 rg BT 249.64 374.25 Td (, accuracy) Tj ET Q q 0 0 0 rg BT 289.51 374.25 Td (, speed and reputation of our products and distribution service.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 353.25 Td (Significant Customer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 332.25 Td (No customer accounted for 10% or more of our consolidated net sales in fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.17 332.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.17 332.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.17 332.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.17 332.25 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.50 332.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.50 332.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 311.25 Td (Backlog) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 290.25 Td (It is the practice of a substantial number of our customers not to confirm orders by delivering a formal purchase order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 278.25 Td (until a relatively short time prior to the shipment of goods. ) Tj ET Q q 0 0 0 rg BT 285.57 278.25 Td (As a result, the amount of unfilled customer orders includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 266.25 Td (confirmed orders and orders that we believe will be confirmed by delivery of a formal purchase order) Tj ET Q q 0 0 0 rg BT 454.90 266.25 Td (. ) Tj ET Q q 0 0 0 rg BT 459.35 266.25 Td (A) Tj ET Q q 0 0 0 rg BT 466.02 266.25 Td ( majority of such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 254.25 Td (amounts represent orders that have been confirmed. ) Tj ET Q q 0 0 0 rg BT 258.68 254.25 Td (The remainder of such amounts represents orders that we believe, based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 242.25 Td (industry practice and prior experience, will be confirmed in the ordinary course of business. Our backlog at a particular time is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 230.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 230.25 Td (fected by a number of factors, including seasonality and the scheduling of the manufacture and shipment of our products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 218.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 98.84 218.25 Td (, a comparison of backlog from period to period is not necessarily meaningful and may not be indicative of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 206.25 Td (eventual actual shipments. ) Tj ET Q q 0 0 0 rg BT 157.25 206.25 Td (At the end of fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.10 206.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.10 206.25 Td (, we had unfilled customer orders of approximately $87.6 million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 194.25 Td (compared to $96.2 million and $74.1million at the end of fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.38 194.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.38 194.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.82 194.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.82 194.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 443.48 194.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 173.25 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 152.25 Td (The businesses in which we compete are highly competitive and fragmented. ) Tj ET Q q 0 0 0 rg BT 382.28 152.25 Td (The current market for traditional watches ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.25 Td (can be divided into tiers ranging from lower price point watches that are typically distributed through mass market channels to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.25 Td (luxury watches at higher price points that are typically distributed through fine watch departments of upscale department stores ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.25 Td (or upscale specialty watch and fine jewelry stores. Our watch business generally competes in these tiers with a number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.25 Td (established manufacturers, importers and distributors, including ) Tj ET Q q 0 0 0 rg BT 306.67 104.25 Td (Armitron, Citizen, Gucci, Guess?, Kenneth Cole, L) Tj ET Q q 0 0 0 rg BT 510.98 104.25 Td (VMH ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.25 Td (Group, Movado, Raymond ) Tj ET Q q 0 0 0 rg BT 159.59 92.25 Td (W) Tj ET Q q 0 0 0 rg BT 168.23 92.25 Td (eil, Seiko, Swatch, Swiss ) Tj ET Q q 0 0 0 rg BT 270.73 92.25 Td (Army) Tj ET Q q 0 0 0 rg BT 293.41 92.25 Td (, ) Tj ET Q q 0 0 0 rg BT 298.23 92.25 Td (T) Tj ET Q q 0 0 0 rg BT 303.54 92.25 Td (AG Heuer and ) Tj ET Q q 0 0 0 rg BT 364.17 92.25 Td (T) Tj ET Q q 0 0 0 rg BT 369.92 92.25 Td (imex. In addition, our leather goods, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 80.25 Td (sunglasses, and jewelry businesses compete with a lar) Tj ET Q q 0 0 0 rg BT 264.82 80.25 Td (ge number of established companies that have significant experience ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 68.25 Td (developing, marketing and distributing such products. Our competitors include distributors that import watches and accessories ) Tj ET Q endstream endobj 21 0 obj <>] /Rotate 0 /Contents 22 0 R>> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (from abroad, U.S. companies that have established foreign manufacturing relationships and companies that produce accessories ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (domestically) Tj ET Q q 0 0 0 rg BT 99.95 728.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 707.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 707.10 Td (e believe the risk of significant new competitors for traditional watches is mitigated to some extent by barriers to entry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 695.10 Td (such as high startup costs and the development of long-term relationships with customers and manufacturing sources. However) Tj ET Q q 0 0 0 rg BT 558.14 695.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.10 Td (in the expanding wearable technology industry) Tj ET Q q 0 0 0 rg BT 236.30 683.10 Td (, we face competition from technology brands such as ) Tj ET Q q 0 0 0 rg BT 454.01 683.10 Td (Apple and Samsung, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.10 Td (fitness brands such as Fitbit, as well as from many established traditional watch manufacturers that have launched wearable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.10 Td (technology products. ) Tj ET Q q 0 0 0 rg BT 135.32 659.10 Td (As this industry evolves and grows, there will likely be increased competition as well. However) Tj ET Q q 0 0 0 rg BT 518.16 659.10 Td (, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 647.10 Td (believe our design, branding, significant scale and distribution are strong competitive advantages.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 626.10 Td (Although the level and nature of competition varies among our product categories and geographic regions, we compete on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (the basis of style and technical features, price, value, quality) Tj ET Q q 0 0 0 rg BT 289.87 614.10 Td (, brand name, advertising, marketing, distribution and customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (service. Our ability to identify and respond to changing fashion trends and consumer preferences \(including wearable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (technology\), to maintain existing relationships and develop new relationships with manufacturing sources, to deliver quality ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (merchandise in a timely manner) Tj ET Q q 0 0 0 rg BT 177.39 578.10 Td (, to manage the retail sales process, and to continue to integrate technology into our business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (model are important factors in our ability to compete. Our distinctive business model of owning the distribution in many key ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (markets and of) Tj ET Q q 0 0 0 rg BT 108.74 554.10 Td (fering a globally recognized portfolio of proprietary and licensed products allows for many competitive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.10 Td (advantages over smaller) Tj ET Q q 0 0 0 rg BT 145.73 542.10 Td (, regional or local competitors. ) Tj ET Q q 0 0 0 rg BT 270.78 542.10 Td (This allows us to bypass the local distributor's cost structure in certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 530.10 Td (countries, resulting in more competitively priced products, while also generating higher product and operating mar) Tj ET Q q 0 0 0 rg BT 508.07 530.10 Td (gins.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (Governmental Regulation) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (Imports and Import Restrictions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 467.10 Td (Most of our products are assembled or manufactured overseas. ) Tj ET Q q 0 0 0 rg BT 324.70 467.10 Td (As a result, the U.S. and countries in which our products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.10 Td (are sourced or sold may from time to time modify existing or impose new quotas, duties \(including anti-dumping or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.10 Td (countervailing duties\), tarif) Tj ET Q q 0 0 0 rg BT 158.45 443.10 Td (fs or other restrictions in a manner that adversely af) Tj ET Q q 0 0 0 rg BT 364.58 443.10 Td (fects us. For example, our products imported to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 431.10 Td (the U.S. are subject to U.S. customs duties, and in the ordinary course of our business, we may from time to time be subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.10 Td (claims by the U.S. Customs Service for duties and other char) Tj ET Q q 0 0 0 rg BT 293.16 419.10 Td (ges. Factors that may influence the modification or imposition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.10 Td (these restrictions include the determination by the U.S. ) Tj ET Q q 0 0 0 rg BT 271.49 407.10 Td (T) Tj ET Q q 0 0 0 rg BT 277.24 407.10 Td (rade Representative that a country has denied adequate intellectual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.10 Td (property rights or fair and equitable market access to U.S. firms that rely on intellectual property) Tj ET Q q 0 0 0 rg BT 435.12 395.10 Td (, trade disputes between the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.10 Td (U.S. and a country that leads to withdrawal of "most favored nation" status for that country and economic and political changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.10 Td (within a country that are viewed unfavorably by the U.S. government. ) Tj ET Q q 0 0 0 rg BT 332.02 371.10 Td (W) Tj ET Q q 0 0 0 rg BT 340.66 371.10 Td (e cannot predict the ef) Tj ET Q q 0 0 0 rg BT 429.32 371.10 Td (fect these events would have on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.10 Td (our operations, if any) Tj ET Q q 0 0 0 rg BT 134.38 359.10 Td (, especially in light of the concentration of our assembly and manufacturing operations in Hong Kong and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 347.10 Td (China.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 326.10 Td (General) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 305.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 305.10 Td (e are subject to laws regarding customs, tax, employment, privacy) Tj ET Q q 0 0 0 rg BT 344.35 305.10 Td (, truth-in-advertising, consumer product safety) Tj ET Q q 0 0 0 rg BT 529.76 305.10 Td (, zoning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (and occupancy and other laws and regulations that regulate and/or govern the importation, promotion and sale of consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (products and our corporate, retail and distribution operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (Compliance and ) Tj ET Q q 0 0 0 rg BT 121.55 260.10 Td (T) Tj ET Q q 0 0 0 rg BT 127.48 260.10 Td (rade) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 239.10 Td (Code of Conduct for Manufacturers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 218.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 218.10 Td (e are committed to ethical and responsible conduct in all of our operations and respect for the rights of all individuals. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 206.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 206.10 Td (e strive to ensure that human rights are upheld for all workers involved in our supply chain, and that individuals experience ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 194.10 Td (safe, fair and non-discriminatory working conditions. In addition, we are committed to compliance with applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 182.10 Td (environmental requirements and are committed to seeing that all of our products are manufactured and distributed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.10 Td (compliance with applicable environmental laws and regulations. ) Tj ET Q q 0 0 0 rg BT 309.24 170.10 Td (W) Tj ET Q q 0 0 0 rg BT 317.87 170.10 Td (e expect that our business partners will share these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 158.10 Td (commitments, which we enforce through our Manufacturer Code.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 137.10 Td (Our Manufacturer Code specifically requires our manufacturers to not use child, forced or involuntary labor and to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (comply with applicable environmental laws and regulations. ) Tj ET Q q 0 0 0 rg BT 293.14 125.10 Td (W) Tj ET Q q 0 0 0 rg BT 301.78 125.10 Td (e provide training to our factories related to our Manufacturer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (Code and the applicable laws in the country in which the factory is located. ) Tj ET Q q 0 0 0 rg BT 352.83 113.10 Td (The training provides the factories with a more in-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (depth explanation of our Manufacturer Code.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 80.10 Td (In addition to the contractual obligation, we evaluate our suppliers' compliance with our Manufacturer Code through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 68.10 Td (audits conducted both by our employees and third-party compliance auditing firms. In most cases, the audits are announced. If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 56.10 Td (we believe that a supplier is failing to live up to the standards of our Manufacturer Code, we may terminate the supplier or ) Tj ET Q endstream endobj 23 0 obj <>] /Rotate 0 /Contents 24 0 R>> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (provide the supplier with an opportunity to remedy the non-compliance through the implementation of a corrective action plan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (For those suppliers on a corrective action plan, we will work with the supplier as necessary to help them understand the non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (compliance and provide advice on how to remedy the non-compliance. ) Tj ET Q q 0 0 0 rg BT 335.61 716.10 Td (W) Tj ET Q q 0 0 0 rg BT 344.25 716.10 Td (e conduct a follow-up audit to confirm compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (after the implementation of the corrective action plan. Should the supplier continue to fail to meet our standards, we may seek ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (to eliminate such supplier from our supply chain.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 671.10 Td (Quality Control) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 650.10 Td (Our quality control program attempts to ensure that our products meet the standards established by our product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 638.10 Td (development staf) Tj ET Q q 0 0 0 rg BT 117.91 638.10 Td (f. Samples of products are inspected by us prior to placing orders with factories to ensure compliance with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 626.10 Td (technical design specifications. ) Tj ET Q q 0 0 0 rg BT 176.50 626.10 Td (W) Tj ET Q q 0 0 0 rg BT 185.13 626.10 Td (e also typically inspect "top of production" prototypes of each product before commencing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (production. ) Tj ET Q q 0 0 0 rg BT 97.64 614.10 Td (The operations of our Hong Kong and Chinese factories are monitored on a periodic basis by Fossil East, and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (operations of our Swiss factories are monitored on a periodic basis by Montres ) Tj ET Q q 0 0 0 rg BT 366.38 602.10 Td (Antima SA, one of our foreign operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (subsidiaries. Substantially all of our watches, jewelry and certain of our other accessories are inspected by personnel of Fossil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (East or by the assembly/manufacturing facility prior to shipment to our distribution centers. Final inspections, on a sampling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (basis, occur when the products are received in our distribution centers. ) Tj ET Q q 0 0 0 rg BT 333.95 566.10 Td (W) Tj ET Q q 0 0 0 rg BT 342.59 566.10 Td (e believe that our policy of inspecting our products at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (the assembly/manufacturing facility) Tj ET Q q 0 0 0 rg BT 192.69 554.10 Td (, upon receipt at our distribution facilities and prior to shipment to our customers is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.10 Td (important to maintain the quality) Tj ET Q q 0 0 0 rg BT 180.49 542.10 Td (, consistency and reputation of our products.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.24 521.10 Td (rade) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 500.10 Td (Our warehouse and distribution facilities in ) Tj ET Q q 0 0 0 rg BT 247.89 500.10 Td (T) Tj ET Q q 0 0 0 rg BT 253.30 500.10 Td (exas operate in a special purpose sub-zone established by the U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (Department of Commerce Foreign ) Tj ET Q q 0 0 0 rg BT 189.83 488.10 Td (T) Tj ET Q q 0 0 0 rg BT 195.59 488.10 Td (rade Zone Board. ) Tj ET Q q 0 0 0 rg BT 267.60 488.10 Td (This sub-zone provides the following economic and operational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (advantages to us: \(i\) we do not have to pay duty on imported merchandise until it leaves the sub-zone and enters the U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (market; \(ii\) we do not have to pay any U.S. duty on merchandise if the imported merchandise is subsequently shipped to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (locations outside the U.S.; and \(iii\) we do not have to pay local property tax on inventory located within the sub-zone.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 431.10 Td (Employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 410.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.44 410.10 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.03 410.10 Td (, we employed approximately 10,200 persons, including approximately 6,000 persons employed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.10 Td (by our foreign operating subsidiaries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 377.10 Td (None of our domestic or foreign-based employees are represented by a trade union. However) Tj ET Q q 0 0 0 rg BT 444.24 377.10 Td (, certain European-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (employees are represented by work councils, which include certain of our current employees who negotiate with management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (on behalf of all the employees. ) Tj ET Q q 0 0 0 rg BT 175.11 353.10 Td (W) Tj ET Q q 0 0 0 rg BT 183.75 353.10 Td (e have never experienced a work stoppage and consider our working relationship with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (employees and work councils to be good.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (Item1A.Risk Factors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 299.10 Td (The statements contained in this ) Tj ET Q q 0 0 0 rg BT 204.31 299.10 Td (Annual Report on Form10-K that are not historical facts, including, but not limited to, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.10 Td (statements regarding our expected financial position, results of operations, business and financing plans found in Item1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (Business and Item7. Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 258.50 275.10 Td (Analysis of Financial Condition and Results of Operations, constitute ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (forward-looking statements within the meaning of the Securities Litigation Reform ) Tj ET Q q 0 0 0 rg BT 383.87 263.10 Td (Act of 1995 and involve a number of risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (and uncertainties. Forward-looking statements include statements preceded by) Tj ET Q q 0 0 0 rg BT 362.09 251.10 Td (, followed by or that include the words may) Tj ET Q q 0 0 0 rg BT 540.56 251.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.10 Td (could, would, should, believe, expect, anticipate, plan, seek, might, estimate, tar) Tj ET Q q 0 0 0 rg BT 453.56 239.10 Td (get, project, forecast, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.10 Td (predict, objective, intend, understand, ongoing, continue, or similar expressions and the negative of such words ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.10 Td (and expressions, although not all forward-looking statements contain such words or expressions. ) Tj ET Q q 0 0 0 rg BT 438.13 215.10 Td (These forward-looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.10 Td (statements are based on our current expectations and beliefs concerning future developments and their potential ef) Tj ET Q q 0 0 0 rg BT 506.09 203.10 Td (fect on us. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.10 Td (While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.10 Td (that future developments af) Tj ET Q q 0 0 0 rg BT 159.00 179.10 Td (fecting us will be those that we anticipate. ) Tj ET Q q 0 0 0 rg BT 329.60 179.10 Td (The actual results of the future events described in such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 167.10 Td (forward-looking statements could dif) Tj ET Q q 0 0 0 rg BT 197.89 167.10 Td (fer materially from those stated in such forward-looking statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 146.10 Td (Our actual results may dif) Tj ET Q q 0 0 0 rg BT 177.18 146.10 Td (fer materially due to the risks and uncertainties discussed in this ) Tj ET Q q 0 0 0 rg BT 435.17 146.10 Td (Annual Report on Form10-K, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 134.10 Td (including those discussed below) Tj ET Q q 0 0 0 rg BT 178.00 134.10 Td (. ) Tj ET Q q 0 0 0 rg BT 182.45 134.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 231.79 134.10 Td (, readers of this ) Tj ET Q q 0 0 0 rg BT 295.38 134.10 Td (Annual Report on Form10-K should consider these factors in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 122.10 Td (evaluating, and are cautioned not to place undue reliance on, the forward-looking statements contained herein. ) Tj ET Q q 0 0 0 rg BT 493.04 122.10 Td (W) Tj ET Q q 0 0 0 rg BT 501.68 122.10 Td (e undertake no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.10 Td (obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.10 Td (otherwise, except as required by law) Tj ET Q q 0 0 0 rg BT 194.91 98.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (Risk Factors Relating to Our) Tj ET Q q 0 0 0 rg BT 173.20 77.10 Td ( Business) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 56.10 Td (Our success depends upon our ability to anticipate and respond to changing fashion, functionality and product trends.) Tj ET Q endstream endobj 25 0 obj <>] /Rotate 0 /Contents 26 0 R>> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 742.10 Td (Our success depends upon our ability to anticipate and respond to changing fashion, functionality and product trends and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (consumer preferences in a timely manner) Tj ET Q q 0 0 0 rg BT 214.30 730.10 Td (, especially in the wearable technology market. ) Tj ET Q q 0 0 0 rg BT 404.88 730.10 Td (The purchasing decisions of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (consumers are highly subjective and can be influenced by many factors, such as brand image, marketing programs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (functionality and product design. Our success depends, in part, on our ability to anticipate, gauge and respond to these changing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (consumer preferences in a timely manner while preserving the authenticity and the quality of our brands. ) Tj ET Q q 0 0 0 rg BT 470.75 694.10 Td (Although we attempt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (to stay abreast of emer) Tj ET Q q 0 0 0 rg BT 139.84 682.10 Td (ging lifestyle and fashion trends and technology advances af) Tj ET Q q 0 0 0 rg BT 381.25 682.10 Td (fecting accessories, any failure by us to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (identify and respond to such trends could adversely af) Tj ET Q q 0 0 0 rg BT 265.37 670.10 Td (fect consumer acceptance of our existing brand names and product lines, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (which in turn could result in inventory valuation reserves and adversely af) Tj ET Q q 0 0 0 rg BT 346.17 658.10 Td (fect sales of our products. If we misjudge the market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (for our products, we may be faced with a significant amount of unsold finished goods inventory) Tj ET Q q 0 0 0 rg BT 432.10 646.10 Td (, which could adversely af) Tj ET Q q 0 0 0 rg BT 537.16 646.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (our results of operations. In recent years, we have experienced decreasing net sales across most product categories; in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (particular) Tj ET Q q 0 0 0 rg BT 87.41 622.10 Td (, net sales of watches have declined, reflecting the decline in the traditional watch market partly of) Tj ET Q q 0 0 0 rg BT 480.96 622.10 Td (fset by wearables. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (If we are unable to adjust our product of) Tj ET Q q 0 0 0 rg BT 210.37 610.10 Td (ferings and reverse the decrease in net sales, our results of operations and financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (condition could be adversely af) Tj ET Q q 0 0 0 rg BT 174.83 598.10 Td (fected. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 577.10 Td (Our success depends upon our ability to continue to develop innovative products, including wearable technology) Tj ET Q q 0 0 0 rg BT 511.09 577.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 556.10 Td (Our success depends upon our ability to continue to develop innovative products in the respective markets in which we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.10 Td (compete. ) Tj ET Q q 0 0 0 rg BT 88.19 544.10 Td (W) Tj ET Q q 0 0 0 rg BT 96.83 544.10 Td (earable technology is a growing category of fashion that of) Tj ET Q q 0 0 0 rg BT 332.40 544.10 Td (fers customers new functionality with accessories, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.10 Td (including jewelry and smartwatches. Our ability to respond to consumer preferences for wearable technology will depend in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.10 Td (part on establishing successful partnerships with or acquiring companies that are involved in developing wearable technology) Tj ET Q q 0 0 0 rg BT 551.21 520.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.10 Td (If we are unable to establish such partnerships or make meaningful acquisitions, this could negatively impact our ability to meet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 496.10 Td (customer demands for wearable technology) Tj ET Q q 0 0 0 rg BT 223.23 496.10 Td (. ) Tj ET Q q 0 0 0 rg BT 227.68 496.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 277.58 496.10 Td (, we may be unable to enhance and develop our products to satisfy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.10 Td (consumer demands for wearable technology or we may fail to do so in a timely manner or at competitive prices. ) Tj ET Q q 0 0 0 rg BT 500.01 484.10 Td (W) Tj ET Q q 0 0 0 rg BT 508.65 484.10 Td (e may also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (fail to understand or estimate correctly the dynamics of this new market, such as allowances for sales returns, warranty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.10 Td (liabilities, inventory reserves or the allowance for bad debts attributable to this new product category) Tj ET Q q 0 0 0 rg BT 452.33 460.10 Td (. ) Tj ET Q q 0 0 0 rg BT 457.15 460.10 Td (The process of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.10 Td (developing new products is complex and uncertain, and involves time, substantial costs and risks, which are further magnified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.10 Td (when the development process involves integrating new technology or operating systems. Our inability or the inability of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.10 Td (partners, for technological or other reasons, some of which may be beyond our or our partners' control, to enhance, develop, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.10 Td (manufacture, distribute and monetize wearable technology products in a timely manner) Tj ET Q q 0 0 0 rg BT 398.14 412.10 Td (, or at all, in response to changing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td (consumer preferences for wearable technology) Tj ET Q q 0 0 0 rg BT 235.98 400.10 Td (, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 369.90 400.10 Td (fect on our business, results of operations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.10 Td (financial condition or could result in our products not achieving market acceptance or becoming obsolete. If we are unable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (successfully introduce new products, or if our competitors introduce new or superior products, customers may purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (increasing amounts of products from our competitors, which could adversely af) Tj ET Q q 0 0 0 rg BT 367.29 364.10 Td (fect our sales and results of operations. Further) Tj ET Q q 0 0 0 rg BT 554.61 364.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (it may take time to establish a stable position in the wearable technology category and any initial results should not be taken as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.10 Td (a guarantee of future trends.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 319.10 Td (Any deterioration in the global economic environment, and any resulting declines in consumer confidence and spending, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 307.10 Td (could have an adverse ef) Tj ET Q q 0 0 0 rg BT 150.96 307.10 Td (fect on our operating results and financial condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 286.10 Td (Uncertainty in global markets, slowing economic growth, high levels of unemployment and eroding consumer confidence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (can negatively impact the level of consumer spending for discretionary items. ) Tj ET Q q 0 0 0 rg BT 362.55 274.10 Td (This can af) Tj ET Q q 0 0 0 rg BT 406.79 274.10 Td (fect our business as it is dependent on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (consumer demand for our products. Global economic conditions remain uncertain, and the possibility remains that domestic or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (global economies, or certain industry sectors of those economies that are key to our sales, may slow or deteriorate, which could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (result in a corresponding decrease in demand for our products and negatively impact our results of operations and financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (condition.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 205.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 205.10 Td (e have recently expanded, and intend to further expand, the scope of our product of) Tj ET Q q 0 0 0 rg BT 400.79 205.10 Td (ferings, and new products introduced ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 193.10 Td (by us may not achieve consumer acceptance comparable to that of our existing product lines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 172.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 172.10 Td (e have recently expanded, and intend to further expand, the scope of our product of) Tj ET Q q 0 0 0 rg BT 414.61 172.10 Td (ferings, particularly in the wearable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.10 Td (technology space. ) Tj ET Q q 0 0 0 rg BT 123.09 160.10 Td (As is typical with new products, market acceptance of new designs and products is subject to uncertainty) Tj ET Q q 0 0 0 rg BT 542.04 160.10 Td (. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.10 Td (addition, we generally make decisions regarding product designs and technology development several months in advance of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.10 Td (time when consumer acceptance can be measured. If trends shift away from our products, if our wearable technology becomes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.10 Td (outdated or if we misjudge the market for our product lines, including demand for older generation technology products, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.10 Td (may be faced with significant amounts of unsold inventory or other conditions which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 521.40 112.10 Td (fect on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.10 Td (our financial condition and results of operations. For example, in fiscal 2019, we booked a $38 million inventory valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 88.10 Td (adjustment primarily for excess levels of older generation connected watches.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 67.10 Td (The failure of new product designs or new product lines to gain market acceptance could also adversely af) Tj ET Q q 0 0 0 rg BT 498.44 67.10 Td (fect our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 55.10 Td (business and the image of our brands. ) Tj ET Q q 0 0 0 rg BT 202.25 55.10 Td (Achieving market acceptance for new products or technology may also require ) Tj ET Q endstream endobj 27 0 obj <>] /Rotate 0 /Contents 28 0 R>> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (substantial marketing ef) Tj ET Q q 0 0 0 rg BT 145.40 742.10 Td (forts and expenditures to generate consumer demand. ) Tj ET Q q 0 0 0 rg BT 361.26 742.10 Td (These requirements could strain our management, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (financial and operational resources. If we do not continue to develop innovative products that provide better design, technology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (and performance attributes than the products of our competitors and that are accepted by consumers, or if our future product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (lines misjudge consumer demands, we may lose consumer loyalty) Tj ET Q q 0 0 0 rg BT 312.96 706.10 Td (, which could result in a decline in our sales and market share.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 685.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.69 685.10 Td (arif) Tj ET Q q 0 0 0 rg BT 69.51 685.10 Td (fs or other restrictions placed on imports from China and any retaliatory trade measures taken by China could ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 673.10 Td (materially harm our revenue and results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 652.10 Td (In July and ) Tj ET Q q 0 0 0 rg BT 118.39 652.10 Td (August 2018, the ) Tj ET Q q 0 0 0 rg BT 189.31 652.10 Td (T) Tj ET Q q 0 0 0 rg BT 195.07 652.10 Td (rump ) Tj ET Q q 0 0 0 rg BT 218.13 652.10 Td (Administration imposed 25% ad valorem duties on certain goods comprising an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 640.10 Td (estimated $50 billion of inbound trade from China \(List 1 and List 2\). Certain of our packaging and handbag products were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 626.90 Td (impacted with these additional 25% ad valorem tarif) Tj ET Q q 0 0 0 rg BT 258.97 626.90 Td (fs, based on the first sale export price as imported into the United States.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 549.18 626.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.93 626.90 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 614.90 Td (September 2018, the ) Tj ET Q q 0 0 0 rg BT 134.30 614.90 Td (T) Tj ET Q q 0 0 0 rg BT 140.06 614.90 Td (rump ) Tj ET Q q 0 0 0 rg BT 163.11 614.90 Td (Administration imposed additional tarif) Tj ET Q q 0 0 0 rg BT 321.52 614.90 Td (fs amounting to 10% ad valorem on thousands of categories ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 602.90 Td (of goods covering an estimated $200 billion of inbound trade from China, including certain electronics \(List 3\). On June 15, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.90 Td (2019, the ) Tj ET Q q 0 0 0 rg BT 89.04 590.90 Td (T) Tj ET Q q 0 0 0 rg BT 94.79 590.90 Td (rump ) Tj ET Q q 0 0 0 rg BT 117.85 590.90 Td (Administration increased these tarif) Tj ET Q q 0 0 0 rg BT 260.68 590.90 Td (fs to 25% ad valorem. Certain of our handbag and wallet products were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.90 Td (also impacted with these additional 25% ad valorem tarif) Tj ET Q q 0 0 0 rg BT 277.58 578.90 Td (fs, based on the first sale export price as imported into the United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.90 Td (States. In September 2019, the ) Tj ET Q q 0 0 0 rg BT 174.02 566.90 Td (T) Tj ET Q q 0 0 0 rg BT 179.77 566.90 Td (rump ) Tj ET Q q 0 0 0 rg BT 202.83 566.90 Td (Administration issued a proposal to further increase Lists 1-3 tarif) Tj ET Q q 0 0 0 rg BT 466.75 566.90 Td (fs to 30% ad valorem, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.90 Td (but these increases were postponed indefinitely on October 1) Tj ET Q q 0 0 0 rg BT 292.94 554.90 Td (1, 2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 530.90 Td (In ) Tj ET Q q 0 0 0 rg BT 82.28 530.90 Td (August 2019, the ) Tj ET Q q 0 0 0 rg BT 153.21 530.90 Td (T) Tj ET Q q 0 0 0 rg BT 158.96 530.90 Td (rump ) Tj ET Q q 0 0 0 rg BT 182.02 530.90 Td (Administration announced new 10% ad valorem tarif) Tj ET Q q 0 0 0 rg BT 394.55 530.90 Td (fs that cover the remaining estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.90 Td ($300 billion of inbound trade from China, including smart watches and several of our traditional watch products. ) Tj ET Q q 0 0 0 rg BT 503.38 518.90 Td (The ) Tj ET Q q 0 0 0 rg BT 521.24 518.90 Td (T) Tj ET Q q 0 0 0 rg BT 527.00 518.90 Td (rump ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 506.90 Td (Administration increased these tarif) Tj ET Q q 0 0 0 rg BT 192.33 506.90 Td (fs to 15% ad valorem in a subsequent notice. ) Tj ET Q q 0 0 0 rg BT 373.77 506.90 Td (The 15% ad valorem tarif) Tj ET Q q 0 0 0 rg BT 476.32 506.90 Td (fs went into ef) Tj ET Q q 0 0 0 rg BT 533.63 506.90 Td (fect on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 494.90 Td (September 1, 2019 for some products, including smart watches, certain traditional watches, and certain jewelry products \(List ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 482.90 Td (4A\). Smart watches had received an exemption from List 3 in 2018, but the ) Tj ET Q q 0 0 0 rg BT 358.12 482.90 Td (T) Tj ET Q q 0 0 0 rg BT 363.88 482.90 Td (rump ) Tj ET Q q 0 0 0 rg BT 386.94 482.90 Td (Administration re-included smart watches ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 470.90 Td (as subject to tarif) Tj ET Q q 0 0 0 rg BT 117.91 470.90 Td (fs ef) Tj ET Q q 0 0 0 rg BT 135.22 470.90 Td (fective September 1, 2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 446.90 Td (On December 18, 2019, in anticipation of reaching an agreement with China, the ) Tj ET Q q 0 0 0 rg BT 397.83 446.90 Td (T) Tj ET Q q 0 0 0 rg BT 403.58 446.90 Td (rump ) Tj ET Q q 0 0 0 rg BT 426.64 446.90 Td (Administration postponed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.90 Td (indefinitely the imposition of additional tarif) Tj ET Q q 0 0 0 rg BT 227.89 434.90 Td (fs on the remaining items \(List 4B\). On January 15, 2020, the United States and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 422.90 Td (China signed the Economic and ) Tj ET Q q 0 0 0 rg BT 183.45 422.90 Td (T) Tj ET Q q 0 0 0 rg BT 189.21 422.90 Td (rade ) Tj ET Q q 0 0 0 rg BT 208.36 422.90 Td (Agreement Between the United States of ) Tj ET Q q 0 0 0 rg BT 373.87 422.90 Td (America and the People) Tj ET Q q 0 0 0 rg BT 472.44 422.90 Td (s Republic of China - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 410.90 Td (Phase One. In conjunction with that agreement, the ) Tj ET Q q 0 0 0 rg BT 260.92 410.90 Td (T) Tj ET Q q 0 0 0 rg BT 266.68 410.90 Td (rump ) Tj ET Q q 0 0 0 rg BT 289.73 410.90 Td (Administration announced that it would reduce the List 4A) Tj ET Q q 0 0 0 rg BT 525.24 410.90 Td ( tarif) Tj ET Q q 0 0 0 rg BT 544.22 410.90 Td (fs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.90 Td (from 15% ad valorem to 7.5% ad valorem, ef) Tj ET Q q 0 0 0 rg BT 230.37 398.90 Td (fective February 14, 2020. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 374.90 Td (Following a ruling by U.S. Customs and Border Protection, which is currently being contested, the List 4A) Tj ET Q q 0 0 0 rg BT 499.17 374.90 Td ( tarif) Tj ET Q q 0 0 0 rg BT 518.15 374.90 Td (fs apply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 362.90 Td (broadly to our traditional watches that incorporate a watch movement from China. ) Tj ET Q q 0 0 0 rg BT 381.16 362.90 Td (They also generally apply to China-sourced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.90 Td (cases and bands on watches assembled in China and other countries. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 326.90 Td (It is dif) Tj ET Q q 0 0 0 rg BT 100.71 326.90 Td (ficult to accurately estimate the impact on our business from these tarif) Tj ET Q q 0 0 0 rg BT 384.60 326.90 Td (f actions or similar actions. However) Tj ET Q q 0 0 0 rg BT 531.93 326.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.90 Td (assuming no further of) Tj ET Q q 0 0 0 rg BT 140.13 314.90 Td (fsets from price increases, sourcing changes, or other changes to regulatory rulings, all of which are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.90 Td (currently under review) Tj ET Q q 0 0 0 rg BT 139.92 302.90 Td (, the estimated gross profit exposure from the List 4A) Tj ET Q q 0 0 0 rg BT 353.77 302.90 Td ( tarif) Tj ET Q q 0 0 0 rg BT 372.74 302.90 Td (fs is $9.5 million in fiscal year 2020.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 290.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 278.90 Td (The ) Tj ET Q q 0 0 0 rg BT 89.87 278.90 Td (T) Tj ET Q q 0 0 0 rg BT 95.62 278.90 Td (rump ) Tj ET Q q 0 0 0 rg BT 118.68 278.90 Td (Administration intends to negotiate with China toward a Phase ) Tj ET Q q 0 0 0 rg BT 376.51 278.90 Td (T) Tj ET Q q 0 0 0 rg BT 381.92 278.90 Td (wo agreement, which could lead to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 266.90 Td (lowering or removal of additional tarif) Tj ET Q q 0 0 0 rg BT 203.44 266.90 Td (fs. However) Tj ET Q q 0 0 0 rg BT 251.91 266.90 Td (, if the tarif) Tj ET Q q 0 0 0 rg BT 296.71 266.90 Td (fs continue or increase, we may be required to raise our prices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 254.90 Td (which may result in the loss of customers and harm our operating performance. ) Tj ET Q q 0 0 0 rg BT 368.86 254.90 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 420.96 254.90 Td (, we may seek to shift production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 242.90 Td (outside of China or otherwise change our sourcing strategy for these products, resulting in significant costs and disruption to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 230.90 Td (our operations. Even if the United States further modifies these tarif) Tj ET Q q 0 0 0 rg BT 321.18 230.90 Td (fs, it is always possible that our business will be impacted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 218.90 Td (by retaliatory trade measures taken by China or other countries in response to existing or future tarif) Tj ET Q q 0 0 0 rg BT 449.75 218.90 Td (fs, causing us to raise prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 206.90 Td (or make changes to our operations, any of which could materially harm our revenue or operating results.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 193.70 Td () Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 181.70 Td (U.S. tax legislation enacted in December 2017 may adversely af) Tj ET Q q 0 0 0 rg BT 310.67 181.70 Td (fect our business, results of operations, financial condition ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 169.70 Td (and cash flow) Tj ET Q q 0 0 0 rg BT 106.36 169.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 71.50 148.70 Td (On December 22, 2017, the President signed into law Public Law No. 1) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 358.02 148.70 Td (15-97, commonly referred to as the ) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 501.40 148.70 Td (T) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 506.81 148.70 Td (ax Cuts and ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 49.50 136.70 Td (Jobs ) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 69.23 136.70 Td (Act \(the "T) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 113.71 136.70 Td (ax ) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 125.10 136.70 Td (Act"\), following its passage by the United States Congress. ) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 364.24 136.70 Td (The ) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 382.11 136.70 Td (T) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 387.52 136.70 Td (ax ) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 398.90 136.70 Td (Act made significant changes to U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 49.50 124.70 Td (federal income tax laws, including changing the corporate tax rate to a flat 21% rate, introducing a capital investment deduction ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 49.50 112.70 Td (in certain circumstances, placing certain limitations on the interest deduction, modifying the rules regarding the usability of ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 49.50 100.70 Td (certain net operating losses, and making extensive changes to the U.S. international tax system. ) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 435.61 100.70 Td (The new Global Intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 49.50 88.70 Td (Low-T) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 76.57 88.70 Td (axed Income \(GIL) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 153.94 88.70 Td (TI\) provisions of the ) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 243.19 88.70 Td (T) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 248.60 88.70 Td (ax ) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 259.98 88.70 Td (Act requiring the inclusion of certain foreign earnings in U.S. taxable ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 49.50 76.70 Td (income increased our ef) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 145.11 76.70 Td (fective tax rate in fiscal years 2018 and 2019 and will continue to increase it in future years. ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 49.50 64.70 Td (T) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 54.91 64.70 Td (echnically) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 95.35 64.70 Td (, corporate shareholders of foreign corporations generating GIL) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 348.78 64.70 Td (TI are generally entitled to a 50% deduction against ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 49.50 52.70 Td (such income, lowering the ef) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 165.12 52.70 Td (fective rate of tax from 21% to 10.5%. Furthermore, they are able to recognize a foreign tax credit ) Tj ET Q endstream endobj 29 0 obj <>] /Rotate 0 /Contents 30 0 R>> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 49.50 742.10 Td (for 80% of local taxes paid on GIL) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 188.26 742.10 Td (TI income. ) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 236.95 742.10 Td (Therefore, as long as the foreign group's average ef) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 442.09 742.10 Td (fective rate is 13.125% or ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 49.50 730.10 Td (more, the tax associated with GIL) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 184.09 730.10 Td (TI should be fully of) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 266.68 730.10 Td (fset by foreign tax credits. However) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 412.62 730.10 Td (, when a corporation has a domestic ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 49.50 718.10 Td (source loss, the GIL) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 129.12 718.10 Td (TI absorbs this loss, eliminating any ability to carry the loss forward to of) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 423.33 718.10 Td (fset future income. Our ef) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 529.22 718.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 49.50 706.10 Td (foreign income tax rate is significantly higher than the intended 13.125% threshold. However) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 427.88 706.10 Td (, the GIL) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 463.34 706.10 Td (TI consumed our ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 49.50 694.10 Td (domestic source loss for fiscal years 2018 and 2019, preventing the recognition of a tax benefit on the domestic source loss. ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 49.50 682.10 Td (The impact of the GIL) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 138.55 682.10 Td (TI provision of the ) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 216.13 682.10 Td (T) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 221.54 682.10 Td (ax ) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 232.93 682.10 Td (Act was included in our financial statements for fiscal years 2018 and 2019. ) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 541.82 682.10 Td (W) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 550.46 682.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 49.50 670.10 Td (account for GIL) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 113.00 670.10 Td (TI as incurred under the period cost method. ) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 295.16 670.10 Td (As a result of these new provisions, especially the GIL) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 513.08 670.10 Td (TI, our ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 49.50 658.10 Td (ef) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 57.09 658.10 Td (fective tax rates in fiscal 2018 and 2019 were ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 241.18 658.10 Td (104.7%) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 272.01 658.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 291.45 658.10 Td (\(59.6\)%) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 323.94 658.10 Td (, respectively) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 376.60 658.10 Td (, which substantially exceeded the federal ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 49.50 646.10 Td (statutory rate of 21.0%. ) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 148.46 646.10 Td (The impact of these new rules could be adverse in future years.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 622.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 75.70 622.10 Td (fects of economic cycles, terrorism, acts of war and retail industry conditions may adversely af) Tj ET Q q 0 0 0 rg BT 462.70 622.10 Td (fect our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 601.10 Td (Our business is subject to economic cycles and retail industry conditions. Purchases of discretionary fashion accessories, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 589.10 Td (such as our watches, jewelry) Tj ET Q q 0 0 0 rg BT 163.53 589.10 Td (, handbags, sunglasses and other products, tend to decline during recessionary periods when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 577.10 Td (disposable income is low and consumers are hesitant to use available credit. In addition, acts of terrorism, acts of war and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 565.10 Td (military action both in the U.S. and abroad can have a significant ef) Tj ET Q q 0 0 0 rg BT 319.79 565.10 Td (fect on economic conditions and may negatively af) Tj ET Q q 0 0 0 rg BT 523.70 565.10 Td (fect our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 553.10 Td (ability to procure our products from manufacturers for sale to our customers. ) Tj ET Q q 0 0 0 rg BT 358.58 553.10 Td (Any significant declines in general economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 541.10 Td (conditions, public safety concerns or uncertainties regarding future economic prospects that af) Tj ET Q q 0 0 0 rg BT 426.41 541.10 Td (fect consumer spending habits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 529.10 Td (could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 178.42 529.10 Td (fect on consumer purchases of our products.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 508.10 Td (The loss of any of our license agreements for globally recognized fashion brand names may result in the loss of significant ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 496.10 Td (revenues and may adversely af) Tj ET Q q 0 0 0 rg BT 175.40 496.10 Td (fect our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 475.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 475.10 Td (e have entered into multi-year) Tj ET Q q 0 0 0 rg BT 200.18 475.10 Td (, worldwide exclusive license agreements for the manufacture, distribution and sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 463.10 Td (products bearing the brand names of certain globally recognized fashion brands. ) Tj ET Q q 0 0 0 rg BT 372.54 463.10 Td (W) Tj ET Q q 0 0 0 rg BT 381.18 463.10 Td (e sell products under certain licensed brands, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 451.10 Td (including, but not limited to, ) Tj ET Q q 0 0 0 rg BT 165.89 451.10 Td (ARMANI EXCHANGE, BMW) Tj ET Q q 0 0 0 rg BT 293.02 451.10 Td (, CHAPS, DIESEL, DKNY) Tj ET Q q 0 0 0 rg BT 402.29 451.10 Td (, EMPORIO ) Tj ET Q q 0 0 0 rg BT 454.25 451.10 Td (ARMANI, KA) Tj ET Q q 0 0 0 rg BT 513.14 451.10 Td (TE SP) Tj ET Q q 0 0 0 rg BT 538.06 451.10 Td (ADE ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 439.10 Td (NEW) Tj ET Q q 0 0 0 rg BT 72.09 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.22 439.10 Td (YORK, MICHAEL) Tj ET Q q 0 0 0 rg BT 152.73 439.10 Td ( KORS, PUMA) Tj ET Q q 0 0 0 rg BT 215.25 439.10 Td ( and ) Tj ET Q q 0 0 0 rg BT 234.51 439.10 Td (T) Tj ET Q q 0 0 0 rg BT 240.44 439.10 Td (OR) Tj ET Q q 0 0 0 rg BT 253.78 439.10 Td (Y) Tj ET Q q 0 0 0 rg BT 260.63 439.10 Td ( BURCH. Sales of our licensed products amounted to approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 427.10 Td (45.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.33 427.10 Td ( of our consolidated net sales for fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.21 427.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.21 427.10 Td (, including MICHAEL) Tj ET Q q 0 0 0 rg BT 362.66 427.10 Td ( KORS product sales, which accounted for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 415.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.76 415.10 Td (19.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.59 415.10 Td ( of our consolidated net sales, and product sales under the ) Tj ET Q q 0 0 0 rg BT 368.30 415.10 Td (ARMANI brands, which accounted for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 403.10 Td (approximately 18.3% of our consolidated net sales.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 379.10 Td (Our significant third-party fashion brand license agreements have various expiration dates between the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.57 379.10 Td (2020 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 367.10 Td (2028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 367.10 Td (. In addition, many of these license agreements require us to make minimum royalty payments, subject us to restrictive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 355.10 Td (covenants or require us to comply with certain other obligations and may be terminated by the licensor if these or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 343.10 Td (conditions are not met or upon certain events. For example, our license agreement with MICHAEL) Tj ET Q q 0 0 0 rg BT 445.68 343.10 Td ( KORS provides the licensor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 331.10 Td (with a right to terminate some or all of the licensing rights if we fail to meet certain net sales thresholds for two consecutive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 319.10 Td (years. For fiscal year 2019, we met net sales thresholds for MICHAEL) Tj ET Q q 0 0 0 rg BT 334.61 319.10 Td ( KORS. If we are unable to achieve the minimum net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 307.10 Td (sales thresholds, restrictive covenants and/or other obligations of a license in the future, we would need to seek a waiver of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.10 Td (non-compliance from the applicable licensor or amend the agreement to modify the thresholds, covenants or obligations or face ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.10 Td (the possibility that the licensor could terminate the license agreement before its expiration date. ) Tj ET Q q 0 0 0 rg BT 433.36 283.10 Td (Though waivers may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.10 Td (obtained for non-compliance, we, or the licensor) Tj ET Q q 0 0 0 rg BT 243.47 271.10 Td (, may instead elect to modify or terminate the license agreement. For example, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.10 Td (in 2018, we mutually agreed with MARC JACOBS to an earlier termination date of our license agreement in 2019 from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 247.10 Td (original expiration date at the end of 2020.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 226.10 Td (In addition, we may be unable to renew our existing license agreements beyond the current term or obtain new license ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (agreements to replace any lost license agreements on similar economic terms or at all. ) Tj ET Q q 0 0 0 rg BT 395.58 214.10 Td (The failure by us to maintain or renew ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (one or more of our existing license agreements could result in a significant decrease in our sales and have a material adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 190.10 Td (fect on our results of operations. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 169.10 Td (The loss of our license for Google) Tj ET Q q 0 0 0 rg BT 191.53 169.10 Td (s ) Tj ET Q q 0 0 0 rg BT 197.74 169.10 Td (WEAR OS operating system may result in the loss of significant revenues and may ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 157.10 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.46 157.10 Td (fect our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 133.10 Td (Our full display smartwatches use Google) Tj ET Q q 0 0 0 rg BT 242.80 133.10 Td (s ) Tj ET Q q 0 0 0 rg BT 249.01 133.10 Td (WEAR OS operating system. ) Tj ET Q q 0 0 0 rg BT 369.09 133.10 Td (W) Tj ET Q q 0 0 0 rg BT 377.73 133.10 Td (e have a current license for ) Tj ET Q q 0 0 0 rg BT 488.04 133.10 Td (WEAR OS that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.10 Td (expires on May 1, 2020. ) Tj ET Q q 0 0 0 rg BT 149.03 121.10 Td (W) Tj ET Q q 0 0 0 rg BT 157.66 121.10 Td (e are currently negotiating with Google on the renewal of our ) Tj ET Q q 0 0 0 rg BT 405.45 121.10 Td (WEAR OS license. Sales of our full ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.10 Td (display smartwatches running the ) Tj ET Q q 0 0 0 rg BT 185.96 109.10 Td (WEAR OS operating system amounted to approximately 12.6% of our consolidated net sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.10 Td (for fiscal year 2019. ) Tj ET Q q 0 0 0 rg BT 134.84 97.10 Td (W) Tj ET Q q 0 0 0 rg BT 143.48 97.10 Td (e may be unable to renew our existing license for ) Tj ET Q q 0 0 0 rg BT 342.67 97.10 Td (WEAR OS beyond the current term. ) Tj ET Q q 0 0 0 rg BT 490.51 97.10 Td (The failure by us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.10 Td (to maintain or renew our license for ) Tj ET Q q 0 0 0 rg BT 195.10 85.10 Td (WEAR OS could result in us being unable to produce and market full display ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.10 Td (smartwatches, which could result in a significant decrease in our sales and have a material adverse ef) Tj ET Q q 0 0 0 rg BT 453.32 73.10 Td (fect on our results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 61.10 Td (operations.) Tj ET Q endstream endobj 31 0 obj <>] /Rotate 0 /Contents 32 0 R>> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 721.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 69.83 721.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 127.95 721.10 Td (program ) Tj ET Q q 0 0 0 rg BT 167.16 721.10 Td (may ) Tj ET Q q 0 0 0 rg BT 188.03 721.10 Td (not ) Tj ET Q q 0 0 0 rg BT 205.02 721.10 Td (be ) Tj ET Q q 0 0 0 rg BT 218.12 721.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 263.99 721.10 Td (or ) Tj ET Q q 0 0 0 rg BT 276.54 721.10 Td (we ) Tj ET Q q 0 0 0 rg BT 291.30 721.10 Td (may ) Tj ET Q q 0 0 0 rg BT 312.17 721.10 Td (not ) Tj ET Q q 0 0 0 rg BT 329.16 721.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 351.71 721.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 382.58 721.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.01 721.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 438.19 721.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 457.96 721.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 492.17 721.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 523.06 721.10 Td (operating ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 709.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 709.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 98.46 709.10 Td (from ) Tj ET Q q 0 0 0 rg BT 120.96 709.10 Td (our ) Tj ET Q q 0 0 0 rg BT 137.91 709.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 194.88 709.10 Td (plans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 685.10 Td (As we announced in the fourth quarter of fiscal 2016, we have implemented, and plan to continue to implement, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 673.10 Td (restructuring plan to reinvent the Company) Tj ET Q q 0 0 0 rg BT 221.31 673.10 Td (, strengthen the foundation of the Company for the future and support long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 661.10 Td (sales growth and profitability objectives. ) Tj ET Q q 0 0 0 rg BT 217.34 661.10 Td (The program is intended to touch all aspects of the business, enhance operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 649.10 Td (capabilities, create greater ef) Tj ET Q q 0 0 0 rg BT 164.24 649.10 Td (ficiencies and take advantage of the Company's considerable scale. During fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.91 649.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.91 649.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.91 649.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.91 649.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 637.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.44 637.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.44 637.10 Td (, we recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.07 637.10 Td ($29.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.97 637.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.97 637.10 Td ($46.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.86 637.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.30 637.10 Td ($48.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.19 637.10 Td ( of restructuring char) Tj ET Q q 0 0 0 rg BT 413.14 637.10 Td (ges, respectively) Tj ET Q q 0 0 0 rg BT 479.13 637.10 Td (. Restructuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 625.10 Td (plans present significant potential risks that may impair our ability to achieve anticipated operating enhancements and/or cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 613.10 Td (reductions, or otherwise harm our business, including higher than anticipated costs in implementing our restructuring plan, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 601.10 Td (management distraction and employee attrition in excess of headcount reductions. If this program is not successful, then our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 589.10 Td (results of operations and financial condition could be materially adversely af) Tj ET Q q 0 0 0 rg BT 355.88 589.10 Td (fected.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 565.10 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.97 565.10 Td (Credit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.91 565.10 Td (Agreements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.59 565.10 Td (subject ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.27 565.10 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.52 565.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.09 565.10 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.77 565.10 Td (covenants, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.17 565.10 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.98 565.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.99 565.10 Td (restrict ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.67 565.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.92 565.10 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.26 565.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.83 565.10 Td (operate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.18 565.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.42 565.10 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.23 565.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.59 565.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.16 565.10 Td (pursue ) Tj ET Q BT /F5 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 553.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.25 553.10 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.57 553.10 Td (strategies. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.25 553.10 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.22 553.10 Td (failure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.30 553.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.38 553.10 Td (comply ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.11 553.10 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.20 553.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.28 553.10 Td (covenants ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.68 553.10 Td (contained ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.54 553.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.18 553.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.25 553.10 Td (Credit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.77 553.10 Td (Agreements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.95 553.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.14 553.10 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.44 553.10 Td (agreement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.07 553.10 Td (under ) Tj ET Q BT /F5 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 541.10 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.69 541.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.97 541.10 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.59 541.10 Td (incurred ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.32 541.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.17 541.10 Td (indebtedness, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.62 541.10 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.26 541.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.33 541.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.50 541.10 Td (result ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.02 541.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.52 541.10 Td (events ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.25 541.10 Td (beyond ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.86 541.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.49 541.10 Td (control, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.62 541.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.57 541.10 Td (result ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.09 541.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.60 541.10 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.34 541.10 Td (event ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.17 541.10 Td (of ) Tj ET Q BT /F5 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 529.10 Td (default ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.89 529.10 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.40 529.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.67 529.10 Td (materially ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.83 529.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.90 529.10 Td (adversely ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.71 529.10 Td (af) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.86 529.10 Td (fect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.35 529.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.30 529.10 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.25 529.10 Td (results ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.98 529.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.04 529.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.99 529.10 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.72 529.10 Td (condition.) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 505.10 Td (On ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.35 505.10 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.25 505.10 Td (26, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.88 505.10 Td (2019, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.51 505.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.86 505.10 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.88 505.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.45 505.10 Td (Fossil ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.49 505.10 Td (Partners ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.39 505.10 Td (L.P) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.45 505.10 Td (., ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.58 505.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.04 505.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.39 505.10 Td (U.S. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.31 505.10 Td (borrowers, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.48 505.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.05 505.10 Td (Fossil ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.09 505.10 Td (Group ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.77 505.10 Td (Europe ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.78 505.10 Td (GmbH, ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 493.10 Td (Fossil ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.72 493.10 Td (Asia ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.74 493.10 Td (Pacific ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.19 493.10 Td (Limited, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.04 493.10 Td (Fossil ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.63 493.10 Td (\(Europe\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.86 493.10 Td (GmbH, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.27 493.10 Td (Fossil ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.86 493.10 Td (\(UK\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.65 493.10 Td (Limited ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.00 493.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.13 493.10 Td (Fossil ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.72 493.10 Td (Canada ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.40 493.10 Td (Inc., ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.85 493.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.87 493.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.78 493.10 Td (non-U.S. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.58 493.10 Td (borrowers, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.31 493.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 481.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.75 481.10 Td (subsidiaries ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.67 481.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.70 481.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.61 481.10 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.20 481.10 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.34 481.10 Td (time ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.81 481.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.29 481.10 Td (time ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.77 481.10 Td (party ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.01 481.10 Td (thereto ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.48 481.10 Td (designated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.94 481.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.97 481.10 Td (borrowers, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.72 481.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.86 481.10 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.76 481.10 Td (subsidiaries ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.68 481.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.71 481.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.62 481.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 469.10 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.65 469.10 Td (time ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.13 469.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.61 469.10 Td (time ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.09 469.10 Td (party ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.35 469.10 Td (thereto ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.82 469.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.86 469.10 Td (guarantors, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.27 469.10 Td (entered ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.40 469.10 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.67 469.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.81 469.10 Td ($275.0 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.02 469.10 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.62 469.10 Td (secured ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.86 469.10 Td (asset-based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.11 469.10 Td (revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.14 469.10 Td (credit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.61 469.10 Td (agreement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.96 469.10 Td (\(the ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 457.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.99 457.10 Td (Facility\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.70 457.10 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.87 457.10 Td (JPMor) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.36 457.10 Td (gan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.19 457.10 Td (Chase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.02 457.10 Td (Bank, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.01 457.10 Td (N.A. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.85 457.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.56 457.10 Td (administrative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.16 457.10 Td (agent, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.70 457.10 Td (J.P) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.55 457.10 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.44 457.10 Td (Mor) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.48 457.10 Td (gan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.56 457.10 Td (AG, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.89 457.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.61 457.10 Td (French ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.77 457.10 Td (collateral ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.35 457.10 Td (agent, ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 445.10 Td (JPMor) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.99 445.10 Td (gan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.40 445.10 Td (Chase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.80 445.10 Td (Bank, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.38 445.10 Td (N.A., ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.28 445.10 Td (Citizens ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.02 445.10 Td (Bank, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.60 445.10 Td (N.A. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.01 445.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.27 445.10 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.90 445.10 Td (ells ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.76 445.10 Td (Far) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.91 445.10 Td (go ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.87 445.10 Td (Bank, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.45 445.10 Td (National ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.41 445.10 Td (Association ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.59 445.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.89 445.10 Td (joint ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.19 445.10 Td (bookrunners ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.14 445.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.55 445.10 Td (joint ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.85 445.10 Td (lead ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 433.10 Td (arrangers, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.47 433.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.18 433.10 Td (Citizens ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.23 433.10 Td (Bank, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.11 433.10 Td (N.A. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.83 433.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.37 433.10 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.01 433.10 Td (ells ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.17 433.10 Td (Far) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.32 433.10 Td (go ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.59 433.10 Td (Bank, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.47 433.10 Td (National ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.68 433.10 Td (Association, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.67 433.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.27 433.10 Td (co-syndication ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.42 433.10 Td (agents ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.24 433.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.95 433.10 Td (each ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.54 433.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.14 433.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.63 433.10 Td (lenders ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 421.10 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.90 421.10 Td (time ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.64 421.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.38 421.10 Td (time ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.12 421.10 Td (party ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.63 421.10 Td (thereto. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.85 421.10 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.81 421.10 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.11 421.10 Td (addition, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.34 421.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.31 421.10 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.03 421.10 Td (26, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.50 421.10 Td (2019, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.96 421.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.14 421.10 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.38 421.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.84 421.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.13 421.10 Td (borrower) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.38 421.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.84 421.10 Td (entered ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.23 421.10 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.75 421.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.15 421.10 Td ($200.0 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.62 421.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 409.10 Td (secured ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.96 409.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.37 409.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.98 409.10 Td (Credit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.59 409.10 Td (Agreement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.08 409.10 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.93 409.10 Td (JPMor) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.43 409.10 Td (gan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.93 409.10 Td (Chase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.44 409.10 Td (Bank, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.12 409.10 Td (N.A. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.63 409.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.03 409.10 Td (administrative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.31 409.10 Td (agent, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.53 409.10 Td (JPMor) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.03 409.10 Td (gan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.53 409.10 Td (Chase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.04 409.10 Td (Bank, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.72 409.10 Td (N.A., ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.73 409.10 Td (Citizens ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 397.10 Td (Bank, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.65 397.10 Td (National ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.06 397.10 Td (Association ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.82 397.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.61 397.10 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.25 397.10 Td (ells ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.67 397.10 Td (Far) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.82 397.10 Td (go ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.36 397.10 Td (Securities, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.83 397.10 Td (LLC, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.76 397.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.63 397.10 Td (joint ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.50 397.10 Td (bookrunners ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.03 397.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.01 397.10 Td (joint ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.88 397.10 Td (lead ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.08 397.10 Td (arrangers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.81 397.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.79 397.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.55 397.10 Td (lenders ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.96 397.10 Td (party ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 385.10 Td (thereto, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.36 385.10 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.39 385.10 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.53 385.10 Td (amended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.22 385.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.81 385.10 Td (February ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.50 385.10 Td (20, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.60 385.10 Td (2020, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.69 385.10 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.28 385.10 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.87 385.10 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.09 385.10 Td (Amendment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.12 385.10 Td (No. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.43 385.10 Td (1 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.03 385.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.21 385.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.62 385.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.76 385.10 Td (Credit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.77 385.10 Td (Agreement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.79 385.10 Td (\(as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.04 385.10 Td (amended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.73 385.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 373.10 Td (date, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.16 373.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.87 373.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.72 373.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.77 373.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.81 373.10 Td (Facility\).) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 349.10 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.36 349.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.85 349.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.22 349.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.27 349.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.68 349.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.04 349.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.41 349.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.78 349.10 Td (impose, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.98 349.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.24 349.10 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.93 349.10 Td (financing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.51 349.10 Td (agreements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.86 349.10 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.89 349.10 Td (likely ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.48 349.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.07 349.10 Td (impose, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.28 349.10 Td (af) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.86 349.10 Td (firmative ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 337.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.44 337.10 Td (negative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.81 337.10 Td (covenants ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.30 337.10 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.79 337.10 Td (restrict ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.05 337.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.88 337.10 Td (activities. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.80 337.10 Td (These ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.18 337.10 Td (restrictions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.11 337.10 Td (limit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.50 337.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.33 337.10 Td (prohibit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.50 337.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.33 337.10 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.38 337.10 Td (to, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.16 337.10 Td (among ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.88 337.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.92 337.10 Td (things:) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 325.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 325.10 Td (incur ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.55 325.10 Td (additional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.04 325.10 Td (indebtedness ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.19 325.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.02 325.10 Td (issue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.52 325.10 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.22 325.10 Td (types ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.83 325.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.66 325.10 Td (stock;) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 313.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 313.10 Td (pay ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.44 313.10 Td (dividends ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.83 313.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.66 313.10 Td (make ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.81 313.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.86 313.10 Td (distributions, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.86 313.10 Td (repurchase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.67 313.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.50 313.10 Td (redeem ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.42 313.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.25 313.10 Td (stock;) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 301.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 301.10 Td (make ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.66 301.10 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.36 301.10 Td (investments;) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 289.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 289.10 Td (prepay) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.06 289.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.06 289.10 Td (redeem, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.48 289.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.31 289.10 Td (repurchase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.12 289.10 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.82 289.10 Td (debt;) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 277.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 277.10 Td (sell ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.89 277.10 Td (assets ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.72 277.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.66 277.10 Td (issue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.16 277.10 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.31 277.10 Td (stock ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.91 277.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.74 277.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.57 277.10 Td (restricted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.28 277.10 Td (subsidiaries;) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 265.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 265.10 Td (incur ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.55 265.10 Td (liens;) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 253.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 253.10 Td (enter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.01 253.10 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.10 253.10 Td (agreements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.15 253.10 Td (restricting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.22 253.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.08 253.10 Td (restricted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.81 253.10 Td (subsidiaries) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.61 253.10 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.14 253.10 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.22 253.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.52 253.10 Td (pay ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.49 253.10 Td (dividends, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.40 253.10 Td (make ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.59 253.10 Td (loans ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.22 253.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.53 253.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.60 253.10 Td (Fossil ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 565.00 253.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 241.10 Td (entities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.88 241.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.71 241.10 Td (restrict ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.98 241.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.69 241.10 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.74 241.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.02 241.10 Td (incur ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.07 241.10 Td (liens;) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 229.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 229.10 Td (enter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.99 229.10 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.04 229.10 Td (transactions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.31 229.10 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.58 229.10 Td (af) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.17 229.10 Td (filiates; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.66 229.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 217.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 217.10 Td (consolidate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.54 217.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.37 217.10 Td (mer) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.74 217.10 Td (ge.) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 193.10 Td (These ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.22 193.10 Td (restrictions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.01 193.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.35 193.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.03 193.10 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.93 193.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.06 193.10 Td (operate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.83 193.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.51 193.10 Td (business, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.25 193.10 Td (along ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.81 193.10 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.94 193.10 Td (restrictions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.72 193.10 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.06 193.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.62 193.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.41 193.10 Td (contained ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.63 193.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.76 193.10 Td (agreements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.64 193.10 Td (evidencing ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 181.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.65 181.10 Td (governing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.01 181.10 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.70 181.10 Td (indebtedness, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.67 181.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.71 181.10 Td (seriously ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.63 181.10 Td (harm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.00 181.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.14 181.10 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.85 181.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.11 181.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.25 181.10 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.62 181.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.21 181.10 Td (grow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.58 181.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.18 181.10 Td (accordance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.96 181.10 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.55 181.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.70 181.10 Td (growth ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.84 181.10 Td (strategy ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 169.10 Td (by) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.85 169.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.67 169.10 Td (among ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.21 169.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.08 169.10 Td (things, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.35 169.10 Td (limiting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.34 169.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.99 169.10 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.87 169.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.97 169.10 Td (take ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.94 169.10 Td (advantage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.80 169.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.45 169.10 Td (mer) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.82 169.10 Td (ger ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.91 169.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.67 169.10 Td (acquisition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.87 169.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.63 169.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.50 169.10 Td (corporate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.57 169.10 Td (opportunities. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.17 169.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 157.10 Td (addition, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.62 157.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.68 157.10 Td (limitations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.31 157.10 Td (imposed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.04 157.10 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.88 157.10 Td (financing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.49 157.10 Td (agreements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.87 157.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.72 157.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.89 157.10 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.29 157.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.91 157.10 Td (incur ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.31 157.10 Td (additional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.14 157.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.21 157.10 Td (might ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.39 157.10 Td (significantly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.22 157.10 Td (impair ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.17 157.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 145.10 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.55 145.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.83 145.10 Td (obtain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.33 145.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.37 145.10 Td (financing.) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 121.10 Td (As ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.61 121.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.55 121.10 Td (result ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.27 121.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.10 121.10 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.15 121.10 Td (restrictions, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.58 121.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.74 121.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.46 121.10 Td (be:) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 109.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 109.10 Td (limited ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.33 109.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.61 109.10 Td (how ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.33 109.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.49 109.10 Td (conduct ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.65 109.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.48 109.10 Td (business;) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 97.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 97.10 Td (unable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.66 97.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.93 97.10 Td (raise ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.31 97.10 Td (additional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.80 97.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.52 97.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.35 97.10 Td (equity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.84 97.10 Td (financing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.11 97.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.38 97.10 Td (operate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.31 97.10 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.92 97.10 Td (general ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.84 97.10 Td (economic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.21 97.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.04 97.10 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.43 97.10 Td (downturns; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.93 97.10 Td (or) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 85.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 85.10 Td (unable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.66 85.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.93 85.10 Td (compete ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.31 85.10 Td (ef) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.89 85.10 Td (fectively ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.37 85.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.20 85.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.48 85.10 Td (take ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.64 85.10 Td (advantage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.67 85.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.50 85.10 Td (new ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.66 85.10 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.05 85.10 Td (opportunities.) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 61.10 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.26 61.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.65 61.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.92 61.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.95 61.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.36 61.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.62 61.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.89 61.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.16 61.10 Td (also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.98 61.10 Td (require ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.02 61.10 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.63 61.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.12 61.10 Td (maintain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.83 61.10 Td (specified ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.64 61.10 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.34 61.10 Td (ratios ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.27 61.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.43 61.10 Td (satisfy ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.26 61.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.52 61.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 49.10 Td (condition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.77 49.10 Td (tests ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.05 49.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.33 49.10 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.03 49.10 Td (circumstances.) Tj ET Q endstream endobj 33 0 obj <>] /Rotate 0 /Contents 34 0 R>> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 730.10 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.99 730.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.09 730.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.08 730.10 Td (contains ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.84 730.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.72 730.10 Td (fixed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.71 730.10 Td (char) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.73 730.10 Td (ge ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.61 730.10 Td (coverage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.13 730.10 Td (ratio ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.90 730.10 Td (covenant ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.43 730.10 Td (if ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.98 730.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.99 730.10 Td (A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.47 730.10 Td (vailability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.45 730.10 Td (\(as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.55 730.10 Td (defined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.98 730.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.19 730.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.85 730.10 Td (Revolving ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 718.10 Td (Facility\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.19 718.10 Td (falls ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.22 718.10 Td (below ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.48 718.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.73 718.10 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.74 718.10 Td (threshold. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.14 718.10 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.37 718.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.78 718.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.14 718.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.50 718.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.86 718.10 Td (contains ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.00 718.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.25 718.10 Td (total ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.84 718.10 Td (leverage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.52 718.10 Td (ratio ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.65 718.10 Td (covenant ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.56 718.10 Td (requiring ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.03 718.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.06 718.10 Td (total ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.65 718.10 Td (leverage ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 706.10 Td (ratio ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.17 706.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.29 706.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.07 706.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.19 706.10 Td (greater ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.28 706.10 Td (than ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.84 706.10 Td (2.75 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.68 706.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.80 706.10 Td (1.00 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.64 706.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.31 706.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.98 706.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.54 706.10 Td (last ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.77 706.10 Td (day ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.55 706.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.22 706.10 Td (each ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.88 706.10 Td (fiscal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.87 706.10 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.53 706.10 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.98 706.10 Td (2020, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.82 706.10 Td (2.25 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.66 706.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.78 706.10 Td (1.00 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.62 706.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.30 706.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.97 706.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.53 706.10 Td (last ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.75 706.10 Td (day ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.53 706.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.20 706.10 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 694.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.71 694.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.80 694.10 Td (first ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.79 694.10 Td (three ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.65 694.10 Td (fiscal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.18 694.10 Td (quarters ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.27 694.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.48 694.10 Td (2021, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.85 694.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.17 694.10 Td (1.50 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.55 694.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.20 694.10 Td (1.00 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.58 694.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.79 694.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.99 694.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.09 694.10 Td (last ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.85 694.10 Td (day ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.17 694.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.38 694.10 Td (each ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.57 694.10 Td (subsequent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.88 694.10 Td (fiscal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.42 694.10 Td (quarter) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.18 694.10 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.42 694.10 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.71 694.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.12 694.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.55 694.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.97 694.10 Td (Facility ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 682.10 Td (also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.15 682.10 Td (requires ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.90 682.10 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.44 682.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.19 682.10 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.62 682.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.94 682.10 Td (permit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.59 682.10 Td (Liquidity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.35 682.10 Td (\(as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.55 682.10 Td (defined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.08 682.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.40 682.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.97 682.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.38 682.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.47 682.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.56 682.10 Td (Facility\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.98 682.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.85 682.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.73 682.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.48 682.10 Td (last ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.91 682.10 Td (day ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.89 682.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.76 682.10 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.74 682.10 Td (fiscal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.94 682.10 Td (month ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 670.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.22 670.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.59 670.10 Td (less ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.53 670.10 Td (than ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.68 670.10 Td ($150.0 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.12 670.10 Td (million. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.45 670.10 Td (See ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.83 670.10 Td (Item ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.09 670.10 Td (7. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.53 670.10 Td (Management) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.95 670.10 Td (s ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.77 670.10 Td (Discussion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.60 670.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.11 670.10 Td (Analysis ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.05 670.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.32 670.10 Td (Financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.46 670.10 Td (Condition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.41 670.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.78 670.10 Td (Results ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.17 670.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 658.10 Td (Operations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.83 658.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.62 658.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.85 658.10 Td (heading ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.52 658.10 Td (Debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.41 658.10 Td (Facilities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.53 658.10 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.20 658.10 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.66 658.10 Td (additional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.66 658.10 Td (discussion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.35 658.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.69 658.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.92 658.10 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.92 658.10 Td (covenants ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.92 658.10 Td (contained ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.81 658.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.60 658.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.84 658.10 Td (Revolving ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 646.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.55 646.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.31 646.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.72 646.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.77 646.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.81 646.10 Td (Facility) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.72 646.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 622.10 Td (V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.11 622.10 Td (arious ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.06 622.10 Td (risks, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.97 622.10 Td (uncertainties ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.57 622.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.52 622.10 Td (events ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.57 622.10 Td (beyond ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.52 622.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.36 622.10 Td (control ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.20 622.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.93 622.10 Td (af) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.52 622.10 Td (fect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.01 622.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.85 622.10 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.92 622.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.21 622.10 Td (comply ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.71 622.10 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.00 622.10 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.06 622.10 Td (covenants ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.56 622.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.51 622.10 Td (maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 610.10 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.59 610.10 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.12 610.10 Td (tests. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.94 610.10 Td (Failure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.81 610.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.13 610.10 Td (comply ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.67 610.10 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.99 610.10 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.97 610.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.85 610.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.61 610.10 Td (covenants ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.14 610.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.46 610.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.33 610.10 Td (existing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.54 610.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.42 610.10 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.84 610.10 Td (financing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.14 610.10 Td (agreements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.22 610.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.98 610.10 Td (result ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.74 610.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 558.06 610.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 598.10 Td (default ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.98 598.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.46 598.10 Td (those ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.28 598.10 Td (agreements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.53 598.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.68 598.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.16 598.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.42 598.10 Td (agreements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.67 598.10 Td (containing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.60 598.10 Td (cross-default ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.96 598.10 Td (provisions. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.24 598.10 Td (A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.91 598.10 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.62 598.10 Td (default ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.10 598.10 Td (would ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.81 598.10 Td (permit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.63 598.10 Td (lenders ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 586.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.94 586.10 Td (accelerate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.56 586.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.44 586.10 Td (maturity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.99 586.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.98 586.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.86 586.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.74 586.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.17 586.10 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.38 586.10 Td (agreements. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.08 586.10 Td (Under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.73 586.10 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.94 586.10 Td (circumstances, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.75 586.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.07 586.10 Td (might ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.07 586.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.51 586.10 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.05 586.10 Td (suf) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.09 586.10 Td (ficient ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.30 586.10 Td (funds ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.19 586.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 574.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.04 574.10 Td (resources ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.79 574.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.55 574.10 Td (satisfy ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.65 574.10 Td (all ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.64 574.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.96 574.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.28 574.10 Td (obligations. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.99 574.10 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.63 574.10 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.06 574.10 Td (cannot ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.70 574.10 Td (assure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.68 574.10 Td (you ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.67 574.10 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.66 574.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.31 574.10 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.85 574.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.28 574.10 Td (granted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.26 574.10 Td (waivers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.35 574.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.67 574.10 Td (amendments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.20 574.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.97 574.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 562.10 Td (agreements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.23 562.10 Td (if ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.53 562.10 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.38 562.10 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.01 562.10 Td (reason ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.31 562.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.16 562.10 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.56 562.10 Td (unable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.41 562.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.38 562.10 Td (comply ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.57 562.10 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.54 562.10 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.29 562.10 Td (agreements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.01 562.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.54 562.10 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.72 562.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.58 562.10 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.33 562.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.96 562.10 Td (able ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.81 562.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.78 562.10 Td (refinance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.17 562.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.69 562.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.10 562.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.30 562.10 Td (terms ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 550.10 Td (acceptable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.32 550.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.73 550.10 Td (us, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.75 550.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.71 550.10 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.56 550.10 Td (all. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.68 550.10 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.65 550.10 Td (addition, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.55 550.10 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.62 550.10 Td (event ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.91 550.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.87 550.10 Td (default ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.26 550.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.66 550.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.51 550.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.80 550.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.99 550.10 Td (would ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.62 550.10 Td (permit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.35 550.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.20 550.10 Td (lenders ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.71 550.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.12 550.10 Td (terminate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 552.51 550.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 538.10 Td (commitments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.99 538.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.82 538.10 Td (extend ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.52 538.10 Td (further ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.78 538.10 Td (credit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.59 538.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.41 538.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.67 538.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.39 538.10 Td (Facility) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.29 538.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.84 538.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.33 538.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.81 538.10 Td (payment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.30 538.10 Td (default ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.11 538.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.93 538.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.19 538.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.91 538.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.51 538.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 526.10 Td (trigger ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.29 526.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.86 526.10 Td (cross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.55 526.10 Td (default ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.44 526.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.35 526.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.47 526.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.88 526.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.56 526.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.24 526.10 Td (Facility) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.14 526.10 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.78 526.10 Td (Furthermore, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.40 526.10 Td (both ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.31 526.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.66 526.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.46 526.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.14 526.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.72 526.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.84 526.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.25 526.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.93 526.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.61 526.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 550.30 526.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 514.10 Td (secured ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.93 514.10 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.83 514.10 Td (liens ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.61 514.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.50 514.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.73 514.10 Td (assets. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.45 514.10 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.35 514.10 Td (If ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.90 514.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.46 514.10 Td (were ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.78 514.10 Td (unable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.33 514.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.00 514.10 Td (repay ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.10 514.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.21 514.10 Td (amounts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.00 514.10 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.33 514.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.66 514.10 Td (payable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.65 514.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.31 514.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.54 514.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.10 514.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.54 514.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.56 514.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.97 514.10 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.55 502.10 Td (Facility) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.45 502.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.45 502.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.17 502.10 Td (applicable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.75 502.10 Td (lenders ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.13 502.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.85 502.10 Td (proceed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.99 502.10 Td (against ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.82 502.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.54 502.10 Td (collateral ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.23 502.10 Td (granted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.72 502.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.00 502.10 Td (them ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.49 502.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.77 502.10 Td (secure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.81 502.10 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.30 502.10 Td (indebtedness.) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 478.10 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.57 478.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.25 478.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.82 478.10 Td (provides ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.28 478.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.51 478.10 Td (lenders ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.41 478.10 Td (considerable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.96 478.10 Td (discretion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.41 478.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.21 478.10 Td (impose ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.12 478.10 Td (reserves ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.90 478.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.24 478.10 Td (availability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.25 478.10 Td (blocks ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.38 478.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.73 478.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.52 478.10 Td (determine ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 466.10 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.22 466.10 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.14 466.10 Td (assets ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.20 466.10 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.13 466.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.63 466.10 Td (eligible ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.34 466.10 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.73 466.10 Td (inclusion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.12 466.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.62 466.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.67 466.10 Td (borrowing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.06 466.10 Td (base, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.05 466.10 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.21 466.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.15 466.10 Td (materially ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.41 466.10 Td (impair ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.24 466.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.18 466.10 Td (amount ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.90 466.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.95 466.10 Td (borrowings ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 454.10 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.65 454.10 Td (would ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.81 454.10 Td (otherwise ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.85 454.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.44 454.10 Td (available ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.69 454.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.63 454.10 Td (us. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.02 454.10 Td (There ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.49 454.10 Td (can ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.53 454.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.13 454.10 Td (no ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.28 454.10 Td (assurance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.31 454.10 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.46 454.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.84 454.10 Td (lenders ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.87 454.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.80 454.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.18 454.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.00 454.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.71 454.10 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.42 454.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.36 454.10 Td (take ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.17 454.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 442.10 Td (actions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.45 442.10 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.18 442.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.02 442.10 Td (term ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.97 442.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.92 442.10 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.54 442.10 Td (facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.49 442.10 Td (and, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.05 442.10 Td (further) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.85 442.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.98 442.10 Td (were ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.03 442.10 Td (they ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.87 442.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.27 442.10 Td (do ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.90 442.10 Td (so, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.91 442.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.75 442.10 Td (resulting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.37 442.10 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.21 442.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.16 442.10 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.11 442.10 Td (actions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.06 442.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.90 442.10 Td (materially ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.06 442.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 430.10 Td (adversely ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.32 430.10 Td (impair ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.92 430.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.75 430.10 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.80 430.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.08 430.10 Td (meet ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.01 430.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.84 430.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.89 430.10 Td (obligations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.83 430.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.66 430.10 Td (they ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.38 430.10 Td (become ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.97 430.10 Td (due, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.41 430.10 Td (among ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.13 430.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.18 430.10 Td (matters.) Tj ET Q BT /F5 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 406.10 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.76 406.10 Td (amount ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.59 406.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.07 406.10 Td (borrowings ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.90 406.10 Td (permitted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.93 406.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.54 406.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.14 406.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.39 406.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.20 406.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.57 406.10 Td (fluctuate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.39 406.10 Td (significantly) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.13 406.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.78 406.10 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.94 406.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.30 406.10 Td (adversely ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.77 406.10 Td (af) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.92 406.10 Td (fect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.05 406.10 Td (our ) Tj ET Q BT /F5 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 394.10 Td (liquidity) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.02 394.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.02 394.10 Td (results ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.75 394.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.58 394.10 Td (operations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.42 394.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.48 394.10 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.21 394.10 Td (position.) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 370.10 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.04 370.10 Td (amount ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.53 370.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.35 370.10 Td (borrowings ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.40 370.10 Td (permitted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.21 370.10 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.93 370.10 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.86 370.10 Td (time ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.13 370.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.39 370.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.21 370.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.37 370.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.42 370.10 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.58 370.10 Td (limited ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.41 370.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.68 370.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.61 370.10 Td (periodic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.87 370.10 Td (borrowing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.02 370.10 Td (base ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.29 370.10 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 358.10 Td (of, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.12 358.10 Td (among ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.13 358.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.47 358.10 Td (things, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.22 358.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.34 358.10 Td (eligible ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.12 358.10 Td (accounts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.90 358.10 Td (receivable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.77 358.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.01 358.10 Td (inventory) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.68 358.10 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.58 358.10 Td (As ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.49 358.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.72 358.10 Td (result, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.23 358.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.35 358.10 Td (access ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.68 358.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.25 358.10 Td (credit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.81 358.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.37 358.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.50 358.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.96 358.10 Td (Facility ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 346.10 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.00 346.10 Td (potentially ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.60 346.10 Td (subject ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.76 346.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.37 346.10 Td (significant ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.42 346.10 Td (fluctuations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.46 346.10 Td (depending ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.95 346.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.78 346.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.83 346.10 Td (value ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.32 346.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.48 346.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.53 346.10 Td (borrowing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.02 346.10 Td (base ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.62 346.10 Td (eligible ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.45 346.10 Td (assets ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.61 346.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.77 346.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.93 346.10 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.21 346.10 Td (measurement ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 334.10 Td (date, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.44 334.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.55 334.10 Td (well ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.55 334.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.67 334.10 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.65 334.10 Td (discretionary ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.64 334.10 Td (rights ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.20 334.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.31 334.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.31 334.10 Td (administrative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.30 334.10 Td (agent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.74 334.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.85 334.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.97 334.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.41 334.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.75 334.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.31 334.10 Td (respect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.41 334.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.52 334.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.52 334.10 Td (calculation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.17 334.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 322.10 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.20 322.10 Td (borrowing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.24 322.10 Td (base ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.38 322.10 Td (value. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.91 322.10 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.62 322.10 Td (addition, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.26 322.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.68 322.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.09 322.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.02 322.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.94 322.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.86 322.10 Td (limits ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.02 322.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.61 322.10 Td (amount ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.98 322.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.69 322.10 Td (borrowings ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.61 322.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.77 322.10 Td (aggregate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.00 322.10 Td (principal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.92 322.10 Td (amount ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 555.29 322.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 310.10 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.04 310.10 Td (time ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.91 310.10 Td (outstanding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.68 310.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.55 310.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.87 310.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.63 310.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.28 310.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.16 310.10 Td ($200.0 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.76 310.10 Td (million. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.25 310.10 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.91 310.10 Td (inability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.34 310.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.22 310.10 Td (borrow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.20 310.10 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.52 310.10 Td (current ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.93 310.10 Td (advance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.79 310.10 Td (rates ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.76 310.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.20 310.10 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 552.51 310.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 298.10 Td (under) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.87 298.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.28 298.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.53 298.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.66 298.10 Td (early ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.56 298.10 Td (termination ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.57 298.10 Td (of, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.31 298.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.56 298.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.14 298.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.60 298.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.73 298.10 Td (adversely ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.96 298.10 Td (af) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.55 298.10 Td (fect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.45 298.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.69 298.10 Td (liquidity) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.94 298.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.35 298.10 Td (results ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.37 298.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.62 298.10 Td (operations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.19 298.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.54 298.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 286.10 Td (position.) Tj ET Q BT /F5 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 262.10 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.54 262.10 Td (variable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.22 262.10 Td (rate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.69 262.10 Td (indebtedness ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.83 262.10 Td (subjects ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.97 262.10 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.78 262.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.92 262.10 Td (interest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.84 262.10 Td (rate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.31 262.10 Td (risk, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.73 262.10 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.10 262.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.24 262.10 Td (cause ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.93 262.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.75 262.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.32 262.10 Td (service ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.00 262.10 Td (obligations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.93 262.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.07 262.10 Td (increase ) Tj ET Q BT /F5 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 250.10 Td (significantly) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.24 250.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 226.10 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.47 226.10 Td (variable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.60 226.10 Td (rate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.51 226.10 Td (indebtedness ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.08 226.10 Td (subjects ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.22 226.10 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.04 226.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.74 226.10 Td (interest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.09 226.10 Td (rate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.00 226.10 Td (risk, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.42 226.10 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.78 226.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.92 226.10 Td (cause ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.05 226.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.31 226.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.44 226.10 Td (service ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.68 226.10 Td (obligations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.05 226.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.75 226.10 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 214.10 Td (significantly) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.84 214.10 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.88 214.10 Td (Borrowings ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.65 214.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.96 214.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.83 214.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.03 214.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.13 214.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.92 214.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.33 214.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.42 214.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.51 214.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.60 214.10 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.35 214.10 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.11 214.10 Td (variable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.85 214.10 Td (rates ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.27 214.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.14 214.10 Td (interest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.12 214.10 Td (based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.43 214.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.97 214.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.73 214.10 Td (base ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 202.10 Td (rate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.84 202.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.53 202.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.10 202.10 Td (London ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.57 202.10 Td (interbank ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.69 202.10 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.84 202.10 Td (fered ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.74 202.10 Td (rate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.08 202.10 Td (\(LIBOR\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.97 202.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.77 202.10 Td (expose ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.89 202.10 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.14 202.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.28 202.10 Td (interest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.07 202.10 Td (rate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.41 202.10 Td (risk. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.27 202.10 Td (If ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.29 202.10 Td (interest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.08 202.10 Td (rates ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.31 202.10 Td (increase, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.92 202.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.61 202.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.19 202.10 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 190.10 Td (obligations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.19 190.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.44 190.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.90 190.10 Td (variable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.35 190.10 Td (rate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.58 190.10 Td (indebtedness ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.49 190.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.95 190.10 Td (increase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.95 190.10 Td (even ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.07 190.10 Td (though ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.10 190.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.56 190.10 Td (amount ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.81 190.10 Td (borrowed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.37 190.10 Td (remains ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.28 190.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.74 190.10 Td (same, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.03 190.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.72 190.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 550.30 190.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 178.10 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.43 178.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.37 178.10 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.64 178.10 Td (flows, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.86 178.10 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.14 178.10 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.40 178.10 Td (available ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.99 178.10 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.15 178.10 Td (servicing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.31 178.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.14 178.10 Td (indebtedness, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.79 178.10 Td (would ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.29 178.10 Td (correspondingly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.78 178.10 Td (decrease.) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 154.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.41 154.10 Td (o ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.77 154.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.34 154.10 Td (extent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.13 154.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.15 154.10 Td (make ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.16 154.10 Td (borrowings ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.07 154.10 Td (based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.20 154.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.56 154.10 Td (LIBOR, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.41 154.10 Td (LIBOR ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.77 154.10 Td (tends ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.24 154.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.37 154.10 Td (fluctuate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.71 154.10 Td (based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.84 154.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.19 154.10 Td (multiple ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.88 154.10 Td (factors, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.95 154.10 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.08 154.10 Td (general ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 142.10 Td (short-term ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.55 142.10 Td (interest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.37 142.10 Td (rates, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.14 142.10 Td (rates ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.41 142.10 Td (set ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.91 142.10 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.30 142.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.91 142.10 Td (U.S. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.08 142.10 Td (Federal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.46 142.10 Td (Reserve ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.06 142.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.89 142.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.83 142.10 Td (central ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.42 142.10 Td (banks, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.64 142.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.25 142.10 Td (supply ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.31 142.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.04 142.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.87 142.10 Td (demand ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.91 142.10 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.96 142.10 Td (credit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.12 142.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 550.29 142.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 130.10 Td (London ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.53 130.10 Td (interbank ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.22 130.10 Td (market ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.91 130.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.27 130.10 Td (general ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.62 130.10 Td (economic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.41 130.10 Td (conditions. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.50 130.10 Td (On ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.65 130.10 Td (July ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.24 130.10 Td (27, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.67 130.10 Td (2017, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.09 130.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.23 130.10 Td (U.K. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.60 130.10 Td (Financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.73 130.10 Td (Conduct ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.12 130.10 Td (Authority ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.93 130.10 Td (\(the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.40 130.10 Td (authority ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 118.10 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.61 118.10 Td (regulates ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.82 118.10 Td (LIBOR\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.26 118.10 Td (announced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.69 118.10 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.80 118.10 Td (it ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.47 118.10 Td (intends ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.47 118.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.37 118.10 Td (stop ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.15 118.10 Td (compelling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.25 118.10 Td (banks ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.70 118.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.59 118.10 Td (submit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.93 118.10 Td (rates ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.92 118.10 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.70 118.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.03 118.10 Td (calculation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.01 118.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.45 118.10 Td (LIBOR ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.57 118.10 Td (after ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.00 118.10 Td (2021. ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 106.10 Td (It ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.13 106.10 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.33 106.10 Td (unclear ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.28 106.10 Td (whether ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.01 106.10 Td (new ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.20 106.10 Td (methods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.61 106.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.47 106.10 Td (calculating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.86 106.10 Td (LIBOR ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.39 106.10 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.47 106.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.43 106.10 Td (established ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.39 106.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.25 106.10 Td (if ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.88 106.10 Td (LIBOR ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.41 106.10 Td (continues ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.26 106.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.56 106.10 Td (exist ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.98 106.10 Td (after ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.82 106.10 Td (2021. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.66 106.10 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.73 106.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 94.10 Td (Federal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.34 94.10 Td (Reserve, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.90 94.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.53 94.10 Td (conjunction ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.60 94.10 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.23 94.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.90 94.10 Td (Alternative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.73 94.10 Td (Reference ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.11 94.10 Td (Rates ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.18 94.10 Td (Committee, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.97 94.10 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.50 94.10 Td (considering ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.01 94.10 Td (replacing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.06 94.10 Td (U.S. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.70 94.10 Td (dollar ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.88 94.10 Td (LIBOR ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.73 94.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 82.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 56.44 82.10 Td (newly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.38 82.10 Td (created ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.74 82.10 Td (index. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.78 82.10 Td (These ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.15 82.10 Td (changes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.86 82.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.58 82.10 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.95 82.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.89 82.10 Td (negative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.26 82.10 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.98 82.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.48 82.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.31 82.10 Td (interest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.24 82.10 Td (expense ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.95 82.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.88 82.10 Td (profitability) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.00 82.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 58.10 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.67 58.10 Td (substantial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.19 58.10 Td (indebtedness ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.47 58.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.75 58.10 Td (adversely ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.57 58.10 Td (af) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.72 58.10 Td (fect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.20 58.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.15 58.10 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.88 58.10 Td (condition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.28 58.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.34 58.10 Td (prevent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.39 58.10 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.34 58.10 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.84 58.10 Td (fulfilling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.01 58.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.97 58.10 Td (obligations.) Tj ET Q endstream endobj 35 0 obj <>] /Rotate 0 /Contents 36 0 R>> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (14) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 742.10 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.33 742.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.78 742.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.11 742.10 Td (provides ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.33 742.10 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.11 742.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.11 742.10 Td (lenders ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.77 742.10 Td (thereunder ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.31 742.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.31 742.10 Td (extend ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.75 742.10 Td (revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.86 742.10 Td (loans ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.75 742.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.31 742.10 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.53 742.10 Td (aggregate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.18 742.10 Td (principal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.50 742.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 730.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.14 730.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.78 730.10 Td (exceed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.39 730.10 Td ($275.0 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.75 730.10 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.50 730.10 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.58 730.10 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.88 730.10 Td (time ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.51 730.10 Td (outstanding, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.54 730.10 Td (subject ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.72 730.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.36 730.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.31 730.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.72 730.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.12 730.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.53 730.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.94 730.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.24 730.10 Td (borrowing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.76 730.10 Td (base ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.39 730.10 Td (availability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.24 730.10 Td (limitations. ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 718.10 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.67 718.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.08 718.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.46 718.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.83 718.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.21 718.10 Td (provides ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.48 718.10 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.97 718.10 Td (term ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.12 718.10 Td (loans ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.06 718.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.67 718.10 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.39 718.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.99 718.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.04 718.10 Td (aggregate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.73 718.10 Td (principal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.10 718.10 Td (amount ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.92 718.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.08 718.10 Td ($200.0 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.41 718.10 Td (million. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.01 718.10 Td (As ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.95 718.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.11 718.10 Td (December ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 550.02 718.10 Td (28, ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 706.10 Td (2019, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.83 706.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.32 706.10 Td (had ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.58 706.10 Td ($200.0 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.91 706.10 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.63 706.10 Td (outstanding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.12 706.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.72 706.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.63 706.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.04 706.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.41 706.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.79 706.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.17 706.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.43 706.10 Td ($28.0 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.76 706.10 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.48 706.10 Td (outstanding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.97 706.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.57 706.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.61 706.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.11 706.10 Td (Facility) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 560.01 706.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 682.10 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.51 682.10 Td (covenants ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.46 682.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.20 682.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.38 682.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.01 682.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.53 682.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.72 682.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.13 682.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.65 682.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.16 682.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.68 682.10 Td (allow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.86 682.10 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.72 682.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.46 682.10 Td (incur ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.98 682.10 Td (additional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.93 682.10 Td (indebtedness ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.55 682.10 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.96 682.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 670.10 Td (sources ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.99 670.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.27 670.10 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.97 670.10 Td (circumstances.) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 646.10 Td (As ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.43 646.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.19 646.10 Td (result ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.73 646.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.38 646.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.03 646.10 Td (existing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.02 646.10 Td (indebtedness ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.99 646.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.75 646.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.40 646.10 Td (capacity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.04 646.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.14 646.10 Td (incur ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.00 646.10 Td (additional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.31 646.10 Td (indebtedness, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.79 646.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.77 646.10 Td (are, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.80 646.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.56 646.10 Td (anticipate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.75 646.10 Td (continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 634.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.36 634.10 Td (be, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.38 634.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.90 634.10 Td (highly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.54 634.10 Td (leveraged ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.49 634.10 Td (company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.49 634.10 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.39 634.10 Td (A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.06 634.10 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.15 634.10 Td (significant ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.44 634.10 Td (portion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.41 634.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.82 634.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.24 634.10 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.09 634.10 Td (flow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.50 634.10 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.14 634.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.66 634.10 Td (required ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.06 634.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.92 634.10 Td (pay ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.44 634.10 Td (interest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.96 634.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.48 634.10 Td (principal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.10 634.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.18 634.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 622.10 Td (outstanding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.53 622.10 Td (indebtedness, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.05 622.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.86 622.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.89 622.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.47 622.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.27 622.10 Td (unable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.30 622.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.44 622.10 Td (generate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.67 622.10 Td (suf) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.71 622.10 Td (ficient ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.62 622.10 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.76 622.10 Td (flow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.45 622.10 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.26 622.10 Td (operations, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.78 622.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.48 622.10 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.72 622.10 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.96 622.10 Td (borrowings ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 610.10 Td (available ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.59 610.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.35 610.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.68 610.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.34 610.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.89 610.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.01 610.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.42 610.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.96 610.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.51 610.10 Td (Facility) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.41 610.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.91 610.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.68 610.10 Td (enable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.77 610.10 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.66 610.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.44 610.10 Td (repay ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.65 610.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.97 610.10 Td (indebtedness ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.63 610.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.96 610.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.73 610.10 Td (fund ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.06 610.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.60 610.10 Td (liquidity ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 598.10 Td (needs. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.09 598.10 Td (This ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.37 598.10 Td (level ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.30 598.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.13 598.10 Td (indebtedness ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.29 598.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.00 598.10 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.38 598.10 Td (important ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.76 598.10 Td (consequences, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.74 598.10 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.01 598.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.73 598.10 Td (following:) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 76.50 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.50 586.10 Td (it ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.91 586.10 Td (requires ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.97 586.10 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.71 586.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.35 586.10 Td (use ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.53 586.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.82 586.10 Td (significant ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.89 586.10 Td (percentage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.04 586.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.22 586.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.41 586.10 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.03 586.10 Td (flow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.21 586.10 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.50 586.10 Td (operations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.01 586.10 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.52 586.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.59 586.10 Td (service ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.76 586.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.05 586.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.12 586.10 Td (repayment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.18 586.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.50 574.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.87 574.10 Td (indebtedness, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.06 574.10 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.87 574.10 Td (indebtedness ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.56 574.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.26 574.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.52 574.10 Td (incur ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.10 574.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.92 574.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.17 574.10 Td (future, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.59 574.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.06 574.10 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.43 574.10 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.24 574.10 Td (flow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.60 574.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.86 574.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.67 574.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.15 574.10 Td (available ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.28 574.10 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.97 574.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.50 562.10 Td (purposes;) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 76.50 550.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.50 550.10 Td (it ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.79 550.10 Td (limits ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.31 550.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.37 550.10 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.66 550.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.17 550.10 Td (borrow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.78 550.10 Td (money ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.73 550.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.80 550.10 Td (sell ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.42 550.10 Td (stock ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.26 550.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.77 550.10 Td (fund ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.83 550.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.90 550.10 Td (working ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.96 550.10 Td (capital, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.84 550.10 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.23 550.10 Td (expenditures, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.55 550.10 Td (acquisitions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.06 550.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.50 538.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.22 538.10 Td (service ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.03 538.10 Td (requirements;) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 76.50 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.50 526.10 Td (it ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.56 526.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.27 526.10 Td (limit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.67 526.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.50 526.10 Td (flexibility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.43 526.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.71 526.10 Td (planning ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.21 526.10 Td (for) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.47 526.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.47 526.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.30 526.10 Td (reacting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.00 526.10 Td (to, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.78 526.10 Td (changes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.48 526.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.76 526.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.59 526.10 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.98 526.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.92 526.10 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.30 526.10 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.69 526.10 Td (opportunities;) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 76.50 514.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.50 514.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.66 514.10 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.37 514.10 Td (more ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.41 514.10 Td (highly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.47 514.10 Td (leveraged ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.83 514.10 Td (than ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.55 514.10 Td (some ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.16 514.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.99 514.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.82 514.10 Td (competitors, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.03 514.10 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.97 514.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.69 514.10 Td (place ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.28 514.10 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.67 514.10 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.39 514.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.33 514.10 Td (competitive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.03 514.10 Td (disadvantage;) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 76.50 502.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.50 502.10 Td (it ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.56 502.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.27 502.10 Td (make ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.43 502.10 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.82 502.10 Td (more ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.87 502.10 Td (vulnerable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.57 502.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.85 502.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.79 502.10 Td (downturn ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.62 502.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.89 502.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.72 502.10 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.12 502.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.95 502.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.66 502.10 Td (economy;) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 76.50 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.50 490.10 Td (it ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.56 490.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.27 490.10 Td (increase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.53 490.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.36 490.10 Td (cost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.97 490.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.80 490.10 Td (borrowing;) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 76.50 478.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.50 478.10 Td (it ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.56 478.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.27 478.10 Td (restrict ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.54 478.10 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.93 478.10 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.87 478.10 Td (exploiting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.92 478.10 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.31 478.10 Td (opportunities;) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 76.50 466.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.50 466.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.22 466.10 Td (service ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.03 466.10 Td (requirements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.73 466.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.45 466.10 Td (make ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.61 466.10 Td (it ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.66 466.10 Td (more ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.71 466.10 Td (dif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.64 466.10 Td (ficult ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.24 466.10 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.40 466.10 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.79 466.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.07 466.10 Td (make ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.23 466.10 Td (payments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.05 466.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.55 466.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.38 466.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.43 466.10 Td (indebtedness; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.36 466.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 76.50 454.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.50 454.10 Td (there ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.94 454.10 Td (would ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.39 454.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.28 454.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.17 454.10 Td (material ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.38 454.10 Td (adverse ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.37 454.10 Td (ef) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.96 454.10 Td (fect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.40 454.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.85 454.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.63 454.10 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.97 454.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.87 454.10 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.30 454.10 Td (condition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.52 454.10 Td (if ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.08 454.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.20 454.10 Td (were ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.08 454.10 Td (unable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.18 454.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.42 454.10 Td (service ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.18 454.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.50 442.10 Td (indebtedness ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.66 442.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.49 442.10 Td (obtain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.98 442.10 Td (additional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.47 442.10 Td (financing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.73 442.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.56 442.10 Td (needed.) Tj ET Q BT /F5 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 418.10 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 57.65 418.10 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.98 418.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.08 418.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.31 418.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.64 418.10 Td (able ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.74 418.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.41 418.10 Td (generate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.85 418.10 Td (suf) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.45 418.10 Td (ficient ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.44 418.10 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.22 418.10 Td (flows ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.78 418.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.45 418.10 Td (meet ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.77 418.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.11 418.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.22 418.10 Td (service ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.42 418.10 Td (obligations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.88 418.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.33 418.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.43 418.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.76 418.10 Td (forced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.75 418.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.41 418.10 Td (take ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.52 418.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.08 418.10 Td (actions ) Tj ET Q BT /F5 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 406.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.78 406.10 Td (satisfy ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.39 406.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.34 406.10 Td (obligations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.41 406.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.36 406.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.31 406.10 Td (indebtedness, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.09 406.10 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.60 406.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.32 406.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.16 406.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.10 406.10 Td (successful.) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 382.10 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.81 382.10 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.62 382.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.65 382.10 Td (make ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.56 382.10 Td (payments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.14 382.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.40 382.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.09 382.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.13 382.10 Td (refinance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.57 382.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.16 382.10 Td (indebtedness ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.07 382.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.77 382.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.80 382.10 Td (fund ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.39 382.10 Td (planned ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.30 382.10 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.20 382.10 Td (expenditures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.55 382.10 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.37 382.10 Td (depend ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 552.50 382.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 370.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.52 370.10 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.76 370.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.22 370.10 Td (generate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.77 370.10 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.23 370.10 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.35 370.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.37 370.10 Td (operations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.71 370.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.18 370.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.08 370.10 Td (future. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.95 370.10 Td (This, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.92 370.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.38 370.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.51 370.10 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.40 370.10 Td (extent, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.02 370.10 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.37 370.10 Td (subject ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.38 370.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.85 370.10 Td (general ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.96 370.10 Td (economic, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.02 370.10 Td (financial, ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 358.10 Td (competitive, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.71 358.10 Td (legislative, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.81 358.10 Td (regulatory ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.40 358.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.34 358.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.38 358.10 Td (factors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.09 358.10 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.59 358.10 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.29 358.10 Td (beyond ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.23 358.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.06 358.10 Td (control.) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 334.10 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.22 334.10 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.79 334.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.67 334.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.12 334.10 Td (generate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.66 334.10 Td (suf) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.70 334.10 Td (ficient ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.91 334.10 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.35 334.10 Td (flow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.35 334.10 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.46 334.10 Td (operations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.79 334.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.90 334.10 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.45 334.10 Td (sources ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.11 334.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.11 334.10 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.43 334.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.87 334.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.76 334.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.10 334.10 Td (Facility) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 560.00 334.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 322.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 54.91 322.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.64 322.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.37 322.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.10 322.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.61 322.10 Td (otherwise ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.67 322.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.07 322.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.03 322.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.65 322.10 Td (available ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.92 322.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.88 322.10 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.95 322.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.91 322.10 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.53 322.10 Td (amount ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.71 322.10 Td (suf) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.75 322.10 Td (ficient ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.47 322.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.43 322.10 Td (enable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.71 322.10 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.78 322.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.74 322.10 Td (pay ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.36 322.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.88 322.10 Td (indebtedness ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.71 322.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.22 322.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.18 322.10 Td (fund ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 310.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.29 310.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.29 310.10 Td (liquidity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.64 310.10 Td (needs. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.37 310.10 Td (If ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.48 310.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.60 310.10 Td (complete ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.71 310.10 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.61 310.10 Td (acquisition, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.45 310.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.23 310.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.91 310.10 Td (service ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.68 310.10 Td (requirements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.34 310.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.01 310.10 Td (increase. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.55 310.10 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.19 310.10 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.08 310.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.76 310.10 Td (need ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.09 310.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.33 310.10 Td (refinance ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 298.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.14 298.10 Td (restructure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.21 298.10 Td (all ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.51 298.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.15 298.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.90 298.10 Td (portion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.10 298.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.74 298.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.38 298.10 Td (indebtedness ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.35 298.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.66 298.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.30 298.10 Td (before ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.15 298.10 Td (maturity) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.38 298.10 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.03 298.10 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.66 298.10 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.41 298.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.94 298.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.03 298.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.78 298.10 Td (able ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.75 298.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.84 298.10 Td (refinance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.34 298.10 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.09 298.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.73 298.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.37 298.10 Td (indebtedness, ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 286.10 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.20 286.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.34 286.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.93 286.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.40 286.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.55 286.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.96 286.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.43 286.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.90 286.10 Td (Facility) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.81 286.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.23 286.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.15 286.10 Td (commercially ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.05 286.10 Td (reasonable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.73 286.10 Td (terms, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.37 286.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.63 286.10 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.77 286.10 Td (all. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.19 286.10 Td (If ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.77 286.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.35 286.10 Td (cannot ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.93 286.10 Td (service ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.17 286.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 274.10 Td (indebtedness, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.98 274.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.96 274.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.50 274.10 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.70 274.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.80 274.10 Td (take ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.78 274.10 Td (actions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.42 274.10 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.08 274.10 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.73 274.10 Td (selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.72 274.10 Td (assets, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.87 274.10 Td (seeking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.74 274.10 Td (additional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.05 274.10 Td (equity) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.40 274.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.22 274.10 Td (reducing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.53 274.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.18 274.10 Td (delaying ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.93 274.10 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.91 274.10 Td (expenditures, ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 262.10 Td (strategic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.41 262.10 Td (acquisitions, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.71 262.10 Td (investments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.52 262.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.00 262.10 Td (alliances ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.01 262.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.38 262.10 Td (restructuring ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.50 262.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.87 262.10 Td (refinancing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.44 262.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.80 262.10 Td (indebtedness. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.77 262.10 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.41 262.10 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.88 262.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.13 262.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.95 262.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.42 262.10 Td (able ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.11 262.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.92 262.10 Td (ef) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.51 262.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 250.10 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.33 250.10 Td (actions, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.66 250.10 Td (if ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.26 250.10 Td (necessary) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.48 250.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.48 250.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.98 250.10 Td (commercially ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.46 250.10 Td (reasonable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.71 250.10 Td (terms, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.93 250.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.76 250.10 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.47 250.10 Td (all.) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 226.10 Td (Any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.07 226.10 Td (refinancing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.46 226.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.64 226.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.82 226.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.89 226.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.96 226.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.25 226.10 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.32 226.10 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.71 226.10 Td (interest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.00 226.10 Td (rates ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.73 226.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.02 226.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.09 226.10 Td (require ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.25 226.10 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.00 226.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.63 226.10 Td (comply ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.47 226.10 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.10 226.10 Td (more ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.50 226.10 Td (onerous ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.01 226.10 Td (covenants. ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 214.10 Td (These ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.61 214.10 Td (alternative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.04 214.10 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.48 214.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.93 214.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.95 214.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.62 214.10 Td (successful ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.95 214.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.62 214.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.07 214.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.09 214.10 Td (permit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.42 214.10 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.55 214.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.56 214.10 Td (meet ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.23 214.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.79 214.10 Td (scheduled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.01 214.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.46 214.10 Td (service ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.01 214.10 Td (obligations. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.96 214.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 202.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.67 202.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.72 202.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.47 202.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.88 202.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.93 202.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.98 202.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.03 202.10 Td (restrict ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.29 202.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.12 202.10 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.18 202.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.45 202.10 Td (conduct ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.61 202.10 Td (asset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.55 202.10 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.49 202.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.42 202.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.70 202.10 Td (use ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.53 202.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.25 202.10 Td (proceeds ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.29 202.10 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.23 202.10 Td (asset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.16 202.10 Td (sales. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.42 202.10 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 558.06 202.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 190.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.29 190.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.65 190.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.67 190.10 Td (able ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.90 190.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.25 190.10 Td (consummate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.37 190.10 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.50 190.10 Td (asset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.51 190.10 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.53 190.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.88 190.10 Td (raise ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.34 190.10 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.56 190.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.47 190.10 Td (sell ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.94 190.10 Td (assets ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.84 190.10 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.64 190.10 Td (prices ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.09 190.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.11 190.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.68 190.10 Td (terms ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.48 190.10 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.05 190.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.29 190.10 Td (believe ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.74 190.10 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.52 190.10 Td (fair) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.00 190.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.07 190.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 178.10 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.63 178.10 Td (proceeds ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.85 178.10 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.53 178.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.88 178.10 Td (do ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.57 178.10 Td (receive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.12 178.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.03 178.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.49 178.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.62 178.10 Td (adequate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.84 178.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.31 178.10 Td (meet ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.43 178.10 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.55 178.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.46 178.10 Td (service ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.46 178.10 Td (obligations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.59 178.10 Td (then ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.50 178.10 Td (due. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.12 178.10 Td (If ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.47 178.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.82 178.10 Td (cannot ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.16 178.10 Td (meet ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.29 178.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.30 178.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 166.10 Td (service ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.96 166.10 Td (obligations, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.04 166.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.40 166.10 Td (holders ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.97 166.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.44 166.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.92 166.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.27 166.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.63 166.10 Td (accelerate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.73 166.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.20 166.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.55 166.10 Td (and, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.63 166.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.55 166.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.91 166.10 Td (extent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.48 166.10 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.95 166.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.31 166.10 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.12 166.10 Td (secured, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.29 166.10 Td (foreclose ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.08 166.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.22 166.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.69 166.10 Td (assets. ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 154.10 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.33 154.10 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.16 154.10 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.10 154.10 Td (event, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.75 154.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.91 154.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.63 154.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.91 154.10 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.29 154.10 Td (suf) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.33 154.10 Td (ficient ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.37 154.10 Td (assets ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.20 154.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.48 154.10 Td (repay ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.18 154.10 Td (all ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.68 154.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.51 154.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.34 154.10 Td (debt.) Tj ET Q BT /F5 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 130.10 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 57.65 130.10 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.21 130.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.55 130.10 Td (still ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.68 130.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.24 130.10 Td (able ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.58 130.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.48 130.10 Td (incur ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.84 130.10 Td (significantly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.07 130.10 Td (more ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.30 130.10 Td (debt, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.14 130.10 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.72 130.10 Td (secured ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.51 130.10 Td (debt. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.35 130.10 Td (This ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.81 130.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.71 130.10 Td (intensify ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.39 130.10 Td (already-existing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.62 130.10 Td (risks ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.19 130.10 Td (related ) Tj ET Q BT /F5 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 118.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.78 118.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.73 118.10 Td (indebtedness.) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 94.10 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.24 94.10 Td (terms ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.15 94.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.17 94.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.08 94.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.44 94.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.68 94.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.62 94.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.03 94.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.27 94.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.51 94.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.76 94.10 Td (contain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.88 94.10 Td (restrictions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.01 94.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.70 94.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.72 94.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.86 94.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.77 94.10 Td (guarantors) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.56 94.10 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.25 94.10 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.50 94.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.97 94.10 Td (incur ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 82.10 Td (additional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.23 82.10 Td (indebtedness. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.12 82.10 Td (However) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.37 82.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.61 82.10 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.90 82.10 Td (restrictions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.07 82.10 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.02 82.10 Td (subject ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.08 82.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.60 82.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.78 82.10 Td (number ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.06 82.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.13 82.10 Td (important ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.75 82.10 Td (qualifications ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.92 82.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.10 82.10 Td (exceptions, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.10 82.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 550.28 82.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 70.10 Td (indebtedness ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.04 70.10 Td (incurred ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.23 70.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.89 70.10 Td (compliance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.86 70.10 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.52 70.10 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.95 70.10 Td (restrictions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.26 70.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.36 70.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.68 70.10 Td (substantial. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.20 70.10 Td (Accordingly) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.53 70.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.92 70.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.46 70.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.67 70.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.76 70.10 Td (guarantors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.85 70.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.95 70.10 Td (incur ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 58.10 Td (significant ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.44 58.10 Td (additional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.16 58.10 Td (indebtedness ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.54 58.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.04 58.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.99 58.10 Td (future, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.09 58.10 Td (much ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.04 58.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.09 58.10 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.26 58.10 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.20 58.10 Td (constitute ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.81 58.10 Td (secured, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.58 58.10 Td (senior) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.61 58.10 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.84 58.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.90 58.10 Td (pari ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.17 58.10 Td (passu ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.12 58.10 Td (indebtedness. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 551.40 58.10 Td (As ) Tj ET Q endstream endobj 37 0 obj <>] /Rotate 0 /Contents 38 0 R>> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (15) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 742.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.85 742.10 Td (December ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.95 742.10 Td (28, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.46 742.10 Td (2019, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.98 742.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.33 742.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.01 742.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.58 742.10 Td (provided ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.14 742.10 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.82 742.10 Td (unused ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.16 742.10 Td (borrowing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.84 742.10 Td (capacity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.17 742.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.51 742.10 Td (up ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.53 742.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.33 742.10 Td ($120.1 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.84 742.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.73 742.10 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.25 742.10 Td (If ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.93 742.10 Td (new ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.60 742.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 555.84 742.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 730.10 Td (added ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.88 730.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 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Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.00 682.10 Td (Repayment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.04 682.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.87 682.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.69 682.10 Td (indebtedness, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.34 682.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.62 682.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.55 682.10 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.25 682.10 Td (degree, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.89 682.10 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 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0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.41 682.10 Td (\(including ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 670.10 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.28 670.10 Td (subsidiaries ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.85 670.10 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.19 670.10 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.74 670.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.87 670.10 Td (guarantors\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.75 670.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.53 670.10 Td (their ) Tj ET Q q 0.13725490196078433 0.12156862745098039 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0.12156862745098039 0.12549019607843137 rg BT 465.51 670.10 Td (loan, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.57 670.10 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.13 670.10 Td (repayment, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.18 670.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 658.10 Td (otherwise. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.98 658.10 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.63 658.10 Td (subsidiaries ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.94 658.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.25 658.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.13 658.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.67 658.10 Td (able ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.42 658.10 Td (to, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.80 658.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.23 658.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.76 658.10 Td (permitted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.18 658.10 Td (to, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.56 658.10 Td (make ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.31 658.10 Td (distributions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.41 658.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.84 658.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.49 658.10 Td (payments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.91 658.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.79 658.10 Td (enable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.98 658.10 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.97 658.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.85 658.10 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 646.10 Td (payments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.44 646.10 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.84 646.10 Td (respect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.77 646.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.72 646.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.67 646.10 Td (indebtedness. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.44 646.10 Td (Each ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.04 646.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.99 646.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.93 646.10 Td (subsidiaries ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.77 646.10 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.06 646.10 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.11 646.10 Td (distinct ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.17 646.10 Td (legal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.22 646.10 Td (entity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.61 646.10 Td (and, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.17 646.10 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.55 646.10 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.37 646.10 Td (circumstances, ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 634.10 Td (applicable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.80 634.10 Td (U.S. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.80 634.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.45 634.10 Td (foreign ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.54 634.10 Td (legal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.18 634.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.83 634.10 Td (contractual ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.46 634.10 Td (restrictions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.11 634.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.65 634.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.19 634.10 Td (permanently ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.38 634.10 Td (invested ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.92 634.10 Td (assertion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.68 634.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.11 634.10 Td (limit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.21 634.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.75 634.10 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.52 634.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.51 634.10 Td (obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 622.10 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.18 622.10 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.54 622.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.78 622.10 Td (subsidiaries. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.20 622.10 Td (While ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.55 622.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.68 622.10 Td (terms ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.81 622.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.05 622.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.18 622.10 Td (Revolving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.76 622.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.23 622.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.37 622.10 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.78 622.10 Td (erm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.24 622.10 Td (Loan ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.70 622.10 Td (Facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.17 622.10 Td (limit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.97 622.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.10 622.10 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.57 622.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.81 622.10 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.93 622.10 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.17 622.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 610.10 Td (subsidiaries ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.16 610.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.38 610.10 Td (incur ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.37 610.10 Td (consensual ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.69 610.10 Td (restrictions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.56 610.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.00 610.10 Td (their ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.77 610.10 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.76 610.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.98 610.10 Td (pay ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.87 610.10 Td (dividends ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.19 610.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.97 610.10 Td (make ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.06 610.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.05 610.10 Td (intercompany ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.47 610.10 Td (payments, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.74 610.10 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.73 610.10 Td (limitations ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 598.10 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.58 598.10 Td (subject ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.77 598.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.42 598.10 Td (important ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.17 598.10 Td (qualifications ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.47 598.10 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.78 598.10 Td (exceptions. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.91 598.10 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.11 598.10 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.20 598.10 Td (event ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.73 598.10 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.59 598.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.12 598.10 Td (do ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.99 598.10 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.64 598.10 Td (receive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.37 598.10 Td (distributions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.25 598.10 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.45 598.10 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.87 598.10 Td (payments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.06 598.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 586.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.33 586.10 Td (subsidiaries, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.55 586.10 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.71 586.10 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.42 586.10 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.36 586.10 Td (unable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.52 586.10 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.80 586.10 Td (make ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.95 586.10 Td (required ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.77 586.10 Td (payments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.59 586.10 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.09 586.10 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.92 586.10 Td (indebtedness.) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 556.70 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 556.70 Td (e have recorded impairment charges in the past and may record impairment charges in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 532.70 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 532.70 Td (e are required, at least annually) Tj ET Q q 0 0 0 rg BT 204.92 532.70 Td (, or as facts and circumstances warrant, to test trade names to determine if impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.70 Td (has occurred. ) Tj ET Q q 0 0 0 rg BT 105.13 520.70 Td (W) Tj ET Q q 0 0 0 rg BT 113.76 520.70 Td (e are also required to test property plant and equipment and other long lived assets for impairment as facts and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.70 Td (circumstances warrant. Impairment may result from any number of factors, including adverse changes in assumptions used for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 496.70 Td (valuation purposes, such as actual or projected net sales, growth rates, profitability or discount rates, or other variables. If the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.70 Td (testing indicates that impairment has occurred, we are required to record a non-cash impairment char) Tj ET Q q 0 0 0 rg BT 452.77 484.70 Td (ge. Should the value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.70 Td (trade names, property plant and equipment and other long lived assets become impaired, it would have an adverse ef) Tj ET Q q 0 0 0 rg BT 515.28 472.70 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.70 Td (results of operations. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 436.70 Td (Our inability to ef) Tj ET Q q 0 0 0 rg BT 122.93 436.70 Td (fectively manage our retail store operations could adversely af) Tj ET Q q 0 0 0 rg BT 378.27 436.70 Td (fect our results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 412.70 Td (During fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.19 412.70 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.19 412.70 Td (, our global comparable retail store sales decreased 4%. During fiscal year 2020, we intend to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.70 Td (open approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.70 400.70 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.70 400.70 Td ( new stores globally and close approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.71 400.70 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.71 400.70 Td ( stores, depending on lease negotiations. ) Tj ET Q q 0 0 0 rg BT 498.38 400.70 Td (The success of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.70 Td (our retail business depends, in part, on our ability to open new profitable stores, close low performing stores and renew our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.70 Td (existing store leases on terms that meet our financial tar) Tj ET Q q 0 0 0 rg BT 272.30 376.70 Td (gets. Our ability to open new stores on schedule or at all, to close low ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.70 Td (performing stores and to renew existing store leases on favorable terms or to operate them on a profitable basis will depend on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.70 Td (various factors, including our ability to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 331.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 331.70 Td (identify suitable markets for new stores and available store locations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 310.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 310.70 Td (negotiate acceptable lease terms for new locations or renewal terms for existing locations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 289.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 289.70 Td (hire and train qualified sales associates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 268.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 268.70 Td (develop new merchandise and manage inventory ef) Tj ET Q q 0 0 0 rg BT 290.79 268.70 Td (fectively to meet the needs of new and existing stores on a timely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 256.70 Td (basis;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 235.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 235.70 Td (maintain favorable relationships with major developers and other landlords; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 214.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 214.70 Td (avoid construction delays and cost overruns in connection with the build-out of new stores.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 193.70 Td (Our plans to manage our store base may not be successful and the opening of new stores may not result in an increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 181.70 Td (our net sales even though they increase our costs. Our inability to ef) Tj ET Q q 0 0 0 rg BT 321.19 181.70 Td (fectively manage our retail store base could have a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 169.70 Td (adverse ef) Tj ET Q q 0 0 0 rg BT 90.13 169.70 Td (fect on the amount of net sales we generate and on our financial condition and results of operations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 148.70 Td (New technologies could render our wearable technology obsolete. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 127.70 Td (New developments in technology may negatively af) Tj ET Q q 0 0 0 rg BT 280.09 127.70 Td (fect the development or sale of our wearable technology or make such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 115.70 Td (products obsolete. Our inability to enhance our existing wearable technology in a timely manner or to develop and introduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 103.70 Td (new products that incorporate new technologies and achieve market acceptance in a timely manner could negatively impact our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 91.70 Td (competitive position, which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 292.29 91.70 Td (fect on our business or results of operations. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 70.70 Td (Increased competition from online only retailers and a highly promotional retail environment may increase pressure on our ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 58.70 Td (margins.) 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(slowing ) Tj ET Q q 0 0 0 rg BT 384.73 742.10 Td (mall ) Tj ET Q q 0 0 0 rg BT 404.58 742.10 Td (traf) Tj ET Q q 0 0 0 rg BT 418.27 742.10 Td (fic ) Tj ET Q q 0 0 0 rg BT 430.90 742.10 Td (has ) Tj ET Q q 0 0 0 rg BT 446.30 742.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 480.03 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.89 742.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 534.18 742.10 Td (pricing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (pressure ) Tj ET Q q 0 0 0 rg BT 84.69 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.01 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 107.32 730.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 134.75 730.10 Td (promotional ) Tj ET Q q 0 0 0 rg BT 185.51 730.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 207.92 730.10 Td (environment. ) Tj ET Q q 0 0 0 rg BT 262.84 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.71 730.10 Td (In ) Tj ET Q q 0 0 0 rg BT 274.92 730.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 312.06 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.15 730.10 Td (traditional ) 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(fect ) Tj ET Q q 0 0 0 rg BT 249.87 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 262.37 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 278.20 682.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 317.09 682.10 Td (results ) Tj ET Q q 0 0 0 rg BT 345.70 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.53 682.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 403.19 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.13 682.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 457.61 682.10 Td (condition. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (Certain key components in our products come from limited sources of supply) Tj ET Q q 0 0 0 rg BT 365.53 658.10 Td (, which exposes us to potential supply shortages ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (that could disrupt the manufacture and sale of our products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 625.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 625.10 Td (e and our contract manufacturers currently purchase a number of key components used to manufacture our products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 613.10 Td (from limited sources of supply for which alternative sources may not be readily available. ) Tj ET Q q 0 0 0 rg BT 410.78 613.10 Td (Any interruption or delay in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 601.10 Td (supply of any of these components could significantly harm our ability to meet scheduled product deliveries to our customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 589.10 Td (and cause us to lose sales. Interruptions or delays in supply may be caused by a number of factors that are outside of our and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 577.10 Td (our contract or manufacturers' control. In addition, the purchase of these components on a limited source basis subjects us to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 565.10 Td (risks of price increases and potential quality assurance problems. ) Tj ET Q q 0 0 0 rg BT 311.09 565.10 Td (An increase in the cost of components could make our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 553.10 Td (products less competitive and result in lower gross mar) Tj ET Q q 0 0 0 rg BT 269.83 553.10 Td (gins. In the event that we can no longer obtain materials from these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 541.10 Td (limited sources of supply) Tj ET Q q 0 0 0 rg BT 149.67 541.10 Td (, we might not be able to qualify or identify alternative suppliers in a timely fashion. ) Tj ET Q q 0 0 0 rg BT 489.04 541.10 Td (Any extended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 529.10 Td (interruption in the supply of any of the key components currently obtained from a limited source or delay in transitioning to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 517.10 Td (replacement supplier could disrupt our operations and significantly harm our business in any given period. If our supply of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 505.10 Td (certain components is disrupted, our lead times are extended or the cost of our components increases, our business, operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 493.10 Td (results and financial condition could be materially af) Tj ET Q q 0 0 0 rg BT 260.08 493.10 Td (fected.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (The loss of key senior management personnel could negatively af) Tj ET Q q 0 0 0 rg BT 317.91 472.10 Td (fect our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 451.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 451.10 Td (e depend on our senior management and other key personnel, particularly Kosta N. Kartsotis, our Chief Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 439.10 Td (Of) Tj ET Q q 0 0 0 rg BT 59.87 439.10 Td (ficer \("CEO"\) and Chairman. ) Tj ET Q q 0 0 0 rg BT 179.20 439.10 Td (W) Tj ET Q q 0 0 0 rg BT 187.84 439.10 Td (e do not have "key person" life insurance policies for any of our personnel. ) Tj ET Q q 0 0 0 rg BT 489.90 439.10 Td (The loss of any of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 427.10 Td (our executive of) Tj ET Q q 0 0 0 rg BT 114.29 427.10 Td (ficers or other key employees could harm our business.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (A) Tj ET Q q 0 0 0 rg BT 55.62 406.10 Td ( data security or privacy breach could damage our reputation, harm our customer relationships, expose us to litigation or ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (government actions, and result in a material adverse ef) Tj ET Q q 0 0 0 rg BT 275.71 394.10 Td (fect to our business, financial condition and results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 373.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 373.10 Td (e depend on information technology systems, the Internet and computer networks for a substantial portion of our retail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 361.10 Td (and e-commerce businesses, including credit card transaction authorization and processing. ) Tj ET Q q 0 0 0 rg BT 416.97 361.10 Td (W) Tj ET Q q 0 0 0 rg BT 425.61 361.10 Td (e also receive and store personal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.10 Td (information about our customers and employees, the protection of which is critical to us. In the normal course of our business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.10 Td (we collect, retain, and transmit certain sensitive and confidential customer information, including credit card information, over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.10 Td (public networks. Our customers have a high expectation that we will adequately protect their personal information. In addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 313.10 Td (personal information is highly regulated at the international, federal and state level.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 292.10 Td (Despite the security measures we currently have in place, our facilities and systems and those of our third party service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (providers may be vulnerable to theft of physical information, security breaches, hacking attempts, computer viruses and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td (malware, ransomware, phishing, lost data and programming and/or human errors. ) Tj ET Q q 0 0 0 rg BT 377.75 268.10 Td (Any electronic or physical security breach ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.10 Td (involving the misappropriation, loss, or other unauthorized disclosure of confidential or personally identifiable information, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.10 Td (including penetration of our network security or those of our third party service providers, could disrupt our business, severely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.10 Td (damage our reputation and our customer relationships, expose us to litigation and liability) Tj ET Q q 0 0 0 rg BT 407.94 232.10 Td (, subject us to governmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.10 Td (investigations, fines and enforcement actions, result in negative media coverage and distraction to management and result in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (material adverse ef) Tj ET Q q 0 0 0 rg BT 125.38 208.10 Td (fect to our business, financial condition, and results of operations. In addition, as a result of security breaches ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 Td (at a number of prominent retailers and other companies, the media and public scrutiny of information security and privacy has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.10 Td (become more intense and the regulatory environment related thereto has become more uncertain. ) Tj ET Q q 0 0 0 rg BT 439.34 184.10 Td (As a result, we may incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.10 Td (significant costs in complying with new and existing state, federal, and foreign laws regarding protection of, and unauthorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.10 Td (disclosure of, personal information. ) Tj ET Q q 0 0 0 rg BT 193.91 160.10 Td (A) Tj ET Q q 0 0 0 rg BT 200.58 160.10 Td ( successful ransomware attack on our systems could make them inaccessible for a period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.10 Td (of time pending the payment of a ransom to unlock the systems or our ability to otherwise restore our access to our systems. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 127.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 127.10 Td (e are subject to laws and regulations in the U.S. and the many countries in which we operate. V) Tj ET Q q 0 0 0 rg BT 449.65 127.10 Td (iolations of laws and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 115.10 Td (regulations, or changes to existing laws or regulations, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 410.73 115.10 Td (fect on our financial condition or ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 103.10 Td (results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 82.10 Td (Our operations are subject to domestic and international laws and regulations in a number of areas, including, but not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (limited to, labor) Tj ET Q q 0 0 0 rg BT 113.25 70.10 Td (, advertising, consumer protection, real estate, product safety) Tj ET Q q 0 0 0 rg BT 356.13 70.10 Td (, e-commerce, promotions, intellectual property) Tj ET Q q 0 0 0 rg BT 546.25 70.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (tax, import and export, anti-corruption, anti-bribery) Tj ET Q q 0 0 0 rg BT 254.90 58.10 Td (, foreign exchange controls and cash repatriation, data privacy) Tj ET Q q 0 0 0 rg BT 503.04 58.10 Td (, anti-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.10 Td (competition, environmental, health and safety) Tj ET Q q 0 0 0 rg BT 232.13 46.10 Td (. Compliance with these numerous laws and regulations is complicated, time ) Tj ET Q endstream endobj 41 0 obj <>] /Rotate 0 /Contents 42 0 R>> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (consuming and expensive, and the laws and regulations may be inconsistent from jurisdiction to jurisdiction, further increasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (the dif) Tj ET Q q 0 0 0 rg BT 75.14 730.10 Td (ficulty and cost to comply with them. New laws and regulations, or changes to existing laws and regulations, could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (individually or in the aggregate make our products more costly to produce, delay the introduction of new products in one or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (more regions, cause us to change or limit our business practices, or af) Tj ET Q q 0 0 0 rg BT 327.57 706.10 Td (fect our financial condition and results of operations. ) Tj ET Q q 0 0 0 rg BT 541.49 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 550.13 706.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (have implemented policies and procedures designed to ensure compliance with the numerous laws and regulations af) Tj ET Q q 0 0 0 rg BT 517.23 694.10 Td (fecting our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (business, but there can be no assurance that our employees, contractors, or agents will not violate such laws, regulations or our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (policies related thereto. ) Tj ET Q q 0 0 0 rg BT 145.02 670.10 Td (Any such violations could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 356.43 670.10 Td (fect on our financial condition or operating results.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 649.10 Td (Reduced lending by banks could have a negative impact on our customers, suppliers and business partners, which in turn ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 637.10 Td (could materially and adversely af) Tj ET Q q 0 0 0 rg BT 185.96 637.10 Td (fect our financial condition, results of operations and liquidity) Tj ET Q q 0 0 0 rg BT 442.01 637.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 616.10 Td (Any reduction in lending by banks may have a significant negative impact on businesses around the world. ) Tj ET Q q 0 0 0 rg BT 503.40 616.10 Td (Although we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 604.10 Td (believe that our cash provided by operations and available borrowing capacity under our credit facilities currently provide us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.10 Td (with suf) Tj ET Q q 0 0 0 rg BT 81.82 592.10 Td (ficient liquidity) Tj ET Q q 0 0 0 rg BT 143.10 592.10 Td (, the impact of reduced lending on our customers, business partners and suppliers cannot be predicted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.10 Td (and may be quite severe. ) Tj ET Q q 0 0 0 rg BT 150.57 580.10 Td (A) Tj ET Q q 0 0 0 rg BT 157.24 580.10 Td ( disruption in the ability of our significant customers or distributors to access liquidity could cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.10 Td (serious disruptions or an overall deterioration of their businesses, which could lead to a significant reduction in their future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.10 Td (orders of our products and the inability or failure on their part to meet their payment obligations to us, any of which could have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.10 Td (a material adverse ef) Tj ET Q q 0 0 0 rg BT 132.32 544.10 Td (fect on our financial condition, results of operations and liquidity) Tj ET Q q 0 0 0 rg BT 392.17 544.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 523.10 Td (Seasonality of our business may adversely af) Tj ET Q q 0 0 0 rg BT 233.21 523.10 Td (fect our net sales and operating income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 502.10 Td (Our quarterly results of operations have fluctuated in the past and may continue to fluctuate as a result of a number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (factors, including seasonal cycles, timing of new product introductions, timing of orders by our customers and mix of product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (sales demand. Our business is seasonal by nature. ) Tj ET Q q 0 0 0 rg BT 250.02 478.10 Td (A) Tj ET Q q 0 0 0 rg BT 256.69 478.10 Td ( significant portion of our net sales and operating income are generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (during the third and fourth quarters of our fiscal year) Tj ET Q q 0 0 0 rg BT 260.42 466.10 Td (, which includes the "back to school" and holiday seasons. ) Tj ET Q q 0 0 0 rg BT 496.13 466.10 Td (The amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (net sales and operating income generated during our fiscal fourth quarter depends upon the anticipated level of retail sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (during the holiday season, as well as general economic conditions and other factors beyond our control. In addition, the amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (of net sales and operating income generated during our fiscal first quarter depends in part upon the actual level of retail sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (during the holiday season. ) Tj ET Q q 0 0 0 rg BT 156.80 418.10 Td (The seasonality of our business may adversely af) Tj ET Q q 0 0 0 rg BT 352.95 418.10 Td (fect our net sales and operating income during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (first and fourth quarters of our fiscal year) Tj ET Q q 0 0 0 rg BT 214.16 406.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 385.10 Td (The amount of traf) Tj ET Q q 0 0 0 rg BT 127.94 385.10 Td (fic to our retail stores depends heavily on the success of the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.54 385.10 Td () Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 374.04 385.10 Td (shopping malls and retail centers in which ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 373.10 Td (our stores are located.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 349.10 Td (There continues to be a significant decrease in traf) Tj ET Q q 0 0 0 rg BT 273.40 349.10 Td (fic in many of the shopping malls and retail centers in which our stores ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.10 Td (are located, which has resulted in decreased traf) Tj ET Q q 0 0 0 rg BT 240.89 337.10 Td (fic to our stores. ) Tj ET Q q 0 0 0 rg BT 310.70 337.10 Td (The resulting decrease in customers for our retail stores has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.10 Td (had an adverse ef) Tj ET Q q 0 0 0 rg BT 119.00 325.10 Td (fect on our results of operations. ) Tj ET Q q 0 0 0 rg BT 255.36 325.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 305.26 325.10 Td (, several national department store anchors have closed or will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 313.10 Td (be closing a number of their locations in shopping malls, which is likely to further decrease traf) Tj ET Q q 0 0 0 rg BT 431.16 313.10 Td (fic and put increasing financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.10 Td (strain on the operators of those shopping mall locations. ) Tj ET Q q 0 0 0 rg BT 278.45 301.10 Td (The loss of an anchor or other significant tenant in a shopping mall in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 289.10 Td (which we have a store, or the closure of a significant number of shopping malls in which we have stores, may have a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.10 Td (adverse ef) Tj ET Q q 0 0 0 rg BT 90.13 277.10 Td (fect on our results of operations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 253.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 253.10 Td (e have key facilities in the U.S. and overseas, the loss or shut down of any of which could harm our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 232.10 Td (Our administrative, information technology and distribution operations in the U.S. are conducted primarily from two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.10 Td (separate facilities located in the Dallas, ) Tj ET Q q 0 0 0 rg BT 208.42 220.10 Td (T) Tj ET Q q 0 0 0 rg BT 213.83 220.10 Td (exas area. Our operations internationally are conducted from various administrative, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (distribution and assembly facilities outside of the U.S., particularly in China, Germany) Tj ET Q q 0 0 0 rg BT 395.73 208.10 Td (, Hong Kong, Switzerland and ) Tj ET Q q 0 0 0 rg BT 519.69 208.10 Td (V) Tj ET Q q 0 0 0 rg BT 526.31 208.10 Td (ietnam. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 Td (The complete or temporary loss of use of all or part of these facilities could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 457.77 196.10 Td (fect on our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 175.10 Td (Our warehouse and distribution facilities in the Dallas, ) Tj ET Q q 0 0 0 rg BT 294.65 175.10 Td (T) Tj ET Q q 0 0 0 rg BT 300.06 175.10 Td (exas area are operated in a special purpose sub-zone established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 163.10 Td (by the U.S. Department of Commerce Foreign ) Tj ET Q q 0 0 0 rg BT 237.33 163.10 Td (T) Tj ET Q q 0 0 0 rg BT 243.09 163.10 Td (rade Zone Board. ) Tj ET Q q 0 0 0 rg BT 314.73 163.10 Td (Although the sub-zone allows us certain tax advantages, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 151.10 Td (sub-zone is highly regulated by the U.S. Customs Service. ) Tj ET Q q 0 0 0 rg BT 284.84 151.10 Td (This level of regulation may cause disruptions or delays in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 139.10 Td (distribution of our products out of these facilities. Under some circumstances, the U.S. Customs Service has the right to shut ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 127.10 Td (down the entire sub-zone and, therefore, our entire warehouse and distribution facilities. During the time that the sub-zone is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 115.10 Td (shut down, we may be unable to adequately meet the supply requests of our customers and our Company-owned retail stores, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 103.10 Td (which could have an adverse ef) Tj ET Q q 0 0 0 rg BT 175.10 103.10 Td (fect on our sales, relationships with our customers, and results of operations, especially if the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 91.10 Td (shutdown were to occur during our third or fourth quarter) Tj ET Q q 0 0 0 rg BT 279.16 91.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (Our ability to reverse negative sales trends and grow our sales is dependent upon the implementation of our business ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (strategy) Tj ET Q q 0 0 0 rg BT 81.35 58.10 Td (, which we may not be able to achieve.) Tj ET Q endstream endobj 43 0 obj <>] /Rotate 0 /Contents 44 0 R>> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 742.10 Td (Our ability to reverse negative sales trends and grow our sales is dependent on the successful implementation of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (business strategy) Tj ET Q q 0 0 0 rg BT 116.90 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 121.72 730.10 Td (This includes diversification and innovation of our product of) Tj ET Q q 0 0 0 rg BT 368.15 730.10 Td (ferings, continuing to develop wearable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (technology) Tj ET Q q 0 0 0 rg BT 93.28 718.10 Td (, improving our omni-channel capabilities and strategic acquisitions. If we are not successful in the expansion or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (development of our product of) Tj ET Q q 0 0 0 rg BT 171.51 706.10 Td (ferings or our new products are not profitable or do not generate sales comparable to those of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (existing businesses, our results of operations could be negatively impacted. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 673.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 673.10 Td (e also operate FOSSIL) Tj ET Q q 0 0 0 rg BT 172.58 673.10 Td ( brand stores and other non-FOSSIL) Tj ET Q q 0 0 0 rg BT 317.47 673.10 Td ( branded stores globally to further strengthen our brand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 661.10 Td (image. ) Tj ET Q q 0 0 0 rg BT 78.38 661.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.83 661.10 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.41 661.10 Td (, we operated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.49 661.10 Td (451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.49 661.10 Td ( stores worldwide. ) Tj ET Q q 0 0 0 rg BT 328.41 661.10 Td (The costs associated with leasehold improvements to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 649.10 Td (current stores and the costs associated with opening new stores and closing low performing stores could materially increase our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 637.10 Td (costs of operation.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 616.10 Td (Our business could be harmed if we fail to maintain proper inventory levels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 595.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 595.10 Td (e maintain an inventory of selected products that we anticipate will be in high demand. ) Tj ET Q q 0 0 0 rg BT 431.85 595.10 Td (W) Tj ET Q q 0 0 0 rg BT 440.49 595.10 Td (e may be unable to sell the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 583.10 Td (products we have ordered in advance from manufacturers or that we have in our inventory) Tj ET Q q 0 0 0 rg BT 409.82 583.10 Td (. Inventory levels in excess of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 571.10 Td (customer demand may result in inventory write-downs or the sale of excess inventory at prices below our standard levels, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 559.10 Td (particularly in the smartwatch category where customer demand for products with older generation technology may be dif) Tj ET Q q 0 0 0 rg BT 537.48 559.10 Td (ficult ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 547.10 Td (to predict. ) Tj ET Q q 0 0 0 rg BT 92.36 547.10 Td (These events could significantly harm our operating results and impair the image of our brands. Conversely) Tj ET Q q 0 0 0 rg BT 522.15 547.10 Td (, if we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 535.10 Td (underestimate consumer demand for our products or if our manufacturers fail to supply quality products in a timely manner) Tj ET Q q 0 0 0 rg BT 542.85 535.10 Td (, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 523.10 Td (may experience inventory shortages, which might result in unfilled orders, negatively impact customer relationships, diminish ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 511.10 Td (brand loyalty and result in lost revenues, any of which could harm our business.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (Our license agreements may require minimum royalty commitments regardless of the level of product sales under these ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (agreements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 457.10 Td (Under our license agreements, we have in the past experienced, and could again in the future experience, instances where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 445.10 Td (our minimum royalty commitments exceeded the royalties payable based upon our sales of the licensed products. Payments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 433.10 Td (minimum royalties in excess of the royalties based on our sales of the licensed products reduce our mar) Tj ET Q q 0 0 0 rg BT 462.81 433.10 Td (gins and could adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 421.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 421.10 Td (fect our results of operations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td (Fluctuations in the price, availability and quality of raw materials could cause delays and increase costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 379.10 Td (Fluctuations in the price, availability and quality of the raw materials used in our products could have a material adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 367.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 367.10 Td (fect on our cost of sales or ability to meet our customers' demands. ) Tj ET Q q 0 0 0 rg BT 326.42 367.10 Td (The price and availability of such raw materials may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 355.10 Td (fluctuate significantly) Tj ET Q q 0 0 0 rg BT 136.32 355.10 Td (, depending on many factors, including natural resources, increased freight costs, increased labor costs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 343.10 Td (especially in China, and weather conditions. In the future, we may not be able to pass on all, or a portion of, such higher raw ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 331.10 Td (materials prices to our customers.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 310.10 Td (e rely on third-party assembly factories and manufacturers; and problems with, or loss of, our assembly factories or ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (manufacturing sources could harm our business and results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 277.10 Td (A) Tj ET Q q 0 0 0 rg BT 80.17 277.10 Td ( substantial percentage of our watch and jewelry products are currently assembled or manufactured to our specifications ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 265.10 Td (by our majority-owned entities in China, with the remainder assembled or manufactured by independent entities. ) Tj ET Q q 0 0 0 rg BT 502.43 265.10 Td (All of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 253.10 Td (handbags, small leather goods, belts and soft accessories are produced by independent manufacturers. ) Tj ET Q q 0 0 0 rg BT 458.63 253.10 Td (W) Tj ET Q q 0 0 0 rg BT 467.26 253.10 Td (e have no long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 241.10 Td (contracts with these independent assembly factories or manufacturers and compete with other companies for production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 229.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 88.38 229.10 Td (All transactions between us and our independent assembly factories or manufacturers are conducted on the basis of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.10 Td (purchase orders. ) Tj ET Q q 0 0 0 rg BT 117.35 217.10 Td (W) Tj ET Q q 0 0 0 rg BT 125.98 217.10 Td (e face the risk that these independent assembly factories or manufacturers may not produce and deliver our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 205.10 Td (products on a timely basis, or at all. ) Tj ET Q q 0 0 0 rg BT 193.92 205.10 Td (As a result, we cannot be certain that these assembly factories or manufacturers will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 193.10 Td (continue to assemble or manufacture products for us or that we will not experience operational dif) Tj ET Q q 0 0 0 rg BT 441.69 193.10 Td (ficulties with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 181.10 Td (manufacturers, such as reductions in the availability of production capacity) Tj ET Q q 0 0 0 rg BT 349.30 181.10 Td (, errors in complying with product specifications, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 169.10 Td (insuf) Tj ET Q q 0 0 0 rg BT 69.32 169.10 Td (ficient quality control, shortages of raw materials, failures to meet production deadlines or increases in manufacturing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 157.10 Td (costs. Our future success will depend upon our ability to maintain close relationships with, or ownership of, our current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 145.10 Td (assembly factories and manufacturers and to develop long-term relationships with other manufacturers that satisfy our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 133.10 Td (requirements for price, quality and production flexibility) Tj ET Q q 0 0 0 rg BT 275.17 133.10 Td (. Our ability to establish new manufacturing relationships involves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.10 Td (numerous uncertainties, including those relating to payment terms, costs of manufacturing, adequacy of manufacturing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.10 Td (capacity) Tj ET Q q 0 0 0 rg BT 82.16 109.10 Td (, quality control and timeliness of delivery) Tj ET Q q 0 0 0 rg BT 251.19 109.10 Td (. ) Tj ET Q q 0 0 0 rg BT 255.64 109.10 Td (Any failure by us to maintain long-term relationships with, or ownership of, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.10 Td (our current assembly factories and manufacturers or to develop relationships with other manufacturers could have a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.10 Td (adverse ef) Tj ET Q q 0 0 0 rg BT 90.13 85.10 Td (fect on our ability to manufacture and distribute our products.) Tj ET Q endstream endobj 45 0 obj <>] /Rotate 0 /Contents 46 0 R>> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (19) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (If an independent manufacturer or license partner of ours fails to use acceptable labor practices or otherwise comply with ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 730.25 Td (laws or suf) Tj ET Q q 0 0 0 rg BT 94.33 730.25 Td (fers reputation harm, our business could suf) Tj ET Q q 0 0 0 rg BT 277.25 730.25 Td (fer) Tj ET Q q 0 0 0 rg BT 288.36 730.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 709.25 Td (While we have a code of conduct for our manufacturing partners, we have no control over the ultimate actions or labor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 697.25 Td (practices of our independent manufacturers. ) Tj ET Q q 0 0 0 rg BT 227.58 697.25 Td (The violation of labor or other laws by one of our independent manufacturers, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 685.25 Td (by one of our license partners, or the diver) Tj ET Q q 0 0 0 rg BT 218.98 685.25 Td (gence of an independent manufacturer's or license partner's labor practices from those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 673.25 Td (generally accepted as ethical in the U.S. or other countries in which the violation or diver) Tj ET Q q 0 0 0 rg BT 406.15 673.25 Td (gence occurred, could interrupt or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 661.25 Td (otherwise disrupt the shipment of finished products to us or damage our reputation. In addition, certain of our license ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 649.25 Td (agreements are with named globally recognized fashion designers. Should one of these fashion designers, or any or our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 637.25 Td (licensor companies, conduct themselves inappropriately or make controversial statements, the underlying brand, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 625.25 Td (consequently our business under that brand, could suf) Tj ET Q q 0 0 0 rg BT 264.28 625.25 Td (fer) Tj ET Q q 0 0 0 rg BT 274.82 625.25 Td (. ) Tj ET Q q 0 0 0 rg BT 281.77 625.25 Td (Any of these, in turn, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 498.17 625.25 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 613.25 Td (financial condition and results of operations. ) Tj ET Q q 0 0 0 rg BT 229.73 613.25 Td (As a result, should one of our independent manufacturers or licensors be found in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 601.25 Td (violation of state or international laws or receive negative publicity) Tj ET Q q 0 0 0 rg BT 317.37 601.25 Td (, we could suf) Tj ET Q q 0 0 0 rg BT 373.29 601.25 Td (fer financial or other unforeseen consequences.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 580.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 580.25 Td (e extend unsecured credit to our customers and are therefore vulnerable to any financial dif) Tj ET Q q 0 0 0 rg BT 435.79 580.25 Td (ficulties they may face.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 559.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 559.25 Td (e sell our merchandise primarily to department stores, specialty retail stores and distributors worldwide. ) Tj ET Q q 0 0 0 rg BT 499.62 559.25 Td (W) Tj ET Q q 0 0 0 rg BT 508.26 559.25 Td (e extend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 547.25 Td (credit based on an evaluation of each customer's financial condition, usually without requiring collateral. Should any of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 535.25 Td (lar) Tj ET Q q 0 0 0 rg BT 59.87 535.25 Td (ger customers experience financial dif) Tj ET Q q 0 0 0 rg BT 212.39 535.25 Td (ficulties, we could curtail business with such customers or assume more credit risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 523.25 Td (relating to such customers' receivables. Our inability to collect on our trade accounts receivable relating to such customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 511.25 Td (could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 178.42 511.25 Td (fect on our operating cash flows, financial condition and results of operations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 490.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 490.25 Td (e do not maintain long-term contracts with our customers and are unable to control their purchasing decisions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 469.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 469.25 Td (e do not maintain long-term purchasing contracts with our customers and therefore have no contractual leverage over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 457.25 Td (their purchasing decisions. ) Tj ET Q q 0 0 0 rg BT 158.37 457.25 Td (A) Tj ET Q q 0 0 0 rg BT 165.04 457.25 Td ( decision by a major department store or other significant customer to decrease the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 445.25 Td (merchandise purchased from us or to cease carrying our products could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 441.65 445.25 Td (fect on our net sales and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 433.25 Td (operating strategy) Tj ET Q q 0 0 0 rg BT 120.77 433.25 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 412.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 412.25 Td (e face intense competition in the specialty retail and e-commerce industries and the size and resources of some of our ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 400.25 Td (competitors are substantially greater than ours, which may allow them to compete more ef) Tj ET Q q 0 0 0 rg BT 419.88 400.25 Td (fectively) Tj ET Q q 0 0 0 rg BT 453.37 400.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 379.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 379.25 Td (e face intense competition in the specialty retail and e-commerce industry where we compete primarily with specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 367.25 Td (retailers, department stores and e-commerce businesses that engage in the retail sale of watches and accessories. ) Tj ET Q q 0 0 0 rg BT 500.25 367.25 Td (W) Tj ET Q q 0 0 0 rg BT 508.88 367.25 Td (e believe that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 355.25 Td (the principal basis upon which we compete is the quality and design of merchandise and the quality of customer service. ) Tj ET Q q 0 0 0 rg BT 533.35 355.25 Td (W) Tj ET Q q 0 0 0 rg BT 541.99 355.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 343.25 Td (also believe that price is an important factor in our customers' decision-making processes. Many of our competitors are, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 331.25 Td (many of our potential competitors may be, lar) Tj ET Q q 0 0 0 rg BT 232.60 331.25 Td (ger and have greater financial, marketing and other resources than we have and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 319.25 Td (therefore may be able to adapt to changes in customer requirements more quickly) Tj ET Q q 0 0 0 rg BT 374.84 319.25 Td (, devote greater resources to the marketing and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 307.25 Td (sale of their products and generate greater national brand recognition than we can, especially in the developing area of omni-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.25 Td (channel retailing. Omni-channel retailing may include retail stores, e-commerce sites, mobile channels and other direct-to-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.25 Td (consumer points of contact that enhance the consumer) Tj ET Q q 0 0 0 rg BT 266.74 283.25 Td () Tj ET Q q 0 0 0 rg BT 269.52 283.25 Td (s ability to interact with a retailer in the research, purchase, returning and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.25 Td (serving of products. ) Tj ET Q q 0 0 0 rg BT 131.53 271.25 Td (The intense competition and greater size and resources of some of our competitors could have a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.25 Td (adverse ef) Tj ET Q q 0 0 0 rg BT 90.13 259.25 Td (fect on the amount of net sales we generate and on our results of operations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 238.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 238.25 Td (e could be negatively impacted if we fail to successfully integrate businesses we may acquire.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 217.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 217.25 Td (e have made, and may consider in the future, certain acquisitions, domestically and internationally) Tj ET Q q 0 0 0 rg BT 474.69 217.25 Td (, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 205.25 Td (acquisitions of certain watch brands and acquisitions of independent distributors of our products. ) Tj ET Q q 0 0 0 rg BT 439.23 205.25 Td (The integration of future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 193.25 Td (acquisitions may not be successful or generate sales increases. ) Tj ET Q q 0 0 0 rg BT 300.90 193.25 Td (When we have acquired businesses, such as Misfit in December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 181.25 Td (2015, we have acquired businesses that we believe could enhance our business opportunities and our growth prospects. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 169.25 Td (Acquisitions involve risks that could materially af) Tj ET Q q 0 0 0 rg BT 249.28 169.25 Td (fect our business, financial condition and operating results. ) Tj ET Q q 0 0 0 rg BT 487.37 169.25 Td (These risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 157.25 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 136.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 136.25 Td (distraction of management from our business operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 115.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 115.25 Td (loss of key personnel and other employees;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 94.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 94.25 Td (costs, delays, and inef) Tj ET Q q 0 0 0 rg BT 173.35 94.25 Td (ficiencies associated with integrating acquired operations and personnel;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 73.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 73.25 Td (the impairment of acquired assets and goodwill; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 52.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 52.25 Td (acquiring the contingent and other liabilities of the businesses we acquire.) Tj ET Q endstream endobj 47 0 obj <>] /Rotate 0 /Contents 48 0 R>> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 742.10 Td (In addition, acquired businesses may not provide us with increased business opportunities or result in the growth that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (anticipate. Furthermore, integrating acquired operations is a complex, time-consuming and expensive process. Combining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (acquired operations with our current operations may result in lower overall operating mar) Tj ET Q q 0 0 0 rg BT 407.53 718.10 Td (gins, greater stock price volatility and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (quarterly earnings fluctuations. Cultural incompatibilities, career uncertainties and other factors associated with such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (acquisitions may also result in the loss of employees. Failure to acquire and successfully integrate complementary practices, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (failure to achieve the business syner) Tj ET Q q 0 0 0 rg BT 193.99 682.10 Td (gies or other anticipated benefits, could materially adversely af) Tj ET Q q 0 0 0 rg BT 445.66 682.10 Td (fect our business, financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (condition and results of operations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 649.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 649.10 Td (e face competition from traditional competitors as well as new competitors in the wearable technology category) Tj ET Q q 0 0 0 rg BT 513.08 649.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 628.10 Td (There is intense competition in each of the businesses in which we compete. In all of our businesses, we compete with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 616.10 Td (numerous manufacturers, importers and distributors who may have significantly greater financial, distribution, advertising and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 604.10 Td (marketing resources than us. Our competitors include distributors that import watches and accessories from abroad, U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.10 Td (companies that have established foreign manufacturing relationships and companies that produce accessories domestically) Tj ET Q q 0 0 0 rg BT 538.69 592.10 Td (. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.10 Td (addition, we face growing competition from technology companies that have or are launching smartwatch products and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.10 Td (wearable technology) Tj ET Q q 0 0 0 rg BT 131.87 568.10 Td (. ) Tj ET Q q 0 0 0 rg BT 136.69 568.10 Td (These new competitors have not historically competed with us, and many have significantly greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.10 Td (financial, distribution, advertising and marketing resources than us. ) Tj ET Q q 0 0 0 rg BT 321.19 556.10 Td (The impact of wearable technology products on sales of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.10 Td (traditional product lines may be materially adverse. Our results of operations and market position may be adversely af) Tj ET Q q 0 0 0 rg BT 521.39 544.10 Td (fected by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.10 Td (our competitors and their competitive pressures in the watch, wearable technology and fashion accessory industries.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 511.10 Td (Any material disruption of our information systems could disrupt our business and reduce our sales.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 490.10 Td (e are increasingly dependent on information systems to operate our websites, process transactions, manage inventory) Tj ET Q q 0 0 0 rg BT 549.13 490.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (monitor sales and purchase, sell and ship goods on a timely basis. ) Tj ET Q q 0 0 0 rg BT 314.28 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 322.91 478.10 Td (e utilize SAP) Tj ET Q q 0 0 0 rg BT 375.32 478.10 Td ( ERP) Tj ET Q q 0 0 0 rg BT 395.78 478.10 Td ( in our U.S. operations and throughout ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (most of our European operations to support our human resources, sales and distribution, inventory planning, retail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (merchandising and operational and financial reporting systems of our business, and Navision in our ) Tj ET Q q 0 0 0 rg BT 449.69 454.10 Td (Asian operations to support ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (many of the same functions on a local country level. ) Tj ET Q q 0 0 0 rg BT 261.20 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 269.84 442.10 Td (e may experience operational problems with our information systems as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (a result of system failures, viruses, ransomware, computer "hackers" or other causes. ) Tj ET Q q 0 0 0 rg BT 390.33 430.10 Td (Any material disruption or slowdown of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (our systems could cause information, including data related to customer orders, to be lost, unavailable or delayed, which could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (result in delays in the delivery of merchandise to our stores and customers or lost sales, which could reduce demand for our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (merchandise and cause our sales to decline. Moreover) Tj ET Q q 0 0 0 rg BT 265.13 394.10 Td (, the failure to maintain, or a disruption in, financial and management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (control systems could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 243.41 382.10 Td (fect on our ability to respond to trends in our tar) Tj ET Q q 0 0 0 rg BT 435.41 382.10 Td (get markets, market our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (products and meet our customers' requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 349.10 Td (In addition, we have e-commerce and other websites in the U.S. and internationally) Tj ET Q q 0 0 0 rg BT 406.36 349.10 Td (. In addition to changing consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.10 Td (preferences and buying trends relating to Internet usage, we are vulnerable to certain additional risks and uncertainties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.10 Td (associated with the Internet, including changes in required technology interfaces, website downtime and other technical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 313.10 Td (failures, security breaches, and consumer privacy concerns. Our failure to successfully respond to these risks and uncertainties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.10 Td (could reduce e-commerce sales, increase costs and damage the reputation of our brands.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (Changes in the mix of product sales demand could negatively impact our gross profit margins.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 259.10 Td (Our gross profit mar) Tj ET Q q 0 0 0 rg BT 153.75 259.10 Td (gins are impacted by our sales mix as follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 247.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 235.10 Td (Sales channel mix: sales from our direct retail and e-commerce channels typically provide gross mar) Tj ET Q q 0 0 0 rg BT 476.40 235.10 Td (gins in excess of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 223.10 Td (historical consolidated gross profit mar) Tj ET Q q 0 0 0 rg BT 205.95 223.10 Td (gins, while sales from our distributor) Tj ET Q q 0 0 0 rg BT 353.31 223.10 Td (, mass market and of) Tj ET Q q 0 0 0 rg BT 436.16 223.10 Td (f-price channels typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 211.10 Td (provide gross mar) Tj ET Q q 0 0 0 rg BT 121.53 211.10 Td (gins below our historical consolidated gross profit mar) Tj ET Q q 0 0 0 rg BT 339.92 211.10 Td (gins.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 199.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 187.10 Td (Product mix: traditional watch and jewelry sales typically provide gross mar) Tj ET Q q 0 0 0 rg BT 379.80 187.10 Td (gins in excess of historical consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 175.10 Td (gross profit mar) Tj ET Q q 0 0 0 rg BT 113.20 175.10 Td (gins, while leather goods and private label products typically provide gross mar) Tj ET Q q 0 0 0 rg BT 431.27 175.10 Td (gins below our historical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 163.10 Td (consolidated gross profit mar) Tj ET Q q 0 0 0 rg BT 166.24 163.10 Td (gins. In addition, sales of our wearable technology products have produced gross profit mar) Tj ET Q q 0 0 0 rg BT 534.85 163.10 Td (gins ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 151.10 Td (below our historical consolidated gross profit mar) Tj ET Q q 0 0 0 rg BT 248.72 151.10 Td (gins, which we anticipate continuing in fiscal 2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 139.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 127.10 Td (Geographic mix: international sales typically produce gross mar) Tj ET Q q 0 0 0 rg BT 333.13 127.10 Td (gins in excess of our historical consolidated gross profit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 115.10 Td (mar) Tj ET Q q 0 0 0 rg BT 64.87 115.10 Td (gins, while domestic sales typically provide gross mar) Tj ET Q q 0 0 0 rg BT 281.31 115.10 Td (gins below our historical consolidated gross profit mar) Tj ET Q q 0 0 0 rg BT 499.70 115.10 Td (gins.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 103.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 91.10 Td (If future sales from our higher gross mar) Tj ET Q q 0 0 0 rg BT 234.27 91.10 Td (gin businesses do not increase at a faster rate than our lower gross mar) Tj ET Q q 0 0 0 rg BT 515.95 91.10 Td (gin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 79.10 Td (businesses, our gross profit mar) Tj ET Q q 0 0 0 rg BT 176.25 79.10 Td (gins may grow at a slower pace, cease to grow) Tj ET Q q 0 0 0 rg BT 361.64 79.10 Td (, or decrease relative to our historical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 67.10 Td (consolidated gross profit mar) Tj ET Q q 0 0 0 rg BT 166.24 67.10 Td (gin.) Tj ET Q endstream endobj 49 0 obj <>] /Rotate 0 /Contents 50 0 R>> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (21) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (Our industry is subject to pricing pressures that may adversely impact our financial performance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 718.25 Td (e assemble or source many of our products of) Tj ET Q q 0 0 0 rg BT 262.63 718.25 Td (fshore because they generally cost less to make overseas, due primarily to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.25 Td (lower labor costs. Many of our competitors also source their product requirements of) Tj ET Q q 0 0 0 rg BT 388.95 706.25 Td (fshore to achieve lower costs, possibly in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.25 Td (locations with lower costs than our of) Tj ET Q q 0 0 0 rg BT 199.85 694.25 Td (fshore operations, and those competitors may use these cost savings to reduce prices. ) Tj ET Q q 0 0 0 rg BT 542.07 694.25 Td (T) Tj ET Q q 0 0 0 rg BT 547.48 694.25 Td (o ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.25 Td (remain competitive, we must adjust our prices from time to time in response to these industry-wide pricing pressures. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.25 Td (financial performance may be negatively af) Tj ET Q q 0 0 0 rg BT 223.40 670.25 Td (fected by these pricing pressures if we are forced to reduce our prices and we cannot ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.25 Td (reduce our production costs or our production costs increase and we cannot increase our prices.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 634.25 Td (The loss of our intellectual property rights may harm our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 610.25 Td (Our trademarks, patents and other intellectual property rights are important to our success and competitive position. ) Tj ET Q q 0 0 0 rg BT 538.74 610.25 Td (W) Tj ET Q q 0 0 0 rg BT 547.38 610.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.25 Td (are devoted to the establishment and protection of our trademarks, patents and other intellectual property rights in those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.25 Td (countries where we believe it is important to our ability to sell our products. However) Tj ET Q q 0 0 0 rg BT 392.07 586.25 Td (, we cannot be certain that the actions we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.25 Td (have taken will result in enforceable rights, will be adequate to protect our products in every country where we may want to sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.25 Td (our products, will be adequate to prevent imitation of our products by others or will be adequate to prevent others from seeking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.25 Td (to prevent sales of our products as a violation of the trademarks, patents or other intellectual property rights of others. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.40 538.25 Td (, we rely on the patent, trademark and other intellectual property laws of the U.S. and other countries to protect our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.25 Td (proprietary rights. Even if we are successful in obtaining appropriate trademark, patent and other intellectual property rights, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (may be unable to prevent third parties from using our intellectual property without our authorization, particularly in those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.25 Td (countries where the laws do not protect our proprietary rights as fully as in the U.S. Because we sell our products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.25 Td (internationally and are dependent on foreign manufacturing in China, we are significantly dependent on foreign countries to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.25 Td (protect our intellectual property rights. ) Tj ET Q q 0 0 0 rg BT 206.49 478.25 Td (The use of our intellectual property or similar intellectual property by others could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.25 Td (reduce or eliminate any competitive advantage we have developed, causing us to lose sales or otherwise harm our business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.25 Td (Further) Tj ET Q q 0 0 0 rg BT 78.54 454.25 Td (, if it became necessary for us to resort to litigation to protect our intellectual property rights, any proceedings could be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.25 Td (burdensome and costly and we may not prevail. ) Tj ET Q q 0 0 0 rg BT 242.88 442.25 Td (The failure to obtain or maintain trademark, patent or other intellectual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.25 Td (property rights could materially harm our business.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 409.25 Td (Our products may infringe the intellectual property rights of others, which may cause us to incur unexpected costs or ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 397.25 Td (prevent us from selling certain of our products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 376.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 376.25 Td (e cannot be certain that our products do not and will not infringe upon the intellectual property rights of others. ) Tj ET Q q 0 0 0 rg BT 528.23 376.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.25 Td (wearable technology space is rapidly developing with new innovation, which will likely result in a significant number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.25 Td (domestic and international patent filings for new technology) Tj ET Q q 0 0 0 rg BT 290.17 352.25 Td (. ) Tj ET Q q 0 0 0 rg BT 294.62 352.25 Td (As a result, wearable technology companies may be subject to an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.25 Td (increasing number of claims that their products infringe the intellectual property rights of competitors or non-practicing entities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.25 Td (As we increase our wearable technology and other product of) Tj ET Q q 0 0 0 rg BT 295.06 328.25 Td (ferings, we have been, are and may in the future be subject to legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.25 Td (proceedings, including claims of alleged infringement of the intellectual property rights of third parties by us and our customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.25 Td (in connection with their marketing and sale of our products. ) Tj ET Q q 0 0 0 rg BT 290.83 304.25 Td (Any such claims, whether or not meritorious, could result in costly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.25 Td (litigation and divert the ef) Tj ET Q q 0 0 0 rg BT 153.18 292.25 Td (forts of our personnel. Moreover) Tj ET Q q 0 0 0 rg BT 283.57 292.25 Td (, should we be found liable for infringement, we may be required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.25 Td (enter into agreements \(if available on acceptable terms or at all\) or to pay damages and cease making or selling certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.25 Td (products. Moreover) Tj ET Q q 0 0 0 rg BT 127.97 268.25 Td (, we may need to redesign or rename some of our products to avoid future infringement liability) Tj ET Q q 0 0 0 rg BT 510.82 268.25 Td (. ) Tj ET Q q 0 0 0 rg BT 515.27 268.25 Td (Any of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.25 Td (foregoing could cause us to incur significant costs and prevent us from manufacturing or selling certain of our products.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 235.25 Td (An increase in product returns could negatively impact our operating results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 214.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 214.25 Td (e accept limited returns from customers. ) Tj ET Q q 0 0 0 rg BT 245.51 214.25 Td (W) Tj ET Q q 0 0 0 rg BT 254.15 214.25 Td (e continually monitor returns and maintain a provision for estimated returns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.25 Td (based upon historical experience and any specific issues identified. However) Tj ET Q q 0 0 0 rg BT 356.21 202.25 Td (, as we continue to increase our wearable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.25 Td (technology product of) Tj ET Q q 0 0 0 rg BT 137.63 190.25 Td (ferings, we do not have the same level of historical experience estimating returns as we have with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.25 Td (other more mature products, which could result in us underestimating the level of returns. In addition, consumer acceptance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.25 Td (wearable technology products and the inherent outdating of technology over time may result in an increase in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.25 Td (returns we accept from our customers. ) Tj ET Q q 0 0 0 rg BT 205.10 154.25 Td (While returns have historically been within our expectations and the provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.25 Td (established, future return rates may dif) Tj ET Q q 0 0 0 rg BT 203.71 142.25 Td (fer from those experienced in the past. In the event that our products are performing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.25 Td (poorly in the retail market and/or we experience product damages or defects at a rate significantly higher than our historical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.25 Td (rate, the resulting credit returns could have an adverse impact on our operating results for the period or periods in which such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.25 Td (returns occur) Tj ET Q q 0 0 0 rg BT 101.42 106.25 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 85.25 Td (There are inherent limitations in all control systems, and misstatements due to error or fraud may occur and not be detected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 64.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 64.25 Td (e are subject to the ongoing internal control provisions of Section404 of the Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 455.11 64.25 Td (Act of 2002. ) Tj ET Q q 0 0 0 rg BT 507.69 64.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 52.25 Td (provisions provide for the identification of material weaknesses in internal control over financial reporting, which is a process ) Tj ET Q endstream endobj 51 0 obj <>] /Rotate 0 /Contents 52 0 R>> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (to provide reasonable assurance regarding the reliability of financial reporting for external purposes in accordance with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (accounting principles generally accepted in the United States of ) Tj ET Q q 0 0 0 rg BT 306.36 730.10 Td (America. Our management, including our CEO and Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (Financial Of) Tj ET Q q 0 0 0 rg BT 99.58 718.10 Td (ficer \("CFO"\), does not expect that our internal controls and disclosure controls will prevent all errors and all fraud. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 706.10 Td ( control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (objectives of the control system are met. In addition, the design of a control system must reflect the fact that there are resource ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (constraints and the benefit of controls must be relative to their costs. Because of the inherent limitations in all control systems, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any) Tj ET Q q 0 0 0 rg BT 480.94 670.10 Td (, in our Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (have been detected. ) Tj ET Q q 0 0 0 rg BT 130.38 658.10 Td (These inherent limitations include the realities that judgments in decision-making can be faulty and that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (breakdowns can occur because of simple errors or mistakes. Further) Tj ET Q q 0 0 0 rg BT 321.23 646.10 Td (, controls can be circumvented by individual acts of some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (persons, by collusion of two or more persons, or by management override of the controls. ) Tj ET Q q 0 0 0 rg BT 409.79 634.10 Td (The design of any system of controls ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (is also based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (design will succeed in achieving its stated goals under all potential future conditions. Over time, a control may be inadequate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (because of changes in conditions, such as growth of the Company or increased transaction volume, or the degree of compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (with the policies or procedures may deteriorate. Because of inherent limitations in a cost-ef) Tj ET Q q 0 0 0 rg BT 414.19 586.10 Td (fective control system, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (misstatements due to error or fraud may occur and not be detected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 553.10 Td (In addition, discovery and disclosure of a material weakness, by definition, could have a material adverse impact on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 541.10 Td (financial statements. Such an occurrence could discourage certain customers or suppliers from doing business with us, result in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 529.10 Td (higher borrowing costs and af) Tj ET Q q 0 0 0 rg BT 168.73 529.10 Td (fect how our stock trades. ) Tj ET Q q 0 0 0 rg BT 274.08 529.10 Td (This could in turn negatively af) Tj ET Q q 0 0 0 rg BT 399.70 529.10 Td (fect our ability to access public debt or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 517.10 Td (equity markets for capital.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 496.10 Td (Risk Factors Relating to Our) Tj ET Q q 0 0 0 rg BT 173.20 496.10 Td ( International Operations) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 475.10 Td (Factors af) Tj ET Q q 0 0 0 rg BT 91.82 475.10 Td (fecting international commerce and our international operations may seriously harm our financial condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 454.10 Td (During fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.69 454.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.69 454.10 Td (, we generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.21 454.10 Td (63.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.04 454.10 Td ( of our net sales from outside of the U.S., and we anticipate that revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (from our international operations could account for an increasingly lar) Tj ET Q q 0 0 0 rg BT 330.61 442.10 Td (ger portion of our net sales in the future. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (international operations are directly related to, and dependent on, the volume of international trade and foreign market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (conditions. International commerce and our international operations are subject to many risks, some of which are discussed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (more detail below) Tj ET Q q 0 0 0 rg BT 121.05 406.10 Td (, including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 385.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 385.10 Td (recessions in foreign economies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 364.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 364.10 Td (the adoption and expansion of trade restrictions or the occurrence of trade wars;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 343.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 343.10 Td (limitations on repatriation of earnings;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 322.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 322.10 Td (dif) Tj ET Q q 0 0 0 rg BT 96.43 322.10 Td (ficulties in protecting our intellectual property or enforcing our intellectual property rights under the laws of other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 310.10 Td (countries;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 289.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 289.10 Td (longer receivables collection periods and greater dif) Tj ET Q q 0 0 0 rg BT 293.00 289.10 Td (ficulty in collecting accounts receivable;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 268.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 268.10 Td (dif) Tj ET Q q 0 0 0 rg BT 96.43 268.10 Td (ficulties in managing foreign operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 247.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 247.10 Td (social, political and economic instability;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 226.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 226.10 Td (restrictions on travel to and from international locations as a result of viruses, such as the recent outbreak of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 214.10 Td (coronavirus;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 193.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 193.10 Td (political tensions between the U.S. and foreign countries;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 172.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 172.10 Td (compliance with, changes in or adoption of current, new or expanded regulatory requirements, particularly in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 160.10 Td (wearable technology space;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 139.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 139.10 Td (our ability to finance foreign operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 118.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 118.10 Td (tarif) Tj ET Q q 0 0 0 rg BT 101.97 118.10 Td (fs and other trade barriers; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 97.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 97.10 Td (U.S. government licensing requirements for exports.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 76.10 Td (The occurrence or consequences of any of these risks may restrict our ability to operate in the af) Tj ET Q q 0 0 0 rg BT 456.39 76.10 Td (fected regions and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 64.10 Td (decrease the profitability of our international operations, which may seriously harm our financial condition.) Tj ET Q endstream endobj 53 0 obj <>] /Rotate 0 /Contents 54 0 R>> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 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 49.50 742.25 Td (Foreign currency fluctuations could adversely impact our financial condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 721.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 721.25 Td (e generally purchase our products in U.S. dollars. However) Tj ET Q q 0 0 0 rg BT 318.61 721.25 Td (, we source a significant amount of our products overseas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 709.25 Td (and, as such, the cost of these products may be af) Tj ET Q q 0 0 0 rg BT 246.48 709.25 Td (fected by changes in the value of the currencies of these countries, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 697.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.67 697.25 Td (Australian dollar) Tj ET Q q 0 0 0 rg BT 130.75 697.25 Td (, British pound, Canadian dollar) Tj ET Q q 0 0 0 rg BT 258.66 697.25 Td (, Chinese yuan, Danish krone, euro, Hong Kong dollar) Tj ET Q q 0 0 0 rg BT 476.55 697.25 Td (, Indian rupee, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 685.25 Td (Japanese yen, South Korean won, Malaysian ringgit, Mexican peso, Norwegian kroner) Tj ET Q q 0 0 0 rg BT 396.23 685.25 Td (, Singapore dollar) Tj ET Q q 0 0 0 rg BT 467.20 685.25 Td (, Swedish krona, Swiss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 673.25 Td (franc and ) Tj ET Q q 0 0 0 rg BT 89.29 673.25 Td (T) Tj ET Q q 0 0 0 rg BT 94.71 673.25 Td (aiwanese dollar) Tj ET Q q 0 0 0 rg BT 156.62 673.25 Td (. Due to our dependence on manufacturing operations in China, changes in the value of the Chinese ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 661.25 Td (yuan may have a material impact on our supply channels and manufacturing costs, including component and assembly costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 640.25 Td (In addition, changes in currency exchange rates may also af) Tj ET Q q 0 0 0 rg BT 312.11 640.25 Td (fect the prices at which we sell products in foreign markets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 628.25 Td (For fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.65 628.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.65 628.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.65 628.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.65 628.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.08 628.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.08 628.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.08 628.25 Td (63.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.91 628.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.91 628.25 Td (59.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.74 628.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.18 628.25 Td (58.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.01 628.25 Td ( of our consolidated net sales were generated outside of the U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 616.25 Td (In general, our overall financial results are af) Tj ET Q q 0 0 0 rg BT 229.23 616.25 Td (fected positively by a weaker U.S. dollar and are af) Tj ET Q q 0 0 0 rg BT 434.25 616.25 Td (fected negatively by a stronger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 604.25 Td (U.S. dollar as compared to the foreign currencies in which we conduct our business. For example, due to a generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.69 604.25 Td (stronger) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.46 604.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.25 Td (U.S. dollar in fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.75 592.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.75 592.25 Td (, the translation of foreign based net sales into U.S. dollars ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.37 592.25 Td (reduced) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.01 592.25 Td ( our reported net sales by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.76 580.25 Td ($48.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.65 580.25 Td (. If the value of the U.S. dollar remains at its current levels or strengthens further against foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.25 Td (currencies, particularly against the euro, Chinese yuan, Indian rupee, Canadian dollar) Tj ET Q q 0 0 0 rg BT 390.08 568.25 Td (, South Korean won, British pound and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.25 Td (Japanese yen, our financial condition and results of operations could be materially and adversely impacted. ) Tj ET Q q 0 0 0 rg BT 479.64 556.25 Td (Although we utilize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.25 Td (forward contracts to help mitigate foreign currency risks \(mostly relating to the euro, Canadian dollar) Tj ET Q q 0 0 0 rg BT 454.80 544.25 Td (, British pound, Japanese ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.25 Td (yen, Mexican peso and ) Tj ET Q q 0 0 0 rg BT 143.64 532.25 Td (Australian dollar\), foreign currency fluctuations may have a material adverse impact on our financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.25 Td (condition and results of operations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 499.25 Td (The European economic uncertainty and any further debt crisis could adversely impact our financial condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 478.25 Td (The European economic situation, particularly with the withdrawal by the United Kingdom from the European Union, has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.25 Td (contributed to instability in certain international credit markets. During fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.95 466.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.95 466.25 Td (, we generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.47 466.25 Td (32.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 466.25 Td ( of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.25 Td (consolidated net sales from our Europe segment. If global economic and market conditions, or economic conditions in Europe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.25 Td (remain uncertain or deteriorate, the value of the euro could decline. ) Tj ET Q q 0 0 0 rg BT 320.77 442.25 Td (Any additional financial instability in stressed European ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.25 Td (countries could have a contagion ef) Tj ET Q q 0 0 0 rg BT 191.21 430.25 Td (fect on the region and contribute to the general instability and uncertainty in the European ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.25 Td (Union. If this were to occur or if the value of the euro were to weaken against the U.S. dollar) Tj ET Q q 0 0 0 rg BT 420.64 418.25 Td (, our financial condition and results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.25 Td (of operations could be materially and adversely impacted.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 385.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 385.25 Td (e depend on independent distributors to sell our products in certain international markets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 364.25 Td (Our products are sold in certain international markets through independent distributors. If a distributor fails to meet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.25 Td (annual sales goals or breaches the terms of our distribution agreement, it may be dif) Tj ET Q q 0 0 0 rg BT 384.50 352.25 Td (ficult and costly to locate an acceptable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.25 Td (substitute distributor) Tj ET Q q 0 0 0 rg BT 131.45 340.25 Td (. If a change in our distributors becomes necessary) Tj ET Q q 0 0 0 rg BT 333.23 340.25 Td (, we may experience increased costs, as well as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.25 Td (substantial disruption in, and a resulting loss of, sales and profits.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 307.25 Td (Because we depend on foreign manufacturing, we are vulnerable to changes in economic and social conditions in ) Tj ET Q q 0 0 0 rg BT 520.26 307.25 Td (Asia, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 295.25 Td (particularly China, and disruptions in international travel and shipping.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 274.25 Td (Because a substantial portion of our watches and jewelry and certain of our handbags, sunglasses and other products are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.25 Td (assembled or manufactured in China, our success will depend to a significant extent upon future economic and social conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.25 Td (existing in China. If the factories in China are disrupted for any reason, we would need to arrange for the manufacture and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.25 Td (shipment of products by alternative sources. Because the establishment of new manufacturing relationships involves numerous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.25 Td (uncertainties, including those relating to payment terms, costs of manufacturing, adequacy of manufacturing capacity) Tj ET Q q 0 0 0 rg BT 518.14 226.25 Td (, quality ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.25 Td (control and timeliness of delivery) Tj ET Q q 0 0 0 rg BT 183.26 214.25 Td (, we are unable to predict whether such new relationships would be on terms that we regard as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.25 Td (satisfactory) Tj ET Q q 0 0 0 rg BT 94.94 202.25 Td (. ) Tj ET Q q 0 0 0 rg BT 99.39 202.25 Td (Any significant disruption in our relationships with our manufacturing sources located in China would have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.25 Td (material adverse ef) Tj ET Q q 0 0 0 rg BT 125.38 190.25 Td (fect on our ability to manufacture and distribute our products. In addition, restrictions on travel to and from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.25 Td (this and other regions, such as has occurred with the coronavirus, and any delays or cancellations of customer orders or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.25 Td (manufacture or shipment of our products, including on account of the coronavirus or other health crises, could have a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.25 Td (adverse ef) Tj ET Q q 0 0 0 rg BT 90.13 154.25 Td (fect on our ability to meet customer deadlines and timely distribute our products in order to match consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.25 Td (expectations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 121.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 121.25 Td (e face risks associated with increased political uncertainty) Tj ET Q q 0 0 0 rg BT 295.88 121.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 97.25 Td (In the U.S., the change in the U.S. government administration has resulted in uncertainty regarding potential changes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.25 Td (regulations, fiscal policy) Tj ET Q q 0 0 0 rg BT 147.43 85.25 Td (, social programs, domestic and foreign relations and international trade policies. Potential changes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.25 Td (relationships among the U.S., China, Russia and other countries could have significant impacts on global trade and regional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 61.25 Td (economic conditions, among other things. In addition, changes in the relationships between the U.S. and its neighbors, such as ) Tj ET Q endstream endobj 55 0 obj <>] /Rotate 0 /Contents 56 0 R>> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (Mexico, could have significant, potentially negative, impacts on commerce. Further) Tj ET Q q 0 0 0 rg BT 386.78 742.10 Td (, anti-American sentiment could harm the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (reputation and success of U.S. companies doing business abroad.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 706.10 Td (In Europe, the populist movement resulted in the Brexit vote, and other election results are signaling increasing populist ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (demands and rises in nationalism, which could have a negative impact on economic policy and consequently pose a potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (threat to the unity of the European Union.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 658.10 Td (Our business is dependent upon its international operations, particularly in ) Tj ET Q q 0 0 0 rg BT 371.66 658.10 Td (Asia and Europe. During fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.39 658.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.39 658.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 646.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.94 646.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.94 646.10 Td (, we generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.46 646.10 Td (63.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.29 646.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.29 646.10 Td (59.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.12 646.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.56 646.10 Td (58.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.39 646.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 324.05 646.10 Td (, of our net sales outside the U.S. In addition, we source ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (the vast majority of our products from outside the U.S.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 610.10 Td (Our ability to respond to these developments or comply with any resulting new legal or regulatory requirements, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (those involving economic and trade sanctions, could reduce our sales, increase our costs of doing business, reduce our financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (flexibility and otherwise have a material adverse ef) Tj ET Q q 0 0 0 rg BT 253.95 586.10 Td (fect on our business, financial condition and results of our operations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (Risks associated with foreign government regulations and U.S. trade policy may af) Tj ET Q q 0 0 0 rg BT 389.06 562.10 Td (fect our foreign operations and sourcing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 541.10 Td (Our businesses are subject to risks generally associated with doing business abroad, such as foreign governmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 529.10 Td (regulation in the countries in which our manufacturing sources are located, primarily China. ) Tj ET Q q 0 0 0 rg BT 420.04 529.10 Td (While we have not experienced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 517.10 Td (any material issues with foreign governmental regulations that would impact our arrangements with our foreign manufacturing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 505.10 Td (sources, we believe that this issue is of particular concern with regard to China due to the less mature nature of the Chinese ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 493.10 Td (market economy) Tj ET Q q 0 0 0 rg BT 115.77 493.10 Td (, the historical involvement of the Chinese government in the industry and recent trade tensions between China ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 481.10 Td (and the U.S. If regulations were to render the conduct of business in a particular country undesirable or impracticable, or if our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 469.10 Td (current foreign manufacturing sources were for any other reason to cease doing business with us, such a development could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 457.10 Td (have a material adverse ef) Tj ET Q q 0 0 0 rg BT 153.70 457.10 Td (fect on our product sales and on our supply) Tj ET Q q 0 0 0 rg BT 325.79 457.10 Td (, manufacturing and distribution channels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 436.10 Td (Our business is also subject to risks associated with U.S. and foreign legislation and regulations relating to imports, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.10 Td (including quotas, duties, tarif) Tj ET Q q 0 0 0 rg BT 166.24 424.10 Td (fs or taxes, and other char) Tj ET Q q 0 0 0 rg BT 269.35 424.10 Td (ges or restrictions on imports, which could adversely af) Tj ET Q q 0 0 0 rg BT 491.06 424.10 Td (fect our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.10 Td (operations and our ability to import products at current or increased levels. ) Tj ET Q q 0 0 0 rg BT 350.62 412.10 Td (W) Tj ET Q q 0 0 0 rg BT 359.26 412.10 Td (e cannot predict whether additional U.S. and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td (foreign customs quotas, duties \(including antidumping or countervailing duties\), tarif) Tj ET Q q 0 0 0 rg BT 390.09 400.10 Td (fs, taxes or other char) Tj ET Q q 0 0 0 rg BT 476.26 400.10 Td (ges or restrictions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.10 Td (requirements as to where raw materials must be purchased, additional workplace regulations or other restrictions on our imports ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (will be imposed upon the importation of our products in the future or adversely modified, or what ef) Tj ET Q q 0 0 0 rg BT 450.33 376.10 Td (fect such actions would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (have on our costs of operations. For example, our products imported to the U.S. are subject to U.S. customs duties, and in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (ordinary course of our business, we may from time to time be subject to claims by the U.S. Customs Service for duties and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.10 Td (other char) Tj ET Q q 0 0 0 rg BT 89.57 340.10 Td (ges. Factors that may influence the modification or imposition of these restrictions include the determination by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 69.60 328.10 Td (T) Tj ET Q q 0 0 0 rg BT 75.36 328.10 Td (rade Representative that a country has denied adequate intellectual property rights or fair and equitable market access to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.10 Td (U.S. firms that rely on intellectual property) Tj ET Q q 0 0 0 rg BT 221.58 316.10 Td (, trade disputes between the U.S. and a country that leads to withdrawal of "most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.10 Td (favored nation" status for that country and economic and political changes within a country that are viewed unfavorably by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (U.S. government. Future quotas, duties or tarif) Tj ET Q q 0 0 0 rg BT 235.96 292.10 Td (fs may have a material adverse ef) Tj ET Q q 0 0 0 rg BT 369.59 292.10 Td (fect on our business, financial condition and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (results of operations. Future trade agreements could also provide our competitors with an advantage over us, or increase our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td (costs, either of which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 266.45 268.10 Td (fect on our business, financial condition and results of operations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.10 Td (financial condition. Substantially all of our import operations are subject to customs duties imposed by the governments where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.10 Td (our production facilities are located on imported products, including raw materials.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 223.10 Td (Risk Factors Relating to Our) Tj ET Q q 0 0 0 rg BT 173.20 223.10 Td ( Common Stock) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (Many factors may cause our net sales, operating results and cash flows to fluctuate and possibly decline, which may result ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (in declines in our stock price.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 169.10 Td (Our net sales, operating results and cash flows may fluctuate significantly because of a number of factors, many of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 157.10 Td (are outside of our control. ) Tj ET Q q 0 0 0 rg BT 155.40 157.10 Td (These factors may include, but may not be limited to, the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 136.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 136.10 Td (fluctuations in market demand for our products;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 115.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 115.10 Td (increased competition and pricing pressures;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 94.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 94.10 Td (our ability to anticipate changing customer demands and preferences;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 73.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 73.10 Td (our ability to compete in the wearable technology space;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 52.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 52.10 Td (growth in our international operations;) Tj ET Q endstream endobj 57 0 obj <>] /Rotate 0 /Contents 58 0 R>> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 742.10 Td (our failure to ef) Tj ET Q q 0 0 0 rg BT 147.79 742.10 Td (ficiently manage our inventory levels;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 721.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 721.10 Td (our inability to manage and maintain our debt obligations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 700.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 700.10 Td (seasonality in our business;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 679.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 679.10 Td (changes in our) Tj ET Q q 0 0 0 rg BT 143.42 679.10 Td (, and our competitors', business strategy or pricing;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 658.10 Td (implementation of our restructuring plan;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 637.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 637.10 Td (the successful management of our Company-owned retail store operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 616.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 616.10 Td (the timing of certain selling, general and administrative expenses;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 595.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 595.10 Td (completing acquisitions and the costs of integrating acquired operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 574.10 Td (international currency fluctuations, operating challenges and trade regulations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 553.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 553.10 Td (acts of terrorism or acts of war; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 532.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 532.10 Td (government regulation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 511.10 Td (One or more of the foregoing factors may cause our operating expenses to be unexpectedly high or result in a decrease in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 499.10 Td (our net sales during any given period. If these or any other variables or unknowns were to cause a shortfall in revenues or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 487.10 Td (earnings, an increase in our operating costs or otherwise cause a failure to meet public market expectations, our stock price may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 475.10 Td (decline and our business could be adversely af) Tj ET Q q 0 0 0 rg BT 235.09 475.10 Td (fected.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (Our CEO owns approximately ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 176.74 454.10 Td (6.6%) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 197.57 454.10 Td ( of our outstanding common stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 433.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 85.17 433.10 Td (.Kosta Kartsotis owns approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.48 433.10 Td (6.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.31 433.10 Td ( of our common stock as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.23 433.10 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.82 433.10 Td (. ) Tj ET Q q 0 0 0 rg BT 454.27 433.10 Td (As a result, he is in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 421.10 Td (position to influence the outcome of elections of our directors, the adoption, amendment or repeal of our bylaws and any other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 409.10 Td (actions requiring the vote or consent of our stockholders, and to otherwise influence our af) Tj ET Q q 0 0 0 rg BT 411.71 409.10 Td (fairs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 388.10 Td (Because the interests of Mr) Tj ET Q q 0 0 0 rg BT 182.36 388.10 Td (.Kartsotis may not coincide with the interests of other stockholders, Mr) Tj ET Q q 0 0 0 rg BT 469.25 388.10 Td (.Kartsotis may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (influence the Company to enter into transactions or agreements that other stockholders would not approve or make decisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (with which other stockholders may disagree.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 343.10 Td (Our organizational documents contain anti-takeover provisions that could discourage a proposal for a takeover) Tj ET Q q 0 0 0 rg BT 507.04 343.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 322.10 Td (Our certificate of incorporation and bylaws, as well as the General Corporation Law of the State of Delaware, contain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (provisions that may have the ef) Tj ET Q q 0 0 0 rg BT 174.56 310.10 Td (fect of discouraging a proposal for a takeover) Tj ET Q q 0 0 0 rg BT 355.88 310.10 Td (. ) Tj ET Q q 0 0 0 rg BT 360.70 310.10 Td (These include a provision in our certificate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (incorporation authorizing the issuance of "blank check" preferred stock and provisions in our bylaws establishing advance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (notice procedures with respect to certain stockholder proposals. Our bylaws may be amended by a vote of 80% of the Board of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (Directors, subject to repeal by a vote of 80% of the stockholders. In addition, Delaware law limits the ability of a Delaware ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (corporation to engage in certain business combinations with interested stockholders. Finally) Tj ET Q q 0 0 0 rg BT 416.82 262.10 Td (, Mr) Tj ET Q q 0 0 0 rg BT 433.49 262.10 Td (.Kartsotis has the ability) Tj ET Q q 0 0 0 rg BT 532.55 262.10 Td (, by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (virtue of his stock ownership, to influence a vote regarding a change in control.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 229.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 82.54 229.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.25 229.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 113.61 229.10 Td (our ) Tj ET Q q 0 0 0 rg BT 129.99 229.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 169.14 229.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 208.85 229.10 Td (or ) Tj ET Q q 0 0 0 rg BT 219.66 229.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 252.68 229.10 Td (other ) Tj ET Q q 0 0 0 rg BT 276.28 229.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 345.44 229.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 390.70 229.10 Td (we ) Tj ET Q q 0 0 0 rg BT 403.73 229.10 Td (have ) Tj ET Q q 0 0 0 rg BT 425.10 229.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 462.57 229.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.28 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.98 229.10 Td (public ) Tj ET Q q 0 0 0 rg BT 514.46 229.10 Td (could ) Tj ET Q q 0 0 0 rg BT 539.17 229.10 Td (result ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.34 217.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.84 217.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 99.77 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 110.61 217.10 Td (our ) Tj ET Q q 0 0 0 rg BT 127.57 217.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 151.17 217.10 Td (price.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 193.10 Td (From ) Tj ET Q q 0 0 0 rg BT 95.19 193.10 Td (time ) Tj ET Q q 0 0 0 rg BT 114.49 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.80 193.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 145.59 193.10 Td (we ) Tj ET Q q 0 0 0 rg BT 158.78 193.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 190.85 193.10 Td (public ) Tj ET Q q 0 0 0 rg BT 217.37 193.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 254.99 193.10 Td (on ) Tj ET Q q 0 0 0 rg BT 266.52 193.10 Td (our ) Tj ET Q q 0 0 0 rg BT 281.37 193.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 318.43 193.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 354.93 193.10 Td (results ) Tj ET Q q 0 0 0 rg BT 382.57 193.10 Td (or ) Tj ET Q q 0 0 0 rg BT 392.42 193.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 426.16 193.10 Td (other ) Tj ET Q q 0 0 0 rg BT 448.23 193.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 515.30 193.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 181.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.14 181.10 Td (future ) Tj ET Q q 0 0 0 rg BT 91.00 181.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 125.71 181.10 Td (W) Tj ET Q q 0 0 0 rg BT 134.35 181.10 Td (e ) Tj ET Q q 0 0 0 rg BT 141.77 181.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 175.85 181.10 Td (our ) Tj ET Q q 0 0 0 rg BT 192.16 181.10 Td (business ) Tj ET Q q 0 0 0 rg BT 229.04 181.10 Td (to ) Tj ET Q q 0 0 0 rg BT 239.80 181.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 282.21 181.10 Td (our ) Tj ET Q q 0 0 0 rg BT 298.52 181.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 329.84 181.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.26 181.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 398.01 181.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.43 181.10 Td (not ) Tj ET Q q 0 0 0 rg BT 431.19 181.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.96 181.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 475.47 181.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 513.43 181.10 Td (or ) Tj ET Q q 0 0 0 rg BT 524.75 181.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 169.10 Td (tar) Tj ET Q q 0 0 0 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119.41 157.10 Td (our ) Tj ET Q q 0 0 0 rg BT 135.20 157.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 187.64 157.10 Td (for ) Tj ET Q q 0 0 0 rg BT 201.76 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.43 157.10 Td (future ) Tj ET Q q 0 0 0 rg BT 242.77 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.67 157.10 Td (is ) Tj ET Q q 0 0 0 rg BT 268.80 157.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 295.70 157.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.93 157.10 Td (our ) Tj ET Q q 0 0 0 rg BT 321.72 157.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 355.85 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.75 157.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 410.20 157.10 Td (stockholders, ) Tj ET Q q 0 0 0 rg BT 465.71 157.10 Td (such ) Tj ET Q q 0 0 0 rg BT 486.50 157.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 525.05 157.10 Td (is ) Tj ET Q q 0 0 0 rg BT 534.18 157.10 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 145.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.55 145.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 83.22 145.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 136.58 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.29 145.10 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 207.01 145.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 226.50 145.10 Td (such ) Tj ET Q q 0 0 0 rg BT 247.11 145.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 285.47 145.10 Td (or ) Tj ET Q q 0 0 0 rg BT 296.08 145.10 Td (other ) Tj ET Q q 0 0 0 rg BT 318.90 145.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 386.71 145.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 431.19 145.10 Td (are ) Tj ET Q q 0 0 0 rg BT 445.67 145.10 Td (predictions ) Tj ET Q q 0 0 0 rg BT 492.38 145.10 Td (based ) Tj ET Q q 0 0 0 rg BT 517.42 145.10 Td (on ) Tj ET Q q 0 0 0 rg BT 529.69 145.10 Td (our ) Tj ET Q q 0 0 0 rg BT 545.29 145.10 Td (then ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 133.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 84.86 133.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 138.53 133.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.67 133.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 204.79 133.10 Td (about ) Tj ET Q q 0 0 0 rg BT 230.70 133.10 Td (future ) Tj ET Q q 0 0 0 rg BT 258.27 133.10 Td (events ) Tj ET Q q 0 0 0 rg BT 287.52 133.10 Td (that ) Tj ET Q q 0 0 0 rg BT 306.20 133.10 Td (we ) Tj ET Q q 0 0 0 rg BT 321.56 133.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 354.12 133.10 Td (are ) Tj ET Q q 0 0 0 rg BT 370.02 133.10 Td (reasonable. ) Tj ET Q q 0 0 0 rg BT 418.16 133.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 448.51 133.10 Td (events ) Tj ET Q q 0 0 0 rg BT 477.75 133.10 Td (or ) Tj ET Q q 0 0 0 rg BT 489.77 133.10 Td (results ) Tj ET Q q 0 0 0 rg BT 519.57 133.10 Td (may ) Tj ET Q q 0 0 0 rg BT 540.48 133.10 Td (dif) Tj ET Q q 0 0 0 rg BT 551.41 133.10 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 92.21 121.10 Td (from ) Tj ET Q q 0 0 0 rg BT 113.82 121.10 Td (our ) Tj ET Q q 0 0 0 rg BT 129.32 121.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 183.97 121.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.58 121.10 Td (as ) Tj ET Q q 0 0 0 rg BT 211.08 121.10 Td (such, ) Tj ET Q q 0 0 0 rg BT 234.08 121.10 Td (our ) Tj ET Q q 0 0 0 rg BT 249.58 121.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 275.62 121.10 Td (results ) Tj ET Q q 0 0 0 rg BT 303.90 121.10 Td (may ) Tj ET Q q 0 0 0 rg BT 323.29 121.10 Td (not ) Tj ET Q q 0 0 0 rg BT 338.24 121.10 Td (be ) Tj ET Q q 0 0 0 rg BT 349.84 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 359.79 121.10 Td (line ) Tj ET Q q 0 0 0 rg BT 376.96 121.10 Td (with ) Tj ET Q q 0 0 0 rg BT 396.91 121.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 435.17 121.10 Td (we ) Tj ET Q q 0 0 0 rg BT 449.00 121.10 Td (have ) Tj ET Q q 0 0 0 rg BT 470.05 121.10 Td (provided. ) Tj ET Q q 0 0 0 rg BT 510.11 121.10 Td (W) Tj ET Q q 0 0 0 rg BT 518.75 121.10 Td (e ) Tj ET Q q 0 0 0 rg BT 525.36 121.10 Td (are ) Tj ET Q q 0 0 0 rg BT 539.73 121.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.10 Td (no ) Tj ET Q q 0 0 0 rg BT 61.94 109.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 82.15 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.37 109.10 Td (update ) Tj ET Q q 0 0 0 rg BT 121.46 109.10 Td (any ) Tj ET Q q 0 0 0 rg BT 138.34 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.11 109.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.88 109.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 232.85 109.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 277.50 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.72 109.10 Td (conform ) Tj ET Q q 0 0 0 rg BT 324.03 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.25 109.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 360.56 109.10 Td (results ) Tj ET Q q 0 0 0 rg BT 389.11 109.10 Td (or ) Tj ET Q q 0 0 0 rg BT 399.87 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.09 109.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 444.73 109.10 Td (in ) Tj ET Q q 0 0 0 rg BT 454.95 109.10 Td (our ) Tj ET Q q 0 0 0 rg BT 470.72 109.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 525.64 109.10 Td (except ) Tj ET Q q 0 0 0 rg BT 554.17 109.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.10 Td (required ) Tj ET Q q 0 0 0 rg BT 85.28 97.10 Td (by ) Tj ET Q q 0 0 0 rg BT 97.75 97.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 127.97 97.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 168.20 97.10 Td (laws. ) Tj ET Q q 0 0 0 rg BT 191.50 97.10 Td (If ) Tj ET Q q 0 0 0 rg BT 200.63 97.10 Td (our ) Tj ET Q q 0 0 0 rg BT 216.42 97.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 253.87 97.10 Td (results ) Tj ET Q q 0 0 0 rg BT 282.45 97.10 Td (for ) Tj ET Q q 0 0 0 rg BT 296.58 97.10 Td (a ) Tj ET Q q 0 0 0 rg BT 303.48 97.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 344.26 97.10 Td (period ) Tj ET Q q 0 0 0 rg BT 372.27 97.10 Td (do ) Tj ET Q q 0 0 0 rg BT 384.74 97.10 Td (not ) Tj ET Q q 0 0 0 rg BT 399.99 97.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 421.89 97.10 Td (our ) Tj ET Q q 0 0 0 rg BT 437.68 97.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 476.25 97.10 Td (or ) Tj ET Q q 0 0 0 rg BT 487.04 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.73 97.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 554.17 97.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 90.91 85.10 Td (or ) Tj ET Q q 0 0 0 rg BT 102.03 85.10 Td (if ) Tj ET Q q 0 0 0 rg BT 110.94 85.10 Td (we ) Tj ET Q q 0 0 0 rg BT 125.40 85.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 154.84 85.10 Td (our ) Tj ET Q q 0 0 0 rg BT 170.97 85.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 209.86 85.10 Td (for ) Tj ET Q q 0 0 0 rg BT 224.32 85.10 Td (future ) Tj ET Q q 0 0 0 rg BT 250.99 85.10 Td (periods, ) Tj ET Q q 0 0 0 rg BT 285.73 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.75 85.10 Td (market ) Tj ET Q q 0 0 0 rg BT 331.31 85.10 Td (price ) Tj ET Q q 0 0 0 rg BT 354.09 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.22 85.10 Td (our ) Tj ET Q q 0 0 0 rg BT 381.35 85.10 Td (common ) Tj ET Q q 0 0 0 rg BT 419.14 85.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 443.04 85.10 Td (may ) Tj ET Q q 0 0 0 rg BT 463.06 85.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 494.73 85.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.97 85.10 Td (stockholders ) Tj ET Q BT /F1 10.00 Tf 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(do ) Tj ET Q q 0 0 0 rg BT 62.00 61.10 Td (so ) Tj ET Q q 0 0 0 rg BT 73.39 61.10 Td (at ) Tj ET Q q 0 0 0 rg BT 83.11 61.10 Td (their ) Tj ET Q q 0 0 0 rg BT 103.93 61.10 Td (own ) Tj ET Q q 0 0 0 rg BT 123.66 61.10 Td (risk.) Tj ET Q endstream endobj 59 0 obj <>] /Rotate 0 /Contents 60 0 R>> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (26) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (Reports published by securities or industry analysts, including projections in those reports that exceed our actual results, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 730.25 Td (could adversely af) Tj ET Q q 0 0 0 rg BT 123.74 730.25 Td (fect our stock price and trading volume.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 709.25 Td (Research analysts publish their own quarterly projections regarding our operating results. ) Tj ET Q q 0 0 0 rg BT 431.72 709.25 Td (These projections may vary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 697.25 Td (widely from one another and may not accurately predict the results we actually achieve. Our stock price may decline if we fail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 685.25 Td (to meet securities research analysts' projections. Similarly) Tj ET Q q 0 0 0 rg BT 280.31 685.25 Td (, if one or more of the analysts who covers us downgrades our stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 673.25 Td (or publishes inaccurate or unfavorable research about our business, our stock price could decline. If one or more of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 661.25 Td (analysts ceases coverage of us or fails to publish reports on us regularly) Tj ET Q q 0 0 0 rg BT 335.44 661.25 Td (, our stock price or trading volume could decline. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 649.25 Td (2019, the number of analysts covering our stock decreased from six to three.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 628.25 Td (Future sales of our common stock in the public market could adversely af) Tj ET Q q 0 0 0 rg BT 352.65 628.25 Td (fect our stock price.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 607.25 Td (The shares of our common stock beneficially owned by Mr) Tj ET Q q 0 0 0 rg BT 309.83 607.25 Td (.Kartsotis may be sold in the open market in the future, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 595.25 Td (subject to any volume restrictions and other limitations under the Securities ) Tj ET Q q 0 0 0 rg BT 353.60 595.25 Td (Act of 1933 and Rule144 thereunder) Tj ET Q q 0 0 0 rg BT 501.90 595.25 Td (. ) Tj ET Q q 0 0 0 rg BT 506.72 595.25 Td (W) Tj ET Q q 0 0 0 rg BT 515.35 595.25 Td (e may also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 583.25 Td (decide to filea registration statement enabling Mr) Tj ET Q q 0 0 0 rg BT 248.60 583.25 Td (.Kartsotis to sell additional shares. ) Tj ET Q q 0 0 0 rg BT 390.80 583.25 Td (Any sales by Mr) Tj ET Q q 0 0 0 rg BT 456.63 583.25 Td (.Kartsotis of substantial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 571.25 Td (amounts of our common stock in the open market, or the availability of his shares for sale, could adversely af) Tj ET Q q 0 0 0 rg BT 486.70 571.25 Td (fect the price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 559.25 Td (our common stock. ) Tj ET Q q 0 0 0 rg BT 128.75 559.25 Td (The market price of our common stock could decline as a result of sales of substantial amounts of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 547.25 Td (common stock in the public market, or the perception that those sales could occur) Tj ET Q q 0 0 0 rg BT 375.52 547.25 Td (. ) Tj ET Q q 0 0 0 rg BT 380.34 547.25 Td (These sales or the possibility that they may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 535.25 Td (occur also could make it more dif) Tj ET Q q 0 0 0 rg BT 183.72 535.25 Td (ficult for us to raise funds in any equity of) Tj ET Q q 0 0 0 rg BT 352.11 535.25 Td (fering in the future at a time and price that we deem ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 523.25 Td (appropriate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (Item1B.Unr) Tj ET Q q 0 0 0 rg BT 113.70 502.25 Td (esolved Staff Comments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 481.25 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (Item2.Pr) Tj ET Q q 0 0 0 rg BT 100.36 460.25 Td (operties) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 74.00 439.25 Td (Company facilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.44 439.25 Td () Tj ET Q q 0 0 0 rg BT 162.89 439.25 Td (As of the end of fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.68 439.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.68 439.25 Td (, we owned or leased the following material facilities in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.25 Td (connection with our U.S. and international operations:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 387.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 149.50 387.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.50 387.75 217.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 387.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 387.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 387.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 387.75 113.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg 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327.75 113.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 297.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 149.50 297.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.50 297.75 217.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 297.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 297.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 297.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 297.75 113.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 267.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 149.50 267.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.50 267.75 217.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 267.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 267.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 267.75 4.00 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BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.40 391.98 Td (Footage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.15 391.98 Td (Owned / Leased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 377.42 Td (Eggsttt, Germany) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 377.42 Td (Of) Tj ET Q q 0 0 0 rg BT 166.46 377.42 Td (fice, warehouse and distribution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 378.32 Td (383,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 378.32 Td (Owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 362.42 Td (Grabensttt, Germany) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 362.42 Td (Of) Tj ET Q q 0 0 0 rg BT 166.46 362.42 Td (fice) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 363.32 Td (92,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 363.32 Td (Owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 347.42 Td (Richardson, ) Tj ET Q q 0 0 0 rg BT 102.46 347.42 Td (T) Tj ET Q q 0 0 0 rg BT 108.13 347.42 Td (exas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 347.42 Td (Corporate headquarters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 348.32 Td (536,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 348.32 Td (Lease expiring in 2031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 332.42 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 82.46 332.42 Td (T) Tj ET Q q 0 0 0 rg BT 88.13 332.42 Td (exas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 332.42 Td (Of) Tj ET Q q 0 0 0 rg BT 166.46 332.42 Td (fice, warehouse and distribution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 333.32 Td (518,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 333.32 Td (Lease expiring in 2026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 317.42 Td (Hong Kong) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 317.42 Td (W) Tj ET Q q 0 0 0 rg BT 165.04 317.42 Td (arehouse and distribution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 318.32 Td (205,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 318.32 Td (Lease expiring in 2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 302.42 Td (Garland, ) Tj ET Q q 0 0 0 rg BT 89.12 302.42 Td (T) Tj ET Q q 0 0 0 rg BT 94.79 302.42 Td (exas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 302.42 Td (W) Tj ET Q q 0 0 0 rg BT 165.04 302.42 Td (arehouse) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 303.32 Td (154,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 303.32 Td (Lease expiring in 2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 287.42 Td (Basel, Switzerland) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 287.42 Td (Europe headquarters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 288.32 Td (140,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 288.32 Td (Lease expiring in 2036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 272.42 Td (Shenzhen, China) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 272.42 Td (Manufacturing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 273.32 Td (1) Tj ET Q q 0 0 0 rg BT 413.15 273.32 Td (10,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 273.32 Td (Lease expiring in 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 257.42 Td (Hong Kong) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 257.42 Td (Asia headquarters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 258.32 Td (42,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 258.32 Td (Lease expiring in 2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 242.42 Td (New ) Tj ET Q q 0 0 0 rg BT 73.20 242.42 Td (Y) Tj ET Q q 0 0 0 rg BT 79.73 242.42 Td (ork, New ) Tj ET Q q 0 0 0 rg BT 118.76 242.42 Td (Y) Tj ET Q q 0 0 0 rg BT 125.29 242.42 Td (ork) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 242.42 Td (General of) Tj ET Q q 0 0 0 rg BT 198.29 242.42 Td (fice and showroom) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 243.32 Td (27,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 243.32 Td (Lease expiring in 2027) Tj ET Q BT /F1 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 74.00 205.25 Td (Retail store facilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.93 205.25 Td () Tj ET Q q 0 0 0 rg BT 170.38 205.25 Td (As of the end of fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.17 205.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.17 205.25 Td (, we had 457 lease agreements for retail space for the sale of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 89.26 193.25 Td (The leases, including renewal options, expire at various times through 2030. ) Tj ET Q q 0 0 0 rg BT 396.78 193.25 Td (The leases provide for minimum annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td (rentals and, in certain cases, for the payment of additional rent when sales exceed specified net sales amounts. ) Tj ET Q q 0 0 0 rg BT 492.16 181.25 Td (W) Tj ET Q q 0 0 0 rg BT 500.80 181.25 Td (e are also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.25 Td (generally required to pay our pro rata share of common area maintenance costs, real estate taxes, insurance, maintenance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.25 Td (expenses and utilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 136.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 136.25 Td (e believe that our material existing facilities are well maintained, in good operating condition, and are adequate for our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (needs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 103.25 Td (Item3.Legal Pr) Tj ET Q q 0 0 0 rg BT 126.74 103.25 Td (oceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 82.25 Td (The Company is occasionally subject to litigation or other legal proceedings in the normal course of its business. ) Tj ET Q q 0 0 0 rg BT 527.33 82.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (Company does not believe that the outcome of any currently pending legal matters, individually or collectively) Tj ET Q q 0 0 0 rg BT 493.12 70.25 Td (, will have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (material ef) Tj ET Q q 0 0 0 rg BT 92.85 58.25 Td (fect on the business or financial condition of the Company) Tj ET Q q 0 0 0 rg BT 326.31 58.25 Td (.) Tj ET Q endstream endobj 61 0 obj <>] /Rotate 0 /Contents 62 0 R>> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (27) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item4.Mine Safety Disclosur) Tj ET Q q 0 0 0 rg BT 183.69 742.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 721.25 Td (Not applicable.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.33 688.25 Td (Our common stock is listed on the NASDAQ Global Select Market under the symbol "FOSL." ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 667.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.44 667.25 Td (February12, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.04 667.25 Td (, there were approximately 66 holders of record of our shares of common stock \(including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.25 Td (nominee holders such as banks and brokerage firms who hold shares for beneficial owners\), although we believe that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (number of beneficial owners is much higher) Tj ET Q q 0 0 0 rg BT 226.06 643.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 622.25 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 622.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.00 622.25 Td (have ) Tj ET Q q 0 0 0 rg BT 107.30 622.25 Td (not ) Tj ET Q q 0 0 0 rg BT 121.51 622.25 Td (declared ) Tj ET Q q 0 0 0 rg BT 156.79 622.25 Td (or ) Tj ET Q q 0 0 0 rg BT 166.55 622.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 185.19 622.25 Td (any ) Tj ET Q q 0 0 0 rg BT 201.05 622.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 241.36 622.25 Td (since ) Tj ET Q q 0 0 0 rg BT 263.34 622.25 Td (our ) Tj ET Q q 0 0 0 rg BT 278.09 622.25 Td (formation ) Tj ET Q q 0 0 0 rg BT 318.95 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.81 622.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 372.33 622.25 Td (do ) Tj ET Q q 0 0 0 rg BT 383.76 622.25 Td (not ) Tj ET Q q 0 0 0 rg BT 397.96 622.25 Td (intend ) Tj ET Q q 0 0 0 rg BT 424.38 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 433.58 622.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 449.45 622.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 489.76 622.25 Td (for ) Tj ET Q q 0 0 0 rg BT 502.84 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.48 622.25 Td (foreseeable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 78.88 610.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 96.93 610.25 Td (current ) Tj ET Q q 0 0 0 rg BT 127.74 610.25 Td (business ) Tj ET Q q 0 0 0 rg BT 164.14 610.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 183.85 610.25 Td (is ) Tj ET Q q 0 0 0 rg BT 193.02 610.25 Td (to ) Tj ET Q q 0 0 0 rg BT 203.30 610.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 228.56 610.25 Td (any ) Tj ET Q q 0 0 0 rg BT 245.50 610.25 Td (future ) Tj ET Q q 0 0 0 rg BT 271.88 610.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 308.26 610.25 Td (to ) Tj ET Q q 0 0 0 rg BT 318.54 610.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 350.46 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.18 610.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 396.01 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.84 610.25 Td (our ) Tj ET Q q 0 0 0 rg BT 422.67 610.25 Td (business.) 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Each index assumes $100 invested at December31, 2014 and is calculated assuming quarterly reinvestment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (dividends and quarterly weighting by market capitalization.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.05 664.25 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.05 664.25 Td ( COMP) Tj ET Q q 0 0 0 rg BT 266.35 664.25 Td (ARA) Tj ET Q q 0 0 0 rg BT 287.28 664.25 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 314.05 664.25 Td (T) Tj ET Q q 0 0 0 rg BT 320.54 664.25 Td (OT) Tj ET Q q 0 0 0 rg BT 334.25 664.25 Td (AL) Tj ET Q q 0 0 0 rg BT 347.59 664.25 Td ( RETURNS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.50 652.25 Td (Fossil Gr) Tj ET Q q 0 0 0 rg BT 305.48 652.25 Td (oup,Inc.,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.55 640.25 Td (NASDAQ Retail ) Tj ET Q q 0 0 0 rg BT 285.14 640.25 Td (T) Tj ET Q q 0 0 0 rg BT 291.07 640.25 Td (rades and S&P) Tj ET Q q 0 0 0 rg BT 354.97 640.25 Td (500 Index) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.65 628.25 Td (\(Performance Results thr) Tj ET Q q 0 0 0 rg BT 323.77 628.25 Td (ough 12/31/) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.94 628.25 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.94 628.25 Td (\)) Tj ET Q /GS0 gs q 460.00 0 0 255.00 76.00 359.25 cm /I20 Do Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 76.00 331.75 109.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 185.00 331.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.00 331.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.00 331.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 331.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 331.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 331.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 331.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 331.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 331.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 331.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 331.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 76.00 301.75 109.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 185.00 301.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.00 301.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.00 301.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 301.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 301.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 301.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 301.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 301.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 301.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 301.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 301.75 55.00 -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 185 331.75 m 240 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244 331.75 m 299 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 331.75 m 358 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 331.75 m 417 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 331.75 m 476 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 331.75 m 535 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 331.75 m 417 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 331.75 m 476 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 331.75 m 535 331.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 193.75 335.98 Td (12/31/2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 252.75 335.98 Td (12/31/2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.75 335.98 Td (12/31/2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.75 335.98 Td (12/31/2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.75 335.98 Td (12/31/2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.75 335.98 Td (12/31/2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 321.42 Td (Fossil Group, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 321.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.65 321.42 Td (100.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.50 321.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.65 321.42 Td (33.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 321.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 321.42 Td (23.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.50 321.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 321.42 Td (7.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.50 321.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 321.42 Td (14.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 321.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.65 321.42 Td (7.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 306.42 Td (S&P) Tj ET Q q 0 0 0 rg BT 97.22 306.42 Td ( 500 Index) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 306.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.65 306.42 Td (100.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.50 306.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.65 306.42 Td (99.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 306.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 306.42 Td (108.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.50 306.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 306.42 Td (129.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.50 306.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 306.42 Td (121.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 306.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 306.42 Td (156.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 291.42 Td (NASDAQ Retail ) Tj ET Q q 0 0 0 rg BT 148.87 291.42 Td (T) Tj ET Q q 0 0 0 rg BT 154.63 291.42 Td (rades) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 291.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.65 291.42 Td (100.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.50 291.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.65 291.42 Td (1) Tj ET Q q 0 0 0 rg BT 272.65 291.42 Td (1) Tj ET Q q 0 0 0 rg BT 277.65 291.42 Td (1.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 291.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 291.42 Td (1) Tj ET Q q 0 0 0 rg BT 331.65 291.42 Td (14.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.50 291.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 291.42 Td (142.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.50 291.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 291.42 Td (152.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 291.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 291.42 Td (191.27) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 266.25 Td (Pur) Tj ET Q q 0 0 0 rg BT 65.93 266.25 Td (chases of Equity Securities by the Issuer) Tj ET Q q 0 0 0 rg BT 236.86 266.25 Td ( and ) Tj ET Q q 0 0 0 rg BT 257.43 266.25 Td (Affiliated Pur) Tj ET Q q 0 0 0 rg BT 316.41 266.25 Td (chasers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 245.25 Td (In ) Tj ET Q q 0 0 0 rg BT 82.78 245.25 Td (August 2010, our Board of Directors approved a common stock repurchase program pursuant to which up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.25 Td ($30million could be used to repurchase outstanding shares of our common stock. ) Tj ET Q q 0 0 0 rg BT 379.20 233.25 Td (The $30 million repurchase program has no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.25 Td (termination date, and as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.85 221.25 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.44 221.25 Td (, no shares had been repurchased under it. ) Tj ET Q q 0 0 0 rg BT 406.82 221.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.26 221.25 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.85 221.25 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.25 Td (Company had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.33 209.25 Td ($30.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.22 209.25 Td ( of repurchase authorizations remaining under its repurchase program. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 188.25 Td (Common stock repurchases acquired from grantees in connection with income tax withholding obligations arising from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.25 Td (vesting of restricted stock grants were 3,316 shares for fiscal year 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 155.25 Td (There were no shares of common stock repurchased during fiscal year 2019 or 2018.) Tj ET Q endstream endobj 67 0 obj <>] /Rotate 0 /Contents 68 0 R>> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item6.Selected Financial Data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 721.25 Td (The following information should be read in conjunction with our consolidated financial statements and notes thereto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (contained in Item8. Consolidated Financial Statements and Supplementary Data of this ) Tj ET Q q 0 0 0 rg BT 402.43 709.25 Td (Annual Report on Form10-K \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (thousands, except for per share data\).) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 673.75 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 673.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 673.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 673.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 673.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 673.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 643.75 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 643.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 643.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 643.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 643.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 643.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 613.75 171.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 613.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 613.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 613.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 613.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 613.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 613.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 613.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 613.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 613.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 573.75 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 573.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 573.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 573.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 573.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 573.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 573.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 573.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 573.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 573.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 543.75 171.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 543.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 543.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 543.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 543.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 543.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 543.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 543.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 543.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 543.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 503.75 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 503.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 503.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 503.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 503.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 503.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 503.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 503.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 503.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 503.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 473.75 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 473.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 473.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 473.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 473.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 473.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 473.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 473.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 473.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 473.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 443.75 171.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 443.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 443.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 443.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 443.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 443.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 443.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 443.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 443.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 443.75 65.00 -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 221.5 673.75 m 286.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 673.75 m 355.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 673.75 m 424.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 673.75 m 493.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 673.75 m 562.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 673.75 m 286.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 673.75 m 355.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 673.75 m 424.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 673.75 m 562.5 673.75 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 53 676.730078125 m 90.619140625 676.730078125 l s q 0 0 0 rg BT 53.00 677.98 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 74.70 677.98 Td (Y) Tj ET Q q 0 0 0 rg BT 79.59 677.98 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.50 677.98 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.50 677.98 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 677.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 677.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 677.98 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 663.42 Td (Net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 663.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.25 663.42 Td (2,217,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 663.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.25 663.42 Td (2,541,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 663.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.25 663.42 Td (2,788,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 663.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 663.42 Td (3,042,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 663.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 663.42 Td (3,228,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 648.42 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.25 648.42 Td (1,099,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.25 648.42 Td (1,340,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.25 648.42 Td (1,358,839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 648.42 Td (1,578,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 648.42 Td (1,753,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 633.42 Td (Operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.45 633.42 Td (\(28,383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.30 633.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.75 633.42 Td (62,71) Tj ET Q q 0 0 0 rg BT 338.25 633.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.45 633.42 Td (\(424,276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 633.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 633.42 Td (127,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 633.42 Td (291,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 618.42 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.45 618.42 Td (\(50,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.30 618.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.95 618.42 Td (\(938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.30 618.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.45 618.42 Td (\(473,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 618.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 618.42 Td (85,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 618.42 Td (229,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 603.42 Td (Net income \(loss\) attributable to Fossil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 593.42 Td (Group, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.45 593.42 Td (\(52,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.30 593.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.45 593.42 Td (\(3,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.30 593.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.45 593.42 Td (\(478,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 593.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 593.42 Td (78,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 593.42 Td (220,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 578.42 Td (Earnings \(loss\) per share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.00 578.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 578.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 578.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 578.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 578.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 563.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.45 563.42 Td (\(1.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.30 563.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.45 563.42 Td (\(0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.30 563.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.45 563.42 Td (\(9.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 563.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 563.42 Td (1.64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 563.42 Td (4.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 548.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.45 548.42 Td (\(1.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.30 548.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.45 548.42 Td (\(0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.30 548.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.45 548.42 Td (\(9.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 548.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 548.42 Td (1.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 548.42 Td (4.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 533.42 Td (W) Tj ET Q q 0 0 0 rg BT 62.04 533.42 Td (eighted average common shares and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 523.42 Td (common equivalent shares outstanding:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.00 523.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 523.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 523.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 523.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 523.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 508.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.75 508.42 Td (50,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.75 508.42 Td (49,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.75 508.42 Td (48,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 508.42 Td (48,136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 508.42 Td (48,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 493.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.75 493.42 Td (50,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.75 493.42 Td (49,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.75 493.42 Td (48,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 493.42 Td (48,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 493.42 Td (48,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 478.42 Td (W) Tj ET Q q 0 0 0 rg BT 62.04 478.42 Td (orking capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 478.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.75 478.42 Td (500,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 478.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.75 478.42 Td (652,766) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 478.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.75 478.42 Td (781,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 478.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 478.42 Td (932,705) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 478.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 478.42 Td (953,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 463.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 463.42 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.25 463.42 Td (1,604,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.25 463.42 Td (1,575,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.25 463.42 Td (1,658,372) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 463.42 Td (2,186,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 463.42 Td (2,355,661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 448.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 448.42 Td (otal long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.75 448.42 Td (541,71) Tj ET Q q 0 0 0 rg BT 269.25 448.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.75 448.42 Td (380,764) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.75 448.42 Td (568,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 448.42 Td (756,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 448.42 Td (933,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 433.42 Td (Stockholders' equity attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 423.42 Td (Fossil Group, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.75 423.42 Td (503,054) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.75 423.42 Td (585,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.75 423.42 Td (576,133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 423.42 Td (1,006,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 423.42 Td (921,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 408.42 Td (Return on average stockholders' equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 398.42 Td (attributable to Fossil Group,Inc.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 183.54 402.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.45 398.42 Td (\(9.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.30 398.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.45 398.42 Td (\(0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.30 398.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.45 398.42 Td (\(62.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 398.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 398.42 Td (8.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 398.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 398.42 Td (24.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 398.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 384.65 Td (_______________________________________________) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 368.18 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 363.65 Td (Calculated by dividing net income \(loss\) attributable to Fossil Group,Inc. by five quarter average stockholders' equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 351.65 Td (attributable to Fossil Group,Inc.) Tj ET Q endstream endobj 69 0 obj <>] /Rotate 0 /Contents 70 0 R>> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item7.Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 220.84 742.25 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 721.25 Td (Summary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 700.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 700.25 Td (e are a global design, marketing and distribution company that specializes in consumer fashion accessories. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (principal of) Tj ET Q q 0 0 0 rg BT 96.19 688.25 Td (ferings include an extensive line of men's and women's fashion watches and jewelry) Tj ET Q q 0 0 0 rg BT 431.82 688.25 Td (, handbags, small leather goods, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (belts, and sunglasses. In the watch and jewelry product categories, we have a diverse portfolio of globally recognized owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (and licensed brand names under which our products are marketed. Our products are distributed globally through various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (distribution channels including wholesale in countries where we have a physical presence, direct to the consumer through our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (retail stores and commercial websites and through third-party distributors in countries where we do not maintain a physical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (presence. Our products are of) Tj ET Q q 0 0 0 rg BT 167.82 628.25 Td (fered at varying price points to meet the needs of our customers, whether they are value-conscious ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (or luxury oriented. Based on our extensive range of accessory products, brands, distribution channels and price points, we are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (able to tar) Tj ET Q q 0 0 0 rg BT 89.80 604.25 Td (get style-conscious consumers across a wide age spectrum on a global basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 583.25 Td (Domestically) Tj ET Q q 0 0 0 rg BT 126.67 583.25 Td (, we sell our products through a diversified distribution network that includes department stores, specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (retail locations, specialty watch and jewelry stores, Company-owned retail and outlet stores, mass market stores, through our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 82.97 559.25 Td ( website and third party websites. Our wholesale customer base includes, among others, ) Tj ET Q q 0 0 0 rg BT 436.22 559.25 Td (Amazon, Best Buy) Tj ET Q q 0 0 0 rg BT 511.40 559.25 Td (, Dillard's, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (JCPenney) Tj ET Q q 0 0 0 rg BT 89.35 547.25 Td (, Kohl's, Macy's, Neiman Marcus, Nordstrom, Saks Fifth ) Tj ET Q q 0 0 0 rg BT 318.77 547.25 Td (A) Tj ET Q q 0 0 0 rg BT 325.25 547.25 Td (venue, ) Tj ET Q q 0 0 0 rg BT 353.95 547.25 Td (T) Tj ET Q q 0 0 0 rg BT 359.36 547.25 Td (ar) Tj ET Q q 0 0 0 rg BT 366.94 547.25 Td (get and ) Tj ET Q q 0 0 0 rg BT 398.42 547.25 Td (W) Tj ET Q q 0 0 0 rg BT 407.06 547.25 Td (al-Mart. In the U.S., our network of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.25 Td (Company-owned stores included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.14 535.25 Td (59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.14 535.25 Td ( retail stores located in premier retail sites and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.02 535.25 Td (101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.02 535.25 Td ( outlet stores located in major outlet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.25 Td (malls as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.83 523.25 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.41 523.25 Td (. In addition, we of) Tj ET Q q 0 0 0 rg BT 250.32 523.25 Td (fer an extensive collection of our FOSSIL) Tj ET Q q 0 0 0 rg BT 417.69 523.25 Td ( brand products on our website, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (www) Tj ET Q q 0 0 0 rg BT 69.27 511.25 Td (.fossil.com) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.05 511.25 Td (, as well as proprietary and licensed watch and jewelry brands through other managed and af) Tj ET Q q 0 0 0 rg BT 482.29 511.25 Td (filiated websites.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 490.25 Td (Internationally) Tj ET Q q 0 0 0 rg BT 132.22 490.25 Td (, our products are sold to department stores, specialty retail stores, specialty watch and jewelry stores and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (through third party websites in approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.52 478.25 Td (150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.52 478.25 Td ( countries worldwide through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.05 478.25 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.05 478.25 Td ( Company-owned foreign sales subsidiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (and through a network of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.84 466.25 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.84 466.25 Td ( independent distributors. Internationally) Tj ET Q q 0 0 0 rg BT 386.49 466.25 Td (, our network of Company-owned stores ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.93 454.25 Td (162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.93 454.25 Td ( retail stores and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.24 454.25 Td (122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.24 454.25 Td ( outlet stores as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.51 454.25 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.09 454.25 Td (. Our products are also sold through licensed and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (franchised FOSSIL) Tj ET Q q 0 0 0 rg BT 127.12 442.25 Td ( retail stores, retail concessions operated by us and kiosks in certain international markets. In addition, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 430.25 Td (fer an extensive collection of our FOSSIL) Tj ET Q q 0 0 0 rg BT 225.51 430.25 Td ( brand products on our websites in certain countries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 409.25 Td (Our consolidated gross profit mar) Tj ET Q q 0 0 0 rg BT 208.79 409.25 Td (gin is impacted by our diversified business model that includes, but is not limited to: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (\(i\)a significant number of product categories we distribute, \(ii\)the multiple brands we of) Tj ET Q q 0 0 0 rg BT 407.21 397.25 Td (fer within several product categories, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (\(iii\)the geographical presence of our businesses and \(iv\)the dif) Tj ET Q q 0 0 0 rg BT 304.73 385.25 Td (ferent distribution channels we sell to or through. ) Tj ET Q q 0 0 0 rg BT 504.23 385.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (components of this diversified business model produce varying ranges of gross profit mar) Tj ET Q q 0 0 0 rg BT 408.63 373.25 Td (gin. Generally) Tj ET Q q 0 0 0 rg BT 465.19 373.25 Td (, on a historical basis, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (our fashion branded watch and jewelry of) Tj ET Q q 0 0 0 rg BT 216.43 361.25 Td (ferings produce higher gross profit mar) Tj ET Q q 0 0 0 rg BT 373.14 361.25 Td (gins than our leather goods of) Tj ET Q q 0 0 0 rg BT 492.10 361.25 Td (ferings. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (addition, in most product categories that we of) Tj ET Q q 0 0 0 rg BT 235.88 349.25 Td (fer) Tj ET Q q 0 0 0 rg BT 246.58 349.25 Td (, brands with higher retail price points generally produce higher gross profit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (mar) Tj ET Q q 0 0 0 rg BT 65.37 337.25 Td (gins compared to those of lower retail priced brands and connected products carry relatively lower mar) Tj ET Q q 0 0 0 rg BT 476.97 337.25 Td (gins than traditional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (products. Gross profit mar) Tj ET Q q 0 0 0 rg BT 155.36 325.25 Td (gins related to sales in our Europe and ) Tj ET Q q 0 0 0 rg BT 310.32 325.25 Td (Asia businesses are historically higher than our ) Tj ET Q q 0 0 0 rg BT 501.11 325.25 Td (Americas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (business, primarily due to the following factors: \(i\)premiums char) Tj ET Q q 0 0 0 rg BT 315.87 313.25 Td (ged in comparison to retail prices on products sold in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (U.S.; \(ii\)the product sales mix in our international businesses, in comparison to our ) Tj ET Q q 0 0 0 rg BT 386.89 301.25 Td (Americas business, is comprised more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.25 Td (predominantly of watches and jewelry that generally produce higher gross profit mar) Tj ET Q q 0 0 0 rg BT 389.43 289.25 Td (gins than leather goods; and \(iii\)the watch ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.25 Td (sales mix in our Europe and ) Tj ET Q q 0 0 0 rg BT 163.87 277.25 Td (Asia businesses, in comparison to our ) Tj ET Q q 0 0 0 rg BT 316.91 277.25 Td (Americas business, are comprised more predominantly of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.25 Td (higher priced licensed brands.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 244.25 Td (Our business is subject to the risks inherent in global sourcing supply) Tj ET Q q 0 0 0 rg BT 350.82 244.25 Td (. Certain key components in our products come ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (from limited sources of supply) Tj ET Q q 0 0 0 rg BT 172.11 232.25 Td (, which exposes us to potential supply shortages that could disrupt the manufacture and sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (our products. ) Tj ET Q q 0 0 0 rg BT 104.72 220.25 Td (Any interruption or delay in the supply of key components could significantly harm our ability to meet scheduled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (product deliveries to our customers and cause us to lose sales. Interruptions or delays in supply may be caused by a number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (factors that are outside of our and our contractor manufacturers' control.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 175.25 Td (This discussion should be read in conjunction with our consolidated financial statements and the related notes included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.25 Td (therewith.) Tj ET Q endstream endobj 71 0 obj <>] /Rotate 0 /Contents 72 0 R>> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Critical ) Tj ET Q q 0 0 0 rg BT 84.71 742.25 Td (Accounting Policies and Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 721.25 Td (The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (the U.S. requires us to make estimates and assumptions that af) Tj ET Q q 0 0 0 rg BT 299.21 709.25 Td (fect the reported amounts of assets and liabilities and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (revenues and expenses during the reporting period. On an ongoing basis, we evaluate our estimates and judgments, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.25 Td (those related to product returns, bad debt, inventories, long-lived asset impairment, impairment of trade names, income taxes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (warranty costs and litigation liabilities. ) Tj ET Q q 0 0 0 rg BT 208.12 661.25 Td (W) Tj ET Q q 0 0 0 rg BT 216.76 661.25 Td (e base our estimates and judgments on historical experience and on various other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (factors that we believe to be reasonable under the circumstances. Our estimates form the basis for making judgments about the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 Td (carrying values of assets and liabilities that are not readily apparent from other sources. ) Tj ET Q q 0 0 0 rg BT 401.27 637.25 Td (Actual results may dif) Tj ET Q q 0 0 0 rg BT 489.68 637.25 Td (fer from these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (estimates under dif) Tj ET Q q 0 0 0 rg BT 125.91 625.25 Td (ferent assumptions or conditions. ) Tj ET Q q 0 0 0 rg BT 260.99 625.25 Td (W) Tj ET Q q 0 0 0 rg BT 269.62 625.25 Td (e believe the following critical accounting policies require the most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (significant estimates and judgments.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 74.00 592.25 Td (Product Returns.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.57 592.25 Td () Tj ET Q q 0 0 0 rg BT 154.39 592.25 Td (W) Tj ET Q q 0 0 0 rg BT 163.03 592.25 Td (e accept limited returns from customers. ) Tj ET Q q 0 0 0 rg BT 326.40 592.25 Td (W) Tj ET Q q 0 0 0 rg BT 335.04 592.25 Td (e monitor returns and maintain a provision for estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (returns based upon historical experience and any specific issues identified. ) Tj ET Q q 0 0 0 rg BT 350.55 580.25 Td (While returns have historically been within our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (expectations and the provisions established, future return rates may dif) Tj ET Q q 0 0 0 rg BT 332.51 568.25 Td (fer from those experienced in the past. In the event that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (our products are performing poorly in the retail market and/or we experience product damages or defects at a rate significantly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (higher than our historical rate, the resulting returns could have an adverse impact on the operating results for the period or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (periods in which such returns occur) Tj ET Q q 0 0 0 rg BT 191.91 532.25 Td (. If our allowance for product returns were to change by 10%, the impact, excluding taxes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (would have been an approximate $3.8million change to net income \(loss\).) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 74.00 499.25 Td (Inventories.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.17 499.25 Td (Inventories are stated at the lower of cost and net realizable value, including any applicable duty and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (freight char) Tj ET Q q 0 0 0 rg BT 96.18 487.25 Td (ges. ) Tj ET Q q 0 0 0 rg BT 114.33 487.25 Td (W) Tj ET Q q 0 0 0 rg BT 122.97 487.25 Td (e account for estimated obsolescence or unmarketable inventory equal to the dif) Tj ET Q q 0 0 0 rg BT 442.39 487.25 Td (ference between the average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (cost of inventory and the estimated net realizable value based upon assumptions about forecasted sales demand, market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.25 Td (conditions and available liquidation channels. ) Tj ET Q q 0 0 0 rg BT 235.33 463.25 Td (V) Tj ET Q q 0 0 0 rg BT 241.44 463.25 Td (aluation of existing connected inventory can be negatively impacted by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.25 Td (emer) Tj ET Q q 0 0 0 rg BT 69.80 451.25 Td (gence of newer generation product. If actual future demand or market conditions are less favorable than those projected by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.25 Td (management, or if liquidation channels are not readily available, additional inventory valuation reductions may be required. ) Tj ET Q q 0 0 0 rg BT 547.15 439.25 Td (W) Tj ET Q q 0 0 0 rg BT 555.79 439.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.25 Td (assess our of) Tj ET Q q 0 0 0 rg BT 100.92 427.25 Td (f-price sales on an ongoing basis and update our estimates accordingly) Tj ET Q q 0 0 0 rg BT 382.41 427.25 Td (. Revenue from sales of our products that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.25 Td (are subject to inventory consignment agreements is recognized when title and risk of loss transfers, delivery has occurred and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.25 Td (in an amount that reflects the consideration we expect to be entitled in exchange for the product.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 74.00 382.25 Td (Impairment of T) Tj ET Q q 0 0 0 rg BT 141.96 382.25 Td (rade Names.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.62 382.25 Td ( ) Tj ET Q q 0 0 0 rg BT 203.44 382.25 Td (W) Tj ET Q q 0 0 0 rg BT 212.08 382.25 Td (e evaluate indefinite-lived trade names by comparing the fair value of the asset to its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (recorded value annually as of the end of the fiscal year and whenever events or conditions indicate that the carrying value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (the trade name may not be recoverable. ) Tj ET Q q 0 0 0 rg BT 209.74 358.25 Td (The fair value of the asset is estimated using discounted cash flow methodologies. Due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (to the inherent uncertainties involved in making the estimates and assumptions used in the fair value analysis, actual results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (may dif) Tj ET Q q 0 0 0 rg BT 80.64 334.25 Td (fer) Tj ET Q q 0 0 0 rg BT 91.34 334.25 Td (, which could alter the fair value of the trade names and possibly cause impairment char) Tj ET Q q 0 0 0 rg BT 442.70 334.25 Td (ges to occur in future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (periods. Judgments and assumptions are inherent in our estimate of future cash flows used to determine the estimate of our fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (values. ) Tj ET Q q 0 0 0 rg BT 80.37 310.25 Td (The most significant assumptions associated with the fair value calculations include net sales growth rates and discount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (rates. If the actual future sales results do not meet the assumed growth rates, future impairments of trade names may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 265.25 Td (For fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.25 265.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.25 265.25 Td (, a discount rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.89 265.25 Td (10.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.72 265.25 Td ( and a royalty rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.24 265.25 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.57 265.25 Td ( were used to estimate the MICHELE trade name ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.25 Td (fair value. ) Tj ET Q q 0 0 0 rg BT 92.85 253.25 Td (The MICHELE trade name represented approximately 71%, 34% and 29% of our total trade name balances at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.25 Td (end of fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.52 241.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 241.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.52 241.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.52 241.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.96 241.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.96 241.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 262.62 241.25 Td (. No impairment char) Tj ET Q q 0 0 0 rg BT 350.47 241.25 Td (ges were recorded to the MICHELE trade name in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.25 Td (fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.75 229.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.75 229.25 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.08 229.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.08 229.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.52 229.25 Td ($7.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.41 229.25 Td ( of impairment char) Tj ET Q q 0 0 0 rg BT 298.37 229.25 Td (ges were recorded in fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.74 229.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.74 229.25 Td (. ) Tj ET Q q 0 0 0 rg BT 454.69 229.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.14 229.25 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.72 229.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.25 Td (the fair value of the MICHELE trade name exceeded its carrying value by approximately 70%. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 196.25 Td (In fiscal year 2019, as a result of interim impairment testing, the Company recorded impairment char) Tj ET Q q 0 0 0 rg BT 476.36 196.25 Td (ges of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.02 196.25 Td ($16.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.91 196.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (related to the SKAGEN trade name fair value. Concurrent with the impairment testing, the Company determined the trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (name would no longer have an indefinite useful life. ) Tj ET Q q 0 0 0 rg BT 261.05 172.25 Td (As a result of the change in estimate, the useful life of the trade name ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (changed from indefinite to definite, and the trade name is being fully amortized on a straight-line basis over the estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (useful life of 6 years. ) Tj ET Q q 0 0 0 rg BT 137.01 148.25 Td (The SKAGEN trade name represented approximately 29%, 66% and 71% of our total trade name balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (at the end of fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.96 136.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.96 136.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.96 136.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.96 136.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.39 136.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.39 136.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 287.06 136.25 Td (. ) Tj ET Q q 0 0 0 rg BT 291.88 136.25 Td (W) Tj ET Q q 0 0 0 rg BT 300.51 136.25 Td (e recorded impairment char) Tj ET Q q 0 0 0 rg BT 410.55 136.25 Td (ges of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.21 136.25 Td ($6.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.10 136.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.54 136.25 Td ($28.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.43 136.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (for fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.91 124.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.91 124.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.35 124.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.35 124.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 224.01 124.25 Td (, related to the SKAGEN trade name.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 100.25 Td (The MISFIT) Tj ET Q q 0 0 0 rg BT 123.15 100.25 Td ( trade name was being amortized over its estimated useful life; however) Tj ET Q q 0 0 0 rg BT 410.15 100.25 Td (, during fiscal year 2017, the trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (name was deemed not recoverable, resulting in an impairment char) Tj ET Q q 0 0 0 rg BT 318.05 88.25 Td (ge of $1) Tj ET Q q 0 0 0 rg BT 350.44 88.25 Td (1.8 million. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 74.00 67.25 Td (Property) Tj ET Q q 0 0 0 rg BT 109.18 67.25 Td (, Plant and Equipment and Lease Impairment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.87 67.25 Td () Tj ET Q q 0 0 0 rg BT 310.68 67.25 Td (W) Tj ET Q q 0 0 0 rg BT 319.32 67.25 Td (e test for asset impairment of property) Tj ET Q q 0 0 0 rg BT 471.40 67.25 Td (, plant and equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.25 Td (and lease assets whenever events or conditions indicate that the carrying value of an asset might not be recoverable based on ) Tj ET Q endstream endobj 73 0 obj <>] /Rotate 0 /Contents 74 0 R>> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (expected undiscounted cash flows related to the asset. In evaluating long-lived assets for recoverability) Tj ET Q q 0 0 0 rg BT 461.44 742.10 Td (, we calculate fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (using our best estimate of future cash flows expected to result from the use of the asset and its eventual disposition. ) Tj ET Q q 0 0 0 rg BT 513.60 730.10 Td (When ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (undiscounted cash flows estimated to be generated through the operations of our Company-owned retail stores are less than the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (carrying value of the underlying assets, the assets are impaired. If it is determined that assets are impaired, an impairment loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (is recognized for the amount that the asset's book value exceeds its fair value. Should actual results or market conditions dif) Tj ET Q q 0 0 0 rg BT 544.54 694.10 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (from those anticipated, additional losses may be recorded. ) Tj ET Q q 0 0 0 rg BT 284.75 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 293.38 682.10 Td (e recorded impairment losses in selling, general, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (administrative \("SG&A"\) of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.90 670.10 Td ($7.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.79 670.10 Td ( in fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.44 670.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.44 670.10 Td ( related to lease assets. ) Tj ET Q q 0 0 0 rg BT 444.55 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 453.19 670.10 Td (e recorded impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (losses in SG&A) Tj ET Q q 0 0 0 rg BT 113.90 658.10 Td ( of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.49 658.10 Td ($0.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.38 658.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.38 658.10 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.27 658.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.71 658.10 Td ($1.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.60 658.10 Td ( in fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.14 658.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.14 658.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.14 658.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.14 658.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.57 658.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.57 658.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 556.24 658.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (related to property) Tj ET Q q 0 0 0 rg BT 123.21 646.10 Td (, plant and equipment. ) Tj ET Q q 0 0 0 rg BT 217.17 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 225.81 646.10 Td (e recorded impairment losses in restructuring char) Tj ET Q q 0 0 0 rg BT 426.11 646.10 Td (ges of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.03 646.10 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.92 646.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (in fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.14 634.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.14 634.10 Td ( related to lease assets. ) Tj ET Q q 0 0 0 rg BT 217.26 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 225.89 634.10 Td (e recorded impairment losses in restructuring char) Tj ET Q q 0 0 0 rg BT 426.20 634.10 Td (ges of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.12 634.10 Td ($0.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 622.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.89 622.10 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.78 622.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.22 622.10 Td ($8.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.11 622.10 Td ( in fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 622.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.65 622.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.65 622.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 622.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.08 622.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.08 622.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 398.75 622.10 Td (, related to property) Tj ET Q q 0 0 0 rg BT 476.95 622.10 Td (, plant and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (equipment. In fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.90 610.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.90 610.10 Td (, an increase of 100basis points to the discount rate would have increased property) Tj ET Q q 0 0 0 rg BT 503.10 610.10 Td (, plant and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (equipment and lease impairment expense by $0.1 million. ) Tj ET Q q 0 0 0 rg BT 283.28 598.10 Td (A) Tj ET Q q 0 0 0 rg BT 289.95 598.10 Td ( 10% decrease in future expected cash flows would have increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (impairment expense by $3.6 million. ) Tj ET Q q 0 0 0 rg BT 199.52 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 208.15 586.10 Td (e recorded non-impairment restructuring char) Tj ET Q q 0 0 0 rg BT 390.12 586.10 Td (ges related to the write of) Tj ET Q q 0 0 0 rg BT 491.84 586.10 Td (f of property) Tj ET Q q 0 0 0 rg BT 541.73 586.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (plant and equipment of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.23 574.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.13 574.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.13 574.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.02 574.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.46 574.10 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.35 574.10 Td ( in fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.88 574.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.88 574.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.88 574.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.88 574.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.32 574.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.32 574.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 562.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 541.10 Td (I) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 77.33 541.10 Td (ncome T) Tj ET Q q 0 0 0 rg BT 112.24 541.10 Td (axes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.07 541.10 Td () Tj ET Q q 0 0 0 rg BT 142.89 541.10 Td (W) Tj ET Q q 0 0 0 rg BT 151.52 541.10 Td (e record valuation allowances against our deferred tax assets, when necessary) Tj ET Q q 0 0 0 rg BT 461.02 541.10 Td (, in accordance with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (ASC 740,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 89.45 529.10 Td ( Income T) Tj ET Q q 0 0 0 rg BT 128.53 529.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.29 529.10 Td ( \("ASC 740"\). Realization of deferred tax assets is dependent on future taxable earnings and is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (therefore uncertain. ) Tj ET Q q 0 0 0 rg BT 130.23 517.10 Td (At least quarterly) Tj ET Q q 0 0 0 rg BT 199.00 517.10 Td (, we assess the likelihood that our deferred tax asset balance will be recovered from future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (taxable income. ) Tj ET Q q 0 0 0 rg BT 115.63 505.10 Td (T) Tj ET Q q 0 0 0 rg BT 121.04 505.10 Td (o the extent we believe that recovery is not likely) Tj ET Q q 0 0 0 rg BT 317.26 505.10 Td (, we establish a valuation allowance against our deferred tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (asset, increasing our income tax expense in the period such determination is made. ) Tj ET Q q 0 0 0 rg BT 385.27 493.10 Td (The valuation allowance for fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 481.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 481.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 481.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.44 481.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.44 481.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.99 481.10 Td ($1) Tj ET Q q 0 0 0 rg BT 164.62 481.10 Td (18.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.51 481.10 Td (, $95.8 million and $78.3 million, respectively) Tj ET Q q 0 0 0 rg BT 398.39 481.10 Td (. In addition, in fiscal year 2019, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (recorded a state deferred tax liability of $0.3 million on foreign earnings not considered to be indefinitely reinvested outside of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (the U.S.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 436.10 Td (Our continuing practice is to recognize interest and penalties related to income tax matters in income tax expense. ) Tj ET Q q 0 0 0 rg BT 530.21 436.10 Td (W) Tj ET Q q 0 0 0 rg BT 538.85 436.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (accrue an amount for our estimate of additional income tax liability which we believe we are more likely than not to incur as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (result of the ultimate resolution of tax audits \("uncertain tax positions"\). ) Tj ET Q q 0 0 0 rg BT 340.14 412.10 Td (W) Tj ET Q q 0 0 0 rg BT 348.78 412.10 Td (e review and update the estimates used in the accrual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (for uncertain tax positions as more definitive information becomes available from taxing authorities, upon completion of tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (audits, upon expiration of statutes of limitation, or upon occurrence of other events. ) Tj ET Q q 0 0 0 rg BT 386.40 388.10 Td (The results of operations and financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (position for future periods could be impacted by changes in assumptions or resolutions of tax audits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 352.10 Td (The GIL) Tj ET Q q 0 0 0 rg BT 106.29 352.10 Td (TI provisions of the ) Tj ET Q q 0 0 0 rg BT 187.76 352.10 Td (T) Tj ET Q q 0 0 0 rg BT 193.17 352.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 204.56 352.10 Td (Act, requiring the inclusion of certain foreign earnings in U.S. taxable income, increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (our ef) Tj ET Q q 0 0 0 rg BT 73.42 340.10 Td (fective tax rate in fiscal 2018 and 2019 and could have an adverse impact in future years. Due to the complexity of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (new tax rules, we are continuing to evaluate these provisions of the ) Tj ET Q q 0 0 0 rg BT 321.13 328.10 Td (T) Tj ET Q q 0 0 0 rg BT 326.54 328.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 337.92 328.10 Td (Act as the Internal Revenue Service and the U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 316.10 Td (reasury Department issue guidance and regulations. ) Tj ET Q q 0 0 0 rg BT 267.17 316.10 Td (The GIL) Tj ET Q q 0 0 0 rg BT 300.96 316.10 Td (TI impact will be accounted for as incurred under the period cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (method. In addition, our valuation allowance analysis is af) Tj ET Q q 0 0 0 rg BT 283.65 304.10 Td (fected by various aspects of the ) Tj ET Q q 0 0 0 rg BT 411.75 304.10 Td (T) Tj ET Q q 0 0 0 rg BT 417.16 304.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 428.55 304.10 Td (Act, including the limitation on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (the deductibility of interest expense and the impact of the GIL) Tj ET Q q 0 0 0 rg BT 297.89 292.10 Td (TI. ) Tj ET Q q 0 0 0 rg BT 312.15 292.10 Td (Those adjustments materially impacted the provision for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (income taxes and the ef) Tj ET Q q 0 0 0 rg BT 144.22 280.10 Td (fective tax rate in fiscal 2019.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 74.00 256.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.15 256.10 Td (arranty Costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.94 256.10 Td (Our watch products are covered by limited warranties against defects in materials or workmanship. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 96.56 244.10 Td (, our FOSSIL) Tj ET Q q 0 0 0 rg BT 150.37 244.10 Td ( and RELIC watch products sold in the U.S. have been covered for warranty periods of 1) Tj ET Q q 0 0 0 rg BT 505.45 244.10 Td (1years and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (12 years, respectively) Tj ET Q q 0 0 0 rg BT 136.26 232.10 Td (, and our SKAGEN branded watches have been covered by a lifetime warranty) Tj ET Q q 0 0 0 rg BT 451.32 232.10 Td (. Beginning in 2017, these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (brands are covered by a two year warranty) Tj ET Q q 0 0 0 rg BT 219.55 220.10 Td (. Generally) Tj ET Q q 0 0 0 rg BT 263.32 220.10 Td (, all other products, including leathers and jewelry) Tj ET Q q 0 0 0 rg BT 463.44 220.10 Td (, sold in the U.S. and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (internationally are covered by a comparable one to two year warranty) Tj ET Q q 0 0 0 rg BT 327.56 208.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 187.10 Td (At the time of sale, we accrue awarrantyliability for estimated costs in connection with futurewarrantyclaims.) Tj ET Q q 0 0 0 rg BT 522.44 187.10 Td (W) Tj ET Q q 0 0 0 rg BT 531.08 187.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (determine our warranty liability using historical warranty repair experience. ) Tj ET Q q 0 0 0 rg BT 358.31 175.10 Td (W) Tj ET Q q 0 0 0 rg BT 366.95 175.10 Td (e periodically assess the adequacy of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (warranty liability) Tj ET Q q 0 0 0 rg BT 118.50 163.10 Td (, and as changes occur in sales volumes and warranty costs, the warranty accrual is adjusted as necessary) Tj ET Q q 0 0 0 rg BT 537.42 163.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (Actual claims could be higher or lower than amounts estimated, as the number and value ofwarrantyclaims can vary due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (such factors as performance of new products, significant manufacturing or design defects not discovered until after the product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (is delivered to customers, product failure rates, and higher or lower than expected service costs for a repair) Tj ET Q q 0 0 0 rg BT 476.23 127.10 Td (. ) Tj ET Q q 0 0 0 rg BT 481.04 127.10 Td (W) Tj ET Q q 0 0 0 rg BT 489.68 127.10 Td (e believe that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (analysis of historical trends and knowledge of potential manufacturing or design problems provide suf) Tj ET Q q 0 0 0 rg BT 458.89 115.10 Td (ficient information to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (establish a reasonable estimate forwarrantyclaims at the time of sale. However) Tj ET Q q 0 0 0 rg BT 368.64 103.10 Td (, since we cannot predict with certainty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (futurewarrantyclaims or costs associated with servicing those claims, our actualwarrantycosts may dif) Tj ET Q q 0 0 0 rg BT 467.47 91.10 Td (fer) Tj ET Q q 0 0 0 rg BT 478.02 91.10 Td (.) Tj ET Q endstream endobj 75 0 obj <>] /Rotate 0 /Contents 76 0 R>> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 742.10 Td (Due to the nature of connected products, their warranty costs are usually more than traditional products. ) Tj ET Q q 0 0 0 rg BT 492.65 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 499.32 742.10 Td ( shift in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (product mix from traditional to connected products generally results in an increase in warranty liabilities. ) Tj ET Q q 0 0 0 rg BT 473.02 730.10 Td (The year) Tj ET Q q 0 0 0 rg BT 508.08 730.10 Td (-end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (warranty liability for fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.56 718.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.56 718.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.56 718.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.56 718.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 718.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.00 718.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.55 718.10 Td ($23.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.44 718.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.44 718.10 Td ($22.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.33 718.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.77 718.10 Td ($19.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.66 718.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 527.32 718.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Recently ) Tj ET Q q 0 0 0 rg BT 89.71 670.10 Td (Issued ) Tj ET Q q 0 0 0 rg BT 119.44 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.51 670.10 Td (Adopted ) Tj ET Q q 0 0 0 rg BT 176.14 670.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 227.53 670.10 Td (Standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 646.10 Td (See ) Tj ET Q q 0 0 0 rg BT 89.36 646.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 111.22 646.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 118.64 646.10 Td (- ) Tj ET Q q 0 0 0 rg BT 124.39 646.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 170.16 646.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 219.23 646.10 Td (Policies ) Tj ET Q q 0 0 0 rg BT 253.32 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 263.52 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.16 646.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 331.12 646.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 368.52 646.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 415.65 646.10 Td (which ) Tj ET Q q 0 0 0 rg BT 442.51 646.10 Td (are ) Tj ET Q q 0 0 0 rg BT 457.14 646.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 498.44 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 508.63 646.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 529.38 646.10 Td (8 ) Tj ET Q q 0 0 0 rg BT 536.80 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 547.55 646.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (report ) Tj ET Q q 0 0 0 rg BT 76.38 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 93.32 634.10 Td (are ) Tj ET Q q 0 0 0 rg BT 108.02 634.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 161.05 634.10 Td (by ) Tj ET Q q 0 0 0 rg BT 173.55 634.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 213.24 634.10 Td (herein.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (Results of Operations) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 589.10 Td (Executive Summary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 568.10 Td (During fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.69 568.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.69 568.10 Td (, net sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.35 568.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.76 568.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.26 568.10 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.59 568.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.42 568.10 Td (1) Tj ET Q q 0 0 0 rg BT 279.05 568.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.38 568.10 Td ( in constant currency\) as compared to fiscal year 2018. ) Tj ET Q q 0 0 0 rg BT 513.50 568.10 Td (W) Tj ET Q q 0 0 0 rg BT 522.14 568.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.10 Td (generated a net loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.41 556.10 Td ($52 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.80 556.10 Td ( in fiscal year 2019, as compared to a net loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.02 556.10 Td ($3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.41 556.10 Td ( in fiscal year 2018. Consistent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.10 Td (with the recent past, the operating environment has continued to be challenging as consumer interests and shopping patterns in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.10 Td (the watch and accessory categories evolve. ) Tj ET Q q 0 0 0 rg BT 223.41 532.10 Td (W) Tj ET Q q 0 0 0 rg BT 232.04 532.10 Td (e continue to see softness, principally in the wholesale channel in the U.S. and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.10 Td (Europe and within traditional watches, which is lar) Tj ET Q q 0 0 0 rg BT 253.15 520.10 Td (gely reflective of both the ongoing shift from brick and mortar to e-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.10 Td (commerce and the consumer preference shift to connected product. Partially of) Tj ET Q q 0 0 0 rg BT 367.52 508.10 Td (fsetting our trends in the ) Tj ET Q q 0 0 0 rg BT 467.23 508.10 Td (Americas and Europe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 496.10 Td (is our growth in ) Tj ET Q q 0 0 0 rg BT 115.06 496.10 Td (Asia, particularly in China and India. ) Tj ET Q q 0 0 0 rg BT 265.95 496.10 Td (While demand for our latest generation product has been positive, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.10 Td (expected to drive sales through our older Gen 4 product of) Tj ET Q q 0 0 0 rg BT 283.14 484.10 Td (ferings as a lower tiered pricing option, especially during the fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (2019 holiday season. Due to a combination of competitive pricing in the marketplace for older generation product and our Gen ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.10 Td (5 of) Tj ET Q q 0 0 0 rg BT 65.15 460.10 Td (fering appealing to consumers as a better value, we fell short of our goals in fiscal 2019. ) Tj ET Q q 0 0 0 rg BT 420.14 460.10 Td (This softness pressured our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.10 Td (mar) Tj ET Q q 0 0 0 rg BT 64.87 448.10 Td (gins and drove operating profits significantly below expectations. ) Tj ET Q q 0 0 0 rg BT 328.97 448.10 Td (Although we faced considerable headwinds in fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.10 Td (2019, we executed against our strategic priorities and made significant progress under our restructuring programs throughout ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.10 Td (the year) Tj ET Q q 0 0 0 rg BT 80.87 424.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 403.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 403.10 Td (The New ) Tj ET Q q 0 0 0 rg BT 111.25 403.10 Td (W) Tj ET Q q 0 0 0 rg BT 119.89 403.10 Td (orld Fossil \("NWF"\) restructuring program we began in fiscal year 2016 \("NWF 1.0"\) was completed during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 391.10 Td (the third quarter of fiscal year 2019 and delivered $200 million of run-rate cost savings over a three year period. ) Tj ET Q q 0 0 0 rg BT 499.99 391.10 Td (The program ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 379.10 Td (has been critical to our ability to reduce costs while also funding investments such as digital marketing capabilities and product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 367.10 Td (innovation. ) Tj ET Q q 0 0 0 rg BT 97.09 367.10 Td (W) Tj ET Q q 0 0 0 rg BT 105.73 367.10 Td (e are continuing to optimize our operating model under NWF 2.0 - ) Tj ET Q q 0 0 0 rg BT 374.65 367.10 Td (T) Tj ET Q q 0 0 0 rg BT 380.40 367.10 Td (ransform to Grow \("NWF 2.0"\). ) Tj ET Q q 0 0 0 rg BT 513.92 367.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 355.10 Td (program will be even more critical to our ability to invest in the business and reduce costs. ) Tj ET Q q 0 0 0 rg BT 413.30 355.10 Td (As disruption continues across retail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 343.10 Td (and consumer shopping behavior evolves, there are significant opportunities to capture market share in the growing watch ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 331.10 Td (market. Capitalizing on those market share opportunities will require investments and a reallocation of resources which we will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 319.10 Td (fund through NWF 2.0. ) Tj ET Q q 0 0 0 rg BT 145.98 319.10 Td (W) Tj ET Q q 0 0 0 rg BT 155.02 319.10 Td (ithin the NWF 2.0 program, we see significant opportunities to drive value within our revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 307.10 Td (management, supply chain, and procurement processes. ) Tj ET Q q 0 0 0 rg BT 274.52 307.10 Td (W) Tj ET Q q 0 0 0 rg BT 283.16 307.10 Td (e are also taking a zero-based budgeting approach across the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.10 Td (or) Tj ET Q q 0 0 0 rg BT 57.65 295.10 Td (ganization in order to rework our business model and create or) Tj ET Q q 0 0 0 rg BT 307.94 295.10 Td (ganizational and operational ef) Tj ET Q q 0 0 0 rg BT 431.32 295.10 Td (ficiencies. Given the structural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.10 Td (changes occurring across the industry and within our business in particular) Tj ET Q q 0 0 0 rg BT 347.91 283.10 Td (, we have been pivoting our model accordingly) Tj ET Q q 0 0 0 rg BT 535.54 283.10 Td (. ) Tj ET Q q 0 0 0 rg BT 540.36 283.10 Td (W) Tj ET Q q 0 0 0 rg BT 549.00 283.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.10 Td (are deploying greater resources to the direct channel for both our owned and licensed businesses. ) Tj ET Q q 0 0 0 rg BT 439.74 271.10 Td (W) Tj ET Q q 0 0 0 rg BT 448.38 271.10 Td (e have been accelerating our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.10 Td (connected product of) Tj ET Q q 0 0 0 rg BT 133.73 259.10 Td (ferings and successfully driving growth in key ) Tj ET Q q 0 0 0 rg BT 321.19 259.10 Td (Asian markets including China and India. Equally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 247.10 Td (important, we are taking actions to strengthen our operations and build scale as we evolve our model in tandem with industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 235.10 Td (dynamics.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 214.10 Td (During fiscal year 2019, sales of FOSSIL) Tj ET Q q 0 0 0 rg BT 237.43 214.10 Td ( branded products decreased 10% \(8% in constant currency\), as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (fiscal year 2018, with declines across all product categories. FOSSIL) Tj ET Q q 0 0 0 rg BT 325.44 202.10 Td ( brand watch sales decreased 8% \(6% in constant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (currency\) during fiscal year 2019, driven by declines in ) Tj ET Q q 0 0 0 rg BT 273.31 190.10 Td (Americas and Europe while ) Tj ET Q q 0 0 0 rg BT 386.61 190.10 Td (Asia increased modestly) Tj ET Q q 0 0 0 rg BT 483.71 190.10 Td (. Our FOSSIL) Tj ET Q q 0 0 0 rg BT 539.73 190.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (connected business grew modestly) Tj ET Q q 0 0 0 rg BT 187.43 178.10 Td (, driven by sales increases in Europe and ) Tj ET Q q 0 0 0 rg BT 352.10 178.10 Td (Asia partially of) Tj ET Q q 0 0 0 rg BT 416.90 178.10 Td (fset by declines in ) Tj ET Q q 0 0 0 rg BT 491.33 178.10 Td (Americas. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (multi-brand global watch portfolio declined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.95 166.10 Td (1) Tj ET Q q 0 0 0 rg BT 231.58 166.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.91 166.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.74 166.10 Td (9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.07 166.10 Td ( in constant currency\) during fiscal year 2019 compared to fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (2018, with traditional watch sales declining high single digits in constant currency) Tj ET Q q 0 0 0 rg BT 378.23 154.10 Td (. MICHAEL) Tj ET Q q 0 0 0 rg BT 428.41 154.10 Td ( KORS watch sales decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (22% \(20% in constant currency\) with decreases in all segments. ) Tj ET Q q 0 0 0 rg BT 307.29 142.10 Td (While most brands in the portfolio decreased, EMPORIO ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (ARMANI posted strong growth, driven by third party e-commerce and wholesale growth in China. During fiscal year 2019, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (connected watch business delivered $323 million in sales, representing 18% of total watch sales for the year) Tj ET Q q 0 0 0 rg BT 481.32 118.10 Td (. Excluding store ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (closures and business exits, our core sales declined high single digits, primarily driven by lower sales in our wholesale channel. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (Global comparable retail sales, including our stores and our own e-commerce, declined 4% for fiscal year 2019 with sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (declines across all regions and product categories. Double-digit positive international e-commerce comparable sales were more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (than of) Tj ET Q q 0 0 0 rg BT 77.37 70.10 Td (fset by comparable sales declines in ) Tj ET Q q 0 0 0 rg BT 222.87 70.10 Td (Americas e-commerce and declines in Company full-price stores.) Tj ET Q endstream endobj 77 0 obj <>] /Rotate 0 /Contents 78 0 R>> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 740.10 Td (During fiscal year 2019, our gross profit mar) Tj ET Q q 0 0 0 rg BT 251.22 740.10 Td (gin rate decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.90 740.10 Td (310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.90 740.10 Td ( basis points to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.12 740.10 Td (49.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.95 740.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.66 740.10 Td (52.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.49 740.10 Td ( in the prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (fiscal year) Tj ET Q q 0 0 0 rg BT 90.46 728.10 Td (, lar) Tj ET Q q 0 0 0 rg BT 105.83 728.10 Td (gely driven by inventory valuation adjustments, of which $38 million were recorded in fiscal year 2019 primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (for excess levels of older generation connected watches, increased product costs including tarif) Tj ET Q q 0 0 0 rg BT 429.45 716.10 Td (fs and freight, and an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (unfavorable currency impact of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.03 704.10 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.03 704.10 Td ( basis points. ) Tj ET Q q 0 0 0 rg BT 302.30 704.10 Td (These additional costs were partially of) Tj ET Q q 0 0 0 rg BT 459.56 704.10 Td (fset by higher mar) Tj ET Q q 0 0 0 rg BT 532.42 704.10 Td (gin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (sales growth in ) Tj ET Q q 0 0 0 rg BT 112.00 692.10 Td (Asia and benefits from our NWF initiatives. Other income \(expense\) increased favorably primarily due to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td ($21.6 million gain on the sale of intellectual property to Google and net foreign currency gains during fiscal 2019 as compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (to net losses in fiscal year 2018. During fiscal year 2019, our financial performance resulted in a net loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.03 668.10 Td ($1.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.53 668.10 Td ( per diluted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (share and included NWF restructuring char) Tj ET Q q 0 0 0 rg BT 222.31 656.10 Td (ges of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.97 656.10 Td ($0.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.47 656.10 Td ( per diluted share and non-cash intangible asset impairment char) Tj ET Q q 0 0 0 rg BT 528.70 656.10 Td (ges of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td ($0.25 per diluted share. During fiscal year 2018, our financial performance resulted in a loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.43 644.10 Td ($0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.93 644.10 Td ( per diluted share and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (included NWF restructuring char) Tj ET Q q 0 0 0 rg BT 181.78 632.10 Td (ges of $0.75 per diluted share and non-cash intangible asset impairment char) Tj ET Q q 0 0 0 rg BT 488.17 632.10 Td (ges of $0.10 per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (diluted share. Currencies, including both translation and the impact of foreign currency hedging contracts, unfavorably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (impacted the earnings comparison for fiscal year 2019 by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.92 608.10 Td ($0.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.42 608.10 Td ( per diluted share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 587.10 Td (As we look at 2020, we are focusing on four strategic priorities structured to drive operational ef) Tj ET Q q 0 0 0 rg BT 458.09 587.10 Td (ficiency in 2020 and with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 575.10 Td (the goal of beginning to stabilize the net sales trajectory and building scale in 2021. Priority number one is delivering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.10 Td (exceptional story-telling and innovation. ) Tj ET Q q 0 0 0 rg BT 214.00 563.10 Td (The path forward to changing our sales trajectory will come first and foremost from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.10 Td (product innovation and creativity) Tj ET Q q 0 0 0 rg BT 181.87 551.10 Td (. Priority number two is driving commercial transformation. ) Tj ET Q q 0 0 0 rg BT 424.42 551.10 Td (W) Tj ET Q q 0 0 0 rg BT 433.05 551.10 Td (e are moving quickly to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.10 Td (improve our digital capabilities, including but not limited to, our multi-brand omni-channel capabilities, digital marketing and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.10 Td (CRM, to analysis, tar) Tj ET Q q 0 0 0 rg BT 134.59 527.10 Td (geting and retention. ) Tj ET Q q 0 0 0 rg BT 219.39 527.10 Td (The implementation of our new e-commerce platform is in process now and brings us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.10 Td (a set of tools to support a lar) Tj ET Q q 0 0 0 rg BT 162.91 515.10 Td (ger direct to consumer business in the coming years. Our third strategic priority is to expand our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 503.10 Td (presence in China and India. Our fourth priority is strengthening our supply chain. ) Tj ET Q q 0 0 0 rg BT 381.19 503.10 Td (W) Tj ET Q q 0 0 0 rg BT 389.83 503.10 Td (e have a significant opportunity) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 516.46 503.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 49.50 491.10 Td (improve our end-to-end manufacturing and distribution capabilities, which will allow us to reduce lead times, lower costs and ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 49.50 479.10 Td (enhance our overall competitiveness. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 200.10 479.10 Td (W) Tj ET Q q 0 0 0 rg BT 208.73 479.10 Td (e remain confident in our strategies and believe we have the talent and operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.10 Td (platform to achieve our goals.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 443.10 Td (Constant Currency Financial Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.27 443.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 419.10 Td (As a multinational enterprise, we are exposed to changes in foreign currency exchange rates. ) Tj ET Q q 0 0 0 rg BT 445.00 419.10 Td (The translation of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.10 Td (operations of our foreign-based entities from their local currencies into U.S. dollars is sensitive to changes in foreign currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.10 Td (exchange rates and can have a significant impact on our reported financial results. In general, our overall financial results are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 383.10 Td (fected positively by a weaker U.S. dollar and are af) Tj ET Q q 0 0 0 rg BT 262.10 383.10 Td (fected negatively by a stronger U.S. dollar as compared to the foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.10 Td (currencies in which we conduct our business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 347.10 Td (As a result, in addition to presenting financial measures in accordance with accounting principles generally accepted in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.10 Td (the United States of ) Tj ET Q q 0 0 0 rg BT 130.60 335.10 Td (America \(GAAP\), our discussion contains references to constant currency financial information, which is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (a non-GAAP) Tj ET Q q 0 0 0 rg BT 101.62 323.10 Td ( financial measure. ) Tj ET Q q 0 0 0 rg BT 179.74 323.10 Td (T) Tj ET Q q 0 0 0 rg BT 185.15 323.10 Td (o calculate net sales on a constant currency basis, net sales for the current fiscal year for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (entities reporting in currencies other than the U.S. dollar are translated into U.S. dollars at the average rates during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.10 Td (comparable period of the prior fiscal year) Tj ET Q q 0 0 0 rg BT 214.98 299.10 Td (. ) Tj ET Q q 0 0 0 rg BT 219.80 299.10 Td (W) Tj ET Q q 0 0 0 rg BT 228.44 299.10 Td (e present constant currency information to provide investors with a basis to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.10 Td (evaluate how our underlying business performed excluding the ef) Tj ET Q q 0 0 0 rg BT 311.46 287.10 Td (fects of foreign currency exchange rate fluctuations. ) Tj ET Q q 0 0 0 rg BT 522.29 287.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (constant currency financial information presented herein should not be considered a substitute for) Tj ET Q q 0 0 0 rg BT 439.53 275.10 Td (, or superior to, the measures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (of financial performance prepared in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 292.44 263.10 Td (. Reconciliations between constant currency financial information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (and the most directly comparable GAAP) Tj ET Q q 0 0 0 rg BT 212.14 251.10 Td ( measure are included where applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 218.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 76.62 218.10 Td (Y) Tj ET Q q 0 0 0 rg BT 82.74 218.10 Td (ear) Tj ET Q q 0 0 0 rg BT 96.43 218.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.93 218.10 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.93 218.10 Td ( Compar) Tj ET Q q 0 0 0 rg BT 156.80 218.10 Td (ed to Fiscal ) Tj ET Q q 0 0 0 rg BT 207.26 218.10 Td (Y) Tj ET Q q 0 0 0 rg BT 213.37 218.10 Td (ear) Tj ET Q q 0 0 0 rg BT 227.07 218.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.57 218.10 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.57 218.10 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 197.10 Td (Consolidated Net Sales.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.50 197.10 Td (Net sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.38 197.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.80 197.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.30 197.10 Td ($323.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.19 197.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.52 197.10 Td (12.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.35 197.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.18 197.10 Td (10.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.01 197.10 Td ( in constant currency\) for fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.44 197.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.44 197.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (as compared to fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.39 185.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.39 185.10 Td (. Global watch sales decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.34 185.10 Td ($230.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.23 185.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.56 185.10 Td (1) Tj ET Q q 0 0 0 rg BT 378.19 185.10 Td (1.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.02 185.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.85 185.10 Td (9.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.68 185.10 Td ( in constant currency\), with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (declines in most brands in our portfolio and partially of) Tj ET Q q 0 0 0 rg BT 270.66 173.10 Td (fset by growth in EMPORIO ) Tj ET Q q 0 0 0 rg BT 388.16 173.10 Td (ARMANI. Our leathers business decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td ($50.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.39 161.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.72 161.10 Td (17.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.55 161.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.38 161.10 Td (16.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.21 161.10 Td ( in constant currency\). Our jewelry category decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 161.10 Td ($44.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.39 161.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.72 161.10 Td (26.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.55 161.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.38 161.10 Td (24.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.21 161.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (constant currency\), mostly as a result of a decrease in sales of MICHAEL) Tj ET Q q 0 0 0 rg BT 343.75 149.10 Td ( KORS branded products during fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.54 149.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.54 149.10 Td ( as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (compared to fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.56 137.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.56 137.10 Td (. Our most significant declines were in wholesale watches in the ) Tj ET Q q 0 0 0 rg BT 424.38 137.10 Td (Americas and Europe segments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (During fiscal year 2019, sales results were negatively impacted by store closures, less of) Tj ET Q q 0 0 0 rg BT 402.83 125.10 Td (f-price and liquidation sales and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (licensed brand exits. Global comparable retail sales declined moderately for fiscal year 2019, with negative comparable sales in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (stores and e-commerce. Double-digit positive international e-commerce comparable sales were more than of) Tj ET Q q 0 0 0 rg BT 483.31 101.10 Td (fset by comparable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (sales declines in ) Tj ET Q q 0 0 0 rg BT 116.43 89.10 Td (Americas e-commerce and declines in Company full-price stores.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 68.10 Td (The following table sets forth product net sales and the changes in product net sales on both a reported and constant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 56.10 Td (currency basis from period to period \(dollars in millions\):) Tj ET Q endstream endobj 79 0 obj <>] /Rotate 0 /Contents 80 0 R>> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (36) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 72.00 688.50 105.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.00 688.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.00 688.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 688.50 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 688.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 688.50 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 688.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 688.50 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.00 688.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 688.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 688.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 688.50 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 688.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 688.50 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 72.00 663.50 105.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.00 663.50 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.00 663.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 663.50 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 663.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 663.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 663.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 663.50 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.00 663.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 663.50 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 663.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 663.50 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 663.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 663.50 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 72.00 634.50 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.00 634.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.00 634.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 634.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 634.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 634.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 634.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 634.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.00 634.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 634.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 634.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 634.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 634.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 634.50 49.00 -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 177 733.5 m 224 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224 733.5 m 228 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 733.5 m 277 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 733.5 m 281 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 733.5 m 329 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 733.5 m 333 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 733.5 m 382 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 733.5 m 224 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 720.5 m 224 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224 720.5 m 228 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 720.5 m 277 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 733.5 m 329 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 720.5 m 329 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 720.5 m 333 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 720.5 m 382 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 720.5 m 433 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 720.5 m 437 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 720.5 m 486 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 720.5 m 490 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490 720.5 m 539 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490 720.5 m 539 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 688.5 m 224 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 688.5 m 277 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 688.5 m 329 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 688.5 m 382 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 688.5 m 433 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 688.5 m 486 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490 688.5 m 539 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 688.5 m 224 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 688.5 m 277 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 688.5 m 329 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 688.5 m 382 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 688.5 m 433 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 688.5 m 486 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490 688.5 m 539 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 634.5 m 224 634.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 634.5 m 329 634.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 634.5 m 433 634.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 634.5 m 224 634.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 620.5 m 224 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 618.5 m 224 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 634.5 m 277 634.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 620.5 m 277 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 618.5 m 277 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 634.5 m 329 634.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 620.5 m 329 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 618.5 m 329 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 634.5 m 382 634.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 620.5 m 382 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 618.5 m 382 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 634.5 m 433 634.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 620.5 m 433 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 618.5 m 433 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 634.5 m 486 634.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 620.5 m 486 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 618.5 m 486 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490 634.5 m 539 634.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490 620.5 m 539 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490 618.5 m 539 618.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.20 737.73 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 282.05 737.73 Td (Y) Tj ET Q q 0 0 0 rg BT 287.23 737.73 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.50 724.73 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.00 724.73 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.40 724.73 Td (Gr) Tj ET Q q 0 0 0 rg BT 442.10 724.73 Td (owth \(Decline\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.15 700.73 Td (Per) Tj ET Q q 0 0 0 rg BT 244.99 700.73 Td (centage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.95 692.73 Td (of ) Tj ET Q q 0 0 0 rg BT 247.47 692.73 Td (T) Tj ET Q q 0 0 0 rg BT 252.07 692.73 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.15 700.73 Td (Per) Tj ET Q q 0 0 0 rg BT 349.99 700.73 Td (centage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.95 692.73 Td (of ) Tj ET Q q 0 0 0 rg BT 352.47 692.73 Td (T) Tj ET Q q 0 0 0 rg BT 357.07 692.73 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.15 700.73 Td (Per) Tj ET Q q 0 0 0 rg BT 454.07 700.73 Td (centage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.40 692.73 Td (as Reported) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.15 708.73 Td (Per) Tj ET Q q 0 0 0 rg BT 507.07 708.73 Td (centage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.40 700.73 Td (Constant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.60 692.73 Td (Curr) Tj ET Q q 0 0 0 rg BT 514.86 692.73 Td (ency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.40 692.73 Td (Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.90 692.73 Td (Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.55 692.73 Td (Dollars) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 679.07 Td (W) Tj ET Q q 0 0 0 rg BT 83.54 679.07 Td (atches) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 679.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.10 679.07 Td (1,802.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.65 679.07 Td (81.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.15 679.07 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.50 679.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.10 679.07 Td (2,033.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 679.07 Td (80.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 679.07 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.50 679.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.30 679.12 Td (\(230.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 679.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.95 679.07 Td (\(1) Tj ET Q q 0 0 0 rg BT 461.28 679.07 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 679.07 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.95 679.07 Td (\(9.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 679.07 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 666.12 Td (Leathers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.65 666.12 Td (238.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.65 666.12 Td (10.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 666.12 Td (289.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 666.12 Td (1) Tj ET Q q 0 0 0 rg BT 360.65 666.12 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.30 666.12 Td (\(50.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 666.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.95 666.12 Td (\(17.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 666.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.95 666.12 Td (\(16.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 666.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 654.07 Td (Jewelry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.65 654.07 Td (123.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.65 654.07 Td (5.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 654.07 Td (167.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 654.07 Td (6.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.30 654.12 Td (\(44.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 654.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.95 654.07 Td (\(26.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 654.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.95 654.07 Td (\(24.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 654.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 639.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.65 639.17 Td (53.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.65 639.17 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.65 639.17 Td (51.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 639.17 Td (2.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 639.17 Td (2.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.25 639.17 Td (4.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.25 639.17 Td (6.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 624.17 Td (T) Tj ET Q q 0 0 0 rg BT 79.91 624.17 Td (otal net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 624.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.10 624.17 Td (2,217.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.65 624.17 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.15 624.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.50 624.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.10 624.17 Td (2,541.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 624.17 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 624.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.50 624.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.30 624.22 Td (\(323.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 624.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.95 624.17 Td (\(12.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 624.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.95 624.17 Td (\(10.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 624.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 599.00 Td (The following table sets forth consolidated net sales by segment and the changes in net sales by segment on both a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 587.00 Td (reported and constant currency basis from period to period \(dollars in millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 518.50 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.50 518.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 518.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.50 518.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 518.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 518.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 518.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 518.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 518.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 518.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 518.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 518.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 518.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 518.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 488.50 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.50 488.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 488.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.50 488.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 488.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 488.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 488.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 488.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 488.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 488.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 488.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 488.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 488.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 488.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 458.50 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.50 458.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 458.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.50 458.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 458.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 458.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 458.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 458.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 458.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 458.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 458.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 458.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 458.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 458.50 49.00 -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 176.5 563.5 m 223.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 563.5 m 227.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 563.5 m 276.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 563.5 m 280.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 563.5 m 328.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 563.5 m 332.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 563.5 m 381.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176.5 563.5 m 223.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176.5 550.5 m 223.5 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 550.5 m 227.5 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 550.5 m 276.5 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 563.5 m 328.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 550.5 m 328.5 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 550.5 m 332.5 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 550.5 m 381.5 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 550.5 m 432.5 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 550.5 m 436.5 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 550.5 m 485.5 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 550.5 m 490.5 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 550.5 m 539.5 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 550.5 m 539.5 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176.5 518.5 m 223.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 518.5 m 276.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 518.5 m 328.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 518.5 m 381.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 518.5 m 432.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 518.5 m 485.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 518.5 m 539.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176.5 518.5 m 223.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 518.5 m 276.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 518.5 m 328.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 518.5 m 381.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 518.5 m 432.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 518.5 m 485.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 518.5 m 539.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176.5 458.5 m 223.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 458.5 m 328.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176.5 458.5 m 223.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176.5 444.5 m 223.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176.5 442.5 m 223.5 442.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 458.5 m 276.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 444.5 m 276.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 442.5 m 276.5 442.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 458.5 m 328.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 444.5 m 328.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 442.5 m 328.5 442.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 458.5 m 381.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 444.5 m 381.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 442.5 m 381.5 442.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 458.5 m 432.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 444.5 m 432.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 442.5 m 432.5 442.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 458.5 m 485.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 444.5 m 485.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 442.5 m 485.5 442.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 458.5 m 539.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 444.5 m 539.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 442.5 m 539.5 442.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.70 567.73 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 281.55 567.73 Td (Y) Tj ET Q q 0 0 0 rg BT 286.73 567.73 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.00 554.73 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.50 554.73 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.40 554.73 Td (Gr) Tj ET Q q 0 0 0 rg BT 442.10 554.73 Td (owth \(Decline\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.65 530.73 Td (Per) Tj ET Q q 0 0 0 rg BT 244.49 530.73 Td (centage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.45 522.73 Td (of ) Tj ET Q q 0 0 0 rg BT 246.97 522.73 Td (T) Tj ET Q q 0 0 0 rg BT 251.57 522.73 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.65 530.73 Td (Per) Tj ET Q q 0 0 0 rg BT 349.49 530.73 Td (centage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.45 522.73 Td (of ) Tj ET Q q 0 0 0 rg BT 351.97 522.73 Td (T) Tj ET Q q 0 0 0 rg BT 356.57 522.73 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.65 530.73 Td (Per) Tj ET Q q 0 0 0 rg BT 453.57 530.73 Td (centage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.90 522.73 Td (as Reported) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.65 538.73 Td (Per) Tj ET Q q 0 0 0 rg BT 507.57 538.73 Td (centage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.90 530.73 Td (Constant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.10 522.73 Td (Curr) Tj ET Q q 0 0 0 rg BT 515.36 522.73 Td (ency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 183.90 522.73 Td (Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.40 522.73 Td (Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.05 522.73 Td (Dollars) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 508.17 Td (Americas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.00 508.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.15 508.17 Td (950.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 508.17 Td (42.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.65 508.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.00 508.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.60 508.17 Td (1,174.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 508.17 Td (46.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 508.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.00 508.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 508.22 Td (\(224.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 508.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.45 508.17 Td (\(19.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.30 508.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.45 508.17 Td (\(19.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 508.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 493.17 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.15 493.17 Td (715.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 493.17 Td (32.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 493.17 Td (856.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 493.17 Td (33.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 493.22 Td (\(140.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 493.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.45 493.17 Td (\(16.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.30 493.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.45 493.17 Td (\(12.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 493.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 478.17 Td (Asia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.15 478.17 Td (535.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 478.17 Td (24.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 478.17 Td (505.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 478.17 Td (19.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 478.17 Td (29.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.75 478.17 Td (5.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.75 478.17 Td (9.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 463.17 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.15 463.17 Td (17.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 463.17 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 463.17 Td (5.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 463.17 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 463.17 Td (1) Tj ET Q q 0 0 0 rg BT 416.15 463.17 Td (1.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.75 463.17 Td (228.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.75 463.17 Td (228.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 448.17 Td (T) Tj ET Q q 0 0 0 rg BT 85.41 448.17 Td (otal net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.00 448.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.60 448.17 Td (2,217.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.15 448.17 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.65 448.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.00 448.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.60 448.17 Td (2,541.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 448.17 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 448.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.00 448.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 448.22 Td (\(323.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 448.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.45 448.17 Td (\(12.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.30 448.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.45 448.17 Td (\(10.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 448.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 423.00 Td (Americas Net Sales.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.50 423.00 Td ( ) Tj ET Q q 0 0 0 rg BT 156.44 423.00 Td (Americas net sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.91 423.00 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.33 423.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.83 423.00 Td ($224.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.72 423.00 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.05 423.00 Td (19.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.88 423.00 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.71 423.00 Td (19.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.54 423.00 Td ( in constant currency\), lar) Tj ET Q q 0 0 0 rg BT 507.82 423.00 Td (gely driven ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 411.00 Td (by decreases in watches. During fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.48 411.00 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.48 411.00 Td (, our multi-brand watch portfolio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.90 411.00 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.31 411.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.81 411.00 Td ($167.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.70 411.00 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.03 411.00 Td (17.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.86 411.00 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.69 411.00 Td (17.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.52 411.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 399.00 Td (in constant currency\), with declines across nearly all brands and the lar) Tj ET Q q 0 0 0 rg BT 333.10 399.00 Td (gest decreases in MICHAEL) Tj ET Q q 0 0 0 rg BT 447.98 399.00 Td ( KORS and FOSSIL. Sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 387.00 Td (also declined due to the termination of the BURBERR) Tj ET Q q 0 0 0 rg BT 266.69 387.00 Td (Y) Tj ET Q q 0 0 0 rg BT 273.54 387.00 Td ( and MARC JACOBS licenses. Our leathers category ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.89 387.00 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.30 387.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 387.00 Td ($26.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 375.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 375.00 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.72 375.00 Td (15.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.55 375.00 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.38 375.00 Td (15.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.21 375.00 Td ( in constant currency\), mainly driven by FOSSIL) Tj ET Q q 0 0 0 rg BT 344.92 375.00 Td ( branded products and our jewelry business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.71 375.00 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.12 375.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 363.00 Td ($25.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.39 363.00 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.72 363.00 Td (50.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.55 363.00 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.38 363.00 Td (50.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.21 363.00 Td ( in constant currency\), mostly driven by MICHAEL) Tj ET Q q 0 0 0 rg BT 381.58 363.00 Td ( KORS branded product. ) Tj ET Q q 0 0 0 rg BT 485.82 363.00 Td (W) Tj ET Q q 0 0 0 rg BT 494.86 363.00 Td (ithin the region, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 351.00 Td (sales declined in the U.S., Mexico and Canada. Comparable retail sales decreased moderately in the region, with negative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 339.00 Td (comparable sales in full price stores, outlet stores and e-commerce.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 318.00 Td (The following table sets forth product net sales and the changes in product net sales on both a reported and constant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.00 Td (currency basis from period to period for the ) Tj ET Q q 0 0 0 rg BT 226.11 306.00 Td (Americas segment \(dollars in millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 136.25 239.50 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.25 239.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.25 239.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.25 239.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.25 239.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.25 239.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.25 239.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.25 239.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.25 239.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.25 239.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 136.25 209.50 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.25 209.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.25 209.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.25 209.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.25 209.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.25 209.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.25 209.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.25 209.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.25 209.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.25 209.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 136.25 179.50 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.25 179.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.25 179.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.25 179.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.25 179.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.25 179.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.25 179.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.25 179.50 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.25 179.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.25 179.50 49.00 -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 241.25 282.5 m 288.25 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.25 282.5 m 292.25 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 282.5 m 340.25 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 282.5 m 288.25 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 269.5 m 288.25 269.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.25 282.5 m 292.25 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.25 269.5 m 292.25 269.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 282.5 m 340.25 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 269.5 m 340.25 269.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 269.5 m 391.25 269.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.25 269.5 m 395.25 269.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 269.5 m 444.25 269.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.25 269.5 m 448.25 269.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 269.5 m 497.25 269.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 269.5 m 497.25 269.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 239.5 m 288.25 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 239.5 m 340.25 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 239.5 m 391.25 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 239.5 m 444.25 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 239.5 m 497.25 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 239.5 m 288.25 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 239.5 m 340.25 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 239.5 m 391.25 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 239.5 m 444.25 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 239.5 m 497.25 239.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 179.5 m 288.25 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 179.5 m 340.25 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 179.5 m 391.25 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 179.5 m 288.25 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 165.5 m 288.25 165.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 163.5 m 288.25 163.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 179.5 m 340.25 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 165.5 m 340.25 165.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 163.5 m 340.25 163.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 179.5 m 391.25 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 165.5 m 391.25 165.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 163.5 m 391.25 163.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 179.5 m 444.25 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 165.5 m 444.25 165.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 163.5 m 444.25 163.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 179.5 m 497.25 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 165.5 m 497.25 165.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 163.5 m 497.25 163.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.55 286.73 Td (Net Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.45 273.73 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 293.30 273.73 Td (Y) Tj ET Q q 0 0 0 rg BT 298.48 273.73 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.65 273.73 Td (Gr) Tj ET Q q 0 0 0 rg BT 400.35 273.73 Td (owth \(Decline\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.40 251.73 Td (Per) Tj ET Q q 0 0 0 rg BT 412.32 251.73 Td (centage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.65 243.73 Td (as Reported) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.40 259.73 Td (Per) Tj ET Q q 0 0 0 rg BT 465.32 259.73 Td (centage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.65 251.73 Td (Constant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.85 243.73 Td (Curr) Tj ET Q q 0 0 0 rg BT 473.11 243.73 Td (ency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.25 243.73 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.75 243.73 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.80 243.73 Td (Dollars) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.75 229.17 Td (W) Tj ET Q q 0 0 0 rg BT 147.79 229.17 Td (atches) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.75 229.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.90 229.17 Td (769.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.75 229.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.90 229.17 Td (936.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.75 229.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.55 229.17 Td (\(167.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.40 229.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.20 229.17 Td (\(17.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.05 229.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.20 229.17 Td (\(17.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.05 229.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.75 214.17 Td (Leathers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.90 214.17 Td (145.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.90 214.17 Td (171.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.55 214.17 Td (\(26.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.40 214.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.20 214.17 Td (\(15.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.05 214.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.20 214.17 Td (\(15.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.05 214.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.75 199.17 Td (Jewelry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.90 199.17 Td (24.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.90 199.17 Td (50.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.55 199.17 Td (\(25.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.40 199.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.20 199.17 Td (\(50.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.05 199.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.20 199.17 Td (\(50.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.05 199.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.75 184.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.90 184.17 Td (10.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.90 184.17 Td (15.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.55 184.17 Td (\(5.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.40 184.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.20 184.17 Td (\(35.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.05 184.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.20 184.17 Td (\(35.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.05 184.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.75 169.17 Td (T) Tj ET Q q 0 0 0 rg BT 144.16 169.17 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.75 169.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.90 169.17 Td (950.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.75 169.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.35 169.17 Td (1,174.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.75 169.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.55 169.17 Td (\(224.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.40 169.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.20 169.17 Td (\(19.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.05 169.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.20 169.17 Td (\(19.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.05 169.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 144.00 Td (Europe Net Sales.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.17 144.00 Td ( During fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.36 144.00 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.36 144.00 Td (, Europe net sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.39 144.00 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.81 144.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.31 144.00 Td ($140.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.20 144.00 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.53 144.00 Td (16.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.36 144.00 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.19 144.00 Td (12.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.02 144.00 Td ( in constant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 132.00 Td (currency\). Our multi-brand watch portfolio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.44 132.00 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.86 132.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.36 132.00 Td ($99.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.25 132.00 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.58 132.00 Td (15.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.41 132.00 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.24 132.00 Td (1) Tj ET Q q 0 0 0 rg BT 369.87 132.00 Td (1.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.70 132.00 Td ( in constant currency\), our leathers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 120.00 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.89 120.00 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.31 120.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.81 120.00 Td ($20.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.70 120.00 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.03 120.00 Td (29.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.86 120.00 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.69 120.00 Td (26.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.52 120.00 Td ( in constant currency\) and our jewelry category ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 120.00 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.52 120.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.02 120.00 Td ($18.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.91 120.00 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 108.00 Td (16.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.33 108.00 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.16 108.00 Td (13.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.99 108.00 Td ( in constant currency\) in fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.54 108.00 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.54 108.00 Td (, as compared to fiscal year 2018. During fiscal year 2019, most of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 96.00 Td (brands in the portfolio declined, driven by weakness in the wholesale channel and retail store closures. Sales decreased in all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 84.00 Td (markets, most notably in the U.K. and Germany) Tj ET Q q 0 0 0 rg BT 241.03 84.00 Td (. Comparable retail sales were modestly negative during fiscal year 2019, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 72.00 Td (positive comparable sales in e-commerce more than of) Tj ET Q q 0 0 0 rg BT 267.84 72.00 Td (fset by negative comparable sales in our store concepts.) Tj ET Q endstream endobj 81 0 obj <>] /Rotate 0 /Contents 82 0 R>> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 740.10 Td (The following table sets forth product net sales and the changes in product net sales on both a reported and constant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (currency basis from period to period for the Europe segment \(dollars in millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 136.25 647.60 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.25 647.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.25 647.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.25 647.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.25 647.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.25 647.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.25 647.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.25 647.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.25 647.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.25 647.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 136.25 617.60 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.25 617.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.25 617.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.25 617.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.25 617.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.25 617.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.25 617.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.25 617.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.25 617.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.25 617.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 136.25 587.60 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.25 587.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.25 587.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.25 587.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.25 587.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.25 587.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.25 587.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.25 587.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.25 587.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.25 587.60 49.00 -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 241.25 692.6 m 288.25 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 692.6 m 340.25 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 692.6 m 288.25 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 679.6 m 288.25 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.25 692.6 m 292.25 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.25 679.6 m 292.25 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 692.6 m 340.25 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 679.6 m 340.25 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 679.6 m 391.25 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.25 679.6 m 395.25 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 679.6 m 444.25 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.25 679.6 m 448.25 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 679.6 m 497.25 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 679.6 m 497.25 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 647.6 m 288.25 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 647.6 m 340.25 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 647.6 m 391.25 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 647.6 m 444.25 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 647.6 m 497.25 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 647.6 m 288.25 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 647.6 m 340.25 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 647.6 m 391.25 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 647.6 m 444.25 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 647.6 m 497.25 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 587.6 m 288.25 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 587.6 m 340.25 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 587.6 m 391.25 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 587.6 m 288.25 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 573.6 m 288.25 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 571.6 m 288.25 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 587.6 m 340.25 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 573.6 m 340.25 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 571.6 m 340.25 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 587.6 m 391.25 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 573.6 m 391.25 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 571.6 m 391.25 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 587.6 m 444.25 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 573.6 m 444.25 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 571.6 m 444.25 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 587.6 m 497.25 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 573.6 m 497.25 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 571.6 m 497.25 571.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.55 696.83 Td (Net Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.45 683.83 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 293.30 683.83 Td (Y) Tj ET Q q 0 0 0 rg BT 298.48 683.83 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.65 683.83 Td (Gr) Tj ET Q q 0 0 0 rg BT 400.35 683.83 Td (owth \(Decline\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.40 659.83 Td (Per) Tj ET Q q 0 0 0 rg BT 412.32 659.83 Td (centage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.65 651.83 Td (as Reported) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.40 667.83 Td (Per) Tj ET Q q 0 0 0 rg BT 465.32 667.83 Td (centage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.65 659.83 Td (Constant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.85 651.83 Td (Curr) Tj ET Q q 0 0 0 rg BT 473.11 651.83 Td (ency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.25 651.83 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.75 651.83 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.80 651.83 Td (Dollars) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.75 637.27 Td (W) Tj ET Q q 0 0 0 rg BT 147.79 637.27 Td (atches) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.75 637.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.90 637.27 Td (557.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.75 637.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.90 637.27 Td (656.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.75 637.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.55 637.27 Td (\(99.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.40 637.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.20 637.27 Td (\(15.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.05 637.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.20 637.27 Td (\(1) Tj ET Q q 0 0 0 rg BT 472.53 637.27 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.05 637.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.75 622.27 Td (Leathers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.90 622.27 Td (47.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.90 622.27 Td (67.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.55 622.27 Td (\(20.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.40 622.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.20 622.27 Td (\(29.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.05 622.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.20 622.27 Td (\(26.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.05 622.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.75 607.27 Td (Jewelry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.90 607.27 Td (92.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.90 607.27 Td (1) Tj ET Q q 0 0 0 rg BT 318.90 607.27 Td (1) Tj ET Q q 0 0 0 rg BT 323.90 607.27 Td (1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.55 607.27 Td (\(18.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.40 607.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.20 607.27 Td (\(16.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.05 607.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.20 607.27 Td (\(13.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.05 607.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.75 592.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.90 592.27 Td (17.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.90 592.27 Td (20.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.55 592.27 Td (\(2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.40 592.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.20 592.27 Td (\(13.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.05 592.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.20 592.27 Td (\(8.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.05 592.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.75 577.27 Td (T) Tj ET Q q 0 0 0 rg BT 144.16 577.27 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.75 577.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.90 577.27 Td (715.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.75 577.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.90 577.27 Td (856.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.75 577.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.55 577.27 Td (\(140.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.40 577.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.20 577.27 Td (\(16.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.05 577.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.20 577.27 Td (\(12.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.05 577.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 552.10 Td (Asia Net Sales.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.95 552.10 Td ( In fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.14 552.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.14 552.10 Td (, ) Tj ET Q q 0 0 0 rg BT 215.59 552.10 Td (Asia net sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.07 552.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.83 552.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.33 552.10 Td ($29.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.22 552.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.55 552.10 Td (5.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.38 552.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.21 552.10 Td (9.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.04 552.10 Td ( in constant currency\). Our watch ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 540.10 Td (category ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.42 540.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.18 540.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.68 540.10 Td ($36.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.57 540.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.90 540.10 Td (8.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.73 540.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.56 540.10 Td (1) Tj ET Q q 0 0 0 rg BT 225.19 540.10 Td (1.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.02 540.10 Td ( in constant currency\), our leathers products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.29 540.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.70 540.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.20 540.10 Td ($4.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.10 540.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.43 540.10 Td (9.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.26 540.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 528.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.83 528.10 Td (6.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.66 528.10 Td ( in constant currency\), and our jewelry business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.21 528.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.63 528.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.13 528.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.02 528.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.35 528.10 Td (8.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.18 528.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.01 528.10 Td (6.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.84 528.10 Td ( in constant currency\). In our watch ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 516.10 Td (portfolio, we had strong sales growth in EMPORIO ) Tj ET Q q 0 0 0 rg BT 258.09 516.10 Td (ARMANI products and modest growth in ) Tj ET Q q 0 0 0 rg BT 426.97 516.10 Td (ARMANI EXCHANGE and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 504.10 Td (FOSSIL, while most other brands declined. Fiscal year 2019 sales were negatively impacted by the termination of the MARC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.10 Td (JACOBS and BURBERR) Tj ET Q q 0 0 0 rg BT 152.30 492.10 Td (Y) Tj ET Q q 0 0 0 rg BT 159.15 492.10 Td ( licenses. ) Tj ET Q q 0 0 0 rg BT 198.13 492.10 Td (W) Tj ET Q q 0 0 0 rg BT 207.17 492.10 Td (ithin the region, we had strong sales growth in mainland China and India, which were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.10 Td (partially of) Tj ET Q q 0 0 0 rg BT 93.47 480.10 Td (fset by sales decreases in ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 195.84 487.03 64.74 -9.09 re f /GS0 gs q 0 0 0 rg BT 195.75 480.10 Td (T) Tj ET Q q 0 0 0 rg BT 201.16 480.10 Td (aiwan \(China\),) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.58 480.10 Td ( Japan and ) Tj ET Q q 0 0 0 rg BT 304.74 480.10 Td (Australia. For fiscal year 2019, comparable retail sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.10 Td (decreased modestly) Tj ET Q q 0 0 0 rg BT 127.43 468.10 Td (, with positive comparable sales in our e-commerce business of) Tj ET Q q 0 0 0 rg BT 380.51 468.10 Td (fset by negative comparable sales in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.10 Td (stores.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 435.10 Td (The following table sets forth product net sales and the changes in product net sales on both a reported and constant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.10 Td (currency basis from period to period for the ) Tj ET Q q 0 0 0 rg BT 226.11 423.10 Td (Asia segment \(dollars in millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 136.25 344.60 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.25 344.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.25 344.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.25 344.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.25 344.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.25 344.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.25 344.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.25 344.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.25 344.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.25 344.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 136.25 314.60 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.25 314.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.25 314.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.25 314.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.25 314.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.25 314.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.25 314.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.25 314.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.25 314.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.25 314.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 136.25 284.60 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.25 284.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.25 284.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.25 284.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.25 284.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.25 284.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.25 284.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.25 284.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.25 284.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.25 284.60 49.00 -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 241.25 387.6 m 288.25 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 387.6 m 340.25 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 387.6 m 288.25 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 374.6 m 288.25 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.25 387.6 m 292.25 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.25 374.6 m 292.25 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 387.6 m 340.25 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 374.6 m 340.25 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 374.6 m 391.25 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.25 374.6 m 395.25 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 374.6 m 444.25 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.25 374.6 m 448.25 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 374.6 m 497.25 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 374.6 m 497.25 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 344.6 m 288.25 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 344.6 m 340.25 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 344.6 m 391.25 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 344.6 m 444.25 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 344.6 m 497.25 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 344.6 m 288.25 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 344.6 m 340.25 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 344.6 m 391.25 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 344.6 m 444.25 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 344.6 m 497.25 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 284.6 m 288.25 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 284.6 m 340.25 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 284.6 m 391.25 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 284.6 m 288.25 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 270.6 m 288.25 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.25 268.6 m 288.25 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 284.6 m 340.25 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 270.6 m 340.25 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.25 268.6 m 340.25 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 284.6 m 391.25 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 270.6 m 391.25 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 268.6 m 391.25 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 284.6 m 444.25 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 270.6 m 444.25 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.25 268.6 m 444.25 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 284.6 m 497.25 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 270.6 m 497.25 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.25 268.6 m 497.25 268.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.55 391.83 Td (Net Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.45 378.83 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 293.30 378.83 Td (Y) Tj ET Q q 0 0 0 rg BT 298.48 378.83 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.65 378.83 Td (Gr) Tj ET Q q 0 0 0 rg BT 400.35 378.83 Td (owth \(Decline\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.40 356.83 Td (Per) Tj ET Q q 0 0 0 rg BT 412.32 356.83 Td (centage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.65 348.83 Td (as Reported) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.40 364.83 Td (Per) Tj ET Q q 0 0 0 rg BT 465.32 364.83 Td (centage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.65 356.83 Td (Constant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.85 348.83 Td (Curr) Tj ET Q q 0 0 0 rg BT 473.11 348.83 Td (ency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.25 348.83 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.75 348.83 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.80 348.83 Td (Dollars) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.75 334.27 Td (W) Tj ET Q q 0 0 0 rg BT 147.79 334.27 Td (atches) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.75 334.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.90 334.27 Td (475.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.75 334.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.90 334.27 Td (439.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.75 334.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.90 334.27 Td (36.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.90 334.27 Td (8.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.40 334.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.90 334.27 Td (1) Tj ET Q q 0 0 0 rg BT 475.90 334.27 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.40 334.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.75 319.27 Td (Leathers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.90 319.27 Td (45.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.90 319.27 Td (50.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.55 319.27 Td (\(4.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.40 319.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.55 319.32 Td (\(9.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.40 319.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.55 319.32 Td (\(6.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.40 319.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.75 304.27 Td (Jewelry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.90 304.27 Td (5.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.90 304.27 Td (5.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.55 304.27 Td (\(0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.40 304.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.55 304.32 Td (\(8.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.40 304.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.55 304.32 Td (\(6.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.40 304.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.75 289.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.90 289.27 Td (8.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.90 289.27 Td (10.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.55 289.27 Td (\(1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.40 289.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.55 289.32 Td (\(16.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.40 289.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.55 289.32 Td (\(13.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.40 289.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.75 274.27 Td (T) Tj ET Q q 0 0 0 rg BT 144.16 274.27 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.75 274.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.90 274.27 Td (535.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.75 274.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.90 274.27 Td (505.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.75 274.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.90 274.27 Td (29.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.90 274.27 Td (5.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.40 274.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.90 274.27 Td (9.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.40 274.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 249.10 Td (Stores. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.56 249.10 Td (The following table sets forth the number of stores by concept for the fiscal years ended below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 57.50 211.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.50 211.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 211.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 211.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 211.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 211.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 211.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 211.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 211.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 57.50 181.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.50 181.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 181.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 181.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 181.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 181.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 181.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 181.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 181.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 181.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 181.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 181.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 181.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 181.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 181.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 181.60 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157.5 224.60000000000002 m 203.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 224.60000000000002 m 207.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 224.60000000000002 m 253.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 224.60000000000002 m 257.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 224.60000000000002 m 303.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 224.60000000000002 m 307.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 224.60000000000002 m 353.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 224.60000000000002 m 403.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 224.60000000000002 m 407.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 224.60000000000002 m 453.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 224.60000000000002 m 457.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 224.60000000000002 m 503.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 224.60000000000002 m 507.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 224.60000000000002 m 553.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157.5 224.60000000000002 m 203.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157.5 211.60000000000002 m 203.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 224.60000000000002 m 253.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 211.60000000000002 m 253.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 224.60000000000002 m 257.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 211.60000000000002 m 257.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 224.60000000000002 m 303.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 211.60000000000002 m 303.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 211.60000000000002 m 353.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 224.60000000000002 m 403.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 211.60000000000002 m 403.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 224.60000000000002 m 453.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 211.60000000000002 m 453.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 224.60000000000002 m 457.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 211.60000000000002 m 457.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 224.60000000000002 m 503.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 211.60000000000002 m 503.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 211.60000000000002 m 553.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157.5 211.60000000000002 m 203.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 211.60000000000002 m 253.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 211.60000000000002 m 303.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 211.60000000000002 m 353.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 211.60000000000002 m 403.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 211.60000000000002 m 453.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 211.60000000000002 m 503.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 211.60000000000002 m 553.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157.5 166.60000000000002 m 203.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 166.60000000000002 m 253.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 166.60000000000002 m 303.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 166.60000000000002 m 403.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 166.60000000000002 m 453.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 166.60000000000002 m 503.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 166.60000000000002 m 553.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157.5 166.60000000000002 m 203.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157.5 152.60000000000002 m 203.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157.5 150.60000000000002 m 203.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 166.60000000000002 m 253.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 152.60000000000002 m 253.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 150.60000000000002 m 253.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 166.60000000000002 m 303.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 152.60000000000002 m 303.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 150.60000000000002 m 303.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 166.60000000000002 m 353.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 152.60000000000002 m 353.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 150.60000000000002 m 353.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 166.60000000000002 m 403.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 152.60000000000002 m 403.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 150.60000000000002 m 403.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 166.60000000000002 m 453.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 152.60000000000002 m 453.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 150.60000000000002 m 453.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 166.60000000000002 m 503.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 152.60000000000002 m 503.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 150.60000000000002 m 503.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 166.60000000000002 m 553.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 152.60000000000002 m 553.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 150.60000000000002 m 553.5 150.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.00 229.28 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.75 228.83 Td (December) Tj ET Q q 0 0 0 rg BT 257.32 228.83 Td ( 28, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.75 228.83 Td (December) Tj ET Q q 0 0 0 rg BT 457.32 228.83 Td ( 29, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 60.00 215.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.75 215.83 Td (Americas) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.40 215.83 Td (Eur) Tj ET Q q 0 0 0 rg BT 230.66 215.83 Td (ope) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.40 215.83 Td (Asia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.25 215.83 Td (T) Tj ET Q q 0 0 0 rg BT 326.22 215.83 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.75 215.83 Td (Americas) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.40 215.83 Td (Eur) Tj ET Q q 0 0 0 rg BT 430.66 215.83 Td (ope) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.40 215.83 Td (Asia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.25 215.83 Td (T) Tj ET Q q 0 0 0 rg BT 525.85 215.83 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 201.27 Td (Accessory stores) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.65 201.27 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.65 201.27 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 201.27 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 201.27 Td (221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 201.27 Td (89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 201.27 Td (94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 201.27 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 201.27 Td (236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 186.27 Td (Outlets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.65 186.27 Td (1) Tj ET Q q 0 0 0 rg BT 189.65 186.27 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.65 186.27 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 186.27 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 186.27 Td (223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 186.27 Td (126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 186.27 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 186.27 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 186.27 Td (240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 171.27 Td (Full priced multi-brand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.65 171.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.65 171.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 171.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 171.27 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 171.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 171.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 171.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 171.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 156.27 Td (T) Tj ET Q q 0 0 0 rg BT 65.41 156.27 Td (otal stores) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.65 156.27 Td (199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.65 156.27 Td (161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 156.27 Td (91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 156.27 Td (451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 156.27 Td (215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 156.27 Td (173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 156.27 Td (96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 156.27 Td (484) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 131.10 Td (During fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.69 131.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.69 131.10 Td (, we opened ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.23 131.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.23 131.10 Td ( new stores and closed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.71 131.10 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.71 131.10 Td ( stores. During fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.23 131.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.23 131.10 Td (, we anticipate opening ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 119.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.76 119.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.76 119.10 Td ( additional retail stores and closing approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.21 119.10 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.21 119.10 Td ( stores globally) Tj ET Q q 0 0 0 rg BT 392.66 119.10 Td (, depending on lease negotiations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 98.10 Td ( Both stores and e-commerce sites are included in comparable retail sales in the thirteenth month of operation. Stores that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.10 Td (experience a gross square footage increase of 10% or more due to an expansion and/or relocation are removed from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.10 Td (comparable store sales base, but are included in total sales. ) Tj ET Q q 0 0 0 rg BT 287.01 74.10 Td (These stores are returned to the comparable store sales base in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.10 Td (thirteenth month following the expansion and/or relocation. Comparable retail sales also exclude the ef) Tj ET Q q 0 0 0 rg BT 461.41 62.10 Td (fects of foreign currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 50.10 Td (fluctuations. ) Tj ET Q endstream endobj 83 0 obj <>] /Rotate 0 /Contents 84 0 R>> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (38) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 740.25 Td (Gross Profit. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.28 740.25 Td (Gross profit in fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.98 740.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.98 740.25 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.53 740.25 Td ($1.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.64 740.25 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.97 740.25 Td (49.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.80 740.25 Td ( of net sales compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.99 740.25 Td ($1.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.10 740.25 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.43 740.25 Td (52.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.26 740.25 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.36 728.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.36 728.25 Td (. ) Tj ET Q q 0 0 0 rg BT 120.68 728.25 Td (The decrease in gross profit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.08 728.25 Td ($0.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.19 728.25 Td ( was primarily due to decreased net sales and a lower gross mar) Tj ET Q q 0 0 0 rg BT 545.37 728.25 Td (gin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.25 Td (percentage. ) Tj ET Q q 0 0 0 rg BT 97.62 716.25 Td (The gross mar) Tj ET Q q 0 0 0 rg BT 154.65 716.25 Td (gin percentage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.73 716.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.14 716.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.64 716.25 Td (310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.64 716.25 Td ( basis points in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.87 716.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.87 716.25 Td ( compared to fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.43 716.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.43 716.25 Td (, lar) Tj ET Q q 0 0 0 rg BT 488.80 716.25 Td (gely driven by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.25 Td (inventory valuation adjustments, of which $38 million were recorded in fiscal year 2019 primarily for excess levels of older ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.25 Td (generation connected watches, increased product costs including tarif) Tj ET Q q 0 0 0 rg BT 326.99 692.25 Td (fs and freight and an unfavorable currency impact of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.76 680.25 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.76 680.25 Td ( basis points. ) Tj ET Q q 0 0 0 rg BT 174.03 680.25 Td (These costs were partially of) Tj ET Q q 0 0 0 rg BT 288.80 680.25 Td (fset by higher mar) Tj ET Q q 0 0 0 rg BT 361.65 680.25 Td (gin sales growth in ) Tj ET Q q 0 0 0 rg BT 439.43 680.25 Td (Asia and benefits from our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.25 Td (NWF initiatives. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 647.25 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 74.50 647.25 Td (Operating Expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.56 647.25 Td (For fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.82 647.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.82 647.25 Td (, total operating expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.95 647.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.37 647.25 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.37 647.25 Td ($149.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.26 647.25 Td ( and, as a percentage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 635.25 Td (net sales, increased to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.19 635.25 Td (50.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.02 635.25 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.22 635.25 Td (50.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.05 635.25 Td ( in fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.69 635.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.69 635.25 Td (. SG&A) Tj ET Q q 0 0 0 rg BT 356.92 635.25 Td ( expenses were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.95 635.25 Td ($143.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.84 635.25 Td ( lower in fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 623.25 Td (2019 compared to fiscal year 2018 mainly due to corporate and regional infrastructure reductions driven by our NWF initiatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 611.25 Td (and lower store costs due to store closures. During fiscal year 2019, we incurred restructuring costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.66 611.25 Td ($29.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.55 611.25 Td ( under our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.25 Td (NWF initiatives compared with restructuring costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.29 599.25 Td ($46.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.18 599.25 Td ( in fiscal year 2018. ) Tj ET Q q 0 0 0 rg BT 400.64 599.25 Td (W) Tj ET Q q 0 0 0 rg BT 409.28 599.25 Td (e incurred non-cash intangible asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 587.25 Td (impairment char) Tj ET Q q 0 0 0 rg BT 115.13 587.25 Td (ges of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.79 587.25 Td ($16.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.68 587.25 Td ( in fiscal year 2019 compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.02 587.25 Td ($6.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.91 587.25 Td ( in fiscal year 2018. ) Tj ET Q q 0 0 0 rg BT 457.37 587.25 Td (The translation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 575.25 Td (foreign-denominated expenses during fiscal year 2019 decreased operating expenses by approximately $22.3 million as a result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.25 Td (of the stronger U.S. dollar) Tj ET Q q 0 0 0 rg BT 153.37 563.25 Td (. ) Tj ET Q q 0 0 0 rg BT 157.82 563.25 Td (As a percentage of net sales, SG&A) Tj ET Q q 0 0 0 rg BT 301.39 563.25 Td ( expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.49 563.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.24 563.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.02 563.25 Td (48.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.85 563.25 Td ( in fiscal year 2019 as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.25 Td (48.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.33 551.25 Td ( in fiscal year 2018.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 530.25 Td (Consolidated Operating Income \(Loss\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.73 530.25 Td (Operating income \(loss\) was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.92 530.25 Td ($\(28.4\) million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.47 530.25 Td ( in fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.11 530.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.11 530.25 Td (, as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.25 Td ($62.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.39 518.25 Td ( in the prior fiscal year) Tj ET Q q 0 0 0 rg BT 193.79 518.25 Td (, primarily driven by decreased sales volume and gross mar) Tj ET Q q 0 0 0 rg BT 431.31 518.25 Td (gin rate, partially of) Tj ET Q q 0 0 0 rg BT 510.54 518.25 Td (fset by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 506.25 Td (decreased operating expenses. ) Tj ET Q q 0 0 0 rg BT 175.10 506.25 Td (W) Tj ET Q q 0 0 0 rg BT 184.13 506.25 Td (ithin operating expenses, SG&A) Tj ET Q q 0 0 0 rg BT 313.56 506.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.06 506.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.48 506.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.98 506.25 Td ($143.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.87 506.25 Td ( driven by corporate and regional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 494.25 Td (infrastructure reductions and lower store costs due to store closures, restructuring char) Tj ET Q q 0 0 0 rg BT 394.21 494.25 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.04 494.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.45 494.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.95 494.25 Td ($17.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.84 494.25 Td (, and trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 482.25 Td (name impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.25 482.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.01 482.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.51 482.25 Td ($10.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.40 482.25 Td (. ) Tj ET Q q 0 0 0 rg BT 223.72 482.25 Td (The gross mar) Tj ET Q q 0 0 0 rg BT 280.75 482.25 Td (gin rate decreased lar) Tj ET Q q 0 0 0 rg BT 365.79 482.25 Td (gely driven by \(i\) inventory valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 470.25 Td (adjustments, of which $38 million were recorded in fiscal year 2019, primarily for excess levels of older generation connected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 458.25 Td (watches, \(ii\) increased product costs, including tarif) Tj ET Q q 0 0 0 rg BT 256.47 458.25 Td (fs and freight and \(iii\) an unfavorable currency impact of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.19 458.25 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.19 458.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 446.25 Td (basis points. ) Tj ET Q q 0 0 0 rg BT 101.27 446.25 Td (These costs were partially of) Tj ET Q q 0 0 0 rg BT 216.04 446.25 Td (fset by higher mar) Tj ET Q q 0 0 0 rg BT 288.89 446.25 Td (gin sales growth in ) Tj ET Q q 0 0 0 rg BT 366.67 446.25 Td (Asia and benefits from our NWF initiatives. ) Tj ET Q q 0 0 0 rg BT 544.97 446.25 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.25 Td (a percentage of net sales, operating mar) Tj ET Q q 0 0 0 rg BT 207.85 434.25 Td (gin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.13 434.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.55 434.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.33 434.25 Td (\(1.3\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.82 434.25 Td ( in fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.46 434.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.46 434.25 Td ( as compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.99 434.25 Td (2.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.82 434.25 Td ( in fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.46 434.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.46 434.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 413.25 Td (Operating income \(loss\) by operating segment is summarized as follows \(dollars in millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.00 367.75 194.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.00 367.75 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 367.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.00 367.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 367.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 367.75 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 367.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 367.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 367.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 367.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 367.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 367.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.00 337.75 194.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.00 337.75 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 337.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.00 337.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 337.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 337.75 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 337.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 337.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 337.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 337.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 337.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 337.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.00 307.75 194.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.00 307.75 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 307.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.00 307.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 307.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 307.75 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 307.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 307.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 307.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 307.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 307.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 307.75 53.00 -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 247 380.75 m 294 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 380.75 m 298 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298 380.75 m 343 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 380.75 m 394 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 380.75 m 398 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 380.75 m 444 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 380.75 m 501 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 380.75 m 505 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 380.75 m 558 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 380.75 m 294 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 367.75 m 294 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298 380.75 m 343 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298 367.75 m 343 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 367.75 m 394 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 380.75 m 444 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 367.75 m 444 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 380.75 m 501 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 367.75 m 501 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 380.75 m 505 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 380.75 m 558 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 367.75 m 558 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 367.75 m 294 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298 367.75 m 343 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 367.75 m 501 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 367.75 m 558 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 307.75 m 294 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298 307.75 m 343 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 307.75 m 294 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 293.75 m 294 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 291.75 m 294 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298 307.75 m 343 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298 293.75 m 343 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298 291.75 m 343 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 307.75 m 394 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 293.75 m 394 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 291.75 m 394 291.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 275.70 384.98 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 297.55 384.98 Td (Y) Tj ET Q q 0 0 0 rg BT 302.73 384.98 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.40 384.98 Td (Gr) Tj ET Q q 0 0 0 rg BT 375.10 384.98 Td (owth \(Decline\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.05 384.98 Td (Operating Margin %) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.00 371.98 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.00 371.98 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.55 371.98 Td (Dollars) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.65 371.98 Td (Per) Tj ET Q q 0 0 0 rg BT 413.57 371.98 Td (centage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.00 371.98 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.00 371.98 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 357.42 Td (Americas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.50 357.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.65 357.42 Td (66.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.50 357.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 357.42 Td (185.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 357.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.30 357.47 Td (\(1) Tj ET Q q 0 0 0 rg BT 372.63 357.47 Td (18.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 357.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.95 357.42 Td (\(64.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 357.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.25 357.42 Td (7.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 357.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 357.42 Td (15.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 357.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 342.42 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.65 342.42 Td (88.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 342.42 Td (129.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.30 342.47 Td (\(41.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 342.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.95 342.42 Td (\(31.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 342.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.25 342.42 Td (12.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 342.42 Td (15.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 327.42 Td (Asia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.65 327.42 Td (101.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.65 327.42 Td (87.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 327.42 Td (13.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.30 327.42 Td (15.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.25 327.42 Td (18.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 327.42 Td (17.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 312.42 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.30 312.42 Td (\(284.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.15 312.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.30 312.47 Td (\(339.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 312.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 312.42 Td (54.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.95 312.42 Td (\(16.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 312.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 297.42 Td (T) Tj ET Q q 0 0 0 rg BT 78.91 297.42 Td (otal operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.50 297.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.30 297.42 Td (\(28.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.15 297.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.50 297.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.65 297.42 Td (62.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 297.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.30 297.47 Td (\(91.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 297.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.95 297.42 Td (\(145.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 297.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 297.42 Td (\(1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.80 297.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 297.42 Td (2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 297.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 272.25 Td (Interest Expense. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.17 272.25 Td (Interest expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.36 272.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.78 272.25 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.78 272.25 Td ($12.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.67 272.25 Td (in fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.31 272.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.31 272.25 Td (, as a result of a smaller borrowing base.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 251.25 Td (Other Income \(Expense\)Net. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.10 251.25 Td (During fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.79 251.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.79 251.25 Td (, other income \(expense\) - net was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.74 251.25 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.17 251.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.50 251.25 Td ($27.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.39 251.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.25 Td (compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.70 239.25 Td (loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.26 239.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.59 239.25 Td ($38,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.09 239.25 Td ( the prior fiscal year) Tj ET Q q 0 0 0 rg BT 243.06 239.25 Td (. ) Tj ET Q q 0 0 0 rg BT 247.88 239.25 Td (This change was primarily driven by a $21.6 million gain on the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.25 Td (intellectual property to Google and net foreign currency gains during fiscal year 2019 as compared to net losses in the prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.25 Td (fiscal year) Tj ET Q q 0 0 0 rg BT 90.31 215.25 Td (. Other income in fiscal year 2019 was partially of) Tj ET Q q 0 0 0 rg BT 291.17 215.25 Td (fset by a $3.0 million loss on the extinguishment of debt.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 194.25 Td (Provision for Income T) Tj ET Q q 0 0 0 rg BT 167.47 194.25 Td (axes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.80 194.25 Td (Income tax expense for fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.73 194.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.73 194.25 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.28 194.25 Td ($18.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.17 194.25 Td (, resulting in an ef) Tj ET Q q 0 0 0 rg BT 497.47 194.25 Td (fective tax rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 182.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.33 182.25 Td (\(59.6\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.82 182.25 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.02 182.25 Td (104.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.85 182.25 Td ( in fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.49 182.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.49 182.25 Td (. ) Tj ET Q q 0 0 0 rg BT 262.31 182.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.36 182.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.36 182.25 Td ( ef) Tj ET Q q 0 0 0 rg BT 310.45 182.25 Td (fective rate was negatively impacted by the accrual of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.25 Td (valuation allowances on U.S. net deferred tax assets and the inclusion of foreign income taxed in the U.S. which was partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 158.25 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 158.25 Td (fset by certain favorable permanent dif) Tj ET Q q 0 0 0 rg BT 212.67 158.25 Td (ferences and the release of foreign valuation allowances. ) Tj ET Q q 0 0 0 rg BT 444.05 158.25 Td (The 2018 ef) Tj ET Q q 0 0 0 rg BT 492.19 158.25 Td (fective rate was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 146.25 Td (negatively impacted by the accrual of valuation allowances on U.S. and some foreign net deferred tax assets as well as the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 134.25 Td (inclusion of foreign income taxed in the U.S. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 113.25 Td (Net Income \(Loss\) ) Tj ET Q q 0 0 0 rg BT 150.23 113.25 Td (Attributable to Fossil Group,Inc. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.54 113.25 Td (Fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.63 113.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.63 113.25 Td ( net income \(loss\) attributable to Fossil Group,Inc. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.25 Td (was a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.49 101.25 Td (net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.77 101.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.10 101.25 Td ($1.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.60 101.25 Td ( per diluted share in comparison to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.89 101.25 Td (net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.17 101.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 101.25 Td ($0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 101.25 Td ( per diluted share in the prior fiscal year) Tj ET Q q 0 0 0 rg BT 514.38 101.25 Td (. Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.25 Td (year 2019 included restructuring char) Tj ET Q q 0 0 0 rg BT 199.26 89.25 Td (ges of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.92 89.25 Td ($0.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.42 89.25 Td ( per diluted share and non-cash intangible asset impairment char) Tj ET Q q 0 0 0 rg BT 505.65 89.25 Td (ges of $0.25 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.25 Td (per diluted share. In comparison, fiscal year 2018 included restructuring char) Tj ET Q q 0 0 0 rg BT 360.04 77.25 Td (ges of $0.75 per diluted share and non-cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.25 Td (intangible asset impairment char) Tj ET Q q 0 0 0 rg BT 179.55 65.25 Td (ges of $0.10 per diluted share. Fiscal year 2019 net income \(loss\) attributable to Fossil Group, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 53.25 Td (Inc. was negatively impacted by a decline in gross mar) Tj ET Q q 0 0 0 rg BT 268.69 53.25 Td (gin, partially of) Tj ET Q q 0 0 0 rg BT 330.44 53.25 Td (fset by reduced operating expenses and a $21.6 million ) Tj ET Q endstream endobj 85 0 obj <>] /Rotate 0 /Contents 86 0 R>> endobj 86 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (gain on the sale of intellectual property to Google in fiscal year 2019. Currencies, including both the translation impact on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (operating earnings and the impact of foreign currency hedging contracts, unfavorably af) Tj ET Q q 0 0 0 rg BT 401.40 728.10 Td (fected the year) Tj ET Q q 0 0 0 rg BT 460.05 728.10 Td (-over) Tj ET Q q 0 0 0 rg BT 480.95 728.10 Td (-year diluted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (earnings \(loss\) per share comparison by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.12 716.10 Td ($0.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.62 716.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 695.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 76.62 695.10 Td (Y) Tj ET Q q 0 0 0 rg BT 82.74 695.10 Td (ear) Tj ET Q q 0 0 0 rg BT 96.43 695.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.93 695.10 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.93 695.10 Td ( Compar) Tj ET Q q 0 0 0 rg BT 156.80 695.10 Td (ed to Fiscal ) Tj ET Q q 0 0 0 rg BT 207.26 695.10 Td (Y) Tj ET Q q 0 0 0 rg BT 213.37 695.10 Td (ear) Tj ET Q q 0 0 0 rg BT 227.07 695.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.57 695.10 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.57 695.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 671.10 Td (For a discussion of our results of operations in fiscal year 2018 compared to fiscalyear 2017, please see Item 7 of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.10 Td (Annual Report on Form10-Kfor the fiscal year ended December 29, 2018 filed with the SEC.) Tj ET Q endstream endobj 87 0 obj <>] /Rotate 0 /Contents 88 0 R>> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 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 50.00 742.25 Td (Liquidity and Capital Resour) Tj ET Q q 0 0 0 rg BT 175.68 742.25 Td (ces) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 721.25 Td (Our cash and cash equivalents balance at the end of fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.17 721.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.17 721.25 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.72 721.25 Td ($200.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.61 721.25 Td (, including $189.7million held by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (foreign subsidiaries outside the U.S., in comparison to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.69 709.25 Td ($403.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.58 709.25 Td ( at the end of fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 709.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 709.25 Td (, including $274.6 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (held by foreign subsidiaries outside the U.S. Historically) Tj ET Q q 0 0 0 rg BT 278.76 697.25 Td (, our business operations have not required substantial cash during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (first several months of our fiscal year) Tj ET Q q 0 0 0 rg BT 198.84 685.25 Td (. Generally) Tj ET Q q 0 0 0 rg BT 242.62 685.25 Td (, starting in the third quarter) Tj ET Q q 0 0 0 rg BT 354.41 685.25 Td (, our cash needs begin to increase, typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.25 Td (reaching a peak in the September) Tj ET Q q 0 0 0 rg BT 182.80 673.25 Td (-November time frame as we increase inventory levels in advance of the holiday season. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (quarterly cash requirements are also impacted by debt repayments, restructuring char) Tj ET Q q 0 0 0 rg BT 389.96 661.25 Td (ges, strategic investments such as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (acquisitions and other capital expenditures. ) Tj ET Q q 0 0 0 rg BT 225.32 649.25 Td (W) Tj ET Q q 0 0 0 rg BT 233.96 649.25 Td (e believe that cash flows from operations combined with existing cash on hand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 Td (and amounts available under our credit facilities will be suf) Tj ET Q q 0 0 0 rg BT 287.24 637.25 Td (ficient to fund our cash needs for the next twelve months.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 616.25 Td (For fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.75 616.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.75 616.25 Td (, we used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.74 616.25 Td ($14.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.64 616.25 Td ( of cash to fund our operations. ) Tj ET Q q 0 0 0 rg BT 373.28 616.25 Td (A) Tj ET Q q 0 0 0 rg BT 379.95 616.25 Td ( net loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.05 616.25 Td ($50.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.95 616.25 Td ( and an increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (working capital items of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.98 604.25 Td ($177.3 million) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 208.87 611.18 93.96 -9.09 re f /GS0 gs q 0 0 0 rg BT 208.87 604.25 Td ( was partially of) Tj ET Q q 0 0 0 rg BT 273.39 604.25 Td (fset by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.83 604.25 Td (net non-cash items of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.14 604.25 Td ($213.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.03 604.25 Td (. Non-cash items primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (consisted of non-cash lease expense of $120.0 million and depreciation, amortization and accretion char) Tj ET Q q 0 0 0 rg BT 466.06 592.25 Td (ges of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.72 592.25 Td ($54.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.61 592.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 571.25 Td (Accounts receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.35 571.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.76 571.25 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.76 571.25 Td (1) Tj ET Q q 0 0 0 rg BT 215.39 571.25 Td (1.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.22 571.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 571.25 Td ($289.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.89 571.25 Td ( at the end of fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.46 571.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.46 571.25 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.16 571.25 Td ($328.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.05 571.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (the end of the prior fiscal year) Tj ET Q q 0 0 0 rg BT 169.95 559.25 Td (. ) Tj ET Q q 0 0 0 rg BT 174.40 559.25 Td (A) Tj ET Q q 0 0 0 rg BT 180.88 559.25 Td (verage days sales outstanding for our wholesale business for fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.85 559.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.85 559.25 Td ( decreased ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 533.26 566.18 15.00 -9.09 re f /GS0 gs q 0 0 0 rg BT 533.26 559.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.26 559.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (days as compared to fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.72 547.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.72 547.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 526.25 Td (Inventory at the end of fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.94 526.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.94 526.25 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.49 526.25 Td ($452.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.38 526.25 Td (, representing an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.25 526.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 526.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.33 526.25 Td (19.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.16 526.25 Td ( from the prior fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (inventory balance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.69 514.25 Td ($377.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.58 514.25 Td ( primarily driven by sales under) Tj ET Q q 0 0 0 rg BT 320.84 514.25 Td (-performance of older generation connected watches in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (fiscal year 2019. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 481.25 Td (At the end of fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.35 481.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.35 481.25 Td (, we had working capital of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.26 481.25 Td ($500.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 481.25 Td ( compared to working capital of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.66 481.25 Td ($652.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.55 481.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (the end of the prior fiscal year) Tj ET Q q 0 0 0 rg BT 169.95 469.25 Td (. ) Tj ET Q q 0 0 0 rg BT 174.40 469.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 224.30 469.25 Td (, at the end of fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.37 469.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.37 469.25 Td (, we had approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.72 469.25 Td ($26.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.62 469.25 Td ( of outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (short-term borrowings and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.15 457.25 Td ($178.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.04 457.25 Td ( in long-term debt.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 436.25 Td (For the fiscal year ending January 2, 2021, we expect total capital expenditures to be approximately $25 million. Of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (amount, we expect approximately 40% will be for retail store expansion and renovation, approximately 30% will be for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (strategic growth, including investments in omni-channel, global concessions and technology) Tj ET Q q 0 0 0 rg BT 418.99 412.25 Td (, and approximately 30% will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (for technology and facilities maintenance. Our capital expenditure budget and allocation of it to the foregoing investments are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (estimates and are subject to change. ) Tj ET Q q 0 0 0 rg BT 195.60 388.25 Td (W) Tj ET Q q 0 0 0 rg BT 204.23 388.25 Td (e believe that cash flows from operations combined with existing cash on hand and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (amounts available under our credit facilities will be suf) Tj ET Q q 0 0 0 rg BT 270.30 376.25 Td (ficient to fund our working capital needs and planned capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (expenditures for the next twelve months.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 343.25 Td (Debt Facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 322.25 Td (On September 26, 2019, we, as the U.S. borrower) Tj ET Q q 0 0 0 rg BT 271.23 322.25 Td (, and certain of our foreign subsidiaries, as the non-U.S. borrowers, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (certain of our other subsidiaries from time to time party thereto designated as borrowers \(collectively the ABL) Tj ET Q q 0 0 0 rg BT 495.60 310.25 Td ( Borrowers\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (and certain of our subsidiaries from time to time party thereto as guarantors, entered into the Revolving Facility with JPMor) Tj ET Q q 0 0 0 rg BT 545.82 298.25 Td (gan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (Chase Bank, N.A. as administrative agent \(the ABL) Tj ET Q q 0 0 0 rg BT 261.80 286.25 Td ( ) Tj ET Q q 0 0 0 rg BT 263.75 286.25 Td (Agent\), J.P) Tj ET Q q 0 0 0 rg BT 311.80 286.25 Td (. Mor) Tj ET Q q 0 0 0 rg BT 333.84 286.25 Td (gan ) Tj ET Q q 0 0 0 rg BT 350.22 286.25 Td (AG, as French collateral agent, JPMor) Tj ET Q q 0 0 0 rg BT 503.61 286.25 Td (gan Chase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (Bank, N.A., Citizens Bank, N.A. and ) Tj ET Q q 0 0 0 rg BT 200.63 274.25 Td (W) Tj ET Q q 0 0 0 rg BT 209.27 274.25 Td (ells Far) Tj ET Q q 0 0 0 rg BT 238.81 274.25 Td (go Bank, National ) Tj ET Q q 0 0 0 rg BT 313.80 274.25 Td (Association as joint bookrunners and joint lead arrangers, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (Citizens Bank, N.A. and ) Tj ET Q q 0 0 0 rg BT 150.08 262.25 Td (W) Tj ET Q q 0 0 0 rg BT 158.72 262.25 Td (ells Far) Tj ET Q q 0 0 0 rg BT 188.26 262.25 Td (go Bank, National ) Tj ET Q q 0 0 0 rg BT 263.25 262.25 Td (Association, as co-syndication agents and each of the lenders from time to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (time party thereto \(the ABL) Tj ET Q q 0 0 0 rg BT 165.70 250.25 Td ( Lenders\). In addition, on September 26, 2019, we, as borrower) Tj ET Q q 0 0 0 rg BT 423.28 250.25 Td (, entered into a term credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (agreement with JPMor) Tj ET Q q 0 0 0 rg BT 140.91 238.25 Td (gan Chase Bank, N.A. as administrative agent \(the T) Tj ET Q q 0 0 0 rg BT 355.43 238.25 Td (erm ) Tj ET Q q 0 0 0 rg BT 372.92 238.25 Td (Agent\), JPMor) Tj ET Q q 0 0 0 rg BT 436.63 238.25 Td (gan Chase Bank, N.A., ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (Citizens Bank, National ) Tj ET Q q 0 0 0 rg BT 147.76 226.25 Td (Association and ) Tj ET Q q 0 0 0 rg BT 214.24 226.25 Td (W) Tj ET Q q 0 0 0 rg BT 222.88 226.25 Td (ells Far) Tj ET Q q 0 0 0 rg BT 252.41 226.25 Td (go Securities, LLC, as joint bookrunners and joint lead arrangers and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (lenders party thereto \(the T) Tj ET Q q 0 0 0 rg BT 162.58 214.25 Td (erm Loan Lenders\), which was amended on February 20, 2020, by that certain ) Tj ET Q q 0 0 0 rg BT 482.48 214.25 Td (Amendment No. 1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.10 202.25 Td (T) Tj ET Q q 0 0 0 rg BT 65.51 202.25 Td (erm Credit ) Tj ET Q q 0 0 0 rg BT 110.50 202.25 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 178.25 Td (Contemporaneously with entering into the Revolving Facility and the ) Tj ET Q q 0 0 0 rg BT 352.55 178.25 Td (T) Tj ET Q q 0 0 0 rg BT 357.96 178.25 Td (erm Loan Facility) Tj ET Q q 0 0 0 rg BT 428.96 178.25 Td (, on September 26, 2019, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (proceeds of the Revolving Facility and the ) Tj ET Q q 0 0 0 rg BT 222.28 166.25 Td (T) Tj ET Q q 0 0 0 rg BT 227.69 166.25 Td (erm Loan Facility were used to pay of) Tj ET Q q 0 0 0 rg BT 379.96 166.25 Td (f in full the $275.8 million in aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (outstanding principal amount of the loans, interest, fees, expenses and other obligations under our Second ) Tj ET Q q 0 0 0 rg BT 474.90 154.25 Td (Amended and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (Restated Credit ) Tj ET Q q 0 0 0 rg BT 113.88 142.25 Td (Agreement, dated as of January 29, 2018 \(the Prior Credit ) Tj ET Q q 0 0 0 rg BT 352.14 142.25 Td (Agreement\). ) Tj ET Q q 0 0 0 rg BT 409.16 142.25 Td (W) Tj ET Q q 0 0 0 rg BT 417.79 142.25 Td (e recorded a loss of $3.0 million in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (other income \(expense\) - net during fiscal 2019 for debt issuance costs associated with the Prior Credit ) Tj ET Q q 0 0 0 rg BT 462.94 130.25 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 106.25 Td (The Revolving Facility provides that the ) Tj ET Q q 0 0 0 rg BT 236.36 106.25 Td (ABL) Tj ET Q q 0 0 0 rg BT 255.99 106.25 Td ( Lenders may extend revolving loans in an aggregate principal amount not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (to exceed $275.0 million at any time outstanding \(the Revolving Credit Commitment\), of which up to $160.0 million is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (available under a U.S. facility) Tj ET Q q 0 0 0 rg BT 168.75 82.25 Td (, an aggregate of $70.0 million is available under a European facility) Tj ET Q q 0 0 0 rg BT 442.72 82.25 Td (, $30.0 million is available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (under a Hong Kong facility) Tj ET Q q 0 0 0 rg BT 159.32 70.25 Td (, $10.0 million will be available under a French facility) Tj ET Q q 0 0 0 rg BT 379.44 70.25 Td (, and $5.0 million is available under a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (Canadian facility) Tj ET Q q 0 0 0 rg BT 117.93 58.25 Td (, in each case, subject to the borrowing base availability limitations described below) Tj ET Q q 0 0 0 rg BT 453.85 58.25 Td (. ) Tj ET Q q 0 0 0 rg BT 461.17 58.25 Td (The Revolving Facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (also includes an up to $45.0 million subfacility for the issuance of letters of credit \(the Letters of Credit\). ) Tj ET Q q 0 0 0 rg BT 483.03 46.25 Td (The Revolving ) Tj ET Q endstream endobj 89 0 obj <>] /Rotate 0 /Contents 90 0 R>> endobj 90 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Facility expires and is due and payable on September 26, 2024, provided that, if on the date that is the 121st day prior to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (final maturity date of any class or tranche of term loans under the ) Tj ET Q q 0 0 0 rg BT 313.89 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 319.30 730.10 Td (erm Credit ) Tj ET Q q 0 0 0 rg BT 364.29 730.10 Td (Agreement, any such term loans are outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (on such date, then the maturity date of the Revolving Facility shall be such date. Unless the maturity of the term loans is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (extended beyond the current maturity date of September 26, 2024, the Revolving Facility will expire and be due and payable on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (May 28, 2024. ) Tj ET Q q 0 0 0 rg BT 113.15 694.10 Td (The French facility includes a $1.0 million subfacility for swingline loans, and the European facility includes a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td ($7.0 million subfacility for swingline loans. ) Tj ET Q q 0 0 0 rg BT 230.08 682.10 Td (The Revolving Facility is subject to a line cap \(the Line Cap\) equal to the lesser ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (of the total Revolving Credit Commitment and the aggregate borrowing bases under the U.S. facility) Tj ET Q q 0 0 0 rg BT 452.04 670.10 Td (, the European facility) Tj ET Q q 0 0 0 rg BT 540.24 670.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Hong Kong facility) Tj ET Q q 0 0 0 rg BT 127.11 658.10 Td (, the French facility and the Canadian facility) Tj ET Q q 0 0 0 rg BT 307.51 658.10 Td (. ) Tj ET Q q 0 0 0 rg BT 314.83 658.10 Td (The loans under the Revolving Facility were used to repay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (the Prior Credit ) Tj ET Q q 0 0 0 rg BT 114.16 646.10 Td (Agreement, as described above, pay transaction expenses and for general corporate purposes. Loans under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Revolving Facility may be made in U.S. dollars, Canadian dollars, euros, Hong Kong dollars or pounds sterling.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 610.10 Td (The Revolving Facility is an asset-based facility) Tj ET Q q 0 0 0 rg BT 264.58 610.10 Td (, in which borrowing availability is subject to a borrowing base equal to: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (\(a\) with respect to us, the sum of \(i\) the lesser of \(x\) 90% of the appraised net orderly liquidation value of eligible U.S. finished ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (goods inventory and \(y\) 65% of the lower of cost or market value of eligible U.S. finished goods inventory) Tj ET Q q 0 0 0 rg BT 477.04 586.10 Td (, plus \(ii\) 85% of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (eligible U.S. accounts receivable, plus \(iii\) 90% of eligible U.S. credit card accounts receivable, minus \(iv\) the aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (amount of reserves, if any) Tj ET Q q 0 0 0 rg BT 153.48 562.10 Td (, established by the ) Tj ET Q q 0 0 0 rg BT 232.08 562.10 Td (ABL) Tj ET Q q 0 0 0 rg BT 251.71 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 253.66 562.10 Td (Agent; \(b\) with respect to each non-U.S. borrower \(except for the French ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Borrower\), the sum of \(i\) the lesser of \(x\) 90% of the appraised net orderly liquidation value of eligible foreign finished goods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (inventory of such non-U.S. borrower and \(y\) 65% of the lower of cost or market value of eligible foreign finished goods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (inventory of such non-U.S. borrower) Tj ET Q q 0 0 0 rg BT 197.35 526.10 Td (, plus \(ii\) 85% of the eligible foreign accounts receivable of such non-U.S. borrower) Tj ET Q q 0 0 0 rg BT 534.07 526.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (minus \(iii\) the aggregate amount of reserves, if any) Tj ET Q q 0 0 0 rg BT 254.00 514.10 Td (, established by the ) Tj ET Q q 0 0 0 rg BT 332.60 514.10 Td (ABL) Tj ET Q q 0 0 0 rg BT 352.23 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.18 514.10 Td (Agent; and \(c\) with respect to the French Borrower) Tj ET Q q 0 0 0 rg BT 558.71 514.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (\(i\) 85% of eligible French accounts receivable minus \(ii\) the aggregate amount of reserves, if any) Tj ET Q q 0 0 0 rg BT 438.65 502.10 Td (, established by the ) Tj ET Q q 0 0 0 rg BT 517.25 502.10 Td (ABL) Tj ET Q q 0 0 0 rg BT 536.88 502.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Agent. Not more than 60% of the aggregate borrowing base under the Revolving Facility may consist of the non-U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (borrowing bases.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 454.10 Td (Eurodollar loans under the U.S. facility will bear interest at the adjusted LIBO rate plus the applicable rate, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Eurodollar loans under the Canadian facility) Tj ET Q q 0 0 0 rg BT 226.79 442.10 Td (, European facility) Tj ET Q q 0 0 0 rg BT 300.28 442.10 Td (, French facility and Hong Kong facility will bear interest at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (LIBO rate plus the applicable rate. Base rate loans under the U.S. facility will bear interest at the alternate base rate plus the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (applicable rate. Under the Canadian facility) Tj ET Q q 0 0 0 rg BT 226.22 418.10 Td (, Canadian prime rate loans will bear interest at the Canadian prime rate plus the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (applicable rate, and Canadian dollar loans will bear interest at the CDOR rate plus the applicable rate. Under the Hong Kong ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (facility) Tj ET Q q 0 0 0 rg BT 77.67 394.10 Td (, Hong Kong dollar loans will bear interest at the HIBOR rate plus the applicable rate. Each swingline loan shall bear ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (interest at the overnight LIBO rate plus the applicable rate for overnight LIBO rate loans. ) Tj ET Q q 0 0 0 rg BT 412.20 382.10 Td (The applicable rate varies from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (1.25% to 1.75% for adjusted LIBO, CDOR and HIBOR rate loans and from 0.25% to 0.75% for alternate base rate and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Canadian prime rate loans depending on our average daily excess availability under the Revolving Facility for the most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (recently ended fiscal quarter) Tj ET Q q 0 0 0 rg BT 163.15 346.10 Td (, which is an amount equal to \(x\)\(1\) the lesser of the total revolving commitments then in ef) Tj ET Q q 0 0 0 rg BT 530.10 346.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (and \(2\) the aggregate borrowing base, minus \(y\) the total credit exposure of all ) Tj ET Q q 0 0 0 rg BT 366.84 334.10 Td (ABL) Tj ET Q q 0 0 0 rg BT 386.47 334.10 Td ( Lenders at such time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 310.10 Td (The Revolving Facility also includes a commitment fee, payable quarterly in arrears, of 0.250% or 0.375% determined by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (reference to the average daily unused portion of the overall commitment under the Revolving Facility) Tj ET Q q 0 0 0 rg BT 455.88 298.10 Td (. ) Tj ET Q q 0 0 0 rg BT 463.20 298.10 Td (The ) Tj ET Q q 0 0 0 rg BT 480.70 298.10 Td (ABL) Tj ET Q q 0 0 0 rg BT 500.33 298.10 Td ( Borrowers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (will pay the ) Tj ET Q q 0 0 0 rg BT 99.16 286.10 Td (ABL) Tj ET Q q 0 0 0 rg BT 118.79 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.74 286.10 Td (Agent, on the account of the issuing ) Tj ET Q q 0 0 0 rg BT 266.82 286.10 Td (ABL) Tj ET Q q 0 0 0 rg BT 286.45 286.10 Td ( Lenders, an issuance fee of 0.125% for any issued letters of credit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 262.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.00 262.10 Td (ABL) Tj ET Q q 0 0 0 rg BT 109.62 262.10 Td ( Borrowers are permitted to voluntarily prepay the revolving loans, in whole or in part, without premium or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (penalty) Tj ET Q q 0 0 0 rg BT 78.78 250.10 Td (. ) Tj ET Q q 0 0 0 rg BT 86.10 250.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.60 250.10 Td (ABL) Tj ET Q q 0 0 0 rg BT 123.23 250.10 Td ( Borrowers may reduce the commitments at any time, in whole or in part, without premium or penalty) Tj ET Q q 0 0 0 rg BT 530.53 250.10 Td (, in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (minimum aggregate principal amount of not less than $5.0 million or increments of $1.0 million in excess thereof. If the total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (amount of outstanding revolving loans and Letters of Credit exceeds the total commitment under the Revolving Facility) Tj ET Q q 0 0 0 rg BT 528.69 226.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (ABL) Tj ET Q q 0 0 0 rg BT 69.63 214.10 Td ( Borrowers must prepay the revolving loans in an amount equal to such excess.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 190.10 Td (During any periods \(each, a Covenant Period\) while availability under the Revolving Facility is less than the greater of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (\(x\) 15% of the Line Cap and \(y\) $30.0 million, we will be subject to a financial covenant which requires us to not permit the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (fixed char) Tj ET Q q 0 0 0 rg BT 90.07 166.10 Td (ge coverage ratio to be less than 1.00 to 1.00 on the first day of such Covenant Period or the last day of each fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (quarter during such Covenant Period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 130.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.00 130.10 Td (ABL) Tj ET Q q 0 0 0 rg BT 109.62 130.10 Td ( Borrowers have the right to request an increase to the commitments under the Revolving Facility or any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (subfacility in an aggregate principal amount not to exceed $75.0 million in increments no less than $10.0 million, subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (certain terms and conditions as defined in the Revolving Facility) Tj ET Q q 0 0 0 rg BT 307.90 106.10 Td (, including that the ) Tj ET Q q 0 0 0 rg BT 385.21 106.10 Td (T) Tj ET Q q 0 0 0 rg BT 390.62 106.10 Td (erm Loan Facility has been amended, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (restated or otherwise modified to permit any additional commitments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 70.10 Td (The Revolving Facility is secured by guarantees by us and certain of our domestic subsidiaries. ) Tj ET Q q 0 0 0 rg BT 457.69 70.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 507.59 70.10 Td (, we and our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (subsidiaries have granted liens on all or substantially all of our assets in order to secure the obligations under the Revolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (Facility) Tj ET Q q 0 0 0 rg BT 79.90 46.10 Td (. In addition, the non-U.S. borrowers from time to time party to the Revolving Facility are required to enter into ) Tj ET Q endstream endobj 91 0 obj <>] /Rotate 0 /Contents 92 0 R>> endobj 92 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (security instruments with respect to all or substantially all of their assets that can be pledged under applicable local law) Tj ET Q q 0 0 0 rg BT 525.60 742.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (certain of their respective subsidiaries may guarantee the respective non-U.S. obligations under the Revolving Facility) Tj ET Q q 0 0 0 rg BT 522.54 730.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 706.10 Td (The Revolving Facility contains customary af) Tj ET Q q 0 0 0 rg BT 255.33 706.10 Td (firmative and negative covenants and events of default, such as compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (with annual audited and quarterly unaudited financial statements disclosures. Upon an event of default, the ) Tj ET Q q 0 0 0 rg BT 479.04 694.10 Td (ABL) Tj ET Q q 0 0 0 rg BT 498.67 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 500.62 694.10 Td (Agent will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (have the right to declare the revolving loans and other obligations outstanding immediately due and payable and all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (commitments immediately terminated or reduced, subject to cure periods and grace periods set forth in the Revolving Facility) Tj ET Q q 0 0 0 rg BT 552.54 670.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 646.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.37 646.10 Td (T) Tj ET Q q 0 0 0 rg BT 95.78 646.10 Td (erm Loan Facility provides for term loans to us in the aggregate principal amount of $200 million. Proceeds from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.54 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 69.95 634.10 Td (erm Loan Facility were reduced by a $12.0 million original issue discount, which is presented as a reduction of the ) Tj ET Q q 0 0 0 rg BT 531.31 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 536.72 634.10 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Loan Facility on the Company's consolidated balance sheet and is being amortized to interest expense over the life of the term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (loan. ) Tj ET Q q 0 0 0 rg BT 72.04 610.10 Td (The term loans under the ) Tj ET Q q 0 0 0 rg BT 174.32 610.10 Td (T) Tj ET Q q 0 0 0 rg BT 179.73 610.10 Td (erm Loan Facility bore interest at \(a\) the adjusted LIBO rate plus6.50%for Eurodollar loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (or \(b\) the alternate base rate plus5.50%for alternate base rate loans as of December 28, 2019. In connection with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (amendment entered into on February 20, 2020, the term loans under the ) Tj ET Q q 0 0 0 rg BT 339.18 586.10 Td (T) Tj ET Q q 0 0 0 rg BT 344.59 586.10 Td (erm Loan Facility bear interest at \(a\) the adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (LIBO rate plus 8.00% for Eurodollar loans or \(b\) the alternate base rate plus 7.00% for alternate base rate loans. ) Tj ET Q q 0 0 0 rg BT 502.99 574.10 Td (The ) Tj ET Q q 0 0 0 rg BT 520.85 574.10 Td (T) Tj ET Q q 0 0 0 rg BT 526.26 574.10 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Loan Facility amortizes in quarterly installments in an aggregate amount equal \(x\) to 2.50% of its original principal amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (until September 30, 2021 and, thereafter) Tj ET Q q 0 0 0 rg BT 210.94 550.10 Td (, \(y\) to 3.75% of its original principal amount until June 30, 2024. ) Tj ET Q q 0 0 0 rg BT 479.61 550.10 Td (The ) Tj ET Q q 0 0 0 rg BT 497.48 550.10 Td (T) Tj ET Q q 0 0 0 rg BT 502.89 550.10 Td (erm Loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Facility expires and is due and payable on September 26, 2024, subject to possible extensions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 514.10 Td (e are permitted to voluntarily prepay the term loans, in whole or in part, without premium or penalty; provided, that if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (we voluntarily prepay the term loans prior to February 20, 2022 or if we incur certain indebtedness which results in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (mandatory prepayment under the ) Tj ET Q q 0 0 0 rg BT 184.77 490.10 Td (T) Tj ET Q q 0 0 0 rg BT 190.18 490.10 Td (erm Loan Facility prior to February 20, 2022, we are required to pay a prepayment fee of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (2.00% with respect to the principal amount prepaid prior to February 20, 2021 and 1.00% with respect to the principal amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (prepaid between February 21, 2021 and February 20, 2022. ) Tj ET Q q 0 0 0 rg BT 292.26 466.10 Td (The foregoing prepayment premiums are also payable upon an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (acceleration of the ) Tj ET Q q 0 0 0 rg BT 126.16 454.10 Td (T) Tj ET Q q 0 0 0 rg BT 131.57 454.10 Td (erm Loan Facility during these periods as well. ) Tj ET Q q 0 0 0 rg BT 324.68 454.10 Td (The ) Tj ET Q q 0 0 0 rg BT 342.54 454.10 Td (T) Tj ET Q q 0 0 0 rg BT 347.95 454.10 Td (erm Loan Facility will be required to be prepaid with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (the net cash proceeds of certain asset sales, insurance and condemnation events, debt and equity issuances, cash dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (received from certain of our subsidiaries and an annual excess cash flow sweep.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 406.10 Td (In connection with the amendment entered into on February 20, 2020, the maximum total leverage ratio was revised to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (increase the maximum total leverage ratio permitted under the covenant from 1.50 to 1.00 as of December 28, 2019 to \(i\) 2.75 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (to 1.00 as of the last day of each fiscal quarter ending ) Tj ET Q q 0 0 0 rg BT 265.76 382.10 Td (April 4, 2020, July 4, 2020, October 3, 2020 and January 2, 2021, \(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (2.25 to 1.00 as of the last day of each fiscal quarter ending ) Tj ET Q q 0 0 0 rg BT 285.76 370.10 Td (April 3, 2021, July 3, 2021 and October 2, 2021, and \(iii\) 1.50 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (1.00 as of the last day of each subsequent fiscal quarter) Tj ET Q q 0 0 0 rg BT 270.21 358.10 Td (. ) Tj ET Q q 0 0 0 rg BT 277.52 358.10 Td (The ) Tj ET Q q 0 0 0 rg BT 295.39 358.10 Td (T) Tj ET Q q 0 0 0 rg BT 300.80 358.10 Td (erm Loan Facility also limits the Revolving Credit Commitment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (under the Revolving Facility to the lesser of the borrowing base or $200.0 million. ) Tj ET Q q 0 0 0 rg BT 384.11 346.10 Td (A) Tj ET Q q 0 0 0 rg BT 390.78 346.10 Td ( payment default under the Revolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Facility triggers a cross default under the ) Tj ET Q q 0 0 0 rg BT 216.16 334.10 Td (T) Tj ET Q q 0 0 0 rg BT 221.57 334.10 Td (erm Loan Facility) Tj ET Q q 0 0 0 rg BT 292.56 334.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 310.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.37 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 95.78 310.10 Td (erm Loan Facility is secured by guarantees by us and certain of our domestic subsidiaries. ) Tj ET Q q 0 0 0 rg BT 462.34 310.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 512.25 310.10 Td (, we and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (such subsidiaries have granted liens on all or substantially all of their assets in order to secure the obligations under the ) Tj ET Q q 0 0 0 rg BT 528.31 298.10 Td (T) Tj ET Q q 0 0 0 rg BT 533.72 298.10 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Loan Facility) Tj ET Q q 0 0 0 rg BT 102.95 286.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 262.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.37 262.10 Td (T) Tj ET Q q 0 0 0 rg BT 95.78 262.10 Td (erm Loan Facility contains customary af) Tj ET Q q 0 0 0 rg BT 257.49 262.10 Td (firmative and negative covenants and events of default such as compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (with annual audited and quarterly unaudited financial statements disclosures. Upon an event of default, the ) Tj ET Q q 0 0 0 rg BT 479.41 250.10 Td (T) Tj ET Q q 0 0 0 rg BT 484.82 250.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 502.31 250.10 Td (Agent will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (have the right to declare the term loans and other obligations outstanding immediately due and payable and all commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (immediately terminated or reduced, subject to cure periods and grace periods set forth in the ) Tj ET Q q 0 0 0 rg BT 421.35 226.10 Td (T) Tj ET Q q 0 0 0 rg BT 426.76 226.10 Td (erm Loan Facility) Tj ET Q q 0 0 0 rg BT 497.76 226.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 202.10 Td (The obligations under the Revolving Facility and the ) Tj ET Q q 0 0 0 rg BT 286.17 202.10 Td (T) Tj ET Q q 0 0 0 rg BT 291.58 202.10 Td (erm Loan Facility are governed by a customary intercreditor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (agreement \(the Intercreditor ) Tj ET Q q 0 0 0 rg BT 168.54 190.10 Td (Agreement\). ) Tj ET Q q 0 0 0 rg BT 225.56 190.10 Td (The Intercreditor ) Tj ET Q q 0 0 0 rg BT 295.52 190.10 Td (Agreement specifies that \(i\) the ) Tj ET Q q 0 0 0 rg BT 423.90 190.10 Td (T) Tj ET Q q 0 0 0 rg BT 429.31 190.10 Td (erm Loan Facility is secured by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (\(a\) a perfected first priority security interest in U.S. fixed assets and \(b\) a perfected second priority security interest in the U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (liquid assets and accounts receivable, and \(ii\) the Revolving Facility is secured by \(a\) a perfected first priority security interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (in the U.S. liquid assets and accounts receivable and \(b\) a perfected second priority security interest in U.S. fixed assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 130.10 Td (During fiscal year 2019, we had net payments of $200.0 million under the ) Tj ET Q q 0 0 0 rg BT 370.86 130.10 Td (T) Tj ET Q q 0 0 0 rg BT 376.27 130.10 Td (erm Loan Facility and the term loan under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (Prior Credit ) Tj ET Q q 0 0 0 rg BT 99.44 118.10 Td (Agreement at an average annual interest rate of 9.9%. ) Tj ET Q q 0 0 0 rg BT 318.79 118.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 368.69 118.10 Td (, we had net borrowings of $28.0 million under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (the Revolving Facility and revolving credit loans under the Prior ) Tj ET Q q 0 0 0 rg BT 310.50 106.10 Td (Agreement during fiscal year 2019 at an average interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (of 2.4%. ) Tj ET Q q 0 0 0 rg BT 86.11 94.10 Td (As of December28, 2019, we had $200.0 million outstanding under the ) Tj ET Q q 0 0 0 rg BT 375.60 94.10 Td (T) Tj ET Q q 0 0 0 rg BT 381.01 94.10 Td (erm Loan Facility and $28.0 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (outstanding under the Revolving Facility) Tj ET Q q 0 0 0 rg BT 213.22 82.10 Td (. ) Tj ET Q q 0 0 0 rg BT 217.67 82.10 Td (As of December28, 2019, we had unamortized debt issuance costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.70 82.10 Td ($14.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.59 82.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (and an unamortized original issue discount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.68 70.10 Td ($1) Tj ET Q q 0 0 0 rg BT 244.31 70.10 Td (1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.20 70.10 Td (, which reduce the corresponding debt liability) Tj ET Q q 0 0 0 rg BT 473.88 70.10 Td (. In addition, we had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td ($2.7million of outstanding standby Letters of Credit at December28, 2019. ) Tj ET Q q 0 0 0 rg BT 356.33 58.10 Td (Amounts available under the Revolving Facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (are reduced by any amounts outstanding under standby Letters of Credit. ) Tj ET Q q 0 0 0 rg BT 343.26 46.10 Td (As of December28, 2019, we had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.38 46.10 Td ($120.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.27 46.10 Td ( ) Tj ET Q endstream endobj 93 0 obj <>] /Rotate 0 /Contents 94 0 R>> endobj 94 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (available for borrowing under the Revolving Facility) Tj ET Q q 0 0 0 rg BT 260.96 742.10 Td (. Borrowings under the Revolving Facility were mainly used to fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (normal operating expenses, capital expenditures, and refinancing activities. ) Tj ET Q q 0 0 0 rg BT 352.95 730.10 Td (At December28, 2019, we were in compliance with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (all debt covenants related to all our credit facilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (Contractual Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 652.10 Td (The following table identifies our contractual obligations as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.43 652.10 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.02 652.10 Td ( \(in thousands\):) Tj ET Q 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 620.60 171.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 221.50 620.60 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 286.50 620.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 290.50 620.60 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 355.50 620.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 359.50 620.60 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 424.50 620.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 428.50 620.60 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 493.50 620.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 497.50 620.60 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 590.60 171.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 221.50 590.60 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 286.50 590.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 290.50 590.60 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 355.50 590.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 359.50 590.60 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 424.50 590.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 428.50 590.60 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 493.50 590.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 497.50 590.60 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 560.60 171.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 221.50 560.60 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 286.50 560.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 290.50 560.60 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 355.50 560.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 359.50 560.60 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 424.50 560.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 428.50 560.60 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 493.50 560.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 497.50 560.60 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 530.60 171.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 221.50 530.60 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 286.50 530.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 290.50 530.60 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 355.50 530.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 359.50 530.60 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 424.50 530.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 428.50 530.60 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 493.50 530.60 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 497.50 530.60 65.00 -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 221.5 620.6 m 286.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 620.6 m 355.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 620.6 m 424.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 620.6 m 493.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 620.6 m 562.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 620.6 m 286.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 620.6 m 355.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 620.6 m 424.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 620.6 m 493.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 620.6 m 562.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 515.6 m 286.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 515.6 m 355.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 515.6 m 424.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 515.6 m 493.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 515.6 m 562.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 515.6 m 286.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 501.6 m 286.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 499.6 m 286.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 515.6 m 355.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 501.6 m 355.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 499.6 m 355.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 515.6 m 424.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 501.6 m 424.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 499.6 m 424.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 515.6 m 493.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 501.6 m 493.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 499.6 m 493.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 515.6 m 562.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 501.6 m 562.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 499.6 m 562.5 499.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 625.28 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.75 624.83 Td (T) Tj ET Q q 0 0 0 rg BT 249.72 624.83 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.15 632.83 Td (Less than) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.70 624.83 Td (1 ) Tj ET Q q 0 0 0 rg BT 317.55 624.83 Td (Y) Tj ET Q q 0 0 0 rg BT 322.74 624.83 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.75 624.83 Td (1-3 ) Tj ET Q q 0 0 0 rg BT 390.27 624.83 Td (Y) Tj ET Q q 0 0 0 rg BT 395.45 624.83 Td (ears) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.75 624.83 Td (3-5 ) Tj ET Q q 0 0 0 rg BT 459.12 624.83 Td (Y) Tj ET Q q 0 0 0 rg BT 464.01 624.83 Td (ears) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.45 632.83 Td (Mor) Tj ET Q q 0 0 0 rg BT 526.41 632.83 Td (e than) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.05 624.83 Td (5 ) Tj ET Q q 0 0 0 rg BT 522.75 624.83 Td (Y) Tj ET Q q 0 0 0 rg BT 527.64 624.83 Td (ears) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 610.27 Td (Debt obligations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 121.88 614.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 610.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 610.27 Td (228,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 610.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 610.27 Td (25,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 610.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 610.27 Td (52,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 610.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 610.27 Td (150,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 610.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 610.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 595.27 Td (Interest payments on debt ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 158.53 599.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 595.27 Td (57,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 595.27 Td (16,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 595.27 Td (26,904) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 595.27 Td (13,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 595.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 580.27 Td (Minimum royalty payments ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 167.16 584.80 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 580.27 Td (233,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 580.27 Td (133,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 580.27 Td (37,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 580.27 Td (38,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 580.27 Td (24,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 565.27 Td (Finance lease obligations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 156.58 569.80 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 565.27 Td (2,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 565.27 Td (1,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 565.27 Td (1,466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 565.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 565.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 550.27 Td (Operating lease obligations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 164.91 554.80 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 550.27 Td (556,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 550.27 Td (1) Tj ET Q q 0 0 0 rg BT 324.15 550.27 Td (16,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 550.27 Td (176,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 550.27 Td (1) Tj ET Q q 0 0 0 rg BT 462.15 550.27 Td (10,428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 550.27 Td (153,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 535.27 Td (Purchase obligations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 138.54 539.80 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 535.27 Td (333,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 535.27 Td (319,043) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 535.27 Td (1) Tj ET Q q 0 0 0 rg BT 398.15 535.27 Td (1,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 535.27 Td (3,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 535.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 520.27 Td (Uncertain tax positions ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 148.26 524.80 Td (\(6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 520.27 Td (1) Tj ET Q q 0 0 0 rg BT 260.15 520.27 Td (1,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 520.27 Td (1) Tj ET Q q 0 0 0 rg BT 329.15 520.27 Td (1,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 520.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 520.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 520.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 505.27 Td (T) Tj ET Q q 0 0 0 rg BT 64.41 505.27 Td (otal contractual obligations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 175.77 509.80 Td (\(7\) \(8\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 505.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 505.27 Td (1,423,883) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 505.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 505.27 Td (623,339) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 505.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 505.27 Td (306,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 505.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 505.27 Td (316,498) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 505.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 505.27 Td (178,006) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 491.50 Td (____________________________________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.50 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 479.50 Td (Consists of borrowings, excluding contractual interest payments, unamortized debt issuance costs of $14.5 million and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 467.50 Td (original issue discount of $1) Tj ET Q q 0 0 0 rg BT 180.95 467.50 Td (1.2 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.50 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 446.50 Td (Consists of estimated interest payments under the ) Tj ET Q q 0 0 0 rg BT 268.62 446.50 Td (T) Tj ET Q q 0 0 0 rg BT 274.03 446.50 Td (erm Loan and Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 433.62 446.50 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.50 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 425.50 Td (Consists primarily of minimum royalty commitments under exclusive licenses to manufacture watches and jewelry under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 413.50 Td (trademarks not owned by us. However) Tj ET Q q 0 0 0 rg BT 222.00 413.50 Td (, these minimum royalty commitments do not include amounts owed pursuant to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 401.50 Td (various license and design service agreements under which we are obligated to pay the licensors a percentage of our net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 389.50 Td (sales of these licensed products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 368.50 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 368.50 Td (Payments shown include interest.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.50 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 347.50 Td (Consists primarily of open non-cancelable purchase orders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.50 Td (\(6\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 326.50 Td (Management has only included its current ) Tj ET Q q 0 0 0 rg BT 237.96 326.50 Td (ASC 740 liability in the table above. Long-term amounts of $24.2million have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 314.50 Td (been excluded because the payment timing cannot be reasonably estimated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.50 Td (\(7\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 293.50 Td (Pension obligations of $18.3 millionand deferred compensation liabilities of $4.6 million have been excluded because the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 281.50 Td (payment timing cannot be reasonably estimated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.50 Td (\(8\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 260.50 Td (The contingent consideration liability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.57 260.50 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.46 260.50 Td ( related to Fossil ) Tj ET Q q 0 0 0 rg BT 348.79 260.50 Td (Accessories South ) Tj ET Q q 0 0 0 rg BT 424.34 260.50 Td (Africa Pty) Tj ET Q q 0 0 0 rg BT 465.07 260.50 Td (. Ltd. has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 248.50 Td (excluded because the payment timing cannot be reasonably estimated. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 227.50 Td (Off Balance Sheet ) Tj ET Q q 0 0 0 rg BT 128.60 227.50 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 206.50 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 206.50 Td (e are the guarantor for a 3.0 million Swiss franc credit facility agreement entered into by Swiss ) Tj ET Q q 0 0 0 rg BT 464.56 206.50 Td (T) Tj ET Q q 0 0 0 rg BT 469.97 206.50 Td (echnology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.50 Td (Components Ltd. \("STC"\), our equity method investee. ) Tj ET Q q 0 0 0 rg BT 273.51 194.50 Td (W) Tj ET Q q 0 0 0 rg BT 282.15 194.50 Td (e are obligated to pay up to 3.3 million Swiss francs in the event of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.50 Td (default by STC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 161.50 Td (There are no other of) Tj ET Q q 0 0 0 rg BT 158.22 161.50 Td (f balance sheet arrangements other than those disclosed in Note 14Commitments and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.50 Td (Contingencies to our consolidated financial statements set forth in PartII, Item8 of this ) Tj ET Q q 0 0 0 rg BT 402.70 149.50 Td (Annual Report on Form10-K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 128.50 Td (Inflation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 107.50 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 107.50 Td (e do not believe thatinflationhas had a material ef) Tj ET Q q 0 0 0 rg BT 283.66 107.50 Td (fect on our results for fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 107.50 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 107.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 107.50 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 107.50 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.33 107.50 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.33 107.50 Td (; however) Tj ET Q q 0 0 0 rg BT 537.63 107.50 Td (, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.50 Td (business could be af) Tj ET Q q 0 0 0 rg BT 130.63 95.50 Td (fected by inflation in the future.) Tj ET Q endstream endobj 95 0 obj <>] /Rotate 0 /Contents 96 0 R>> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (44) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Selected Quarterly Consolidated Financial Data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 721.25 Td (The table below sets forth selected quarterly consolidated financial information. ) Tj ET Q q 0 0 0 rg BT 396.21 721.25 Td (The information is derived from our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (unaudited consolidated financial statements and includes all normal and recurring adjustments that management considers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (necessary for a fair statement of results for such periods. ) Tj ET Q q 0 0 0 rg BT 278.35 697.25 Td (The operating results for any quarter are not necessarily indicative of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (results for any future period. Certain line items presented in the tables below) Tj ET Q q 0 0 0 rg BT 355.65 685.25 Td (, when aggregated, may not agree with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.25 Td (corresponding line items on our consolidated statements of income \(loss\) and comprehensive income \(loss\) for fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 661.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.44 661.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 661.25 Td ( due to rounding \(in thousands, except percentage and per share data\).) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 640.75 190.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 640.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 640.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 640.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 640.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 640.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 640.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 640.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 610.75 190.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 610.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 610.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 610.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 610.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 610.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 610.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 610.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 570.75 190.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 570.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 570.75 15.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 570.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 570.75 15.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 570.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 570.75 15.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 570.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 530.75 190.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 530.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 530.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 530.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 530.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 530.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 530.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 530.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 500.75 190.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 500.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 500.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 500.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 500.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 500.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 500.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 500.75 65.00 -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 240.5 640.75 m 305.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 640.75 m 385.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 640.75 m 465.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 640.75 m 545.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 640.75 m 305.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 640.75 m 385.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 640.75 m 465.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 640.75 m 545.5 640.75 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 53 642.030078125 m 108.546875 642.030078125 l s q 0 0 0 rg BT 53.00 643.28 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 74.70 643.28 Td (Y) Tj ET Q q 0 0 0 rg BT 79.59 643.28 Td (ear) Tj ET Q q 0 0 0 rg BT 90.55 643.28 Td ( 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.45 642.88 Td (1stQtr) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.90 642.88 Td (2ndQtr) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.35 642.88 Td (3rdQtr) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.75 642.88 Td (4thQtr) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 630.42 Td (Net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 630.42 Td (465,268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.00 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 630.42 Td (501,393) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 630.42 Td (539,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 630.42 Td (71) Tj ET Q q 0 0 0 rg BT 514.15 630.42 Td (1,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 615.42 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 615.42 Td (247,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 615.42 Td (265,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 615.42 Td (278,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 615.42 Td (307,862) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 600.42 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.80 600.42 Td (\(1) Tj ET Q q 0 0 0 rg BT 274.13 600.42 Td (1,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 600.42 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 308.00 605.58 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.80 600.47 Td (\(6,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 600.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.80 600.47 Td (\(24,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 600.42 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 468.00 605.58 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.80 600.47 Td (\(6,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 600.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 585.42 Td (Net income \(loss\) attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 575.42 Td (noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.65 575.42 Td (480) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 575.42 Td (702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.65 575.42 Td (997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.65 575.42 Td (174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 560.42 Td (Net income \(loss\) attributable to Fossil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 550.42 Td (Group, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 550.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.80 550.42 Td (\(12,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 550.42 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 308.00 555.58 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.00 550.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.80 550.47 Td (\(7,31) Tj ET Q q 0 0 0 rg BT 371.63 550.47 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 550.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 550.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.80 550.47 Td (\(25,935) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 550.42 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 468.00 555.58 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 550.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.80 550.47 Td (\(6,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 550.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 535.42 Td (Earnings \(loss\) per share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.00 535.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 535.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.00 535.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.00 535.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 520.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 520.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.80 520.42 Td (\(0.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 520.42 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 308.00 525.58 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.00 520.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.80 520.47 Td (\(0.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 520.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 520.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.80 520.47 Td (\(0.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 520.42 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 468.00 525.58 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 520.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.80 520.47 Td (\(0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 520.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 505.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 505.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.80 505.42 Td (\(0.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 505.42 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 308.00 510.58 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.00 505.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.80 505.47 Td (\(0.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 505.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 505.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.80 505.47 Td (\(0.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 505.42 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 468.00 510.58 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 505.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.80 505.47 Td (\(0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 505.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 490.42 Td (Gross profit as a percentage of net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.15 490.42 Td (53.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 490.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 490.42 Td (52.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 490.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 490.42 Td (51.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 490.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 490.42 Td (43.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 490.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 456.75 190.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 456.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 456.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 456.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 456.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 456.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 456.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 456.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 426.75 190.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 426.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 426.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 426.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 426.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 426.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 426.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 426.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 386.75 190.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 386.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 386.75 15.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 386.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 386.75 15.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 386.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 386.75 15.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 386.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 346.75 190.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 346.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 346.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 346.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 346.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 346.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 346.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 346.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 316.75 190.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 316.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 316.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 316.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 316.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 316.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 316.75 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 316.75 65.00 -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 240.5 456.75 m 305.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 456.75 m 385.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 456.75 m 465.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 456.75 m 545.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 456.75 m 305.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 456.75 m 385.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 456.75 m 465.5 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 456.75 m 545.5 456.75 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 53 458.030078125 m 108.546875 458.030078125 l s q 0 0 0 rg BT 53.00 459.28 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 74.70 459.28 Td (Y) Tj ET Q q 0 0 0 rg BT 79.59 459.28 Td (ear) Tj ET Q q 0 0 0 rg BT 90.55 459.28 Td ( 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.45 458.88 Td (1stQtr) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.90 458.88 Td (2ndQtr) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.35 458.88 Td (3rdQtr) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.75 458.88 Td (4thQtr) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 446.42 Td (Net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 446.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 446.42 Td (569,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.00 446.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 446.42 Td (576,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 446.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 446.42 Td (608,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 446.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 446.42 Td (786,922) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 431.42 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 431.42 Td (287,691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 431.42 Td (309,009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 431.42 Td (326,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 431.42 Td (416,904) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 416.42 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.80 416.42 Td (\(47,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 416.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.80 416.47 Td (\(7,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 416.42 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 388.00 421.58 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 416.42 Td (5,922) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 416.42 Td (47,882) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 401.42 Td (Net income \(loss\) attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 391.42 Td (noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.65 391.42 Td (768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 391.42 Td (563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.65 391.42 Td (916) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.65 391.42 Td (293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 376.42 Td (Net income \(loss\) attributable to Fossil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 366.42 Td (Group, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 366.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.80 366.42 Td (\(48,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 366.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.00 366.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.80 366.47 Td (\(7,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 366.42 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 388.00 371.58 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 366.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 366.42 Td (5,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 366.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.15 366.42 Td (47,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 351.42 Td (Earnings \(loss\) per share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.00 351.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 351.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.00 351.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.00 351.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 336.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 336.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.80 336.42 Td (\(0.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 336.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.00 336.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.80 336.47 Td (\(0.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 336.42 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 388.00 341.58 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 336.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 336.42 Td (0.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 336.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 336.42 Td (0.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 321.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 321.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.80 321.42 Td (\(0.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 321.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.00 321.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.80 321.47 Td (\(0.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 321.42 Td (\)) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 388.00 326.58 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 321.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 321.42 Td (0.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 321.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 321.42 Td (0.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 306.42 Td (Gross profit as a percentage of net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.15 306.42 Td (50.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 306.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 306.42 Td (53.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 306.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 306.42 Td (53.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 306.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 306.42 Td (53.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 306.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.25 Td (_______________________________________________) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 50.00 275.27 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.36 271.65 Td (Included a $21.6 million gain, excluding taxes, on the sale of our intellectual property to Google, Inc. ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 50.00 265.67 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 56.06 262.05 Td ( Included a $16.6 million impairment char) Tj ET Q q 0 0 0 rg BT 191.21 262.05 Td (ge, excluding taxes, related to our Skagen trade name.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 50.00 256.08 Td (\(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 56.06 252.45 Td ( Included a $6.2 million impairment char) Tj ET Q q 0 0 0 rg BT 187.21 252.45 Td (ge, excluding taxes, related to our Skagen trade name. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 230.85 Td (While the majority of our products are not seasonal in nature, a significant portion of our net sales and operating income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.85 Td (is generally derived in the second half of the fiscal year) Tj ET Q q 0 0 0 rg BT 271.03 218.85 Td (. Our third and fourth quarters, which include the "back to school" and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.85 Td (holiday seasons, have historically generated a significant portion of our annual operating income. Connected products appear ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.85 Td (to be more seasonal than traditional products which may further impact our operational performance in the third and fourth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.85 Td (quarters as compared to the first half of the year) Tj ET Q q 0 0 0 rg BT 241.31 182.85 Td (. ) Tj ET Q q 0 0 0 rg BT 248.63 182.85 Td (The amount of net sales and operating income generated during the first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.85 Td (quarter is af) Tj ET Q q 0 0 0 rg BT 97.57 170.85 Td (fected by the levels of inventory held by retailers at the end of the holiday season, as well as general economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.85 Td (conditions and other factors beyond our control. In general, lower levels of inventory held by retailers at the end of the holiday ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.85 Td (season may have a positive impact on our net sales and operating income in the first quarter of the following fiscal year as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.85 Td (result of higher levels of restocking orders placed by retailers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 113.85 Td (As we expand our e-commerce business and improve productivity in our retail store base, sales from the direct to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.85 Td (consumer distribution channel may increase as a percentage of the total sales mix. Based upon the historical seasonality of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.85 Td (direct to consumer sales, we believe this expansion could result in higher levels of profitability in the fourth quarter and lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.85 Td (levels of profitability in the first and second quarters when, due to seasonality) Tj ET Q q 0 0 0 rg BT 360.10 77.85 Td (, it is more dif) Tj ET Q q 0 0 0 rg BT 416.30 77.85 Td (ficult to leverage retail store four ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.85 Td (wall operating costs and back of) Tj ET Q q 0 0 0 rg BT 178.95 65.85 Td (fice expenses against a lower level of sales productivity) Tj ET Q q 0 0 0 rg BT 401.00 65.85 Td (. In addition, new product launches ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 53.85 Td (would generally augment the sales and operating expense levels in the quarter the product launch takes place. ) Tj ET Q q 0 0 0 rg BT 490.21 53.85 Td (The results of ) Tj ET Q endstream endobj 97 0 obj <>] /Rotate 0 /Contents 98 0 R>> endobj 98 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (operations for a particular quarter may also vary due to a number of factors, including retail, economic and monetary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (conditions, timing of orders or holidays, the timing of investments and the mix of products sold by us. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (Item7A.Quantitative and Qualitative Disclosur) Tj ET Q q 0 0 0 rg BT 262.31 709.10 Td (es about Market Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (For) Tj ET Q q 0 0 0 rg BT 65.37 688.10 Td (eign Curr) Tj ET Q q 0 0 0 rg BT 107.12 688.10 Td (ency Exchange Rate Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 667.10 Td (As a multinational enterprise, we are exposed to changes in foreign currency exchange rates. Our most significant foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (currency risk relates to the euro and, to a lesser extent, ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 270.19 655.10 Td (the ) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 284.36 655.10 Td (Australian dollar) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 351.44 655.10 Td (, British pound, Canadian dollar) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 479.35 655.10 Td (, Chinese yuan, ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 50.00 643.10 Td (Danish krone, Hong Kong dollar) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 180.97 643.10 Td (, Indian rupee, Japanese yen, South Korean won, Malaysian ringgit, Mexican peso, Norwegian ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 50.00 631.10 Td (kroner) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 75.70 631.10 Td (, Singapore dollar) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 146.67 631.10 Td (, Swedish krona, Swiss franc and ) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 281.47 631.10 Td (T) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 286.88 631.10 Td (aiwanese dollar) Tj ET Q q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 348.80 631.10 Td (. Due to our dependence on manufacturing ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 50.00 619.10 Td (operations in China, changes in the value of the Chinese yuan may have a material impact on our supply channels and ) Tj ET Q BT /F1 10.00 Tf ET q 0.13333333333333333 0.13333333333333333 0.13333333333333333 rg BT 50.00 607.10 Td (manufacturing costs, including component and assembly costs. D) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 311.89 607.10 Td (ue to our vertical nature whereby a significant portion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (goods are sourced from our owned entities, we also have foreign currency risk relating to the settlement of intercompany ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td (inventory transactions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 562.10 Td (e employ a variety of operating practices to manage these market risks relative to foreign currency exchange rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (changes and, where deemed appropriate, utilize forward contracts. ) Tj ET Q q 0 0 0 rg BT 317.75 550.10 Td (These operating practices include, among others, our ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (to convert foreign currency into U.S. dollars at spot rates and to maintain U.S. dollar pricing relative to sales of our products to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (certain distributors located outside the U.S. ) Tj ET Q q 0 0 0 rg BT 225.34 526.10 Td (The use of forward contracts allows us to of) Tj ET Q q 0 0 0 rg BT 401.22 526.10 Td (fset exposure to rate fluctuations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (because the gains or losses incurred on the derivative instruments will of) Tj ET Q q 0 0 0 rg BT 340.58 514.10 Td (fset, in whole or in part, losses or gains on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (underlying foreign currency exposure. ) Tj ET Q q 0 0 0 rg BT 205.60 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 214.23 502.10 Td (e use derivative instruments only for risk management purposes and do not use them ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (for speculation or for trading. ) Tj ET Q q 0 0 0 rg BT 170.34 490.10 Td (There were no significant changes in how we managed foreign currency transactional exposure in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.86 478.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.86 478.10 Td ( and management does not anticipate any significant changes in such exposures or in the strategies we employ ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (to manage such exposure in the near future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 445.10 Td (The following table shows our outstanding forward contracts designated as cash flow hedges for intercompany inventory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (transactions \(in millions\) at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.20 433.10 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.79 433.10 Td ( and their expiration dates.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 396.60 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 396.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 396.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 396.60 157.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 396.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 396.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 396.60 96.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 381.60 156.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 259.50 381.60 157.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 366.60 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 366.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 366.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 366.60 157.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 366.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 366.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 366.60 96.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 351.60 156.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 259.50 351.60 157.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 336.60 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 336.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 336.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 336.60 157.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 336.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 336.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 336.60 96.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 321.60 156.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 259.50 321.60 157.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 306.60 156.00 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562.5 396.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 396.6 m 255.5 396.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 396.6 m 462.5 396.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 396.6 m 562.5 396.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 116.65 413.83 Td (Functional Curr) Tj ET Q q 0 0 0 rg BT 172.80 413.83 Td (ency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.80 413.83 Td (Contract Curr) Tj ET Q q 0 0 0 rg BT 377.71 413.83 Td (ency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.00 413.83 Td () Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 53 399.580078125 m 69.7421875 399.580078125 l s q 0 0 0 rg BT 53.00 400.83 Td (T) Tj ET Q q 0 0 0 rg BT 58.04 400.83 Td (ype) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.45 400.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 262 399.580078125 m 278.7421875 399.580078125 l s q 0 0 0 rg BT 262.00 400.83 Td (T) Tj ET Q q 0 0 0 rg BT 266.74 400.83 Td (ype) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.95 400.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.90 400.83 Td (Expiring ) Tj ET Q q 0 0 0 rg BT 514.99 400.83 Td (Thr) Tj ET Q q 0 0 0 rg BT 528.18 400.83 Td (ough) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 386.27 Td (Euro) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.15 386.27 Td (106.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.00 386.27 Td (U.S. dollar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 386.27 Td (122.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 386.27 Td (March 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 371.27 Td (Canadian dollar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.15 371.27 Td (41.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.00 371.27 Td (U.S. dollar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 371.27 Td (31.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 371.27 Td (March 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 356.27 Td (British pound) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.15 356.27 Td (13.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.00 356.27 Td (U.S. dollar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 356.27 Td (17.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 356.27 Td (March 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 341.27 Td (Japanese yen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.60 341.27 Td (1,320.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.00 341.27 Td (U.S. dollar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 341.27 Td (12.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 341.27 Td (March 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 326.27 Td (Mexican peso) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.15 326.27 Td (167.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.00 326.27 Td (U.S. dollar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 326.27 Td (8.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 326.27 Td (June 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 311.27 Td (Australian dollar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.15 311.27 Td (6.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.00 311.27 Td (U.S. dollar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 311.27 Td (4.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 311.27 Td (June 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 296.27 Td (U.S. Dollar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.15 296.27 Td (18.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.00 296.27 Td (Japanese ) Tj ET Q q 0 0 0 rg BT 299.85 296.27 Td (Y) Tj ET Q q 0 0 0 rg BT 306.39 296.27 Td (en) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.60 296.27 Td (1,985.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 296.27 Td (March 2021) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 271.10 Td (If we were to settle our euro, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.23 271.10 Td (Canadian dollar) Tj ET Q q 0 0 0 rg BT 253.42 271.10 Td (, British pound, Japanese yen, Mexican peso, ) Tj ET Q q 0 0 0 rg BT 435.88 271.10 Td (Australian dollar and U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (dollar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.33 259.10 Td ( based forward contracts hedging intercompany inventory transactions as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.78 259.10 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.37 259.10 Td (, the net result would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (have been a net gain of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.21 247.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.11 247.10 Td (, net of taxes. ) Tj ET Q q 0 0 0 rg BT 309.65 247.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.09 247.10 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.68 247.10 Td (, a 10% unfavorable change in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (U.S. dollar strengthening against foreign currencies to which we have balance sheet transactional exposures would have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (decreased net pre-tax income by $23.3million. ) Tj ET Q q 0 0 0 rg BT 240.59 223.10 Td (The translation of the balance sheets of our foreign-based operations from their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (local currencies into U.S. dollars is also sensitive to changes in foreign currency exchange rates. ) Tj ET Q q 0 0 0 rg BT 436.54 211.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.99 211.10 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.57 211.10 Td (, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (10% unfavorable change in the exchange rate of the U.S. dollar strengthening against the foreign currencies to which we have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (exposure would have reduced consolidated stockholders' equity by approximately $54.6million.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 71.48 166.10 Td (est Rate Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 145.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 145.10 Td (e are subject to interest rate volatility with regard to debt borrowings. Based on our variable-rate debt outstanding as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 133.10 Td (, a 100 basis point increase in interest rates would increase annual interest expense by approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.23 133.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td ($2.0million.) Tj ET Q endstream endobj 99 0 obj <>] /Rotate 0 /Contents 100 0 R>> endobj 100 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (46) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item8.Consolidated Financial Statements and Supplementary Data) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (REPOR) Tj ET Q q 0 0 0 rg BT 84.65 709.25 Td (T) Tj ET Q q 0 0 0 rg BT 91.14 709.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 107.15 709.25 Td ( INDEPENDENT) Tj ET Q q 0 0 0 rg BT 182.26 709.25 Td ( REGISTERED PUBLIC ) Tj ET Q q 0 0 0 rg BT 292.57 709.25 Td (ACCOUNTING FIRM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.18 709.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 689.25 Td (o the stockholders and the Board of Directors of Fossil Group, Inc. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 669.25 Td (Opinion on the Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.13 669.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 649.25 Td (e have audited the accompanying consolidated balance sheets of Fossil Group, Inc. and subsidiaries \(the "Company"\) as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 Td (December 28, 2019 and December 29, 2018, and the related consolidated statements of income \(loss\) and comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (income \(loss\), stockholders' equity) Tj ET Q q 0 0 0 rg BT 188.35 625.25 Td (, and cash flows for each of the three years in the period ended December 28, 2019, and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (related notes and the schedule listed in the Index at Item 15 \(collectively referred to as the "financial statements"\). In our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td (opinion, the financial statements present fairly) Tj ET Q q 0 0 0 rg BT 234.85 601.25 Td (, in all material respects, the financial position of the Company as of December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.25 Td (28, 2019 and December 29, 2018, and the results of its operations and its cash flows for each of the three years in the period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.25 Td (ended December 28, 2019, in conformity with accounting principles generally accepted in the United States of ) Tj ET Q q 0 0 0 rg BT 494.31 577.25 Td (America.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 557.25 Td (e have also audited, in accordance with the standards of the Public Company ) Tj ET Q q 0 0 0 rg BT 367.44 557.25 Td (Accounting Oversight Board \(United States\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 545.25 Td (\(PCAOB\), the Company's internal control over financial reporting as of December 28, 2019, based on criteria established in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 533.25 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 107.69 533.25 Td (ol - Integrated Framework \(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.77 533.25 Td ( issued by the Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 417.19 533.25 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 490.60 533.25 Td (T) Tj ET Q q 0 0 0 rg BT 496.35 533.25 Td (readway ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.25 Td (Commission and our report dated February 27, 2020, expressed an unqualified opinion on the Company's internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.25 Td (financial reporting. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 489.25 Td (Change in ) Tj ET Q q 0 0 0 rg BT 95.57 489.25 Td (Accounting Principle) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (As discussed in Note 13 to the financial statements, ef) Tj ET Q q 0 0 0 rg BT 266.44 469.25 Td (fective December 30, 2018, the Company adopted F) Tj ET Q q 0 0 0 rg BT 474.80 469.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 496.20 469.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 517.97 469.25 Td (T) Tj ET Q q 0 0 0 rg BT 523.38 469.25 Td (opic 842, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.22 457.25 Td (, using the modified retrospective approach. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 437.25 Td (Basis for) Tj ET Q q 0 0 0 rg BT 87.32 437.25 Td ( Opinion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.84 437.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.25 Td (These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.25 Td (the Company's financial statements based on our audits. ) Tj ET Q q 0 0 0 rg BT 276.29 405.25 Td (W) Tj ET Q q 0 0 0 rg BT 284.93 405.25 Td (e are a public accounting firm registered with the PCAOB and are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.25 Td (required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.25 Td (rules and regulations of the Securities and Exchange Commission and the PCAOB.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 361.25 Td (e conducted our audits in accordance with the standards of the PCAOB. ) Tj ET Q q 0 0 0 rg BT 348.10 361.25 Td (Those standards require that we plan and perform the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.25 Td (presentation of the financial statements. ) Tj ET Q q 0 0 0 rg BT 211.43 289.25 Td (W) Tj ET Q q 0 0 0 rg BT 220.07 289.25 Td (e believe that our audits provide a reasonable basis for our opinion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.25 Td (/s/ Deloitte & ) Tj ET Q q 0 0 0 rg BT 106.76 257.25 Td (T) Tj ET Q q 0 0 0 rg BT 112.17 257.25 Td (ouche LLP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.25 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 80.37 233.25 Td (T) Tj ET Q q 0 0 0 rg BT 85.78 233.25 Td (exas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.25 Td (February 27, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 197.25 Td (e have served as the Company's auditor since 1988.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.40 721.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 279.22 721.25 Td (TED BALANCE SHEETS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.15 700.25 Td (IN ) Tj ET Q q 0 0 0 rg BT 281.58 700.25 Td (THOUSANDS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 659.75 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 659.75 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 659.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 659.75 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 633.75 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 633.75 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 633.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 633.75 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 607.75 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 607.75 65.00 -13.00 re 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8.00 Tf ET q 0 0 0 rg BT 506.25 671.98 Td (December) Tj ET Q q 0 0 0 rg BT 540.75 671.98 Td ( 29,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 663.98 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 650.98 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 638.00 Td (Current assets:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 625.00 Td (Cash and cash equivalents) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 625.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 625.00 Td (200,218) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.00 625.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 625.00 Td (403,373) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 612.00 Td (Accounts receivable-net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 612.00 Td (289,744) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 612.00 Td (328,022) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 599.00 Td (Inventories) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 599.00 Td (452,278) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 599.00 Td (377,622) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 586.00 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 586.00 Td (1) Tj ET Q q 0 0 0 rg BT 468.30 586.00 Td (17,218) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 586.00 Td (149,552) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.00 573.00 Td (T) Tj ET Q q 0 0 0 rg BT 75.61 573.00 Td (otal current assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 573.00 Td (1,059,458) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 573.00 Td (1,258,569) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 560.00 Td (Property) Tj ET Q q 0 0 0 rg BT 80.29 560.00 Td (, plant and equipment-net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 560.00 Td (151,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 560.00 Td (183,203) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 547.00 Td (Operating lease right-of-use assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 547.00 Td (288,166) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.30 547.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 534.00 Td (Intangible and other assets-net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 534.00 Td (105,608) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 534.00 Td (133,426) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.00 521.00 Td (T) Tj ET Q q 0 0 0 rg BT 75.61 521.00 Td (otal long-term assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 521.00 Td (545,274) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 521.00 Td (316,629) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 508.00 Td (T) Tj ET Q q 0 0 0 rg BT 63.61 508.00 Td (otal assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 508.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 508.00 Td (1,604,732) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.00 508.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 508.00 Td (1,575,198) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 494.98 Td 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8.00 Tf ET q 0 0 0 rg BT 59.00 417.00 Td (Compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 417.00 Td (51,573) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.30 417.00 Td (76,467) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 404.00 Td (Royalties) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 404.00 Td (28,427) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.30 404.00 Td (30,582) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 391.00 Td (Customer liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 391.00 Td (80,803) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.30 391.00 Td (71,252) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 378.00 Td (T) Tj ET Q q 0 0 0 rg BT 63.75 378.00 Td (ransaction taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 378.00 Td (25,683) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.30 378.00 Td (32,438) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 365.00 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 365.00 Td (76,209) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.30 365.00 Td (70,614) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 352.00 Td (Income taxes payable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 352.00 Td (29,228) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.30 352.00 Td (28,462) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.00 339.00 Td (T) Tj ET Q q 0 0 0 rg BT 75.61 339.00 Td (otal current liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 339.00 Td (559,180) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 339.00 Td (605,803) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 326.00 Td (Long-term income taxes payable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 326.00 Td (31,284) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.30 326.00 Td (28,1) Tj ET Q q 0 0 0 rg BT 551.30 326.00 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 313.00 Td (Deferred income tax liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 313.00 Td (2,097) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 313.00 Td (2,439) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 300.00 Td (Long-term debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 300.00 Td (178,796) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 300.00 Td (269,788) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 287.00 Td (Long-term operating lease liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 287.00 Td (288,689) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.30 287.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 274.00 Td (Other long-term liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 274.00 Td (40,845) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.30 274.00 Td (80,427) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.00 261.00 Td (T) Tj ET Q q 0 0 0 rg BT 75.33 261.00 Td (otal long-term liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 261.00 Td (541,71) Tj ET Q q 0 0 0 rg BT 486.30 261.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 261.00 Td (380,764) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 248.00 Td (Commitments and contingencies \(Note14\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 235.00 Td (Stockholders' equity:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 222.00 Td (Common stock, 50,516 and 49,518 shares issued and outstanding at December 28, 2019 and December29, 2018, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 214.00 Td (respectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 214.00 Td (505) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.30 214.00 Td (495) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 201.00 Td (Additional paid-in capital) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 201.00 Td (283,371) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 201.00 Td (268,1) Tj ET Q q 0 0 0 rg BT 551.30 201.00 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 188.00 Td (Retained earnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 188.00 Td (299,793) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 188.00 Td (381,626) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 175.00 Td (Accumulated other comprehensive income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.60 175.00 Td (\(80,615) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 175.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.60 175.00 Td (\(64,691) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 175.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 162.00 Td (T) Tj ET Q q 0 0 0 rg BT 63.61 162.00 Td (otal Fossil Group,Inc. stockholders' equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 162.00 Td (503,054) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 162.00 Td (585,543) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 149.00 Td (Noncontrolling interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 149.00 Td (787) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 149.00 Td (3,088) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 136.00 Td (T) Tj ET Q q 0 0 0 rg BT 63.61 136.00 Td (otal stockholders' equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 136.00 Td (503,841) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 136.00 Td (588,631) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 123.00 Td (T) Tj ET Q q 0 0 0 rg BT 63.33 123.00 Td (otal liabilities and stockholders' equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 123.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 123.00 Td (1,604,732) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.00 123.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 123.00 Td (1,575,198) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.60 98.25 Td (See notes to the consolidated financial statements.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.85 721.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 145.67 721.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 180.22 721.25 Td (A) Tj ET Q q 0 0 0 rg BT 186.70 721.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 251.62 721.25 Td ( INCOME \(LOSS\) ) Tj ET Q q 0 0 0 rg BT 333.02 721.25 Td (AND COMPREHENSIVE INCOME \(LOSS\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.30 700.25 Td (IN ) Tj ET Q q 0 0 0 rg BT 214.73 700.25 Td (THOUSANDS, EXCEPT) Tj ET Q q 0 0 0 rg BT 322.35 700.25 Td ( PER SHARE DA) Tj ET Q q 0 0 0 rg BT 398.00 700.25 Td (T) Tj ET Q q 0 0 0 rg BT 403.93 700.25 Td (A) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 667.75 309.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 667.75 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 667.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 667.75 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 667.75 4.00 -13.00 re f /GS0 gs 0.8 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460.75 m 424.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 458.75 m 424.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 472.75 m 492.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 460.75 m 492.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 458.75 m 492.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 472.75 m 561.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 460.75 m 561.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 458.75 m 561.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 407.75 m 424.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 407.75 m 492.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 407.75 m 561.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 394.75 m 424.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 394.75 m 492.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 394.75 m 561.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 368.75 m 424.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 356.75 m 424.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 354.75 m 424.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 368.75 m 492.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 356.75 m 492.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 354.75 m 492.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 368.75 m 561.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 356.75 m 561.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 354.75 m 561.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 330.75 m 424.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 328.75 m 424.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 330.75 m 492.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 328.75 m 492.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 330.75 m 561.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 328.75 m 561.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 317.75 m 424.5 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 315.75 m 424.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 317.75 m 492.5 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 315.75 m 492.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 317.75 m 561.5 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 315.75 m 561.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 291.75 m 424.5 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 289.75 m 424.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 291.75 m 492.5 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 289.75 m 492.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 291.75 m 561.5 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 289.75 m 561.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 278.75 m 424.5 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 276.75 m 424.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 278.75 m 492.5 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 276.75 m 492.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 278.75 m 561.5 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 276.75 m 561.5 276.75 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 53 670.730078125 m 90.619140625 670.730078125 l s q 0 0 0 rg BT 53.00 671.98 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 74.70 671.98 Td (Y) Tj ET Q q 0 0 0 rg BT 79.59 671.98 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 671.98 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 671.98 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 671.98 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 659.00 Td (Net sales) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 659.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 659.00 Td (2,217,712) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 659.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.25 659.00 Td (2,541,488) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 659.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 659.00 Td (2,788,163) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 646.00 Td (Cost of sales) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 646.00 Td (1,1) Tj ET Q q 0 0 0 rg BT 399.30 646.00 Td (18,274) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.25 646.00 Td (1,201,351) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 646.00 Td (1,429,324) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 633.00 Td (Gross profit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 633.00 Td (1,099,438) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.25 633.00 Td (1,340,137) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 633.00 Td (1,358,839) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 620.00 Td (Operating expenses:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 607.00 Td (Selling, general and administrative expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 607.00 Td (1,081,572) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.25 607.00 Td (1,224,584) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 607.00 Td (1,327,816) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 594.00 Td ( Goodwill and trade name impairments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 594.00 Td (16,613) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.30 594.00 Td (6,212) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 594.00 Td (407,128) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 581.00 Td (Restructuring char) Tj ET Q q 0 0 0 rg BT 118.24 581.00 Td (ges) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 581.00 Td (29,636) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 581.00 Td (46,630) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 581.00 Td (48,171) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 568.00 Td (T) Tj ET Q q 0 0 0 rg BT 57.61 568.00 Td (otal operating expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 568.00 Td (1,127,821) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.25 568.00 Td (1,277,426) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 568.00 Td (1,783,1) Tj ET Q q 0 0 0 rg BT 550.30 568.00 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 555.00 Td (Operating income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 555.00 Td (\(28,383) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 555.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 555.00 Td (62,71) Tj ET Q q 0 0 0 rg BT 485.30 555.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 555.00 Td (\(424,276) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 555.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 542.00 Td (Interest expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 542.00 Td (29,932) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 542.00 Td (42,503) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 542.00 Td (43,214) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 529.00 Td (Other income \(expense\) - net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 529.00 Td (26,984) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.60 529.00 Td (\(38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 529.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 529.00 Td (13,736) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 516.00 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 516.00 Td (\(31,331) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 516.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 516.00 Td (20,170) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 516.00 Td (\(453,754) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 516.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 503.00 Td (Provision for income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 503.00 Td (18,681) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 503.00 Td (21,108) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 503.00 Td (19,805) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 490.00 Td (Net income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 490.00 Td (\(50,012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 490.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.60 490.00 Td (\(938) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 490.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 490.00 Td (\(473,559) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 490.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 477.00 Td (Less: Net income attributable to noncontrolling interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.30 477.00 Td (2,353) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.30 477.00 Td (2,540) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 477.00 Td (4,613) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 464.00 Td (Net income \(loss\) attributable to Fossil Group,Inc.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 464.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 464.00 Td (\(52,365) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 464.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 464.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 464.00 Td (\(3,478) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 464.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 464.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 464.00 Td (\(478,172) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 464.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 451.00 Td (Other comprehensive income \(loss\), net of taxes:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 451.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.00 451.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.00 451.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 438.00 Td (Currency translation adjustment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 438.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.60 438.00 Td (\(5,606) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 438.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 438.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 438.00 Td (\(10,369) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 438.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 438.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 438.00 Td (37,368) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 425.00 Td (Cash flow hedges - net change) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.60 425.00 Td (\(5,599) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 425.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 425.00 Td (20,673) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 425.00 Td (\(20,448) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 425.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 412.00 Td (Pension plan activity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.60 412.00 Td (\(4,719) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 412.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.30 412.00 Td (3,267) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 412.00 Td (2,235) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 399.00 Td (T) Tj ET Q q 0 0 0 rg BT 57.61 399.00 Td (otal other comprehensive income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 399.00 Td (\(15,924) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 399.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 399.00 Td (13,571) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 399.00 Td (19,155) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 386.00 Td (T) Tj ET Q q 0 0 0 rg BT 57.61 386.00 Td (otal comprehensive income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 386.00 Td (\(65,936) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 386.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 386.00 Td (12,633) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 386.00 Td (\(454,404) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 386.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 373.00 Td (Less: Comprehensive income attributable to noncontrolling interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.30 373.00 Td (2,353) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.30 373.00 Td (2,540) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 373.00 Td (4,613) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 360.00 Td (Comprehensive income \(loss\) attributable to Fossil Group,Inc.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 360.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 360.00 Td (\(68,289) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 360.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 360.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 360.00 Td (10,093) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 360.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 360.00 Td (\(459,017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 360.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 347.00 Td (Earnings \(loss\) per share:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 347.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.00 347.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.00 347.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 334.00 Td (Basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 334.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.60 334.00 Td (\(1.04) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 334.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 334.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.60 334.00 Td (\(0.07) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 334.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 334.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.60 334.00 Td (\(9.87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 334.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 321.00 Td (Diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 321.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.60 321.00 Td (\(1.04) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 321.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 321.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.60 321.00 Td (\(0.07) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 321.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 321.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.60 321.00 Td (\(9.87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 321.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 308.00 Td (W) Tj ET Q q 0 0 0 rg BT 59.91 308.00 Td (eighted average common shares outstanding:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 308.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.00 308.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.00 308.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 295.00 Td (Basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 295.00 Td (50,230) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 295.00 Td (49,196) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 295.00 Td (48,468) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 282.00 Td (Diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 282.00 Td (50,230) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 282.00 Td (49,196) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 282.00 Td (48,468) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.60 257.25 Td (See notes to the consolidated financial statements.) Tj ET Q endstream endobj 105 0 obj <>] /Rotate 0 /Contents 106 0 R>> endobj 106 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (49) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 742.25 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 742.25 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 742.25 Td (,INC.) 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259.5 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 518.75 m 259.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 516.75 m 259.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 534.75 m 297.5 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 518.75 m 297.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 516.75 m 297.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 534.75 m 331.5 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 518.75 m 331.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 516.75 m 331.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 534.75 m 369.5 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 518.75 m 369.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 516.75 m 369.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 534.75 m 420.5 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 518.75 m 420.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 516.75 m 420.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 534.75 m 467.5 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 518.75 m 467.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 516.75 m 467.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 534.75 m 516.5 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 518.75 m 516.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 516.75 m 516.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 534.75 m 562.5 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 518.75 m 562.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 516.75 m 562.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 516.75 m 233.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 518.75 m 233.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 516.75 m 259.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 518.75 m 259.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 516.75 m 297.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 518.75 m 297.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 516.75 m 331.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 518.75 m 331.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 516.75 m 369.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 518.75 m 369.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 516.75 m 420.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 518.75 m 420.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 516.75 m 467.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 518.75 m 467.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 516.75 m 516.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 518.75 m 516.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 516.75 m 562.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 518.75 m 562.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 412.75 m 233.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 396.75 m 233.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 394.75 m 233.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 412.75 m 259.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 396.75 m 259.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 394.75 m 259.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 412.75 m 297.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 396.75 m 297.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 394.75 m 297.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 412.75 m 331.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 396.75 m 331.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 394.75 m 331.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 412.75 m 369.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 396.75 m 369.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 394.75 m 369.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 412.75 m 420.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 396.75 m 420.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 394.75 m 420.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 412.75 m 467.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 396.75 m 467.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 394.75 m 467.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 412.75 m 516.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 396.75 m 516.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 394.75 m 516.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 412.75 m 562.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 396.75 m 562.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 394.75 m 562.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 290.75 m 233.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 274.75 m 233.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 272.75 m 233.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 290.75 m 259.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 274.75 m 259.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 272.75 m 259.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 290.75 m 297.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 274.75 m 297.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 272.75 m 297.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 290.75 m 331.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 274.75 m 331.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 272.75 m 331.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 290.75 m 369.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 274.75 m 369.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 272.75 m 369.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 290.75 m 420.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 274.75 m 420.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 272.75 m 420.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 290.75 m 467.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 274.75 m 467.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 272.75 m 467.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 290.75 m 516.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 274.75 m 516.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 272.75 m 516.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 290.75 m 562.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 274.75 m 562.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 272.75 m 562.5 272.75 l s BT /F2 6.00 Tf ET q 0 0 0 rg BT 53.00 649.59 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 214.20 674.19 Td (Common Stock) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 266.30 661.59 Td (Additional) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 270.65 655.59 Td (Paid-in) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 270.45 649.59 Td (Capital) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 304.40 655.59 Td (T) Tj ET Q q 0 0 0 rg BT 307.96 655.59 Td (r) Tj ET Q q 0 0 0 rg BT 310.51 655.59 Td (easury) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 308.80 649.59 Td (Stock) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 340.50 655.59 Td (Retained) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 340.30 649.59 Td (Earnings) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 379.50 673.59 Td (Accumulated) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 388.85 667.59 Td (Other) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 376.55 661.59 Td (Compr) Tj ET Q q 0 0 0 rg BT 394.77 661.59 Td (ehensive) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 387.00 655.59 Td (Income) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 388.65 649.59 Td (\(Loss\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 427.95 673.59 Td (Stockholders') Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 436.80 667.59 Td (Equity) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 429.50 661.59 Td (Attributable) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.90 655.59 Td (to Fossil) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 430.60 649.59 Td (Gr) Tj ET Q q 0 0 0 rg BT 437.82 649.59 Td (oup,Inc.) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 474.20 655.59 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 498.48 655.59 Td (olling) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 483.55 649.59 Td (Inter) Tj ET Q q 0 0 0 rg BT 496.49 649.59 Td (est) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 534.40 661.59 Td (T) Tj ET Q q 0 0 0 rg BT 538.13 661.59 Td (otal) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 523.45 655.59 Td (Stockholders') Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 532.30 649.59 Td (Equity) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 212.35 649.59 Td (Shar) Tj ET Q q 0 0 0 rg BT 224.58 649.59 Td (es) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 243.35 655.59 Td (Par) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 240.75 649.59 Td (V) Tj ET Q q 0 0 0 rg BT 244.53 649.59 Td (alue) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 632.59 Td (Balance, December 31, 2016) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 214.50 632.59 Td (48,269) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 240.00 632.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 248.00 632.59 Td (483) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 266.00 632.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 275.50 632.59 Td (213,352) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 304.00 632.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 632.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 338.00 632.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 347.50 632.59 Td (887,825) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 376.00 632.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 399.50 632.59 Td (\(95,424) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 418.00 632.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 427.00 632.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 441.00 632.59 Td (1,006,236) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 474.00 632.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 500.50 632.59 Td (9,202) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 523.00 632.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 536.00 632.59 Td (1,015,438) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 621.59 Td (Common stock issued upon exercise of stock options and stock ) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 615.59 Td (appreciation rights) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 222.00 615.59 Td (467) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 254.00 615.59 Td (4) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 290.00 615.59 Td (\(4) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 295.00 615.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 615.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 615.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 615.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 459.00 615.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 508.00 615.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 554.00 615.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 604.59 Td (Acquisition of common stock) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 604.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 604.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 286.00 604.59 Td (126) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 313.50 604.59 Td (\(1,344) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 329.00 604.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 604.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 604.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 449.50 604.59 Td (\(1,218) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 465.00 604.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 508.00 604.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 544.50 604.59 Td (\(1,218) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 560.00 604.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 593.59 Td (Retirement of common stock) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 223.00 593.59 Td (\(93) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 231.00 593.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 252.00 593.59 Td (\(1) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 257.00 593.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 279.50 593.59 Td (\(1,343) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 295.00 593.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 315.50 593.59 Td (1,344) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 593.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 593.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 459.00 593.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 508.00 593.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 554.00 593.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 582.59 Td (Stock-based compensation) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 582.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 582.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 278.50 582.59 Td (31,604) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 582.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 582.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 582.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 448.50 582.59 Td (31,604) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 508.00 582.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 543.50 582.59 Td (31,604) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 571.59 Td (Net income \(loss\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 571.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 571.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 289.00 571.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 571.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 345.50 571.59 Td (\(478,172) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 367.00 571.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 571.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 443.50 571.59 Td (\(478,172) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 465.00 571.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 500.50 571.59 Td (4,613) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 538.50 571.59 Td (\(473,559) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 560.00 571.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 560.59 Td (Other comprehensive income \(loss\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 560.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 560.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 289.00 560.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 560.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 560.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 401.50 560.59 Td (19,155) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 448.50 560.59 Td (19,155) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 508.00 560.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 543.50 560.59 Td (19,155) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 549.59 Td (Purchase of noncontrolling interest shares) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 549.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 549.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 279.50 549.59 Td (\(1,472) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 295.00 549.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 549.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 549.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 549.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 449.50 549.59 Td (\(1,472) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 465.00 549.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 498.50 549.59 Td (\(4,979) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 514.00 549.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 544.50 549.59 Td (\(6,451) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 560.00 549.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 538.59 Td (Distribution of noncontrolling interest earnings and other) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 538.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 538.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 289.00 538.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 538.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 538.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 538.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 459.00 538.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 498.50 538.59 Td (\(4,022) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 514.00 538.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 544.50 538.59 Td (\(4,022) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 560.00 538.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 521.59 Td (Balance, December 30, 2017) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 214.50 521.59 Td (48,643) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 240.00 521.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 248.00 521.59 Td (486) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 266.00 521.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 275.50 521.59 Td (242,263) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 304.00 521.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 521.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 338.00 521.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 347.50 521.59 Td (409,653) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 376.00 521.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 399.50 521.59 Td (\(76,269) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 418.00 521.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 427.00 521.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 445.50 521.59 Td (576,133) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 474.00 521.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 500.50 521.59 Td (4,814) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 523.00 521.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 540.50 521.59 Td (580,947) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 510.59 Td (Common stock issued upon exercise of stock options and stock ) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 504.59 Td (appreciation rights and restricted stock units) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 217.50 504.59 Td (1,055) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 504.59 Td (1) Tj ET Q q 0 0 0 rg BT 254.00 504.59 Td (1) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 286.00 504.59 Td (287) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 504.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 504.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 504.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 456.00 504.59 Td (298) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 508.00 504.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 551.00 504.59 Td (298) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 493.59 Td (Acquisition of common stock) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 493.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 493.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 289.00 493.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 313.50 493.59 Td (\(2,856) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 329.00 493.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 493.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 493.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 449.50 493.59 Td (\(2,856) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 465.00 493.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 508.00 493.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 544.50 493.59 Td (\(2,856) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 560.00 493.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 482.59 Td (Retirement of common stock) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 220.00 482.59 Td (\(180) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 231.00 482.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 252.00 482.59 Td (\(2) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 257.00 482.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 279.50 482.59 Td (\(2,854) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 295.00 482.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 315.50 482.59 Td (2,856) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 482.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 482.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 459.00 482.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 508.00 482.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 554.00 482.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 471.59 Td (Stock-based compensation) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 471.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 471.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 278.50 471.59 Td (28,376) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 471.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 471.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 471.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 448.50 471.59 Td (28,376) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 508.00 471.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 543.50 471.59 Td (28,376) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 460.59 Td (Net income \(loss\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 460.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 460.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 289.00 460.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 460.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 351.50 460.59 Td (\(3,478) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 367.00 460.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 460.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 449.50 460.59 Td (\(3,478) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 465.00 460.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 500.50 460.59 Td (2,540) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 549.00 460.59 Td (\(938) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 560.00 460.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 449.59 Td (Other comprehensive income \(loss\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 449.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 449.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 289.00 449.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 449.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 449.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 401.50 449.59 Td (13,571) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 448.50 449.59 Td (13,571) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 508.00 449.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 543.50 449.59 Td (13,571) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 438.59 Td (Distribution of noncontrolling interest earnings and other) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 438.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 438.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 289.00 438.59 Td (41) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 438.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 438.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 438.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 459.00 438.59 Td (41) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 498.50 438.59 Td (\(4,266) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 514.00 438.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 544.50 438.59 Td (\(4,225) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 560.00 438.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 427.59 Td (Adoption of ) Tj ET Q q 0 0 0 rg BT 83.33 427.59 Td (Accounting Standards Update \("ASU"\) 2014-09) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 427.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 427.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 289.00 427.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 427.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 348.50 427.59 Td (\(26,542) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 367.00 427.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 427.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 446.50 427.59 Td (\(26,542) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 465.00 427.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 508.00 427.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 541.50 427.59 Td (\(26,542) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 560.00 427.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 416.59 Td (Adoption of ) Tj ET Q q 0 0 0 rg BT 83.33 416.59 Td (ASU 2018-02) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 416.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 416.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 289.00 416.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 416.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 353.50 416.59 Td (1,993) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 402.50 416.59 Td (\(1,993) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 418.00 416.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 459.00 416.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 508.00 416.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 554.00 416.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 399.59 Td (Balance, December 29, 2018) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 214.50 399.59 Td (49,518) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 240.00 399.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 248.00 399.59 Td (495) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 266.00 399.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 275.50 399.59 Td (268,1) Tj ET Q q 0 0 0 rg BT 289.00 399.59 Td (13) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 304.00 399.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 399.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 338.00 399.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 347.50 399.59 Td (381,626) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 376.00 399.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 399.50 399.59 Td (\(64,691) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 418.00 399.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 427.00 399.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 445.50 399.59 Td (585,543) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 474.00 399.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 500.50 399.59 Td (3,088) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 523.00 399.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 540.50 399.59 Td (588,631) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 388.59 Td (Common stock issued upon exercise of stock options and stock ) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 382.59 Td (appreciation rights and restricted stock units) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 217.50 382.59 Td (1,302) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 382.59 Td (13) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 286.00 382.59 Td (157) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 382.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 382.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 382.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 456.00 382.59 Td (170) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 508.00 382.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 551.00 382.59 Td (170) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 371.59 Td (Acquisition of common stock) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 371.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 371.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 289.00 371.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 313.50 371.59 Td (\(4,197) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 329.00 371.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 371.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 371.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 449.50 371.59 Td (\(4,197) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 465.00 371.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 508.00 371.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 544.50 371.59 Td (\(4,197) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 560.00 371.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 360.59 Td (Retirement of common stock) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 220.00 360.59 Td (\(304) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 231.00 360.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 252.00 360.59 Td (\(3) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 257.00 360.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 279.50 360.59 Td (\(4,194) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 295.00 360.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 315.50 360.59 Td (4,197) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 360.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 360.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 459.00 360.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 508.00 360.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 554.00 360.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 349.59 Td (Stock-based compensation) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 349.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 349.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 278.50 349.59 Td (19,064) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 349.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 349.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 349.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 448.50 349.59 Td (19,064) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 508.00 349.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 543.50 349.59 Td (19,064) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 338.59 Td (Net income \(loss\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 338.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 338.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 289.00 338.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 338.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 348.50 338.59 Td (\(52,365) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 367.00 338.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 338.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 446.50 338.59 Td (\(52,365) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 465.00 338.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 500.50 338.59 Td (2,353) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 541.50 338.59 Td (\(50,012) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 560.00 338.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 327.59 Td (Other comprehensive income \(loss\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 327.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 327.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 289.00 327.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 327.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 327.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 399.50 327.59 Td (\(15,924) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 418.00 327.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 446.50 327.59 Td (\(15,924) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 465.00 327.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 508.00 327.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 541.50 327.59 Td (\(15,924) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 560.00 327.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 316.59 Td (Purchase of noncontrolling interest shares) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 316.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 316.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 286.00 316.59 Td (231) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 316.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 316.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 316.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 456.00 316.59 Td (231) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 503.00 316.59 Td (\(793) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 514.00 316.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 549.00 316.59 Td (\(562) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 560.00 316.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 305.59 Td (Distribution of noncontrolling interest earnings and other) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 305.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 305.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 289.00 305.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 305.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 361.00 305.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 305.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 459.00 305.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 498.50 305.59 Td (\(3,861) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 514.00 305.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 544.50 305.59 Td (\(3,861) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 560.00 305.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 294.59 Td (Adoption of ) Tj ET Q q 0 0 0 rg BT 83.33 294.59 Td (ASU 2016-02) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 225.00 294.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 251.00 294.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 289.00 294.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 294.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 348.50 294.59 Td (\(29,468) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 367.00 294.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 412.00 294.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 446.50 294.59 Td (\(29,468) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 465.00 294.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 508.00 294.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 541.50 294.59 Td (\(29,468) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 560.00 294.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 53.00 277.59 Td (Balance, December 28, 2019) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 214.50 277.59 Td (50,516) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 240.00 277.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 248.00 277.59 Td (505) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 266.00 277.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 275.50 277.59 Td (283,371) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 304.00 277.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 323.00 277.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 338.00 277.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 347.50 277.59 Td (299,793) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 376.00 277.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 399.50 277.59 Td (\(80,615) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 418.00 277.59 Td (\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 427.00 277.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 445.50 277.59 Td (503,054) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 474.00 277.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 505.00 277.59 Td (787) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 523.00 277.59 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 540.50 277.59 Td (503,841) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.95 231.65 Td (See notes to consolidated financial statements.) Tj ET Q endstream endobj 107 0 obj <>] /Rotate 0 /Contents 108 0 R>> endobj 108 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 742.25 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 742.25 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 742.25 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.65 721.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 248.47 721.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 283.02 721.25 Td (A) Tj ET Q q 0 0 0 rg BT 289.50 721.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 354.42 721.25 Td ( CASH FLOWS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.35 700.25 Td (AMOUNTS IN ) Tj ET Q q 0 0 0 rg BT 308.40 700.25 Td (THOUSANDS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 677.75 308.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 677.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 677.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 677.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 677.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 677.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 653.75 308.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 653.75 65.00 -18.00 re f /GS0 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0.9333333333333333 1 rg /GS0 gs 423.00 336.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 336.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 336.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 336.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 312.75 308.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 312.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 312.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 312.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 312.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 312.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 288.75 308.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 288.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 288.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 288.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 288.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 288.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 264.75 308.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 264.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 264.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 264.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 264.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 264.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 240.75 308.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 240.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 240.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 240.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 240.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 240.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 216.75 308.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 216.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 216.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 216.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 216.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 216.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 192.75 308.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 192.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 192.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 192.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 192.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 192.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 168.75 308.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 168.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 168.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 168.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 168.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 168.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 144.75 308.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 144.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 144.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 144.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 144.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 144.75 65.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 677.75 m 423 677.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 677.75 m 492 677.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 677.75 m 561 677.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 372.75 m 492 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 372.75 m 496 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 372.75 m 561 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 372.75 m 423 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 372.75 m 492 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 372.75 m 561 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 300.75 m 423 300.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 300.75 m 492 300.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 300.75 m 561 300.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 192.75 m 423 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 192.75 m 492 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 192.75 m 561 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 168.75 m 423 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 168.75 m 492 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 168.75 m 561 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 132.75 m 423 132.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 121.75 m 423 121.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 119.75 m 423 119.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 132.75 m 492 132.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 121.75 m 492 121.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 119.75 m 492 119.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 132.75 m 561 132.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 121.75 m 561 121.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 119.75 m 561 119.75 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 680.580078125 m 90.119140625 680.580078125 l s q 0 0 0 rg BT 52.50 681.83 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 74.20 681.83 Td (Y) Tj ET Q q 0 0 0 rg BT 79.09 681.83 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.00 681.83 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.00 681.83 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.00 681.83 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 669.70 Td (Operating ) Tj ET Q q 0 0 0 rg BT 86.27 669.70 Td (Activities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.50 669.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.50 669.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.50 669.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 657.70 Td (Net income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.50 657.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.10 657.70 Td (\(50,012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 657.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.50 657.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.10 657.70 Td (\(938) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 657.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.50 657.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.10 657.70 Td (\(473,559) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.80 657.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 645.70 Td (Adjustments to reconcile net income \(loss\) to net cash \(used in\) provided by operating) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 637.75 Td (activities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.50 640.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.50 640.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.50 640.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 627.70 Td (Depreciation, amortization and accretion) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.80 627.70 Td (54,792) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.80 627.70 Td (67,584) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.80 627.70 Td (80,973) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 615.70 Td (Non-cash lease expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.80 615.70 Td (120,01) Tj ET Q q 0 0 0 rg BT 415.80 615.70 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.80 615.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.80 615.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 603.70 Td (Stock-based compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.80 603.70 Td (15,845) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.80 603.70 Td (23,044) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.80 603.70 Td (30,400) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 591.70 Td (Decrease \(increase\) in allowance for returns and markdowns) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.80 591.70 Td (15,752) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.10 591.70 Td (\(13,987) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 591.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 543.10 591.70 Td (\(336) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.80 591.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 579.70 Td (\(Gain\) loss on disposal of assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.10 579.70 Td (\(4,584) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 579.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.80 579.70 Td (656) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.80 579.70 Td (2,510) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 567.70 Td (Property) Tj ET Q q 0 0 0 rg BT 91.79 567.70 Td (, plant and equipment and other long-lived asset impairment losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.80 567.70 Td (8,660) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.80 567.70 Td (2,039) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.80 567.70 Td (3,213) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 555.70 Td (Goodwill and trade name impairment losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.80 555.70 Td (16,613) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.80 555.70 Td (6,212) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.80 555.70 Td (407,128) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 543.70 Td (Non-cash restructuring char) Tj ET Q q 0 0 0 rg BT 153.72 543.70 Td (ges) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.80 543.70 Td (5,196) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.80 543.70 Td (6,252) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.80 543.70 Td (10,684) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 531.70 Td (Equity method investment losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.80 531.70 Td (371) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.80 531.70 Td (558) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.80 531.70 Td (460) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 520.70 Td (Bad debt expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.80 520.70 Td (2,921) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.80 520.70 Td (8,921) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.80 520.70 Td (7,140) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 508.70 Td (Loss on extinguishment of debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.80 508.70 Td (3,044) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.80 508.70 Td (718) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.80 508.70 Td (1,029) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 496.70 Td (Debt discount and debt issuance costs amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.80 496.70 Td (4,621) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.80 496.70 Td (3,714) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.80 496.70 Td (3,724) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 484.70 Td (Deferred income taxes and other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.10 484.70 Td (\(6,416) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 484.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.80 484.70 Td (6,435) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.10 484.70 Td (\(47,215) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.80 484.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 472.70 Td (Gain on asset divestitures) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.10 472.70 Td (\(23,134) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 472.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.80 472.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.10 472.70 Td (\(1,750) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.80 472.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 460.70 Td (Contingent consideration remeasurement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.10 460.70 Td (\(601) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 460.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.10 460.70 Td (\(3,381) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 460.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.80 460.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 448.70 Td (Changes in operating assets and liabilities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.50 448.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.50 448.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.50 448.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 436.70 Td (Accounts receivable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.80 436.70 Td (30,940) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.80 436.70 Td (68,308) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.80 436.70 Td (14,367) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 424.70 Td (Inventories) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.10 424.70 Td (\(78,135) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 424.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.80 424.70 Td (153,445) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.80 424.70 Td (6,829) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 412.70 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.80 412.70 Td (10,994) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.10 412.70 Td (\(15,356) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 412.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.80 412.70 Td (13,509) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 400.70 Td (Accounts payable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.80 400.70 Td (4,862) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.10 400.70 Td (\(38,365) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 400.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.80 400.70 Td (34,864) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 388.70 Td (Accrued expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.10 388.70 Td (\(150,519) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 388.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.10 388.70 Td (\(13,477) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 388.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.80 388.70 Td (52,761) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 376.70 Td (Income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.80 376.70 Td (4,570) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.10 376.70 Td (\(14,243) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 376.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.80 376.70 Td (32,81) Tj ET Q q 0 0 0 rg BT 553.80 376.70 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.50 364.70 Td (Net cash \(used in\) provided by operating activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.10 364.70 Td (\(14,209) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 364.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.80 364.70 Td (248,139) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.80 364.70 Td (179,542) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 352.70 Td (Investing ) Tj ET Q q 0 0 0 rg BT 84.05 352.70 Td (Activities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.50 352.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.50 352.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.50 352.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 340.70 Td (Additions to property) Tj ET Q q 0 0 0 rg BT 127.12 340.70 Td (, plant and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.10 340.70 Td (\(20,894) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 340.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.10 340.70 Td (\(17,961) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 340.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.10 340.70 Td (\(25,520) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.80 340.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 328.70 Td (\(Increase\) decrease in intangible and other assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.10 328.70 Td (\(3,252) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 328.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.80 328.70 Td (1,626) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.10 328.70 Td (\(1,639) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.80 328.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 316.70 Td (Proceeds from the sale of property) Tj ET Q q 0 0 0 rg BT 168.65 316.70 Td (, plant, equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.80 316.70 Td (1,255) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.80 316.70 Td (717) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.80 316.70 Td (548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 304.70 Td (Proceeds from asset divestitures) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.80 304.70 Td (41,570) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.80 304.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.80 304.70 Td (1,750) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.50 292.70 Td (Net cash provided by \(used in\) investing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.80 292.70 Td (18,679) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.10 292.70 Td (\(15,618) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 292.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.10 292.70 Td (\(24,861) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.80 292.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 280.70 Td (Financing ) Tj ET Q q 0 0 0 rg BT 86.05 280.70 Td (Activities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.50 280.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.50 280.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.50 280.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 268.70 Td (Acquisition of common stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.10 268.70 Td (\(4,197) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 268.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.10 268.70 Td (\(2,856) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 268.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.10 268.70 Td (\(1,218) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.80 268.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 256.70 Td (Distribution of noncontrolling interest earnings and other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.10 256.70 Td (\(3,861) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 256.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.10 256.70 Td (\(4,224) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 256.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.10 256.70 Td (\(4,022) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.80 256.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 244.70 Td (Purchase of noncontrolling interest shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.10 244.70 Td (\(562) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 244.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.80 244.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.80 244.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 232.70 Td (Debt borrowings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.80 232.70 Td (685,332) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.80 232.70 Td (81) Tj ET Q q 0 0 0 rg BT 470.80 232.70 Td (1,007) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.80 232.70 Td (2,128,181) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 220.70 Td (Debt payments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.10 220.70 Td (\(870,552) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 220.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.10 220.70 Td (\(857,474) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 220.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.10 220.70 Td (\(2,318,246) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.80 220.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 208.70 Td (Payment for shares of Fossil ) Tj ET Q q 0 0 0 rg BT 151.38 208.70 Td (Accessories South ) Tj ET Q q 0 0 0 rg BT 211.82 208.70 Td (Africa Pty) Tj ET Q q 0 0 0 rg BT 244.44 208.70 Td (. Ltd.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.10 208.70 Td (\(1,169) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 208.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.10 208.70 Td (\(1,947) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 208.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.80 208.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 196.70 Td (Debt issuance costs and other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.10 196.70 Td (\(13,477) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 196.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.10 196.70 Td (\(7,163) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 196.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.10 196.70 Td (\(6,405) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.80 196.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.50 184.70 Td (Net cash used in financing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.10 184.70 Td (\(208,486) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 184.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.10 184.70 Td (\(62,657) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 184.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.10 184.70 Td (\(201,710) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.80 184.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 172.70 Td (Ef) Tj ET Q q 0 0 0 rg BT 65.98 172.70 Td (fect of exchange rate changes on cash and cash equivalents, and restricted cash) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.80 172.70 Td (882) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.80 172.70 Td (9,364) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.10 172.70 Td (\(19,178) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.80 172.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 160.70 Td (Net \(decrease\) increase in cash and cash equivalents, and restricted cash) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.10 160.70 Td (\(203,134) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 160.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.80 160.70 Td (179,228) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.10 160.70 Td (\(66,207) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.80 160.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 148.70 Td (Cash and cash equivalents, and restricted cash:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.50 148.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.50 148.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.50 148.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 136.70 Td (Beginning of year) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.80 136.70 Td (410,883) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.80 136.70 Td (231,655) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.80 136.70 Td (297,862) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 124.70 Td (End of year) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.50 124.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.80 124.70 Td (207,749) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.50 124.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.80 124.70 Td (410,883) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.50 124.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.80 124.70 Td (231,655) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.60 100.25 Td (See notes to the consolidated financial statements.) Tj ET Q endstream endobj 109 0 obj <>] /Rotate 0 /Contents 110 0 R>> endobj 110 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (51) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 742.25 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 742.25 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 742.25 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.30 721.25 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 211.52 721.25 Td (T) Tj ET Q q 0 0 0 rg BT 218.01 721.25 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.11 721.25 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 367.29 721.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 381.28 721.25 Td (A) Tj ET Q q 0 0 0 rg BT 387.76 721.25 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 700.25 Td (1. Significant ) Tj ET Q q 0 0 0 rg BT 107.57 700.25 Td (Accounting Policies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 679.25 Td (Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.34 679.25 Td ( include the accounts of Fossil Group,Inc., a Delaware corporation, and its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 667.25 Td (subsidiaries \(the "Company"\). ) Tj ET Q q 0 0 0 rg BT 172.46 667.25 Td (The Company is a leader in the design, development, marketing and distribution of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 655.25 Td (contemporary) Tj ET Q q 0 0 0 rg BT 104.38 655.25 Td (, high quality fashion accessories on a global basis. ) Tj ET Q q 0 0 0 rg BT 311.10 655.25 Td (The Company's products are sold primarily through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 643.25 Td (department stores, specialty retailers, Company-owned retail stores and commercial websites worldwide. ) Tj ET Q q 0 0 0 rg BT 471.97 643.25 Td (The Company reports ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 631.25 Td (on a fiscal year reflecting the retail-based calendar \(containing 4-4-5week calendar quarters\). References to fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.48 631.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.48 631.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 619.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 619.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.94 619.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.94 619.25 Td ( are for the fiscal years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.15 619.25 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.74 619.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.74 619.25 Td (December29, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.32 619.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.76 619.25 Td (December30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.34 619.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 542.00 619.25 Td (. ) Tj ET Q q 0 0 0 rg BT 546.45 619.25 Td (All ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 607.25 Td (intercompany balances and transactions are eliminated in consolidation. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 586.25 Td (Use of Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.54 586.25 Td ( is required in the preparation of the consolidated financial statements in conformity with accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.25 Td (principles generally accepted in the United States of ) Tj ET Q q 0 0 0 rg BT 259.98 574.25 Td (America. Management makes estimates and assumptions that af) Tj ET Q q 0 0 0 rg BT 515.84 574.25 Td (fect the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.25 Td (reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.25 Td (financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.25 Td (management evaluates its estimates and judgments, including those related to product returns, bad debt, inventories, long-lived ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.25 Td (asset impairment, impairment of trade names, income taxes, warranty costs and litigation liabilities. Management bases its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (estimates and judgments on historical experience and on various other factors that it believes are reasonable under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.25 Td (circumstances. Management estimates form the basis for making judgments about the carrying value of the assets and liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.25 Td (that are not readily apparent from other sources. ) Tj ET Q q 0 0 0 rg BT 243.59 490.25 Td (Actual results could dif) Tj ET Q q 0 0 0 rg BT 337.00 490.25 Td (fer from those estimates under dif) Tj ET Q q 0 0 0 rg BT 472.05 490.25 Td (ferent assumptions or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.25 Td (conditions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 454.25 Td (Concentration of Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.44 454.25 Td ( involves financial instruments that potentially expose the Company to concentration of credit risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.25 Td (and consist primarily of cash investments and accounts receivable. ) Tj ET Q q 0 0 0 rg BT 318.12 442.25 Td (The Company places its cash investments with high-credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.25 Td (quality financial institutions and currently invests primarily in corporate debt securities and money market funds with major ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.25 Td (banks and financial institutions. ) Tj ET Q q 0 0 0 rg BT 178.65 418.25 Td (Accounts receivable are generally diversified due to the number of entities comprising the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.25 Td (Company's customer base and their dispersion across many geographic regions. ) Tj ET Q q 0 0 0 rg BT 370.76 406.25 Td (The Company believes no significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.25 Td (concentration of credit risk exists with respect to these cash investments and accounts receivable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 373.25 Td (A) Tj ET Q q 0 0 0 rg BT 78.67 373.25 Td ( significant portion of sales of the Company's products are supplied by manufacturers located outside of the U.S., ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 361.25 Td (primarily in ) Tj ET Q q 0 0 0 rg BT 98.94 361.25 Td (Asia. ) Tj ET Q q 0 0 0 rg BT 122.09 361.25 Td (While the Company is not dependent on any single manufacturer outside the U.S., the Company could be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.25 Td (adversely af) Tj ET Q q 0 0 0 rg BT 97.90 349.25 Td (fected by political, economic or other disruptions af) Tj ET Q q 0 0 0 rg BT 304.88 349.25 Td (fecting the business or operations of third-party manufacturers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.25 Td (located outside of the U.S. In fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.78 337.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.78 337.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.78 337.25 Td (47%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.11 337.25 Td ( of the Company's global watch production was assembled or procured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.25 Td (through wholly or majority-owned factories.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 304.25 Td (The Company has entered into multi-year) Tj ET Q q 0 0 0 rg BT 238.49 304.25 Td (, worldwide exclusive license agreements for the manufacture, distribution and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.25 Td (sale of products bearing the brand names of certain globally recognized fashion companies. Sales of the Company's licensed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.25 Td (products amounted to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.65 280.25 Td (45.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.48 280.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.48 280.25 Td (46.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.31 280.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.75 280.25 Td (47.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.58 280.25 Td ( of the consolidated net sales for fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.24 280.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.24 280.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.24 280.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.24 280.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.68 280.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.68 280.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 557.34 280.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.25 Td (of which MICHAEL) Tj ET Q q 0 0 0 rg BT 132.45 268.25 Td ( KORS) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 161.62 272.78 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.56 268.25 Td ( product sales accounted for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.24 268.25 Td (19.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.07 268.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.07 268.25 Td (22.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.90 268.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.34 268.25 Td (22.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.17 268.25 Td ( of the consolidated net sales for fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 256.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 256.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 256.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.94 256.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.94 256.25 Td (, respectively and EMPORIO ) Tj ET Q q 0 0 0 rg BT 253.64 256.25 Td (ARMANI) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 294.20 260.78 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.76 256.25 Td (product sales accounted for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.94 256.25 Td (15.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.77 256.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.77 256.25 Td (12.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 256.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.04 256.25 Td (9.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.87 256.25 Td ( of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.25 Td (consolidated net sales for fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.11 244.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.11 244.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.11 244.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.11 244.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.55 244.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.55 244.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 338.21 244.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 223.25 Td (Cash Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.75 223.25 Td ( are considered all highly liquid investments with original maturities of three months or less.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 202.25 Td (Restricted Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.04 202.25 Td ( was comprised primarily of restricted cash balances for pledged collateral to secure bank guarantees for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.25 Td (the purpose of obtaining retail space. ) Tj ET Q q 0 0 0 rg BT 199.55 190.25 Td (The following table provides a reconciliation of the cash, cash equivalents, and restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.25 Td (cash balances as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.35 178.25 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.94 178.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.94 178.25 Td (December29, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.52 178.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.96 178.25 Td (December30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.54 178.25 Td ( that are presented in the consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.25 Td (statement of cash flows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.75 131.75 189.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.75 131.75 97.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 131.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.75 131.75 97.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.75 131.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.75 131.75 97.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.75 91.75 189.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.75 91.75 97.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 91.75 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.75 91.75 97.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.75 91.75 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.75 91.75 97.00 -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 260.75 131.75 m 357.75 131.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.75 131.75 m 459.75 131.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.75 131.75 m 561.75 131.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.75 131.75 m 357.75 131.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.75 131.75 m 459.75 131.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.75 131.75 m 561.75 131.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.75 66.75 m 459.75 66.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.75 66.75 m 561.75 66.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.75 66.75 m 357.75 66.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.75 52.75 m 357.75 52.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.75 50.75 m 357.75 50.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.75 66.75 m 459.75 66.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.75 52.75 m 459.75 52.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.75 50.75 m 459.75 50.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.75 66.75 m 561.75 66.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.75 52.75 m 561.75 52.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.75 50.75 m 561.75 50.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.50 135.98 Td (December) Tj ET Q q 0 0 0 rg BT 311.07 135.98 Td ( 28, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.50 135.98 Td (December) Tj ET Q q 0 0 0 rg BT 413.07 135.98 Td ( 29, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.50 135.98 Td (December) Tj ET Q q 0 0 0 rg BT 515.00 135.98 Td ( 30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.25 121.42 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.25 121.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.40 121.42 Td (200,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.25 121.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.40 121.42 Td (403,373) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.25 121.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.40 121.42 Td (231,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.25 106.42 Td (Restricted cash included in prepaid expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.25 96.42 Td (and other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.90 96.42 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.90 96.42 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.90 96.42 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.25 81.42 Td (Restricted cash included in intangible and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.25 71.42 Td (other assets-net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.40 71.42 Td (7,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.40 71.42 Td (7,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.90 71.42 Td (377) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.25 56.42 Td (Cash, cash equivalents and restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.25 56.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.40 56.42 Td (207,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.25 56.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.40 56.42 Td (410,883) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.25 56.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.40 56.42 Td (231,655) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 111 0 obj <>] /Rotate 0 /Contents 112 0 R>> endobj 112 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (52) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 690.75 Td (Accounts Receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.04 690.75 Td ( at the end of fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.49 690.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.49 690.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.93 690.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.93 690.75 Td ( are stated net of doubtful accounts of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.47 690.75 Td ($13.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 678.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.83 678.75 Td ($14.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.72 678.75 Td (, respectively) Tj ET Q q 0 0 0 rg BT 204.38 678.75 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 657.75 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.33 657.75 Td ( are stated at the lower of cost and net realizable value, including any applicable duty and freight char) Tj ET Q q 0 0 0 rg BT 526.37 657.75 Td (ges. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 645.75 Td (Inventory held at consignment locations is included in the Company's finished goods inventory) Tj ET Q q 0 0 0 rg BT 429.48 645.75 Td (, and at the end of fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 633.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 633.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.94 633.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.94 633.75 Td (, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.99 633.75 Td ($51.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.88 633.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.32 633.75 Td ($43.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.21 633.75 Td (, respectively) Tj ET Q q 0 0 0 rg BT 311.87 633.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 612.75 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.67 612.75 Td ( in which the Company has significant influence over the investee are accounted for utilizing the equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 600.75 Td (method. If the Company does not have significant influence over the investee, the cost method is utilized. ) Tj ET Q q 0 0 0 rg BT 474.21 600.75 Td (The Company's cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 588.75 Td (method investment was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.43 588.75 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.32 588.75 Td ( at the end of both fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.05 588.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.05 588.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.49 588.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.49 588.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 567.75 Td (Lease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.44 567.75 Td ( assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the obligation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 555.75 Td (to make lease payments arising from the lease. ) Tj ET Q q 0 0 0 rg BT 238.42 555.75 Td (These assets and liabilities are initially recognized based on the present value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 543.75 Td (lease payments over the lease term calculated using the Company's incremental borrowing rate, adjusted for the lease term and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 531.75 Td (lease country) Tj ET Q q 0 0 0 rg BT 101.88 531.75 Td (, unless the implicit rate is readily determinable. Lease assets also include any upfront lease payments made and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 519.75 Td (are reduced by lease incentives. Some lease terms include options to extend or terminate the lease and they are included in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 507.75 Td (measurement of the lease assets and lease liabilities if the Company is reasonably certain that those options will be exercised. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 495.75 Td (V) Tj ET Q q 0 0 0 rg BT 55.61 495.75 Td (ariable lease payments are expensed as incurred and include certain index-based changes in rent and certain non-lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 483.75 Td (components such as maintenance and other services provided by the lessor to the extent the char) Tj ET Q q 0 0 0 rg BT 434.47 483.75 Td (ges are variable. ) Tj ET Q q 0 0 0 rg BT 502.03 483.75 Td (The Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 471.75 Td (evaluates contractual arrangements at inception to determine if individual agreements are a lease or contain an identifiable lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 459.75 Td (component as defined by ) Tj ET Q q 0 0 0 rg BT 151.70 459.75 Td (Accounting Standards Codification \("ASC"\) 842, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 352.06 459.75 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.28 459.75 Td ( \("ASC 842"\). ) Tj ET Q q 0 0 0 rg BT 438.38 459.75 Td (When evaluating contracts to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 447.75 Td (determine appropriate classification and recognition under ) Tj ET Q q 0 0 0 rg BT 284.97 447.75 Td (ASC 842, significant judgment may be necessary to determine, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 435.75 Td (among other criteria, if an embedded leasing arrangement exists, the length of the term, classification as either an operating or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.75 Td (financing lease and whether renewal or termination options are reasonably certain to be exercised. Leases with an initial term of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 411.75 Td (12 months or less are not recorded on the balance sheet. Lease agreements with lease and non-lease components are combined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 399.75 Td (as a single lease component for all classes of underlying assets. ) Tj ET Q q 0 0 0 rg BT 304.80 399.75 Td (The depreciable life of lease assets and leasehold improvements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 387.75 Td (is limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 366.75 Td (Lease assets are evaluated for impairment whenever events or conditions indicate that the carrying value of an asset may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.75 Td (not be recoverable based on expected undiscounted cash flows related to the asset. In fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.29 354.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.29 354.75 Td (, lease impairment losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.33 342.75 Td ($7.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.22 342.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.66 342.75 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.55 342.75 Td ( were recorded in selling, general, and administrative \("SG&A"\) and restructuring char) Tj ET Q q 0 0 0 rg BT 525.13 342.75 Td (ges, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 330.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 309.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 82.37 309.75 Td (operty) Tj ET Q q 0 0 0 rg BT 109.58 309.75 Td (, Plant and Equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.78 309.75 Td (is stated at cost less accumulated depreciation and amortization. Depreciation is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 297.75 Td (calculated using the straight-line method over the estimated useful lives of the assets of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.07 297.75 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.07 297.75 Td ( years for buildings, generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.25 297.75 Td (five ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 285.75 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.60 285.75 Td ( for machinery and equipment and furniture and fixtures and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.96 285.75 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.96 285.75 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.74 285.75 Td (seven years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.10 285.75 Td ( for computer equipment and software. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 273.75 Td (Leasehold improvements are amortized over the shorter of the lease term or the asset's estimated useful life. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 252.75 Td (Property) Tj ET Q q 0 0 0 rg BT 105.79 252.75 Td (, plant and equipment are evaluated for impairment whenever events or conditions indicate that the carrying value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 240.75 Td (of an asset may not be recoverable based on expected undiscounted cash flows related to the asset. Property) Tj ET Q q 0 0 0 rg BT 479.81 240.75 Td (, plant and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 228.75 Td (equipment impairment losses of underperforming Company-owned retail stores of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.62 228.75 Td ($0.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.52 228.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.52 228.75 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.41 228.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 216.75 Td ($1.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.39 216.75 Td ( were recorded in SG&A) Tj ET Q q 0 0 0 rg BT 197.81 216.75 Td ( and impairment losses of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.32 216.75 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.21 216.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.21 216.75 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.11 216.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.54 216.75 Td ($8.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.44 216.75 Td ( were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.75 Td (recorded in restructuring char) Tj ET Q q 0 0 0 rg BT 167.87 204.75 Td (ges in fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.74 204.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.74 204.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.74 204.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.74 204.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.17 204.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.17 204.75 Td (, respectively) Tj ET Q q 0 0 0 rg BT 378.84 204.75 Td (. ) Tj ET Q q 0 0 0 rg BT 383.28 204.75 Td (Additionally) Tj ET Q q 0 0 0 rg BT 433.19 204.75 Td (, in fiscal years 2019, 2018 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.75 Td (2017, the Company recorded non-impairment losses related to the disposal of property) Tj ET Q q 0 0 0 rg BT 395.43 192.75 Td (, plant and equipment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.41 192.75 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.30 192.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.75 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.39 180.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.83 180.75 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.72 180.75 Td (, respectively) Tj ET Q q 0 0 0 rg BT 219.38 180.75 Td (, included in restructuring char) Tj ET Q q 0 0 0 rg BT 342.21 180.75 Td (ges in the Company) Tj ET Q q 0 0 0 rg BT 424.71 180.75 Td (s consolidated statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.75 Td (income \(loss\) and comprehensive income \(loss\). ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 147.75 Td (Goodwill and Other) Tj ET Q q 0 0 0 rg BT 157.39 147.75 Td ( Intangible ) Tj ET Q q 0 0 0 rg BT 205.74 147.75 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.40 147.75 Td ( include trademarks, trade names, developed technology) Tj ET Q q 0 0 0 rg BT 456.67 147.75 Td (, customer lists and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 135.75 Td (patents. ) Tj ET Q q 0 0 0 rg BT 82.64 135.75 Td (T) Tj ET Q q 0 0 0 rg BT 88.40 135.75 Td (rademarks, trade names with finite lives, developed technology) Tj ET Q q 0 0 0 rg BT 340.73 135.75 Td (, customer lists and patents are amortized using the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 123.75 Td (straight-line method over their estimated useful lives, which are generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.90 123.75 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.89 123.75 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.67 123.75 Td (20 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.26 123.75 Td (. Indefinite-lived trade names are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 111.75 Td (evaluated for impairment annually as of the end of the fiscal year) Tj ET Q q 0 0 0 rg BT 309.68 111.75 Td (. ) Tj ET Q q 0 0 0 rg BT 314.12 111.75 Td (Additionally) Tj ET Q q 0 0 0 rg BT 364.03 111.75 Td (, if events or conditions were to indicate an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 99.75 Td (indefinite-lived trade name may not be recoverable, the Company would evaluate the asset for impairment at that time. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 87.75 Td (Impairment testing compares the carrying amount of an intangible asset with its fair value. ) Tj ET Q q 0 0 0 rg BT 413.93 87.75 Td (When the carrying amount of an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 75.75 Td (intangible asset exceeds its fair value, an impairment char) Tj ET Q q 0 0 0 rg BT 280.62 75.75 Td (ge is recorded.) Tj ET Q endstream endobj 113 0 obj <>] /Rotate 0 /Contents 114 0 R>> endobj 114 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 690.60 Td (The fair values of the Company's SKAGEN) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 247.65 695.13 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.59 690.60 Td ( and MICHELE) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 316.47 695.13 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.41 690.60 Td ( trade names were estimated using the relief from royalty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (method. During fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.48 678.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.48 678.60 Td (, the SKAGEN trade name with a carrying amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.25 678.60 Td ($21.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.14 678.60 Td ( was written down to its implied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.86 666.60 Td ($4.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.75 666.60 Td (, resulting in a pre-tax impairment char) Tj ET Q q 0 0 0 rg BT 305.91 666.60 Td (ge of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.67 666.60 Td ($16.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.57 666.60 Td (. Concurrent with the impairment testing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (the Company determined the trade name would no longer have an indefinite useful life. In fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.58 654.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.58 654.60 Td (, an impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (char) Tj ET Q q 0 0 0 rg BT 66.53 642.60 Td (ge of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.29 642.60 Td ($6.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.19 642.60 Td ( was recorded related to the SKAGEN trade name. For fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.86 642.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.86 642.60 Td (, a discount rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.50 642.60 Td (10.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.33 642.60 Td ( and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (royalty rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.64 630.60 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.97 630.60 Td ( were used to estimate the MICHELE trade name fair value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.66 630.60 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.88 630.60 Td ( impairment char) Tj ET Q q 0 0 0 rg BT 445.00 630.60 Td (ges were recorded to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (MICHELE trade name during fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.44 618.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.44 618.60 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.77 618.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.77 618.60 Td (. In fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.46 618.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.46 618.60 Td (, impairment char) Tj ET Q q 0 0 0 rg BT 423.09 618.60 Td (ges of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.75 618.60 Td ($28.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.64 618.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.64 618.60 Td ($1) Tj ET Q q 0 0 0 rg BT 518.27 618.60 Td (1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.16 618.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.44 606.60 Td ($7.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.33 606.60 Td ( were recorded related to the SKAGEN, MISFIT) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 310.27 611.13 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.21 606.60 Td ( and MICHELE trade names, respectively) Tj ET Q q 0 0 0 rg BT 482.28 606.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 585.60 Td (The Company had three reporting units for which it evaluated goodwill for impairment. In fiscal year 2017, goodwill was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 573.60 Td (deemed fully impaired and accordingly the Company recognized a pre-tax impairment char) Tj ET Q q 0 0 0 rg BT 415.01 573.60 Td (ge in operations of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.21 573.60 Td ($202.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.10 573.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 561.60 Td ($1) Tj ET Q q 0 0 0 rg BT 59.13 561.60 Td (14.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.02 561.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.46 561.60 Td ($42.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.35 561.60 Td ( in the ) Tj ET Q q 0 0 0 rg BT 208.29 561.60 Td (Americas, Europe and ) Tj ET Q q 0 0 0 rg BT 299.37 561.60 Td (Asia segments, respectively) Tj ET Q q 0 0 0 rg BT 410.08 561.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 540.60 Td (Accrued Expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.55 540.60 Td (includes liabilities relating to warranties, duty) Tj ET Q q 0 0 0 rg BT 335.19 540.60 Td (, deferred compensation, gift cards, foreign exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 528.60 Td (forward contracts \("forward contracts"\), deferred rent, and other accrued liabilities which are current in nature.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 507.60 Td (Other) Tj ET Q q 0 0 0 rg BT 97.37 507.60 Td ( Long-T) Tj ET Q q 0 0 0 rg BT 131.18 507.60 Td (erm Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.67 507.60 Td ( includes obligations relating to asset retirements, deferred rent, forward contracts and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 495.60 Td (defined benefits relating to certain international employees that are not current in nature.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 474.60 Td (Cumulative ) Tj ET Q q 0 0 0 rg BT 124.32 474.60 Td (T) Tj ET Q q 0 0 0 rg BT 130.25 474.60 Td (ranslation ) Tj ET Q q 0 0 0 rg BT 175.54 474.60 Td (Adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.09 474.60 Td ( is included as a component of accumulated other comprehensive income \(loss\) and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (reflects the adjustments resulting from translating the financial statements of foreign subsidiaries into U.S. dollars. ) Tj ET Q q 0 0 0 rg BT 509.77 462.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (functional currency of the Company's foreign subsidiaries is the currency of the primary economic environment in which the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (entity operates, which is generally the local currency of the country) Tj ET Q q 0 0 0 rg BT 318.47 438.60 Td (. ) Tj ET Q q 0 0 0 rg BT 322.92 438.60 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 372.25 438.60 Td (, assets and liabilities of the foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (subsidiaries are translated to U.S. dollars at fiscal year) Tj ET Q q 0 0 0 rg BT 266.45 426.60 Td (-end exchange rates. Income and expense items are translated at average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (monthly exchange rates. Cumulative translation adjustments remain in accumulated other comprehensive income \(loss\) and are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (reclassified into earnings in the event the related foreign subsidiary is sold or liquidated. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 381.60 Td (For) Tj ET Q q 0 0 0 rg BT 87.37 381.60 Td (eign ) Tj ET Q q 0 0 0 rg BT 107.46 381.60 Td (T) Tj ET Q q 0 0 0 rg BT 113.39 381.60 Td (ransaction Gains and Losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.31 381.60 Td (are those changes in exchange rates of currencies not considered the functional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 369.60 Td (currency that af) Tj ET Q q 0 0 0 rg BT 112.06 369.60 Td (fects cash flows and the related receivables or payables. ) Tj ET Q q 0 0 0 rg BT 337.89 369.60 Td (The Company incurred net foreign currency transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 357.60 Td (gains \(losses\) of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.25 357.60 Td ($3.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.14 357.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.14 357.60 Td ($\(5.8\) million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.69 357.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.13 357.60 Td ($7.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.02 357.60 Td ( for fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.44 357.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.44 357.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.44 357.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.44 357.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.88 357.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.88 357.60 Td (, respectively) Tj ET Q q 0 0 0 rg BT 556.54 357.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 345.60 Td (These net gains \(losses\) have been included in other income \(expense\)net in the Company's consolidated statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 333.60 Td (income \(loss\) and comprehensive income \(loss\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 312.60 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.55 312.60 Td ( from sales of the Company's products, including those that are subject to inventory consignment agreements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 300.60 Td (are recognized when control of the product is transferred to the customer and in an amount that reflects the consideration the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 288.60 Td (Company expects to be entitled in exchange for the product. ) Tj ET Q q 0 0 0 rg BT 292.85 288.60 Td (The Company accepts limited returns from customers. ) Tj ET Q q 0 0 0 rg BT 512.62 288.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 276.60 Td (Company continually monitors returns and maintains a provision for estimated returns based upon historical experience and any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 264.60 Td (specific issues identified. Product returns are accounted for as reductions to revenue and cost of sales and increases to customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 252.60 Td (liabilities and other current assets to the extent the returned product is resalable. ) Tj ET Q q 0 0 0 rg BT 370.88 252.60 Td (While returns have historically been within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 240.60 Td (management's expectations and the provisions established, future return rates may dif) Tj ET Q q 0 0 0 rg BT 391.30 240.60 Td (fer from those experienced in the past. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 228.60 Td (the event that the Company's products are performing poorly in the retail market and/or it experiences product damages or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 216.60 Td (defects at a rate significantly higher than the historical rate, the resulting returns could have an adverse impact on the operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.60 Td (results for the period or periods in which such returns occur) Tj ET Q q 0 0 0 rg BT 287.77 204.60 Td (. ) Tj ET Q q 0 0 0 rg BT 292.59 204.60 Td (The Company recorded an estimated returns provision of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.76 192.60 Td ($77.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.65 192.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.09 192.60 Td ($67.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.98 192.60 Td ( in accrued expenses as of the end of fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.84 192.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.84 192.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.28 192.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.28 192.60 Td (, respectively) Tj ET Q q 0 0 0 rg BT 545.94 192.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.60 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 180.60 Td (axes imposed by governmental authorities on the Company's revenue-producing activities with customers, such as sales taxes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.60 Td (and value added taxes, are excluded from net sales. See Note2Revenue, for more information regarding the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 156.60 Td (revenue recognition policy) Tj ET Q q 0 0 0 rg BT 156.03 156.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 135.60 Td (Cost of Sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.44 135.60 Td ( includes raw material costs, assembly labor) Tj ET Q q 0 0 0 rg BT 302.38 135.60 Td (, assembly overhead including depreciation expense, assembly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 123.60 Td (warehousing costs and shipping and handling costs related to the movement of finished goods from assembly locations to sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 111.60 Td (distribution centers and from sales distribution centers to customer locations. ) Tj ET Q q 0 0 0 rg BT 359.16 111.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 409.06 111.60 Td (, cost of sales includes customs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 99.60 Td (duties, product packaging cost, royalty cost associated with sales of licensed products, the cost of molding and tooling and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 87.60 Td (inventory shrinkage and damages.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 66.60 Td (Operating Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.84 66.60 Td ( include SG&A, goodwill and trade name impairments and restructuring char) Tj ET Q q 0 0 0 rg BT 466.74 66.60 Td (ges. SG&A) Tj ET Q q 0 0 0 rg BT 512.30 66.60 Td ( expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 54.60 Td (include selling and distribution expenses primarily consisting of sales and distribution labor costs, sales distribution center and ) Tj ET Q endstream endobj 115 0 obj <>] /Rotate 0 /Contents 116 0 R>> endobj 116 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (warehouse facility costs, depreciation expense related to sales distribution and warehouse facilities, the four) Tj ET Q q 0 0 0 rg BT 480.54 690.60 Td (-wall operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (costs of the Company's retail stores, point-of-sale expenses, advertising expenses and art, design and product development labor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (costs. SG&A) Tj ET Q q 0 0 0 rg BT 101.73 666.60 Td ( also includes general and administrative expenses primarily consisting of administrative support labor and "back ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 654.60 Td (fice" or support costs such as treasury) Tj ET Q q 0 0 0 rg BT 208.26 654.60 Td (, legal, information services, accounting, internal audit, human resources, executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (management costs and costs associated with stock-based compensation. Restructuring char) Tj ET Q q 0 0 0 rg BT 415.61 642.60 Td (ges include costs to reor) Tj ET Q q 0 0 0 rg BT 512.07 642.60 Td (ganize, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (refine and optimize the Company) Tj ET Q q 0 0 0 rg BT 186.13 630.60 Td (s infrastructure and store closures. See Note 20Restructuring for additional information on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (the Company) Tj ET Q q 0 0 0 rg BT 105.88 618.60 Td (s restructuring plan.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 597.60 Td (Advertising Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.83 597.60 Td ( for in-store and media advertising as well as co-op advertising, catalog costs, product displays, show/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 585.60 Td (exhibit costs, advertising royalties related to the sales of licensed brands, internet costs associated with af) Tj ET Q q 0 0 0 rg BT 470.03 585.60 Td (filiation fees, printing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 573.60 Td (sample costs and promotional allowances are expensed as incurred within SG&A. ) Tj ET Q q 0 0 0 rg BT 379.42 573.60 Td (Advertising costs were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.56 573.60 Td ($171.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.45 573.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 561.60 Td ($181.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.39 561.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.83 561.60 Td ($207.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.72 561.60 Td ( for fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.14 561.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.14 561.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.14 561.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.14 561.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.57 561.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.57 561.60 Td (, respectively) Tj ET Q q 0 0 0 rg BT 388.24 561.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 540.60 Td (W) Tj ET Q q 0 0 0 rg BT 81.45 540.60 Td (arranty Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.05 540.60 Td ( are included in SG&A. ) Tj ET Q q 0 0 0 rg BT 237.07 540.60 Td (The Company records an estimate for future warranty costs based on historical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 528.60 Td (repair costs and adjusts the liability as required. ) Tj ET Q q 0 0 0 rg BT 242.32 528.60 Td (W) Tj ET Q q 0 0 0 rg BT 250.96 528.60 Td (arranty costs have historically been within the Company's expectations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 516.60 Td (the provisions established. If such costs were to substantially exceed estimates, this could have an adverse ef) Tj ET Q q 0 0 0 rg BT 483.64 516.60 Td (fect on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 504.60 Td (Company's operating results. See Note4W) Tj ET Q q 0 0 0 rg BT 230.47 504.60 Td (arranty Liabilities, for more information regarding warranties.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 483.60 Td (Resear) Tj ET Q q 0 0 0 rg BT 101.25 483.60 Td (ch and Development Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.80 483.60 Td (are incurred primarily through the Company's in-house engineering team and also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 471.60 Td (through some outside consulting and labor and consist primarily of personnel-related expenses, tooling and prototype materials ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 459.60 Td (and overhead costs. ) Tj ET Q q 0 0 0 rg BT 130.40 459.60 Td (The Company) Tj ET Q q 0 0 0 rg BT 190.12 459.60 Td (s research and development \("R&D"\) expenses are related to designing and developing new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 447.60 Td (products and features and improving existing products. ) Tj ET Q q 0 0 0 rg BT 272.05 447.60 Td (The Company's R&D expenses are recorded in SG&A) Tj ET Q q 0 0 0 rg BT 489.64 447.60 Td ( and were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.00 447.60 Td ($32.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 435.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 435.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.39 435.60 Td ($38.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.28 435.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.72 435.60 Td ($42.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.61 435.60 Td ( in fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.15 435.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 435.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 435.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.15 435.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.58 435.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.58 435.60 Td (, respectively) Tj ET Q q 0 0 0 rg BT 408.25 435.60 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 411.60 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 112.37 411.60 Td (olling Inter) Tj ET Q q 0 0 0 rg BT 160.25 411.60 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.91 411.60 Td ( is recognized as equity in the Company's consolidated balance sheets, is reflected in net income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 399.60 Td (attributable to noncontrolling interest in the consolidated statements of income \(loss\) and comprehensive income \(loss\) and is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 387.60 Td (captured within the summary of changes in equity attributable to controlling and noncontrolling interests. Noncontrolling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 375.60 Td (interests represent ownership interests in the Company's subsidiaries held by third parties.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 354.60 Td (Other) Tj ET Q q 0 0 0 rg BT 97.37 354.60 Td ( Compr) Tj ET Q q 0 0 0 rg BT 130.24 354.60 Td (ehensive Income \(Loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.12 354.60 Td ( which is reported in the consolidated statements of income \(loss\) and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (comprehensive income \(loss\) and consolidated statements of stockholders' equity) Tj ET Q q 0 0 0 rg BT 373.90 342.60 Td (, consists of net income and other gains and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (losses af) Tj ET Q q 0 0 0 rg BT 83.48 330.60 Td (fecting equity that are excluded from net income. ) Tj ET Q q 0 0 0 rg BT 282.94 330.60 Td (The components of other comprehensive income \(loss\) primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (consist of foreign currency translation gains and losses and net realized and unrealized gains and losses on the following: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (\(i\)derivatives designated as cash flow hedges and \(ii\)the Company's defined benefit plans.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 285.60 Td (Earnings \(Loss\) Per) Tj ET Q q 0 0 0 rg BT 156.82 285.60 Td ( Shar) Tj ET Q q 0 0 0 rg BT 179.70 285.60 Td (e \("EPS"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.74 285.60 Td ( is based on the weighted average number of common shares outstanding during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 273.60 Td (each period. Diluted EPS adjusts basic EPS for the ef) Tj ET Q q 0 0 0 rg BT 262.61 273.60 Td (fects of dilutive common stock equivalents outstanding during each period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 261.60 Td (using the treasury stock method.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 240.60 Td (The following table reconciles the numerators and denominators used in the computations of both basic and diluted EPS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 228.60 Td (\(in thousands except per share data\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 205.10 310.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 205.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 205.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 205.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 205.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 205.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 175.10 310.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 175.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 175.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 175.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 175.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 175.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 145.10 310.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 145.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 145.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 145.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 145.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 145.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 115.10 310.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 115.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 115.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 115.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 115.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 115.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 85.10 310.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 85.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 85.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 85.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 85.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 85.10 65.00 -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 360 205.10000000000002 m 425 205.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 205.10000000000002 m 494 205.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 205.10000000000002 m 563 205.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 176.10000000000002 m 425 176.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 174.10000000000002 m 425 174.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 176.10000000000002 m 494 176.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 174.10000000000002 m 494 174.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 176.10000000000002 m 563 176.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 174.10000000000002 m 563 174.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 130.10000000000002 m 425 130.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 130.10000000000002 m 494 130.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 130.10000000000002 m 563 130.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 130.10000000000002 m 425 130.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 116.10000000000002 m 425 116.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 114.10000000000002 m 425 114.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 130.10000000000002 m 494 130.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 116.10000000000002 m 494 116.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 114.10000000000002 m 494 114.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 130.10000000000002 m 563 130.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 116.10000000000002 m 563 116.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 114.10000000000002 m 563 114.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 70.10000000000002 m 425 70.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 70.10000000000002 m 494 70.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 70.10000000000002 m 563 70.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 70.10000000000002 m 425 70.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 56.10000000000002 m 425 56.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 54.10000000000002 m 425 54.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 70.10000000000002 m 494 70.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 56.10000000000002 m 494 56.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 54.10000000000002 m 494 54.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 70.10000000000002 m 563 70.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 56.10000000000002 m 563 56.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 54.10000000000002 m 563 54.10000000000002 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 208.080078125 m 90.119140625 208.080078125 l s q 0 0 0 rg BT 52.50 209.33 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 74.20 209.33 Td (Y) Tj ET Q q 0 0 0 rg BT 79.09 209.33 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.00 209.33 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 209.33 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 209.33 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 194.77 Td (Numerator:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 179.77 Td (Net income \(loss\) attributable to Fossil Group, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 179.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 179.82 Td (\(52,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 179.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 179.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 179.82 Td (\(3,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 179.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 179.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.30 179.82 Td (\(478,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 179.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 164.77 Td (Denominator:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 149.77 Td (Basic EPS computation:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 134.77 Td (Basic weighted average common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 134.77 Td (50,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 134.77 Td (49,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 134.77 Td (48,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 119.77 Td (Basic EPS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 119.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.30 119.82 Td (\(1.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 119.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 119.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.30 119.82 Td (\(0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 119.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 119.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.30 119.82 Td (\(9.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 119.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 104.77 Td (Diluted EPS computation:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 89.77 Td (Basic weighted average common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 89.77 Td (50,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 89.77 Td (49,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 89.77 Td (48,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 74.77 Td (Diluted weighted average common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 74.77 Td (50,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 74.77 Td (49,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 74.77 Td (48,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 59.77 Td (Diluted EPS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 59.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.30 59.82 Td (\(1.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 59.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 59.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.30 59.82 Td (\(0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 59.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 59.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.30 59.82 Td (\(9.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 59.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 117 0 obj <>] /Rotate 0 /Contents 118 0 R>> endobj 118 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 690.60 Td (Approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.54 690.60 Td (3.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.43 690.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.43 690.60 Td (5.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.33 690.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.76 690.60 Td (4.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.66 690.60 Td ( weighted average shares issuable under stock-based awards were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (not included in the diluted EPS calculation in fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.11 678.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.11 678.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.11 678.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.11 678.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.55 678.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.55 678.60 Td (, respectively) Tj ET Q q 0 0 0 rg BT 418.21 678.60 Td (, because they were antidilutive, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (including approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.03 666.60 Td (0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.92 666.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.92 666.60 Td (1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.82 666.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.25 666.60 Td (1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.15 666.60 Td ( weighted performance-based shares in fiscal years 2019, 2018 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (and 2017, respectively) Tj ET Q q 0 0 0 rg BT 139.10 654.60 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 633.60 Td (Income ) Tj ET Q q 0 0 0 rg BT 105.98 633.60 Td (T) Tj ET Q q 0 0 0 rg BT 111.73 633.60 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.06 633.60 Td ( are provided for under the asset and liability method for temporary dif) Tj ET Q q 0 0 0 rg BT 413.12 633.60 Td (ferences in assets and liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 621.60 Td (recognized for income tax and financial reporting purposes. Deferred tax assets are periodically assessed for the likelihood of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 609.60 Td (whether they are more likely than not to be realized. ) Tj ET Q q 0 0 0 rg BT 260.62 609.60 Td (T) Tj ET Q q 0 0 0 rg BT 266.03 609.60 Td (ax benefits associated with uncertain tax positions are recognized in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 597.60 Td (period in which one of the following conditions is satisfied: \(i\)the more likely than not recognition threshold is satisfied; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 585.60 Td (\(ii\)the position is ultimately settled through negotiation or litigation; or \(iii\)the statute of limitations for the taxing authority to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 573.60 Td (examine and challenge the position has expired. ) Tj ET Q q 0 0 0 rg BT 243.70 573.60 Td (T) Tj ET Q q 0 0 0 rg BT 249.11 573.60 Td (ax benefits associated with an uncertain tax position are derecognized in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 561.60 Td (period in which the more likely than not recognition threshold is no longer satisfied.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 540.60 Td (The Global Intangible Low-T) Tj ET Q q 0 0 0 rg BT 191.38 540.60 Td (axed Income \(GIL) Tj ET Q q 0 0 0 rg BT 268.75 540.60 Td (TI\) provisions of the ) Tj ET Q q 0 0 0 rg BT 357.99 540.60 Td (T) Tj ET Q q 0 0 0 rg BT 363.40 540.60 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 432.85 540.60 Td (Act \(the "T) Tj ET Q q 0 0 0 rg BT 477.33 540.60 Td (ax ) Tj ET Q q 0 0 0 rg BT 488.71 540.60 Td (Act"\) requiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 528.60 Td (the inclusion of certain foreign earnings in U.S. taxable income first applied in fiscal year 2018. ) Tj ET Q q 0 0 0 rg BT 435.04 528.60 Td (The GIL) Tj ET Q q 0 0 0 rg BT 468.83 528.60 Td (TI tax was accounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 516.60 Td (for as incurred under the period cost method. ) Tj ET Q q 0 0 0 rg BT 236.76 516.60 Td (The Company's valuation allowance analysis is af) Tj ET Q q 0 0 0 rg BT 436.11 516.60 Td (fected by various aspects of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 504.60 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 504.60 Td (ax ) Tj ET Q q 0 0 0 rg BT 66.30 504.60 Td (Act, including the new limitation on the deductibility of interest expense and the impact of GIL) Tj ET Q q 0 0 0 rg BT 446.95 504.60 Td (TI. ) Tj ET Q q 0 0 0 rg BT 461.20 504.60 Td (Those adjustments may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.60 Td (materially impact the provision for income taxes and the ef) Tj ET Q q 0 0 0 rg BT 285.63 492.60 Td (fective tax rate in the period in which the adjustments are made.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 471.60 Td (Recently Issued ) Tj ET Q q 0 0 0 rg BT 140.89 471.60 Td (Accounting Standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 450.60 Td (In December 2019, the Financial ) Tj ET Q q 0 0 0 rg BT 205.29 450.60 Td (Accounting Standards Board \("F) Tj ET Q q 0 0 0 rg BT 335.55 450.60 Td (ASB"\) issued ) Tj ET Q q 0 0 0 rg BT 391.87 450.60 Td (ASU 2019-12, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 452.70 450.60 Td (Income T) Tj ET Q q 0 0 0 rg BT 489.28 450.60 Td (axes \(T) Tj ET Q q 0 0 0 rg BT 517.52 450.60 Td (opic 740\): ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (Simplifying the ) Tj ET Q q 0 0 0 rg BT 112.09 438.60 Td (Accounting for Income T) Tj ET Q q 0 0 0 rg BT 210.87 438.60 Td (axes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.14 438.60 Td (\("ASU 2019-12"\). ) Tj ET Q q 0 0 0 rg BT 306.25 438.60 Td (ASU 2019-12 simplifies the accounting for income taxes by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (removing certain exceptions to general principles in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 259.71 426.60 Td (Income T) Tj ET Q q 0 0 0 rg BT 296.28 426.60 Td (axes \(T) Tj ET Q q 0 0 0 rg BT 324.52 426.60 Td (opic 740\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.57 426.60 Td (It also clarifies and amends existing guidance to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (improve consistent application. ) Tj ET Q q 0 0 0 rg BT 177.07 414.60 Td (The guidance is ef) Tj ET Q q 0 0 0 rg BT 250.47 414.60 Td (fective for fiscal years beginning after December 15, 2020, and interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (periods within those fiscal years. ) Tj ET Q q 0 0 0 rg BT 183.18 402.60 Td (The Company does not expect this standard to have a material impact on the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (consolidated results of operations or financial position. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 369.60 Td (In ) Tj ET Q q 0 0 0 rg BT 82.28 369.60 Td (August 2018, the F) Tj ET Q q 0 0 0 rg BT 158.21 369.60 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 207.11 369.60 Td (ASU 2018-15, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 267.94 369.60 Td (Intangibles - Goodwill and Other - Internal-Use Softwar) Tj ET Q q 0 0 0 rg BT 494.50 369.60 Td (e \(Subtopic ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 357.60 Td (350-40\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.16 357.60 Td ( \("ASU 2018-15"\). ) Tj ET Q q 0 0 0 rg BT 158.77 357.60 Td (ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 345.60 Td (arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 333.60 Td (internal-use software. ) Tj ET Q q 0 0 0 rg BT 138.45 333.60 Td (The guidance is ef) Tj ET Q q 0 0 0 rg BT 211.85 333.60 Td (fective for fiscal years beginning after December 15, 2019, and interim periods within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 321.60 Td (those fiscal years. ) Tj ET Q q 0 0 0 rg BT 123.18 321.60 Td (The standard will not have a material impact on the Company's consolidated results of operations or financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 309.60 Td (position. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 288.60 Td (In ) Tj ET Q q 0 0 0 rg BT 82.28 288.60 Td (August 2018, the F) Tj ET Q q 0 0 0 rg BT 158.21 288.60 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 207.11 288.60 Td (ASU 2018-14, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 267.94 288.60 Td (Compensation-Retir) Tj ET Q q 0 0 0 rg BT 348.67 288.60 Td (ement Benefits-Defined Benefit Plans-General) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 288.60 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 276.60 Td (\(Subtopic 715-20\): Disclosur) Tj ET Q q 0 0 0 rg BT 166.34 276.60 Td (e Framework-Changes to the Disclosur) Tj ET Q q 0 0 0 rg BT 324.28 276.60 Td (e Requir) Tj ET Q q 0 0 0 rg BT 358.06 276.60 Td (ements for Defined Benefit Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.26 276.60 Td ( \("ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 264.60 Td (2018-14"\). ) Tj ET Q q 0 0 0 rg BT 94.69 264.60 Td (ASU 2018-14 removes certain disclosures that are not considered cost beneficial, clarifies certain required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 252.60 Td (disclosures and adds additional disclosures. ) Tj ET Q q 0 0 0 rg BT 225.96 252.60 Td (The guidance is ef) Tj ET Q q 0 0 0 rg BT 299.35 252.60 Td (fective for fiscal years ending after December 15, 2020. ) Tj ET Q q 0 0 0 rg BT 524.91 252.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 240.60 Td (Company does not expect this standard to have a material impact on the Company's consolidated results of operations or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 228.60 Td (financial position. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 207.60 Td (In ) Tj ET Q q 0 0 0 rg BT 82.28 207.60 Td (August 2018, the F) Tj ET Q q 0 0 0 rg BT 158.21 207.60 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 207.11 207.60 Td (ASU 2018-13, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 267.94 207.60 Td (Fair V) Tj ET Q q 0 0 0 rg BT 293.22 207.60 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 343.12 207.60 Td (ement \(T) Tj ET Q q 0 0 0 rg BT 377.47 207.60 Td (opic 820\): Disclosur) Tj ET Q q 0 0 0 rg BT 459.87 207.60 Td (e FrameworkChanges ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 195.60 Td (to the Disclosur) Tj ET Q q 0 0 0 rg BT 113.02 195.60 Td (e Requir) Tj ET Q q 0 0 0 rg BT 146.80 195.60 Td (ements for Fair V) Tj ET Q q 0 0 0 rg BT 216.52 195.60 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 266.41 195.60 Td (ement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.29 195.60 Td ( \("ASU 2018-13"\). ) Tj ET Q q 0 0 0 rg BT 367.90 195.60 Td (ASU 2018-13 eliminates certain disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 183.60 Td (requirements related to the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 236.54 183.60 Td (, adds new disclosure requirements related to the changes in unrealized gains and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 171.60 Td (losses for recurring Level 3 fair value measurements and disclosing the range and weighted average of significant observable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 159.60 Td (inputs used to develop Level 3 fair value measurements and modifies certain disclosure requirements related to measurement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 147.60 Td (uncertainty for fair value measurements. ) Tj ET Q q 0 0 0 rg BT 213.69 147.60 Td (The guidance is ef) Tj ET Q q 0 0 0 rg BT 287.09 147.60 Td (fective for annual reporting periods and interim periods within those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 135.60 Td (annual periods beginning after December 15, 2019. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 114.60 Td (In June 2016, the F) Tj ET Q q 0 0 0 rg BT 148.20 114.60 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 197.10 114.60 Td (ASU 2016-13, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 257.93 114.60 Td (Financial Instruments-Cr) Tj ET Q q 0 0 0 rg BT 360.06 114.60 Td (edit Losses \(T) Tj ET Q q 0 0 0 rg BT 414.70 114.60 Td (opic326\): Measur) Tj ET Q q 0 0 0 rg BT 488.76 114.60 Td (ement of Cr) Tj ET Q q 0 0 0 rg BT 535.60 114.60 Td (edit ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (Losses on Financial Instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.28 102.60 Td (\("ASU 2016-13"\). ) Tj ET Q q 0 0 0 rg BT 257.39 102.60 Td (ASU 2016-13 modifies the measurement of expected credit losses of certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (financial instruments, including trade receivables. ) Tj ET Q q 0 0 0 rg BT 251.19 90.60 Td (The estimate of expected credit losses will require the consideration of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (historical information, current information and reasonable and supportable forecasts. ) Tj ET Q q 0 0 0 rg BT 390.22 78.60 Td (ASU 2016-13 is ef) Tj ET Q q 0 0 0 rg BT 465.32 78.60 Td (fective for annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (reporting periods and interim periods within those annual periods beginning after December 15, 2019. ) Tj ET Q q 0 0 0 rg BT 460.33 66.60 Td (The standard will not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 54.60 Td (have a material impact on the Company's consolidated results of operations or financial position. ) Tj ET Q endstream endobj 119 0 obj <>] /Rotate 0 /Contents 120 0 R>> endobj 120 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (56) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 690.75 Td (Recently ) Tj ET Q q 0 0 0 rg BT 111.16 690.75 Td (Adopted ) Tj ET Q q 0 0 0 rg BT 149.78 690.75 Td (Accounting Standards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.08 690.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 72.00 676.68 59.43 -9.09 re f /GS0 gs q 0 0 0 rg BT 72.00 669.75 Td (The Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.43 669.75 Td (adopted ) Tj ET Q q 0 0 0 rg BT 165.04 669.75 Td (ASU 2016-02 on December 30, 2018, the first day of fiscal 2019, using the modified retrospective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 657.75 Td (approach, and accordingly) Tj ET Q q 0 0 0 rg BT 154.64 657.75 Td (, information for periods prior to December 30, 2018 are presented under ) Tj ET Q q 0 0 0 rg BT 448.99 657.75 Td (ASC 840, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 490.94 657.75 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.16 657.75 Td ( \("ASC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 645.75 Td (840"\), the predecessor to ) Tj ET Q q 0 0 0 rg BT 151.05 645.75 Td (ASC 842. ) Tj ET Q q 0 0 0 rg BT 192.83 645.75 Td (The Company has elected to use the transition practical expedient. ) Tj ET Q q 0 0 0 rg BT 460.61 645.75 Td (The transition practical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 633.75 Td (expedient allows companies to recognize a cumulative-ef) Tj ET Q q 0 0 0 rg BT 278.67 633.75 Td (fect adjustment to the opening balance of retained earnings in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 621.75 Td (period of adoption rather than the earliest period presented. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 600.75 Td (The Company used the package of practical expedients that allows companies to not reassess: \(1\) whether any expired or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 588.75 Td (existing contracts are or contain leases, \(2\) lease classification for any expired or existing leases and \(3\) initial direct costs for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 576.75 Td (any expired or existing leases. ) Tj ET Q q 0 0 0 rg BT 172.62 576.75 Td (The Company did not elect to adopt the hindsight practical expedient and therefore maintained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 564.75 Td (the lease terms previously determined under ) Tj ET Q q 0 0 0 rg BT 228.33 564.75 Td (ASC 840. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 543.75 Td (Adoption of ) Tj ET Q q 0 0 0 rg BT 122.56 543.75 Td (ASU 2016-02 resulted in recording right-of-use \("ROU"\) lease assets of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.43 543.75 Td ($370.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.32 543.75 Td ( which were written ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 531.75 Td (down to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 531.75 Td ($327.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.39 531.75 Td ( as a result of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.21 531.75 Td ($43.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.10 531.75 Td ( of previous store impairment, excluding taxes, and lease liabilities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.86 531.75 Td ($390.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 519.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 519.75 Td ( as of December 30, 2018. ) Tj ET Q q 0 0 0 rg BT 185.96 519.75 Td (The Company recognized a cumulative-ef) Tj ET Q q 0 0 0 rg BT 354.04 519.75 Td (fect adjustment to the opening balance of retained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 507.75 Td (earnings of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.97 507.75 Td ($29.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.86 507.75 Td ( as of December 30, 2018 as a result of previous store impairment and a previous sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 495.75 Td (leaseback transaction, net of tax ef) Tj ET Q q 0 0 0 rg BT 187.59 495.75 Td (fects. Under ) Tj ET Q q 0 0 0 rg BT 238.40 495.75 Td (ASC 840, the gain on the sale leaseback transaction was deferred over the lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 483.75 Td (term; however under ) Tj ET Q q 0 0 0 rg BT 134.75 483.75 Td (ASC 842, the gain is recognized at the time of sale. ) Tj ET Q q 0 0 0 rg BT 342.20 483.75 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 391.54 483.75 Td (, a retained earnings adjustment to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 471.75 Td (recognize the remaining gain was recorded upon the adoption of ) Tj ET Q q 0 0 0 rg BT 308.86 471.75 Td (ASC 842. ) Tj ET Q q 0 0 0 rg BT 350.63 471.75 Td (The standard did not have a material impact on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 459.75 Td (Company's consolidated results of operations or cash flows. See "Note 13Leases" for additional lease disclosures. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 438.75 Td (In ) Tj ET Q q 0 0 0 rg BT 82.28 438.75 Td (August 2017, the F) Tj ET Q q 0 0 0 rg BT 158.21 438.75 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 207.11 438.75 Td (ASU 2017-12. ) Tj ET Q q 0 0 0 rg BT 267.39 438.75 Td (ASU 2017-12 amends and simplifies hedge accounting guidance in order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.75 Td (to enable entities to better portray the economics of their risk management activities. ) Tj ET Q q 0 0 0 rg BT 390.32 426.75 Td (The Company adopted ) Tj ET Q q 0 0 0 rg BT 483.35 426.75 Td (ASU 2017-12 on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.75 Td (the first day of fiscal year 2019. ) Tj ET Q q 0 0 0 rg BT 178.90 414.75 Td (Adoption resulted in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.62 414.75 Td ($9.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.51 414.75 Td ( of net gains being recorded in cost of sales for fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.75 Td (2019 which would have been recognized in other income \(expense\) - net under previous accounting guidance. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 381.75 Td (2. REVENUE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 360.75 Td (The Company) Tj ET Q q 0 0 0 rg BT 131.21 360.75 Td (s revenue consists of sales of finished products to customers through wholesale and retail channels. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.75 Td (Revenue from the sale of products, including those that are subject to inventory consignment agreements, is recognized when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 336.75 Td (control of the product is transferred to the customer and in an amount that reflects the consideration the Company expects to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.75 Td (entitled in exchange for the product. ) Tj ET Q q 0 0 0 rg BT 196.77 324.75 Td (The Company generally considers control to transfer either when products ship or when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 312.75 Td (products are delivered depending on the shipping terms in the agreement or purchase order) Tj ET Q q 0 0 0 rg BT 412.43 312.75 Td (. ) Tj ET Q q 0 0 0 rg BT 417.25 312.75 Td (The Company considers control to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 300.75 Td (have transferred upon shipment or delivery because the Company has a present right to payment, the customer has legal title to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 288.75 Td (the product, the Company has transferred physical possession of the product, and the customer has the significant risks and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 276.75 Td (rewards of the product. ) Tj ET Q q 0 0 0 rg BT 144.56 276.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.97 276.75 Td (axes imposed by governmental authorities on the Company's revenue-producing activities with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 264.75 Td (customers, such as sales taxes and value added taxes, are excluded from net sales. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.50 243.75 Td (Markdowns.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.67 243.75 Td ( ) Tj ET Q q 0 0 0 rg BT 127.99 243.75 Td (The Company provides markdowns to certain customers in order to facilitate sales of select styles. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 231.75 Td (Markdowns are estimated at the time of sale using historical data and are recorded as a reduction to revenue. ) Tj ET Q q 0 0 0 rg BT 485.82 231.75 Td (The Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 219.75 Td (policy is to record its markdown allowance as a reduction of accounts receivable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.50 198.75 Td (Returns. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.44 198.75 Td (The Company accepts limited returns from customers. ) Tj ET Q q 0 0 0 rg BT 333.20 198.75 Td (The Company continually monitors returns and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.75 Td (maintains a provision for estimated returns based upon historical experience and any specific issues identified. Product returns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.75 Td (are accounted for as reductions to revenue, cost of sales, customer liabilities and an increase to other current assets to the extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.75 Td (the returned product is resalable. ) Tj ET Q q 0 0 0 rg BT 182.60 162.75 Td (While returns have historically been within management's expectations and the provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.75 Td (established, future return rates may dif) Tj ET Q q 0 0 0 rg BT 203.71 150.75 Td (fer from those experienced in the past. In the event that the Company's products are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.75 Td (performing poorly in the retail market and/or it experiences product damages or defects at a rate significantly higher than the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.75 Td (historical rate, the resulting returns could have an adverse impact on the operating results for the period or periods in which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.75 Td (such returns occur) Tj ET Q q 0 0 0 rg BT 122.25 114.75 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.50 93.75 Td (Cooperative ) Tj ET Q q 0 0 0 rg BT 125.66 93.75 Td (Advertising. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.66 93.75 Td (The Company participates in cooperative advertising programs with its major retail customers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 81.75 Td (whereby the Company shares the cost of certain of their advertising and promotional expenses. Certain advertising expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 69.75 Td (which are not considered separate performance obligations are recorded as sales discounts. ) Tj ET Q q 0 0 0 rg BT 414.64 69.75 Td (All other cooperative advertising ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 57.75 Td (expenses are recorded in SG&A. ) Tj ET Q endstream endobj 121 0 obj <>] /Rotate 0 /Contents 122 0 R>> endobj 122 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (57) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.50 713.25 Td (Multiple Performance Obligations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.65 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 225.46 713.25 Td (The Company enters into contracts with customers for its wearable technology that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.25 Td (includes multiple performance obligations. Each distinct performance obligation was determined by whether the customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.25 Td (could benefit from the good or service on its own or together with readily available resources. ) Tj ET Q q 0 0 0 rg BT 427.25 689.25 Td (The Company allocates revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (to each performance obligation based on its relative standalone selling price. ) Tj ET Q q 0 0 0 rg BT 358.10 677.25 Td (The Company) Tj ET Q q 0 0 0 rg BT 417.81 677.25 Td (s process for determining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (standalone selling price considers multiple factors including the Company) Tj ET Q q 0 0 0 rg BT 348.88 665.25 Td (s internal pricing model and market trends that may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (vary depending upon the facts and circumstances related to each performance obligation. Revenue allocated to the hardware ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (and software essential to the functionality of the product represents the majority of the arrangement consideration and is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.25 Td (recognized at the time of product delivery) Tj ET Q q 0 0 0 rg BT 216.56 629.25 Td (, provided the other conditions for revenue recognition have been met. Revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (allocated to free software services provided through the Company's online dashboard and mobile apps as well as revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.25 Td (allocated to the right to receive future unspecified software updates is deferred and recognized on a straight-line basis over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.25 Td (product's estimated usage period of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.21 593.25 Td (two years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.80 593.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 572.25 Td (Licensing Income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.78 572.25 Td ( In fiscal year 2018, the Company entered into a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.49 572.25 Td (seven year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.97 572.25 Td ( agreement to provide hybrid smartwatch ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.25 Td (technology and related support to its customer) Tj ET Q q 0 0 0 rg BT 234.06 560.25 Td (, Citizen ) Tj ET Q q 0 0 0 rg BT 270.26 560.25 Td (W) Tj ET Q q 0 0 0 rg BT 278.89 560.25 Td (atch Co, Ltd. ) Tj ET Q q 0 0 0 rg BT 333.43 560.25 Td (The Company determined the material rights in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.25 Td (contract, which include the infrastructure setup to design and manufacture hybrid watches, are one performance obligation. ) Tj ET Q q 0 0 0 rg BT 546.91 548.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.25 Td (contract contains fixed consideration related to upfront setup and access to the technology) Tj ET Q q 0 0 0 rg BT 408.73 536.25 Td (. ) Tj ET Q q 0 0 0 rg BT 413.55 536.25 Td (The contract also contains variable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.25 Td (consideration related to maintenance and royalties. ) Tj ET Q q 0 0 0 rg BT 255.07 524.25 Td (The total variable consideration was estimated using a probability-weighted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.25 Td (range of possible consideration amounts. ) Tj ET Q q 0 0 0 rg BT 217.89 512.25 Td (The transfer of services takes place at varying times over the duration of the contract. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (The Company uses the input method, using projected labor hours as its measure of progress, to recognize revenue associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.25 Td (with this contract. ) Tj ET Q q 0 0 0 rg BT 123.75 488.25 Td (The Company has determined the input method best reflects the Company's progress towards the completion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.25 Td (of its performance obligation. ) Tj ET Q q 0 0 0 rg BT 170.67 476.25 Td (When this input method is applied, the allocation of revenue is mostly recorded early in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.25 Td (agreement, when the specialization and setup work is being performed, as opposed to later on in the agreement when only the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.25 Td (regular ongoing services are provided.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.50 430.25 Td (Disaggr) Tj ET Q q 0 0 0 rg BT 104.65 430.25 Td (egation of Revenue. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.25 430.25 Td (The Company's revenue disaggregated by major product category and timing of revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.25 Td (recognition was as follows \(in thousands\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 368.75 163.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 368.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 368.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 368.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 368.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 368.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 368.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 368.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 368.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 368.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 338.75 163.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 338.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 338.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 338.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 338.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 338.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 338.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 338.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 338.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 338.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 308.75 163.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 308.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 308.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 308.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 308.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 308.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 308.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 308.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 308.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 278.75 163.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 278.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 278.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 278.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 278.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 278.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 278.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 278.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 278.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 248.75 163.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 248.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 248.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 248.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 248.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 248.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 248.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 248.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 248.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.50 218.75 163.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 218.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 218.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 218.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 218.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 218.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 218.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 218.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 218.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 218.75 59.00 -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 242.5 383.75 m 301.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 383.75 m 305.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 383.75 m 363.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 383.75 m 368.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 383.75 m 426.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 383.75 m 431.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 383.75 m 489.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 383.75 m 494.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 383.75 m 553.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 368.75 m 301.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 368.75 m 363.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 368.75 m 426.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 368.75 m 489.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 368.75 m 494.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 368.75 m 553.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 293.75 m 363.5 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 293.75 m 301.5 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 279.75 m 301.5 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 277.75 m 301.5 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 293.75 m 305.5 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 279.75 m 305.5 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 277.75 m 305.5 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 293.75 m 363.5 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 279.75 m 363.5 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 277.75 m 363.5 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 293.75 m 368.5 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 279.75 m 368.5 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 277.75 m 368.5 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 293.75 m 426.5 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 279.75 m 426.5 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 277.75 m 426.5 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 293.75 m 431.5 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 279.75 m 431.5 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 277.75 m 431.5 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 293.75 m 489.5 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 279.75 m 489.5 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 277.75 m 489.5 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 293.75 m 494.5 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 279.75 m 494.5 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 277.75 m 494.5 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 293.75 m 553.5 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 279.75 m 553.5 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 277.75 m 553.5 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 218.75 m 301.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 204.75 m 301.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 202.75 m 301.5 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 218.75 m 305.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 204.75 m 305.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 202.75 m 305.5 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 218.75 m 363.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 204.75 m 363.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 202.75 m 363.5 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 218.75 m 368.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 204.75 m 368.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 202.75 m 368.5 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 218.75 m 426.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 204.75 m 426.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 202.75 m 426.5 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 218.75 m 431.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 204.75 m 431.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 202.75 m 431.5 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 218.75 m 489.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 204.75 m 489.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 202.75 m 489.5 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 218.75 m 494.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 204.75 m 494.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 202.75 m 494.5 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 218.75 m 553.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 204.75 m 553.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 202.75 m 553.5 202.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.75 388.43 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 390.06 388.43 Td (Y) Tj ET Q q 0 0 0 rg BT 396.54 388.43 Td (ear) Tj ET Q q 0 0 0 rg BT 409.77 388.43 Td ( 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.20 373.43 Td (Americas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.25 373.43 Td (Eur) Tj ET Q q 0 0 0 rg BT 334.83 373.43 Td (ope) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.55 373.43 Td (Asia) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.75 373.43 Td (Corporate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.55 373.43 Td (T) Tj ET Q q 0 0 0 rg BT 518.30 373.43 Td (otal) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 82 357.0833984375 m 135.2763671875 357.0833984375 l s q 0 0 0 rg BT 82.00 358.42 Td (Product ) Tj ET Q q 0 0 0 rg BT 115.52 358.42 Td (T) Tj ET Q q 0 0 0 rg BT 121.19 358.42 Td (ype) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 343.42 Td (W) Tj ET Q q 0 0 0 rg BT 91.04 343.42 Td (atches) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.00 343.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 343.42 Td (769,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 343.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 343.42 Td (557,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.00 343.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 343.42 Td (475,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 343.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 343.42 Td (79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 343.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.60 343.42 Td (1,802,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 328.42 Td (Leathers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 328.42 Td (145,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 328.42 Td (47,308) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 328.42 Td (45,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 328.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.15 328.42 Td (238,619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 313.42 Td (Jewelry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 313.42 Td (24,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 313.42 Td (92,935) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 313.42 Td (5,416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 313.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.15 313.42 Td (123,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 298.42 Td (Other) Tj ET Q BT /F1 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gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 525.5 m 494.5 525.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 523.5 m 494.5 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 539.5 m 553.5 539.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 525.5 m 553.5 525.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 523.5 m 553.5 523.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.75 709.18 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 390.06 709.18 Td (Y) Tj ET Q q 0 0 0 rg BT 396.54 709.18 Td (ear) Tj ET Q q 0 0 0 rg BT 409.77 709.18 Td ( 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.20 694.18 Td (Americas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.25 694.18 Td (Eur) Tj ET Q q 0 0 0 rg BT 334.83 694.18 Td (ope) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.55 694.18 Td (Asia) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.75 694.18 Td (Corporate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.55 694.18 Td (T) Tj ET Q q 0 0 0 rg BT 518.30 694.18 Td (otal) Tj ET Q BT 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(2,033,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 649.17 Td (Leathers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 649.17 Td (171,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 649.17 Td (67,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 649.17 Td (50,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 649.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.15 649.17 Td (289,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 634.17 Td (Jewelry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 634.17 Td (50,266) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 634.17 Td (1) Tj ET Q q 0 0 0 rg BT 332.15 634.17 Td (1) Tj ET Q q 0 0 0 rg BT 337.15 634.17 Td (1,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 634.17 Td (5,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 634.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.15 634.17 Td (167,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 619.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 619.17 Td (15,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 619.17 Td (20,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 619.17 Td (10,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 619.17 Td (5,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 619.17 Td (51,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 604.17 Td (Consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.00 604.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.60 604.17 Td (1,174,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 604.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 604.17 Td (856,291) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.00 604.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 604.17 Td (505,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 604.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 604.17 Td (5,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 604.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.60 604.17 Td (2,541,488) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 82 572.8333984375 m 210.7890625 572.8333984375 l s q 0 0 0 rg BT 82.00 574.17 Td (T) Tj ET Q q 0 0 0 rg BT 87.76 574.17 Td (iming of Revenue Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 559.17 Td (Revenue recognized at a point in time) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.00 559.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.60 559.17 Td (1,172,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 559.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 559.17 Td (855,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.00 559.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 559.17 Td (504,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 559.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 559.17 Td (4,477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 559.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.60 559.17 Td (2,536,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 544.17 Td (Revenue recognized over time) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 544.17 Td (2,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 544.17 Td (1,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 544.17 Td (517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 544.17 Td (740) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 544.17 Td (4,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 529.17 Td (Consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.00 529.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.60 529.17 Td (1,174,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 529.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 529.17 Td (856,291) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.00 529.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 529.17 Td (505,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 529.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 529.17 Td (5,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 529.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.60 529.17 Td (2,541,488) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.50 504.00 Td (Contract Balances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.60 504.00 Td ( ) Tj ET Q q 0 0 0 rg BT 157.05 504.00 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.49 504.00 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.07 504.00 Td (, the Company had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.12 504.00 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.12 504.00 Td ( material contract assets on the consolidated balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.00 Td (sheets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.38 492.00 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.38 492.00 Td ( deferred contract costs. ) Tj ET Q q 0 0 0 rg BT 201.20 492.00 Td (The Company had contract liabilities of \(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.76 492.00 Td ($13.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.66 492.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.09 492.00 Td ($21.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.99 492.00 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.00 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 480.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.52 480.00 Td (December29, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.11 480.00 Td (, respectively) Tj ET Q q 0 0 0 rg BT 278.77 480.00 Td (, related to remaining performance obligations on licensing income, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.00 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.22 468.00 Td ($5.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.11 468.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.55 468.00 Td ($6.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.44 468.00 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.60 468.00 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.18 468.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.62 468.00 Td (December29, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.21 468.00 Td (, respectively) Tj ET Q q 0 0 0 rg BT 434.87 468.00 Td (, primarily related to remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.00 Td (performance obligations on wearable technology products and \(iii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.86 456.00 Td ($3.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.75 456.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.19 456.00 Td ($3.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.08 456.00 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.24 456.00 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.82 456.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 444.00 Td (December29, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 444.00 Td (, respectively) Tj ET Q q 0 0 0 rg BT 180.75 444.00 Td (, related to gift cards issued. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.50 423.00 Td (Shipping and Handling Fees. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.88 423.00 Td (The Company accounts for shipping and handling activities that occur after control of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 411.00 Td (related good transfers as fulfillment activities instead of assessing such activities as performance obligations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 390.00 Td (3. Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 369.00 Td (Inventories consisted of the following \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 345.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 345.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 345.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 345.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 315.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 315.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 315.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 315.50 65.00 -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 428 345.5 m 493 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 345.5 m 562 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 345.5 m 493 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 345.5 m 562 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 300.5 m 493 300.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 286.5 m 493 286.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 284.5 m 493 284.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 300.5 m 562 300.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 286.5 m 562 286.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 284.5 m 562 284.5 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 348.480078125 m 116.72265625 348.480078125 l s q 0 0 0 rg BT 52.50 349.73 Td (At Fiscal ) Tj ET Q q 0 0 0 rg BT 84.64 349.73 Td (Y) Tj ET Q q 0 0 0 rg BT 89.53 349.73 Td (ear) Tj ET Q q 0 0 0 rg BT 100.49 349.73 Td ( End) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 349.73 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 349.73 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 335.17 Td (Components and parts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 335.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 335.17 Td (35,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 335.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 335.17 Td (28,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 320.17 Td (W) Tj ET Q q 0 0 0 rg BT 61.54 320.17 Td (ork-in-process) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 320.17 Td (1) Tj ET Q q 0 0 0 rg BT 466.65 320.17 Td (1,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 320.17 Td (9,458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 305.17 Td (Finished goods) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 305.17 Td (405,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 305.17 Td (339,981) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 290.17 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 290.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 290.17 Td (452,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 290.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 290.17 Td (377,622) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 125 0 obj <>] /Rotate 0 /Contents 126 0 R>> endobj 126 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (59) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (4. ) Tj ET Q q 0 0 0 rg BT 59.32 713.25 Td (W) Tj ET Q q 0 0 0 rg BT 68.77 713.25 Td (arranty Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 692.25 Td (The Company's warranty liabilities are primarily related to watch products and are included in accrued expensesother ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.25 Td (in the consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 189.83 680.25 Td (The Company's watch products are covered by limited warranties against defects in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.25 Td (materials or workmanship. Historically) Tj ET Q q 0 0 0 rg BT 205.48 668.25 Td (, the Company's FOSSIL) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 305.62 672.78 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.56 668.25 Td ( and RELIC) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 358.89 672.78 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.82 668.25 Td ( watch products sold in the U.S. have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.25 Td (covered for warranty periods of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.61 656.25 Td (1) Tj ET Q q 0 0 0 rg BT 183.24 656.25 Td (1 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.84 656.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.28 656.25 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.28 656.25 Td ( years, respectively) Tj ET Q q 0 0 0 rg BT 317.54 656.25 Td (, and SKAGEN brand watches have been covered by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.25 Td (lifetime warranty) Tj ET Q q 0 0 0 rg BT 117.99 644.25 Td (. Beginning in 2017, these brands are covered by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.43 644.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.43 644.25 Td ( year warranty) Tj ET Q q 0 0 0 rg BT 397.52 644.25 Td (. Generally) Tj ET Q q 0 0 0 rg BT 441.30 644.25 Td (, all other products sold in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.25 Td (U.S. and internationally are covered by a comparable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.97 632.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.41 632.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.19 632.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.19 632.25 Td ( year warranty) Tj ET Q q 0 0 0 rg BT 364.28 632.25 Td (. ) Tj ET Q q 0 0 0 rg BT 369.10 632.25 Td (The Company's warranty liability is estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.25 Td (using historical warranty repair expense. ) Tj ET Q q 0 0 0 rg BT 213.89 620.25 Td (As changes occur in sales volumes and warranty costs, the warranty accrual is adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.25 Td (as necessary) Tj ET Q q 0 0 0 rg BT 98.55 608.25 Td (. Due to the nature of connected products, their warranty costs are usually more than traditional products. ) Tj ET Q q 0 0 0 rg BT 523.69 608.25 Td (A) Tj ET Q q 0 0 0 rg BT 530.36 608.25 Td ( shift in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.25 Td (product mix from traditional to connected products generally results in an increase in the Company's warranty liabilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 584.25 Td (arranty liability activity consisted of the following \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 560.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 560.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 560.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 560.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 560.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 560.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 530.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 530.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 530.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 530.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 530.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 530.75 65.00 -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 359 560.75 m 424 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 560.75 m 493 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 560.75 m 562 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 560.75 m 424 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 560.75 m 493 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 560.75 m 562 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 515.75 m 424 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 501.75 m 424 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 499.75 m 424 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 515.75 m 493 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 501.75 m 493 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 499.75 m 493 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 515.75 m 562 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 501.75 m 562 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 499.75 m 562 499.75 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 563.730078125 m 90.119140625 563.730078125 l s q 0 0 0 rg BT 52.50 564.98 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 74.20 564.98 Td (Y) Tj ET Q q 0 0 0 rg BT 79.09 564.98 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.00 564.98 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 564.98 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 564.98 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 550.42 Td (Beginning balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 550.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 550.42 Td (22,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 550.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 550.42 Td (19,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 550.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 550.42 Td (15,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 535.42 Td (Settlements in cash or kind) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 535.47 Td (\(18,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 535.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 535.47 Td (\(15,197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 535.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 535.47 Td (\(15,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 535.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 520.42 Td (W) Tj ET Q q 0 0 0 rg BT 61.14 520.42 Td (arranties issued and adjustments to preexisting warranties) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 291.63 524.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 520.42 Td (18,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 520.42 Td (18,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 520.42 Td (19,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 505.42 Td (Ending balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 505.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 505.42 Td (23,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 505.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 505.42 Td (22,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 505.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 505.42 Td (19,405) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 491.65 Td (____________________________________________) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 49.50 484.18 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 479.65 Td (Changes in cost estimates related to preexisting warranties are aggregated with accruals for new standard warranties issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 467.65 Td (and foreign currency changes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 446.65 Td (5. Pr) Tj ET Q q 0 0 0 rg BT 69.87 446.65 Td (epaid Expenses and Other) Tj ET Q q 0 0 0 rg BT 181.65 446.65 Td ( Curr) Tj ET Q q 0 0 0 rg BT 205.63 446.65 Td (ent ) Tj ET Q q 0 0 0 rg BT 220.91 446.65 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 425.65 Td (Prepaid expenses and other current assets consisted of the following \(in thousands\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 402.15 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 402.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 402.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 402.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 372.15 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 372.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 372.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 372.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 342.15 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 342.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 342.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 342.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 310.15 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 310.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 310.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 310.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 280.15 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 280.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 280.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 280.15 65.00 -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 428 402.15 m 493 402.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 402.15 m 562 402.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 402.15 m 493 402.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 402.15 m 562 402.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 265.15 m 493 265.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 251.14999999999998 m 493 251.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 249.14999999999998 m 493 249.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 265.15 m 562 265.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 251.14999999999998 m 562 251.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 249.14999999999998 m 562 249.14999999999998 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 405.13007812499995 m 116.72265625 405.13007812499995 l s q 0 0 0 rg BT 52.50 406.38 Td (At Fiscal ) Tj ET Q q 0 0 0 rg BT 84.64 406.38 Td (Y) Tj ET Q q 0 0 0 rg BT 89.53 406.38 Td (ear) Tj ET Q q 0 0 0 rg BT 100.49 406.38 Td ( End) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 406.38 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 406.38 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 391.82 Td (Prepaid royalties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 391.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 391.82 Td (22,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 391.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 391.82 Td (43,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 376.82 Td (Prepaid taxes and tax receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 376.82 Td (34,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 376.82 Td (37,587) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 361.82 Td (Other receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 361.82 Td (10,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 361.82 Td (7,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 346.82 Td (Forward contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 346.82 Td (3,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 346.82 Td (9,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 331.82 Td (Inventory returns) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 331.82 Td (22,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 331.82 Td (23,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 314.82 Td (Prepaid rent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 314.82 Td (429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 314.82 Td (7,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 299.82 Td (Property held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 299.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 299.82 Td (1,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 284.82 Td (Short term deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 284.82 Td (1,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 284.82 Td (876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 269.82 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 269.82 Td (21,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 269.82 Td (19,347) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 254.82 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 254.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 254.82 Td (1) Tj ET Q q 0 0 0 rg BT 461.65 254.82 Td (17,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 254.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 254.82 Td (149,552) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 127 0 obj <>] /Rotate 0 /Contents 128 0 R>> endobj 128 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (60) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (6. Pr) Tj ET Q q 0 0 0 rg BT 69.87 713.25 Td (operty) Tj ET Q q 0 0 0 rg BT 97.08 713.25 Td (, Plant and Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 692.25 Td (Property) Tj ET Q q 0 0 0 rg BT 107.29 692.25 Td (, plant and equipmentnet consisted of the following \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 668.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 668.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 668.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 668.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 638.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 638.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 638.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 638.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 608.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 608.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 608.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 608.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 578.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 578.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 578.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 578.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 548.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 548.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 548.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 548.75 65.00 -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 428 668.75 m 493 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 668.75 m 562 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 668.75 m 493 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 668.75 m 562 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 563.75 m 493 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 563.75 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 428 533.75 m 493 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 519.75 m 493 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 517.75 m 493 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 533.75 m 562 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 519.75 m 562 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 517.75 m 562 517.75 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 671.730078125 m 116.72265625 671.730078125 l s q 0 0 0 rg BT 52.50 672.98 Td (At Fiscal ) Tj ET Q q 0 0 0 rg BT 84.64 672.98 Td (Y) Tj ET Q q 0 0 0 rg BT 89.53 672.98 Td (ear) Tj ET Q q 0 0 0 rg BT 100.49 672.98 Td ( End) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 672.98 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 672.98 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 658.42 Td (Land) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 658.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 658.42 Td (7,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 658.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 658.42 Td (7,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 643.42 Td (Buildings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 643.42 Td (37,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 643.42 Td (37,766) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 628.42 Td (Machinery and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 628.42 Td (39,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 628.42 Td (39,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 613.42 Td (Furniture and fixtures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 613.42 Td (96,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 613.42 Td (102,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 598.42 Td (Computer equipment and software) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 598.42 Td (235,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 598.42 Td (243,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 583.42 Td (Leasehold improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 583.42 Td (192,1) Tj ET Q q 0 0 0 rg BT 479.15 583.42 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 583.42 Td (198,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 568.42 Td (Construction in progress) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 568.42 Td (7,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 568.42 Td (7,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 553.42 Td (616,413) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 553.42 Td (636,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 538.42 Td (Less accumulated depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 538.42 Td (464,913) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 538.42 Td (453,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 523.42 Td (Property) Tj ET Q q 0 0 0 rg BT 86.29 523.42 Td (, plant and equipment-net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 523.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 523.42 Td (151,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 523.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 523.42 Td (183,203) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 129 0 obj <>] /Rotate 0 /Contents 130 0 R>> endobj 130 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT 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0.8941176470588236 1 rg /GS0 gs 448.00 346.75 55.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 503.00 346.75 4.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 507.00 346.75 55.00 -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 330 667.75 m 385 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 667.75 m 389 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 667.75 m 444 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 667.75 m 503 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 667.75 m 507 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 667.75 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 271 646.75 m 326 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 646.75 m 385 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 667.75 m 444 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 646.75 m 444 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 646.75 m 503 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 667.75 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 507 646.75 m 562 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 541.75 m 385 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 526.75 m 385 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 541.75 m 444 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 526.75 m 444 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 541.75 m 503 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 526.75 m 503 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 541.75 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 507 526.75 m 562 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 496.75 m 385 496.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 496.75 m 503 496.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 376.75 m 385 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 361.75 m 385 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 361.75 m 444 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 376.75 m 503 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 361.75 m 503 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 361.75 m 562 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 347.75 m 385 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 345.75 m 385 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 361.75 m 444 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 347.75 m 444 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 345.75 m 444 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 361.75 m 503 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 347.75 m 503 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 345.75 m 503 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 361.75 m 562 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 347.75 m 562 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 345.75 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 389 332.75 m 444 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 330.75 m 444 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 345.75 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 507 347.75 m 562 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 332.75 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 507 330.75 m 562 330.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 672.43 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.50 671.98 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.50 671.98 Td (2018) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 649.730078125 m 116.72265625 649.730078125 l s q 0 0 0 rg BT 52.50 650.98 Td (At Fiscal ) Tj ET Q q 0 0 0 rg BT 84.64 650.98 Td (Y) Tj ET Q q 0 0 0 rg BT 89.53 650.98 Td (ear) Tj ET Q q 0 0 0 rg BT 100.49 650.98 Td ( End) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.10 658.98 Td (Useful) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.85 650.98 Td (Lives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.05 658.98 Td (Gr) Tj ET Q q 0 0 0 rg BT 356.68 658.98 Td (oss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.95 650.98 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.30 658.98 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.10 650.98 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.05 658.98 Td (Gr) Tj ET Q q 0 0 0 rg BT 474.68 658.98 Td (oss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.95 650.98 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.30 658.98 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.10 650.98 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 636.42 Td (Intangibles-subject to amortization:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 621.42 Td (T) Tj ET Q q 0 0 0 rg BT 64.43 621.42 Td (rademarks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.25 621.42 Td (10 yrs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 621.42 Td (3,612) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 621.42 Td (2,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 621.42 Td (4,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 621.42 Td (3,859) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 606.42 Td (Customer lists) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.90 606.42 Td (5-10 yrs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 606.42 Td (52,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 606.42 Td (44,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 606.42 Td (52,635) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 606.42 Td (38,028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 591.42 Td (Patents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.90 591.42 Td (3-20 yrs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 591.42 Td (2,308) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 591.42 Td (1,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 591.42 Td (2,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 591.42 Td (2,154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 576.42 Td (Developed technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.25 576.42 Td (7 yrs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 576.42 Td (2,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 576.42 Td (548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 576.42 Td (36,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 576.42 Td (15,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 561.42 Td (T) Tj ET Q q 0 0 0 rg BT 64.43 561.42 Td (rade name) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.25 561.42 Td (6 yrs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 561.42 Td (4,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 561.42 Td (188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 561.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 561.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 546.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.90 546.42 Td (7-20 yrs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 546.42 Td (383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 546.42 Td (272) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 546.42 Td (261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 546.42 Td (247) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 531.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 531.42 Td (otal intangibles-subject to amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 531.42 Td (65,515) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 531.42 Td (49,951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 531.42 Td (95,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 531.42 Td (59,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 516.42 Td (Intangibles-not subject to amortization:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 501.42 Td (T) Tj ET Q q 0 0 0 rg BT 64.43 501.42 Td (rade names) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 501.42 Td (1) Tj ET Q q 0 0 0 rg BT 358.65 501.42 Td (1,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 501.42 Td (32,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 486.42 Td (Other assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 471.42 Td (Other deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 471.42 Td (18,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 471.42 Td (19,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 456.42 Td (Deferred compensation plan assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 456.42 Td (5,243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 456.42 Td (4,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 441.42 Td (Deferred tax asset-net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 441.42 Td (38,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 441.42 Td (23,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 426.42 Td (Restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 426.42 Td (7,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 426.42 Td (7,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 411.42 Td (T) Tj ET Q q 0 0 0 rg BT 64.26 411.42 Td (ax receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 411.42 Td (6,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 411.42 Td (7,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 396.42 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 396.42 Td (500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 396.42 Td (500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 381.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 381.42 Td (2,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 381.42 Td (2,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 366.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 366.42 Td (otal other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 366.42 Td (78,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 366.42 Td (65,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 351.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 351.42 Td (otal intangible and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 351.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 351.42 Td (155,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 351.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 351.42 Td (49,951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 351.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 351.42 Td (193,185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 351.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 351.42 Td (59,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 336.42 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 336.42 Td (otal intangible and other assets-net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 336.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 336.42 Td (105,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 336.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 336.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 336.42 Td (133,426) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 311.25 Td (During fiscal year 2019, the Company impaired the SKAGEN trade name down to the implied fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.38 311.25 Td ($4.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.27 311.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.25 Td (as a result of a continued decline in performance throughout fiscal year 2019 and a challenging market dynamic that is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.25 Td (expected to improve in the near) Tj ET Q q 0 0 0 rg BT 175.64 287.25 Td (-term. Concurrent with the impairment testing, the Company determined the trade name would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.25 Td (no longer have an indefinite useful life. ) Tj ET Q q 0 0 0 rg BT 211.39 275.25 Td (As a result of the change in estimate, the useful life of the trade name changed from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.25 Td (indefinite to definite, and the trade name will be fully amortized on a straight-line basis over the estimated useful life of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.46 263.25 Td (6 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.06 263.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 241.25 Td (Amortization expense for intangible assets was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.82 241.25 Td ($7.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.71 241.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.71 241.25 Td ($1) Tj ET Q q 0 0 0 rg BT 388.34 241.25 Td (1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.23 241.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.67 241.25 Td ($13.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.56 241.25 Td ( for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 229.25 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.10 229.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.10 229.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.10 229.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.10 229.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.54 229.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.54 229.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 210.20 229.25 Td (. Estimated aggregate future amortization expense by fiscal year for intangible assets is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.25 Td (as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 200.50 185.75 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 185.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.50 155.75 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 155.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.50 125.75 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 125.75 70.00 -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 340.5 185.75 m 410.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200.5 185.75 m 340.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 185.75 m 410.5 185.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.00 189.98 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 224.70 189.98 Td (Y) Tj ET Q q 0 0 0 rg BT 229.59 189.98 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.10 197.98 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.75 189.98 Td (Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 175.42 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.00 175.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 175.42 Td (6,833) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 160.42 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 160.42 Td (3,003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 145.42 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 145.42 Td (2,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 130.42 Td (2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 130.42 Td (1,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 115.42 Td (2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 115.42 Td (1,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.00 100.42 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 100.42 Td (1,448) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 75.25 Td (On January 16, 2019, the Company sold intellectual property related to a smartwatch technology under development by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 63.25 Td (the Company to Google, Inc. for a cash purchase price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.81 63.25 Td ($40.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.70 63.25 Td (. ) Tj ET Q q 0 0 0 rg BT 339.15 63.25 Td (As a result of the sale, the Company reduced intangible ) Tj ET Q endstream endobj 131 0 obj <>] /Rotate 0 /Contents 132 0 R>> endobj 132 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (assets by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.83 713.10 Td ($18.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.72 713.10 Td ( and recorded a gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.12 713.10 Td ($21.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.01 713.10 Td ( in other income \(expense\) - net in the Company's consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (statements of income \(loss\) and comprehensive income \(loss\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (8. Derivatives and Risk Management) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 647.10 Td (Cash Flow Hedges.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.89 647.10 Td () Tj ET Q q 0 0 0 rg BT 164.71 647.10 Td (The primary risks managed by using derivative instruments are the fluctuations in global ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 635.10 Td (currencies that will ultimately be used by non-U.S. dollar functional currency subsidiaries to settle future payments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 623.10 Td (intercompany inventory transactions denominated in U.S. dollars. Specifically) Tj ET Q q 0 0 0 rg BT 362.11 623.10 Td (, the Company projects future intercompany ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 611.10 Td (purchases by its non-U.S. dollar functional currency subsidiaries generally over a period of up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.11 611.10 Td (24 months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.06 611.10 Td (. ) Tj ET Q q 0 0 0 rg BT 485.88 611.10 Td (The Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.10 Td (enters into forward contracts generally for up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.32 599.10 Td (85%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 599.10 Td ( of its forecasted purchases to manage fluctuations in global currencies that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 587.10 Td (will ultimately be used to settle such U.S. dollar denominated inventory purchases. ) Tj ET Q q 0 0 0 rg BT 383.04 587.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 432.95 587.10 Td (, the Company enters into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 575.10 Td (forward contracts to manage fluctuations in Japanese yen exchange rates that will be used to settle future third-party inventory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.10 Td (component purchases by a U.S. dollar functional currency subsidiary) Tj ET Q q 0 0 0 rg BT 324.89 563.10 Td (.Forward contractsrepresent agreements to exchange the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.10 Td (currency of one country for the currency of another country at an agreed-upon settlement date and exchange rate. ) Tj ET Q q 0 0 0 rg BT 504.39 551.10 Td (Theseforward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.10 Td (contractsare designated as single cash flow hedges. Fluctuations in exchange rates will either increase or decrease the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 527.10 Td (s U.S. dollar equivalent cash flows from these inventory transactions, which will af) Tj ET Q q 0 0 0 rg BT 423.96 527.10 Td (fect the Company) Tj ET Q q 0 0 0 rg BT 497.83 527.10 Td (s U.S. dollar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.10 Td (earnings. Gains or losses on theforward contractsare expected to of) Tj ET Q q 0 0 0 rg BT 322.56 515.10 Td (fset these fluctuations to the extent the cash flows are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 503.10 Td (hedged by theforward contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 482.10 Td (These forward contracts meet the criteria for hedge accounting, which requires that they represent foreign currency-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 470.10 Td (denominated forecasted transactions in which \(i\)the operating unit that has the foreign currency exposure is a party to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 458.10 Td (hedging instrument and \(ii\)the hedged transaction is denominated in a currency other than the hedging unit's functional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 446.10 Td (currency) Tj ET Q q 0 0 0 rg BT 83.83 446.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 425.10 Td (At the inception of each forward contract designated as a cash flow hedge, the hedging relationship is expected to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (highly ef) Tj ET Q q 0 0 0 rg BT 85.14 413.10 Td (fective in achieving of) Tj ET Q q 0 0 0 rg BT 174.65 413.10 Td (fsetting cash flows attributable to the hedged risk. ) Tj ET Q q 0 0 0 rg BT 376.36 413.10 Td (The Company assesses hedge ef) Tj ET Q q 0 0 0 rg BT 505.03 413.10 Td (fectiveness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (under the critical terms matched method at inception and at least quarterly throughout the life of the hedging relationship. If the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (critical terms \(i.e.,amounts, currencies and settlement dates\) of the forward contract match the terms of the forecasted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (transaction, the Company concludes that the hedge is ef) Tj ET Q q 0 0 0 rg BT 272.31 377.10 Td (fective. Hedge accounting is discontinued if it is determined that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (derivative is not highly ef) Tj ET Q q 0 0 0 rg BT 152.07 365.10 Td (fective.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 344.10 Td (For a derivative instrument that is designated and qualifies as a cash flow hedge, the gain or loss on the derivative is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (reported as a component of other comprehensive income \(loss\), net of taxes and reclassified into earnings in the same period or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (periods during which the hedged transaction af) Tj ET Q q 0 0 0 rg BT 237.04 320.10 Td (fects earnings. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 299.10 Td (All derivative instruments are recognized as either assets or liabilities at fair value in the consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 544.54 299.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.10 Td (Company records all forward contract hedge assets and liabilities on a gross basis as they do not meet the balance sheet netting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (criteria because the Company does not have master netting agreements established with the derivative counterparties that would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (allow for net settlement. Derivatives designated as cash flow hedges are recorded at fair value at each balance sheet date and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (the change in fair value is recorded to accumulated other comprehensive income \(loss\) within the equity section of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.10 Td (Company's consolidated balance sheets until such derivative's gains or losses become realized or the cash flow hedge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.10 Td (relationship is terminated. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 206.10 Td (If the cash flow hedge relationship is terminated, the derivative's gains or losses that are recorded in accumulated other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 194.10 Td (comprehensive income \(loss\) will be immediately recognized in earnings. ) Tj ET Q q 0 0 0 rg BT 347.00 194.10 Td (There were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.75 194.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.75 194.10 Td ( gains or losses reclassified into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 182.10 Td (earnings for fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.79 182.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.79 182.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.12 182.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.12 182.10 Td ( and a gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.04 182.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.94 182.10 Td ( for fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.46 182.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.46 182.10 Td ( was recognized as a result of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.10 Td (discontinuance of cash flow hedges. ) Tj ET Q endstream endobj 133 0 obj <>] /Rotate 0 /Contents 134 0 R>> endobj 134 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 690.60 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.94 690.60 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.53 690.60 Td (, the Company had the following outstanding forward contracts designated as cash flow hedges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (that were entered into to hedge the future payments of intercompany inventory transactions \(in millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 642.10 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.00 642.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 642.10 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 642.10 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 642.10 158.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 642.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 642.10 58.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 627.10 156.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 287.00 627.10 158.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 612.10 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.00 612.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 612.10 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 612.10 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 612.10 158.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 612.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 612.10 58.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 597.10 156.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 287.00 597.10 158.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 582.10 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.00 582.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 582.10 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 582.10 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 582.10 158.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 582.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 582.10 58.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 567.10 156.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 287.00 567.10 158.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 552.10 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.00 552.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 552.10 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 552.10 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 552.10 158.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 552.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 552.10 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 655.1 m 206 655.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 655.1 m 210 655.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 655.1 m 267 655.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 655.1 m 445 655.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 655.1 m 449 655.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 655.1 m 507 655.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 642.1 m 206 642.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 642.1 m 267 642.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 642.1 m 445 642.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 642.1 m 507 642.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 642.1 m 267 642.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 642.1 m 507 642.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 122.15 659.33 Td (Functional Curr) Tj ET Q q 0 0 0 rg BT 178.30 659.33 Td (ency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.80 659.33 Td (Contract Curr) Tj ET Q q 0 0 0 rg BT 413.71 659.33 Td (ency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 646.33 Td (T) Tj ET Q q 0 0 0 rg BT 57.54 646.33 Td (ype) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.95 646.33 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.50 646.33 Td (T) Tj ET Q q 0 0 0 rg BT 294.24 646.33 Td (ype) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.45 646.33 Td (Amount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 631.77 Td (Euro) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 631.77 Td (106.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 631.77 Td (U.S. dollar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 631.77 Td (122.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 616.77 Td (Canadian dollar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.65 616.77 Td (41.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 616.77 Td (U.S. dollar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 616.77 Td (31.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 601.77 Td (British pound) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.65 601.77 Td (13.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 601.77 Td (U.S. dollar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 601.77 Td (17.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 586.77 Td (Japanese yen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.15 586.77 Td (1,320.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 586.77 Td (U.S. dollar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 586.77 Td (12.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 571.77 Td (Mexican peso) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 571.77 Td (167.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 571.77 Td (U.S. dollar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 571.77 Td (8.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 556.77 Td (Australian dollar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.65 556.77 Td (6.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 556.77 Td (U.S. dollar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 556.77 Td (4.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 541.77 Td (U.S. dollar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.65 541.77 Td (18.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 541.77 Td (Japanese ) Tj ET Q q 0 0 0 rg BT 327.17 541.77 Td (Y) Tj ET Q q 0 0 0 rg BT 333.39 541.77 Td (en) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 541.77 Td (1,985.0) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 516.60 Td (Non-designated Hedges.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.28 516.60 Td () Tj ET Q q 0 0 0 rg BT 186.10 516.60 Td (The Company also periodically enters into forward contracts to manage exchange rate risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 504.60 Td (associated with certain intercompany transactions and for which the Company does not elect hedge accounting treatment. ) Tj ET Q q 0 0 0 rg BT 537.40 504.60 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.60 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 492.60 Td (, the Company had non-designated forward contracts of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.55 492.60 Td ($1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.44 492.60 Td ( on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.44 492.60 Td (22.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.34 492.60 Td ( rand, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.60 Td (and as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.10 480.60 Td (December29, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.68 480.60 Td (, the Company had non-designated forward contracts of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 480.60 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.04 480.60 Td ( on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.04 480.60 Td (17.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 468.60 Td ( rand associated with a South ) Tj ET Q q 0 0 0 rg BT 197.26 468.60 Td (African rand-denominated foreign subsidiary) Tj ET Q q 0 0 0 rg BT 377.38 468.60 Td (. Changes in the fair value of derivatives not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.60 Td (designated as hedging instruments are recognized in earnings when they occur) Tj ET Q q 0 0 0 rg BT 362.73 456.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 435.60 Td (The ef) Tj ET Q q 0 0 0 rg BT 97.63 435.60 Td (fective portion of gains and losses on cash flow hedges that were recognized in other comprehensive income \(loss\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.60 Td (net of taxes during fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.46 423.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.46 423.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.46 423.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.46 423.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.89 423.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.89 423.60 Td ( are set forth below \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 384.10 252.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 384.10 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 384.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 384.10 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 384.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 384.10 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 354.10 252.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 354.10 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 354.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 354.10 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 354.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 354.10 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 302 384.1 m 379 384.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 384.1 m 459 384.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 384.1 m 540 384.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 339.1 m 379 339.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 315.1 m 379 315.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 313.1 m 379 313.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 339.1 m 459 339.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 315.1 m 459 315.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 313.1 m 459 313.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 339.1 m 463 339.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 315.1 m 463 315.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 313.1 m 463 313.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 339.1 m 540 339.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 315.1 m 540 315.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 313.1 m 540 313.1 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 387.080078125 m 90.119140625 387.080078125 l s q 0 0 0 rg BT 52.50 388.33 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 74.20 388.33 Td (Y) Tj ET Q q 0 0 0 rg BT 79.09 388.33 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.00 388.33 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.50 388.33 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.00 388.33 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 373.77 Td (Cash flow hedges:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 358.77 Td (Forward contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.50 358.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.65 358.77 Td (6,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.50 358.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 358.77 Td (18,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 358.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.30 358.82 Td (\(25,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 358.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 343.77 Td (Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 343.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 343.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 343.77 Td (278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 328.77 Td (T) Tj ET Q q 0 0 0 rg BT 69.91 328.77 Td (otal gain \(loss\) recognized in other comprehensive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 318.77 Td (income \(loss\), net of taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.50 318.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.65 318.77 Td (6,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.50 318.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 318.77 Td (18,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 318.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.30 318.82 Td (\(24,810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 318.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 135 0 obj <>] /Rotate 0 /Contents 136 0 R>> endobj 136 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 690.60 Td (The following table illustrates the ef) Tj ET Q q 0 0 0 rg BT 218.55 690.60 Td (fective portion of gains and losses on derivative instruments recorded in other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (comprehensive income \(loss\), net of taxes during the term of the hedging relationship and reclassified into earnings, and gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (and losses on derivatives not designated as hedging instruments recorded directly to earnings during fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.49 666.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.49 666.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.49 666.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.49 666.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 654.60 Td ( \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 585.10 88.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 138.00 585.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 142.00 585.10 72.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 585.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 585.10 99.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 585.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 585.10 55.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 585.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 585.10 55.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 585.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 585.10 56.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 511.10 88.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 138.00 511.10 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 142.00 511.10 72.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 511.10 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 511.10 99.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 511.10 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 511.10 55.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 511.10 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 511.10 55.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 511.10 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 511.10 56.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 445.10 88.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 138.00 445.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 142.00 445.10 72.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 445.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 445.10 99.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 445.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 445.10 55.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 445.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 445.10 55.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 445.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 445.10 56.00 -37.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 585.1 m 138 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 142 585.1 m 214 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 585.1 m 317 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 585.1 m 376 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 585.1 m 435 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 585.1 m 495 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 585.1 m 376 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 585.1 m 435 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 585.1 m 495 585.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 589.33 Td (DerivativeInstruments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 155.05 636.18 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 154.25 628.18 Td (Statements of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 153.35 620.18 Td (Income \(Loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 171.05 612.18 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 150.90 604.18 Td (Compr) Tj ET Q q 0 0 0 rg BT 175.20 604.18 Td (ehensive) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 153.35 596.18 Td (Income \(Loss\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 162.35 588.18 Td (Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.65 597.33 Td (EffectofDerivative) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.10 589.33 Td (Instruments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.20 597.33 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 351.05 597.33 Td (Y) Tj ET Q q 0 0 0 rg BT 356.23 597.33 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.00 589.33 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.20 597.33 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 410.05 597.33 Td (Y) Tj ET Q q 0 0 0 rg BT 415.23 597.33 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.00 589.33 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.70 597.33 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 469.40 597.33 Td (Y) Tj ET Q q 0 0 0 rg BT 474.29 597.33 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.50 589.33 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 577.05 Td (Forward contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 569.05 Td (designated as cash flow) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 561.05 Td (hedging instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.50 577.05 Td (Cost of sales ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 187.39 580.68 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 577.05 Td (T) Tj ET Q q 0 0 0 rg BT 225.11 577.05 Td (otal gain \(loss\) reclassified) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 569.05 Td (from accumulated other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 561.05 Td (comprehensive income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 553.05 Td (\(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.50 552.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 552.77 Td (9,939) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 552.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 552.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 552.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 552.77 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 540.05 Td (Forward contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 532.05 Td (designated as cash flow) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 524.05 Td (hedging instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.50 540.05 Td (Other income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.50 532.05 Td (\(expense\)-net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 540.05 Td (T) Tj ET Q q 0 0 0 rg BT 225.11 540.05 Td (otal gain \(loss\) reclassified) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 532.05 Td (from accumulated other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 524.05 Td (comprehensive income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 516.05 Td (\(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.50 515.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 515.77 Td (1,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 515.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.30 515.82 Td (\(2,629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 515.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 515.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.30 515.82 Td (\(4,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 515.77 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 503.05 Td (Forward contracts not) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 495.05 Td (designated as hedging) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 487.05 Td (instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.50 503.05 Td (Other income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.50 495.05 Td (\(expense\)-net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 503.05 Td (T) Tj ET Q q 0 0 0 rg BT 225.11 503.05 Td (otal gain \(loss\) recognized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 495.05 Td (in income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.50 486.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.80 486.82 Td (\(88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 486.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 486.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 486.77 Td (244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 486.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 486.82 Td (\(652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 486.77 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 474.05 Td (Interest rate swap) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 466.05 Td (designated as a cash flow) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 458.05 Td (hedging instrument) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.50 474.05 Td (Interest expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 474.05 Td (T) Tj ET Q q 0 0 0 rg BT 225.11 474.05 Td (otal gain \(loss\) reclassified) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 466.05 Td (from accumulated other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 458.05 Td (comprehensive income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 450.05 Td (\(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.50 449.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 449.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 449.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 449.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 449.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 449.82 Td (\(260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 449.77 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 437.05 Td (Interest rate swap not) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 429.05 Td (designated as a cash flow) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 421.05 Td (hedging instrument) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.50 437.05 Td (Other income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.50 429.05 Td (\(expense\)-net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 437.05 Td (T) Tj ET Q q 0 0 0 rg BT 225.11 437.05 Td (otal gain \(loss\) recognized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 429.05 Td (in income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.50 412.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 412.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 412.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 412.77 Td (67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 412.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 412.77 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 400.05 Td (Interest rate swap not) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 392.05 Td (designated as a cash flow) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 384.05 Td (hedging instrument) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.50 400.05 Td (Other income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.50 392.05 Td (\(expense\)-net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 400.05 Td (T) Tj ET Q q 0 0 0 rg BT 224.83 400.05 Td (otal gain \(loss\) reclassified) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 392.05 Td (from accumulated other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 384.05 Td (comprehensive income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 376.05 Td (\(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.50 375.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 375.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 375.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 375.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 375.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 375.77 Td (195) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.60 Td (_______________________________________________) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 49.50 343.13 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.33 338.60 Td (The adoption of ) Tj ET Q q 0 0 0 rg BT 126.15 338.60 Td (ASU 2017-12 resulted in net gains being recorded in cost of sales for fiscal year 2019 which would have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.60 Td (been recognized in other income \(expense\) - net under previous accounting guidance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 305.60 Td (The following table discloses the fair value amounts for the Company's derivative instruments as separate asset and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.60 Td (liability values, presents the fair value of derivative instruments on a gross basis, and identifies the line items in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.60 Td (consolidated balance sheets in which the fair value amounts for these categories of derivative instruments are included \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.60 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 195.10 65.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.00 195.10 60.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 175.00 195.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 195.10 45.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.00 195.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 195.10 60.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 195.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 195.10 45.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 195.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 195.10 60.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 195.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 195.10 45.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 195.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 195.10 60.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 195.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.00 195.10 45.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 121.10 65.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.00 121.10 60.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 175.00 121.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 121.10 45.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.00 121.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 121.10 60.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 121.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 121.10 45.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 121.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 121.10 60.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 121.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 121.10 45.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 121.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 121.10 60.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 121.10 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.00 121.10 45.00 -37.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 237.10000000000002 m 175 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 175 237.10000000000002 m 179 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 237.10000000000002 m 224 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224 237.10000000000002 m 228 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 237.10000000000002 m 288 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 237.10000000000002 m 292 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 237.10000000000002 m 337 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 237.10000000000002 m 401 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 237.10000000000002 m 405 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 237.10000000000002 m 450 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 237.10000000000002 m 454 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 237.10000000000002 m 514 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 237.10000000000002 m 518 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 237.10000000000002 m 563 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 224.10000000000002 m 175 224.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 175 224.10000000000002 m 179 224.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 224.10000000000002 m 224 224.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 224.10000000000002 m 288 224.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 224.10000000000002 m 292 224.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 224.10000000000002 m 337 224.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 224.10000000000002 m 401 224.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 224.10000000000002 m 405 224.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 224.10000000000002 m 450 224.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 224.10000000000002 m 514 224.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 224.10000000000002 m 518 224.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 224.10000000000002 m 563 224.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 195.10000000000002 m 175 195.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 224.10000000000002 m 224 224.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 195.10000000000002 m 224 195.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 195.10000000000002 m 288 195.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 224.10000000000002 m 337 224.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 195.10000000000002 m 337 195.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 195.10000000000002 m 401 195.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 224.10000000000002 m 450 224.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 195.10000000000002 m 450 195.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 195.10000000000002 m 514 195.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 224.10000000000002 m 563 224.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 195.10000000000002 m 563 195.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 195.10000000000002 m 224 195.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 195.10000000000002 m 337 195.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 195.10000000000002 m 450 195.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 195.10000000000002 m 563 195.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 84.10000000000002 m 224 84.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 72.10000000000002 m 224 72.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 70.10000000000002 m 224 70.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 84.10000000000002 m 337 84.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 72.10000000000002 m 337 72.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 70.10000000000002 m 337 70.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 84.10000000000002 m 450 84.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 72.10000000000002 m 450 72.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 70.10000000000002 m 450 70.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 84.10000000000002 m 563 84.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 72.10000000000002 m 563 72.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 70.10000000000002 m 563 70.10000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 196.05 241.33 Td (Asset Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.50 241.33 Td (Liability Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 136.75 228.33 Td (December) Tj ET Q q 0 0 0 rg BT 171.32 228.33 Td ( 28, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 249.75 228.33 Td (December) Tj ET Q q 0 0 0 rg BT 284.32 228.33 Td ( 29, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.75 228.33 Td (December) Tj ET Q q 0 0 0 rg BT 397.32 228.33 Td ( 28, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.75 228.33 Td (December) Tj ET Q q 0 0 0 rg BT 510.32 228.33 Td ( 29, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 122.05 215.33 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 119.05 207.33 Td (Balance Sheets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 129.35 199.33 Td (Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 183.15 199.33 Td (Fair) Tj ET Q q 0 0 0 rg BT 197.74 199.33 Td () Tj ET Q q 0 0 0 rg BT 199.59 199.33 Td (V) Tj ET Q q 0 0 0 rg BT 204.93 199.33 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.05 215.33 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.05 207.33 Td (Balance Sheets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.35 199.33 Td (Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.15 199.33 Td (Fair) Tj ET Q q 0 0 0 rg BT 310.74 199.33 Td () Tj ET Q q 0 0 0 rg BT 312.59 199.33 Td (V) Tj ET Q q 0 0 0 rg BT 317.93 199.33 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.05 215.33 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.05 207.33 Td (Balance Sheets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.35 199.33 Td (Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.15 199.33 Td (Fair) Tj ET Q q 0 0 0 rg BT 423.74 199.33 Td () Tj ET Q q 0 0 0 rg BT 425.59 199.33 Td (V) Tj ET Q q 0 0 0 rg BT 430.93 199.33 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.05 215.33 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.05 207.33 Td (Balance Sheets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.35 199.33 Td (Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.15 199.33 Td (Fair) Tj ET Q q 0 0 0 rg BT 536.67 199.33 Td () Tj ET Q q 0 0 0 rg BT 538.52 199.33 Td (V) Tj ET Q q 0 0 0 rg BT 543.56 199.33 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 187.05 Td (Forward contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 179.05 Td (designated as) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 171.05 Td (cash flow hedging) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 163.05 Td (instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 187.05 Td (Prepaid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 179.05 Td (expenses and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 171.05 Td (other current) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 163.05 Td (assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.50 187.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 202.75 187.05 Td (3,327) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.50 187.05 Td (Prepaid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.50 179.05 Td (expenses and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.50 171.05 Td (other current) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.50 163.05 Td (assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.50 187.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.75 187.05 Td (9,217) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.50 187.05 Td (Accrued) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.50 179.05 Td (expenses-other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.50 187.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.75 187.05 Td (1,657) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.50 187.05 Td (Accrued) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.50 179.05 Td (expenses-other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.50 187.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.80 187.05 Td (660) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 150.05 Td (Forward contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 142.05 Td (not designated as) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 134.05 Td (cash flow hedging) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 126.05 Td (instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 150.05 Td (Prepaid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 142.05 Td (expenses and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 134.05 Td (other current) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 126.05 Td (assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.80 150.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.50 150.05 Td (Prepaid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.50 142.05 Td (expenses and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.50 134.05 Td (other current) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.50 126.05 Td (assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.80 150.05 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.50 150.05 Td (Accrued) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.50 142.05 Td (expenses-other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.80 150.05 Td (63) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.50 150.05 Td (Accrued) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.50 142.05 Td (expenses-other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 150.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 113.05 Td (Forward contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 105.05 Td (designated as) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 97.05 Td (cash flow hedging) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 89.05 Td (instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 113.05 Td (Intangible and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 105.05 Td (other assets-net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.80 113.05 Td (21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.50 113.05 Td (Intangible and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.50 105.05 Td (other assets-net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.80 113.05 Td (453) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.50 113.05 Td (Other long-term) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.50 105.05 Td (liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.80 113.05 Td (104) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.50 113.05 Td (Other long-term) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.50 105.05 Td (liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 113.05 Td (70) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 76.05 Td (T) Tj ET Q q 0 0 0 rg BT 56.83 76.05 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.50 76.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 202.75 76.05 Td (3,348) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.50 76.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.75 76.05 Td (9,685) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.50 76.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.75 76.05 Td (1,824) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.50 76.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.80 76.05 Td (730) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 50.60 Td (The following table summarizes the ef) Tj ET Q q 0 0 0 rg BT 227.44 50.60 Td (fects of the Company's derivative instruments on earnings \(in thousands\):) Tj ET Q endstream endobj 137 0 obj <>] /Rotate 0 /Contents 138 0 R>> endobj 138 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (65) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 77.00 642.00 217.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 642.00 4.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.00 642.00 56.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.00 642.00 4.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 642.00 56.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 642.00 4.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 642.00 56.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 642.00 4.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 642.00 56.00 -55.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 77.00 572.00 217.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 572.00 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.00 572.00 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.00 572.00 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 572.00 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 572.00 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 572.00 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 572.00 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 572.00 56.00 -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 298 684 m 354 684 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298 663 m 354 663 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 684 m 358 684 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 663 m 358 663 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 684 m 414 684 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 663 m 414 663 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 684 m 418 684 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 684 m 474 684 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 663 m 474 663 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 684 m 478 684 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 663 m 478 663 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 684 m 534 684 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 663 m 534 663 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298 642 m 354 642 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 642 m 414 642 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 663 m 474 663 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 642 m 474 642 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 663 m 478 663 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 663 m 534 663 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 642 m 534 642 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298 642 m 354 642 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 642 m 414 642 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 642 m 474 642 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 642 m 534 642 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.25 688.23 Td (Effect of Derivative Instruments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.70 667.23 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 349.55 667.23 Td (Y) Tj ET Q q 0 0 0 rg BT 354.73 667.23 Td (ear) Tj ET Q q 0 0 0 rg BT 365.32 667.23 Td ( 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.70 667.23 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 469.40 667.23 Td (Y) Tj ET Q q 0 0 0 rg BT 474.29 667.23 Td (ear) Tj ET Q q 0 0 0 rg BT 485.25 667.23 Td ( 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.70 650.68 Td (Cost of Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.65 654.68 Td (Other) Tj ET Q q 0 0 0 rg BT 382.02 654.68 Td ( Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.90 646.68 Td (\(Expense\)-net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.70 650.68 Td (Cost of Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.65 654.68 Td (Other) Tj ET Q q 0 0 0 rg BT 501.94 654.68 Td ( Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.90 646.68 Td (\(Expense\)-net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.50 621.67 Td (T) Tj ET Q q 0 0 0 rg BT 85.26 621.67 Td (otal amounts of income and expense line items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.50 611.67 Td (presented in the consolidated statements of income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.50 601.67 Td (\(loss\) and comprehensive income \(loss\) in which the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.50 591.67 Td (ef) Tj ET Q q 0 0 0 rg BT 87.18 591.67 Td (fects of cash flow hedges are recorded) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.50 591.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.10 591.67 Td (1,1) Tj ET Q q 0 0 0 rg BT 322.60 591.67 Td (18,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.50 591.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 591.67 Td (26,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 591.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.10 591.67 Td (1,201,351) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.50 591.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.80 591.72 Td (\(38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 591.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.50 576.67 Td (Gain \(loss\) on cash flow hedging relationships:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 561.67 Td (Forward contracts designated as cash flow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 551.67 Td (hedging instruments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 536.67 Td (T) Tj ET Q q 0 0 0 rg BT 102.91 536.67 Td (otal gain \(loss\) reclassified from other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 526.67 Td (comprehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 526.67 Td (9,939) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 526.67 Td (1,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 526.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.30 526.72 Td (\(2,629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 526.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 501.50 Td (At the end of fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.35 501.50 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.35 501.50 Td (, the Company had forward contracts designated as cash flow hedges with maturities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 489.50 Td (extending through March 2021. ) Tj ET Q q 0 0 0 rg BT 178.09 489.50 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.53 489.50 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.12 489.50 Td (, an estimated net gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.14 489.50 Td ($1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.03 489.50 Td ( is expected to be reclassified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 477.50 Td (into earnings within the next twelve months at prevailing foreign currency exchange rates. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 456.50 Td (9. Fair) Tj ET Q q 0 0 0 rg BT 77.64 456.50 Td ( ) Tj ET Q q 0 0 0 rg BT 79.96 456.50 Td (V) Tj ET Q q 0 0 0 rg BT 86.27 456.50 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 139.13 456.50 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 435.50 Td (The Company defines fair value as the price that would be received to sell an asset or paid to transfer a liability in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.50 Td (principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 411.50 Td (measurement date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 390.50 Td (ASC 820, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 115.45 390.50 Td (Fair V) Tj ET Q q 0 0 0 rg BT 140.73 390.50 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 190.63 390.50 Td (ement and Disclosur) Tj ET Q q 0 0 0 rg BT 273.03 390.50 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.36 390.50 Td ( \("ASC 820"\), establishes a fair value hierarchy) Tj ET Q q 0 0 0 rg BT 471.03 390.50 Td (, which prioritizes the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.50 Td (inputs used in measuring fair value into three broad levels as follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 357.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 357.50 Td (Level1Quoted prices in active markets for identical assets or liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 336.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 336.50 Td (Level2Inputs, other than quoted prices in active markets, that are observable either directly or indirectly) Tj ET Q q 0 0 0 rg BT 512.75 336.50 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 315.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 315.50 Td (Level3Unobservable inputs based on the Company's assumptions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 294.50 Td (ASC 820 requires the use of observable market data if such data is available without undue cost and ef) Tj ET Q q 0 0 0 rg BT 483.75 294.50 Td (fort.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 273.50 Td (The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 261.50 Td (basis as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.66 261.50 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.24 261.50 Td ( \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 225.00 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 225.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 225.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 225.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 225.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 225.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 225.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 225.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 195.00 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 195.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 195.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 195.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 195.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 195.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 195.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 195.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 165.00 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 165.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 165.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 165.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 165.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 165.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 165.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 165.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 135.00 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 135.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 135.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 135.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 135.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 135.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 135.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 135.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 105.00 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 105.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 105.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 105.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 105.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 105.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 105.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 105.00 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 238 m 400 238 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 238 m 404 238 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 238 m 454 238 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 238 m 458 238 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 238 m 508 238 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 238 m 512 238 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 238 m 562 238 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 225 m 400 225 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 238 m 454 238 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 225 m 454 225 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 238 m 508 238 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 225 m 508 225 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 238 m 562 238 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 225 m 562 225 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 165 m 400 165 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 151 m 400 151 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 149 m 400 149 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 165 m 454 165 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 151 m 454 151 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 149 m 454 149 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 165 m 508 165 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 151 m 508 151 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 149 m 508 149 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 165 m 562 165 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 151 m 562 151 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 149 m 562 149 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 105 m 400 105 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 91 m 400 91 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 89 m 400 89 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 105 m 454 105 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 91 m 454 91 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 89 m 454 89 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 105 m 508 105 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 91 m 508 91 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 89 m 508 89 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 105 m 562 105 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 91 m 562 91 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 89 m 562 89 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.05 242.23 Td (Fair) Tj ET Q q 0 0 0 rg BT 414.64 242.23 Td ( ) Tj ET Q q 0 0 0 rg BT 416.49 242.23 Td (V) Tj ET Q q 0 0 0 rg BT 421.83 242.23 Td (alue at December) Tj ET Q q 0 0 0 rg BT 480.92 242.23 Td ( 28, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.15 229.23 Td (Level1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.15 229.23 Td (Level2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.15 229.23 Td (Level3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.75 229.23 Td (T) Tj ET Q q 0 0 0 rg BT 532.35 229.23 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 214.67 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 199.67 Td (Forward contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 199.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 199.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 199.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 199.67 Td (3,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 199.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 199.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 199.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 199.67 Td (3,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 184.67 Td (Deferred compensation plan assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 169.67 Td (Investment in publicly traded mutual funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 169.67 Td (5,243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 169.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 169.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 169.67 Td (5,243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 154.67 Td (T) Tj ET Q q 0 0 0 rg BT 64.26 154.67 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 154.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 154.67 Td (5,243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 154.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 154.67 Td (3,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 154.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 154.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 154.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 154.67 Td (8,591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 139.67 Td (Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 124.67 Td (Contingent consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 124.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 124.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 124.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 124.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 124.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 124.67 Td (1,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 124.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 124.67 Td (1,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 109.67 Td (Forward contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 109.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 109.67 Td (1,824) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 109.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 109.67 Td (1,824) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 94.67 Td (T) Tj ET Q q 0 0 0 rg BT 63.91 94.67 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 94.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 94.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 94.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 94.67 Td (1,824) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 94.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 94.67 Td (1,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 94.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 94.67 Td (2,965) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 139 0 obj <>] /Rotate 0 /Contents 140 0 R>> endobj 140 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 690.60 Td (The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (basis as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.66 678.60 Td (December29, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.24 678.60 Td ( \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 642.10 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 642.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 642.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 642.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 642.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 642.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 642.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 642.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 612.10 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 612.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 612.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 612.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 612.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 612.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 612.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 612.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 582.10 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 582.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 582.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 582.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 582.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 582.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 582.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 582.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 552.10 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 552.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 552.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 552.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 552.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 552.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 552.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 552.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 522.10 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 522.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 522.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 522.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 522.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 522.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 522.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 522.10 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 655.1 m 400 655.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 655.1 m 404 655.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 655.1 m 454 655.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 655.1 m 458 655.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 655.1 m 508 655.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 655.1 m 512 655.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 655.1 m 562 655.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 642.1 m 400 642.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 655.1 m 454 655.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 642.1 m 454 642.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 655.1 m 508 655.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 642.1 m 508 642.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 655.1 m 562 655.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 642.1 m 562 642.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 582.1 m 400 582.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 568.1 m 400 568.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 566.1 m 400 566.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 582.1 m 454 582.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 568.1 m 454 568.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 566.1 m 454 566.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 582.1 m 508 582.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 568.1 m 508 568.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 566.1 m 508 566.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 582.1 m 562 582.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 568.1 m 562 568.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 566.1 m 562 566.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 522.1 m 400 522.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 508.1 m 400 508.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 506.1 m 400 506.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 522.1 m 454 522.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 508.1 m 454 508.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 506.1 m 454 506.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 522.1 m 508 522.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 508.1 m 508 508.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 506.1 m 508 506.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 522.1 m 562 522.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 508.1 m 562 508.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 506.1 m 562 506.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.05 659.33 Td (Fair) Tj ET Q q 0 0 0 rg BT 414.64 659.33 Td ( ) Tj ET Q q 0 0 0 rg BT 416.49 659.33 Td (V) Tj ET Q q 0 0 0 rg BT 421.83 659.33 Td (alue at December) Tj ET Q q 0 0 0 rg BT 480.92 659.33 Td ( 29, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.15 646.33 Td (Level1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.15 646.33 Td (Level2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.15 646.33 Td (Level3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.75 646.33 Td (T) Tj ET Q q 0 0 0 rg BT 532.35 646.33 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 631.77 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 616.77 Td (Forward contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 616.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 616.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 616.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 616.77 Td (9,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 616.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 616.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 616.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 616.77 Td (9,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 601.77 Td (Deferred compensation plan assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 586.77 Td (Investment in publicly traded mutual funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 586.77 Td (4,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 586.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 586.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 586.77 Td (4,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 571.77 Td (T) Tj ET Q q 0 0 0 rg BT 64.26 571.77 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 571.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 571.77 Td (4,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 571.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 571.77 Td (9,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 571.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 571.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 571.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 571.77 Td (14,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 556.77 Td (Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 541.77 Td (Contingent consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 541.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 541.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 541.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 541.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 541.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 541.77 Td (2,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 541.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 541.77 Td (2,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 526.77 Td (Forward contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 526.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 526.77 Td (730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 526.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 526.77 Td (730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 511.77 Td (T) Tj ET Q q 0 0 0 rg BT 63.91 511.77 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 511.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 511.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 511.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 511.77 Td (730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 511.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 511.77 Td (2,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 511.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 511.77 Td (2,904) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 486.60 Td (The fair values of the Company's deferred compensation plan assets are based on quoted prices. ) Tj ET Q q 0 0 0 rg BT 458.88 486.60 Td (The deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (compensation plan assets are recorded in intangible and other assetsnet in the Company's consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 533.48 474.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (fair values of the Company's forward contracts are based on published quotations of spot currency rates and forward points, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (which are converted into implied forward currency rates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 429.60 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.94 429.60 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.53 429.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.97 429.60 Td (December29, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.55 429.60 Td (, the fair value of the Company's debt approximated its carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 417.60 Td (amount. ) Tj ET Q q 0 0 0 rg BT 84.31 417.60 Td (The fair value of debt was obtained using observable market inputs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 396.60 Td (Operating lease right-of-use assets with a carrying amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.37 396.60 Td ($18.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.26 396.60 Td ( and property) Tj ET Q q 0 0 0 rg BT 426.92 396.60 Td (, plant and equipmentnet with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 384.60 Td (a carrying amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.58 384.60 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.47 384.60 Td ( related to retail store leasehold improvements, fixturing and shop-in-shops were written down ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 372.60 Td (to a fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.08 372.60 Td ($8.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.97 372.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.41 372.60 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.30 372.60 Td (, respectively) Tj ET Q q 0 0 0 rg BT 287.96 372.60 Td (, resulting in total impairment char) Tj ET Q q 0 0 0 rg BT 426.63 372.60 Td (ges of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.29 372.60 Td ($10.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.19 372.60 Td ( for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 360.60 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.21 360.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.21 360.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 339.60 Td (The fair values of operating lease right-of-use assets and fixed assets related to retail stores were determined using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 327.60 Td (Level3 inputs, including forecasted cash flows and discount rates. Of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.53 327.60 Td ($10.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.42 327.60 Td ( impairment expense, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.73 327.60 Td ($5.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.62 327.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.62 327.60 Td ($3.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 315.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 315.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.83 315.60 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.72 315.60 Td ( were recorded in SG&A) Tj ET Q q 0 0 0 rg BT 246.14 315.60 Td ( in the ) Tj ET Q q 0 0 0 rg BT 273.08 315.60 Td (Americas, Europe and ) Tj ET Q q 0 0 0 rg BT 364.16 315.60 Td (Asia segments, respectively and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.95 315.60 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.85 315.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 303.60 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.39 303.60 Td ( were recorded in restructuring char) Tj ET Q q 0 0 0 rg BT 241.19 303.60 Td (ges in the ) Tj ET Q q 0 0 0 rg BT 281.47 303.60 Td (Americas and Europe segments, respectively) Tj ET Q q 0 0 0 rg BT 460.48 303.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 282.60 Td (In fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.19 282.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.19 282.60 Td (, property) Tj ET Q q 0 0 0 rg BT 186.42 282.60 Td (, plant and equipmentnet with a carrying amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.14 282.60 Td ($3.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.03 282.60 Td ( related to retail store ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (leasehold improvements and fixturing was written down to a fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.09 270.60 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.98 270.60 Td ( and related key money in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.39 258.60 Td ( was deemed not recoverable, resulting in total impairment char) Tj ET Q q 0 0 0 rg BT 353.12 258.60 Td (ges of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.78 258.60 Td ($3.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.67 258.60 Td ( for fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.19 258.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.19 258.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 237.60 Td (The fair value of trade names are measured on a non-recurring basis using Level 3 inputs, including forecasted cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 225.60 Td (flows, discounts rates and implied royalty rates. ) Tj ET Q q 0 0 0 rg BT 242.89 225.60 Td (T) Tj ET Q q 0 0 0 rg BT 248.65 225.60 Td (rade name impairment char) Tj ET Q q 0 0 0 rg BT 358.13 225.60 Td (ges are recorded in the Corporate cost area. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 213.60 Td (Note 1Significant ) Tj ET Q q 0 0 0 rg BT 132.27 213.60 Td (Accounting Policies for additional disclosures about trade name impairment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 192.60 Td (In fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.19 192.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.19 192.60 Td (, the SKAGEN trade name with a carrying amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.96 192.60 Td ($21.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.86 192.60 Td ( was written down to its implied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.60 Td (fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.86 180.60 Td ($4.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.75 180.60 Td (, resulting in a pre-tax impairment char) Tj ET Q q 0 0 0 rg BT 305.91 180.60 Td (ge of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.67 180.60 Td ($16.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.57 180.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 159.60 Td (In fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.19 159.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.19 159.60 Td (, the SKAGEN trade name with a carrying amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.96 159.60 Td ($27.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.86 159.60 Td ( was written down to its implied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 147.60 Td (fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.86 147.60 Td ($21.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.75 147.60 Td (, resulting in a pre-tax impairment char) Tj ET Q q 0 0 0 rg BT 310.91 147.60 Td (ge of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.67 147.60 Td ($6.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.57 147.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 126.60 Td (The fair value of the contingent consideration liability related to Fossil ) Tj ET Q q 0 0 0 rg BT 356.65 126.60 Td (Accessories South ) Tj ET Q q 0 0 0 rg BT 432.20 126.60 Td (Africa Pty) Tj ET Q q 0 0 0 rg BT 472.92 126.60 Td (. Ltd. \() Tj ET Q q 0 0 0 rg BT 502.73 126.60 Td (Fossil South ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (Africa) Tj ET Q q 0 0 0 rg BT 77.63 114.60 Td (\) was determined using Level 3 inputs. See Note 15Stockholders' Equity for additional disclosures about the equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 98.19 102.60 Td (The contingent consideration is based on Fossil South ) Tj ET Q q 0 0 0 rg BT 315.95 102.60 Td (Africa's projected earnings and dividends through fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (2020 with the final payments expected the following year) Tj ET Q q 0 0 0 rg BT 279.44 90.60 Td (. ) Tj ET Q q 0 0 0 rg BT 283.88 90.60 Td (A) Tj ET Q q 0 0 0 rg BT 290.55 90.60 Td ( discount rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.76 90.60 Td (14%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.09 90.60 Td ( was used to calculate the present value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (contingent consideration. ) Tj ET Q q 0 0 0 rg BT 152.90 78.60 Td (The present value of the contingent consideration liability was valued at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 78.60 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.54 78.60 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 66.60 Td (. ) Tj ET Q endstream endobj 141 0 obj <>] /Rotate 0 /Contents 142 0 R>> endobj 142 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (67) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (10. Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 669.75 Td (The Company's debt consisted of the following, excluding finance lease obligations, \(in millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 638.25 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 638.25 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 638.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 638.25 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 608.25 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 608.25 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 608.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 608.25 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 578.25 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 578.25 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 578.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 578.25 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 399 638.25 m 476 638.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 638.25 m 557 638.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 638.25 m 476 638.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 638.25 m 557 638.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 593.25 m 476 593.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 593.25 m 557 593.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 578.25 m 476 578.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 578.25 m 557 578.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 563.25 m 476 563.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 549.25 m 476 549.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 547.25 m 476 547.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 563.25 m 557 563.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 549.25 m 557 549.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 547.25 m 557 547.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.75 642.48 Td (December) Tj ET Q q 0 0 0 rg BT 439.32 642.48 Td ( 28, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.75 642.48 Td (December) Tj ET Q q 0 0 0 rg BT 520.25 642.48 Td ( 29, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 627.92 Td (U.S. revolving line of credit ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 167.20 632.45 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.50 627.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 627.92 Td (20.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 627.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 627.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 612.92 Td (U.S. term loan) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 110.83 617.45 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 612.92 Td (182.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 612.92 Td (392.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 597.92 Td (Other international) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 597.92 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 597.92 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 582.92 Td (T) Tj ET Q q 0 0 0 rg BT 64.26 582.92 Td (otal debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.50 582.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 582.92 Td (202.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 582.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 582.92 Td (392.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 567.92 Td (Less current portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 567.92 Td (25.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 567.92 Td (125.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 552.92 Td (Long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.50 552.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 552.92 Td (177.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 552.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 552.92 Td (267.3) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 539.15 Td (___________________________________________) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 49.50 531.68 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 527.15 Td (Net of debt issuance costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.69 527.15 Td ($7.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.58 527.15 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.80 527.15 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.38 527.15 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 49.50 519.68 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 515.15 Td (Net of debt issuance costs and original issue discount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.12 515.15 Td ($6.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.01 515.15 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.45 515.15 Td ($1) Tj ET Q q 0 0 0 rg BT 372.08 515.15 Td (1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.97 515.15 Td (, respectively at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 515.15 Td (December28, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 503.15 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 503.15 Td (. Net of debt issuance costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.69 503.15 Td ($7.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.58 503.15 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.80 503.15 Td (December29, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.38 503.15 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 479.15 Td (U.S.-Based. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.11 479.15 Td (On September 26, 2019, the Company and Fossil Partners L.P) Tj ET Q q 0 0 0 rg BT 370.87 479.15 Td (., as the U.S. borrowers \(the U.S. Borrowers\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.15 Td (and Fossil Group Europe GmbH \(the Swiss Borrower\), Fossil ) Tj ET Q q 0 0 0 rg BT 307.26 467.15 Td (Asia Pacific Limited \(the Hong Kong Borrower\), Fossil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.15 Td (\(Europe\) GmbH \(the German Borrower\), Fossil \(UK\) Limited \(the UK Borrower\) and Fossil Canada Inc. \(the Canadian ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.15 Td (Borrower\), as the non-U.S. borrowers, certain other subsidiaries of the Company from time to time party thereto designated as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 431.15 Td (borrowers \(such subsidiaries, together with the U.S. Borrowers, the Swiss Borrower) Tj ET Q q 0 0 0 rg BT 385.15 431.15 Td (, the Hong Kong Borrower) Tj ET Q q 0 0 0 rg BT 492.23 431.15 Td (, the German ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.15 Td (Borrower) Tj ET Q q 0 0 0 rg BT 87.42 419.15 Td (, the UK Borrower and the Canadian Borrower) Tj ET Q q 0 0 0 rg BT 274.74 419.15 Td (, the ABL) Tj ET Q q 0 0 0 rg BT 318.52 419.15 Td ( Borrowers\), and certain subsidiaries of the Company from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.15 Td (time to time party thereto as guarantors, entered into an asset-based revolving credit agreement \(the Revolving Facility\) with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.15 Td (JPMor) Tj ET Q q 0 0 0 rg BT 75.99 395.15 Td (gan Chase Bank, N.A. as administrative agent \(the ABL) Tj ET Q q 0 0 0 rg BT 304.73 395.15 Td ( ) Tj ET Q q 0 0 0 rg BT 306.68 395.15 Td (Agent\), J.P) Tj ET Q q 0 0 0 rg BT 354.73 395.15 Td (. Mor) Tj ET Q q 0 0 0 rg BT 376.77 395.15 Td (gan ) Tj ET Q q 0 0 0 rg BT 393.16 395.15 Td (AG, as French collateral agent, JPMor) Tj ET Q q 0 0 0 rg BT 546.55 395.15 Td (gan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.15 Td (Chase Bank, N.A., Citizens Bank, N.A. and ) Tj ET Q q 0 0 0 rg BT 227.07 383.15 Td (W) Tj ET Q q 0 0 0 rg BT 235.71 383.15 Td (ells Far) Tj ET Q q 0 0 0 rg BT 265.25 383.15 Td (go Bank, National ) Tj ET Q q 0 0 0 rg BT 340.24 383.15 Td (Association as joint bookrunners and joint lead ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.15 Td (arrangers, and Citizens Bank, N.A. and ) Tj ET Q q 0 0 0 rg BT 208.72 371.15 Td (W) Tj ET Q q 0 0 0 rg BT 217.36 371.15 Td (ells Far) Tj ET Q q 0 0 0 rg BT 246.89 371.15 Td (go Bank, National ) Tj ET Q q 0 0 0 rg BT 321.88 371.15 Td (Association, as co-syndication agents and each of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.15 Td (lenders from time to time party thereto \(the ABL) Tj ET Q q 0 0 0 rg BT 249.07 359.15 Td ( Lenders\). In addition, on September 26, 2019, the Company) Tj ET Q q 0 0 0 rg BT 498.36 359.15 Td (, as borrower) Tj ET Q q 0 0 0 rg BT 550.44 359.15 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 347.15 Td (entered into a term credit agreement with JPMor) Tj ET Q q 0 0 0 rg BT 243.42 347.15 Td (gan Chase Bank, N.A. as administrative agent \(the T) Tj ET Q q 0 0 0 rg BT 457.94 347.15 Td (erm ) Tj ET Q q 0 0 0 rg BT 475.43 347.15 Td (Agent\), JPMor) Tj ET Q q 0 0 0 rg BT 539.13 347.15 Td (gan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.15 Td (Chase Bank, N.A., Citizens Bank, National ) Tj ET Q q 0 0 0 rg BT 224.75 335.15 Td (Association and ) Tj ET Q q 0 0 0 rg BT 291.23 335.15 Td (W) Tj ET Q q 0 0 0 rg BT 299.87 335.15 Td (ells Far) Tj ET Q q 0 0 0 rg BT 329.40 335.15 Td (go Securities, LLC, as joint bookrunners and joint lead ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.15 Td (arrangers and the lenders party thereto \(the T) Tj ET Q q 0 0 0 rg BT 233.44 323.15 Td (erm Loan Lenders\), which was amended on February 20, 2020, by that certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.15 Td (Amendment No. 1 to ) Tj ET Q q 0 0 0 rg BT 136.25 311.15 Td (T) Tj ET Q q 0 0 0 rg BT 141.66 311.15 Td (erm Credit ) Tj ET Q q 0 0 0 rg BT 186.65 311.15 Td (Agreement \(as amended, the T) Tj ET Q q 0 0 0 rg BT 313.40 311.15 Td (erm Loan Facility\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 290.15 Td (Contemporaneously ) Tj ET Q q 0 0 0 rg BT 153.92 290.15 Td (with ) Tj ET Q q 0 0 0 rg BT 173.08 290.15 Td (entering ) Tj ET Q q 0 0 0 rg BT 207.22 290.15 Td (into ) Tj ET Q q 0 0 0 rg BT 224.16 290.15 Td (the ) Tj ET Q q 0 0 0 rg BT 237.75 290.15 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 280.80 290.15 Td (Facility ) Tj ET Q q 0 0 0 rg BT 312.73 290.15 Td (and ) Tj ET Q q 0 0 0 rg BT 328.55 290.15 Td (the ) Tj ET Q q 0 0 0 rg BT 342.04 290.15 Td (T) Tj ET Q q 0 0 0 rg BT 347.45 290.15 Td (erm ) Tj ET Q q 0 0 0 rg BT 364.38 290.15 Td (Loan ) Tj ET Q q 0 0 0 rg BT 386.31 290.15 Td (Facility) Tj ET Q q 0 0 0 rg BT 416.21 290.15 Td (, ) Tj ET Q q 0 0 0 rg BT 420.09 290.15 Td (on ) Tj ET Q q 0 0 0 rg BT 431.47 290.15 Td (September ) Tj ET Q q 0 0 0 rg BT 475.61 290.15 Td (26, ) Tj ET Q q 0 0 0 rg BT 489.49 290.15 Td (2019, ) Tj ET Q q 0 0 0 rg BT 513.37 290.15 Td (the ) Tj ET Q q 0 0 0 rg BT 526.97 290.15 Td (proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 278.15 Td (of ) Tj ET Q q 0 0 0 rg BT 61.01 278.15 Td (the ) Tj ET Q q 0 0 0 rg BT 76.40 278.15 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 121.25 278.15 Td (Facility ) Tj ET Q q 0 0 0 rg BT 154.97 278.15 Td (and ) Tj ET Q q 0 0 0 rg BT 172.59 278.15 Td (the ) Tj ET Q q 0 0 0 rg BT 187.76 278.15 Td (T) Tj ET Q q 0 0 0 rg BT 193.17 278.15 Td (erm ) Tj ET Q q 0 0 0 rg BT 211.89 278.15 Td (Loan ) Tj ET Q q 0 0 0 rg BT 235.61 278.15 Td (Facility ) Tj ET Q q 0 0 0 rg BT 269.34 278.15 Td (were ) Tj ET Q q 0 0 0 rg BT 291.95 278.15 Td (used ) Tj ET Q q 0 0 0 rg BT 313.46 278.15 Td (to ) Tj ET Q q 0 0 0 rg BT 324.41 278.15 Td (pay ) Tj ET Q q 0 0 0 rg BT 342.03 278.15 Td (of) Tj ET Q q 0 0 0 rg BT 350.18 278.15 Td (f ) Tj ET Q q 0 0 0 rg BT 356.69 278.15 Td (in ) Tj ET Q q 0 0 0 rg BT 367.64 278.15 Td (full ) Tj ET Q q 0 0 0 rg BT 384.71 278.15 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.10 278.15 Td ($275.8 ) Tj ET Q q 0 0 0 rg BT 430.78 278.15 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.67 278.15 Td ( ) Tj ET Q q 0 0 0 rg BT 462.85 278.15 Td (in ) Tj ET Q q 0 0 0 rg BT 473.81 278.15 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 515.85 278.15 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 266.15 Td (principal ) Tj ET Q q 0 0 0 rg BT 88.62 266.15 Td (amount ) Tj ET Q q 0 0 0 rg BT 122.20 266.15 Td (of ) Tj ET Q q 0 0 0 rg BT 134.11 266.15 Td (the ) Tj ET Q q 0 0 0 rg BT 149.91 266.15 Td (loans, ) Tj ET Q q 0 0 0 rg BT 177.10 266.15 Td (interest, ) Tj ET Q q 0 0 0 rg BT 212.61 266.15 Td (fees, ) Tj ET Q q 0 0 0 rg BT 234.79 266.15 Td (expenses ) Tj ET Q q 0 0 0 rg BT 274.47 266.15 Td (and ) Tj ET Q q 0 0 0 rg BT 292.49 266.15 Td (other ) Tj ET Q q 0 0 0 rg BT 316.61 266.15 Td (obligations ) Tj ET Q q 0 0 0 rg BT 364.64 266.15 Td (under ) Tj ET Q q 0 0 0 rg BT 390.99 266.15 Td (the ) Tj ET Q q 0 0 0 rg BT 406.78 266.15 Td (Second ) Tj ET Q q 0 0 0 rg BT 439.01 266.15 Td (Amended ) Tj ET Q q 0 0 0 rg BT 481.47 266.15 Td (and ) Tj ET Q q 0 0 0 rg BT 499.49 266.15 Td (Restated ) Tj ET Q q 0 0 0 rg BT 537.50 266.15 Td (Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 254.15 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 99.06 254.15 Td (dated ) Tj ET Q q 0 0 0 rg BT 123.36 254.15 Td (as ) Tj ET Q q 0 0 0 rg BT 134.33 254.15 Td (of ) Tj ET Q q 0 0 0 rg BT 145.30 254.15 Td (January ) Tj ET Q q 0 0 0 rg BT 179.04 254.15 Td (29, ) Tj ET Q q 0 0 0 rg BT 194.18 254.15 Td (2018 ) Tj ET Q q 0 0 0 rg BT 216.82 254.15 Td (\(the ) Tj ET Q q 0 0 0 rg BT 235.01 254.15 Td (Prior ) Tj ET Q q 0 0 0 rg BT 262.09 254.15 Td (Credit ) Tj ET Q q 0 0 0 rg BT 289.14 254.15 Td (Agreement\). ) Tj ET Q q 0 0 0 rg BT 346.28 254.15 Td (The ) Tj ET Q q 0 0 0 rg BT 364.47 254.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 406.00 254.15 Td (recorded ) Tj ET Q q 0 0 0 rg BT 443.61 254.15 Td (a ) Tj ET Q q 0 0 0 rg BT 450.69 254.15 Td (loss ) Tj ET Q q 0 0 0 rg BT 468.90 254.15 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.87 254.15 Td ($3.0 ) Tj ET Q q 0 0 0 rg BT 500.01 254.15 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.90 254.15 Td ( ) Tj ET Q q 0 0 0 rg BT 531.54 254.15 Td (in ) Tj ET Q q 0 0 0 rg BT 541.96 254.15 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 242.15 Td (income ) Tj ET Q q 0 0 0 rg BT 81.43 242.15 Td (\(expense\) ) Tj ET Q q 0 0 0 rg BT 122.80 242.15 Td (- ) Tj ET Q q 0 0 0 rg BT 128.63 242.15 Td (net ) Tj ET Q q 0 0 0 rg BT 143.35 242.15 Td (during ) Tj ET Q q 0 0 0 rg BT 171.96 242.15 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 196.11 242.15 Td (2019 ) Tj ET Q q 0 0 0 rg BT 218.61 242.15 Td (for ) Tj ET Q q 0 0 0 rg BT 232.77 242.15 Td (debt ) Tj ET Q q 0 0 0 rg BT 252.49 242.15 Td (issuance ) Tj ET Q q 0 0 0 rg BT 288.87 242.15 Td (costs ) Tj ET Q q 0 0 0 rg BT 311.37 242.15 Td (associated ) Tj ET Q q 0 0 0 rg BT 354.96 242.15 Td (with ) Tj ET Q q 0 0 0 rg BT 375.24 242.15 Td (the ) Tj ET Q q 0 0 0 rg BT 389.95 242.15 Td (Prior ) Tj ET Q q 0 0 0 rg BT 412.45 242.15 Td (Credit ) Tj ET Q q 0 0 0 rg BT 439.40 242.15 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 218.15 Td (The ) Tj ET Q q 0 0 0 rg BT 90.01 218.15 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 134.14 218.15 Td (Facility ) Tj ET Q q 0 0 0 rg BT 167.15 218.15 Td (provides ) Tj ET Q q 0 0 0 rg BT 204.05 218.15 Td (that ) Tj ET Q q 0 0 0 rg BT 221.51 218.15 Td (the ) Tj ET Q q 0 0 0 rg BT 235.65 218.15 Td (ABL) Tj ET Q q 0 0 0 rg BT 255.27 218.15 Td ( ) Tj ET Q q 0 0 0 rg BT 257.74 218.15 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 292.41 218.15 Td (may ) Tj ET Q q 0 0 0 rg BT 312.08 218.15 Td (extend ) Tj ET Q q 0 0 0 rg BT 341.20 218.15 Td (revolving ) Tj ET Q q 0 0 0 rg BT 381.99 218.15 Td (loans ) Tj ET Q q 0 0 0 rg BT 405.56 218.15 Td (in ) Tj ET Q q 0 0 0 rg BT 415.80 218.15 Td (an ) Tj ET Q q 0 0 0 rg BT 427.70 218.15 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 469.03 218.15 Td (principal ) Tj ET Q q 0 0 0 rg BT 507.03 218.15 Td (amount ) Tj ET Q q 0 0 0 rg BT 539.49 218.15 Td (not ) Tj ET Q q 0 0 0 rg BT 554.73 218.15 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 206.15 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.66 206.15 Td ($275.0 ) Tj ET Q q 0 0 0 rg BT 109.57 206.15 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.46 206.15 Td ( ) Tj ET Q q 0 0 0 rg BT 140.87 206.15 Td (at ) Tj ET Q q 0 0 0 rg BT 150.50 206.15 Td (any ) Tj ET Q q 0 0 0 rg BT 167.35 206.15 Td (time ) Tj ET Q q 0 0 0 rg BT 187.53 206.15 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 236.61 206.15 Td (\(the ) Tj ET Q q 0 0 0 rg BT 254.56 206.15 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 303.08 206.15 Td (Credit ) Tj ET Q q 0 0 0 rg BT 330.48 206.15 Td (Commitment\), ) Tj ET Q q 0 0 0 rg BT 395.94 206.15 Td (of ) Tj ET Q q 0 0 0 rg BT 406.68 206.15 Td (which ) Tj ET Q q 0 0 0 rg BT 433.53 206.15 Td (up ) Tj ET Q q 0 0 0 rg BT 445.94 206.15 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.12 206.15 Td ($160.0 ) Tj ET Q q 0 0 0 rg BT 486.03 206.15 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.92 206.15 Td ( ) Tj ET Q q 0 0 0 rg BT 517.33 206.15 Td (is ) Tj ET Q q 0 0 0 rg BT 526.41 206.15 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 194.15 Td (under ) Tj ET Q q 0 0 0 rg BT 74.54 194.15 Td (a ) Tj ET Q q 0 0 0 rg BT 81.26 194.15 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 101.32 194.15 Td (facility) Tj ET Q q 0 0 0 rg BT 128.99 194.15 Td (, ) Tj ET Q q 0 0 0 rg BT 133.76 194.15 Td (an ) Tj ET Q q 0 0 0 rg BT 145.48 194.15 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 186.61 194.15 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.22 194.15 Td ($70.0 ) Tj ET Q q 0 0 0 rg BT 222.00 194.15 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.89 194.15 Td ( ) Tj ET Q q 0 0 0 rg BT 253.16 194.15 Td (is ) Tj ET Q q 0 0 0 rg BT 262.11 194.15 Td (available ) Tj ET Q q 0 0 0 rg BT 300.47 194.15 Td (under ) Tj ET Q q 0 0 0 rg BT 325.52 194.15 Td (a ) Tj ET Q q 0 0 0 rg BT 332.23 194.15 Td (European ) Tj ET Q q 0 0 0 rg BT 372.82 194.15 Td (facility) Tj ET Q q 0 0 0 rg BT 400.49 194.15 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.27 194.15 Td ($30.0 ) Tj ET Q q 0 0 0 rg BT 430.04 194.15 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.93 194.15 Td ( ) Tj ET Q q 0 0 0 rg BT 461.21 194.15 Td (is ) Tj ET Q q 0 0 0 rg BT 470.15 194.15 Td (available ) Tj ET Q q 0 0 0 rg BT 508.52 194.15 Td (under ) Tj ET Q q 0 0 0 rg BT 533.56 194.15 Td (a ) Tj ET Q q 0 0 0 rg BT 540.28 194.15 Td (Hong ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 182.15 Td (Kong ) Tj ET Q q 0 0 0 rg BT 74.55 182.15 Td (facility) Tj ET Q q 0 0 0 rg BT 102.22 182.15 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.54 182.15 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 132.87 182.15 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.76 182.15 Td ( ) Tj ET Q q 0 0 0 rg BT 164.58 182.15 Td (will ) Tj ET Q q 0 0 0 rg BT 182.96 182.15 Td (be ) Tj ET Q q 0 0 0 rg BT 195.23 182.15 Td (available ) Tj ET Q q 0 0 0 rg BT 234.14 182.15 Td (under ) Tj ET Q q 0 0 0 rg BT 259.73 182.15 Td (a ) Tj ET Q q 0 0 0 rg BT 267.00 182.15 Td (French ) Tj ET Q q 0 0 0 rg BT 297.59 182.15 Td (facility) Tj ET Q q 0 0 0 rg BT 325.26 182.15 Td (, ) Tj ET Q q 0 0 0 rg BT 330.59 182.15 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.85 182.15 Td ($5.0 ) Tj ET Q q 0 0 0 rg BT 368.17 182.15 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.07 182.15 Td ( ) Tj ET Q q 0 0 0 rg BT 399.89 182.15 Td (is ) Tj ET Q q 0 0 0 rg BT 409.39 182.15 Td (available ) Tj ET Q q 0 0 0 rg BT 448.30 182.15 Td (under ) Tj ET Q q 0 0 0 rg BT 473.89 182.15 Td (a ) Tj ET Q q 0 0 0 rg BT 481.16 182.15 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 521.74 182.15 Td (facility) Tj ET Q q 0 0 0 rg BT 549.41 182.15 Td (, ) Tj ET Q q 0 0 0 rg BT 554.74 182.15 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.15 Td (each ) Tj ET Q q 0 0 0 rg BT 70.63 170.15 Td (case, ) Tj ET Q q 0 0 0 rg BT 93.15 170.15 Td (subject ) Tj ET Q q 0 0 0 rg BT 124.29 170.15 Td (to ) Tj ET Q q 0 0 0 rg BT 134.88 170.15 Td (the ) Tj ET Q q 0 0 0 rg BT 149.91 170.15 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 194.39 170.15 Td (base ) Tj ET Q q 0 0 0 rg BT 214.97 170.15 Td (availability ) Tj ET Q q 0 0 0 rg BT 262.77 170.15 Td (limitations ) Tj ET Q q 0 0 0 rg BT 308.36 170.15 Td (described ) Tj ET Q q 0 0 0 rg BT 349.49 170.15 Td (below) Tj ET Q q 0 0 0 rg BT 373.28 170.15 Td (. ) Tj ET Q q 0 0 0 rg BT 378.39 170.15 Td (The ) Tj ET Q q 0 0 0 rg BT 396.75 170.15 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 441.23 170.15 Td (Facility ) Tj ET Q q 0 0 0 rg BT 474.60 170.15 Td (also ) Tj ET Q q 0 0 0 rg BT 493.52 170.15 Td (includes ) Tj ET Q q 0 0 0 rg BT 529.66 170.15 Td (an ) Tj ET Q q 0 0 0 rg BT 541.91 170.15 Td (up ) Tj ET Q q 0 0 0 rg BT 554.72 170.15 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 158.15 Td ($45.0 ) Tj ET Q q 0 0 0 rg BT 74.72 158.15 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.62 158.15 Td ( ) Tj ET Q q 0 0 0 rg BT 106.34 158.15 Td (subfacility ) Tj ET Q q 0 0 0 rg BT 151.27 158.15 Td (for ) Tj ET Q q 0 0 0 rg BT 165.66 158.15 Td (the ) Tj ET Q q 0 0 0 rg BT 180.60 158.15 Td (issuance ) Tj ET Q q 0 0 0 rg BT 217.20 158.15 Td (of ) Tj ET Q q 0 0 0 rg BT 228.25 158.15 Td (letters ) Tj ET Q q 0 0 0 rg BT 255.41 158.15 Td (of ) Tj ET Q q 0 0 0 rg BT 266.46 158.15 Td (credit ) Tj ET Q q 0 0 0 rg BT 291.95 158.15 Td (\(the ) Tj ET Q q 0 0 0 rg BT 310.22 158.15 Td (Letters ) Tj ET Q q 0 0 0 rg BT 345.15 158.15 Td (of ) Tj ET Q q 0 0 0 rg BT 356.20 158.15 Td (Credit\). ) Tj ET Q q 0 0 0 rg BT 393.99 158.15 Td (The ) Tj ET Q q 0 0 0 rg BT 412.26 158.15 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 456.65 158.15 Td (Facility ) Tj ET Q q 0 0 0 rg BT 489.93 158.15 Td (expires ) Tj ET Q q 0 0 0 rg BT 521.53 158.15 Td (and ) Tj ET Q q 0 0 0 rg BT 538.69 158.15 Td (is ) Tj ET Q q 0 0 0 rg BT 548.08 158.15 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 146.15 Td (and ) Tj ET Q q 0 0 0 rg BT 66.39 146.15 Td (payable ) Tj ET Q q 0 0 0 rg BT 99.93 146.15 Td (on ) Tj ET Q q 0 0 0 rg BT 112.38 146.15 Td (September ) Tj ET Q q 0 0 0 rg BT 157.59 146.15 Td (26, ) Tj ET Q q 0 0 0 rg BT 172.53 146.15 Td (2024, ) Tj ET Q q 0 0 0 rg BT 197.48 146.15 Td (provided ) Tj ET Q q 0 0 0 rg BT 235.48 146.15 Td (that, ) Tj ET Q q 0 0 0 rg BT 255.42 146.15 Td (if ) Tj ET Q q 0 0 0 rg BT 263.98 146.15 Td (on ) Tj ET Q q 0 0 0 rg BT 276.42 146.15 Td (the ) Tj ET Q q 0 0 0 rg BT 291.09 146.15 Td (date ) Tj ET Q q 0 0 0 rg BT 310.19 146.15 Td (that ) Tj ET Q q 0 0 0 rg BT 327.63 146.15 Td (is ) Tj ET Q q 0 0 0 rg BT 336.75 146.15 Td (the ) Tj ET Q q 0 0 0 rg BT 351.42 146.15 Td (121st ) Tj ET Q q 0 0 0 rg BT 375.53 146.15 Td (day ) Tj ET Q q 0 0 0 rg BT 392.42 146.15 Td (prior ) Tj ET Q q 0 0 0 rg BT 414.31 146.15 Td (to ) Tj ET Q q 0 0 0 rg BT 424.53 146.15 Td (the ) Tj ET Q q 0 0 0 rg BT 439.20 146.15 Td (final ) Tj ET Q q 0 0 0 rg BT 459.97 146.15 Td (maturity ) Tj ET Q q 0 0 0 rg BT 496.30 146.15 Td (date ) Tj ET Q q 0 0 0 rg BT 515.40 146.15 Td (of ) Tj ET Q q 0 0 0 rg BT 526.18 146.15 Td (any ) Tj ET Q q 0 0 0 rg BT 543.07 146.15 Td (class ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 134.15 Td (or ) Tj ET Q q 0 0 0 rg BT 60.57 134.15 Td (tranche ) Tj ET Q q 0 0 0 rg BT 92.73 134.15 Td (of ) Tj ET Q q 0 0 0 rg BT 103.80 134.15 Td (term ) Tj ET Q q 0 0 0 rg BT 124.87 134.15 Td (loans ) Tj ET Q q 0 0 0 rg BT 148.71 134.15 Td (under ) Tj ET Q q 0 0 0 rg BT 174.22 134.15 Td (the ) Tj ET Q q 0 0 0 rg BT 188.98 134.15 Td (T) Tj ET Q q 0 0 0 rg BT 194.39 134.15 Td (erm ) Tj ET Q q 0 0 0 rg BT 212.68 134.15 Td (Loan ) Tj ET Q q 0 0 0 rg BT 235.96 134.15 Td (Facility) Tj ET Q q 0 0 0 rg BT 265.86 134.15 Td (, ) Tj ET Q q 0 0 0 rg BT 271.10 134.15 Td (any ) Tj ET Q q 0 0 0 rg BT 288.28 134.15 Td (such ) Tj ET Q q 0 0 0 rg BT 309.35 134.15 Td (term ) Tj ET Q q 0 0 0 rg BT 330.42 134.15 Td (loans ) Tj ET Q q 0 0 0 rg BT 354.26 134.15 Td (are ) Tj ET Q q 0 0 0 rg BT 369.21 134.15 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 418.61 134.15 Td (on ) Tj ET Q q 0 0 0 rg BT 431.35 134.15 Td (such ) Tj ET Q q 0 0 0 rg BT 452.42 134.15 Td (date, ) Tj ET Q q 0 0 0 rg BT 474.32 134.15 Td (then ) Tj ET Q q 0 0 0 rg BT 494.27 134.15 Td (the ) Tj ET Q q 0 0 0 rg BT 509.23 134.15 Td (maturity ) Tj ET Q q 0 0 0 rg BT 545.85 134.15 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 122.15 Td (of ) Tj ET Q q 0 0 0 rg BT 60.46 122.15 Td (the ) Tj ET Q q 0 0 0 rg BT 75.31 122.15 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 119.60 122.15 Td (Facility ) Tj ET Q q 0 0 0 rg BT 152.79 122.15 Td (shall ) Tj ET Q q 0 0 0 rg BT 174.30 122.15 Td (be ) Tj ET Q q 0 0 0 rg BT 186.37 122.15 Td (such ) Tj ET Q q 0 0 0 rg BT 207.33 122.15 Td (date. ) Tj ET Q q 0 0 0 rg BT 229.12 122.15 Td ( ) Tj ET Q q 0 0 0 rg BT 231.75 122.15 Td (Unless ) Tj ET Q q 0 0 0 rg BT 261.60 122.15 Td (the ) Tj ET Q q 0 0 0 rg BT 276.45 122.15 Td (maturity ) Tj ET Q q 0 0 0 rg BT 312.96 122.15 Td (of ) Tj ET Q q 0 0 0 rg BT 323.93 122.15 Td (the ) Tj ET Q q 0 0 0 rg BT 338.77 122.15 Td (term ) Tj ET Q q 0 0 0 rg BT 359.73 122.15 Td (loans ) Tj ET Q q 0 0 0 rg BT 383.47 122.15 Td (is ) Tj ET Q q 0 0 0 rg BT 392.77 122.15 Td (extended ) Tj ET Q q 0 0 0 rg BT 431.49 122.15 Td (beyond ) Tj ET Q q 0 0 0 rg BT 463.56 122.15 Td (the ) Tj ET Q q 0 0 0 rg BT 478.41 122.15 Td (current ) Tj ET Q q 0 0 0 rg BT 509.36 122.15 Td (maturity ) Tj ET Q q 0 0 0 rg BT 545.87 122.15 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.15 Td (of ) Tj ET Q q 0 0 0 rg BT 60.21 110.15 Td (September ) Tj ET Q q 0 0 0 rg BT 105.35 110.15 Td (26, ) Tj ET Q q 0 0 0 rg BT 120.23 110.15 Td (2024, ) Tj ET Q q 0 0 0 rg BT 145.11 110.15 Td (the ) Tj ET Q q 0 0 0 rg BT 159.71 110.15 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 203.75 110.15 Td (Facility ) Tj ET Q q 0 0 0 rg BT 236.68 110.15 Td (will ) Tj ET Q q 0 0 0 rg BT 254.62 110.15 Td (expire ) Tj ET Q q 0 0 0 rg BT 281.98 110.15 Td (and ) Tj ET Q q 0 0 0 rg BT 298.80 110.15 Td (be ) Tj ET Q q 0 0 0 rg BT 310.62 110.15 Td (due ) Tj ET Q q 0 0 0 rg BT 327.44 110.15 Td (and ) Tj ET Q q 0 0 0 rg BT 344.26 110.15 Td (payable ) Tj ET Q q 0 0 0 rg BT 377.73 110.15 Td (on ) Tj ET Q q 0 0 0 rg BT 390.11 110.15 Td (May ) Tj ET Q q 0 0 0 rg BT 410.82 110.15 Td (28, ) Tj ET Q q 0 0 0 rg BT 425.70 110.15 Td (2024. ) Tj ET Q q 0 0 0 rg BT 450.40 110.15 Td (The ) Tj ET Q q 0 0 0 rg BT 468.33 110.15 Td (French ) Tj ET Q q 0 0 0 rg BT 498.48 110.15 Td (facility ) Tj ET Q q 0 0 0 rg BT 529.18 110.15 Td (includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.15 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.83 98.15 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 77.21 98.15 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.11 98.15 Td ( ) Tj ET Q q 0 0 0 rg BT 108.99 98.15 Td (subfacility ) Tj ET Q q 0 0 0 rg BT 154.09 98.15 Td (for ) Tj ET Q q 0 0 0 rg BT 168.64 98.15 Td (swingline ) Tj ET Q q 0 0 0 rg BT 210.42 98.15 Td (loans, ) Tj ET Q q 0 0 0 rg BT 236.91 98.15 Td (and ) Tj ET Q q 0 0 0 rg BT 254.24 98.15 Td (the ) Tj ET Q q 0 0 0 rg BT 269.35 98.15 Td (European ) Tj ET Q q 0 0 0 rg BT 310.55 98.15 Td (facility ) Tj ET Q q 0 0 0 rg BT 341.76 98.15 Td (includes ) Tj ET Q q 0 0 0 rg BT 377.97 98.15 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.30 98.15 Td ($7.0 ) Tj ET Q q 0 0 0 rg BT 405.69 98.15 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.58 98.15 Td ( ) Tj ET Q q 0 0 0 rg BT 437.47 98.15 Td (subfacility ) Tj ET Q q 0 0 0 rg BT 482.57 98.15 Td (for ) Tj ET Q q 0 0 0 rg BT 497.11 98.15 Td (swingline ) Tj ET Q q 0 0 0 rg BT 538.89 98.15 Td (loans. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.15 Td (The ) Tj ET Q q 0 0 0 rg BT 67.34 86.15 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 111.29 86.15 Td (Facility ) Tj ET Q q 0 0 0 rg BT 144.13 86.15 Td (is ) Tj ET Q q 0 0 0 rg BT 153.09 86.15 Td (subject ) Tj ET Q q 0 0 0 rg BT 183.70 86.15 Td (to ) Tj ET Q q 0 0 0 rg BT 193.77 86.15 Td (a ) Tj ET Q q 0 0 0 rg BT 200.50 86.15 Td (line ) Tj ET Q q 0 0 0 rg BT 217.78 86.15 Td (cap ) Tj ET Q q 0 0 0 rg BT 233.95 86.15 Td (\(the ) Tj ET Q q 0 0 0 rg BT 251.79 86.15 Td (Line ) Tj ET Q q 0 0 0 rg BT 276.84 86.15 Td (Cap\) ) Tj ET Q q 0 0 0 rg BT 303.00 86.15 Td (equal ) Tj ET Q q 0 0 0 rg BT 326.95 86.15 Td (to ) Tj ET Q q 0 0 0 rg BT 337.02 86.15 Td (the ) Tj ET Q q 0 0 0 rg BT 351.52 86.15 Td (lesser ) Tj ET Q q 0 0 0 rg BT 376.58 86.15 Td (of ) Tj ET Q q 0 0 0 rg BT 387.20 86.15 Td (the ) Tj ET Q q 0 0 0 rg BT 401.70 86.15 Td (total ) Tj ET Q q 0 0 0 rg BT 421.77 86.15 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 465.72 86.15 Td (Credit ) Tj ET Q q 0 0 0 rg BT 493.00 86.15 Td (Commitment ) Tj ET Q q 0 0 0 rg BT 548.07 86.15 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.15 Td (the ) Tj ET Q q 0 0 0 rg BT 64.52 74.15 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 106.18 74.15 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 150.64 74.15 Td (bases ) Tj ET Q q 0 0 0 rg BT 175.10 74.15 Td (under ) Tj ET Q q 0 0 0 rg BT 200.66 74.15 Td (the ) Tj ET Q q 0 0 0 rg BT 215.68 74.15 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 236.26 74.15 Td (facility) Tj ET Q q 0 0 0 rg BT 263.93 74.15 Td (, ) Tj ET Q q 0 0 0 rg BT 269.23 74.15 Td (the ) Tj ET Q q 0 0 0 rg BT 284.25 74.15 Td (European ) Tj ET Q q 0 0 0 rg BT 325.36 74.15 Td (facility) Tj ET Q q 0 0 0 rg BT 353.04 74.15 Td (, ) Tj ET Q q 0 0 0 rg BT 358.33 74.15 Td (the ) Tj ET Q q 0 0 0 rg BT 373.35 74.15 Td (Hong ) Tj ET Q q 0 0 0 rg BT 398.37 74.15 Td (Kong ) Tj ET Q q 0 0 0 rg BT 423.39 74.15 Td (facility) Tj ET Q q 0 0 0 rg BT 451.06 74.15 Td (, ) Tj ET Q q 0 0 0 rg BT 456.36 74.15 Td (the ) Tj ET Q q 0 0 0 rg BT 471.38 74.15 Td (French ) Tj ET Q q 0 0 0 rg BT 501.95 74.15 Td (facility ) Tj ET Q q 0 0 0 rg BT 533.07 74.15 Td (and ) Tj ET Q q 0 0 0 rg BT 550.30 74.15 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.15 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 89.50 62.15 Td (facility) Tj ET Q q 0 0 0 rg BT 117.17 62.15 Td (. ) Tj ET Q q 0 0 0 rg BT 121.75 62.15 Td (The ) Tj ET Q q 0 0 0 rg BT 139.54 62.15 Td (loans ) Tj ET Q q 0 0 0 rg BT 162.88 62.15 Td (under ) Tj ET Q q 0 0 0 rg BT 187.89 62.15 Td (the ) Tj ET Q q 0 0 0 rg BT 202.35 62.15 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 246.25 62.15 Td (Facility ) Tj ET Q q 0 0 0 rg BT 279.04 62.15 Td (were ) Tj ET Q q 0 0 0 rg BT 300.71 62.15 Td (used ) Tj ET Q q 0 0 0 rg BT 321.28 62.15 Td (to ) Tj ET Q q 0 0 0 rg BT 331.29 62.15 Td (repay ) Tj ET Q q 0 0 0 rg BT 355.74 62.15 Td (the ) Tj ET Q q 0 0 0 rg BT 370.20 62.15 Td (Prior ) Tj ET Q q 0 0 0 rg BT 392.43 62.15 Td (Credit ) Tj ET Q q 0 0 0 rg BT 419.17 62.15 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 468.34 62.15 Td (as ) Tj ET Q q 0 0 0 rg BT 478.91 62.15 Td (described ) Tj ET Q q 0 0 0 rg BT 519.46 62.15 Td (above, ) Tj ET Q q 0 0 0 rg BT 548.08 62.15 Td (pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 50.15 Td (transaction ) Tj ET Q q 0 0 0 rg BT 94.97 50.15 Td (expenses ) Tj ET Q q 0 0 0 rg BT 132.66 50.15 Td (and ) Tj ET Q q 0 0 0 rg BT 148.70 50.15 Td (for ) Tj ET Q q 0 0 0 rg BT 161.95 50.15 Td (general ) Tj ET Q q 0 0 0 rg BT 192.97 50.15 Td (corporate ) 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(non-U.S. ) Tj ET Q q 0 0 0 rg BT 463.31 582.60 Td (borrower) Tj ET Q q 0 0 0 rg BT 499.56 582.60 Td (, ) Tj ET Q q 0 0 0 rg BT 504.99 582.60 Td (minus ) Tj ET Q q 0 0 0 rg BT 532.36 582.60 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 550.28 582.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 90.16 570.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 121.95 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 132.08 570.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 169.14 570.60 Td (if ) Tj ET Q q 0 0 0 rg BT 177.05 570.60 Td (any) Tj ET Q q 0 0 0 rg BT 190.84 570.60 Td (, ) Tj ET Q q 0 0 0 rg BT 195.13 570.60 Td (established ) Tj ET Q q 0 0 0 rg BT 241.37 570.60 Td (by ) Tj ET Q q 0 0 0 rg BT 253.16 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 266.78 570.60 Td (ABL) Tj ET Q q 0 0 0 rg BT 286.41 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 287.81 570.60 Td (Agent; ) Tj ET Q q 0 0 0 rg BT 316.83 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 333.06 570.60 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 345.96 570.60 Td (with ) Tj ET Q q 0 0 0 rg BT 365.54 570.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 395.65 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 405.23 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 419.24 570.60 Td (French ) Tj ET Q q 0 0 0 rg BT 448.81 570.60 Td (Borrower) Tj ET Q q 0 0 0 rg BT 486.73 570.60 Td (, ) Tj ET Q q 0 0 0 rg BT 491.03 570.60 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.27 570.60 Td (85%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.60 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 522.39 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 532.52 570.60 Td (eligible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (French ) Tj ET Q q 0 0 0 rg BT 79.37 558.60 Td (accounts ) Tj ET Q q 0 0 0 rg BT 116.46 558.60 Td (receivable ) Tj ET Q q 0 0 0 rg BT 159.64 558.60 Td (minus ) Tj ET Q q 0 0 0 rg BT 186.20 558.60 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 200.52 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 214.84 558.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 255.80 558.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 287.90 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 298.33 558.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 335.70 558.60 Td (if ) Tj ET Q q 0 0 0 rg BT 343.91 558.60 Td (any) Tj ET Q q 0 0 0 rg BT 357.70 558.60 Td (, ) Tj ET Q q 0 0 0 rg BT 362.30 558.60 Td (established ) Tj ET Q q 0 0 0 rg BT 408.84 558.60 Td (by ) Tj ET Q q 0 0 0 rg BT 420.94 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 434.80 558.60 Td (ABL) Tj ET Q q 0 0 0 rg BT 454.43 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 456.07 558.60 Td (Agent. ) Tj ET Q q 0 0 0 rg BT 485.11 558.60 Td (Not ) Tj ET Q q 0 0 0 rg BT 502.21 558.60 Td (more ) Tj ET Q q 0 0 0 rg BT 524.86 558.60 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.18 558.60 Td (60%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 546.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 116.41 546.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 160.57 546.60 Td (base ) Tj ET Q q 0 0 0 rg BT 180.84 546.60 Td (under ) Tj ET Q q 0 0 0 rg BT 206.11 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 220.82 546.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 264.99 546.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 298.04 546.60 Td (may ) Tj ET Q q 0 0 0 rg BT 317.76 546.60 Td (consist ) Tj ET Q q 0 0 0 rg BT 348.04 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 358.87 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 373.58 546.60 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 412.20 546.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 456.36 546.60 Td (bases.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 522.60 Td (Eurodollar ) Tj ET Q q 0 0 0 rg BT 117.27 522.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 140.88 522.60 Td (under ) Tj ET Q q 0 0 0 rg BT 166.16 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 180.88 522.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 201.17 522.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 232.00 522.60 Td (will ) Tj ET Q q 0 0 0 rg BT 250.06 522.60 Td (bear ) Tj ET Q q 0 0 0 rg BT 269.78 522.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 301.72 522.60 Td (at ) Tj ET Q q 0 0 0 rg BT 311.44 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 326.16 522.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 361.99 522.60 Td (LIBO ) Tj ET Q q 0 0 0 rg BT 387.83 522.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 405.32 522.60 Td (plus ) Tj ET Q q 0 0 0 rg BT 424.50 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 439.22 522.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 482.82 522.60 Td (rate, ) Tj ET Q q 0 0 0 rg BT 502.81 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 519.75 522.60 Td (Eurodollar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 72.64 510.60 Td (under ) Tj ET Q q 0 0 0 rg BT 97.43 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 111.68 510.60 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 151.47 510.60 Td (facility) Tj ET Q q 0 0 0 rg BT 179.14 510.60 Td (, ) Tj ET Q q 0 0 0 rg BT 183.67 510.60 Td (European ) Tj ET Q q 0 0 0 rg BT 224.02 510.60 Td (facility) Tj ET Q q 0 0 0 rg BT 251.69 510.60 Td (, ) Tj ET Q q 0 0 0 rg BT 256.22 510.60 Td (French ) Tj ET Q q 0 0 0 rg BT 286.01 510.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 316.36 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 332.83 510.60 Td (Hong ) Tj ET Q q 0 0 0 rg BT 357.08 510.60 Td (Kong ) Tj ET Q q 0 0 0 rg BT 381.33 510.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 411.68 510.60 Td (will ) Tj ET Q q 0 0 0 rg BT 429.27 510.60 Td (bear ) Tj ET Q q 0 0 0 rg BT 448.50 510.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 479.96 510.60 Td (at ) Tj ET Q q 0 0 0 rg BT 489.21 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 503.46 510.60 Td (LIBO ) Tj ET Q q 0 0 0 rg BT 528.81 510.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 545.83 510.60 Td (plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.64 498.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 106.66 498.60 Td (rate. ) Tj ET Q q 0 0 0 rg BT 126.07 498.60 Td (Base ) Tj ET Q q 0 0 0 rg BT 147.44 498.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 164.35 498.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 187.39 498.60 Td (under ) Tj ET Q q 0 0 0 rg BT 212.09 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 226.23 498.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 245.94 498.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 276.19 498.60 Td (will ) Tj ET Q q 0 0 0 rg BT 293.67 498.60 Td (bear ) Tj ET Q q 0 0 0 rg BT 312.81 498.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 344.17 498.60 Td (at ) Tj ET Q q 0 0 0 rg BT 353.31 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 367.46 498.60 Td (alternate ) Tj ET Q q 0 0 0 rg BT 403.81 498.60 Td (base ) Tj ET Q q 0 0 0 rg BT 423.50 498.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 440.42 498.60 Td (plus ) Tj ET Q q 0 0 0 rg BT 459.01 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 473.16 498.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 516.17 498.60 Td (rate. ) Tj ET Q q 0 0 0 rg BT 535.59 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 537.51 498.60 Td (Under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.63 486.60 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 103.31 486.60 Td (facility) Tj ET Q q 0 0 0 rg BT 130.98 486.60 Td (, ) Tj ET Q q 0 0 0 rg BT 135.40 486.60 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 175.08 486.60 Td (prime ) Tj ET Q q 0 0 0 rg BT 200.32 486.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 217.22 486.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 240.24 486.60 Td (will ) Tj ET Q q 0 0 0 rg BT 257.71 486.60 Td (bear ) Tj ET Q q 0 0 0 rg BT 276.84 486.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 308.19 486.60 Td (at ) Tj ET Q q 0 0 0 rg BT 317.32 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 331.45 486.60 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 371.13 486.60 Td (prime ) Tj ET Q q 0 0 0 rg BT 396.37 486.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 413.27 486.60 Td (plus ) Tj ET Q q 0 0 0 rg BT 431.86 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 445.99 486.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 488.99 486.60 Td (rate, ) Tj ET Q q 0 0 0 rg BT 508.40 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 524.75 486.60 Td (Canadian ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (dollar ) Tj ET Q q 0 0 0 rg BT 75.49 474.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 99.27 474.60 Td (will ) Tj ET Q q 0 0 0 rg BT 117.49 474.60 Td (bear ) Tj ET Q q 0 0 0 rg BT 137.37 474.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 169.47 474.60 Td (at ) Tj ET Q q 0 0 0 rg BT 179.35 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 194.24 474.60 Td (CDOR ) Tj ET Q q 0 0 0 rg BT 224.69 474.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 242.34 474.60 Td (plus ) Tj ET Q q 0 0 0 rg BT 261.68 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 276.56 474.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 320.32 474.60 Td (rate. ) Tj ET Q q 0 0 0 rg BT 340.47 474.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 368.13 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 383.01 474.60 Td (Hong ) Tj ET Q q 0 0 0 rg BT 407.90 474.60 Td (Kong ) Tj ET Q q 0 0 0 rg BT 432.79 474.60 Td (facility) Tj ET Q q 0 0 0 rg BT 460.46 474.60 Td (, ) Tj ET Q q 0 0 0 rg BT 465.63 474.60 Td (Hong ) Tj ET Q q 0 0 0 rg BT 490.52 474.60 Td (Kong ) Tj ET Q q 0 0 0 rg BT 515.41 474.60 Td (dollar ) Tj ET Q q 0 0 0 rg BT 541.40 474.60 Td (loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (will ) Tj ET Q q 0 0 0 rg BT 67.79 462.60 Td (bear ) Tj ET Q q 0 0 0 rg BT 87.73 462.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 119.90 462.60 Td (at ) Tj ET Q q 0 0 0 rg BT 129.85 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 144.80 462.60 Td (HIBOR ) Tj ET Q q 0 0 0 rg BT 178.64 462.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 196.36 462.60 Td (plus ) Tj ET Q q 0 0 0 rg BT 215.77 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 230.72 462.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 274.54 462.60 Td (rate. ) Tj ET Q q 0 0 0 rg BT 294.76 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 297.49 462.60 Td (Each ) Tj ET Q q 0 0 0 rg BT 320.21 462.60 Td (swingline ) Tj ET Q q 0 0 0 rg BT 361.83 462.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 381.78 462.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 403.40 462.60 Td (bear ) Tj ET Q q 0 0 0 rg BT 423.34 462.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 455.51 462.60 Td (at ) Tj ET Q q 0 0 0 rg BT 465.46 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 480.41 462.60 Td (overnight ) Tj ET Q q 0 0 0 rg BT 521.47 462.60 Td (LIBO ) Tj ET Q q 0 0 0 rg BT 547.53 462.60 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (plus ) Tj ET Q q 0 0 0 rg BT 68.34 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 82.72 450.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 125.97 450.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 143.12 450.60 Td (for ) Tj ET Q q 0 0 0 rg BT 156.95 450.60 Td (overnight ) Tj ET Q q 0 0 0 rg BT 197.44 450.60 Td (LIBO ) Tj ET Q q 0 0 0 rg BT 222.94 450.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 240.09 450.60 Td (loans. ) Tj ET Q q 0 0 0 rg BT 265.70 450.60 Td (The ) Tj ET Q q 0 0 0 rg BT 283.42 450.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 326.67 450.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 343.82 450.60 Td (varies ) Tj ET Q q 0 0 0 rg BT 369.86 450.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.47 450.60 Td (1.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.30 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 419.46 450.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.41 450.60 Td (1.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.24 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 457.40 450.60 Td (for ) Tj ET Q q 0 0 0 rg BT 471.23 450.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 506.72 450.60 Td (LIBO, ) Tj ET Q q 0 0 0 rg BT 534.71 450.60 Td (CDOR ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 65.76 438.60 Td (HIBOR ) Tj ET Q q 0 0 0 rg BT 98.69 438.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 115.49 438.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 138.42 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 154.67 438.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.93 438.60 Td (0.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.76 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 203.58 438.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.17 438.60 Td (0.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.00 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 240.82 438.60 Td (for ) Tj ET Q q 0 0 0 rg BT 254.30 438.60 Td (alternate ) Tj ET Q q 0 0 0 rg BT 290.54 438.60 Td (base ) Tj ET Q q 0 0 0 rg BT 310.12 438.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 326.93 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 343.18 438.60 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 382.76 438.60 Td (prime ) Tj ET Q q 0 0 0 rg BT 407.91 438.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 424.71 438.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 447.64 438.60 Td (depending ) Tj ET Q q 0 0 0 rg BT 491.11 438.60 Td (on ) Tj ET Q q 0 0 0 rg BT 502.93 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 516.96 438.60 Td (Company) Tj ET Q q 0 0 0 rg BT 558.63 438.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (average ) Tj ET Q q 0 0 0 rg BT 82.69 426.60 Td (daily ) Tj ET Q q 0 0 0 rg BT 104.79 426.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 132.99 426.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 180.08 426.60 Td (under ) Tj ET Q q 0 0 0 rg BT 204.95 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 219.27 426.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 263.04 426.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 295.69 426.60 Td (for ) Tj ET Q q 0 0 0 rg BT 309.46 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 323.78 426.60 Td (most ) Tj ET Q q 0 0 0 rg BT 345.33 426.60 Td (recently ) Tj ET Q q 0 0 0 rg BT 379.63 426.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 405.62 426.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 429.37 426.60 Td (quarter) Tj ET Q q 0 0 0 rg BT 457.29 426.60 Td (, ) Tj ET Q q 0 0 0 rg BT 461.89 426.60 Td (which ) Tj ET Q q 0 0 0 rg BT 488.43 426.60 Td (is ) Tj ET Q q 0 0 0 rg BT 497.21 426.60 Td (an ) Tj ET Q q 0 0 0 rg BT 508.75 426.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 540.85 426.60 Td (equal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 414.60 Td (\(x\)\(1\) ) Tj ET Q q 0 0 0 rg BT 86.60 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 101.82 414.60 Td (lesser ) Tj ET Q q 0 0 0 rg BT 127.60 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 138.93 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 154.15 414.60 Td (total ) Tj ET Q q 0 0 0 rg BT 174.92 414.60 Td (revolving ) Tj ET Q q 0 0 0 rg BT 216.25 414.60 Td (commitments ) Tj ET Q q 0 0 0 rg BT 273.69 414.60 Td (then ) Tj ET Q q 0 0 0 rg BT 293.91 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 304.70 414.60 Td (ef) Tj ET Q q 0 0 0 rg BT 312.28 414.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 330.27 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 347.71 414.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 362.38 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 377.60 414.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 419.46 414.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 464.12 414.60 Td (base, ) Tj ET Q q 0 0 0 rg BT 487.40 414.60 Td (minus ) Tj ET Q q 0 0 0 rg BT 514.85 414.60 Td (\(y\) ) Tj ET Q q 0 0 0 rg BT 529.51 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 544.73 414.60 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 74.76 402.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 113.36 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 124.19 402.60 Td (all ) Tj ET Q q 0 0 0 rg BT 136.14 402.60 Td (ABL) Tj ET Q q 0 0 0 rg BT 155.76 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 158.26 402.60 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 192.97 402.60 Td (at ) Tj ET Q q 0 0 0 rg BT 202.69 402.60 Td (such ) Tj ET Q q 0 0 0 rg BT 223.52 402.60 Td (time. ) Tj ET Q q 0 0 0 rg BT 246.29 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 248.79 402.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 378.60 Td (The ) Tj ET Q q 0 0 0 rg BT 90.23 378.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 134.58 378.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 167.82 378.60 Td (also ) Tj ET Q q 0 0 0 rg BT 186.61 378.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 222.63 378.60 Td (a ) Tj ET Q q 0 0 0 rg BT 229.75 378.60 Td (commitment ) Tj ET Q q 0 0 0 rg BT 282.98 378.60 Td (fee, ) Tj ET Q q 0 0 0 rg BT 300.37 378.60 Td (payable ) Tj ET Q q 0 0 0 rg BT 334.15 378.60 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 372.93 378.60 Td (in ) Tj ET Q q 0 0 0 rg BT 383.40 378.60 Td (arrears, ) Tj ET Q q 0 0 0 rg BT 415.78 378.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.79 378.60 Td (0.250%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.63 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 460.31 378.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.33 378.60 Td (0.375%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.16 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 504.84 378.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 552.51 378.60 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (reference ) Tj ET Q q 0 0 0 rg BT 89.32 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 99.73 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 114.58 366.60 Td (average ) Tj ET Q q 0 0 0 rg BT 148.30 366.60 Td (daily ) Tj ET Q q 0 0 0 rg BT 170.94 366.60 Td (unused ) Tj ET Q q 0 0 0 rg BT 201.90 366.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 233.42 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 244.39 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.24 366.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 289.64 366.60 Td (commitment ) Tj ET Q q 0 0 0 rg BT 342.82 366.60 Td (under ) Tj ET Q q 0 0 0 rg BT 368.23 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 383.08 366.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 427.38 366.60 Td (Facility) Tj ET Q q 0 0 0 rg BT 457.28 366.60 Td (. ) Tj ET Q q 0 0 0 rg BT 462.23 366.60 Td (The ) Tj ET Q q 0 0 0 rg BT 479.83 366.60 Td (ABL) Tj ET Q q 0 0 0 rg BT 499.46 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 502.09 366.60 Td (Borrowers ) Tj ET Q q 0 0 0 rg BT 546.94 366.60 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 66.44 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 80.60 354.60 Td (ABL) Tj ET Q q 0 0 0 rg BT 100.23 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 102.18 354.60 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 131.62 354.60 Td (on ) Tj ET Q q 0 0 0 rg BT 144.12 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 158.84 354.60 Td (account ) Tj ET Q q 0 0 0 rg BT 192.43 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 203.26 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 217.98 354.60 Td (issuing ) Tj ET Q q 0 0 0 rg BT 248.26 354.60 Td (ABL) Tj ET Q q 0 0 0 rg BT 267.89 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 270.39 354.60 Td (Lenders, ) Tj ET Q q 0 0 0 rg BT 307.60 354.60 Td (an ) Tj ET Q q 0 0 0 rg BT 319.54 354.60 Td (issuance ) Tj ET Q q 0 0 0 rg BT 355.92 354.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 370.62 354.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.45 354.60 Td (0.125%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.28 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 414.78 354.60 Td (for ) Tj ET Q q 0 0 0 rg BT 428.94 354.60 Td (any ) Tj ET Q q 0 0 0 rg BT 445.88 354.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 473.38 354.60 Td (Letters ) Tj ET Q q 0 0 0 rg BT 503.65 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 514.48 354.60 Td (Credit. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 330.60 Td (The ) Tj ET Q q 0 0 0 rg BT 89.08 330.60 Td (ABL) Tj ET Q q 0 0 0 rg BT 108.71 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 110.68 330.60 Td (Borrowers ) Tj ET Q q 0 0 0 rg BT 154.85 330.60 Td (are ) Tj ET Q q 0 0 0 rg BT 169.03 330.60 Td (permitted ) Tj ET Q q 0 0 0 rg BT 209.31 330.60 Td (to ) Tj ET Q q 0 0 0 rg BT 219.06 330.60 Td (voluntarily ) Tj ET Q q 0 0 0 rg BT 264.91 330.60 Td (prepay ) Tj ET Q q 0 0 0 rg BT 294.08 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 308.27 330.60 Td (revolving ) Tj ET Q q 0 0 0 rg BT 348.56 330.60 Td (loans, ) Tj ET Q q 0 0 0 rg BT 374.13 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 383.88 330.60 Td (whole ) Tj ET Q q 0 0 0 rg BT 410.28 330.60 Td (or ) Tj ET Q q 0 0 0 rg BT 420.58 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 430.33 330.60 Td (part, ) Tj ET Q q 0 0 0 rg BT 450.34 330.60 Td (without ) Tj ET Q q 0 0 0 rg BT 482.86 330.60 Td (premium ) Tj ET Q q 0 0 0 rg BT 520.93 330.60 Td (or ) Tj ET Q q 0 0 0 rg BT 531.23 330.60 Td (penalty) Tj ET Q q 0 0 0 rg BT 560.01 330.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (The ) Tj ET Q q 0 0 0 rg BT 67.27 318.60 Td (ABL) Tj ET Q q 0 0 0 rg BT 86.90 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 89.76 318.60 Td (Borrowers ) Tj ET Q q 0 0 0 rg BT 134.83 318.60 Td (may ) Tj ET Q q 0 0 0 rg BT 154.91 318.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 184.41 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 199.49 318.60 Td (commitments ) Tj ET Q q 0 0 0 rg BT 256.79 318.60 Td (at ) Tj ET Q q 0 0 0 rg BT 266.86 318.60 Td (any ) Tj ET Q q 0 0 0 rg BT 284.16 318.60 Td (time, ) Tj ET Q q 0 0 0 rg BT 307.29 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 317.93 318.60 Td (whole ) Tj ET Q q 0 0 0 rg BT 345.23 318.60 Td (or ) Tj ET Q q 0 0 0 rg BT 356.42 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 367.05 318.60 Td (part, ) Tj ET Q q 0 0 0 rg BT 387.96 318.60 Td (without ) Tj ET Q q 0 0 0 rg BT 421.37 318.60 Td (premium ) Tj ET Q q 0 0 0 rg BT 460.34 318.60 Td (or ) Tj ET Q q 0 0 0 rg BT 471.53 318.60 Td (penalty) Tj ET Q q 0 0 0 rg BT 500.31 318.60 Td (, ) Tj ET Q q 0 0 0 rg BT 505.67 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 516.31 318.60 Td (a ) Tj ET Q q 0 0 0 rg BT 523.60 318.60 Td (minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 91.33 306.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 129.84 306.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 162.80 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 174.09 306.60 Td (not ) Tj ET Q q 0 0 0 rg BT 189.84 306.60 Td (less ) Tj ET Q q 0 0 0 rg BT 207.81 306.60 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.99 306.60 Td ($5.0 ) Tj ET Q q 0 0 0 rg BT 248.46 306.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.35 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 280.31 306.60 Td (or ) Tj ET Q q 0 0 0 rg BT 291.61 306.60 Td (increments ) Tj ET Q q 0 0 0 rg BT 338.45 306.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.74 306.60 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 370.21 306.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.10 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 402.07 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 412.81 306.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 441.88 306.60 Td (thereof. ) Tj ET Q q 0 0 0 rg BT 475.66 306.60 Td (If ) Tj ET Q q 0 0 0 rg BT 485.29 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 500.47 306.60 Td (total ) Tj ET Q q 0 0 0 rg BT 521.21 306.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 554.17 306.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.32 294.60 Td (revolving ) Tj ET Q q 0 0 0 rg BT 138.79 294.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 162.05 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 178.64 294.60 Td (Letters ) Tj ET Q q 0 0 0 rg BT 208.56 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 219.04 294.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 246.18 294.60 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 279.98 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 294.35 294.60 Td (total ) Tj ET Q q 0 0 0 rg BT 314.27 294.60 Td (commitment ) Tj ET Q q 0 0 0 rg BT 366.97 294.60 Td (under ) Tj ET Q q 0 0 0 rg BT 391.89 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 406.26 294.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 450.07 294.60 Td (Facility) Tj ET Q q 0 0 0 rg BT 479.97 294.60 Td (, ) Tj ET Q q 0 0 0 rg BT 484.62 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 498.52 294.60 Td (ABL) Tj ET Q q 0 0 0 rg BT 518.15 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 520.30 294.60 Td (Borrowers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (must ) Tj ET Q q 0 0 0 rg BT 71.45 282.60 Td (prepay ) Tj ET Q q 0 0 0 rg BT 101.16 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 115.87 282.60 Td (revolving ) Tj ET Q q 0 0 0 rg BT 156.70 282.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 180.31 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 190.58 282.60 Td (an ) Tj ET Q q 0 0 0 rg BT 202.52 282.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 235.02 282.60 Td (equal ) Tj ET Q q 0 0 0 rg BT 259.17 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 269.45 282.60 Td (such ) Tj ET Q q 0 0 0 rg BT 290.28 282.60 Td (excess.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 258.60 Td (During ) Tj ET Q q 0 0 0 rg BT 103.19 258.60 Td (any ) Tj ET Q q 0 0 0 rg BT 120.49 258.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 152.79 258.60 Td (\(each, ) Tj ET Q q 0 0 0 rg BT 179.79 258.60 Td (a ) Tj ET Q q 0 0 0 rg BT 187.09 258.60 Td (Covenant ) Tj ET Q q 0 0 0 rg BT 232.72 258.60 Td (Period\) ) Tj ET Q q 0 0 0 rg BT 269.45 258.60 Td (while ) Tj ET Q q 0 0 0 rg BT 294.53 258.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 342.38 258.60 Td (under ) Tj ET Q q 0 0 0 rg BT 368.01 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 383.08 258.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 427.61 258.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 461.02 258.60 Td (is ) Tj ET Q q 0 0 0 rg BT 470.55 258.60 Td (less ) Tj ET Q q 0 0 0 rg BT 488.41 258.60 Td (than ) Tj ET Q q 0 0 0 rg BT 508.49 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 523.57 258.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 554.18 258.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (\(x\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.55 246.60 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.88 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 84.27 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 94.99 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 109.60 246.60 Td (Line ) Tj ET Q q 0 0 0 rg BT 130.31 246.60 Td (Cap ) Tj ET Q q 0 0 0 rg BT 148.81 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 165.64 246.60 Td (\(y\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.69 246.60 Td ($30.0 ) Tj ET Q q 0 0 0 rg BT 204.58 246.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.47 246.60 Td (, ) Tj ET Q q 0 0 0 rg BT 238.36 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 252.97 246.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 294.25 246.60 Td (will ) Tj ET Q q 0 0 0 rg BT 312.19 246.60 Td (be ) Tj ET Q q 0 0 0 rg BT 324.02 246.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 354.74 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 364.91 246.60 Td (a ) Tj ET Q q 0 0 0 rg BT 371.73 246.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 409.10 246.60 Td (covenant ) Tj ET Q q 0 0 0 rg BT 447.59 246.60 Td (which ) Tj ET Q q 0 0 0 rg BT 474.42 246.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 509.01 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 246.60 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.88 234.60 Td (not ) Tj ET Q q 0 0 0 rg BT 75.27 234.60 Td (permit ) Tj ET Q q 0 0 0 rg BT 103.98 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 118.80 234.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 141.96 234.60 Td (char) Tj ET Q q 0 0 0 rg BT 158.98 234.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 171.03 234.60 Td (coverage ) Tj ET Q q 0 0 0 rg BT 209.72 234.60 Td (ratio ) Tj ET Q q 0 0 0 rg BT 230.65 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 241.03 234.60 Td (be ) Tj ET Q q 0 0 0 rg BT 253.08 234.60 Td (less ) Tj ET Q q 0 0 0 rg BT 270.69 234.60 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.51 234.60 Td (1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.01 234.60 Td ( ) Tj ET Q q 0 0 0 rg BT 310.62 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 321.00 234.60 Td (1.00 ) Tj ET Q q 0 0 0 rg BT 341.11 234.60 Td (on ) Tj ET Q q 0 0 0 rg BT 353.71 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 368.54 234.60 Td (first ) Tj ET Q q 0 0 0 rg BT 387.25 234.60 Td (day ) Tj ET Q q 0 0 0 rg BT 404.30 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 415.23 234.60 Td (such ) Tj ET Q q 0 0 0 rg BT 436.17 234.60 Td (Covenant ) Tj ET Q q 0 0 0 rg BT 477.10 234.60 Td (Period ) Tj ET Q q 0 0 0 rg BT 505.82 234.60 Td (or ) Tj ET Q q 0 0 0 rg BT 516.75 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 531.58 234.60 Td (last ) Tj ET Q q 0 0 0 rg BT 548.07 234.60 Td (day ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 222.60 Td (each ) Tj ET Q q 0 0 0 rg BT 81.15 222.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 105.30 222.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 136.12 222.60 Td (during ) Tj ET Q q 0 0 0 rg BT 164.72 222.60 Td (such ) Tj ET Q q 0 0 0 rg BT 185.55 222.60 Td (Covenant ) Tj ET Q q 0 0 0 rg BT 226.38 222.60 Td (Period. ) Tj ET Q q 0 0 0 rg BT 257.49 222.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 198.60 Td (The ) Tj ET Q q 0 0 0 rg BT 89.11 198.60 Td (ABL) Tj ET Q q 0 0 0 rg BT 108.74 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 110.74 198.60 Td (Borrowers ) Tj ET Q q 0 0 0 rg BT 154.96 198.60 Td (have ) Tj ET Q q 0 0 0 rg BT 175.85 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 190.07 198.60 Td (right ) Tj ET Q q 0 0 0 rg BT 210.96 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 220.74 198.60 Td (request ) Tj ET Q q 0 0 0 rg BT 251.63 198.60 Td (an ) Tj ET Q q 0 0 0 rg BT 263.07 198.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 297.83 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 307.62 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 321.84 198.60 Td (commitments ) Tj ET Q q 0 0 0 rg BT 378.28 198.60 Td (under ) Tj ET Q q 0 0 0 rg BT 403.06 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 417.28 198.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 460.95 198.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 493.51 198.60 Td (or ) Tj ET Q q 0 0 0 rg BT 503.84 198.60 Td (any ) Tj ET Q q 0 0 0 rg BT 520.29 198.60 Td (subfacility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.37 186.60 Td (an ) Tj ET Q q 0 0 0 rg BT 70.90 186.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 111.86 186.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 149.50 186.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 181.58 186.60 Td (not ) Tj ET Q q 0 0 0 rg BT 196.46 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 206.33 186.60 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.18 186.60 Td ($75.0 ) Tj ET Q q 0 0 0 rg BT 260.77 186.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.66 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 291.76 186.60 Td (in ) Tj ET Q q 0 0 0 rg BT 301.63 186.60 Td (increments ) Tj ET Q q 0 0 0 rg BT 347.59 186.60 Td (no ) Tj ET Q q 0 0 0 rg BT 359.69 186.60 Td (less ) Tj ET Q q 0 0 0 rg BT 376.78 186.60 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.09 186.60 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 420.69 186.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.58 186.60 Td (, ) Tj ET Q q 0 0 0 rg BT 454.17 186.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 484.59 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 494.46 186.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 523.76 186.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 548.07 186.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 94.11 174.60 Td (as ) Tj ET Q q 0 0 0 rg BT 105.39 174.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 138.32 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 149.05 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 164.21 174.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 208.82 174.60 Td (Facility) Tj ET Q q 0 0 0 rg BT 238.72 174.60 Td (, ) Tj ET Q q 0 0 0 rg BT 244.17 174.60 Td (including ) Tj ET Q q 0 0 0 rg BT 284.89 174.60 Td (that ) Tj ET Q q 0 0 0 rg BT 302.83 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 317.78 174.60 Td (T) Tj ET Q q 0 0 0 rg BT 323.19 174.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 341.69 174.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 365.18 174.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 398.68 174.60 Td (has ) Tj ET Q q 0 0 0 rg BT 414.96 174.60 Td (been ) Tj ET Q q 0 0 0 rg BT 436.78 174.60 Td (amended, ) Tj ET Q q 0 0 0 rg BT 478.32 174.60 Td (restated ) Tj ET Q q 0 0 0 rg BT 512.36 174.60 Td (or ) Tj ET Q q 0 0 0 rg BT 523.64 174.60 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (modified ) Tj ET Q q 0 0 0 rg BT 88.10 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 98.38 162.60 Td (permit ) Tj ET Q q 0 0 0 rg BT 126.99 162.60 Td (any ) Tj ET Q q 0 0 0 rg BT 143.92 162.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 186.41 162.60 Td (commitments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 138.60 Td (The ) Tj ET Q q 0 0 0 rg BT 90.04 138.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 134.20 138.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 167.24 138.60 Td (is ) Tj ET Q q 0 0 0 rg BT 176.40 138.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 209.43 138.60 Td (by ) Tj ET Q q 0 0 0 rg BT 221.93 138.60 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 267.17 138.60 Td (by ) Tj ET Q q 0 0 0 rg BT 279.67 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 294.38 138.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 335.75 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 352.69 138.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 382.38 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 393.20 138.60 Td (its ) Tj ET Q q 0 0 0 rg BT 405.14 138.60 Td (domestic ) Tj ET Q q 0 0 0 rg BT 443.74 138.60 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 495.40 138.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 545.30 138.60 Td (, ) Tj ET Q q 0 0 0 rg BT 550.29 138.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.57 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 107.20 126.60 Td (such ) Tj ET Q q 0 0 0 rg BT 127.71 126.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 177.12 126.60 Td (have ) Tj ET Q q 0 0 0 rg BT 198.18 126.60 Td (granted ) Tj ET Q q 0 0 0 rg BT 230.35 126.60 Td (liens ) Tj ET Q q 0 0 0 rg BT 251.43 126.60 Td (on ) Tj ET Q q 0 0 0 rg BT 263.61 126.60 Td (all ) Tj ET Q q 0 0 0 rg BT 275.79 126.60 Td (or ) Tj ET Q q 0 0 0 rg BT 286.31 126.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 339.05 126.60 Td (all ) Tj ET Q q 0 0 0 rg BT 351.23 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 361.75 126.60 Td (their ) Tj ET Q q 0 0 0 rg BT 382.26 126.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 407.78 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 417.74 126.60 Td (order ) Tj ET Q q 0 0 0 rg BT 441.03 126.60 Td (to ) Tj ET Q q 0 0 0 rg BT 450.99 126.60 Td (secure ) Tj ET Q q 0 0 0 rg BT 478.71 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 493.12 126.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 539.75 126.60 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 65.42 114.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 110.78 114.60 Td (Facility) Tj ET Q q 0 0 0 rg BT 140.68 114.60 Td (. ) Tj ET Q q 0 0 0 rg BT 146.88 114.60 Td (In ) Tj ET Q q 0 0 0 rg BT 158.92 114.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 197.89 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.81 114.60 Td (Swiss ) Tj ET Q q 0 0 0 rg BT 240.85 114.60 Td (Borrower) Tj ET Q q 0 0 0 rg BT 278.77 114.60 Td (, ) Tj ET Q q 0 0 0 rg BT 284.97 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 300.89 114.60 Td (Hong ) Tj ET Q q 0 0 0 rg BT 326.81 114.60 Td (Kong ) Tj ET Q q 0 0 0 rg BT 352.73 114.60 Td (Borrower) Tj ET Q q 0 0 0 rg BT 390.65 114.60 Td (, ) Tj ET Q q 0 0 0 rg BT 396.85 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 412.77 114.60 Td (German ) Tj ET Q q 0 0 0 rg BT 448.68 114.60 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 490.70 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 508.83 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 524.75 114.60 Td (Canadian ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (Borrower) Tj ET Q q 0 0 0 rg BT 87.42 102.60 Td (, ) Tj ET Q q 0 0 0 rg BT 92.56 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 109.63 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 124.48 102.60 Td (other ) Tj ET Q q 0 0 0 rg BT 147.67 102.60 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 186.41 102.60 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 229.59 102.60 Td (from ) Tj ET Q q 0 0 0 rg BT 251.67 102.60 Td (time ) Tj ET Q q 0 0 0 rg BT 272.08 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 282.49 102.60 Td (time ) Tj ET Q q 0 0 0 rg BT 302.90 102.60 Td (party ) Tj ET Q q 0 0 0 rg BT 326.08 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 336.50 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 351.35 102.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 395.65 102.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 428.84 102.60 Td (are ) Tj ET Q q 0 0 0 rg BT 443.68 102.60 Td (required ) Tj ET Q q 0 0 0 rg BT 479.63 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 490.04 102.60 Td (enter ) Tj ET Q q 0 0 0 rg BT 512.67 102.60 Td (into ) Tj ET Q q 0 0 0 rg BT 530.86 102.60 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 98.25 90.60 Td (with ) Tj ET Q q 0 0 0 rg BT 118.10 90.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 148.50 90.60 Td (to ) Tj ET Q q 0 0 0 rg BT 158.36 90.60 Td (all ) Tj ET Q q 0 0 0 rg BT 170.43 90.60 Td (or ) Tj ET Q q 0 0 0 rg BT 180.84 90.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 233.47 90.60 Td (all ) Tj ET Q q 0 0 0 rg BT 245.55 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 255.96 90.60 Td (their ) Tj ET Q q 0 0 0 rg BT 276.37 90.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 301.78 90.60 Td (that ) Tj ET Q q 0 0 0 rg BT 318.85 90.60 Td (can ) Tj ET Q q 0 0 0 rg BT 334.81 90.60 Td (be ) Tj ET Q q 0 0 0 rg BT 346.33 90.60 Td (pledged ) Tj ET Q q 0 0 0 rg BT 380.06 90.60 Td (under ) Tj ET Q q 0 0 0 rg BT 404.91 90.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 448.08 90.60 Td (local ) Tj ET Q q 0 0 0 rg BT 469.59 90.60 Td (law) Tj ET Q q 0 0 0 rg BT 483.38 90.60 Td (, ) Tj ET Q q 0 0 0 rg BT 487.96 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 504.48 90.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 533.76 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 544.17 90.60 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (respective ) Tj ET Q q 0 0 0 rg BT 92.53 78.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 142.25 78.60 Td (may ) Tj ET Q q 0 0 0 rg BT 161.97 78.60 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 203.33 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 218.04 78.60 Td (respective ) Tj ET Q q 0 0 0 rg BT 261.08 78.60 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 299.69 78.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 346.63 78.60 Td (under ) Tj ET Q q 0 0 0 rg BT 371.90 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 386.62 78.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 430.78 78.60 Td (Facility) Tj ET Q q 0 0 0 rg BT 460.69 78.60 Td (. ) Tj ET Q q 0 0 0 rg BT 465.69 78.60 Td ( ) Tj ET Q endstream endobj 145 0 obj <>] /Rotate 0 /Contents 146 0 R>> endobj 146 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 690.60 Td (The Revolving Facility contains customary af) Tj ET Q q 0 0 0 rg BT 254.83 690.60 Td (firmative and negative covenants and events of default, such as compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (with annual audited and quarterly unaudited financial statements disclosures. 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 630.60 Td (The ) Tj ET Q q 0 0 0 rg BT 89.42 630.60 Td (T) Tj ET Q q 0 0 0 rg BT 94.83 630.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 112.40 630.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 134.97 630.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 167.55 630.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 204.01 630.60 Td (for ) Tj ET Q q 0 0 0 rg BT 217.69 630.60 Td (term ) Tj ET Q q 0 0 0 rg BT 238.04 630.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 261.17 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 270.97 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 285.21 630.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 326.12 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 335.92 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 350.16 630.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 391.05 630.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 428.61 630.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 460.63 630.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.98 630.60 Td ($200 ) Tj ET Q q 0 0 0 rg BT 493.01 630.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.90 630.60 Td (. ) Tj ET Q q 0 0 0 rg BT 526.42 630.60 Td (Proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (from ) Tj ET Q q 0 0 0 rg BT 70.93 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 84.99 618.60 Td (T) Tj ET Q q 0 0 0 rg BT 90.40 618.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 107.93 618.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 130.46 618.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 163.00 618.60 Td (were ) Tj ET Q q 0 0 0 rg BT 184.42 618.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 218.05 618.60 Td (by ) Tj ET Q q 0 0 0 rg BT 230.04 618.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.47 618.60 Td ($12.0 ) Tj ET Q q 0 0 0 rg BT 260.95 618.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.84 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 291.83 618.60 Td (original ) Tj ET Q q 0 0 0 rg BT 324.92 618.60 Td (issue ) Tj ET Q q 0 0 0 rg BT 346.91 618.60 Td (discount, ) Tj ET Q q 0 0 0 rg BT 385.28 618.60 Td (which ) Tj ET Q q 0 0 0 rg BT 411.71 618.60 Td (is 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0 rg BT 306.07 594.60 Td (at ) Tj ET Q q 0 0 0 rg BT 315.83 594.60 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 329.48 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 344.24 594.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 380.11 594.60 Td (LIBO ) Tj ET Q q 0 0 0 rg BT 405.99 594.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 423.52 594.60 Td (plus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.69 594.60 Td (6.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.52 594.60 Td (for ) Tj ET Q q 0 0 0 rg BT 485.22 594.60 Td (Eurodollar ) Tj ET Q q 0 0 0 rg BT 530.53 594.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 554.19 594.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 63.81 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 78.67 582.60 Td (alternate ) Tj ET Q q 0 0 0 rg BT 115.74 582.60 Td (base ) Tj ET Q q 0 0 0 rg BT 136.15 582.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 153.78 582.60 Td (plus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.95 582.60 Td (5.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.78 582.60 Td (for ) Tj ET Q q 0 0 0 rg BT 215.59 582.60 Td (alternate ) Tj ET Q q 0 0 0 rg BT 252.65 582.60 Td (base ) Tj ET Q q 0 0 0 rg BT 273.07 582.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 290.70 582.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 314.46 582.60 Td (as ) Tj ET Q q 0 0 0 rg BT 325.43 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 336.41 582.60 Td (December ) Tj ET Q q 0 0 0 rg BT 380.14 582.60 Td (28, ) Tj ET Q q 0 0 0 rg BT 395.29 582.60 Td (2019. ) Tj ET Q q 0 0 0 rg BT 420.43 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 423.08 582.60 Td (In ) Tj ET Q q 0 0 0 rg BT 434.06 582.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 480.57 582.60 Td (with ) Tj ET Q q 0 0 0 rg BT 501.00 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 515.86 582.60 Td (amendment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 81.79 570.60 Td (into ) Tj ET Q q 0 0 0 rg BT 100.20 570.60 Td (on ) Tj ET Q q 0 0 0 rg BT 113.06 570.60 Td (February ) Tj ET Q q 0 0 0 rg BT 152.02 570.60 Td (20, ) Tj 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(erm ) Tj ET Q q 0 0 0 rg BT 468.63 558.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 491.14 558.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 523.65 558.60 Td (amortizes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.42 546.60 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 97.66 546.60 Td (installments ) Tj ET Q q 0 0 0 rg BT 148.13 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 158.05 546.60 Td (an ) Tj ET Q q 0 0 0 rg BT 169.63 546.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 210.64 546.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 242.77 546.60 Td (equal ) Tj ET Q q 0 0 0 rg BT 266.57 546.60 Td (\(x\) ) Tj ET Q q 0 0 0 rg BT 280.38 546.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.30 546.60 Td (2.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.13 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 318.27 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 328.74 546.60 Td (its ) Tj ET Q q 0 0 0 rg BT 340.33 546.60 Td (original ) Tj ET Q q 0 0 0 rg BT 373.58 546.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 411.26 546.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 443.40 546.60 Td (until ) Tj ET Q q 0 0 0 rg BT 463.88 546.60 Td (September ) Tj ET Q q 0 0 0 rg BT 508.78 546.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 523.43 546.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 545.57 546.60 Td (and, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (thereafter) Tj ET Q q 0 0 0 rg BT 87.40 534.60 Td (, ) Tj ET Q q 0 0 0 rg BT 91.90 534.60 Td (\(y\) ) Tj ET Q q 0 0 0 rg BT 105.56 534.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.34 534.60 Td (3.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.17 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 143.17 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 153.50 534.60 Td (its ) Tj ET Q q 0 0 0 rg BT 164.94 534.60 Td (original ) Tj ET Q q 0 0 0 rg BT 198.05 534.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 235.59 534.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 267.58 534.60 Td (until ) Tj ET Q q 0 0 0 rg BT 287.92 534.60 Td (June ) Tj ET Q q 0 0 0 rg BT 308.25 534.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 322.75 534.60 Td (2024. ) Tj ET Q q 0 0 0 rg BT 347.10 534.60 Td (The ) Tj ET Q q 0 0 0 rg BT 364.50 534.60 Td (T) Tj ET Q q 0 0 0 rg BT 369.91 534.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 387.46 534.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 410.01 534.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 442.56 534.60 Td (expires ) Tj ET Q q 0 0 0 rg BT 473.43 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 489.87 534.60 Td (is ) Tj ET Q q 0 0 0 rg BT 498.54 534.60 Td (due ) Tj ET Q q 0 0 0 rg BT 514.98 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 531.42 534.60 Td (payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 522.60 Td (September ) Tj ET Q q 0 0 0 rg BT 107.26 522.60 Td (26, ) Tj ET Q q 0 0 0 rg BT 122.26 522.60 Td (2024, ) Tj ET Q q 0 0 0 rg BT 147.26 522.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 178.09 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 188.37 522.60 Td (possible ) Tj ET Q q 0 0 0 rg BT 223.65 522.60 Td (extensions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 498.60 Td (The ) Tj ET Q q 0 0 0 rg BT 89.99 498.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.32 498.60 Td (is ) Tj ET Q q 0 0 0 rg BT 140.44 498.60 Td (permitted ) Tj ET Q q 0 0 0 rg BT 181.20 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 191.42 498.60 Td (voluntarily ) Tj ET Q q 0 0 0 rg BT 237.75 498.60 Td (prepay ) Tj ET Q q 0 0 0 rg BT 267.40 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 282.06 498.60 Td (term ) Tj ET Q q 0 0 0 rg BT 302.83 498.60 Td (loans, ) Tj ET Q q 0 0 0 rg BT 328.88 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 339.10 498.60 Td (whole ) Tj ET Q q 0 0 0 rg BT 365.98 498.60 Td (or ) Tj ET Q q 0 0 0 rg BT 376.76 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 386.98 498.60 Td (part, ) Tj ET Q q 0 0 0 rg BT 407.47 498.60 Td (without ) Tj ET Q q 0 0 0 rg BT 440.47 498.60 Td (premium ) Tj ET Q q 0 0 0 rg BT 479.02 498.60 Td (or ) Tj ET Q q 0 0 0 rg BT 489.79 498.60 Td (penalty; ) Tj ET Q q 0 0 0 rg BT 524.45 498.60 Td (provided, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (that ) Tj ET Q q 0 0 0 rg BT 66.97 486.60 Td (if ) Tj ET Q q 0 0 0 rg BT 75.55 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 90.25 486.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.61 486.60 Td (voluntarily ) Tj ET Q q 0 0 0 rg BT 177.97 486.60 Td (prepays ) Tj ET Q q 0 0 0 rg BT 211.54 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 226.23 486.60 Td (term ) Tj ET Q q 0 0 0 rg BT 247.03 486.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 270.62 486.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 292.53 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 302.79 486.60 Td (February ) Tj ET Q q 0 0 0 rg BT 341.36 486.60 Td (20, ) Tj ET Q q 0 0 0 rg BT 356.34 486.60 Td (2022 ) Tj ET Q q 0 0 0 rg BT 378.81 486.60 Td (or ) Tj ET Q q 0 0 0 rg BT 389.62 486.60 Td (if ) Tj ET Q q 0 0 0 rg BT 398.20 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 412.89 486.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 454.26 486.60 Td (incurs ) Tj ET Q q 0 0 0 rg BT 481.17 486.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 510.85 486.60 Td (indebtedness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (which ) Tj ET Q q 0 0 0 rg BT 76.75 474.60 Td (results ) Tj ET Q q 0 0 0 rg BT 105.67 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 116.26 474.60 Td (a ) Tj ET Q q 0 0 0 rg BT 123.51 474.60 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 169.09 474.60 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 219.10 474.60 Td (under ) Tj ET Q q 0 0 0 rg BT 244.69 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.51 474.60 Td (T) Tj ET Q q 0 0 0 rg BT 264.92 474.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 283.28 474.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 306.64 474.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 340.00 474.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 362.26 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 372.85 474.60 Td (February ) Tj ET Q q 0 0 0 rg BT 411.76 474.60 Td (20, ) Tj ET Q q 0 0 0 rg BT 427.07 474.60 Td (2022, ) Tj ET Q q 0 0 0 rg BT 452.38 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 467.41 474.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 509.11 474.60 Td (is ) Tj ET Q q 0 0 0 rg BT 518.59 474.60 Td (required ) Tj ET Q q 0 0 0 rg BT 554.72 474.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 66.64 462.60 Td (a ) Tj ET Q q 0 0 0 rg BT 73.79 462.60 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 123.69 462.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 138.60 462.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.64 462.60 Td (2.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.47 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 178.17 462.60 Td (with ) Tj ET Q q 0 0 0 rg BT 198.65 462.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 229.67 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 240.16 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 255.08 462.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 293.32 462.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 326.02 462.60 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 358.71 462.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 380.85 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 391.34 462.60 Td (February ) Tj ET Q q 0 0 0 rg BT 430.14 462.60 Td (20, ) Tj ET Q q 0 0 0 rg BT 445.34 462.60 Td (2022 ) Tj ET Q q 0 0 0 rg BT 468.05 462.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.19 462.60 Td (1.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.02 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 513.72 462.60 Td (with ) Tj ET Q q 0 0 0 rg BT 534.21 462.60 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.53 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.00 450.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 111.79 450.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 144.03 450.60 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 176.27 450.60 Td (between ) Tj ET Q q 0 0 0 rg BT 211.83 450.60 Td (February ) Tj ET Q q 0 0 0 rg BT 250.18 450.60 Td (21, ) Tj ET Q q 0 0 0 rg BT 264.93 450.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 287.18 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 303.87 450.60 Td (February ) Tj ET Q q 0 0 0 rg BT 342.22 450.60 Td (20, ) Tj ET Q q 0 0 0 rg BT 356.97 450.60 Td (2022. ) Tj ET Q q 0 0 0 rg BT 381.56 450.60 Td (The ) Tj ET Q q 0 0 0 rg BT 399.19 450.60 Td (T) Tj ET Q q 0 0 0 rg BT 404.60 450.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 422.40 450.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 445.19 450.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 478.00 450.60 Td (will ) Tj ET Q q 0 0 0 rg BT 495.80 450.60 Td (be ) Tj ET Q q 0 0 0 rg BT 507.49 450.60 Td (required ) Tj ET Q q 0 0 0 rg BT 543.06 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 553.08 450.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 82.73 438.60 Td (with ) Tj ET Q q 0 0 0 rg BT 103.76 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 119.22 438.60 Td (net ) Tj ET Q q 0 0 0 rg BT 134.69 438.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 155.70 438.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 194.49 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 206.06 438.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 236.51 438.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 259.20 438.60 Td (sales, ) Tj ET Q q 0 0 0 rg BT 284.38 438.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 325.95 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 343.63 438.60 Td (condemnation ) Tj ET Q q 0 0 0 rg BT 403.53 438.60 Td (events, ) Tj ET Q q 0 0 0 rg BT 434.82 438.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 455.29 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 472.97 438.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 501.21 438.60 Td (issuances, ) Tj ET Q q 0 0 0 rg BT 544.73 438.60 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 90.89 426.60 Td (received ) Tj ET Q q 0 0 0 rg BT 127.25 426.60 Td (from ) Tj ET Q q 0 0 0 rg BT 149.19 426.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 178.89 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 189.72 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 204.44 426.60 Td (Company) Tj ET Q q 0 0 0 rg BT 246.10 426.60 Td (s ) Tj ET Q q 0 0 0 rg BT 252.49 426.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 302.21 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 319.15 426.60 Td (an ) Tj ET Q q 0 0 0 rg BT 331.09 426.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 360.24 426.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 388.84 426.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 409.11 426.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 429.94 426.60 Td (sweep.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 402.60 Td (In connection with the amendment entered into on February 20, 2020, the maximum total leverage ratio was revised to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (increase the maximum total leverage ratio permitted under the covenant from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.32 390.60 Td (1.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.82 390.60 Td ( to 1.00 as of December 28, 2019 to \(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.56 390.60 Td (2.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.06 390.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (to 1.00 as of the last day of each fiscal quarter ending ) Tj ET Q q 0 0 0 rg BT 265.26 378.60 Td (April 4, 2020, July 4, 2020, October 3, 2020 and January 2, 2021, \(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (2.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 366.60 Td ( to 1.00 as of the last day of each fiscal quarter ending ) Tj ET Q q 0 0 0 rg BT 285.26 366.60 Td (April 3, 2021, July 3, 2021 and October 2, 2021, and \(iii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.62 366.60 Td (1.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.12 366.60 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (1.00 as of the last day of each subsequent fiscal quarter) Tj ET Q q 0 0 0 rg BT 269.71 354.60 Td (. ) Tj ET Q q 0 0 0 rg BT 277.02 354.60 Td (The ) Tj ET Q q 0 0 0 rg BT 294.89 354.60 Td (T) Tj ET Q q 0 0 0 rg BT 300.30 354.60 Td (erm Loan Facility also limits the Revolving Credit Commitment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (under the Revolving Facility to the lesser of the borrowing base or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.77 342.60 Td ($200.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.66 342.60 Td (. ) Tj ET Q q 0 0 0 rg BT 383.61 342.60 Td (A) Tj ET Q q 0 0 0 rg BT 390.28 342.60 Td ( payment default under the Revolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (Facility triggers a cross default under the ) Tj ET Q q 0 0 0 rg BT 215.66 330.60 Td (T) Tj ET Q q 0 0 0 rg BT 221.07 330.60 Td (erm Loan Facility) Tj ET Q q 0 0 0 rg BT 292.06 330.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 306.60 Td (The ) Tj ET Q q 0 0 0 rg BT 90.89 306.60 Td (T) Tj ET Q q 0 0 0 rg BT 96.30 306.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 115.46 306.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 139.61 306.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 173.77 306.60 Td (is ) Tj ET Q q 0 0 0 rg BT 184.04 306.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 218.18 306.60 Td (by ) Tj ET Q q 0 0 0 rg BT 231.79 306.60 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 278.15 306.60 Td (by ) Tj ET Q q 0 0 0 rg BT 291.76 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 307.58 306.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 350.07 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 368.12 306.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 398.92 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 410.86 306.60 Td (its ) Tj ET Q q 0 0 0 rg BT 423.91 306.60 Td (Company) Tj ET Q q 0 0 0 rg BT 465.58 306.60 Td (s ) Tj ET Q q 0 0 0 rg BT 473.08 306.60 Td (domestic ) Tj ET Q q 0 0 0 rg BT 512.79 306.60 Td (subsidiaries. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.40 294.60 Td (, ) Tj ET Q q 0 0 0 rg BT 104.21 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 118.74 294.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 159.93 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 176.68 294.60 Td (such ) Tj ET Q q 0 0 0 rg BT 197.32 294.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 246.85 294.60 Td (have ) Tj ET Q q 0 0 0 rg BT 268.04 294.60 Td (granted ) Tj ET Q q 0 0 0 rg BT 300.33 294.60 Td (liens ) Tj ET Q q 0 0 0 rg BT 321.53 294.60 Td (on ) Tj ET Q q 0 0 0 rg BT 333.84 294.60 Td (all ) Tj ET Q q 0 0 0 rg BT 346.14 294.60 Td (or ) Tj ET Q q 0 0 0 rg BT 356.78 294.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 409.64 294.60 Td (all ) Tj ET Q q 0 0 0 rg BT 421.95 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 432.59 294.60 Td (their ) Tj ET Q q 0 0 0 rg BT 453.22 294.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 478.86 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 488.95 294.60 Td (order ) Tj ET Q q 0 0 0 rg BT 512.36 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 522.44 294.60 Td (secure ) Tj ET Q q 0 0 0 rg BT 550.29 294.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 96.44 282.60 Td (under ) Tj ET Q q 0 0 0 rg BT 121.71 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 136.25 282.60 Td (T) Tj ET Q q 0 0 0 rg BT 141.66 282.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 159.71 282.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 182.75 282.60 Td (Facility) Tj ET Q q 0 0 0 rg BT 212.65 282.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 258.60 Td (The ) Tj ET Q q 0 0 0 rg BT 90.26 258.60 Td (T) Tj ET Q q 0 0 0 rg BT 95.67 258.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 114.14 258.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 137.61 258.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 171.09 258.60 Td (contains ) Tj ET Q q 0 0 0 rg BT 207.34 258.60 Td (customary ) Tj ET Q q 0 0 0 rg BT 251.91 258.60 Td (af) Tj ET Q q 0 0 0 rg BT 259.50 258.60 Td (firmative ) Tj ET Q q 0 0 0 rg BT 299.08 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 316.44 258.60 Td (negative ) Tj ET Q q 0 0 0 rg BT 353.23 258.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 396.14 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 413.51 258.60 Td (events ) Tj ET Q q 0 0 0 rg BT 441.98 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 453.23 258.60 Td (default ) Tj ET Q q 0 0 0 rg BT 483.92 258.60 Td (such ) Tj ET Q q 0 0 0 rg BT 505.17 258.60 Td (as ) Tj ET Q q 0 0 0 rg BT 516.43 258.60 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (with ) Tj ET Q q 0 0 0 rg BT 69.60 246.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 98.58 246.60 Td (audited ) Tj ET Q q 0 0 0 rg BT 130.33 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 147.09 246.60 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 185.50 246.60 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 227.26 246.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 264.56 246.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 309.09 246.60 Td (disclosures. ) Tj ET Q q 0 0 0 rg BT 358.35 246.60 Td (Upon ) Tj ET Q q 0 0 0 rg BT 382.89 246.60 Td (an ) Tj ET Q q 0 0 0 rg BT 394.65 246.60 Td (event ) Tj ET Q q 0 0 0 rg BT 418.63 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 429.28 246.60 Td (default, ) Tj ET Q q 0 0 0 rg BT 461.86 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 476.23 246.60 Td (T) Tj ET Q q 0 0 0 rg BT 481.64 246.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 499.00 246.60 Td (Agent ) Tj ET Q q 0 0 0 rg BT 525.76 246.60 Td (will ) Tj ET Q q 0 0 0 rg BT 543.64 246.60 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.31 234.60 Td (right ) Tj ET Q q 0 0 0 rg BT 83.79 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 93.16 234.60 Td (declare ) Tj ET Q q 0 0 0 rg BT 123.62 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 137.43 234.60 Td (term ) Tj ET Q q 0 0 0 rg BT 157.35 234.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 180.05 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 196.09 234.60 Td (other ) Tj ET Q q 0 0 0 rg BT 218.23 234.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 264.27 234.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 312.52 234.60 Td (immediately ) Tj ET Q q 0 0 0 rg BT 364.10 234.60 Td (due ) Tj ET Q q 0 0 0 rg BT 380.14 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 396.17 234.60 Td (payable ) Tj ET Q q 0 0 0 rg BT 428.86 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 444.89 234.60 Td (all ) Tj ET Q q 0 0 0 rg BT 456.48 234.60 Td (commitments ) Tj ET Q q 0 0 0 rg BT 512.51 234.60 Td (immediately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (terminated ) Tj ET Q q 0 0 0 rg BT 94.76 222.60 Td (or ) Tj ET Q q 0 0 0 rg BT 105.59 222.60 Td (reduced, ) Tj ET Q q 0 0 0 rg BT 142.23 222.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 173.06 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 183.34 222.60 Td (cure ) Tj ET Q q 0 0 0 rg BT 203.04 222.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 234.98 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 251.92 222.60 Td (grace ) Tj ET Q q 0 0 0 rg BT 276.07 222.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 308.01 222.60 Td (set ) Tj ET Q q 0 0 0 rg BT 321.61 222.60 Td (forth ) Tj ET Q q 0 0 0 rg BT 343.55 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 353.83 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 368.37 222.60 Td (T) Tj ET Q q 0 0 0 rg BT 373.78 222.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 391.82 222.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 414.87 222.60 Td (Facility) Tj ET Q q 0 0 0 rg BT 444.77 222.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 198.60 Td (The ) Tj ET Q q 0 0 0 rg BT 89.20 198.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 135.30 198.60 Td (under ) Tj ET Q q 0 0 0 rg BT 159.73 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 173.60 198.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 216.92 198.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 249.13 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 265.23 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 278.98 198.60 Td (T) Tj ET Q q 0 0 0 rg BT 284.39 198.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 301.60 198.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 323.80 198.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 356.01 198.60 Td (are ) Tj ET Q q 0 0 0 rg BT 369.87 198.60 Td (governed ) Tj ET Q q 0 0 0 rg BT 408.73 198.60 Td (by ) Tj ET Q q 0 0 0 rg BT 420.39 198.60 Td (a ) Tj ET Q q 0 0 0 rg BT 426.49 198.60 Td (customary ) Tj ET Q q 0 0 0 rg BT 469.80 198.60 Td (intercreditor ) Tj ET Q q 0 0 0 rg BT 520.87 198.60 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 67.04 186.60 Td (Intercreditor ) Tj ET Q q 0 0 0 rg BT 123.01 186.60 Td (Agreement\). ) Tj ET Q q 0 0 0 rg BT 179.55 186.60 Td (The ) Tj ET Q q 0 0 0 rg BT 197.10 186.60 Td (Intercreditor ) Tj ET Q q 0 0 0 rg BT 248.63 186.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 295.05 186.60 Td (specifies ) Tj ET Q q 0 0 0 rg BT 332.03 186.60 Td (that ) Tj ET Q q 0 0 0 rg BT 349.02 186.60 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 360.46 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 374.53 186.60 Td (T) Tj ET Q q 0 0 0 rg BT 379.94 186.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 397.48 186.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 420.02 186.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 452.57 186.60 Td (is ) Tj ET Q q 0 0 0 rg BT 461.24 186.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 493.77 186.60 Td (by ) Tj ET Q q 0 0 0 rg BT 505.77 186.60 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 518.87 186.60 Td (a ) Tj ET Q q 0 0 0 rg BT 525.30 186.60 Td (perfected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (first ) Tj ET Q q 0 0 0 rg BT 68.03 174.60 Td (priority ) Tj ET Q q 0 0 0 rg BT 100.45 174.60 Td (security ) Tj ET Q q 0 0 0 rg BT 134.53 174.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 166.39 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 176.59 174.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 196.80 174.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 219.77 174.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 245.53 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 262.39 174.60 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 276.47 174.60 Td (a ) Tj ET Q q 0 0 0 rg BT 283.34 174.60 Td (perfected ) Tj ET Q q 0 0 0 rg BT 322.95 174.60 Td (second ) Tj ET Q q 0 0 0 rg BT 353.15 174.60 Td (priority ) Tj ET Q q 0 0 0 rg BT 385.56 174.60 Td (security ) Tj ET Q q 0 0 0 rg BT 419.64 174.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 451.50 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 461.70 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 476.35 174.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 496.55 174.60 Td (liquid ) Tj ET Q q 0 0 0 rg BT 522.31 174.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 548.07 174.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (accounts ) Tj ET Q q 0 0 0 rg BT 87.24 162.60 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 133.58 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 150.77 162.60 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 165.74 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 180.71 162.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 225.13 162.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 258.44 162.60 Td (is ) Tj ET Q q 0 0 0 rg BT 267.87 162.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 301.16 162.60 Td (by ) Tj ET Q q 0 0 0 rg BT 313.91 162.60 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 327.77 162.60 Td (a ) Tj ET Q q 0 0 0 rg BT 334.96 162.60 Td (perfected ) Tj ET Q q 0 0 0 rg BT 374.91 162.60 Td (first ) Tj ET Q q 0 0 0 rg BT 393.77 162.60 Td (priority ) Tj ET Q q 0 0 0 rg BT 426.52 162.60 Td (security ) Tj ET Q q 0 0 0 rg BT 460.93 162.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 493.12 162.60 Td (in ) Tj ET Q q 0 0 0 rg BT 503.66 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 518.63 162.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 539.17 162.60 Td (liquid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.33 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 92.27 150.60 Td (accounts ) Tj ET Q q 0 0 0 rg BT 129.75 150.60 Td (receivable ) Tj ET Q q 0 0 0 rg BT 173.33 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 190.27 150.60 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 204.43 150.60 Td (a ) Tj ET Q q 0 0 0 rg BT 211.37 150.60 Td (perfected ) Tj ET Q q 0 0 0 rg BT 251.06 150.60 Td (second ) Tj ET Q q 0 0 0 rg BT 281.33 150.60 Td (priority ) Tj ET Q q 0 0 0 rg BT 313.83 150.60 Td (security ) Tj ET Q q 0 0 0 rg BT 347.98 150.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 379.92 150.60 Td (in ) Tj ET Q q 0 0 0 rg BT 390.19 150.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 410.48 150.60 Td (fixed ) Tj ET Q q 0 0 0 rg BT 433.52 150.60 Td (assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 126.60 Td (During fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.69 126.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.69 126.60 Td (, the Company had net payments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.11 126.60 Td ($200.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 126.60 Td ( under the ) Tj ET Q q 0 0 0 rg BT 412.30 126.60 Td (T) Tj ET Q q 0 0 0 rg BT 417.71 126.60 Td (erm Loan Facility and the term loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (under the Prior Credit ) Tj ET Q q 0 0 0 rg BT 138.93 114.60 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 188.17 114.60 Td (The Company had net borrowings of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.14 114.60 Td ($28.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.03 114.60 Td ( under the Revolving Facility and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (revolving credit loans under the Prior Credit ) Tj ET Q q 0 0 0 rg BT 228.63 102.60 Td (Agreement during fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.02 102.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.02 102.60 Td (. ) Tj ET Q q 0 0 0 rg BT 372.47 102.60 Td (Amounts available under the Revolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (Facility were reduced by any amounts outstanding under standby Letters of Credit. ) Tj ET Q q 0 0 0 rg BT 383.03 90.60 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.47 90.60 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.06 90.60 Td (, the Company had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (available borrowing capacity of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.15 78.60 Td ($120.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.04 78.60 Td ( under the Revolving Facility) Tj ET Q q 0 0 0 rg BT 414.59 78.60 Td (. ) Tj ET Q q 0 0 0 rg BT 419.41 78.60 Td (The Company incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.76 66.60 Td ($22.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.65 66.60 Td ( of interest expense under the ) Tj ET Q q 0 0 0 rg BT 283.43 66.60 Td (T) Tj ET Q q 0 0 0 rg BT 288.84 66.60 Td (erm Loan Facility and the term loan under the Prior Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 54.60 Td (Agreement during fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.89 54.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.89 54.60 Td (. ) Tj ET Q q 0 0 0 rg BT 193.71 54.60 Td (The Company incurred approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.22 54.60 Td ($0.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.11 54.60 Td ( of interest expense under the Revolving ) Tj ET Q endstream endobj 147 0 obj <>] /Rotate 0 /Contents 148 0 R>> endobj 148 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (Facility and revolving credit loans under the Prior Credit ) Tj ET Q q 0 0 0 rg BT 278.62 690.60 Td (Agreement during fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.01 690.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.01 690.60 Td (. ) Tj ET Q q 0 0 0 rg BT 422.83 690.60 Td (The Company incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.76 678.60 Td ($4.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.65 678.60 Td ( of interest expense related to the amortization of debt issuance costs and the original issue discount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (during fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.97 666.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.97 666.60 Td (. ) Tj ET Q q 0 0 0 rg BT 146.42 666.60 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.92 666.60 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.50 666.60 Td ( the Company was in compliance with all debt covenants related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (Company's credit facilities. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 633.60 Td (Foreign-Based. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.67 633.60 Td (Fossil South ) Tj ET Q q 0 0 0 rg BT 190.36 633.60 Td (Africa entered into a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.32 633.60 Td (25 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.71 633.60 Td ( South ) Tj ET Q q 0 0 0 rg BT 344.50 633.60 Td (African rand short-term note with First National Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 621.60 Td (\(the "Fossil South ) Tj ET Q q 0 0 0 rg BT 123.32 621.60 Td (Africa Note"\) that is used for working capital purposes. ) Tj ET Q q 0 0 0 rg BT 347.71 621.60 Td (The Fossil South ) Tj ET Q q 0 0 0 rg BT 417.45 621.60 Td (Africa Note bears interest at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 609.60 Td (bank's prime rate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.94 609.60 Td (10.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.77 609.60 Td ( as of year end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.58 609.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.58 609.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 239.49 616.53 311.78 -9.09 re f /GS0 gs q 0 0 0 rg BT 239.40 609.60 Td (The Fossil South ) Tj ET Q q 0 0 0 rg BT 309.13 609.60 Td (Africa note is reviewed annually for renewal. South ) Tj ET Q q 0 0 0 rg BT 518.23 609.60 Td (African ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 49.50 604.53 383.54 -9.09 re f /GS0 gs q 0 0 0 rg BT 49.50 597.60 Td (rand-based borrowings, in U.S. dollars, under the Fossil South ) Tj ET Q q 0 0 0 rg BT 300.87 597.60 Td (Africa Note were approximately ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 433.04 604.53 48.89 -9.09 re f /GS0 gs q 0 0 0 rg BT 433.04 597.60 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 481.93 604.53 24.16 -9.09 re f /GS0 gs q 0 0 0 rg BT 481.93 597.60 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.09 597.60 Td (December28, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 585.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 69.50 592.53 2.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 69.50 585.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 564.60 Td (The Company's debt as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.50 564.60 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.09 564.60 Td (, excluding finance lease obligations, matures as follows \(in millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 554.10 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 554.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 524.10 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 524.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 494.10 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 494.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 464.10 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 464.10 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 434.10 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 434.10 65.00 -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 497 479.1 m 562 479.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 434.1 m 562 434.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 434.1 m 562 434.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 420.1 m 562 420.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 418.1 m 562 418.1 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 543.77 Td (Less than 1 ) Tj ET Q q 0 0 0 rg BT 100.36 543.77 Td (Y) Tj ET Q q 0 0 0 rg BT 106.90 543.77 Td (ear) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 543.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 543.77 Td (25.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 528.77 Td (Y) Tj ET Q q 0 0 0 rg BT 59.22 528.77 Td (ear 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 528.77 Td (22.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 513.77 Td (Y) Tj ET Q q 0 0 0 rg BT 59.22 513.77 Td (ear 3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 513.77 Td (30.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 498.77 Td (Y) Tj ET Q q 0 0 0 rg BT 59.22 498.77 Td (ear 4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 498.77 Td (22.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 483.77 Td (Y) Tj ET Q q 0 0 0 rg BT 59.22 483.77 Td (ear 5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 483.77 Td (128.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 468.77 Td (Principal amounts repayable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 468.77 Td (228.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 453.77 Td (Debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.30 453.82 Td (\(14.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 453.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 438.77 Td (Original issue discount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.30 438.82 Td (\(1) Tj ET Q q 0 0 0 rg BT 545.63 438.82 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 438.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 423.77 Td (T) Tj ET Q q 0 0 0 rg BT 63.91 423.77 Td (otal debt outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 423.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 423.77 Td (202.5) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 398.60 Td (1) Tj ET Q q 0 0 0 rg BT 53.95 398.60 Td (1. Other) Tj ET Q q 0 0 0 rg BT 89.31 398.60 Td ( Income \(Expense\)Net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 377.60 Td (Other income \(expense\)net consisted of the following \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 354.10 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 354.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 354.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 354.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 354.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 354.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 324.10 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 324.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 324.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 324.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 324.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 324.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 294.10 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 294.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 294.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 294.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 294.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 294.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 264.10 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 264.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 264.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 264.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 264.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 264.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 234.10 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 234.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 234.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 234.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 234.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 234.10 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 354.1 m 434 354.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 354.1 m 498 354.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 354.1 m 562 354.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 354.1 m 434 354.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 234.10000000000002 m 434 234.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 220.10000000000002 m 434 220.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 218.10000000000002 m 434 218.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 234.10000000000002 m 498 234.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 220.10000000000002 m 498 220.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 218.10000000000002 m 498 218.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 234.10000000000002 m 562 234.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 220.10000000000002 m 562 220.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 218.10000000000002 m 562 218.10000000000002 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 357.080078125 m 90.119140625 357.080078125 l s q 0 0 0 rg BT 52.50 358.33 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 74.20 358.33 Td (Y) Tj ET Q q 0 0 0 rg BT 79.09 358.33 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.50 358.33 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.50 358.33 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.50 358.33 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 343.77 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 343.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 343.77 Td (2,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 343.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 343.77 Td (2,605) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 343.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 343.77 Td (4,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 328.77 Td (Contingent consideration remeasurement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 328.77 Td (601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 328.77 Td (3,381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 328.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 313.77 Td (Gain on interest rate swap) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 313.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 313.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 313.77 Td (195) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 298.77 Td (Equity in losses of unconsolidated investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 298.82 Td (\(371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 298.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 298.82 Td (\(558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 298.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 298.82 Td (\(460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 298.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 283.77 Td (Extinguishment of debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.30 283.82 Td (\(3,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 283.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 283.82 Td (\(718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 283.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 283.82 Td (\(1,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 283.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 268.77 Td (Gain on asset divestitures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 268.77 Td (23,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 268.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 268.77 Td (1,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 253.77 Td (Net currency \(losses\) gains) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 253.77 Td (3,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 253.82 Td (\(5,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 253.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 253.77 Td (7,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 238.77 Td (Other net gains) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 238.77 Td (657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 238.77 Td (1,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 238.77 Td (702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 223.77 Td (Other income \(expense\) - net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 223.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 223.77 Td (26,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 223.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.80 223.82 Td (\(38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 223.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 223.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 223.77 Td (13,736) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 149 0 obj <>] /Rotate 0 /Contents 150 0 R>> endobj 150 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (71) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (12. ) Tj ET Q q 0 0 0 rg BT 64.32 690.75 Td (T) Tj ET Q q 0 0 0 rg BT 70.07 690.75 Td (axes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 669.75 Td (Income ) Tj ET Q q 0 0 0 rg BT 107.48 669.75 Td (T) Tj ET Q q 0 0 0 rg BT 113.23 669.75 Td (axes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.06 669.75 Td (Deferred income taxes reflect the net tax ef) Tj ET Q q 0 0 0 rg BT 316.84 669.75 Td (fects of temporary dif) Tj ET Q q 0 0 0 rg BT 403.57 669.75 Td (ferences between the carrying amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 657.75 Td (of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 645.75 Td (of the consolidated deferred tax assets and liabilities were \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 622.25 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 622.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 622.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 622.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 592.25 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 592.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 592.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 592.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 562.25 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 562.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 562.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 562.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 532.25 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 532.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 532.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 532.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 502.25 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 502.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 502.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 502.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 472.25 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 472.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 472.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 472.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 442.25 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 442.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 442.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 442.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 412.25 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 412.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 412.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 412.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 382.25 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 382.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 382.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 382.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 352.25 379.00 -15.00 re f /GS0 gs 0.8 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0.9333333333333333 1 rg /GS0 gs 494.00 262.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 262.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 232.25 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 232.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 232.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 232.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 202.25 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 202.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 202.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 202.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 172.25 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 172.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 172.25 4.00 -15.00 re f /GS0 gs 0.8 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w 0 i [] 0 d 0 J 0 j 3 M 429 202.25 m 494 202.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 202.25 m 563 202.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 202.25 m 494 202.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 202.25 m 563 202.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 172.25 m 494 172.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 158.25 m 494 158.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 156.25 m 494 156.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 172.25 m 563 172.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 158.25 m 563 158.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 156.25 m 563 156.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 112.25 m 494 112.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 98.25 m 494 98.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 96.25 m 494 96.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 112.25 m 563 112.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 98.25 m 563 98.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 96.25 m 563 96.25 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 625.230078125 m 90.119140625 625.230078125 l s q 0 0 0 rg BT 52.50 626.48 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 74.20 626.48 Td (Y) Tj ET Q q 0 0 0 rg BT 79.09 626.48 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 626.48 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 626.48 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 611.92 Td (Deferred income tax assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 596.92 Td (Bad debt allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 596.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 596.92 Td (2,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 596.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 596.92 Td (1,974) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 581.92 Td (Returns allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 581.92 Td (3,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 581.92 Td (4,935) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 566.92 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 566.92 Td (6,856) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 566.92 Td (4,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 551.92 Td (W) Tj ET Q q 0 0 0 rg BT 67.54 551.92 Td (arranty liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 551.92 Td (3,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 551.92 Td (3,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 536.92 Td (Markdown allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 536.92 Td (3,480) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 536.92 Td (2,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 521.92 Td (Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 521.92 Td (1) Tj ET Q q 0 0 0 rg BT 467.65 521.92 Td (1,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 521.92 Td (18,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 506.92 Td (Accrued liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 506.92 Td (6,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 506.92 Td (5,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 491.92 Td (Deferred rent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 491.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 491.92 Td (7,996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 476.92 Td (Deferred income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 476.92 Td (3,582) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 476.92 Td (5,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 461.92 Td (Unrealized exchange gains \(losses\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 461.92 Td (3,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 461.92 Td (637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 446.92 Td (State income tax and interest on tax contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 446.92 Td (887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 446.92 Td (1,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 431.92 Td (Fixed assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 431.92 Td (220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 431.97 Td (\(8,009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 431.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 416.92 Td (T) Tj ET Q q 0 0 0 rg BT 64.43 416.92 Td (rade names and customer lists) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 416.92 Td (4,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 416.92 Td (1,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 401.92 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 401.92 Td (14,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 401.92 Td (17,957) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 386.92 Td (Foreign accruals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 386.92 Td (10,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 386.92 Td (8,528) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 371.92 Td (Loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 371.92 Td (32,158) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 371.92 Td (31,582) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 356.92 Td (T) Tj ET Q q 0 0 0 rg BT 64.26 356.92 Td (ax credit carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 356.92 Td (4,281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 356.92 Td (512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 341.92 Td (Capitalized R&D) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 341.92 Td (8,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 341.92 Td (2,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 326.92 Td (Interest disallowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 326.92 Td (16,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 326.92 Td (9,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 311.92 Td (Lease liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 311.92 Td (82,51) Tj ET Q q 0 0 0 rg BT 485.15 311.92 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 311.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 296.92 Td (Deferred income tax assets total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 296.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 296.92 Td (220,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 296.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 296.92 Td (122,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 281.92 Td (Deferred income tax liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 266.92 Td (T) Tj ET Q q 0 0 0 rg BT 64.26 266.92 Td (enant allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 266.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 266.97 Td (\(801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 266.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 266.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 266.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 251.92 Td (Other intangibles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 251.97 Td (\(235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 251.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 251.97 Td (\(4,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 251.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 236.92 Td (Undistributed earnings of certain foreign subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 236.97 Td (\(329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 236.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 236.97 Td (\(541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 236.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 221.92 Td (Right-of-use assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 221.97 Td (\(65,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 221.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 221.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 206.92 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 206.97 Td (\(45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 206.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 206.97 Td (\(32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 206.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 191.92 Td (Deferred income tax liabilities total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 191.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 191.97 Td (\(66,480) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 191.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 191.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 191.97 Td (\(5,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 191.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 176.92 Td (V) Tj ET Q q 0 0 0 rg BT 77.17 176.92 Td (aluation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.30 176.97 Td (\(1) Tj ET Q q 0 0 0 rg BT 462.63 176.97 Td (18,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 176.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 176.97 Td (\(95,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 176.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 161.92 Td (Net deferred income tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 161.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 161.92 Td (36,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 161.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 161.92 Td (21,256) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 131.92 Td (Net deferred income tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 131.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 131.92 Td (38,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 131.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 131.92 Td (23,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 116.92 Td (Net deferred income tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 116.97 Td (\(2,097) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 116.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 116.97 Td (\(2,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 116.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 101.92 Td (Net deferred income tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 101.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 101.92 Td (36,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 101.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 101.92 Td (21,256) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 151 0 obj <>] /Rotate 0 /Contents 152 0 R>> endobj 152 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 690.75 Td (Operating Loss Carryforwards.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.32 690.75 Td () Tj ET Q q 0 0 0 rg BT 219.14 690.75 Td (The balance sheet includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.09 690.75 Td ($27.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.98 690.75 Td ( of deferred tax assets for net operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td (losses of foreign subsidiaries. ) Tj ET Q q 0 0 0 rg BT 170.13 678.75 Td (The amounts and the fiscal year of expiration of the loss carryforwards are \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 668.25 432.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 668.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 638.25 432.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 638.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 608.25 432.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 608.25 61.00 -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 491 593.25 m 552 593.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 593.25 m 552 593.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 579.25 m 552 579.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 577.25 m 552 577.25 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 657.92 Td (Expires 2020 through 2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.50 657.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 657.92 Td (18,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 642.92 Td (Expires 2025 through 2029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 642.92 Td (14,931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 627.92 Td (Expires 2030 through 2034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.15 627.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 612.92 Td (Expires 2035 through 2039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 612.92 Td (74,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 597.92 Td (Indefinite) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 597.92 Td (10,428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 582.92 Td (T) Tj ET Q q 0 0 0 rg BT 66.91 582.92 Td (otal loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.50 582.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.65 582.92 Td (1) Tj ET Q q 0 0 0 rg BT 520.65 582.92 Td (18,597) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 554.75 Td (The balance sheet includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.45 554.75 Td ($4.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.34 554.75 Td ( of deferred tax assets for state income tax net operating losses. ) Tj ET Q q 0 0 0 rg BT 487.35 554.75 Td (The state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.75 Td (apportioned amounts and the fiscal year of expiration of the loss carryforwards are \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 56.50 520.25 435.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 520.25 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 56.50 490.25 435.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 490.25 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 56.50 460.25 435.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 460.25 63.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 445.25 m 554.5 445.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 445.25 m 554.5 445.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 431.25 m 554.5 431.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 429.25 m 554.5 429.25 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 509.92 Td (Expires 2020 through 2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 509.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 509.92 Td (632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 494.92 Td (Expires 2025 through 2029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 494.92 Td (9,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 479.92 Td (Expires 2030 through 2034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 479.92 Td (3,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 464.92 Td (Expires 2035 through 2039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 464.92 Td (46,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 449.92 Td (Indefinite) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 449.92 Td (26,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 434.92 Td (T) Tj ET Q q 0 0 0 rg BT 64.41 434.92 Td (otal loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 434.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 434.92 Td (85,946) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 366.75 Td (The following table identifies income \(loss\) before income taxes for the Company's U.S. and non-U.S. based operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.75 Td (for the fiscal years indicated \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 331.25 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 331.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 331.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 331.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 331.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 331.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 301.25 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 301.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 301.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 301.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 301.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 301.25 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 331.25 m 434 331.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 331.25 m 498 331.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 331.25 m 562 331.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 331.25 m 434 331.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 301.25 m 434 301.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 287.25 m 434 287.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 285.25 m 434 285.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 301.25 m 498 301.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 287.25 m 498 287.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 285.25 m 498 285.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 301.25 m 562 301.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 287.25 m 562 287.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 285.25 m 562 285.25 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 334.230078125 m 90.119140625 334.230078125 l s q 0 0 0 rg BT 52.50 335.48 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 74.20 335.48 Td (Y) Tj ET Q q 0 0 0 rg BT 79.09 335.48 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.50 335.48 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.50 335.48 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.50 335.48 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 320.92 Td (U.S) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 320.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.30 320.97 Td (\(142,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 320.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 320.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 320.97 Td (\(102,810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 320.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 320.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 320.97 Td (\(517,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 320.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 305.92 Td (Non-U.S) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 305.92 Td (1) Tj ET Q q 0 0 0 rg BT 402.65 305.92 Td (10,810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 305.92 Td (122,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 305.92 Td (63,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 290.92 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 290.92 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 290.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.30 290.97 Td (\(31,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 290.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 290.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 290.92 Td (20,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 290.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 290.97 Td (\(453,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 290.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 265.75 Td (The Company's provision for income taxes consisted of the following for the fiscal years indicated \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 242.25 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 242.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 242.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 242.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 242.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 242.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 212.25 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 212.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 212.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 212.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 212.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 212.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 182.25 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 182.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 182.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 182.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 182.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 182.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 152.25 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 152.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 152.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 152.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 152.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 152.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 122.25 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 122.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 122.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 122.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 122.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 122.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 92.25 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 92.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 92.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 92.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 92.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 92.25 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 242.25 m 434 242.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 242.25 m 498 242.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 242.25 m 562 242.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 182.25 m 434 182.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 168.25 m 434 168.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 166.25 m 434 166.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 182.25 m 498 182.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 168.25 m 498 168.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 166.25 m 498 166.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 182.25 m 562 182.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 168.25 m 562 168.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 166.25 m 562 166.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 107.25 m 434 107.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 107.25 m 498 107.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 107.25 m 562 107.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 92.25 m 434 92.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 78.25 m 434 78.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 76.25 m 434 76.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 92.25 m 498 92.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 78.25 m 498 78.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 76.25 m 498 76.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 92.25 m 562 92.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 78.25 m 562 78.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 76.25 m 562 76.25 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 245.23007812499998 m 90.119140625 245.23007812499998 l s q 0 0 0 rg BT 52.50 246.48 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 74.20 246.48 Td (Y) Tj ET Q q 0 0 0 rg BT 79.09 246.48 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.50 246.48 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.50 246.48 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.50 246.48 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 231.92 Td (Current provision:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 216.92 Td (U.S. federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 216.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 216.92 Td (2,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 216.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 216.97 Td (\(14,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 216.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 216.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 216.92 Td (30,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 201.92 Td (Non-U.S) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 201.92 Td (28,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 201.92 Td (35,854) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 201.92 Td (40,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 186.92 Td (State and local) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.30 186.97 Td (\(2,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 186.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 186.97 Td (\(2,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 186.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 186.97 Td (\(2,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 186.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 171.92 Td (T) Tj ET Q q 0 0 0 rg BT 64.26 171.92 Td (otal current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 171.92 Td (28,1) Tj ET Q q 0 0 0 rg BT 420.15 171.92 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 171.92 Td (19,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 171.92 Td (69,185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 156.92 Td (Deferred provision \(benefit\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 141.92 Td (U.S. federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 141.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 141.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 141.97 Td (\(45,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 141.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 126.92 Td (Non-U.S) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.30 126.97 Td (\(9,436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 126.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 126.92 Td (1,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 126.97 Td (\(3,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 126.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 111.92 Td (State and local) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 111.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 111.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 111.92 Td (380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 96.92 Td (T) Tj ET Q q 0 0 0 rg BT 63.91 96.92 Td (otal deferred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.30 96.97 Td (\(9,436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 96.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 96.92 Td (1,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 96.97 Td (\(49,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 96.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 81.92 Td (Provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 81.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 81.92 Td (18,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 81.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 81.92 Td (21,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 81.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 81.92 Td (19,805) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 153 0 obj <>] /Rotate 0 /Contents 154 0 R>> endobj 154 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 678.60 Td (A) Tj ET Q q 0 0 0 rg BT 80.17 678.60 Td ( reconciliation of the U.S. federal statutory income tax rates to the Company's ef) Tj ET Q q 0 0 0 rg BT 401.42 678.60 Td (fective tax rate is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 655.10 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 655.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 655.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 655.10 60.00 -15.00 re f /GS0 gs 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M 502 370.1 m 562 370.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 356.1 m 562 356.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 354.1 m 562 354.1 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 658.080078125 m 90.119140625 658.080078125 l s q 0 0 0 rg BT 52.50 659.33 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 74.20 659.33 Td (Y) Tj ET Q q 0 0 0 rg BT 79.09 659.33 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.50 659.33 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.50 659.33 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.50 659.33 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 644.77 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 644.77 Td (ax at statutory rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.30 644.77 Td (21.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 644.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 644.77 Td (21.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 644.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 644.77 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 644.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 629.77 Td (Permanent dif) Tj ET Q q 0 0 0 rg BT 108.78 629.77 Td (ferences) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.95 629.77 Td (\(2.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 629.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.30 629.82 Td (\(0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 629.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.95 629.77 Td (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 629.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 614.77 Td (State, net of federal tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.30 614.77 Td (17.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.30 614.82 Td (\(3.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 614.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.30 614.77 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 599.77 Td (Foreign rate dif) Tj ET Q q 0 0 0 rg BT 114.61 599.77 Td (ferential) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.30 599.77 Td (12.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 599.82 Td (\(12.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 599.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.30 599.77 Td (3.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 584.77 Td (W) Tj ET Q q 0 0 0 rg BT 61.74 584.77 Td (ithholding taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.95 584.77 Td (\(1) Tj ET Q q 0 0 0 rg BT 409.28 584.77 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 584.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 584.77 Td (16.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 584.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 569.77 Td (GIL) Tj ET Q q 0 0 0 rg BT 68.70 569.77 Td (TI ) Tj ET Q q 0 0 0 rg BT 80.09 569.77 Td (T) Tj ET Q q 0 0 0 rg BT 85.76 569.77 Td (ax-net of foreign tax credits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.95 569.77 Td (\(24.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 569.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 569.77 Td (1) Tj ET Q q 0 0 0 rg BT 476.65 569.77 Td (1.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 569.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 554.77 Td (U.S. tax on foreign income-net of foreign tax credits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.30 554.77 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 554.77 Td (6.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.95 554.77 Td (\(1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 554.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 539.77 Td (Income tax contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.30 539.77 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.30 539.82 Td (\(5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 539.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.95 539.77 Td (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 539.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 524.77 Td (V) Tj ET Q q 0 0 0 rg BT 59.17 524.77 Td (aluation allowances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.95 524.77 Td (\(53.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 524.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 524.77 Td (65.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.95 524.77 Td (\(12.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 524.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 509.77 Td (Repatriation tax - net impact) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 509.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 509.77 Td (5.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.95 509.77 Td (\(7.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 509.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 494.77 Td (Deficiencies on employee stock awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.95 494.77 Td (\(10.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 494.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 494.77 Td (10.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.95 494.77 Td (\(0.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 494.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 479.77 Td (Non-deductible goodwill impairment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 479.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 479.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.95 479.77 Td (\(15.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 479.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 464.77 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 464.77 Td (ax reform rate reduction impact on deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 464.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 464.82 Td (\(15.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 464.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.95 464.77 Td (\(6.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 464.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 449.77 Td (Foreign deferred tax rate change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.95 449.77 Td (\(4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 449.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 449.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 449.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 434.77 Td (Non deductible foreign equity awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.95 434.77 Td (\(3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 434.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 434.77 Td (5.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.95 434.77 Td (\(0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 434.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 419.77 Td (Non deductible of) Tj ET Q q 0 0 0 rg BT 124.61 419.77 Td (ficer compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.95 419.77 Td (\(3.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 419.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 419.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 419.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 404.77 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 404.77 Td (ax exempt foreign capital gain income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.30 404.77 Td (6.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 404.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 404.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 389.77 Td (Deferred adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.95 389.77 Td (\(8.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 389.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 389.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 389.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 374.77 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 374.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 374.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.30 374.77 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 359.77 Td (Provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.95 359.77 Td (\(59.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 359.77 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 359.77 Td (104.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 359.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.95 359.77 Td (\(4.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 359.77 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 334.60 Td (On December 22, 2017, the U.S. government enacted comprehensive tax legislation that significantly revised the Internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.60 Td (Revenue Code of 1986, including a corporate income tax rate reduction from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.23 322.60 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.56 322.60 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.34 322.60 Td (21%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.67 322.60 Td (, under the ) Tj ET Q q 0 0 0 rg BT 454.47 322.60 Td (T) Tj ET Q q 0 0 0 rg BT 459.88 322.60 Td (ax ) Tj ET Q q 0 0 0 rg BT 471.27 322.60 Td (Act. ) Tj ET Q q 0 0 0 rg BT 490.53 322.60 Td (The ) Tj ET Q q 0 0 0 rg BT 508.39 322.60 Td (T) Tj ET Q q 0 0 0 rg BT 513.80 322.60 Td (ax ) Tj ET Q q 0 0 0 rg BT 525.19 322.60 Td (Act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.60 Td (contained significant changes in the taxation of foreign income earned by U.S. shareholders, specifically the new GIL) Tj ET Q q 0 0 0 rg BT 519.81 310.60 Td (TI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.60 Td (provisions requiring the taxation of certain foreign earnings in U.S. taxable income. ) Tj ET Q q 0 0 0 rg BT 389.23 298.60 Td (The intent behind the legislation was to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.60 Td (increase a corporation) Tj ET Q q 0 0 0 rg BT 140.56 286.60 Td (s U.S. taxable income by any low-taxed foreign income earned by its subsidiaries. Instead, the statute ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.60 Td (was written such that corporate shareholders of foreign corporations must include all foreign income in their taxable income. If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.60 Td (the corporate shareholder has a domestic source loss, the benefits of carrying that loss forward to future tax returns are lost if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.60 Td (the included foreign income exceeds the domestic loss.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 229.60 Td (The Company records a valuation allowance against its deferred tax assets when recovery of those amounts on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.60 Td (jurisdictional basis is not more likely than not. In addition, the Company's valuation allowance analysis is af) Tj ET Q q 0 0 0 rg BT 482.15 217.60 Td (fected by various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 205.60 Td (aspects of the ) Tj ET Q q 0 0 0 rg BT 106.24 205.60 Td (T) Tj ET Q q 0 0 0 rg BT 111.65 205.60 Td (ax ) Tj ET Q q 0 0 0 rg BT 123.04 205.60 Td (Act, including the limitation on the deductibility of interest expense and planning initiatives to defer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 193.60 Td (deductions to mitigate the impact of the GIL) Tj ET Q q 0 0 0 rg BT 226.59 193.60 Td (TI. During fiscal year 2019, the Company accrued valuation allowances of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.37 193.60 Td ($28.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 181.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 181.60 Td ( on net U.S. deferred tax assets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.68 181.60 Td ($\(6.2\) million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.23 181.60 Td ( on net foreign deferred tax assets, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.45 181.60 Td ($6.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.35 181.60 Td ( recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 169.60 Td (directly to equity) Tj ET Q q 0 0 0 rg BT 117.17 169.60 Td (. ) Tj ET Q q 0 0 0 rg BT 121.99 169.60 Td (The total valuation allowance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.88 169.60 Td ($1) Tj ET Q q 0 0 0 rg BT 263.51 169.60 Td (18.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.40 169.60 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.62 169.60 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.20 169.60 Td ( is comprised of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.86 169.60 Td ($85.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.75 169.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 157.60 Td ($33.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.39 157.60 Td ( attributable to the U.S. and foreign operations, respectively) Tj ET Q q 0 0 0 rg BT 341.84 157.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 124.60 Td (The ) Tj ET Q q 0 0 0 rg BT 92.41 124.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.66 124.60 Td (will ) Tj ET Q q 0 0 0 rg BT 153.58 124.60 Td (not ) Tj ET Q q 0 0 0 rg BT 169.72 124.60 Td (indefinitely ) Tj ET Q q 0 0 0 rg BT 219.18 124.60 Td (reinvest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.20 124.60 Td ($279.1 ) Tj ET Q q 0 0 0 rg BT 285.07 124.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.96 124.60 Td ( ) Tj ET Q q 0 0 0 rg BT 317.32 124.60 Td (of ) Tj ET Q q 0 0 0 rg BT 329.01 124.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 374.59 124.60 Td (taxed ) Tj ET Q q 0 0 0 rg BT 399.61 124.60 Td (but ) Tj ET Q q 0 0 0 rg BT 415.75 124.60 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 471.89 124.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 509.13 124.60 Td (of ) Tj ET Q q 0 0 0 rg BT 520.82 124.60 Td (its ) Tj ET Q q 0 0 0 rg BT 533.64 124.60 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 98.93 112.60 Td (as ) Tj ET Q q 0 0 0 rg BT 109.47 112.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.01 112.60 Td (December28, ) Tj ET Q q 0 0 0 rg BT 178.31 112.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.31 112.60 Td (. ) Tj ET Q q 0 0 0 rg BT 203.02 112.60 Td (Since ) Tj ET Q q 0 0 0 rg BT 227.45 112.60 Td (under ) Tj ET Q q 0 0 0 rg BT 252.43 112.60 Td (the ) Tj ET Q q 0 0 0 rg BT 266.70 112.60 Td (T) Tj ET Q q 0 0 0 rg BT 272.11 112.60 Td (ax ) Tj ET Q q 0 0 0 rg BT 283.27 112.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 299.92 112.60 Td (there ) Tj ET Q q 0 0 0 rg BT 322.12 112.60 Td (will ) Tj ET Q q 0 0 0 rg BT 339.89 112.60 Td (be ) Tj ET Q q 0 0 0 rg BT 351.54 112.60 Td (no ) Tj ET Q q 0 0 0 rg BT 363.75 112.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 405.95 112.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 435.92 112.60 Td (income ) Tj ET Q q 0 0 0 rg BT 467.56 112.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 481.99 112.60 Td (when ) Tj ET Q q 0 0 0 rg BT 505.86 112.60 Td (these ) Tj ET Q q 0 0 0 rg BT 528.62 112.60 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.60 Td (are ) Tj ET Q q 0 0 0 rg BT 64.27 100.60 Td (repatriated, ) Tj ET Q q 0 0 0 rg BT 112.08 100.60 Td (and ) Tj ET Q q 0 0 0 rg BT 129.08 100.60 Td (the ) Tj ET Q q 0 0 0 rg BT 143.86 100.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 175.30 100.60 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 227.31 100.60 Td (within ) Tj ET Q q 0 0 0 rg BT 255.43 100.60 Td (which ) Tj ET Q q 0 0 0 rg BT 282.43 100.60 Td (these ) Tj ET Q q 0 0 0 rg BT 305.54 100.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 341.98 100.60 Td (are ) Tj ET Q q 0 0 0 rg BT 356.75 100.60 Td (held ) Tj ET Q q 0 0 0 rg BT 376.52 100.60 Td (do ) Tj ET Q q 0 0 0 rg BT 389.09 100.60 Td (not ) Tj ET Q q 0 0 0 rg BT 404.43 100.60 Td (impose ) Tj ET Q q 0 0 0 rg BT 435.88 100.60 Td (a ) Tj ET Q q 0 0 0 rg BT 442.88 100.60 Td (withholding ) Tj ET Q q 0 0 0 rg BT 493.78 100.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 508.55 100.60 Td (on ) Tj ET Q q 0 0 0 rg BT 521.12 100.60 Td (dividends, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 88.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.70 88.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 104.56 88.60 Td (has ) Tj ET Q q 0 0 0 rg BT 119.87 88.60 Td (only ) Tj ET Q q 0 0 0 rg BT 139.63 88.60 Td (accrued ) Tj ET Q q 0 0 0 rg BT 172.69 88.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 192.45 88.60 Td (state ) Tj ET Q q 0 0 0 rg BT 212.76 88.60 Td (income ) Tj ET Q q 0 0 0 rg BT 244.17 88.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 266.70 88.60 Td (on ) Tj ET Q q 0 0 0 rg BT 278.67 88.60 Td (these ) Tj ET Q q 0 0 0 rg BT 301.20 88.60 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 339.56 88.60 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 377.06 88.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 396.83 88.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 426.56 88.60 Td (and ) Tj ET Q q 0 0 0 rg BT 442.98 88.60 Td (state ) Tj ET Q q 0 0 0 rg BT 463.28 88.60 Td (income ) Tj ET Q q 0 0 0 rg BT 494.69 88.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 517.22 88.60 Td (and ) Tj ET Q q 0 0 0 rg BT 533.64 88.60 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 76.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 72.24 76.60 Td (are ) Tj ET Q q 0 0 0 rg BT 86.64 76.60 Td (not ) Tj ET Q q 0 0 0 rg BT 101.62 76.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 138.79 76.60 Td (on ) Tj ET Q q 0 0 0 rg BT 150.98 76.60 Td (the ) Tj ET Q q 0 0 0 rg BT 165.39 76.60 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.13 76.60 Td ($481.6 ) Tj ET Q q 0 0 0 rg BT 237.83 76.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.72 76.60 Td ( ) Tj ET Q q 0 0 0 rg BT 268.91 76.60 Td (of ) Tj ET Q q 0 0 0 rg BT 279.44 76.60 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 334.40 76.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 370.48 76.60 Td (of ) Tj ET Q q 0 0 0 rg BT 381.00 76.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 412.07 76.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 461.48 76.60 Td (where ) Tj ET Q q 0 0 0 rg BT 488.11 76.60 Td (management ) Tj ET Q q 0 0 0 rg BT 541.39 76.60 Td (plans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 64.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.87 64.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 96.89 64.60 Td (reinvesting ) Tj ET Q q 0 0 0 rg BT 143.91 64.60 Td (these ) Tj ET Q q 0 0 0 rg BT 167.04 64.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 203.51 64.60 Td (outside ) Tj ET Q q 0 0 0 rg BT 234.98 64.60 Td (the ) Tj ET Q q 0 0 0 rg BT 249.79 64.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 269.59 64.60 Td (As ) Tj ET Q q 0 0 0 rg BT 283.29 64.60 Td (the ) Tj ET Q q 0 0 0 rg BT 298.09 64.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 334.56 64.60 Td (of ) Tj ET Q q 0 0 0 rg BT 345.48 64.60 Td (these ) Tj ET Q q 0 0 0 rg BT 368.62 64.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 405.08 64.60 Td (have ) Tj ET Q q 0 0 0 rg BT 426.55 64.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 471.35 64.60 Td (been ) Tj ET Q q 0 0 0 rg BT 492.82 64.60 Td (taxed ) Tj ET Q q 0 0 0 rg BT 517.06 64.60 Td (in ) Tj ET Q q 0 0 0 rg BT 527.42 64.60 Td (the ) Tj ET Q q 0 0 0 rg BT 542.23 64.60 Td (U.S., ) Tj ET Q endstream endobj 155 0 obj <>] /Rotate 0 /Contents 156 0 R>> endobj 156 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.59 690.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 113.57 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 124.77 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 139.85 690.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 176.60 690.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 222.78 690.60 Td (indefinitely ) Tj ET Q q 0 0 0 rg BT 271.75 690.60 Td (reinvested ) Tj ET Q q 0 0 0 rg BT 315.71 690.60 Td (would ) Tj ET Q q 0 0 0 rg BT 343.58 690.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 383.65 690.60 Td (be ) Tj ET Q q 0 0 0 rg BT 395.96 690.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 427.15 690.60 Td (only ) Tj ET Q q 0 0 0 rg BT 447.80 690.60 Td (to ) Tj ET Q q 0 0 0 rg BT 458.45 690.60 Td (local ) Tj ET Q q 0 0 0 rg BT 480.75 690.60 Td (country ) Tj ET Q q 0 0 0 rg BT 514.16 690.60 Td (withholding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 678.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 86.72 678.60 Td (state ) Tj ET Q q 0 0 0 rg BT 107.55 678.60 Td (income ) Tj ET Q q 0 0 0 rg BT 139.48 678.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 162.53 678.60 Td (when ) Tj ET Q q 0 0 0 rg BT 186.69 678.60 Td (distributed, ) Tj ET Q q 0 0 0 rg BT 234.46 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 249.18 678.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 281.67 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 292.50 678.60 Td (which ) Tj ET Q q 0 0 0 rg BT 319.44 678.60 Td (is ) Tj ET Q q 0 0 0 rg BT 328.61 678.60 Td (not ) Tj ET Q q 0 0 0 rg BT 343.89 678.60 Td (material.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 657.60 Td (The total amount of unrecognized tax benefits, excluding interest and penalties that would favorably impact the ef) Tj ET Q q 0 0 0 rg BT 529.55 657.60 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 645.60 Td (tax rate in future periods if recognized, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.82 645.60 Td ($35.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.71 645.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.71 645.60 Td ($33.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.60 645.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.04 645.60 Td ($33.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.93 645.60 Td ( for fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.35 645.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.35 645.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.35 645.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.35 645.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 633.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 633.60 Td (, respectively) Tj ET Q q 0 0 0 rg BT 122.16 633.60 Td (. ) Tj ET Q q 0 0 0 rg BT 126.98 633.60 Td (The U.S. Internal Revenue Service has completed examinations of the Company's federal income tax returns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 621.60 Td (through 2013. Fiscal years 2016-2018 remain open for federal income tax examination. ) Tj ET Q q 0 0 0 rg BT 401.44 621.60 Td (The Company is also subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 609.60 Td (examinations in various state and foreign jurisdictions for its 201) Tj ET Q q 0 0 0 rg BT 309.36 609.60 Td (1-2018 tax years, none of which the Company believes are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 597.60 Td (significant, individually or in the aggregate. ) Tj ET Q q 0 0 0 rg BT 227.05 597.60 Td (T) Tj ET Q q 0 0 0 rg BT 232.46 597.60 Td (ax audit outcomes and timing of tax audit settlements are subject to significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 585.60 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 93.83 585.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 564.60 Td (The Company has classified uncertain tax positions as long-term income taxes payable unless such amounts are expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 552.60 Td (to be paid within twelve months from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.53 552.60 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.12 552.60 Td (. ) Tj ET Q q 0 0 0 rg BT 285.56 552.60 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.01 552.60 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.59 552.60 Td (, the Company had recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.11 552.60 Td ($1) Tj ET Q q 0 0 0 rg BT 513.74 552.60 Td (1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.63 552.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 540.60 Td (of unrecognized tax benefits, excluding interest and penalties, for positions that could be settled or not assessed within the next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 528.60 Td (twelve months. Consistent with its past practice, the Company recognizes interest and/or penalties related to income tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 516.60 Td (overpayments and income tax underpayments in income tax expense and income taxes receivable/payable, respectively) Tj ET Q q 0 0 0 rg BT 526.44 516.60 Td (. ) Tj ET Q q 0 0 0 rg BT 531.26 516.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 504.60 Td (total amount of accrued income tax-related interest in the Company's consolidated balance sheets was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.94 504.60 Td ($4.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.83 504.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.27 504.60 Td ($3.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 492.60 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.61 492.60 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.19 492.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.63 492.60 Td (December29, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.21 492.60 Td (, respectively) Tj ET Q q 0 0 0 rg BT 319.88 492.60 Td (. ) Tj ET Q q 0 0 0 rg BT 324.70 492.60 Td (The total amount of accrued income tax-related penalties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.60 Td (in the Company's consolidated balance sheets was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.64 480.60 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.53 480.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.97 480.60 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.86 480.60 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.08 480.60 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.66 480.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.10 480.60 Td (December29, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.68 480.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 468.60 Td (. ) Tj ET Q q 0 0 0 rg BT 101.98 468.60 Td (The Company accrued income tax-related interest expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 468.60 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.54 468.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.54 468.60 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.43 468.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.87 468.60 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.76 468.60 Td ( in fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.60 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.10 456.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.10 456.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.10 456.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.10 456.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.54 456.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.54 456.60 Td (, respectively) Tj ET Q q 0 0 0 rg BT 210.20 456.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 435.60 Td (The following is a tabular reconciliation of the total amounts of unrecognized tax benefits for the fiscal years indicated \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.60 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 400.10 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 400.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 400.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 400.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 400.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 400.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 370.10 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 370.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 370.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 370.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 370.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 370.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 340.10 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 340.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 340.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 340.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 340.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 340.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 310.10 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 310.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 310.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 310.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 310.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 310.10 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 400.1 m 434 400.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 400.1 m 498 400.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 400.1 m 562 400.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 295.1 m 434 295.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 281.1 m 434 281.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 279.1 m 434 279.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 295.1 m 498 295.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 281.1 m 498 281.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 279.1 m 498 279.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 295.1 m 562 295.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 281.1 m 562 281.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 279.1 m 562 279.1 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 403.080078125 m 90.119140625 403.080078125 l s q 0 0 0 rg BT 52.50 404.33 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 74.20 404.33 Td (Y) Tj ET Q q 0 0 0 rg BT 79.09 404.33 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.50 404.33 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.50 404.33 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.50 404.33 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 389.77 Td (Balance at beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 389.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 389.77 Td (39,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 389.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 389.77 Td (35,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 389.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 389.77 Td (23,399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 374.77 Td (Gross increasestax positions in prior years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 374.77 Td (6,639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 374.77 Td (7,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 374.77 Td (2,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 359.77 Td (Gross decreasestax positions in prior years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 359.82 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 359.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 359.82 Td (\(124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 359.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 359.82 Td (\(845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 359.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 344.77 Td (Gross increasestax positions in current year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 344.77 Td (184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 344.77 Td (576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 344.77 Td (13,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 329.77 Td (Settlements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.30 329.82 Td (\(1,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 329.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 329.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 329.82 Td (\(81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 329.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 314.77 Td (Lapse in statute of limitations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.30 314.82 Td (\(8,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 314.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 314.82 Td (\(2,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 314.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 314.82 Td (\(2,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 314.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 299.77 Td (Change due to currency revaluation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 299.82 Td (\(239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 299.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 299.82 Td (\(101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 299.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 299.77 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 284.77 Td (Balance at end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 284.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 284.77 Td (35,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 284.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 284.77 Td (39,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 284.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 284.77 Td (35,355) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 259.60 Td (13. Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 238.60 Td (The Company's leases consist primarily of retail space, of) Tj ET Q q 0 0 0 rg BT 302.72 238.60 Td (fices, warehouses, distribution centers, equipment and vehicles. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.60 Td (The Company determines if an agreement contains a lease at inception based on the Company's right to the economic benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.60 Td (of the leased assets and its right to direct the use of the leased asset. ROU assets represent the Company's right to use an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.60 Td (underlying asset, and ROU liabilities represent the Company's obligation to make lease payments arising from the lease. ROU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.60 Td (assets and liabilities are recognized at the lease commencement date based on the present value of the lease payments over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.60 Td (lease term. ) Tj ET Q q 0 0 0 rg BT 94.76 178.60 Td (As the Company's leases do not provide an implicit rate, the Company uses its estimated collateralized incremental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.60 Td (borrowing rate, which is based on the yield curve for the respective lease terms and adjusted for each lease country to determine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.60 Td (the present value of the lease payments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 133.60 Td (Some leases include one or more options to renew at the Company's discretion, with renewal terms that can extend the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.60 Td (lease from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.92 121.60 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.36 121.60 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.14 121.60 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.36 121.60 Td ( additional years. ) Tj ET Q q 0 0 0 rg BT 204.27 121.60 Td (The renewal options are not included in the measurement of ROU assets and ROU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.60 Td (liabilities unless the Company is reasonably certain to exercise the optional renewal periods. Short-term leases are leases having ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.60 Td (a term of twelve months or less at inception. ) Tj ET Q q 0 0 0 rg BT 229.28 97.60 Td (The Company does not record a related lease asset or liability for short-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.60 Td (leases. ) Tj ET Q q 0 0 0 rg BT 78.20 85.60 Td (The Company has certain leases containing lease and non-lease components which are accounted for as a single lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.60 Td (component. ) Tj ET Q q 0 0 0 rg BT 101.25 73.60 Td (The Company has certain lease agreements where lease payments are based on a percentage of retail sales over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 61.60 Td (contractual levels and others include rental payments adjusted periodically for inflation. ) Tj ET Q q 0 0 0 rg BT 403.09 61.60 Td (The variable portion of these lease ) Tj ET Q endstream endobj 157 0 obj <>] /Rotate 0 /Contents 158 0 R>> endobj 158 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (payments is not included in the Company's lease liabilities. ) Tj ET Q q 0 0 0 rg BT 288.30 690.60 Td (The Company's lease agreements do not contain any significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (restrictions or covenants other than those that are customary in such arrangements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 657.60 Td (The components of lease expense were as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 135.25 610.10 163.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.25 610.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.25 610.10 114.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.25 610.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.25 610.10 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.25 580.10 163.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.25 580.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.25 580.10 114.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.25 580.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.25 580.10 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.25 550.10 163.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.25 550.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.25 550.10 114.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.25 550.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.25 550.10 76.00 -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 135.25 610.1 m 298.25 610.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.25 610.1 m 417.25 610.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.25 610.1 m 498.25 610.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 135.25 610.1 m 298.25 610.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.25 610.1 m 417.25 610.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.25 610.1 m 498.25 610.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.65 614.33 Td (Lease Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.30 638.33 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.40 630.33 Td (StatementsofIncome \(Loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.70 622.33 Td (andCompr) Tj ET Q q 0 0 0 rg BT 364.90 622.33 Td (ehensive) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.50 614.33 Td (Income\(Loss\) Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.95 614.33 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 453.65 614.33 Td (Y) Tj ET Q q 0 0 0 rg BT 458.54 614.33 Td (ear) Tj ET Q q 0 0 0 rg BT 469.50 614.33 Td ( 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.75 599.77 Td (Operating lease cost) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 218.83 604.30 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.75 599.77 Td (SG&A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.75 599.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.90 599.77 Td (1) Tj ET Q q 0 0 0 rg BT 466.90 599.77 Td (17,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.75 584.77 Td (Finance lease cost:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.75 569.77 Td ( ) Tj ET Q q 0 0 0 rg BT 149.97 569.77 Td (Amortization of ROU assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.75 569.77 Td (SG&A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.75 569.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.40 569.77 Td (475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.75 554.77 Td ( Interest on lease liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.75 554.77 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.75 554.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.40 554.77 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.75 539.77 Td (Short-term lease cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.75 539.77 Td (SG&A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.75 539.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.90 539.77 Td (1,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.75 524.77 Td (V) Tj ET Q q 0 0 0 rg BT 144.42 524.77 Td (ariable lease cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.75 524.77 Td (SG&A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.75 524.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.90 524.77 Td (36,476) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.60 Td (_______________________________________________) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 49.50 489.13 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.08 484.60 Td (Includes sublease income, which was immaterial. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 463.60 Td (The following table discloses supplemental balance sheet information for the Company) Tj ET Q q 0 0 0 rg BT 424.13 463.60 Td (s leases \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 114.75 429.10 137.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.75 429.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.75 429.10 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.75 429.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.75 429.10 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.75 399.10 137.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.75 399.10 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.75 399.10 171.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.75 399.10 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.75 399.10 86.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.75 368.10 137.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.75 368.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.75 368.10 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.75 368.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.75 368.10 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.75 338.10 137.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.75 338.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.75 338.10 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.75 338.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.75 338.10 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.75 298.10 137.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.75 298.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.75 298.10 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.75 298.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.75 298.10 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.75 268.10 137.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.75 268.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.75 268.10 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.75 268.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.75 268.10 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 114.75 429.1 m 251.75 429.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.75 429.1 m 427.75 429.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.75 429.1 m 518.75 429.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 171.40 433.33 Td (Leases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.70 433.33 Td (Consolidated BalanceSheets Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.00 433.33 Td (December) Tj ET Q q 0 0 0 rg BT 477.50 433.33 Td ( 28, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 117.25 418.33 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.25 403.77 Td (Operating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.25 403.77 Td (Operating lease right-of-use assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.25 403.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.40 403.77 Td (288,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.25 378.77 Td (Finance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.25 388.77 Td (Property) Tj ET Q q 0 0 0 rg BT 293.36 388.77 Td (, plant and equipment - net of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.25 378.77 Td (accumulated depreciation of $4,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.25 378.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.40 378.77 Td (5,918) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 117.25 357.33 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.25 342.77 Td (Current:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.25 327.77 Td (Operating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.25 327.77 Td (Current operating lease liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.25 327.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.40 327.77 Td (68,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.25 302.77 Td (Finance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.25 312.77 Td (Short-term and current portion of long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.25 302.77 Td (term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.25 302.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.40 302.77 Td (1,01) Tj ET Q q 0 0 0 rg BT 509.90 302.77 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.25 287.77 Td (Noncurrent:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.25 272.77 Td (Operating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.25 272.77 Td (Long-term operating lease liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.25 272.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.40 272.77 Td (288,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.25 257.77 Td (Finance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.25 257.77 Td (Long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.25 257.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.40 257.77 Td (1,468) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 229.60 Td (The following table discloses the weighted-average remaining lease term and weighted-average discount rate for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.60 Td (Company's leases:) Tj ET Q 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 190.75 182.10 160.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 350.75 182.10 5.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 355.75 182.10 87.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 190.75 142.10 160.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 350.75 142.10 5.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 355.75 142.10 87.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 190.75 112.10 160.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 350.75 112.10 5.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 355.75 112.10 87.00 -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 190.75 182.10000000000002 m 350.75 182.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.75 182.10000000000002 m 442.75 182.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.75 182.10000000000002 m 442.75 182.10000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.80 186.33 Td (Lease ) Tj ET Q q 0 0 0 rg BT 239.28 186.33 Td (T) Tj ET Q q 0 0 0 rg BT 244.18 186.33 Td (erm and Discount Rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.50 186.33 Td (December) Tj ET Q q 0 0 0 rg BT 401.00 186.33 Td ( 28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.25 171.77 Td (W) Tj ET Q q 0 0 0 rg BT 202.29 171.77 Td (eighted-average remaining lease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.25 161.77 Td (term:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.25 146.77 Td (Operating leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 146.77 Td (6.1 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.25 131.77 Td (Finance leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 131.77 Td (2.3 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.25 116.77 Td (W) Tj ET Q q 0 0 0 rg BT 201.89 116.77 Td (eighted-average discount rate:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.25 101.77 Td (Operating leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.40 101.77 Td (13.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.90 101.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.25 86.77 Td (Finance leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.40 86.77 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.90 86.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 159 0 obj <>] /Rotate 0 /Contents 160 0 R>> endobj 160 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 690.60 Td (Future minimum lease payments by year as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.18 690.60 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.76 690.60 Td ( were as follows \(in thousands\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 142.75 665.10 137.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.75 665.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.75 665.10 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.75 665.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.75 665.10 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 142.75 635.10 137.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.75 635.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.75 635.10 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.75 635.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.75 635.10 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 142.75 605.10 137.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.75 605.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.75 605.10 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.75 605.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.75 605.10 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 142.75 575.10 137.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.75 575.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.75 575.10 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.75 575.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.75 575.10 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 142.75 545.10 137.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.75 545.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.75 545.10 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.75 545.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.75 545.10 100.00 -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 142.75 665.1 m 279.75 665.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.75 665.1 m 385.75 665.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.75 665.1 m 490.75 665.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 142.75 665.1 m 279.75 665.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.75 575.1 m 385.75 575.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.75 560.1 m 385.75 560.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.75 575.1 m 490.75 575.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.75 560.1 m 490.75 560.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.75 545.1 m 385.75 545.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.75 531.1 m 385.75 531.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.75 529.1 m 385.75 529.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.75 545.1 m 490.75 545.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.75 531.1 m 490.75 531.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.75 529.1 m 490.75 529.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 145.25 669.33 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 166.95 669.33 Td (Y) Tj ET Q q 0 0 0 rg BT 171.84 669.33 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.35 669.33 Td (Operating Leases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.35 669.33 Td (Finance Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.25 654.77 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.25 654.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.40 654.77 Td (1) Tj ET Q q 0 0 0 rg BT 354.40 654.77 Td (16,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.25 654.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.40 654.77 Td (1,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.25 639.77 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.40 639.77 Td (94,795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.90 639.77 Td (978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.25 624.77 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.40 624.77 Td (81,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.90 624.77 Td (488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.25 609.77 Td (2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.40 609.77 Td (64,582) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.90 609.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.25 594.77 Td (2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.40 594.77 Td (45,846) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.90 594.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.25 579.77 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.40 579.77 Td (153,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.90 579.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.25 564.77 Td (T) Tj ET Q q 0 0 0 rg BT 151.01 564.77 Td (otal lease payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.25 564.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.40 564.77 Td (556,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.25 564.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.40 564.77 Td (2,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.25 549.77 Td (Less: Interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.40 549.77 Td (199,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.90 549.77 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.25 534.77 Td (T) Tj ET Q q 0 0 0 rg BT 150.66 534.77 Td (otal lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.25 534.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.40 534.77 Td (357,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.25 534.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.40 534.77 Td (2,478) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 506.60 Td (Future minimum lease payments by year as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.18 506.60 Td (December29, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.76 506.60 Td ( were as follows \(in thousands\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 143.25 469.10 137.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.25 469.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.25 469.10 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.25 469.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.25 469.10 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.25 439.10 137.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.25 439.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.25 439.10 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.25 439.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.25 439.10 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.25 409.10 137.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.25 409.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.25 409.10 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.25 409.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.25 409.10 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.25 379.10 137.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.25 379.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.25 379.10 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.25 379.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.25 379.10 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.25 349.10 137.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.25 349.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.25 349.10 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.25 349.10 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.25 349.10 100.00 -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 143.25 469.1 m 280.25 469.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.25 469.1 m 385.25 469.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.25 469.1 m 490.25 469.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 143.25 469.1 m 280.25 469.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.25 469.1 m 385.25 469.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.25 469.1 m 490.25 469.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.25 379.1 m 385.25 379.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.25 365.1 m 385.25 365.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.25 363.1 m 385.25 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.25 379.1 m 490.25 379.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.25 364.1 m 490.25 364.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.25 349.1 m 490.25 349.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.25 335.1 m 490.25 335.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.25 333.1 m 490.25 333.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 145.75 473.33 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 167.45 473.33 Td (Y) Tj ET Q q 0 0 0 rg BT 172.34 473.33 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.85 473.33 Td (Operating Leases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.85 473.33 Td (Finance Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.75 458.77 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.75 458.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.90 458.77 Td (135,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.75 458.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.40 458.77 Td (951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.75 443.77 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.90 443.77 Td (105,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.40 443.77 Td (947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.75 428.77 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.90 428.77 Td (84,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.40 428.77 Td (947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.75 413.77 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.90 413.77 Td (73,928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.40 413.77 Td (696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.75 398.77 Td (2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.90 398.77 Td (61,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.40 398.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.75 383.77 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.90 383.77 Td (186,201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.40 383.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.75 368.77 Td (T) Tj ET Q q 0 0 0 rg BT 151.51 368.77 Td (otal lease payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.75 368.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.90 368.77 Td (646,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.75 368.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.90 368.77 Td (3,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.75 353.77 Td (Less: Interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.40 353.77 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.75 338.77 Td (Finance lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.75 338.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.90 338.77 Td (3,457) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 310.60 Td (Supplemental cash flow information related to leases was as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 172.75 270.10 188.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.75 270.10 100.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 172.75 220.10 188.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.75 220.10 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 172.75 190.10 188.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.75 190.10 100.00 -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 360.75 270.1 m 460.75 270.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.45 274.33 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 404.15 274.33 Td (Y) Tj ET Q q 0 0 0 rg BT 409.04 274.33 Td (ear) Tj ET Q q 0 0 0 rg BT 420.00 274.33 Td ( 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.25 259.77 Td (Cash paid for amounts included in the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.25 249.77 Td (measurement of lease liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.25 234.77 Td (Operating cash flows from operating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.25 224.77 Td (leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.25 224.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.40 224.77 Td (1) Tj ET Q q 0 0 0 rg BT 429.40 224.77 Td (16,846) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.25 209.77 Td (Operating cash flows from finance leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.90 209.77 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.25 194.77 Td (Financing cash flows from finance leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.90 194.77 Td (945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.25 179.77 Td (Leased assets obtained in exchange for new) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.25 169.77 Td (finance lease liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.90 169.77 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.25 154.77 Td (Leased assets obtained in exchange for new) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.25 144.77 Td (operating lease liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.40 144.77 Td (41,510) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 119.60 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.44 119.60 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.03 119.60 Td (, the Company did not have any material operating or finance leases that have been signed but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 107.60 Td (not commenced.) Tj ET Q endstream endobj 161 0 obj <>] /Rotate 0 /Contents 162 0 R>> endobj 162 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (77) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (14. Commitments and Contingencies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 669.75 Td (License ) Tj ET Q q 0 0 0 rg BT 107.67 669.75 Td (Agr) Tj ET Q q 0 0 0 rg BT 124.14 669.75 Td (eements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.07 669.75 Td () Tj ET Q q 0 0 0 rg BT 170.89 669.75 Td (The Company has various license agreements to market watches and jewelry bearing certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 657.75 Td (trademarks or incorporating certain technology owned by third parties. In accordance with these agreements, the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 645.75 Td (incurred royalty expense of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.94 645.75 Td ($161.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.83 645.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.83 645.75 Td ($173.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.72 645.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.16 645.75 Td ($190.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.05 645.75 Td ( in fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.58 645.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.58 645.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.58 645.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.58 645.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 633.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 633.75 Td (, respectively) Tj ET Q q 0 0 0 rg BT 122.16 633.75 Td (. ) Tj ET Q q 0 0 0 rg BT 126.98 633.75 Td (These amounts are included in the Company's cost of sales or) Tj ET Q q 0 0 0 rg BT 372.77 633.75 Td (, if advertising-related, in SG&A. ) Tj ET Q q 0 0 0 rg BT 509.22 633.75 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 621.75 Td (license agreements have expiration dates between years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.68 621.75 Td (2020 and 2028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.11 621.75 Td ( and require the Company to pay royalties ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 609.75 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.83 609.75 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.61 609.75 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.94 609.75 Td ( of defined net sales. ) Tj ET Q q 0 0 0 rg BT 178.73 609.75 Td (The Company has future minimum royalty commitments through fiscal year 2028 under these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 597.75 Td (license agreements as follows by fiscal year \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 567.25 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 567.25 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 539.25 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 539.25 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 511.25 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 511.25 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 483.25 132.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 483.25 100.00 -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 321.5 567.25 m 421.5 567.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 483.25 m 421.5 483.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 483.25 m 421.5 483.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 470.25 m 421.5 470.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 468.25 m 421.5 468.25 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 192 570.230078125 m 229.619140625 570.230078125 l s q 0 0 0 rg BT 192.00 571.48 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 213.70 571.48 Td (Y) Tj ET Q q 0 0 0 rg BT 218.59 571.48 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.55 579.33 Td (Minimum Royalty) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.75 571.33 Td (Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.00 557.82 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 557.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 557.82 Td (133,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.00 543.82 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 543.82 Td (18,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.00 529.82 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 529.82 Td (18,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.00 515.82 Td (2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 515.82 Td (19,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.00 501.82 Td (2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 501.82 Td (19,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.00 487.82 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 487.82 Td (24,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.00 473.82 Td (T) Tj ET Q q 0 0 0 rg BT 197.41 473.82 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 473.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 473.82 Td (233,652) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 448.75 Td (These minimum royalty commitments do not include amounts owed under these license agreements for obligations of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.75 Td (Company to pay the licensors a percentage of net sales of these licensed products.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 415.75 Td (Pur) Tj ET Q q 0 0 0 rg BT 89.43 415.75 Td (chase Obligations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.22 415.75 Td () Tj ET Q q 0 0 0 rg BT 176.66 415.75 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.11 415.75 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.69 415.75 Td (, the Company had purchase obligations totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.77 415.75 Td ($333.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.66 415.75 Td ( that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 403.75 Td (consisted primarily of open non-cancelable purchase orders.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 382.75 Td (Asset Retir) Tj ET Q q 0 0 0 rg BT 120.80 382.75 Td (ement Obligations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.36 382.75 Td () Tj ET Q q 0 0 0 rg BT 210.80 382.75 Td (ASC 410, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 252.76 382.75 Td (Asset Retir) Tj ET Q q 0 0 0 rg BT 295.99 382.75 Td (ement and Envir) Tj ET Q q 0 0 0 rg BT 361.71 382.75 Td (onmental Obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.16 382.75 Td (requires \(i\)that the fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.75 Td (value of a liability for an asset retirement obligation be recognized in the period in which it is incurred if a reasonable estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.75 Td (of fair value can be made and \(ii\)that the associated asset retirement costs be capitalized as part of the carrying amount of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.75 Td (long-lived asset. ) Tj ET Q q 0 0 0 rg BT 117.36 346.75 Td (The Company's asset retirement obligations relate to costs associated with the retirement of leasehold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.75 Td (improvements under of) Tj ET Q q 0 0 0 rg BT 142.63 334.75 Td (fice leases and retail store leases within the ) Tj ET Q q 0 0 0 rg BT 317.01 334.75 Td (Americas, Europe and ) Tj ET Q q 0 0 0 rg BT 408.09 334.75 Td (Asia segments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 313.75 Td (The following table summarizes the changes in the Company's asset retirement obligations \(inthousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 290.25 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 290.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 290.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 290.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 260.25 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 260.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 260.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 260.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 230.25 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 230.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 230.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 230.25 65.00 -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 429 290.25 m 494 290.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 290.25 m 563 290.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 215.25 m 494 215.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 201.25 m 494 201.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 199.25 m 494 199.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 215.25 m 563 215.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 201.25 m 563 201.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 199.25 m 563 199.25 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 293.230078125 m 90.119140625 293.230078125 l s q 0 0 0 rg BT 52.50 294.48 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 74.20 294.48 Td (Y) Tj ET Q q 0 0 0 rg BT 79.09 294.48 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 294.48 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 294.48 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 279.92 Td (Beginning asset retirement obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 279.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 279.92 Td (1) Tj ET Q q 0 0 0 rg BT 467.65 279.92 Td (1,862) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 279.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 279.92 Td (13,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 264.92 Td (Liabilities incurred during the period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 264.92 Td (563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 264.92 Td (166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 249.92 Td (Liabilities settled during the period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 249.97 Td (\(681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 249.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 249.97 Td (\(1,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 249.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 234.92 Td (Accretion expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 234.92 Td (366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 234.92 Td (366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 219.92 Td (Currency translation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 219.97 Td (\(17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 219.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 219.97 Td (\(606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 219.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 204.92 Td (Ending asset retirement obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 204.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 204.92 Td (12,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 204.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 204.92 Td (1) Tj ET Q q 0 0 0 rg BT 536.65 204.92 Td (1,862) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 179.75 Td (Litigation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.23 179.75 Td () Tj ET Q q 0 0 0 rg BT 128.05 179.75 Td (The Company is occasionally subject to litigation or other legal proceedings in the normal course of its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 167.75 Td (business. ) Tj ET Q q 0 0 0 rg BT 88.21 167.75 Td (The Company does not believe that the outcome of any currently pending legal matters, individually or collectively) Tj ET Q q 0 0 0 rg BT 549.37 167.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 155.75 Td (will have a material ef) Tj ET Q q 0 0 0 rg BT 138.72 155.75 Td (fect on the business or financial condition of the Company) Tj ET Q q 0 0 0 rg BT 372.18 155.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 134.75 Td (15. Stockholders' Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 113.75 Td (Common and Pr) Tj ET Q q 0 0 0 rg BT 144.43 113.75 Td (eferr) Tj ET Q q 0 0 0 rg BT 165.34 113.75 Td (ed Stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.23 113.75 Td () Tj ET Q q 0 0 0 rg BT 214.05 113.75 Td (The Company has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.31 113.75 Td (100,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.31 113.75 Td ( shares of common stock, par value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.16 113.75 Td ($0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.66 113.75 Td ( per share, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.75 Td (authorized, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.98 101.75 Td (50,516,477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.98 101.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.42 101.75 Td (49,517,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.42 101.75 Td ( shares issued and outstanding at fiscal year) Tj ET Q q 0 0 0 rg BT 400.89 101.75 Td (-end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.16 101.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.16 101.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.60 101.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.60 101.75 Td (, respectively) Tj ET Q q 0 0 0 rg BT 533.26 101.75 Td (. ) Tj ET Q q 0 0 0 rg BT 538.08 101.75 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.75 Td (Company has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.72 89.75 Td (1,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.72 89.75 Td ( shares of preferred stock, par value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.21 89.75 Td ($0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.71 89.75 Td ( per share, authorized, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.05 89.75 Td (none) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.49 89.75 Td ( issued or outstanding at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.75 Td (fiscal year) Tj ET Q q 0 0 0 rg BT 90.66 77.75 Td (-end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.93 77.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.93 77.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.37 77.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.37 77.75 Td (. Rights, preferences and other terms of preferred stock will be determined by the Board of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.75 Td (Directors at the time of issuance.) Tj ET Q endstream endobj 163 0 obj <>] /Rotate 0 /Contents 164 0 R>> endobj 164 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (78) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 690.75 Td (Common Stock Repur) Tj ET Q q 0 0 0 rg BT 168.88 690.75 Td (chase Pr) Tj ET Q q 0 0 0 rg BT 205.07 690.75 Td (ograms.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.23 690.75 Td (Purchases of the Company's common stock have been made from time to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td (time pursuant to its repurchase programs, subject to market conditions and at prevailing market prices, through the open market. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.75 Td (Repurchased shares of common stock are recorded at cost and become authorized but unissued shares which may be issued in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (the future for general corporate or other purposes. In the event the repurchased shares are canceled, the Company accounts for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (retirements ) Tj ET Q q 0 0 0 rg BT 96.98 642.75 Td (by ) Tj ET Q q 0 0 0 rg BT 109.48 642.75 Td (allocating ) Tj ET Q q 0 0 0 rg BT 151.41 642.75 Td (the ) Tj ET Q q 0 0 0 rg BT 166.13 642.75 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 211.93 642.75 Td (price ) Tj ET Q q 0 0 0 rg BT 234.42 642.75 Td (to ) Tj ET Q q 0 0 0 rg BT 244.70 642.75 Td (common ) Tj ET Q q 0 0 0 rg BT 282.19 642.75 Td (stock, ) Tj ET Q q 0 0 0 rg BT 308.30 642.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 350.79 642.75 Td (paid) Tj ET Q /GS0 gs q 3.00 0 0 10.09 368.01 640.59 cm /I21 Do Q q 0 0 0 rg BT 371.00 642.75 Td (in ) Tj ET Q q 0 0 0 rg BT 381.28 642.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 410.43 642.75 Td (and ) Tj ET Q q 0 0 0 rg BT 427.37 642.75 Td (retained ) Tj ET Q q 0 0 0 rg BT 462.07 642.75 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 500.77 642.75 Td (The ) Tj ET Q q 0 0 0 rg BT 518.82 642.75 Td (repurchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.75 Td (price allocation is based upon the equity contribution associated with historical issuances. ) Tj ET Q q 0 0 0 rg BT 410.62 630.75 Td (The repurchase programs have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.75 Td (conducted ) Tj ET Q q 0 0 0 rg BT 93.09 618.75 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 130.03 618.75 Td (to ) Tj ET Q q 0 0 0 rg BT 140.31 618.75 Td (Rule10b) Tj ET Q /GS0 gs q 3.00 0 0 10.09 176.70 616.59 cm /I22 Do Q q 0 0 0 rg BT 179.70 618.75 Td (18 ) Tj ET Q q 0 0 0 rg BT 192.20 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 203.03 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 217.74 618.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 259.68 618.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 301.05 618.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 317.99 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 328.82 618.75 Td (1934.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 597.75 Td (During the period from December 2012 to the end of fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.74 597.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.74 597.75 Td (, the Company repurchased approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.91 597.75 Td ($1.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 585.75 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.61 585.75 Td ( of its common stock, representing approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.68 585.75 Td (1) Tj ET Q q 0 0 0 rg BT 281.31 585.75 Td (1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.20 585.75 Td ( shares. ) Tj ET Q q 0 0 0 rg BT 357.14 585.75 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.64 585.75 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.22 585.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.66 585.75 Td (December29, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.24 585.75 Td (, all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 573.75 Td (treasury stock had been ef) Tj ET Q q 0 0 0 rg BT 153.72 573.75 Td (fectively retired. ) Tj ET Q q 0 0 0 rg BT 221.74 573.75 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.18 573.75 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.77 573.75 Td (, the Company had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.81 573.75 Td ($30.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.70 573.75 Td ( of repurchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 561.75 Td (authorizations remaining under its repurchase plan.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 540.75 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 116.87 540.75 Td (olling Inter) Tj ET Q q 0 0 0 rg BT 164.75 540.75 Td (est.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.91 540.75 Td ( ) Tj ET Q q 0 0 0 rg BT 183.73 540.75 Td (The Company entered into an agreement to purchase the outstanding minority interest shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 528.75 Td (in Fossil South ) Tj ET Q q 0 0 0 rg BT 111.47 528.75 Td (Africa, representing the entire noncontrolling interest in the subsidiary) Tj ET Q q 0 0 0 rg BT 392.68 528.75 Td (. ) Tj ET Q q 0 0 0 rg BT 397.50 528.75 Td (The purchase price is based on variable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 516.75 Td (payments through fiscal year 2021, the present value of which the Company has measured at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.28 516.75 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.17 516.75 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.33 516.75 Td (December28, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 504.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 504.75 Td (. ) Tj ET Q q 0 0 0 rg BT 74.32 504.75 Td (The Company made payments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.56 504.75 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.46 504.75 Td ( during fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.43 504.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.43 504.75 Td ( towards the purchase price. ) Tj ET Q q 0 0 0 rg BT 467.64 504.75 Td (The transaction was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.75 Td (accounted for as an equity transaction. ) Tj ET Q q 0 0 0 rg BT 208.15 492.75 Td (The Company recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.06 492.75 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.95 492.75 Td ( of the variable consideration in accrued expenses-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.75 Td (other and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.49 480.75 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.38 480.75 Td ( in other long-term liabilities in the consolidated balance sheets at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.58 480.75 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.16 480.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 456.75 Td (16. Employee Benefit Plans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 435.75 Td (Deferr) Tj ET Q q 0 0 0 rg BT 101.63 435.75 Td (ed Compensation and Savings Plans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.06 435.75 Td () Tj ET Q q 0 0 0 rg BT 267.88 435.75 Td (The Company has a defined contribution savings plan \(the "401\(k\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.75 Td (Plan"\) for substantially all U.S.-based full-time employees of the Company) Tj ET Q q 0 0 0 rg BT 349.82 423.75 Td (, which includes a Roth 401\(k\) option. ) Tj ET Q q 0 0 0 rg BT 506.00 423.75 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 411.75 Td (Company's common stock is one of several investment alternatives available under the 401\(k\) Plan. ) Tj ET Q q 0 0 0 rg BT 450.74 411.75 Td (The Company has a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 399.75 Td (discretionary match for the 401\(k\) Plan. ) Tj ET Q q 0 0 0 rg BT 211.40 399.75 Td (After ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.00 399.75 Td (90 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.83 399.75 Td (of service \(minimum of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.53 399.75 Td (250 hours) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.25 399.75 Td (worked\), the Company matches ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.43 399.75 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.76 399.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 387.75 Td (of employee contributions up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.75 387.75 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.08 387.75 Td ( of their compensation. Matching contributions made by the Company to the 401\(k\) Plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 375.75 Td (totaled approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.47 375.75 Td ($3.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.36 375.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.36 375.75 Td ($2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.25 375.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.69 375.75 Td ($2.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.58 375.75 Td ( for fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.00 375.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 375.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 375.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 375.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.44 375.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.44 375.75 Td (, respectively) Tj ET Q q 0 0 0 rg BT 512.10 375.75 Td (. ) Tj ET Q q 0 0 0 rg BT 516.92 375.75 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 363.75 Td (Company also has the right to make additional matching contributions not to exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.15 363.75 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.48 363.75 Td ( of employee compensation. ) Tj ET Q q 0 0 0 rg BT 522.54 363.75 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 351.75 Td (Company did ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.17 351.75 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.17 351.75 Td (t make any additional matching contributions during fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.38 351.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.38 351.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.38 351.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.38 351.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.81 351.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.81 351.75 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 330.75 Td (Under the Fossil Group,Inc. and ) Tj ET Q q 0 0 0 rg BT 206.82 330.75 Td (Af) Tj ET Q q 0 0 0 rg BT 217.19 330.75 Td (filiates Deferred Compensation Plan \(the "Deferred Plan"\) eligible participants may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.75 Td (elect to defer up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.97 318.75 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.30 318.75 Td ( of their salary or up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.44 318.75 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.77 318.75 Td ( of any bonuses paid pursuant to the terms and conditions of the Deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (Plan. In addition, the Company may make employer contributions to participants under the Deferred Plan from time to time. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.75 Td (The Company made no contributions to the Deferred Plan during fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.53 294.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.53 294.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.53 294.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.53 294.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.96 294.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.96 294.75 Td (. In prior periods, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.75 Td (Company made payments pursuant to the Deferred Plan into a Rabbi ) Tj ET Q q 0 0 0 rg BT 327.31 282.75 Td (T) Tj ET Q q 0 0 0 rg BT 333.06 282.75 Td (rust. ) Tj ET Q q 0 0 0 rg BT 352.88 282.75 Td (The funds held in the Rabbi ) Tj ET Q q 0 0 0 rg BT 466.57 282.75 Td (T) Tj ET Q q 0 0 0 rg BT 472.33 282.75 Td (rust are directed to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.75 Td (certain investments available through life insurance products. ) Tj ET Q q 0 0 0 rg BT 297.57 270.75 Td (The Company had assets of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.60 270.75 Td ($5.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.50 270.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.93 270.75 Td ($4.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.83 270.75 Td ( related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.75 Td (to the Company's invested balances recorded in intangible and other assetsnet and liabilities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.09 258.75 Td ($4.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.98 258.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.42 258.75 Td ($3.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.31 258.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.75 Td (related to the participants' invested balances recorded in accrued expensesother) Tj ET Q q 0 0 0 rg BT 375.48 246.75 Td (, each on the Company's consolidated balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.75 Td (sheets at the end of fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.39 234.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.39 234.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.83 234.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.83 234.75 Td (, respectively) Tj ET Q q 0 0 0 rg BT 288.49 234.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 213.75 Td (Stock-Based Compensation Plans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.80 213.75 Td () Tj ET Q q 0 0 0 rg BT 228.62 213.75 Td (The Company) Tj ET Q q 0 0 0 rg BT 288.33 213.75 Td (s grants under its current stock-based compensation plans generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 201.75 Td (include: \(i\)stock options, restricted stock units, and performance restricted stock units for its international employees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 189.75 Td (\(ii\)restricted stock units for its nonemployee directors, and \(iii\)stock appreciation rights, performance stock appreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 177.75 Td (rights, restricted stock, restricted stock units, and performance restricted stock units for its U.S.-based employees. ) Tj ET Q q 0 0 0 rg BT 505.77 177.75 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 165.75 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 165.75 Td (, the Company had approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.38 165.75 Td ($18.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.28 165.75 Td ( of total unrecognized compensation cost related to non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 153.75 Td (vested share-based compensation arrangements granted under the Company's stock based compensation plans. ) Tj ET Q q 0 0 0 rg BT 494.05 153.75 Td (This cost is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 141.75 Td (expected to be recognized over a weighted-average period of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.02 141.75 Td (1.4 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.12 141.75 Td (. ) Tj ET Q q 0 0 0 rg BT 396.57 141.75 Td (All time-based or performance-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 129.75 Td (stock appreciation rights and restricted stock units are settled in shares of the Company's common stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 108.75 Td (Long-T) Tj ET Q q 0 0 0 rg BT 104.81 108.75 Td (erm Incentive Plans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.30 108.75 Td () Tj ET Q q 0 0 0 rg BT 201.75 108.75 Td (An aggregate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.66 108.75 Td (3,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.66 108.75 Td ( shares of the Company's common stock were reserved for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 96.75 Td (issuance pursuant to the Company's 2016 Long-T) Tj ET Q q 0 0 0 rg BT 247.24 96.75 Td (erm Incentive Plan \("2016 L) Tj ET Q q 0 0 0 rg BT 360.37 96.75 Td (TIP"\), adopted in March 2016. Pursuant to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 84.75 Td (First ) Tj ET Q q 0 0 0 rg BT 69.79 84.75 Td (Amendment to the Company) Tj ET Q q 0 0 0 rg BT 188.38 84.75 Td (s 2016 Long-T) Tj ET Q q 0 0 0 rg BT 247.12 84.75 Td (erm Incentive Plan, which was approved by our shareholders on May 23, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 72.75 Td (2018, the number of shares of the Company) Tj ET Q q 0 0 0 rg BT 227.80 72.75 Td (s common stock authorized for issuance under the Company) Tj ET Q q 0 0 0 rg BT 472.18 72.75 Td (s 2016 Long-T) Tj ET Q q 0 0 0 rg BT 530.92 72.75 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 60.75 Td (Incentive Plan, as amended \(the 2016 Plan\), was increased from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.18 60.75 Td (3,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.18 60.75 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.96 60.75 Td (10,288,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.96 60.75 Td (, such additional shares consisting of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 48.75 Td (\(i\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.44 48.75 Td (5,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.44 48.75 Td ( additional shares of common stock and \(ii\)up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.29 48.75 Td (2,288,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.29 48.75 Td ( shares of common stock subject to awards under the ) Tj ET Q endstream endobj 165 0 obj <>] /Rotate 0 /Contents 166 0 R>> endobj 166 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 690.60 Td (s 2008 Long-T) Tj ET Q q 0 0 0 rg BT 149.91 690.60 Td (erm Incentive Plan \(the 2008 Plan\) that were outstanding on March31, 2018 and, on or after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (March31, 2018, are forfeited, expire or are canceled. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 657.60 Td (Under the 2016 Plan, designated employees of the Company) Tj ET Q q 0 0 0 rg BT 315.30 657.60 Td (, including of) Tj ET Q q 0 0 0 rg BT 368.72 657.60 Td (ficers, certain contractors, and outside directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 645.60 Td (of the Company) Tj ET Q q 0 0 0 rg BT 113.28 645.60 Td (, are eligible to receive \(i\)stock options, \(ii\)stock appreciation rights, \(iii\)restricted or non-restricted stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 633.60 Td (awards, \(iv\) restricted stock units, \(v\)performance awards, \(vi\)cash awards, or \(vii\)any combination of the foregoing. ) Tj ET Q q 0 0 0 rg BT 527.77 633.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 621.60 Td (2016 Plan is administered by the Compensation Committee of the Company's Board of Directors \(the "Compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 609.60 Td (Committee"\). Each award issued under the 2016 Plan terminates at the time designated by the Compensation Committee, not to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 597.60 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.75 597.60 Td (ten years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.57 597.60 Td (. ) Tj ET Q q 0 0 0 rg BT 120.39 597.60 Td (The current outstanding stock options, stock appreciation rights, performance stock appreciation rights, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 585.60 Td (restricted stock, restricted stock units and performance restricted stock units issued under the 2016 Plan predominantly have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 573.60 Td (original vesting periods of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.26 573.60 Td (three years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.84 573.60 Td (. ) Tj ET Q q 0 0 0 rg BT 205.66 573.60 Td (T) Tj ET Q q 0 0 0 rg BT 211.42 573.60 Td (ime-based or performance-based stock appreciation rights and restricted stock units are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 561.60 Td (predominately settled in shares of the Company's common stock. On the date of the Company) Tj ET Q q 0 0 0 rg BT 428.17 561.60 Td (s annual stockholders meeting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 549.60 Td (each nonemployee director automatically receives restricted stock units with a fair market value of approximately $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.82 549.60 Td (130,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.32 549.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 537.60 Td (which vest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.05 537.60 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.38 537.60 Td ( on the earlier of one year from the date of grant or the date of the Company's next annual stockholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 525.60 Td (meeting, provided such director is providing services to the Company or a subsidiary of the Company on that date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 513.60 Td (Notwithstanding the foregoing, the Company) Tj ET Q q 0 0 0 rg BT 233.64 513.60 Td (s Board of Directors elected to take a one-time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.73 513.60 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.06 513.60 Td ( reduction of such annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 501.60 Td (grant in 2019 and 2018, and each nonemployee director thus received a grant on May 22, 2019 of restricted stock units with a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 489.60 Td (fair market value of approximately $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.38 489.60 Td (97,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.88 489.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 468.60 Td (Stock Options, Stock ) Tj ET Q q 0 0 0 rg BT 164.63 468.60 Td (Appr) Tj ET Q q 0 0 0 rg BT 187.24 468.60 Td (eciation Rights and Performance Stock ) Tj ET Q q 0 0 0 rg BT 355.83 468.60 Td (Appr) Tj ET Q q 0 0 0 rg BT 378.43 468.60 Td (eciation Rights.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.54 468.60 Td () Tj ET Q q 0 0 0 rg BT 454.36 468.60 Td (The fair value of stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.60 Td (options, stock appreciation rights and performance stock appreciation rights granted under the Company's stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 444.60 Td (compensation plans were estimated on the date of grant using the Black-Scholes option pricing model.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 423.60 Td (The expected term of the stock options represents the estimated period of time until exercise and is based on historical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 411.60 Td (experience of similar awards. Expected stock price volatility is based on the historical volatility of the Company) Tj ET Q q 0 0 0 rg BT 501.32 411.60 Td (s common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 399.60 Td (stock. ) Tj ET Q q 0 0 0 rg BT 75.43 399.60 Td (The ) Tj ET Q q 0 0 0 rg BT 93.47 399.60 Td (risk) Tj ET Q /GS0 gs q 3.00 0 0 10.09 108.47 397.44 cm /I23 Do Q q 0 0 0 rg BT 111.47 399.60 Td (free ) Tj ET Q q 0 0 0 rg BT 129.51 399.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 161.44 399.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 178.93 399.60 Td (is ) Tj ET Q q 0 0 0 rg BT 188.10 399.60 Td (based ) Tj ET Q q 0 0 0 rg BT 213.37 399.60 Td (on ) Tj ET Q q 0 0 0 rg BT 225.87 399.60 Td (the ) Tj ET Q q 0 0 0 rg BT 240.58 399.60 Td (implied ) Tj ET Q q 0 0 0 rg BT 273.64 399.60 Td (yield ) Tj ET Q q 0 0 0 rg BT 296.13 399.60 Td (available ) Tj ET Q q 0 0 0 rg BT 334.72 399.60 Td (on ) Tj ET Q q 0 0 0 rg BT 347.22 399.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 367.32 399.60 Td (T) Tj ET Q q 0 0 0 rg BT 373.08 399.60 Td (reasury ) Tj ET Q q 0 0 0 rg BT 405.01 399.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 445.27 399.60 Td (with ) Tj ET Q q 0 0 0 rg BT 465.55 399.60 Td (an ) Tj ET Q q 0 0 0 rg BT 477.49 399.60 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 521.64 399.60 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 387.60 Td (term. ) Tj ET Q q 0 0 0 rg BT 75.14 387.60 Td (The Company did not issue stock options, stock appreciation rights and performance stock appreciation rights in fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 375.60 Td (years 2019, 2018 and 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 354.60 Td (The following table summarizes stock option, stock appreciation rights and performance stock appreciation rights ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (activity:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 260.10 261.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.00 260.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 260.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 260.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 260.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 260.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 260.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 260.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 230.10 261.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.00 230.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 230.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 230.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 230.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 230.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 230.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 230.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 200.10 261.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.00 200.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 200.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 200.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 200.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 200.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 200.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 200.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 170.10 261.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.00 170.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 170.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 170.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 170.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 170.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 170.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 170.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 140.10 261.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.00 140.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 140.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 140.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 140.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 140.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 140.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 140.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 110.10 261.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.00 110.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 110.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 110.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 110.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 110.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 110.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 110.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 80.10 261.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.00 80.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 80.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 80.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 80.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 80.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 80.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 80.10 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 273.1 m 371 273.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 273.1 m 435 273.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 273.1 m 499 273.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 273.1 m 563 273.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 273.1 m 563 273.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 200.10000000000002 m 371 200.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 140.10000000000002 m 371 140.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 80.10000000000002 m 371 80.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 65.10000000000002 m 371 65.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 51.10000000000002 m 371 51.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 49.10000000000002 m 371 49.10000000000002 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 276.080078125 m 207.2734375 276.080078125 l s q 0 0 0 rg BT 52.50 277.33 Td (Stock Options and Stock ) Tj ET Q q 0 0 0 rg BT 138.30 277.33 Td (Appr) Tj ET Q q 0 0 0 rg BT 156.39 277.33 Td (eciation Rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.00 277.33 Td (Shar) Tj ET Q q 0 0 0 rg BT 345.38 277.33 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.90 293.33 Td (W) Tj ET Q q 0 0 0 rg BT 394.68 293.33 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.55 285.33 Td (A) Tj ET Q q 0 0 0 rg BT 396.03 285.33 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.25 277.33 Td (Exer) Tj ET Q q 0 0 0 rg BT 396.62 277.33 Td (cise Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.90 309.33 Td (W) Tj ET Q q 0 0 0 rg BT 458.68 309.33 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.55 301.33 Td (A) Tj ET Q q 0 0 0 rg BT 460.03 301.33 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.80 293.33 Td (Remaining) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.80 285.33 Td (Contractual) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.05 277.33 Td (T) Tj ET Q q 0 0 0 rg BT 451.02 277.33 Td (erm \(Y) Tj ET Q q 0 0 0 rg BT 474.42 277.33 Td (ears\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.00 293.33 Td (Aggr) Tj ET Q q 0 0 0 rg BT 532.26 293.33 Td (egate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.80 285.33 Td (Intrinsic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.85 277.33 Td (V) Tj ET Q q 0 0 0 rg BT 528.26 277.33 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 264.33 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.80 264.33 Td (in thousands) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.80 264.33 Td (in thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 249.77 Td (Outstanding at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 249.77 Td (2,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.50 249.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 249.77 Td (50.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 249.77 Td (6.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 249.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 249.77 Td (627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 234.77 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 234.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 234.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 219.77 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.80 219.82 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 219.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 219.77 Td (13.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 219.77 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 204.77 Td (Forfeited or expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.80 204.82 Td (\(97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 204.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 204.77 Td (67.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 189.77 Td (Outstanding at December 30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 189.77 Td (2,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 189.77 Td (50.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 189.77 Td (5.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 189.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 174.77 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 174.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 174.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 159.77 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.80 159.82 Td (\(21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 159.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 159.77 Td (14.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 159.77 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 144.77 Td (Forfeited or expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.80 144.82 Td (\(226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 144.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 144.77 Td (59.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 129.77 Td (Outstanding at December 29, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 129.77 Td (1,930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 129.77 Td (49.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 129.77 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 129.77 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 114.77 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 114.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 114.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 99.77 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.80 99.82 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 99.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 99.77 Td (13.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 99.77 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 84.77 Td (Forfeited or expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.30 84.82 Td (\(1,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 84.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 84.77 Td (39.84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 69.77 Td (Outstanding at December 28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 69.77 Td (509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 69.77 Td (76.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 69.77 Td (2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 69.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 54.77 Td (Exercisable at December 28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 54.77 Td (509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.50 54.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 54.77 Td (76.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 54.77 Td (2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 54.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 54.77 Td () Tj ET Q BT /F1 10.00 Tf ET endstream endobj 167 0 obj <>] /Rotate 0 /Contents 168 0 R>> endobj 168 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 690.60 Td (The aggregate intrinsic value in the table above is before income taxes and is based on the exercise price for outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (and exercisable options/rights at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.13 678.60 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.71 678.60 Td ( and based on the fair market value of the Company's common stock on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (exercise date for options/rights that were exercised during the fiscal year) Tj ET Q q 0 0 0 rg BT 339.39 666.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 645.60 Td (Stock Options, Stock ) Tj ET Q q 0 0 0 rg BT 164.63 645.60 Td (Appr) Tj ET Q q 0 0 0 rg BT 187.24 645.60 Td (eciation Rights and Performance Stock ) Tj ET Q q 0 0 0 rg BT 355.83 645.60 Td (Appr) Tj ET Q q 0 0 0 rg BT 378.43 645.60 Td (eciation Rights Outstanding and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 633.60 Td (Exer) Tj ET Q q 0 0 0 rg BT 69.87 633.60 Td (cisable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.25 633.60 Td () Tj ET Q q 0 0 0 rg BT 111.07 633.60 Td (The following tables summarize information with respect to stock options, stock appreciation rights and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 621.60 Td (performance stock appreciation rights outstanding and exercisable at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.62 621.60 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.20 621.60 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 537.10 192.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.00 537.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 537.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 537.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 537.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 537.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 537.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 537.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 537.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 537.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 507.10 192.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.00 507.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 507.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 507.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 507.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 507.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 507.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 507.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 507.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 507.10 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 590.1 m 242 590.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 590.1 m 292 590.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 590.1 m 296 590.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 590.1 m 356 590.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 590.1 m 360 590.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 590.1 m 435 590.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 590.1 m 499 590.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 590.1 m 503 590.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 590.1 m 563 590.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 550.1 m 292 550.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 550.1 m 356 550.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 550.1 m 435 550.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 590.1 m 499 590.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 550.1 m 499 550.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 590.1 m 563 590.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 550.1 m 563 550.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 550.1 m 292 550.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 550.1 m 499 550.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 492.1 m 292 492.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 478.1 m 292 478.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 476.1 m 292 476.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 492.1 m 356 492.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 478.1 m 356 478.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 476.1 m 356 476.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 492.1 m 435 492.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 478.1 m 435 478.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 476.1 m 435 476.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 492.1 m 499 492.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 478.1 m 499 478.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 476.1 m 499 476.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 492.1 m 563 492.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 478.1 m 563 478.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 476.1 m 563 476.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.50 594.33 Td (Stock Options Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.35 602.33 Td (Stock Options) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.75 594.33 Td (Exer) Tj ET Q q 0 0 0 rg BT 497.04 594.33 Td (cisable) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 553.080078125 m 136.546875 553.080078125 l s q 0 0 0 rg BT 52.50 554.33 Td (Range of Exer) Tj ET Q q 0 0 0 rg BT 101.23 554.33 Td (cise Prices) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.00 562.33 Td (Number) Tj ET Q q 0 0 0 rg BT 276.30 562.33 Td ( of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.00 554.33 Td (Shar) Tj ET Q q 0 0 0 rg BT 271.30 554.33 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.90 570.33 Td (W) Tj ET Q q 0 0 0 rg BT 315.46 570.33 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.55 562.33 Td (A) Tj ET Q q 0 0 0 rg BT 316.73 562.33 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.25 554.33 Td (Exer) Tj ET Q q 0 0 0 rg BT 317.54 554.33 Td (cise Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.50 578.33 Td (W) Tj ET Q q 0 0 0 rg BT 373.06 578.33 Td (eighted-A) Tj ET Q q 0 0 0 rg BT 405.79 578.33 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.30 570.33 Td (Remaining) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.30 562.33 Td (Contractual) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.55 554.33 Td (T) Tj ET Q q 0 0 0 rg BT 379.15 554.33 Td (erm \(Y) Tj ET Q q 0 0 0 rg BT 402.47 554.33 Td (ears\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.00 562.33 Td (Number) Tj ET Q q 0 0 0 rg BT 478.30 562.33 Td ( of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.00 554.33 Td (Shar) Tj ET Q q 0 0 0 rg BT 473.30 554.33 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.90 578.33 Td (W) Tj ET Q q 0 0 0 rg BT 522.46 578.33 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.55 570.33 Td (A) Tj ET Q q 0 0 0 rg BT 523.73 570.33 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.10 562.33 Td (Exer) Tj ET Q q 0 0 0 rg BT 534.39 562.33 Td (cise) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.60 554.33 Td (Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 541.33 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.80 541.33 Td (in thousands) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.80 541.33 Td (in thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 526.77 Td ($29.49 - $47.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 526.77 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 526.77 Td (38.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 526.77 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 526.77 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 526.77 Td (38.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 511.77 Td ($55.04 - $83.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 511.77 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 511.77 Td (81.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 511.77 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 511.77 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 511.77 Td (81.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 496.77 Td ($95.91 - $131.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 496.77 Td (87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 496.77 Td (128.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 496.77 Td (2.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 496.77 Td (87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 496.77 Td (128.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 481.77 Td (T) Tj ET Q q 0 0 0 rg BT 63.91 481.77 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.15 481.77 Td (184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 481.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 481.77 Td (95.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 481.77 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 481.77 Td (184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 481.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 481.77 Td (95.63) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 387.10 192.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.00 387.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 387.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 387.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 387.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 387.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 387.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 387.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 387.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 387.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 357.10 192.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.00 357.10 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 357.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 357.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 357.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 357.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 357.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 357.10 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 357.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 357.10 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 437.1 m 242 437.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 437.1 m 292 437.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 437.1 m 296 437.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 437.1 m 356 437.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 437.1 m 360 437.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 437.1 m 435 437.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 437.1 m 499 437.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 437.1 m 503 437.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 437.1 m 563 437.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 437.1 m 292 437.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 400.1 m 292 400.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 437.1 m 356 437.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 400.1 m 356 400.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 437.1 m 435 437.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 400.1 m 435 400.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 400.1 m 499 400.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 437.1 m 563 437.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 400.1 m 563 400.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 342.1 m 292 342.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 328.1 m 292 328.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 326.1 m 292 326.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 342.1 m 356 342.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 328.1 m 356 328.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 326.1 m 356 326.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 342.1 m 435 342.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 328.1 m 435 328.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 326.1 m 435 326.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 342.1 m 499 342.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 328.1 m 499 328.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 326.1 m 499 326.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 342.1 m 563 342.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 328.1 m 563 328.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 326.1 m 563 326.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 174.80 441.33 Td (Stock ) Tj ET Q q 0 0 0 rg BT 195.69 441.33 Td (Appr) Tj ET Q q 0 0 0 rg BT 213.63 441.33 Td (eciation Rights Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.75 449.33 Td (Stock ) Tj ET Q q 0 0 0 rg BT 488.42 449.33 Td (Appr) Tj ET Q q 0 0 0 rg BT 506.50 449.33 Td (eciation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.65 441.33 Td (Rights Exer) Tj ET Q q 0 0 0 rg BT 509.17 441.33 Td (cisable) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 403.080078125 m 136.546875 403.080078125 l s q 0 0 0 rg BT 52.50 404.33 Td (Range of Exer) Tj ET Q q 0 0 0 rg BT 101.23 404.33 Td (cise Prices) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.00 412.33 Td (Number) Tj ET Q q 0 0 0 rg BT 276.30 412.33 Td ( of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.00 404.33 Td (Shar) Tj ET Q q 0 0 0 rg BT 271.30 404.33 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.90 420.33 Td (W) Tj ET Q q 0 0 0 rg BT 315.46 420.33 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.55 412.33 Td (A) Tj ET Q q 0 0 0 rg BT 316.73 412.33 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.25 404.33 Td (Exer) Tj ET Q q 0 0 0 rg BT 317.54 404.33 Td (cise Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.50 428.33 Td (W) Tj ET Q q 0 0 0 rg BT 373.06 428.33 Td (eighted-A) Tj ET Q q 0 0 0 rg BT 405.79 428.33 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.30 420.33 Td (Remaining) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.30 412.33 Td (Contractual) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.55 404.33 Td (T) Tj ET Q q 0 0 0 rg BT 379.15 404.33 Td (erm \(Y) Tj ET Q q 0 0 0 rg BT 402.47 404.33 Td (ears\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.00 412.33 Td (Number) Tj ET Q q 0 0 0 rg BT 478.30 412.33 Td ( of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.00 404.33 Td (Shar) Tj ET Q q 0 0 0 rg BT 473.30 404.33 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.90 428.33 Td (W) Tj ET Q q 0 0 0 rg BT 522.46 428.33 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.55 420.33 Td (A) Tj ET Q q 0 0 0 rg BT 523.73 420.33 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.10 412.33 Td (Exer) Tj ET Q q 0 0 0 rg BT 534.39 412.33 Td (cise) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.60 404.33 Td (Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.80 391.33 Td (in thousands) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.80 391.33 Td (in thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 376.77 Td ($29.49 - $47.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.15 376.77 Td (182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 376.77 Td (42.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 376.77 Td (3.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 376.77 Td (182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 376.77 Td (42.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 361.77 Td ($55.04 - $83.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 361.77 Td (77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 361.77 Td (78.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 361.77 Td (2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 361.77 Td (77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 361.77 Td (78.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 346.77 Td ($95.91 - $131.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 346.77 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 346.77 Td (1) Tj ET Q q 0 0 0 rg BT 329.65 346.77 Td (1) Tj ET Q q 0 0 0 rg BT 334.65 346.77 Td (1.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 346.77 Td (1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 346.77 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 346.77 Td (1) Tj ET Q q 0 0 0 rg BT 536.65 346.77 Td (1) Tj ET Q q 0 0 0 rg BT 541.65 346.77 Td (1.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 331.77 Td (T) Tj ET Q q 0 0 0 rg BT 63.91 331.77 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.15 331.77 Td (325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 331.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 331.77 Td (65.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 331.77 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 331.77 Td (325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 331.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 331.77 Td (65.08) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 169 0 obj <>] /Rotate 0 /Contents 170 0 R>> endobj 170 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (81) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 690.75 Td (Restricted Stock, Restricted Stock Units and Performance Restricted Stock Units.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.49 690.75 Td () Tj ET Q q 0 0 0 rg BT 431.31 690.75 Td (The following table summarizes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td (restricted stock, restricted stock unit and performance restricted stock unit activity:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 626.25 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 626.25 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 626.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 626.25 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 596.25 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 596.25 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 596.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 596.25 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 566.25 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 566.25 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 566.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 566.25 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 536.25 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 536.25 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 536.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 536.25 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 506.25 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 506.25 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 506.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 506.25 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 476.25 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 476.25 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 476.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 476.25 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 446.25 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 446.25 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 446.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 446.25 92.00 -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 396 639.25 m 467 639.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 639.25 m 563 639.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 566.25 m 467 566.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 506.25 m 467 506.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 446.25 m 467 446.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 432.25 m 467 432.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 430.25 m 467 430.25 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 642.230078125 m 328.890625 642.230078125 l s q 0 0 0 rg BT 52.50 643.48 Td (Restricted Stock, Restricted Stock Units and Performance Restricted Stock Units) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.50 651.48 Td (Number) Tj ET Q q 0 0 0 rg BT 440.80 651.48 Td ( of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.50 643.48 Td (Shar) Tj ET Q q 0 0 0 rg BT 435.80 643.48 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.00 659.48 Td (W) Tj ET Q q 0 0 0 rg BT 492.56 659.48 Td (eighted-A) Tj ET Q q 0 0 0 rg BT 525.29 659.48 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.80 651.48 Td (Grant Date Fair) Tj ET Q q 0 0 0 rg BT 544.19 651.48 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.00 643.48 Td (V) Tj ET Q q 0 0 0 rg BT 494.04 643.48 Td (alue Per) Tj ET Q q 0 0 0 rg BT 522.11 643.48 Td ( Shar) Tj ET Q q 0 0 0 rg BT 540.41 643.48 Td (e) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 630.48 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.30 630.48 Td (in thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 615.92 Td (Nonvested at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 615.92 Td (1,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.50 615.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 615.92 Td (40.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 600.92 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 600.92 Td (2,381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 600.92 Td (14.81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 585.92 Td (V) Tj ET Q q 0 0 0 rg BT 59.17 585.92 Td (ested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 585.97 Td (\(479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 585.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 585.92 Td (44.79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 570.92 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 570.97 Td (\(326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 570.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 570.92 Td (25.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 555.92 Td (Nonvested at December 30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 555.92 Td (2,981) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.50 555.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 555.92 Td (20.84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 540.92 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 540.92 Td (1,456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 540.92 Td (14.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 525.92 Td (V) Tj ET Q q 0 0 0 rg BT 59.17 525.92 Td (ested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.30 525.97 Td (\(1,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 525.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 525.92 Td (25.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 510.92 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 510.97 Td (\(386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 510.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 510.92 Td (19.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 495.92 Td (Nonvested at December 29, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 495.92 Td (3,01) Tj ET Q q 0 0 0 rg BT 458.15 495.92 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.50 495.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 495.92 Td (17.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 480.92 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 480.92 Td (1,008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 480.92 Td (13.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 465.92 Td (V) Tj ET Q q 0 0 0 rg BT 59.17 465.92 Td (ested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.30 465.97 Td (\(1,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 465.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 465.92 Td (17.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 450.92 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 450.97 Td (\(397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 450.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 450.92 Td (21.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 435.92 Td (Nonvested at December 28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 435.92 Td (2,329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.50 435.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 435.92 Td (15.16) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 410.75 Td (The total fair value of shares/units vested during fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.31 410.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.31 410.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.31 410.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.31 410.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.75 410.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.75 410.75 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.30 410.75 Td ($17.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.19 410.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.19 410.75 Td ($16.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.08 410.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.75 Td ($6.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.39 398.75 Td (, respectively) Tj ET Q q 0 0 0 rg BT 151.05 398.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 377.75 Td (Other) Tj ET Q q 0 0 0 rg BT 98.87 377.75 Td ( Retir) Tj ET Q q 0 0 0 rg BT 123.39 377.75 Td (ement Plans. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.33 377.75 Td (The Company maintains a defined benefit plan for its employees located in Switzerland. ) Tj ET Q q 0 0 0 rg BT 536.16 377.75 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.75 Td (plan is funded through payments to an insurance company) Tj ET Q q 0 0 0 rg BT 282.13 365.75 Td (. ) Tj ET Q q 0 0 0 rg BT 286.95 365.75 Td (The payments are determined by periodic actuarial calculations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.75 Td (During fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 353.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.08 353.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.08 353.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.08 353.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.52 353.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.52 353.75 Td (, the Company recorded pension gains \(expenses\) of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.41 353.75 Td ($0.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.30 353.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.30 353.75 Td ($\(0.6\) million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.85 353.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.75 Td ($\(1.8\) million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.05 341.75 Td (, respectively) Tj ET Q q 0 0 0 rg BT 157.71 341.75 Td (, related to this plan. ) Tj ET Q q 0 0 0 rg BT 241.68 341.75 Td (The liability for the Company's defined benefit plan was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.81 341.75 Td ($17.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.70 341.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.14 341.75 Td ($9.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 329.75 Td ( at the end of fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.85 329.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.85 329.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.29 329.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.29 329.75 Td (, respectively) Tj ET Q q 0 0 0 rg BT 292.95 329.75 Td (. ) Tj ET Q q 0 0 0 rg BT 297.77 329.75 Td (This liability is recorded in other long-term liabilities on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.75 Td (Company's consolidated balance sheets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 296.75 Td (Under French law) Tj ET Q q 0 0 0 rg BT 145.05 296.75 Td (, the Company is required to maintain a defined benefit plan for its employees located in France, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.75 Td (is referred to as a "retirement indemnity) Tj ET Q q 0 0 0 rg BT 208.43 284.75 Td (." ) Tj ET Q q 0 0 0 rg BT 217.33 284.75 Td (The amount of the retirement indemnity is based on the employee's last salary and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.75 Td (duration of employment with the Company) Tj ET Q q 0 0 0 rg BT 221.88 272.75 Td (. ) Tj ET Q q 0 0 0 rg BT 226.70 272.75 Td (The employee's right to receive the retirement indemnity is subject to the employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.75 Td (remaining with the Company until retirement. During fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.43 260.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.43 260.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.43 260.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.43 260.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.87 260.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.87 260.75 Td (, the Company recorded pension gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.75 Td (\(expenses\) of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.59 248.75 Td ($\(0.4\) million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.14 248.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.14 248.75 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.03 248.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.47 248.75 Td ($0.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.36 248.75 Td (, respectively) Tj ET Q q 0 0 0 rg BT 336.02 248.75 Td (, for its retirement indemnity obligations. ) Tj ET Q q 0 0 0 rg BT 503.04 248.75 Td (The liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.75 Td (for the Company's retirement indemnity was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.15 236.75 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.04 236.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.48 236.75 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.37 236.75 Td ( at the end of fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.83 236.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.83 236.75 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.27 236.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.27 236.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 224.75 Td (. ) Tj ET Q q 0 0 0 rg BT 101.98 224.75 Td (This liability is recorded in other long-term liabilities on the Company's consolidated balance sheets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 195.75 Td (17. Supplemental Cash Flow Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 175.75 Td (The following table summarizes supplemental cash flow information \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 152.25 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 152.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 152.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 152.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 152.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 152.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 122.25 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 122.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 122.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 122.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 122.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 122.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 92.25 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 92.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 92.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 92.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 92.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 92.25 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 152.25 m 434.5 152.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 152.25 m 498.5 152.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 152.25 m 562.5 152.25 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 53 155.23007812499998 m 90.619140625 155.23007812499998 l s q 0 0 0 rg BT 53.00 156.48 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 74.70 156.48 Td (Y) Tj ET Q q 0 0 0 rg BT 79.59 156.48 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 156.48 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 156.48 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 156.48 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 141.92 Td (Cash paid during the year for:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 141.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 141.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 141.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 126.92 Td (Interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 126.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 126.92 Td (25,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 126.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 126.92 Td (38,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 126.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 126.92 Td (43,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 111.92 Td (Income taxes, net of refunds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 111.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 111.92 Td (18,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 111.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 111.92 Td (28,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 111.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 111.92 Td (36,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 96.92 Td (Supplemental disclosures of non-cash investing and financing activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 96.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 96.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 96.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 81.92 Td (Additions to property) Tj ET Q q 0 0 0 rg BT 144.78 81.92 Td (, plant and equipment included in accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 81.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 81.92 Td (2,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 81.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 81.92 Td (3,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 81.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 81.92 Td (2,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 66.92 Td (Additions to property) Tj ET Q q 0 0 0 rg BT 144.45 66.92 Td (, plant and equipment acquired under finance leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 66.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 66.92 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 66.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 66.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 66.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 66.92 Td () Tj ET Q BT /F1 10.00 Tf ET endstream endobj 171 0 obj <>] /Rotate 0 /Contents 172 0 R>> endobj 172 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (82) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (18. Supplemental Disclosur) Tj ET Q q 0 0 0 rg BT 165.72 713.25 Td (e for) Tj ET Q q 0 0 0 rg BT 185.25 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 187.20 713.25 Td (Accumulated Other) Tj ET Q q 0 0 0 rg BT 271.72 713.25 Td ( Compr) Tj ET Q q 0 0 0 rg BT 304.59 713.25 Td (ehensive Income \(Loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 692.25 Td (The following table illustrates changes in the balances of each component of accumulated other comprehensive income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.25 Td (\(loss\), net of taxes \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 613.75 223.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.00 613.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 613.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 613.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 613.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 613.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 613.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 613.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 573.75 223.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.00 573.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 573.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 573.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 573.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 573.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 573.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 573.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 533.75 223.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.00 533.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 533.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 533.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 533.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 533.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 533.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 533.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 503.75 223.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.00 503.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 503.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 503.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 503.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 503.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 503.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 503.75 51.00 -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 273 655.75 m 324 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 655.75 m 328 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 655.75 m 399 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 655.75 m 403 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 655.75 m 454 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 655.75 m 458 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 655.75 m 509 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 655.75 m 399 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 642.75 m 399 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 613.75 m 324 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 598.75 m 324 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 613.75 m 399 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 598.75 m 399 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 613.75 m 454 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 598.75 m 454 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 613.75 m 509 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 598.75 m 509 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 598.75 m 509 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 518.75 m 324 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 503.75 m 324 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 518.75 m 399 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 503.75 m 399 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 518.75 m 454 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 503.75 m 454 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 518.75 m 509 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 503.75 m 509 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 503.75 m 324 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 489.75 m 324 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 487.75 m 324 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 503.75 m 399 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 489.75 m 399 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 487.75 m 399 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 503.75 m 454 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 489.75 m 454 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 487.75 m 454 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 489.75 m 509 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 487.75 m 509 487.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 660.43 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.25 659.98 Td (December) Tj ET Q q 0 0 0 rg BT 392.82 659.98 Td ( 28, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 646.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 275.50 646.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.40 646.98 Td (Cash Flow Hedges) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 617.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.60 633.98 Td (Curr) Tj ET Q q 0 0 0 rg BT 298.78 633.98 Td (ency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.25 625.98 Td (T) Tj ET Q q 0 0 0 rg BT 282.99 625.98 Td (ranslation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.20 617.98 Td (Adjustments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.85 625.98 Td (Forward) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.10 617.98 Td (Contracts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.65 625.98 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.20 617.98 Td (Plan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.25 617.98 Td (T) Tj ET Q q 0 0 0 rg BT 478.85 617.98 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 603.42 Td (Beginning balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 603.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.30 603.47 Td (\(74,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 603.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.50 603.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 603.42 Td (8,582) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.50 603.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 603.42 Td (1,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 603.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.30 603.47 Td (\(64,691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.15 603.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 588.42 Td (Other comprehensive income \(loss\) before) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 578.42 Td (reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.30 578.47 Td (\(5,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 578.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 578.42 Td (6,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 578.47 Td (\(5,165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 578.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.30 578.47 Td (\(4,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.15 578.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 563.42 Td (T) Tj ET Q q 0 0 0 rg BT 64.26 563.42 Td (ax \(expense\) benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.15 563.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.80 563.47 Td (\(450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 563.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 563.42 Td (446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.80 563.47 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.15 563.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 548.42 Td (Amounts reclassed from accumulated other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 538.42 Td (comprehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.15 538.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.65 538.42 Td (12,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 538.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 538.42 Td (12,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 523.42 Td (T) Tj ET Q q 0 0 0 rg BT 63.91 523.42 Td (ax \(expense\) benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.15 523.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.30 523.47 Td (\(1,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 523.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 523.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.30 523.47 Td (\(1,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.15 523.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 508.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 508.42 Td (otal other comprehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.30 508.47 Td (\(5,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 508.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.30 508.47 Td (\(5,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 508.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 508.47 Td (\(4,719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 508.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.30 508.47 Td (\(15,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.15 508.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 493.42 Td (Ending balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 493.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.30 493.47 Td (\(80,474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 493.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.50 493.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 493.42 Td (2,983) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.50 493.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 493.47 Td (\(3,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 493.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 493.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.30 493.47 Td (\(80,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.15 493.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 414.75 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.00 414.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 414.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 414.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 414.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 414.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 414.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 414.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 374.75 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.00 374.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 374.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 374.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 374.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 374.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 374.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 374.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 334.75 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.00 334.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 334.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 334.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 334.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 334.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 334.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 334.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 304.75 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.00 304.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 304.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 304.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 304.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 304.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 304.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 304.75 54.00 -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 276 456.75 m 330 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 456.75 m 334 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 456.75 m 408 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 456.75 m 412 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 456.75 m 466 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 456.75 m 470 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 456.75 m 524 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 456.75 m 408 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 443.75 m 408 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 456.75 m 466 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 443.75 m 408 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 414.75 m 408 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 414.75 m 466 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 414.75 m 330 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 399.75 m 330 399.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 414.75 m 408 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 399.75 m 408 399.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 414.75 m 466 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 399.75 m 466 399.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 414.75 m 524 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 399.75 m 524 399.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 399.75 m 524 399.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 319.75 m 524 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 319.75 m 330 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 304.75 m 330 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 319.75 m 408 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 304.75 m 408 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 319.75 m 466 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 304.75 m 466 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 319.75 m 524 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 304.75 m 524 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 304.75 m 330 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 289.75 m 330 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 304.75 m 408 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 289.75 m 408 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 304.75 m 466 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 289.75 m 466 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 304.75 m 524 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 289.75 m 524 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 289.75 m 330 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 275.75 m 330 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 273.75 m 330 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 289.75 m 408 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 275.75 m 408 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 273.75 m 408 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 289.75 m 466 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 275.75 m 466 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 273.75 m 466 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 275.75 m 524 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 273.75 m 524 273.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.25 460.98 Td (December) Tj ET Q q 0 0 0 rg BT 401.82 460.98 Td ( 29, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.90 447.98 Td (Cash Flow Hedges) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.10 434.98 Td (Curr) Tj ET Q q 0 0 0 rg BT 303.28 434.98 Td (ency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.75 426.98 Td (T) Tj ET Q q 0 0 0 rg BT 287.49 426.98 Td (ranslation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 280.70 418.98 Td (Adjustments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.35 426.98 Td (Forward) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.60 418.98 Td (Contracts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.15 426.98 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.70 418.98 Td (Plan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.75 418.98 Td (T) Tj ET Q q 0 0 0 rg BT 492.35 418.98 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 404.42 Td (Beginning balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.50 404.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.30 404.47 Td (\(64,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 404.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.50 404.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.30 404.47 Td (\(10,098) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 404.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.50 404.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.30 404.47 Td (\(1,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 404.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 404.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.30 404.47 Td (\(76,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 404.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 389.42 Td (Other comprehensive income \(loss\) before) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 379.42 Td (reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.30 379.47 Td (\(10,369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 379.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 379.42 Td (18,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 379.42 Td (3,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 379.42 Td (1) Tj ET Q q 0 0 0 rg BT 497.65 379.42 Td (1,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 364.42 Td (T) Tj ET Q q 0 0 0 rg BT 64.26 364.42 Td (ax \(expense\) benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.15 364.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.15 364.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.80 364.47 Td (\(490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 364.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.80 364.47 Td (\(490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 364.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 349.42 Td (Amounts reclassed from accumulated other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 339.42 Td (comprehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.15 339.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.30 339.47 Td (\(4,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 339.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 339.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.30 339.47 Td (\(4,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 339.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 324.42 Td (T) Tj ET Q q 0 0 0 rg BT 63.91 324.42 Td (ax \(expense\) benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.15 324.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 324.42 Td (1,654) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 324.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 324.42 Td (1,654) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 309.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 309.42 Td (otal other comprehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.30 309.47 Td (\(10,369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 309.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 309.42 Td (20,673) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 309.42 Td (3,267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 309.42 Td (13,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 294.42 Td (Adoption of ) Tj ET Q q 0 0 0 rg BT 103.33 294.42 Td (ASU 2018-02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.15 294.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.30 294.47 Td (\(1,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 294.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 294.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.30 294.47 Td (\(1,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 294.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 279.42 Td (Ending balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.50 279.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.30 279.47 Td (\(74,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 279.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.50 279.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 279.42 Td (8,582) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.50 279.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 279.42 Td (1,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 279.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.30 279.47 Td (\(64,691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 279.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 200.75 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.00 200.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 200.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 200.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 200.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 200.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 200.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 200.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 200.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 200.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 162.75 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.00 162.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 162.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 162.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 162.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 162.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 162.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 162.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 162.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 162.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 125.75 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.00 125.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 125.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 125.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 125.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 125.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 125.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 125.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 125.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 125.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 95.75 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.00 95.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 95.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 95.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 95.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 95.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 95.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 95.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 95.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 95.75 49.00 -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 274 242.75 m 330 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 242.75 m 334 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 242.75 m 383 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 242.75 m 387 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 242.75 m 445 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 242.75 m 449 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 242.75 m 498 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 242.75 m 502 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 242.75 m 551 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 242.75 m 383 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 229.75 m 383 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 242.75 m 387 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 229.75 m 387 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 242.75 m 445 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 229.75 m 445 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 242.75 m 498 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 229.75 m 383 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 200.75 m 383 200.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 229.75 m 445 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 200.75 m 445 200.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 200.75 m 498 200.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 200.75 m 330 200.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 185.75 m 330 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 200.75 m 383 200.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 185.75 m 383 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 200.75 m 445 200.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 185.75 m 445 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 200.75 m 498 200.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 185.75 m 498 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 200.75 m 551 200.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 185.75 m 551 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 185.75 m 551 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 110.75 m 551 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 110.75 m 330 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 95.75 m 330 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 110.75 m 383 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 95.75 m 383 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 110.75 m 445 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 95.75 m 445 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 110.75 m 498 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 95.75 m 498 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 110.75 m 551 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 95.75 m 551 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 95.75 m 330 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 81.75 m 330 81.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 79.75 m 330 79.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 95.75 m 383 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 81.75 m 383 81.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 79.75 m 383 79.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 95.75 m 445 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 81.75 m 445 81.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 79.75 m 445 79.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 95.75 m 498 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 81.75 m 498 81.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 79.75 m 498 79.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 81.75 m 551 81.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 79.75 m 551 79.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 246.48 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.75 246.98 Td (December) Tj ET Q q 0 0 0 rg BT 414.32 246.98 Td ( 30, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.40 233.98 Td (Cash Flow Hedges) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.10 220.98 Td (Curr) Tj ET Q q 0 0 0 rg BT 302.28 220.98 Td (ency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.75 212.98 Td (T) Tj ET Q q 0 0 0 rg BT 286.49 212.98 Td (ranslation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.70 204.98 Td (Adjustments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.85 212.98 Td (Forward) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.10 204.98 Td (Contracts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.20 212.98 Td (Inter) Tj ET Q q 0 0 0 rg BT 419.38 212.98 Td (est) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.60 204.98 Td (Rate Swaps) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.65 212.98 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.20 204.98 Td (Plan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.25 204.98 Td (T) Tj ET Q q 0 0 0 rg BT 521.85 204.98 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 190.42 Td (Beginning balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.50 190.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.30 190.47 Td (\(101,867) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 190.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.50 190.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 190.42 Td (10,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 190.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.80 190.47 Td (\(343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 190.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.50 190.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 190.47 Td (\(3,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 190.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 190.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.30 190.47 Td (\(95,424) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 190.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 176.32 Td (Other comprehensive income \(loss\) before) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 166.32 Td (reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 167.42 Td (37,368) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.30 167.47 Td (\(34,873) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 167.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 167.42 Td (437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 167.42 Td (2,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 167.42 Td (5,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 152.42 Td (T) Tj ET Q q 0 0 0 rg BT 64.26 152.42 Td (ax \(expense\) benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.15 152.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 152.42 Td (9,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.80 152.47 Td (\(159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 152.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 152.47 Td (\(442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 152.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 152.42 Td (9,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 138.32 Td (Amounts reclassed from accumulated other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 128.37 Td (comprehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.15 130.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.30 130.47 Td (\(1,076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 130.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.80 130.47 Td (\(214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 130.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 130.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.30 130.47 Td (\(1,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 130.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 115.42 Td (T) Tj ET Q q 0 0 0 rg BT 63.91 115.42 Td (ax \(expense\) benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.15 115.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.30 115.47 Td (\(3,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 115.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 115.42 Td (149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 115.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.30 115.47 Td (\(3,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 115.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 100.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 100.42 Td (otal other comprehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 100.42 Td (37,368) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.30 100.47 Td (\(20,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 100.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 100.42 Td (343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 100.42 Td (2,235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 100.42 Td (19,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 85.42 Td (Ending balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.50 85.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.30 85.47 Td (\(64,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 85.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.50 85.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.30 85.47 Td (\(10,098) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 85.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 85.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 85.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.50 85.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 85.47 Td (\(1,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 85.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 85.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.30 85.47 Td (\(76,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 85.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 173 0 obj <>] /Rotate 0 /Contents 174 0 R>> endobj 174 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (83) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (19. Major) Tj ET Q q 0 0 0 rg BT 91.53 713.25 Td ( Customer) Tj ET Q q 0 0 0 rg BT 135.32 713.25 Td (, Segment and Geographic Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 692.25 Td (Major) Tj ET Q q 0 0 0 rg BT 76.53 692.25 Td ( Customer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 671.25 Td (Wholesale customers of the Company consist principally of major department stores and specialty retail stores located ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.25 Td (throughout the world. No individual customer accounts for 10% or more of the Company's net sales.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (Segment Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 617.25 Td (The Company reports segment information based on the "management approach". ) Tj ET Q q 0 0 0 rg BT 402.94 617.25 Td (The management approach designates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.25 Td (the internal reporting used by management for making decisions and assessing performance as the source of the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.25 Td (reportable segments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 572.25 Td (The Company manages its business primarily on a geographic basis. ) Tj ET Q q 0 0 0 rg BT 348.15 572.25 Td (The Company's reportable operating segments are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.25 Td (comprised of \(i\) ) Tj ET Q q 0 0 0 rg BT 115.87 560.25 Td (Americas, \(ii\) Europe and \(iii\) ) Tj ET Q q 0 0 0 rg BT 239.16 560.25 Td (Asia. Each reportable operating segment includes sales to wholesale and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.25 Td (distributor customers, and sales through Company-owned retail stores and e-commerce activities based on the location of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.25 Td (selling entity) Tj ET Q q 0 0 0 rg BT 100.79 536.25 Td (. ) Tj ET Q q 0 0 0 rg BT 105.61 536.25 Td (The ) Tj ET Q q 0 0 0 rg BT 123.10 536.25 Td (Americas segment primarily includes sales to customers based in Canada, Latin ) Tj ET Q q 0 0 0 rg BT 444.13 536.25 Td (America and the United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.25 Td (States. ) Tj ET Q q 0 0 0 rg BT 78.21 524.25 Td (The Europe segment primarily includes sales to customers based in European countries, the Middle East and ) Tj ET Q q 0 0 0 rg BT 514.48 524.25 Td (Africa. ) Tj ET Q q 0 0 0 rg BT 544.84 524.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.25 Td (Asia segment primarily includes sales to customers based in ) Tj ET Q q 0 0 0 rg BT 291.95 512.25 Td (Australia, China \(including Hong Kong, Macau and ) Tj ET Q q 0 0 0 rg BT 502.00 512.25 Td (T) Tj ET Q q 0 0 0 rg BT 507.42 512.25 Td (aiwan\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea and ) Tj ET Q q 0 0 0 rg BT 362.00 500.25 Td (Thailand. Each reportable operating segment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.25 Td (provides similar products and services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 467.25 Td (The Company evaluates the performance of its reportable segments based on net sales and operating income \(loss\). Net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.25 Td (sales for geographic segments are based on the location of the selling entity) Tj ET Q q 0 0 0 rg BT 350.98 455.25 Td (. Operating income \(loss\) for each segment includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.25 Td (net sales to third parties, related cost of sales and operating expenses directly attributable to the segment. Corporate includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 431.25 Td (peripheral revenue generating activities from factories and intellectual property and general corporate expenses, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.25 Td (certain administrative, legal, accounting, technology support costs, equity compensation costs, payroll costs attributable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.25 Td (executive management, brand management, product development, art, creative/product design, marketing, strategy) Tj ET Q q 0 0 0 rg BT 508.12 407.25 Td (, compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.25 Td (and back of) Tj ET Q q 0 0 0 rg BT 95.96 395.25 Td (fice supply chain expenses that are not allocated to the various segments because they are managed at the corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.25 Td (level internally) Tj ET Q q 0 0 0 rg BT 109.10 383.25 Td (. ) Tj ET Q q 0 0 0 rg BT 113.92 383.25 Td (The Company does not include intercompany transfers between segments for management reporting purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 362.25 Td (Summary information by operating segment was as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 308.75 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 308.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 308.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 308.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 308.75 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 308.75 50.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 293.75 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 278.75 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 278.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 278.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 278.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 278.75 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 278.75 50.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 263.75 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 248.75 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 248.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 248.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 248.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 248.75 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 248.75 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 337.75 m 347 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 337.75 m 351 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 337.75 m 397 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 337.75 m 401 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 337.75 m 457 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 337.75 m 461 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 337.75 m 508 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 337.75 m 512 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 337.75 m 562 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 308.75 m 347 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 337.75 m 397 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 308.75 m 397 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 337.75 m 457 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 308.75 m 457 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 337.75 m 508 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 308.75 m 508 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 337.75 m 562 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 308.75 m 562 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 308.75 m 347 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 308.75 m 397 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 308.75 m 457 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 308.75 m 508 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 308.75 m 562 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 248.75 m 347 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 248.75 m 397 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 248.75 m 457 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 248.75 m 508 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 248.75 m 562 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 248.75 m 347 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 234.75 m 347 234.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 232.75 m 347 232.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 248.75 m 397 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 234.75 m 397 234.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 232.75 m 397 232.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 248.75 m 457 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 234.75 m 457 234.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 232.75 m 457 232.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 248.75 m 508 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 234.75 m 508 234.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 232.75 m 508 232.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 248.75 m 562 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 234.75 m 562 234.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 232.75 m 562 232.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.70 341.98 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 421.55 341.98 Td (Y) Tj ET Q q 0 0 0 rg BT 426.73 341.98 Td (ear) Tj ET Q q 0 0 0 rg BT 437.32 341.98 Td ( 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.30 312.98 Td (Net Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.90 328.98 Td (Operating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.80 320.98 Td (Income ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.05 312.98 Td (\(Loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.55 328.98 Td (Depr) Tj ET Q q 0 0 0 rg BT 423.73 328.98 Td (eciation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.05 320.98 Td (and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.60 312.98 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.55 320.98 Td (Long-term) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.30 312.98 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.30 312.98 Td (T) Tj ET Q q 0 0 0 rg BT 520.90 312.98 Td (otal ) Tj ET Q q 0 0 0 rg BT 535.35 312.98 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 298.42 Td (Americas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.50 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.60 298.42 Td (949,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (84) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 677.50 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 677.50 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 677.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 677.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 677.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 677.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 677.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 677.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 677.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 677.50 50.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 662.50 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 647.50 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 647.50 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 647.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 647.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 647.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 647.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 647.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 647.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 647.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 647.50 50.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 632.50 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 617.50 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 617.50 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 617.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 617.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 617.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 617.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 617.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 617.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 617.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 617.50 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 706.5 m 347 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 706.5 m 351 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 706.5 m 397 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 706.5 m 401 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 706.5 m 457 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 706.5 m 461 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 706.5 m 508 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 706.5 m 512 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 706.5 m 562 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 677.5 m 347 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 706.5 m 397 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 677.5 m 397 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 706.5 m 457 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 677.5 m 457 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 706.5 m 508 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 677.5 m 508 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 706.5 m 562 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 677.5 m 562 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 677.5 m 347 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 677.5 m 397 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 677.5 m 457 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 677.5 m 508 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 677.5 m 562 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 617.5 m 347 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 617.5 m 397 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 617.5 m 457 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 617.5 m 508 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 617.5 m 562 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 617.5 m 347 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 603.5 m 347 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 601.5 m 347 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 617.5 m 397 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 603.5 m 397 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 601.5 m 397 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 617.5 m 457 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 603.5 m 457 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 601.5 m 457 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 617.5 m 508 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 603.5 m 508 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 601.5 m 508 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 617.5 m 562 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 603.5 m 562 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 601.5 m 562 601.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.70 710.73 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 421.55 710.73 Td (Y) Tj ET Q q 0 0 0 rg BT 426.73 710.73 Td (ear) Tj ET Q q 0 0 0 rg BT 437.32 710.73 Td ( 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.30 681.73 Td (Net Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.90 689.73 Td (Operating) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.80 681.73 Td (Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.55 697.73 Td (Depr) Tj ET Q q 0 0 0 rg BT 423.73 697.73 Td (eciation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.05 689.73 Td (and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.60 681.73 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.55 689.73 Td (Long-term) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.30 681.73 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.30 681.73 Td (T) Tj ET Q q 0 0 0 rg BT 520.90 681.73 Td (otal ) Tj ET Q q 0 0 0 rg BT 535.35 681.73 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 667.17 Td (Americas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.50 667.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.10 667.17 Td (1,314,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.50 667.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.30 667.22 Td (\(47,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 667.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.50 667.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 667.17 Td (21,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.50 667.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.60 667.17 Td (81,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 667.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.60 667.17 Td (463,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 652.17 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.60 652.17 Td (971,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.60 652.17 Td (32,871) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 652.17 Td (21,368) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.60 652.17 Td (1) Tj ET Q q 0 0 0 rg BT 476.60 652.17 Td (13,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.60 652.17 Td (471,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 637.17 Td (Asia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.60 637.17 Td (496,392) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.30 637.22 Td (\(12,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 637.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 637.17 Td (10,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.60 637.17 Td (33,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.60 637.17 Td (216,660) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 622.17 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.65 622.17 Td (5,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.30 622.22 Td (\(396,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 622.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 622.17 Td (28,197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.60 622.17 Td (139,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.60 622.17 Td (507,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 607.17 Td (Consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.50 607.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.10 607.17 Td (2,788,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.50 607.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.30 607.22 Td (\(424,276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 607.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.50 607.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 607.17 Td (81,577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.50 607.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.60 607.17 Td (367,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 607.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.10 607.17 Td (1,658,372) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 582.00 Td (The following table shows revenue for each class of similar products for fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.39 582.00 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.39 582.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.39 582.00 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.39 582.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.83 582.00 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.83 582.00 Td ( \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 537.50 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.00 537.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.00 537.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 537.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 537.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 537.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 537.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 537.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 537.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 537.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 537.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 537.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 507.50 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.00 507.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.00 507.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 507.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 507.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 507.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 507.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 507.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 507.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 507.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 507.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 507.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 477.50 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.00 477.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.00 477.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 477.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 477.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 477.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 477.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 477.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 477.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 477.50 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 477.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 477.50 52.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230 558.5 m 282 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 558.5 m 286 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286 558.5 m 338 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 558.5 m 394 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 558.5 m 398 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 558.5 m 450 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 558.5 m 506 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 558.5 m 510 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 558.5 m 562 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230 537.5 m 282 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286 558.5 m 338 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286 537.5 m 338 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 537.5 m 394 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 558.5 m 450 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 537.5 m 450 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 537.5 m 506 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 558.5 m 562 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 537.5 m 562 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230 537.5 m 282 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 537.5 m 394 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 537.5 m 450 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 537.5 m 506 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 537.5 m 562 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230 477.5 m 282 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 477.5 m 394 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 477.5 m 506 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230 477.5 m 282 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230 463.5 m 282 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230 461.5 m 282 461.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286 477.5 m 338 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286 463.5 m 338 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286 461.5 m 338 461.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 477.5 m 394 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 463.5 m 394 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 461.5 m 394 461.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 477.5 m 450 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 463.5 m 450 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 461.5 m 450 461.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 477.5 m 506 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 463.5 m 506 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 461.5 m 506 461.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 477.5 m 562 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 463.5 m 562 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 461.5 m 562 461.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.70 562.73 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 277.55 562.73 Td (Y) Tj ET Q q 0 0 0 rg BT 282.73 562.73 Td (ear) Tj ET Q q 0 0 0 rg BT 293.32 562.73 Td ( 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.70 562.73 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 389.55 562.73 Td (Y) Tj ET Q q 0 0 0 rg BT 394.73 562.73 Td (ear) Tj ET Q q 0 0 0 rg BT 405.32 562.73 Td ( 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.70 562.73 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 501.55 562.73 Td (Y) Tj ET Q q 0 0 0 rg BT 506.73 562.73 Td (ear) Tj ET Q q 0 0 0 rg BT 517.32 562.73 Td ( 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.80 541.73 Td (Net Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.65 549.73 Td (Per) Tj ET Q q 0 0 0 rg BT 304.49 549.73 Td (centage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.45 541.73 Td (of ) Tj ET Q q 0 0 0 rg BT 306.97 541.73 Td (T) Tj ET Q q 0 0 0 rg BT 311.57 541.73 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.80 541.73 Td (Net Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.65 549.73 Td (Per) Tj ET Q q 0 0 0 rg BT 416.49 549.73 Td (centage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.45 541.73 Td (of ) Tj ET Q q 0 0 0 rg BT 418.97 541.73 Td (T) Tj ET Q q 0 0 0 rg BT 423.57 541.73 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.80 541.73 Td (Net Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.65 549.73 Td (Per) Tj ET Q q 0 0 0 rg BT 528.49 549.73 Td (centage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.45 541.73 Td (of ) Tj ET Q q 0 0 0 rg BT 530.97 541.73 Td (T) Tj ET Q q 0 0 0 rg BT 535.57 541.73 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 527.17 Td (W) Tj ET Q q 0 0 0 rg BT 61.54 527.17 Td (atches) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.50 527.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.10 527.17 Td (1,802,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 527.17 Td (81.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 527.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 527.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.10 527.17 Td (2,033,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 527.17 Td (80.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 527.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.50 527.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.10 527.17 Td (2,199,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 527.17 Td (78.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 527.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 512.17 Td (Leathers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.60 512.17 Td (238,619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 512.17 Td (10.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.60 512.17 Td (289,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 512.17 Td (1) Tj ET Q q 0 0 0 rg BT 428.65 512.17 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 512.17 Td (325,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 512.17 Td (1) Tj ET Q q 0 0 0 rg BT 540.65 512.17 Td (1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 497.17 Td (Jewelry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.60 497.17 Td (123,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 497.17 Td (5.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.60 497.17 Td (167,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 497.17 Td (6.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 497.17 Td (21) Tj ET Q q 0 0 0 rg BT 479.60 497.17 Td (1,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 497.17 Td (7.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 482.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.65 482.17 Td (53,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 482.17 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 482.17 Td (51,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 482.17 Td (2.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 482.17 Td (51,936) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 482.17 Td (1.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 467.17 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 467.17 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.50 467.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.10 467.17 Td (2,217,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 467.17 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 467.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.50 467.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.10 467.17 Td (2,541,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 467.17 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 467.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.50 467.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.10 467.17 Td (2,788,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 467.17 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 467.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 442.00 Td (Geographic Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 421.00 Td (Net sales and long-lived assets related to the Company's operations in the U.S., Europe, ) Tj ET Q q 0 0 0 rg BT 425.79 421.00 Td (Asia and all other international ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 409.00 Td (markets were as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 364.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 364.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 364.50 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 364.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 334.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 334.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 334.50 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 334.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 304.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 304.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 304.50 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 304.50 65.00 -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 414 385.5 m 479 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 385.5 m 497 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 385.5 m 562 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 364.5 m 479 364.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 385.5 m 562 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 364.5 m 562 364.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 364.5 m 479 364.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 364.5 m 562 364.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 304.5 m 479 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 304.5 m 562 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 304.5 m 479 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 290.5 m 479 290.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 288.5 m 479 288.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 304.5 m 562 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 290.5 m 562 290.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 288.5 m 562 288.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.70 389.73 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 481.40 389.73 Td (Y) Tj ET Q q 0 0 0 rg BT 486.29 389.73 Td (ear) Tj ET Q q 0 0 0 rg BT 497.25 389.73 Td ( 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.30 368.73 Td (Net Sales ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 459.63 372.36 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.55 376.73 Td (Long-term) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 368.73 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 354.17 Td (United States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.50 354.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 354.17 Td (819,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 354.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 354.17 Td (239,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 339.17 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 339.17 Td (718,216) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 481.50 344.33 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 339.17 Td (184,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 324.17 Td (Asia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 324.17 Td (537,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 324.17 Td (99,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 309.17 Td (All other international) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 309.17 Td (142,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 309.17 Td (22,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 294.17 Td (Consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.50 294.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 294.17 Td (2,217,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 294.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 294.17 Td (545,274) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 236.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 236.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 236.50 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 236.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 206.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 206.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 206.50 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 206.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 176.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 176.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 176.50 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 176.50 65.00 -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 414 257.5 m 479 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 257.5 m 497 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 257.5 m 562 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 236.5 m 479 236.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 257.5 m 562 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 236.5 m 562 236.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 236.5 m 479 236.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 236.5 m 562 236.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 176.5 m 479 176.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 176.5 m 562 176.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 176.5 m 479 176.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 162.5 m 479 162.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 160.5 m 479 160.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 176.5 m 562 176.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 162.5 m 562 162.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 160.5 m 562 160.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.70 261.73 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 481.40 261.73 Td (Y) Tj ET Q q 0 0 0 rg BT 486.29 261.73 Td (ear) Tj ET Q q 0 0 0 rg BT 497.25 261.73 Td ( 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.30 240.73 Td (Net Sales ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 459.63 244.36 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.55 248.73 Td (Long-term) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 240.73 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 226.17 Td (United States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.50 226.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 226.17 Td (1,017,919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 226.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 226.17 Td (159,062) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 211.17 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 211.17 Td (857,972) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 481.50 216.33 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 211.17 Td (1) Tj ET Q q 0 0 0 rg BT 530.65 211.17 Td (1) Tj ET Q q 0 0 0 rg BT 535.65 211.17 Td (1,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 196.17 Td (Asia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 196.17 Td (507,523) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 196.17 Td (36,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 181.17 Td (All other international) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 181.17 Td (158,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 181.17 Td (8,658) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 166.17 Td (Consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.50 166.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 166.17 Td (2,541,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 166.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 166.17 Td (316,629) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 177 0 obj <>] /Rotate 0 /Contents 178 0 R>> endobj 178 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (85) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 685.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 685.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 685.50 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 685.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 655.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 655.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 655.50 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 655.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 625.50 364.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 625.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 625.50 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 625.50 65.00 -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 414 706.5 m 479 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 706.5 m 497 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 706.5 m 562 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 685.5 m 479 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 706.5 m 562 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 685.5 m 562 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 685.5 m 479 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 685.5 m 562 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 625.5 m 479 625.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 625.5 m 562 625.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 625.5 m 479 625.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 611.5 m 479 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 609.5 m 479 609.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 625.5 m 562 625.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 611.5 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 497 609.5 m 562 609.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.70 710.73 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 481.40 710.73 Td (Y) Tj ET Q q 0 0 0 rg BT 486.29 710.73 Td (ear) Tj ET Q q 0 0 0 rg BT 497.25 710.73 Td ( 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.30 689.73 Td (Net Sales ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 459.63 693.36 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.55 697.73 Td (Long-term) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 689.73 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 675.17 Td (United States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.50 675.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 675.17 Td (1,157,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 675.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 675.17 Td (189,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 660.17 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 660.17 Td (974,198) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 481.50 665.33 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 660.17 Td (127,344) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 645.17 Td (Asia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 645.17 Td (497,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 645.17 Td (40,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 630.17 Td (All other international) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 630.17 Td (158,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 630.17 Td (9,957) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 615.17 Td (Consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.50 615.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 615.17 Td (2,788,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 615.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 615.17 Td (367,384) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 592.40 Td (_______________________________________________________________________________) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 575.93 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 571.40 Td (Net sales are based on the location of the selling entity \(including exports\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 563.93 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 559.40 Td (Net sales from Germany \(including exports\) accounted for more than 10% of the Company's consolidated net sales and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 547.40 Td (were approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.69 547.40 Td ($310.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.58 547.40 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.58 547.40 Td ($359.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.47 547.40 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.91 547.40 Td ($406.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.80 547.40 Td ( in fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.33 547.40 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.33 547.40 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.33 547.40 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.33 547.40 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.77 547.40 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.77 547.40 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 535.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 133.16 535.40 Td (.) Tj ET Q endstream endobj 179 0 obj <>] /Rotate 0 /Contents 180 0 R>> endobj 180 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (86) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (20. Restructuring) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 692.25 Td (The Company implemented a multi-year restructuring program that began in fiscal year 2016 called New ) Tj ET Q q 0 0 0 rg BT 495.29 692.25 Td (W) Tj ET Q q 0 0 0 rg BT 503.92 692.25 Td (orld Fossil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.25 Td (\("NWF 1.0"\) and concluded in the third quarter of fiscal 2019. ) Tj ET Q q 0 0 0 rg BT 301.21 680.25 Td (As part of NWF 1.0, the Company worked to improve operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.25 Td (profit and support sales growth through a leaner infrastructure and an enhanced business model. Restructuring costs under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.25 Td (program included store impairment, lease exit obligations and termination fees and accelerated depreciation. ) Tj ET Q q 0 0 0 rg BT 485.54 656.25 Td (T) Tj ET Q q 0 0 0 rg BT 490.95 656.25 Td (otal restructuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.25 Td (char) Tj ET Q q 0 0 0 rg BT 66.53 644.25 Td (ges under NWF 1.0 since inception in fiscal year 2016 are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.45 644.25 Td ($133.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.34 644.25 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.11 644.25 Td ($10.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 644.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.00 644.25 Td ($46.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.90 644.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.33 644.25 Td ($48.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 632.25 Td ( were recorded during fiscal years 2019, 2018 and 2017, respectively) Tj ET Q q 0 0 0 rg BT 353.76 632.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 608.25 Td (The following tables show a rollforward of the accrued liability related to the Company) Tj ET Q q 0 0 0 rg BT 424.95 608.25 Td (s NWF 1.0 restructuring plan \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.25 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 57.50 537.75 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.50 537.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 537.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 537.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 537.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 537.75 62.00 -15.00 re f /GS0 gs 0.8 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468.75 m 407.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 466.75 m 407.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 482.75 m 473.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 468.75 m 473.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 466.75 m 473.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 482.75 m 553.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 468.75 m 553.5 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 466.75 m 553.5 466.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.20 571.98 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 370.05 571.98 Td (Y) Tj ET Q q 0 0 0 rg BT 375.23 571.98 Td (ear) Tj ET Q q 0 0 0 rg BT 385.82 571.98 Td ( 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.85 556.98 Td (Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.65 541.98 Td (Cash Payments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.40 541.98 Td (Non-cash Items) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.85 556.98 Td (Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 204.75 541.98 Td (December) Tj ET Q q 0 0 0 rg BT 239.32 541.98 Td ( 29, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.75 541.98 Td (Charges) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.75 541.98 Td (December) Tj ET Q q 0 0 0 rg BT 517.25 541.98 Td ( 28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 527.42 Td (Store closures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.00 527.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.15 527.42 Td (2,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 527.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.15 527.42 Td (2,971) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 527.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 527.42 Td (1,673) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 527.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 527.42 Td (2,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 527.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 527.42 Td (1,863) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 512.42 Td (Professional services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.15 512.42 Td (2,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.65 512.42 Td (485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 512.42 Td (1,368) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 512.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 512.42 Td (1,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 497.42 Td (Severance and employee-related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 487.42 Td (benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.15 487.42 Td (3,01) Tj ET Q q 0 0 0 rg BT 266.65 487.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.15 487.42 Td (7,349) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 487.42 Td (7,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 487.42 Td (2,368) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 487.42 Td (532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 472.42 Td (T) Tj ET Q q 0 0 0 rg BT 65.41 472.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.00 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.15 472.42 Td (8,027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.15 472.42 Td (10,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 472.42 Td (10,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 472.42 Td (4,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 472.42 Td (3,710) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 57.50 403.75 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.50 403.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 403.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 403.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 403.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 403.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 403.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 403.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 403.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 403.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 57.50 373.75 142.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.50 373.75 76.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 373.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 373.75 62.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 373.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 373.75 62.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 373.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 373.75 62.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 373.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 373.75 76.00 -22.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.5 433.75 m 275.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 433.75 m 279.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 433.75 m 341.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 433.75 m 345.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 433.75 m 407.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 433.75 m 411.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 433.75 m 473.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 433.75 m 477.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 433.75 m 553.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.5 433.75 m 275.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 433.75 m 279.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 433.75 m 341.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 433.75 m 345.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 433.75 m 407.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 433.75 m 411.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 433.75 m 473.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 433.75 m 477.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 433.75 m 553.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.5 403.75 m 275.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 403.75 m 341.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 403.75 m 407.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 403.75 m 473.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 403.75 m 553.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.5 403.75 m 275.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 403.75 m 341.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 403.75 m 407.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 403.75 m 473.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 403.75 m 553.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.5 351.75 m 275.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.5 337.75 m 275.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.5 335.75 m 275.5 335.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 351.75 m 341.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 337.75 m 341.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 335.75 m 341.5 335.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 351.75 m 407.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 337.75 m 407.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 335.75 m 407.5 335.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 351.75 m 473.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 337.75 m 473.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 335.75 m 473.5 335.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 351.75 m 553.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 337.75 m 553.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 335.75 m 553.5 335.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.20 437.98 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 370.05 437.98 Td (Y) Tj ET Q q 0 0 0 rg BT 375.23 437.98 Td (ear) Tj ET Q q 0 0 0 rg BT 385.82 437.98 Td ( 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.85 422.98 Td (Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.65 407.98 Td (Cash Payments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.40 407.98 Td (Non-cash Items) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.85 422.98 Td (Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 204.75 407.98 Td (December) Tj ET Q q 0 0 0 rg BT 239.32 407.98 Td ( 30, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.75 407.98 Td (Charges) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.75 407.98 Td (December) Tj ET Q q 0 0 0 rg BT 517.25 407.98 Td ( 29, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 393.42 Td (Store closures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.00 393.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.15 393.42 Td (2,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 393.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.15 393.42 Td (14,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 393.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 393.42 Td (14,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 393.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 393.42 Td (920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 393.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 393.42 Td (2,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 378.42 Td (Professional services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.65 378.42 Td (185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.15 378.42 Td (12,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 378.42 Td (10,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 378.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 378.42 Td (2,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 364.32 Td (Severance and employee-related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 354.37 Td (benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.15 356.42 Td (1,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.15 356.42 Td (19,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 356.42 Td (12,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 356.42 Td (5,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 356.42 Td (3,01) Tj ET Q q 0 0 0 rg BT 544.65 356.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 341.42 Td (T) Tj ET Q q 0 0 0 rg BT 65.41 341.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.00 341.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.15 341.42 Td (4,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 341.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.15 341.42 Td (46,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 341.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 341.42 Td (36,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 341.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 341.42 Td (6,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 341.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 341.42 Td (8,027) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 58.00 266.75 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.00 266.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 266.75 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.00 266.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 266.75 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 266.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 266.75 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 266.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 266.75 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 266.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.00 236.75 142.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.00 236.75 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 236.75 7.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.00 236.75 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 236.75 7.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 236.75 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 236.75 8.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 236.75 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 236.75 7.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 236.75 76.00 -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 200 302.75 m 262 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 302.75 m 269 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 302.75 m 331 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 302.75 m 338 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 302.75 m 400 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 302.75 m 408 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 302.75 m 470 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 302.75 m 477 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 302.75 m 553 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 302.75 m 400 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 302.75 m 470 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 266.75 m 262 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 266.75 m 331 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 266.75 m 400 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 266.75 m 470 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 266.75 m 553 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 266.75 m 262 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 266.75 m 331 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 266.75 m 400 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 266.75 m 470 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 266.75 m 553 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 211.75 m 262 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 197.75 m 262 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 195.75 m 262 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 211.75 m 331 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 197.75 m 331 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 195.75 m 331 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 211.75 m 400 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 197.75 m 400 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 195.75 m 400 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 211.75 m 470 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 197.75 m 470 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 195.75 m 470 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 211.75 m 553 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 197.75 m 553 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 195.75 m 553 195.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.20 306.98 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 370.05 306.98 Td (Y) Tj ET Q q 0 0 0 rg BT 375.23 306.98 Td (ear) Tj ET Q q 0 0 0 rg BT 385.82 306.98 Td ( 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.35 291.98 Td (Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.15 270.98 Td (Cash Payments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.90 270.98 Td (Non-cash Items) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.35 291.98 Td (Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 207.25 278.98 Td (December) Tj ET Q q 0 0 0 rg BT 241.82 278.98 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.50 270.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.25 270.98 Td (Charges) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.25 270.98 Td (December) Tj ET Q q 0 0 0 rg BT 516.75 270.98 Td ( 30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.50 256.42 Td (Store closures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.50 256.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.65 256.42 Td (4,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.50 256.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 256.42 Td (13,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.50 256.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 256.42 Td (6,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.50 256.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 256.42 Td (7,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.50 256.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 256.42 Td (2,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.50 241.42 Td (Professional services and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.15 241.42 Td (794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 241.42 Td (3,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 241.42 Td (2,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 241.42 Td (1,498) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 241.42 Td (185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.50 226.42 Td (Severance and employee-related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.50 216.42 Td (benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 216.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 216.42 Td (31,619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 216.42 Td (29,098) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 216.42 Td (1,204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 216.42 Td (1,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.50 201.42 Td (T) Tj ET Q q 0 0 0 rg BT 65.91 201.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.50 201.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.65 201.42 Td (5,340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.50 201.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 201.42 Td (48,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.50 201.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 201.42 Td (38,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.50 201.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 201.42 Td (10,684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.50 201.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 201.42 Td (4,475) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 176.25 Td (NWF 1.0 restructuring char) Tj ET Q q 0 0 0 rg BT 182.34 176.25 Td (ges by operating segment were as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 84.00 150.75 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 150.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 150.75 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 150.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 150.75 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 150.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 84.00 120.75 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 120.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 120.75 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 120.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 120.75 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 120.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 84.00 90.75 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 90.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 90.75 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 90.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 90.75 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 90.75 100.00 -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 209 150.75 m 309 150.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 150.75 m 418 150.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 150.75 m 527 150.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209 90.75 m 309 90.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209 76.75 m 309 76.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209 74.75 m 309 74.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 90.75 m 418 90.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 76.75 m 418 76.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 74.75 m 418 74.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 90.75 m 527 90.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 76.75 m 527 76.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 74.75 m 527 74.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.50 154.98 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.50 154.98 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.50 154.98 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 141.32 Td (Americas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.50 140.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.65 140.42 Td (2,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.50 140.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 140.42 Td (17,197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.50 140.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 140.42 Td (12,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 126.32 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.65 125.42 Td (1,272) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 125.42 Td (10,1) Tj ET Q q 0 0 0 rg BT 404.15 125.42 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 125.42 Td (12,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 111.32 Td (Asia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.15 110.42 Td (793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 110.42 Td (2,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 110.42 Td (9,894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 96.32 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.65 95.42 Td (5,799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 95.42 Td (16,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 95.42 Td (12,707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 81.32 Td (Consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.50 80.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.65 80.42 Td (10,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.50 80.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 80.42 Td (46,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.50 80.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 80.42 Td (48,171) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 181 0 obj <>] /Rotate 0 /Contents 182 0 R>> endobj 182 0 obj <> stream BT /F1 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 /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.70 754.00 Td (FOSSIL) Tj ET Q q 0 0 0 rg BT 291.72 754.00 Td ( GROUP) Tj ET Q q 0 0 0 rg BT 329.41 754.00 Td (,INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 734.00 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 734.00 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 734.00 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 734.00 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 734.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 734.00 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 734.00 Td (TEMENTS \(Continued\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 713.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 121.90 713.10 Td (, during fiscal year 2019, the Company launched a new restructuring program, New ) Tj ET Q q 0 0 0 rg BT 458.84 713.10 Td (W) Tj ET Q q 0 0 0 rg BT 467.48 713.10 Td (orld Fossil 2.0 \(NWF ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (2.0\), which is focused on optimizing the Company) Tj ET Q q 0 0 0 rg BT 259.19 701.10 Td (s operating structure to be more ef) Tj ET Q q 0 0 0 rg BT 396.18 701.10 Td (ficient, with faster decision-making and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (more customer) Tj ET Q q 0 0 0 rg BT 109.00 689.10 Td (-centric focus. In addition to optimizing the way the Company goes to market, the Company is also pursuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (additional gross mar) Tj ET Q q 0 0 0 rg BT 130.97 677.10 Td (gin expansion opportunities. ) Tj ET Q q 0 0 0 rg BT 246.89 677.10 Td (The Company is taking a zero-based budgeting approach to adjust its business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (model to enable more investment in digital capabilities and marketing, move closer to the consumer and react more quickly to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (the ever) Tj ET Q q 0 0 0 rg BT 81.22 653.10 Td (-evolving consumer shopping patterns. ) Tj ET Q q 0 0 0 rg BT 239.07 653.10 Td (The Company estimates total NWF 2.0 char) Tj ET Q q 0 0 0 rg BT 415.24 653.10 Td (ges of up to approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.93 653.10 Td ($130.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 641.10 Td ( will be recorded. NWF 2.0 restructuring char) Tj ET Q q 0 0 0 rg BT 261.20 641.10 Td (ges of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.86 641.10 Td ($18.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.76 641.10 Td ( were recorded during fiscal year 2019. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 617.10 Td (The following tables show a rollforward of the accrued liability related to the Company) Tj ET Q q 0 0 0 rg BT 424.95 617.10 Td (s NWF 2.0 restructuring plan \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 57.50 546.60 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.50 546.60 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 546.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 546.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 546.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 546.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 546.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 546.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 546.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 546.60 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 57.50 516.60 142.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.50 516.60 76.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 516.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 516.60 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 516.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 516.60 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 516.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 516.60 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 516.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 516.60 76.00 -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 199.5 576.6 m 275.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 576.6 m 279.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 576.6 m 341.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 576.6 m 345.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 576.6 m 407.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 576.6 m 411.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 576.6 m 473.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 576.6 m 477.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 576.6 m 553.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.5 576.6 m 275.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 576.6 m 279.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 576.6 m 341.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 576.6 m 345.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 576.6 m 407.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 576.6 m 411.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 576.6 m 473.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 576.6 m 477.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 576.6 m 553.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.5 546.6 m 275.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 546.6 m 341.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 546.6 m 407.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 546.6 m 473.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 546.6 m 553.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.5 546.6 m 275.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 546.6 m 341.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 546.6 m 407.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 546.6 m 473.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 546.6 m 553.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.5 491.6 m 275.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.5 477.6 m 275.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.5 475.6 m 275.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 491.6 m 341.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 477.6 m 341.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 475.6 m 341.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 491.6 m 407.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 477.6 m 407.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 475.6 m 407.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 491.6 m 473.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 477.6 m 473.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 475.6 m 473.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 491.6 m 553.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 477.6 m 553.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 475.6 m 553.5 475.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.25 581.28 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 368.37 581.28 Td (Y) Tj ET Q q 0 0 0 rg BT 374.49 581.28 Td (ear) Tj ET Q q 0 0 0 rg BT 388.18 581.28 Td ( 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.85 565.83 Td (Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.65 550.83 Td (Cash Payments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.40 550.83 Td (Non-cash Items) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.85 565.83 Td (Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 204.75 550.83 Td (December) Tj ET Q q 0 0 0 rg BT 239.32 550.83 Td ( 29, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.75 550.83 Td (Charges) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.75 550.83 Td (December) Tj ET Q q 0 0 0 rg BT 517.25 550.83 Td ( 28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 536.27 Td (Store closures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.00 536.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 536.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 536.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.65 536.27 Td (597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 536.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 536.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 536.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 536.27 Td (575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 536.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 536.27 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 521.27 Td (Professional services and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 521.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.15 521.27 Td (8,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 521.27 Td (5,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 521.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 521.27 Td (2,824) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 506.27 Td (Severance and employee-related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 496.27 Td (benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 496.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.15 496.27 Td (10,195) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 496.27 Td (5,957) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 496.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 496.27 Td (4,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 481.27 Td (T) Tj ET Q q 0 0 0 rg BT 65.41 481.27 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.00 481.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 481.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 481.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.15 481.27 Td (18,831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 481.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 481.27 Td (1) Tj ET Q q 0 0 0 rg BT 381.15 481.27 Td (1,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 481.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 481.27 Td (575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 481.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 481.27 Td (7,084) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 456.10 Td (NWF 2.0 restructuring char) Tj ET Q q 0 0 0 rg BT 182.34 456.10 Td (ges by operating segment were as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 193.00 430.60 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 430.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 193.00 400.60 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 400.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 193.00 370.60 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 370.60 100.00 -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 318 430.6 m 418 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 370.6 m 418 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 356.6 m 418 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 354.6 m 418 354.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.50 434.83 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.50 421.17 Td (Americas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.50 420.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 420.27 Td (2,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.50 406.17 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 405.27 Td (9,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.50 391.17 Td (Asia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 390.27 Td (773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.50 376.17 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 375.27 Td (6,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.50 361.17 Td (Consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.50 360.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 360.27 Td (18,831) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 183 0 obj <>] /Rotate 0 /Contents 184 0 R>> endobj 184 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (88) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item9.Changes in and Disagr) Tj ET Q q 0 0 0 rg BT 186.78 742.25 Td (eements with ) Tj ET Q q 0 0 0 rg BT 244.55 742.25 Td (Accountants on ) Tj ET Q q 0 0 0 rg BT 312.89 742.25 Td (Accounting and Financial Disclosur) Tj ET Q q 0 0 0 rg BT 465.23 742.25 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 721.25 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (Item9A.Contr) Tj ET Q q 0 0 0 rg BT 122.58 700.25 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 165.74 700.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 195.00 700.25 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 679.25 Td (Evaluation of Disclosur) Tj ET Q q 0 0 0 rg BT 149.83 679.25 Td (e Contr) Tj ET Q q 0 0 0 rg BT 182.14 679.25 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 225.30 679.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 254.56 679.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 658.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 658.25 Td (e conducted an evaluation of the ef) Tj ET Q q 0 0 0 rg BT 222.39 658.25 Td (fectiveness of our "disclosure controls and procedures" \("Disclosure Controls"\), as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (defined by Rules13a-15\(e\) and 15d-15\(e\) of the Exchange ) Tj ET Q q 0 0 0 rg BT 287.42 646.25 Td (Act as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.02 646.25 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.60 646.25 Td (, the end of the period covered by this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (Annual Report on Form10-K. ) Tj ET Q q 0 0 0 rg BT 173.70 634.25 Td (The Disclosure Controls evaluation was done under the supervision and with the participation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (management, including our CEO and CFO. ) Tj ET Q q 0 0 0 rg BT 225.90 622.25 Td (There are inherent limitations to the ef) Tj ET Q q 0 0 0 rg BT 379.55 622.25 Td (fectiveness of any system of disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (controls and procedures. ) Tj ET Q q 0 0 0 rg BT 149.97 610.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 199.31 610.25 Td (, even ef) Tj ET Q q 0 0 0 rg BT 233.27 610.25 Td (fective disclosure controls and procedures can only provide reasonable assurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (of achieving their control objectives.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 577.25 Td (Based upon this evaluation, our CEO and CFO have concluded that our Disclosure Controls were ef) Tj ET Q q 0 0 0 rg BT 474.29 577.25 Td (fective at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.25 Td (reasonable assurance level as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.21 565.25 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.80 565.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (Management's Report on Internal Contr) Tj ET Q q 0 0 0 rg BT 223.69 544.25 Td (ol Over) Tj ET Q q 0 0 0 rg BT 255.44 544.25 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 523.25 Td (Management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (in Rules13a-15\(f\) and 15d-15\(f\) under the Exchange ) Tj ET Q q 0 0 0 rg BT 264.93 511.25 Td (Act. ) Tj ET Q q 0 0 0 rg BT 284.19 511.25 Td (The Company's internal control over financial reporting is designed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the consolidated financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (statements for external reporting purposes in accordance with generally accepted accounting principles.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 466.25 Td (Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (Also, projections of any evaluation of the ef) Tj ET Q q 0 0 0 rg BT 225.88 454.25 Td (fectiveness of internal control over financial reporting to future periods are subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (policies or procedures may deteriorate over time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 409.25 Td (Management, including our CEO and our CFO, assessed the ef) Tj ET Q q 0 0 0 rg BT 325.71 409.25 Td (fectiveness of the Company's internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (financial reporting as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.30 397.25 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.88 397.25 Td (. In making this assessment, management used the criteria set forth by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 166.20 385.25 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 239.61 385.25 Td (T) Tj ET Q q 0 0 0 rg BT 245.37 385.25 Td (readway Commission in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 345.08 385.25 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 402.76 385.25 Td (olIntegrated Framework \(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.41 385.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (Based on its assessment and those criteria, management has concluded that the Company maintained ef) Tj ET Q q 0 0 0 rg BT 463.31 373.25 Td (fective internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (over financial reporting as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.56 361.25 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.15 361.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 340.25 Td (Deloitte& ) Tj ET Q q 0 0 0 rg BT 118.81 340.25 Td (T) Tj ET Q q 0 0 0 rg BT 124.22 340.25 Td (oucheLLP) Tj ET Q q 0 0 0 rg BT 167.27 340.25 Td (, the independent registered public accounting firm that audited the Company's consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (financial statements included in this ) Tj ET Q q 0 0 0 rg BT 195.80 328.25 Td (Annual Report on Form10-K, has issued an attestation report on the Company's internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (control over financial reporting, which is included herein.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 295.25 Td (Changes in Internal Contr) Tj ET Q q 0 0 0 rg BT 162.89 295.25 Td (ol over) Tj ET Q q 0 0 0 rg BT 191.86 295.25 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 274.25 Td (There were no changes in our internal control over financial reporting during the quarter ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.35 274.25 Td (December28, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.93 274.25 Td ( that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (materially af) Tj ET Q q 0 0 0 rg BT 100.63 262.25 Td (fected, or are reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 287.58 262.25 Td (fect, our internal control over financial reporting.) Tj ET Q endstream endobj 185 0 obj <>] /Rotate 0 /Contents 186 0 R>> endobj 186 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (89) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (REPOR) Tj ET Q q 0 0 0 rg BT 84.65 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.14 730.10 Td ( OF) Tj ET Q q 0 0 0 rg BT 107.15 730.10 Td ( INDEPENDENT) Tj ET Q q 0 0 0 rg BT 182.26 730.10 Td ( REGISTERED PUBLIC ) Tj ET Q q 0 0 0 rg BT 292.57 730.10 Td (ACCOUNTING FIRM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 706.10 Td (o the stockholders and the Board of Directors of Fossil Group, Inc. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 686.10 Td (Opinion on Internal Contr) Tj ET Q q 0 0 0 rg BT 163.45 686.10 Td (ol over) Tj ET Q q 0 0 0 rg BT 192.43 686.10 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.76 686.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 666.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 666.10 Td (e have audited the internal control over financial reporting of Fossil Group, Inc. and subsidiaries \(the Company\) as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 654.10 Td (December 28, 2019, based on criteria established in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 259.38 654.10 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 317.06 654.10 Td (ol - Integrated Framework \(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.14 654.10 Td ( issued by the Committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 642.10 Td (of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 119.26 642.10 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 192.67 642.10 Td (T) Tj ET Q q 0 0 0 rg BT 198.43 642.10 Td (readway Commission \(COSO\). In our opinion, the Company maintained, in all material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 630.10 Td (respects, ef) Tj ET Q q 0 0 0 rg BT 94.79 630.10 Td (fective internal control over financial reporting as of December 28, 2019, based on criteria established in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 516.30 630.10 Td (Internal ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 618.10 Td (Contr) Tj ET Q q 0 0 0 rg BT 72.97 618.10 Td (ol - Integrated Framework \(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.05 618.10 Td ( issued by COSO. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 598.10 Td (e have also audited, in accordance with the standards of the Public Company ) Tj ET Q q 0 0 0 rg BT 367.44 598.10 Td (Accounting Oversight Board \(United States\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (\(PCAOB\), the consolidated financial statements and financial statement schedule as of and for the year ended December 28, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (2019 of the Company and our report, dated February 27, 2020, expressed an unqualified opinion on those consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (financial statements and financial statement schedule and included an explanatory paragraph regarding the adoption of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Accounting Standards Codification \(ASC\) ) Tj ET Q q 0 0 0 rg BT 222.02 550.10 Td (T) Tj ET Q q 0 0 0 rg BT 227.43 550.10 Td (opic 842, Leases, on December 30, 2018.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 530.10 Td (Basis for) Tj ET Q q 0 0 0 rg BT 87.32 530.10 Td ( Opinion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 510.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 109.71 510.10 Td (s management is responsible for maintaining ef) Tj ET Q q 0 0 0 rg BT 298.93 510.10 Td (fective internal control over financial reporting and for its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.10 Td (assessment of the ef) Tj ET Q q 0 0 0 rg BT 130.07 498.10 Td (fectiveness of internal control over financial reporting, included in the accompanying Management) Tj ET Q q 0 0 0 rg BT 528.82 498.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.10 Td (Report on Internal Control Over Financial Reporting. Our responsibility is to express an opinion on the Company) Tj ET Q q 0 0 0 rg BT 506.88 486.10 Td (s internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.10 Td (control over financial reporting based on our audit. ) Tj ET Q q 0 0 0 rg BT 256.14 474.10 Td (W) Tj ET Q q 0 0 0 rg BT 264.78 474.10 Td (e are a public accounting firm registered with the PCAOB and are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.10 Td (required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.10 Td (rules and regulations of the Securities and Exchange Commission and the PCAOB.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 430.10 Td (e conducted our audit in accordance with the standards of the PCAOB. ) Tj ET Q q 0 0 0 rg BT 344.21 430.10 Td (Those standards require that we plan and perform the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (audit to obtain reasonable assurance about whether ef) Tj ET Q q 0 0 0 rg BT 263.90 418.10 Td (fective internal control over financial reporting was maintained in all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (material respects. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (that a material weakness exists, testing and evaluating the design and operating ef) Tj ET Q q 0 0 0 rg BT 376.66 394.10 Td (fectiveness of internal control based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (assessed risk, and performing such other procedures as we considered necessary in the circumstances. ) Tj ET Q q 0 0 0 rg BT 459.68 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 468.32 382.10 Td (e believe that our audit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (provides a reasonable basis for our opinion. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (Definition and Limitations of Internal Contr) Tj ET Q q 0 0 0 rg BT 239.55 350.10 Td (ol over) Tj ET Q q 0 0 0 rg BT 268.53 350.10 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.86 350.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 330.10 Td ( company) Tj ET Q q 0 0 0 rg BT 98.60 330.10 Td (s internal control over financial reporting is a process designed to provide reasonable assurance regarding the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.10 Td (reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.10 Td (accepted accounting principles. ) Tj ET Q q 0 0 0 rg BT 177.72 306.10 Td (A) Tj ET Q q 0 0 0 rg BT 184.39 306.10 Td ( company) Tj ET Q q 0 0 0 rg BT 226.33 306.10 Td (s internal control over financial reporting includes those policies and procedures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 294.10 Td (that \(1\) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 282.10 Td (dispositions of the assets of the company; \(2\) provide reasonable assurance that transactions are recorded as necessary to permit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.10 Td (preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 258.10 Td (expenditures of the company are being made only in accordance with authorizations of management and directors of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 246.10 Td (company; and \(3\) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 234.10 Td (disposition of the company) Tj ET Q q 0 0 0 rg BT 161.38 234.10 Td (s assets that could have a material ef) Tj ET Q q 0 0 0 rg BT 306.97 234.10 Td (fect on the financial statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 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 518.20 214.10 Td (Also, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (projections of any evaluation of ef) Tj ET Q q 0 0 0 rg BT 187.27 202.10 Td (fectiveness to future periods are subject to the risk that controls may become inadequate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (/s/ Deloitte & ) Tj ET Q q 0 0 0 rg BT 106.76 158.10 Td (T) Tj ET Q q 0 0 0 rg BT 112.17 158.10 Td (ouche LLP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.10 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 80.37 134.10 Td (T) Tj ET Q q 0 0 0 rg BT 85.78 134.10 Td (exas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (February 27, 2020) Tj ET Q endstream endobj 187 0 obj <>] /Rotate 0 /Contents 188 0 R>> endobj 188 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (90) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item9B.Other) Tj ET Q q 0 0 0 rg BT 122.03 742.25 Td ( Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 721.25 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.90 700.25 Td (P) Tj ET Q q 0 0 0 rg BT 291.27 700.25 Td (AR) Tj ET Q q 0 0 0 rg BT 305.36 700.25 Td (T) Tj ET Q q 0 0 0 rg BT 311.85 700.25 Td ( III) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 679.25 Td (Item10.Dir) Tj ET Q q 0 0 0 rg BT 109.25 679.25 Td (ectors, Executive Officers and Corporate Governance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 658.25 Td (The information under the headings "Directors and Nominees," "Executive Of) Tj ET Q q 0 0 0 rg BT 387.08 658.25 Td (ficers," "Delinquent Section 16\(a\) Reports" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (and "Board Committees and Meetings" in our proxy statement to be filed with the SEC pursuant to Regulation14A, not later ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (than 120days after the end of the fiscal year covered by this report, is incorporated herein by reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 613.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 613.25 Td (e have adopted a code of ethics that applies to all our directors and employees, including the principal executive of) Tj ET Q q 0 0 0 rg BT 541.18 613.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 559.10 613.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td (principal financial of) Tj ET Q q 0 0 0 rg BT 133.67 601.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 151.59 601.25 Td (, principal accounting of) Tj ET Q q 0 0 0 rg BT 249.15 601.25 Td (ficer and controller) Tj ET Q q 0 0 0 rg BT 325.22 601.25 Td (. ) Tj ET Q q 0 0 0 rg BT 330.04 601.25 Td (The full text of our Code of Conduct and Ethics is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.25 Td (published on the Investors section of our website at ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 258.01 589.25 Td (www) Tj ET Q q 0 0 0 rg BT 277.28 589.25 Td (.fossilgr) Tj ET Q q 0 0 0 rg BT 309.42 589.25 Td (oup.com) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.58 589.25 Td (. ) Tj ET Q q 0 0 0 rg BT 348.40 589.25 Td (W) Tj ET Q q 0 0 0 rg BT 357.04 589.25 Td (e intend to disclose any future amendments to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.25 Td (certain provisions of the Code of Conduct and Ethics, or waivers of such provisions granted to executive of) Tj ET Q q 0 0 0 rg BT 479.16 577.25 Td (ficers and directors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.25 Td (on this website within five business days following the date of any such amendment or waiver) Tj ET Q q 0 0 0 rg BT 426.31 565.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (Item1) Tj ET Q q 0 0 0 rg BT 76.94 544.25 Td (1.Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 523.25 Td (The information required in response to this Item is incorporated herein by reference to our proxy statement to be filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (with the SEC pursuant to Regulation14A, not later than 120days after the end of the fiscal year covered by this report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (Item12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder) Tj ET Q q 0 0 0 rg BT 492.01 490.25 Td ( Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 469.25 Td (The information required in response to this Item is incorporated herein by reference to our proxy statement to be filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (with the SEC pursuant to Regulation14A, not later than 120days after the end of the fiscal year covered by this report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (Item13.Certain Relationships and Related ) Tj ET Q q 0 0 0 rg BT 244.26 436.25 Td (T) Tj ET Q q 0 0 0 rg BT 250.19 436.25 Td (ransactions, and Dir) Tj ET Q q 0 0 0 rg BT 336.96 436.25 Td (ector) Tj ET Q q 0 0 0 rg BT 358.43 436.25 Td ( Independence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 415.25 Td (The information required in response to this Item is incorporated herein by reference to our proxy statement to be filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.25 Td (with the SEC pursuant to Regulation14A, not later than 120days after the end of the fiscal year covered by this report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (Item14.Principal ) Tj ET Q q 0 0 0 rg BT 136.38 382.25 Td (Accountant Fees and Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 361.25 Td (The information required in response to this Item is incorporated herein by reference to our proxy statement to be filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (with the SEC pursuant to Regulation14A, not later than 120days after the end of the fiscal year covered by this report.) 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Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 83 655.9833984375 m 316.8427734375 655.9833984375 l s q 0 0 1 rg BT 83.00 657.32 Td (Report of Independent Registered Public ) Tj ET Q q 0 0 1 rg BT 248.24 657.32 Td (Accounting Firm) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 83 640.9833984375 m 199.083984375 640.9833984375 l s q 0 0 1 rg BT 83.00 642.32 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 83 625.9833984375 m 396.26171875 625.9833984375 l s q 0 0 1 rg BT 83.00 627.32 Td (Consolidated Statements of Income \(Loss\) and Comprehensive Income \(Loss\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 83 610.9833984375 m 278.6689453125 610.9833984375 l s q 0 0 1 rg BT 83.00 612.32 Td (Consolidated Statements of Stockholders' Equity) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 83 595.9833984375 m 242.4384765625 595.9833984375 l s q 0 0 1 rg BT 83.00 597.32 Td (Consolidated Statements of Cash Flows) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 83 580.9833984375 m 257.9755859375 580.9833984375 l s q 0 0 1 rg BT 83.00 582.32 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 69.5 565.9833984375 m 77 565.9833984375 l s q 0 0 1 rg BT 69.50 567.32 Td (2.) 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-15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 542.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 542.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 542.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 542.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 542.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 542.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 542.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 542.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 542.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 512.75 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 512.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 512.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 512.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 512.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 512.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 512.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 512.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 512.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 512.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 482.75 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 482.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 482.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 482.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 482.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 482.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 482.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 482.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 482.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 482.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 452.75 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 452.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 452.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 452.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 452.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 452.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 452.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 452.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 452.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 452.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 422.75 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 422.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 422.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 422.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 422.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 422.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 422.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 422.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 422.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 422.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 392.75 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 392.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 392.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 392.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 392.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 392.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 392.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 392.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 392.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 392.75 59.00 -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 278.5 661.75 m 334.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 661.75 m 338.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 661.75 m 394.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 661.75 m 447.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 632.75 m 274.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 632.75 m 334.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 661.75 m 394.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 632.75 m 394.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 632.75 m 447.5 632.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 632.75 m 510.5 632.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.30 665.98 Td (Additions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.35 665.98 Td (Deductions) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 53 635.730078125 m 99.22265625 635.730078125 l s q 0 0 0 rg BT 53.00 636.98 Td (Classification) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.10 652.98 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.30 644.98 Td (Beginning of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.65 636.98 Td (Period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.10 652.98 Td (Charged) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.65 644.98 Td (to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.85 636.98 Td (Operations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.75 652.98 Td (Charged to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.85 644.98 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.20 636.98 Td (Accounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.15 652.98 Td (Actual) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.00 644.98 Td (Returns or) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.35 636.98 Td (W) Tj ET Q q 0 0 0 rg BT 414.21 636.98 Td (riteoffs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.60 644.98 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.70 636.98 Td (End of Period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 622.42 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 79.20 622.42 Td (Y) Tj ET Q q 0 0 0 rg BT 85.74 622.42 Td (ear 2017:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 622.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 622.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 622.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 622.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 607.42 Td (Account receivable allowances:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 607.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 607.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 607.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 607.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 592.42 Td (Sales returns) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 592.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.15 592.42 Td (66,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.00 592.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.15 592.42 Td (148,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 592.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 592.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 592.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 592.42 Td (140,515) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 592.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 592.42 Td (75,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 577.42 Td (Bad debts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 577.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.15 577.42 Td (12,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.00 577.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 577.42 Td (7,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 577.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 577.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 577.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 577.42 Td (7,017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 577.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 577.42 Td (12,928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 562.42 Td (Deferred tax asset valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 562.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.15 562.42 Td (19,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.00 562.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 562.42 Td (59,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 562.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 562.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 562.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 562.42 Td (777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 562.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 562.42 Td (78,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 547.42 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 79.20 547.42 Td (Y) Tj ET Q q 0 0 0 rg BT 85.74 547.42 Td (ear 2018:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 547.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 547.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 547.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 547.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 532.42 Td (Account receivable allowances:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 532.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 532.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 532.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 532.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 517.42 Td (Bad debts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 517.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.15 517.42 Td (12,928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.00 517.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 517.42 Td (8,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 517.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 517.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 517.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 517.42 Td (7,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 517.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 517.42 Td (14,001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 502.42 Td (Markdowns) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 502.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.65 502.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.00 502.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 502.42 Td (37,904) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 502.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 502.42 Td (28,416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 502.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 502.42 Td (47,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 502.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 502.42 Td (19,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 487.42 Td (Sales returns) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 487.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.15 487.42 Td (75,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.00 487.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.15 487.42 Td (108,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 487.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 487.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 487.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 487.42 Td (1) Tj ET Q q 0 0 0 rg BT 416.10 487.42 Td (16,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 487.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 487.42 Td (67,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 472.42 Td (Deferred tax asset valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.15 472.42 Td (78,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.00 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 472.42 Td (13,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 472.42 Td (4,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 472.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 472.42 Td (95,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 457.42 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 79.02 457.42 Td (Y) Tj ET Q q 0 0 0 rg BT 85.24 457.42 Td (ear 2019:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 457.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 457.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 457.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 457.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 442.42 Td (Account receivable allowances:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 442.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 442.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 442.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 442.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 427.42 Td (Bad debts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 427.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.15 427.42 Td (14,001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.00 427.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 427.42 Td (2,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 427.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 427.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 427.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 427.42 Td (3,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 427.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 427.42 Td (13,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 412.42 Td (Markdowns) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 412.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.15 412.42 Td (19,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.00 412.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 412.42 Td (49,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 412.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 412.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 412.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 412.42 Td (45,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 412.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 412.42 Td (23,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 397.42 Td (Sales returns) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 397.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.15 397.42 Td (67,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.00 397.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.15 397.42 Td (139,350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 397.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 397.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 397.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 397.42 Td (129,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 397.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 397.42 Td (77,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 382.42 Td (Deferred tax asset valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 382.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.15 382.42 Td (95,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.00 382.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 382.42 Td (15,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 382.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 382.42 Td (6,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 382.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 382.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 382.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 382.42 Td (1) Tj ET Q q 0 0 0 rg BT 479.15 382.42 Td (18,089) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 195 0 obj <>] /Rotate 0 /Contents 196 0 R>> endobj 196 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (94) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.30 742.25 Td (EXHIBIT) Tj ET Q q 0 0 0 rg BT 309.91 742.25 Td ( INDEX) Tj ET Q 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 701.75 51.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 701.75 30.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 131.50 701.75 420.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 641.75 51.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 641.75 30.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 131.50 641.75 420.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 601.75 51.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 601.75 30.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 131.50 601.75 420.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 551.75 51.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 551.75 30.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 131.50 551.75 420.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 491.75 51.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 491.75 30.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 131.50 491.75 420.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 431.75 51.00 -35.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 431.75 30.00 -35.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 131.50 431.75 420.00 -35.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 371.75 51.00 -35.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 371.75 30.00 -35.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 131.50 371.75 420.00 -35.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 301.75 51.00 -35.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 301.75 30.00 -35.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 131.50 301.75 420.00 -35.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 231.75 51.00 -35.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 231.75 30.00 -35.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 131.50 231.75 420.00 -35.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 171.75 51.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 171.75 30.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 131.50 171.75 420.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 121.75 51.00 -35.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 121.75 30.00 -35.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 131.50 121.75 420.00 -35.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 701.75 m 101.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 701.75 m 551.5 701.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.80 713.98 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 61.35 705.98 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.20 705.98 Td (Description) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.15 692.32 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 690.9833984375 m 520.279296875 690.9833984375 l s q 0 0 1 rg BT 134.00 692.32 Td (Third ) Tj ET Q q 0 0 1 rg BT 158.17 692.32 Td (Amended and Restated Certificate of Incorporation of Fossil Group,Inc. \(incorporated by ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 680.9833984375 m 515.4501953125 680.9833984375 l s q 0 0 1 rg BT 134.00 682.32 Td (reference to Exhibit3.1 to the Company's Current Report on Form8-K filed on May25, 2010\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.15 667.32 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 665.9833984375 m 508.970703125 665.9833984375 l s q 0 0 1 rg BT 134.00 667.32 Td (Certificate of ) Tj ET Q q 0 0 1 rg BT 188.98 667.32 Td (Amendment of the ) Tj ET Q q 0 0 1 rg BT 266.28 667.32 Td (Third ) Tj ET Q q 0 0 1 rg BT 290.44 667.32 Td (Amended and Restated Certificate of Incorporation of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 655.9833984375 m 535.9970703125 655.9833984375 l s q 0 0 1 rg BT 134.00 657.32 Td (Fossil,Inc. \(incorporated by reference to Exhibit3.1 to the Company's Current Report on Form8-K ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 645.9833984375 m 228.9853515625 645.9833984375 l s q 0 0 1 rg BT 134.00 647.32 Td (filed on May28, 2013\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.15 632.32 Td (3.3) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 630.9833984375 m 545.2939453125 630.9833984375 l s q 0 0 1 rg BT 134.00 632.32 Td (Fifth ) Tj ET Q q 0 0 1 rg BT 155.40 632.32 Td (Amended and Restated Bylaws of Fossil Group,Inc. \(incorporated by reference to Exhibit3.1 of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 620.9833984375 m 405.494140625 620.9833984375 l s q 0 0 1 rg BT 134.00 622.32 Td (the Company's Current Report on Form8-K filed on ) Tj ET Q q 0 0 1 rg BT 346.06 622.32 Td (April3, 2017\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.15 607.32 Td (4.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 607.32 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 605.0833984375 m 356.20703125 605.0833984375 l s q 0 0 1 rg BT 134.00 606.42 Td (The description of Fossil Group, Inc.) Tj ET Q q 0 0 1 rg BT 284.81 606.42 Td (s Common Stock.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.15 592.32 Td (10.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 592.32 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 590.9833984375 m 522.798828125 590.9833984375 l s q 0 0 1 rg BT 134.00 592.32 Td (Fossil Group,Inc. Savings and Retirement Plan \(incorporated by reference to Exhibit 10.1 to the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 580.9833984375 m 399.6591796875 580.9833984375 l s q 0 0 1 rg BT 134.00 582.32 Td (Company's ) Tj ET Q q 0 0 1 rg BT 180.53 582.32 Td (Annual Report on Form 10-K filed on March 2, 2018\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.15 567.32 Td (10.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 567.32 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 565.9833984375 m 534.859375 565.9833984375 l s q 0 0 1 rg BT 134.00 567.32 Td (Fossil Group,Inc. 2008 Long-T) Tj ET Q q 0 0 1 rg BT 261.07 567.32 Td (erm Incentive Plan \(incorporated by reference to Exhibit10.1 to the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 555.9833984375 m 393.55078125 555.9833984375 l s q 0 0 1 rg BT 134.00 557.32 Td (Company's Current Report on Form8-K filed on May23, 2008\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.15 542.32 Td (10.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 542.32 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 540.9833984375 m 550.1474609375 540.9833984375 l s q 0 0 1 rg BT 134.00 542.32 Td (Amendment Number One to the 2008 Long-T) Tj ET Q q 0 0 1 rg BT 317.71 542.32 Td (erm Incentive Plan of Fossil Group,Inc. \(incorporated by ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 530.9833984375 m 546.55859375 530.9833984375 l s q 0 0 1 rg BT 134.00 532.32 Td (reference to Exhibit10.23 to the Company's ) Tj ET Q q 0 0 1 rg BT 312.43 532.32 Td (Annual Report on Form10-K filed on February29, 2012\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.15 517.32 Td (10.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 517.32 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 515.9833984375 m 538.4384765625 515.9833984375 l s q 0 0 1 rg BT 134.00 517.32 Td (Amendment Number ) Tj ET Q q 0 0 1 rg BT 221.02 517.32 Td (T) Tj ET Q q 0 0 1 rg BT 226.43 517.32 Td (wo to the 2008 Long-T) Tj ET Q q 0 0 1 rg BT 318.50 517.32 Td (erm Incentive Plan of Fossil Group,Inc. \(incorporated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 505.9833984375 m 533.228515625 505.9833984375 l s q 0 0 1 rg BT 134.00 507.32 Td (by reference to Exhibit10.24 to the Company's ) Tj ET Q q 0 0 1 rg BT 324.93 507.32 Td (Annual Report on Form10-K filed on February29, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 495.9833984375 m 159.830078125 495.9833984375 l s q 0 0 1 rg BT 134.00 497.32 Td (2012\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.15 482.32 Td (10.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 482.32 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 480.9833984375 m 545.7919921875 480.9833984375 l s q 0 0 1 rg BT 134.00 482.32 Td (Amendment Number ) Tj ET Q q 0 0 1 rg BT 221.02 482.32 Td (Three to the Fossil Group, Inc. 2008 Long-T) Tj ET Q q 0 0 1 rg BT 398.90 482.32 Td (erm Incentive Plan \(incorporated by ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 470.9833984375 m 529.1953125 470.9833984375 l s q 0 0 1 rg BT 134.00 472.32 Td (reference to Exhibit 10.1 to the Company) Tj ET Q q 0 0 1 rg BT 302.56 472.32 Td (s Quarterly Report on Form 10-Q filed on May 7, 2015\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.15 457.32 Td (10.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 457.32 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 455.9833984375 m 503.1845703125 455.9833984375 l s q 0 0 1 rg BT 134.00 457.32 Td (Third ) Tj ET Q q 0 0 1 rg BT 158.17 457.32 Td (Amended and Restated Fossil Group,Inc. and ) Tj ET Q q 0 0 1 rg BT 344.52 457.32 Td (Af) Tj ET Q q 0 0 1 rg BT 354.89 457.32 Td (filiates Deferred Compensation Plan ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 445.9833984375 m 527.65234375 445.9833984375 l s q 0 0 1 rg BT 134.00 447.32 Td (\(incorporated by reference to Exhibit10.1 to the Company's Current Report on Form8-K filed on ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 435.9833984375 m 218.4140625 435.9833984375 l s q 0 0 1 rg BT 134.00 437.32 Td (December21, 2010\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.15 422.32 Td (10.7) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 420.9833984375 m 544.205078125 420.9833984375 l s q 0 0 1 rg BT 134.00 422.32 Td (Master License ) Tj ET Q q 0 0 1 rg BT 197.31 422.32 Td (Agreement dated as of ) Tj ET Q q 0 0 1 rg BT 289.50 422.32 Td (August30, 1994, by and between Fossil Group,Inc. and Fossil ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 410.9833984375 m 543.775390625 410.9833984375 l s q 0 0 1 rg BT 134.00 412.32 Td (Partners,L.P) Tj ET Q q 0 0 1 rg BT 184.83 412.32 Td (. \(incorporated by reference to Exhibit10.6 to the Company's ) Tj ET Q q 0 0 1 rg BT 432.12 412.32 Td (Annual Report on Form10-) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 400.9833984375 m 241.1044921875 400.9833984375 l s q 0 0 1 rg BT 134.00 402.32 Td (K filed on March2, 201) Tj ET Q q 0 0 1 rg BT 230.27 402.32 Td (1\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.15 387.32 Td (10.8) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 385.9833984375 m 548.0673828125 385.9833984375 l s q 0 0 1 rg BT 134.00 387.32 Td (Agreement of Limited Partnership of Fossil Partners,L.P) Tj ET Q q 0 0 1 rg BT 362.02 387.32 Td (. \(incorporated by reference to Exhibit10.7 to ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 375.9833984375 m 414.0048828125 375.9833984375 l s q 0 0 1 rg BT 134.00 377.32 Td (the Company's ) Tj ET Q q 0 0 1 rg BT 195.25 377.32 Td (Annual Report on Form10-K filed on March2, 201) Tj ET Q q 0 0 1 rg BT 403.17 377.32 Td (1\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.15 362.32 Td (10.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 362.32 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 360.9833984375 m 519.5517578125 360.9833984375 l s q 0 0 1 rg BT 134.00 362.32 Td (Form of Stock ) Tj ET Q q 0 0 1 rg BT 193.73 362.32 Td (Appreciation Rights ) Tj ET Q q 0 0 1 rg BT 276.50 362.32 Td (A) Tj ET Q q 0 0 1 rg BT 282.80 362.32 Td (ward \(2012\) under the Fossil Group,Inc. 2008 Long-T) Tj ET Q q 0 0 1 rg BT 501.50 362.32 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 350.9833984375 m 544.5859375 350.9833984375 l s q 0 0 1 rg BT 134.00 352.32 Td (Incentive Plan \(incorporated by reference to Exhibit10.3 to the Company's Current Report on Form8-) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 340.9833984375 m 246.4755859375 340.9833984375 l s q 0 0 1 rg BT 134.00 342.32 Td (K filed on March14, 2012\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.15 327.32 Td (10.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 327.32 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 325.9833984375 m 534.5419921875 325.9833984375 l s q 0 0 1 rg BT 134.00 327.32 Td (Amendment to the Stock ) Tj ET Q q 0 0 1 rg BT 235.66 327.32 Td (Appreciation Rights ) Tj ET Q q 0 0 1 rg BT 318.42 327.32 Td (A) Tj ET Q q 0 0 1 rg BT 324.73 327.32 Td (ward Under the Fossil Group, Inc. 2008 Long-T) Tj ET Q q 0 0 1 rg BT 516.50 327.32 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 315.9833984375 m 544.0244140625 315.9833984375 l s q 0 0 1 rg BT 134.00 317.32 Td (Incentive Plan \(incorporated by reference to Exhibit 10.2 to the Company's Quarterly Report on Form ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 305.9833984375 m 261.67578125 305.9833984375 l s q 0 0 1 rg BT 134.00 307.32 Td (10-Q filed on ) Tj ET Q q 0 0 1 rg BT 189.83 307.32 Td (August 1) Tj ET Q q 0 0 1 rg BT 225.85 307.32 Td (1, 2016\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.15 292.32 Td (10.1) Tj ET Q q 0 0 0 rg BT 92.65 292.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 292.32 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 290.9833984375 m 498.1455078125 290.9833984375 l s q 0 0 1 rg BT 134.00 292.32 Td (Restricted Stock Unit ) Tj ET Q q 0 0 1 rg BT 222.05 292.32 Td (A) Tj ET Q q 0 0 1 rg BT 228.35 292.32 Td (ward Under the Fossil Group, Inc. 2016 Long-T) Tj ET Q q 0 0 1 rg BT 420.12 292.32 Td (erm Incentive Plan ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 280.9833984375 m 540.4208984375 280.9833984375 l s q 0 0 1 rg BT 134.00 282.32 Td (\(incorporated by reference to Exhibit 10.4 to the Company's Quarterly Report on Form 10-Q filed on ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 270.9833984375 m 205.8505859375 270.9833984375 l s q 0 0 1 rg BT 134.00 272.32 Td (August 1) Tj ET Q q 0 0 1 rg BT 170.02 272.32 Td (1, 2016\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.15 257.32 Td (10.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 257.32 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 255.9833984375 m 517.59375 255.9833984375 l s q 0 0 1 rg BT 134.00 257.32 Td (Stock ) Tj ET Q q 0 0 1 rg BT 158.73 257.32 Td (Appreciation Rights ) Tj ET Q q 0 0 1 rg BT 241.50 257.32 Td (A) Tj ET Q q 0 0 1 rg BT 247.80 257.32 Td (ward Under the Fossil Group, Inc. 2016 Long-T) Tj ET Q q 0 0 1 rg BT 439.57 257.32 Td (erm Incentive Plan ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 245.9833984375 m 540.4208984375 245.9833984375 l s q 0 0 1 rg BT 134.00 247.32 Td (\(incorporated by reference to Exhibit 10.5 to the Company's Quarterly Report on Form 10-Q filed on ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 235.9833984375 m 205.8505859375 235.9833984375 l s q 0 0 1 rg BT 134.00 237.32 Td (August 1) Tj ET Q q 0 0 1 rg BT 170.02 237.32 Td (1, 2016\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.15 222.32 Td (10.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 222.32 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 220.9833984375 m 512.3056640625 220.9833984375 l s q 0 0 1 rg BT 134.00 222.32 Td (Restricted Stock Unit ) Tj ET Q q 0 0 1 rg BT 222.05 222.32 Td (A) Tj ET Q q 0 0 1 rg BT 228.35 222.32 Td (ward Under the Fossil Group, Inc. 2016 Long-T) Tj ET Q q 0 0 1 rg BT 420.12 222.32 Td (erm Incentive Plan for ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 210.9833984375 m 542.6181640625 210.9833984375 l s q 0 0 1 rg BT 134.00 212.32 Td (Performance Grants \(incorporated by reference to Exhibit 10.6 to the Company's Quarterly Report on ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 200.9833984375 m 285.845703125 200.9833984375 l s q 0 0 1 rg BT 134.00 202.32 Td (Form 10-Q filed on ) Tj ET Q q 0 0 1 rg BT 214.00 202.32 Td (August 1) Tj ET Q q 0 0 1 rg BT 250.02 202.32 Td (1, 2016\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.15 187.32 Td (10.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 187.32 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 185.9833984375 m 544.2783203125 185.9833984375 l s q 0 0 1 rg BT 134.00 187.32 Td (Form of Executive Severance ) Tj ET Q q 0 0 1 rg BT 254.51 187.32 Td (Agreement \(incorporated by reference to Exhibit 10.1 to the Company's ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 175.9833984375 m 354.2392578125 175.9833984375 l s q 0 0 1 rg BT 134.00 177.32 Td (Current Report on Form 8-K filed on January 8, 2016\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.15 162.32 Td (10.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 162.32 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 160.9833984375 m 514.4638671875 160.9833984375 l s q 0 0 1 rg BT 134.00 162.32 Td (Fossil Group, Inc. 2015 Cash Incentive Plan \(incorporated by reference to Exhibit10.26 to the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 150.9833984375 m 399.6591796875 150.9833984375 l s q 0 0 1 rg BT 134.00 152.32 Td (Company's ) Tj ET Q q 0 0 1 rg BT 180.53 152.32 Td (Annual Report on Form10-K filed on March1, 2017\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.15 137.32 Td (10.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 137.32 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 135.9833984375 m 539.859375 135.9833984375 l s q 0 0 1 rg BT 134.00 137.32 Td (Fossil Group, Inc. 2016 Long-T) Tj ET Q q 0 0 1 rg BT 261.07 137.32 Td (erm Incentive Plan \(incorporated by reference to Exhibit10.27 to the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 125.9833984375 m 399.6591796875 125.9833984375 l s q 0 0 1 rg BT 134.00 127.32 Td (Company's ) Tj ET Q q 0 0 1 rg BT 180.53 127.32 Td (Annual Report on Form10-K filed on March1, 2017\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.15 112.32 Td (10.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 112.32 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 110.9833984375 m 494.9130859375 110.9833984375 l s q 0 0 1 rg BT 134.00 112.32 Td (Restricted Stock Unit ) Tj ET Q q 0 0 1 rg BT 222.05 112.32 Td (A) Tj ET Q q 0 0 1 rg BT 228.35 112.32 Td (ward under the Fossil Group, Inc. 2016 Long ) Tj ET Q q 0 0 1 rg BT 411.48 112.32 Td (T) Tj ET Q q 0 0 1 rg BT 416.89 112.32 Td (erm Incentive Plan ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 100.9833984375 m 527.9208984375 100.9833984375 l s q 0 0 1 rg BT 134.00 102.32 Td (\(incorporated by reference to Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q filed ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 90.9833984375 m 214.537109375 90.9833984375 l s q 0 0 1 rg BT 134.00 92.32 Td (November 9, 2017\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.15 77.32 Td (10.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 77.32 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 75.08339843750002 m 544.859375 75.08339843750002 l s q 0 0 1 rg BT 134.00 76.42 Td (First ) Tj ET Q q 0 0 1 rg BT 154.29 76.42 Td (Amendment to the Fossil Group, Inc. 2016 Long-T) Tj ET Q q 0 0 1 rg BT 358.29 76.42 Td (erm Incentive Plan \(incorporated by reference ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 65.08339843750002 m 486.0458984375 65.08339843750002 l s q 0 0 1 rg BT 134.00 66.42 Td (to Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q filed ) Tj ET Q q 0 0 1 rg BT 418.82 66.42 Td (August 9, 2018\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 197 0 obj <>] /Rotate 0 /Contents 198 0 R>> endobj 198 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (95) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 726.5 m 101.5 726.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 726.5 m 551.5 726.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.80 738.73 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 61.35 730.73 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.20 730.73 Td (Description) Tj ET Q 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 726.50 51.00 -85.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 726.50 30.00 -85.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 131.50 726.50 420.00 -85.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 586.50 51.00 -45.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 586.50 30.00 -45.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 131.50 586.50 420.00 -45.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 515.50 51.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 515.50 30.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 131.50 515.50 420.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 485.50 51.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 485.50 30.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 131.50 485.50 420.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 455.50 51.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 455.50 30.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 131.50 455.50 420.00 -25.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 405.50 51.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 405.50 30.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 131.50 405.50 420.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 375.50 51.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 375.50 30.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 131.50 375.50 420.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 345.50 51.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 345.50 30.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 131.50 345.50 420.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 50.50 315.50 51.00 -15.00 re f /GS0 gs 0.7490196078431373 0.8941176470588236 1 rg /GS0 gs 101.50 315.50 30.00 -15.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.15 717.07 Td (10.19) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 714.8333984375 m 541.9931640625 714.8333984375 l s q 0 0 1 rg BT 134.00 716.17 Td (Credit ) Tj ET Q q 0 0 1 rg BT 160.94 716.17 Td (Agreement, dated as of September 26, 2019, by and among Fossil Group, Inc., Fossil Partners, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 704.8333984375 m 532.8818359375 704.8333984375 l s q 0 0 1 rg BT 134.00 706.17 Td (L.P) Tj ET Q q 0 0 1 rg BT 147.06 706.17 Td (., Fossil Group Europe GmbH, Fossil ) Tj ET Q q 0 0 1 rg BT 298.46 706.17 Td (Asia Pacific Limited, Fossil \(Europe\) GmbH, Fossil \(UK\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 694.8333984375 m 512.896484375 694.8333984375 l s q 0 0 1 rg BT 134.00 696.17 Td (Limited, Fossil Canada Inc. and certain lenders party thereto, JPMor) Tj ET Q q 0 0 1 rg BT 407.64 696.17 Td (gan Chase Bank, N.A., as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 134 684.8333984375 m 526.763671875 684.8333984375 l s q 0 0 1 rg BT 134.00 686.17 Td (administrative agent and an issuing lender) Tj ET Q q 0 0 1 rg BT 302.16 686.17 Td (, J.P) Tj ET Q q 0 0 1 rg BT 318.01 686.17 Td (. 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Tj ET Q endstream endobj 199 0 obj <> endobj 200 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.35 718.10 Td (EXHIBIT) Tj ET Q q 0 0 0 rg BT 546.96 718.10 Td ( 4.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.75 694.10 Td (DESCRIPTION OF) Tj ET Q q 0 0 0 rg BT 146.22 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 148.54 694.10 Td (THE REGISTRANTS SECURITIES REGISTERED PURSUANT) Tj ET Q q 0 0 0 rg BT 435.11 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 437.42 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 443.91 694.10 Td (O SECTION 12 OF) Tj ET Q q 0 0 0 rg BT 527.72 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 530.04 694.10 Td (THE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.85 682.10 Td (SECURITIES EXCHANGE ) Tj ET Q q 0 0 0 rg BT 337.66 682.10 Td (ACT) Tj ET Q q 0 0 0 rg BT 358.60 682.10 Td ( OF) Tj ET Q q 0 0 0 rg BT 374.61 682.10 Td ( 1934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (As ) Tj ET Q q 0 0 0 rg BT 98.74 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.71 658.10 Td (December ) Tj ET Q q 0 0 0 rg BT 151.42 658.10 Td (28, ) Tj ET Q q 0 0 0 rg BT 165.55 658.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 189.68 658.10 Td (Fossil ) Tj ET Q q 0 0 0 rg BT 215.21 658.10 Td (Group, ) Tj ET Q q 0 0 0 rg BT 244.90 658.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 261.80 658.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 278.97 658.10 Td (Company) Tj ET Q q 0 0 0 rg BT 321.65 658.10 Td (, ) Tj ET Q q 0 0 0 rg BT 330.22 658.10 Td (we, ) Tj ET Q q 0 0 0 rg BT 354.89 658.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 376.79 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.86 658.10 Td (our\) ) Tj ET Q q 0 0 0 rg BT 420.02 658.10 Td (had ) Tj ET Q q 0 0 0 rg BT 436.09 658.10 Td (one ) Tj ET Q q 0 0 0 rg BT 452.16 658.10 Td (class ) Tj ET Q q 0 0 0 rg BT 473.23 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.19 658.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 522.59 658.10 Td (registered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (under ) Tj ET Q q 0 0 0 rg BT 75.28 646.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 107.78 646.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 120.29 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.13 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.86 646.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 187.80 646.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 229.18 646.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 246.13 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.97 646.10 Td (1934, ) Tj ET Q q 0 0 0 rg BT 281.98 646.10 Td (as ) Tj ET Q q 0 0 0 rg BT 292.82 646.10 Td (amended: ) Tj ET Q q 0 0 0 rg BT 334.20 646.10 Td (our ) Tj ET Q q 0 0 0 rg BT 350.04 646.10 Td (common ) Tj ET Q q 0 0 0 rg BT 387.55 646.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 413.67 646.10 Td ($0.01 ) Tj ET Q q 0 0 0 rg BT 438.67 646.10 Td (par ) Tj ET Q q 0 0 0 rg BT 453.95 646.10 Td (value ) Tj ET Q q 0 0 0 rg BT 478.12 646.10 Td (per ) Tj ET Q q 0 0 0 rg BT 493.40 646.10 Td (share ) Tj ET Q q 0 0 0 rg BT 517.00 646.10 Td (\(Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Stock\). ) Tj ET Q q 0 0 0 rg BT 85.37 634.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.41 634.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 143.14 634.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 168.42 634.10 Td (is ) Tj ET Q q 0 0 0 rg BT 177.59 634.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 201.75 634.10 Td (on ) Tj ET Q q 0 0 0 rg BT 214.07 634.10 Td (The ) Tj ET Q q 0 0 0 rg BT 232.12 634.10 Td (Nasdaq ) Tj ET Q q 0 0 0 rg BT 264.61 634.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 289.89 634.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 321.26 634.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 342.65 634.10 Td (under ) Tj ET Q q 0 0 0 rg BT 367.92 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.64 634.10 Td (symbol ) Tj ET Q q 0 0 0 rg BT 414.58 634.10 Td (FOSL.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 245.55 608.53505859375 m 366.380078125 608.53505859375 l s q 0 0 0 rg BT 245.55 610.10 Td (Description of Capital Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.76 586.10 Td (following ) Tj ET Q q 0 0 0 rg BT 144.86 586.10 Td (is ) Tj ET Q q 0 0 0 rg BT 153.74 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 160.39 586.10 Td (description ) Tj ET Q q 0 0 0 rg BT 207.03 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.57 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.00 586.10 Td (material ) Tj ET Q q 0 0 0 rg BT 266.97 586.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 291.40 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.94 586.10 Td (our ) Tj ET Q q 0 0 0 rg BT 317.48 586.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 346.34 586.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 372.16 586.10 Td (It ) Tj ET Q q 0 0 0 rg BT 380.48 586.10 Td (does ) Tj ET Q q 0 0 0 rg BT 401.02 586.10 Td (not ) Tj ET Q q 0 0 0 rg BT 416.01 586.10 Td (purport ) Tj ET Q q 0 0 0 rg BT 447.66 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.65 586.10 Td (be ) Tj ET Q q 0 0 0 rg BT 469.30 586.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 508.16 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.81 586.10 Td (is ) Tj ET Q q 0 0 0 rg BT 533.69 586.10 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.02 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 76.69 574.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 114.48 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 124.49 574.10 Td (its ) Tj ET Q q 0 0 0 rg BT 136.18 574.10 Td (entirety ) Tj ET Q q 0 0 0 rg BT 168.96 574.10 Td (by ) Tj ET Q q 0 0 0 rg BT 181.20 574.10 Td (our ) Tj ET Q q 0 0 0 rg BT 196.61 574.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 220.57 574.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 261.68 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.36 574.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 315.03 574.10 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 359.47 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.04 574.10 Td (Incorporation, ) Tj ET Q q 0 0 0 rg BT 429.20 574.10 Td (or ) Tj ET Q q 0 0 0 rg BT 439.77 574.10 Td (any ) Tj ET Q q 0 0 0 rg BT 456.45 574.10 Td (supplement ) Tj ET Q q 0 0 0 rg BT 504.79 574.10 Td (or ) Tj ET Q q 0 0 0 rg BT 515.36 574.10 Td (amendment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (thereto ) Tj ET Q q 0 0 0 rg BT 80.58 562.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 98.94 562.10 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 148.39 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.53 562.10 Td (Incorporation\), ) Tj ET Q q 0 0 0 rg BT 227.04 562.10 Td (our ) Tj ET Q q 0 0 0 rg BT 243.18 562.10 Td (Fifth ) Tj ET Q q 0 0 0 rg BT 264.82 562.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 306.51 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.77 562.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 361.01 562.10 Td (Bylaws, ) Tj ET Q q 0 0 0 rg BT 396.33 562.10 Td (or ) Tj ET Q q 0 0 0 rg BT 407.47 562.10 Td (any ) Tj ET Q q 0 0 0 rg BT 424.73 562.10 Td (supplement ) Tj ET Q q 0 0 0 rg BT 473.64 562.10 Td (or ) Tj ET Q q 0 0 0 rg BT 484.79 562.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 534.25 562.10 Td (thereto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 67.86 550.10 Td (Bylaws\), ) Tj ET Q q 0 0 0 rg BT 114.88 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.63 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.16 550.10 Td (General ) Tj ET Q q 0 0 0 rg BT 180.12 550.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 230.76 550.10 Td (Law ) Tj ET Q q 0 0 0 rg BT 250.84 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.49 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.02 550.10 Td (State ) Tj ET Q q 0 0 0 rg BT 298.33 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.97 550.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 349.59 550.10 Td (\(DGCL\). ) Tj ET Q q 0 0 0 rg BT 397.16 550.10 Td (Copies ) Tj ET Q q 0 0 0 rg BT 427.25 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.90 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.43 550.10 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 496.94 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.58 550.10 Td (Incorporation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.03 538.10 Td (Bylaws ) Tj ET Q q 0 0 0 rg BT 99.61 538.10 Td (have ) Tj ET Q q 0 0 0 rg BT 121.08 538.10 Td (been ) Tj ET Q q 0 0 0 rg BT 142.54 538.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 163.46 538.10 Td (with ) Tj ET Q q 0 0 0 rg BT 183.82 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.63 538.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 240.65 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.68 538.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 299.69 538.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 352.84 538.10 Td (as ) Tj ET Q q 0 0 0 rg BT 363.76 538.10 Td (Exhibits ) Tj ET Q q 0 0 0 rg BT 399.68 538.10 Td (3.1, ) Tj ET Q q 0 0 0 rg BT 417.27 538.10 Td (3.2 ) Tj ET Q q 0 0 0 rg BT 432.36 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.38 538.10 Td (3.3 ) Tj ET Q q 0 0 0 rg BT 464.47 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.84 538.10 Td (our ) Tj ET Q q 0 0 0 rg BT 490.19 538.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 522.21 538.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 552.02 538.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 74.17 526.10 Td (10-K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 100.83 502.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 135.00 502.10 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 478.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 95.49 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.21 478.10 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 154.90 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.73 478.10 Td (Incorporation, ) Tj ET Q q 0 0 0 rg BT 225.16 478.10 Td (our ) Tj ET Q q 0 0 0 rg BT 240.99 478.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 285.69 478.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 314.84 478.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 338.45 478.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 372.62 478.10 Td (of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 454.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 454.10 Td (100,000,000 ) Tj ET Q q 0 0 0 rg BT 156.50 454.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 183.99 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.82 454.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 234.55 454.10 Td (Stock; ) Tj ET Q q 0 0 0 rg BT 262.60 454.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 442.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 442.10 Td (1,000,000 ) Tj ET Q q 0 0 0 rg BT 146.50 442.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 173.99 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.82 442.10 Td (undesignated ) Tj ET Q q 0 0 0 rg BT 240.08 442.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 279.22 442.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 305.33 442.10 Td (par ) Tj ET Q q 0 0 0 rg BT 320.60 442.10 Td (value ) Tj ET Q q 0 0 0 rg BT 344.75 442.10 Td ($0.01 ) Tj ET Q q 0 0 0 rg BT 369.75 442.10 Td (per ) Tj ET Q q 0 0 0 rg BT 385.02 442.10 Td (share ) Tj ET Q q 0 0 0 rg BT 408.62 442.10 Td (\(Preferred ) Tj ET Q q 0 0 0 rg BT 456.08 442.10 Td (Stock\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 418.10 Td (As ) Tj ET Q q 0 0 0 rg BT 81.46 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.14 418.10 Td (December ) Tj ET Q q 0 0 0 rg BT 135.58 418.10 Td (28, ) Tj ET Q q 0 0 0 rg BT 150.43 418.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 175.28 418.10 Td (we ) Tj ET Q q 0 0 0 rg BT 189.29 418.10 Td (had ) Tj ET Q q 0 0 0 rg BT 206.08 418.10 Td (50,516,477 ) Tj ET Q q 0 0 0 rg BT 253.43 418.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 280.77 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.45 418.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 331.02 418.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 356.15 418.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 405.17 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.96 418.10 Td (no ) Tj ET Q q 0 0 0 rg BT 434.31 418.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 461.65 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.33 418.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 511.87 418.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 537.00 418.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.39 406.10 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 112.93 406.10 Td (As ) Tj ET Q q 0 0 0 rg BT 127.10 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.49 406.10 Td (December ) Tj ET Q q 0 0 0 rg BT 182.63 406.10 Td (28, ) Tj ET Q q 0 0 0 rg BT 198.19 406.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 223.74 406.10 Td (we ) Tj ET Q q 0 0 0 rg BT 238.46 406.10 Td (had ) Tj ET Q q 0 0 0 rg BT 255.96 406.10 Td (reserved ) Tj ET Q q 0 0 0 rg BT 292.88 406.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 353.70 406.10 Td (10,288,468 ) Tj ET Q q 0 0 0 rg BT 401.75 406.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 444.80 406.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 472.85 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.23 406.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 524.52 406.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 550.35 406.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 86.38 394.10 Td (under ) Tj ET Q q 0 0 0 rg BT 111.65 394.10 Td (our ) Tj ET Q q 0 0 0 rg BT 127.48 394.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 169.41 394.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 208.56 394.10 Td (plan. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 91.94 370.10 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 346.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 346.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 116.99 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.33 346.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 166.56 346.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 191.34 346.10 Td (are ) Tj ET Q q 0 0 0 rg BT 205.55 346.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 237.54 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.32 346.10 Td (one ) Tj ET Q q 0 0 0 rg BT 263.77 346.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 282.99 346.10 Td (per ) Tj ET Q q 0 0 0 rg BT 297.76 346.10 Td (share ) Tj ET Q q 0 0 0 rg BT 320.86 346.10 Td (on ) Tj ET Q q 0 0 0 rg BT 332.86 346.10 Td (all ) Tj ET Q q 0 0 0 rg BT 344.86 346.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 376.30 346.10 Td (submitted ) Tj ET Q q 0 0 0 rg BT 417.75 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 427.53 346.10 Td (a ) Tj ET Q q 0 0 0 rg BT 433.97 346.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 453.19 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.52 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.74 346.10 Td (stockholders. ) Tj ET Q q 0 0 0 rg BT 532.79 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 534.80 346.10 Td (Unless ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 90.70 334.10 Td (required ) Tj ET Q q 0 0 0 rg BT 125.84 334.10 Td (by ) Tj ET Q q 0 0 0 rg BT 137.66 334.10 Td (law) Tj ET Q q 0 0 0 rg BT 151.45 334.10 Td (, ) Tj ET Q q 0 0 0 rg BT 155.77 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.81 334.10 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 213.83 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.98 334.10 Td (Incorporation ) Tj ET Q q 0 0 0 rg BT 280.23 334.10 Td (or ) Tj ET Q q 0 0 0 rg BT 290.38 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.42 334.10 Td (Bylaws, ) Tj ET Q q 0 0 0 rg BT 338.75 334.10 Td (any ) Tj ET Q q 0 0 0 rg BT 355.01 334.10 Td (question ) Tj ET Q q 0 0 0 rg BT 390.72 334.10 Td (brought ) Tj ET Q q 0 0 0 rg BT 423.65 334.10 Td (before ) Tj ET Q q 0 0 0 rg BT 451.01 334.10 Td (any ) Tj ET Q q 0 0 0 rg BT 467.27 334.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 501.30 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.46 334.10 Td (stockholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 71.06 322.10 Td (be ) Tj ET Q q 0 0 0 rg BT 82.68 322.10 Td (decided ) Tj ET Q q 0 0 0 rg BT 115.94 322.10 Td (by ) Tj ET Q q 0 0 0 rg BT 128.12 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.51 322.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 161.90 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.41 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.80 322.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 218.42 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.92 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 235.53 322.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 271.59 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.10 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.49 322.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 319.77 322.10 Td (present ) Tj ET Q q 0 0 0 rg BT 350.83 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 360.78 322.10 Td (person ) Tj ET Q q 0 0 0 rg BT 389.61 322.10 Td (or ) Tj ET Q q 0 0 0 rg BT 400.12 322.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 448.38 322.10 Td (by ) Tj ET Q q 0 0 0 rg BT 460.55 322.10 Td (proxy ) Tj ET Q q 0 0 0 rg BT 486.06 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.67 322.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 534.84 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 544.79 322.10 Td (vote ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (thereat. ) Tj ET Q q 0 0 0 rg BT 82.49 310.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 105.27 310.10 Td (member ) Tj ET Q q 0 0 0 rg BT 140.82 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.94 310.10 Td (our ) Tj ET Q q 0 0 0 rg BT 168.06 310.10 Td (board ) Tj ET Q q 0 0 0 rg BT 193.62 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.74 310.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 242.51 310.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 260.85 310.10 Td (Board\) ) Tj ET Q q 0 0 0 rg BT 300.28 310.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 321.96 310.10 Td (be ) Tj ET Q q 0 0 0 rg BT 334.19 310.10 Td (elected ) Tj ET Q q 0 0 0 rg BT 365.29 310.10 Td (by ) Tj ET Q q 0 0 0 rg BT 378.08 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.08 310.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 413.09 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.21 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.22 310.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 475.89 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.01 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.01 310.10 Td (votes ) Tj ET Q q 0 0 0 rg BT 525.91 310.10 Td (cast ) Tj ET Q q 0 0 0 rg BT 544.25 310.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 80.82 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.09 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.81 298.10 Td (director) Tj ET Q q 0 0 0 rg BT 136.35 298.10 Td (. ) Tj ET Q q 0 0 0 rg BT 141.35 298.10 Td (Cumulative ) Tj ET Q q 0 0 0 rg BT 190.51 298.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 218.57 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.40 298.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 256.89 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.72 298.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 307.45 298.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 332.72 298.10 Td (is ) Tj ET Q q 0 0 0 rg BT 341.89 298.10 Td (prohibited. ) Tj ET Q q 0 0 0 rg BT 388.00 298.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 274.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.84 274.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 117.56 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.18 274.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 167.70 274.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 192.77 274.10 Td (are ) Tj ET Q q 0 0 0 rg BT 207.26 274.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 239.54 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.61 274.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 280.76 274.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 310.81 274.10 Td (such ) Tj ET Q q 0 0 0 rg BT 331.43 274.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 375.11 274.10 Td (if ) Tj ET Q q 0 0 0 rg BT 383.50 274.10 Td (any) Tj ET Q q 0 0 0 rg BT 397.29 274.10 Td (, ) Tj ET Q q 0 0 0 rg BT 402.08 274.10 Td (as ) Tj ET Q q 0 0 0 rg BT 412.70 274.10 Td (may ) Tj ET Q q 0 0 0 rg BT 432.21 274.10 Td (be ) Tj ET Q q 0 0 0 rg BT 443.94 274.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 480.09 274.10 Td (from ) Tj ET Q q 0 0 0 rg BT 501.81 274.10 Td (time ) Tj ET Q q 0 0 0 rg BT 521.88 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 531.94 274.10 Td (time ) Tj ET Q q 0 0 0 rg BT 552.01 274.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.17 262.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 90.55 262.10 Td (out ) Tj ET Q q 0 0 0 rg BT 105.28 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.56 262.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 139.73 262.10 Td (legally ) Tj ET Q q 0 0 0 rg BT 168.90 262.10 Td (available ) Tj ET Q q 0 0 0 rg BT 206.93 262.10 Td (therefor) Tj ET Q q 0 0 0 rg BT 238.18 262.10 Td (, ) Tj ET Q q 0 0 0 rg BT 242.63 262.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 272.90 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.63 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.80 262.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 333.18 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.46 262.10 Td (any ) Tj ET Q q 0 0 0 rg BT 359.85 262.10 Td (preferential ) Tj ET Q q 0 0 0 rg BT 407.88 262.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 448.71 262.10 Td (with ) Tj ET Q q 0 0 0 rg BT 468.44 262.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 498.71 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.44 262.10 Td (any ) Tj ET Q q 0 0 0 rg BT 524.82 262.10 Td (Preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 75.32 250.10 Td (that ) Tj ET Q q 0 0 0 rg BT 92.87 250.10 Td (from ) Tj ET Q q 0 0 0 rg BT 114.85 250.10 Td (time ) Tj ET Q q 0 0 0 rg BT 135.17 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.50 250.10 Td (time ) Tj ET Q q 0 0 0 rg BT 165.82 250.10 Td (may ) Tj ET Q q 0 0 0 rg BT 185.58 250.10 Td (be ) Tj ET Q q 0 0 0 rg BT 197.56 250.10 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 249.27 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 251.82 250.10 Td (In ) Tj ET Q q 0 0 0 rg BT 262.70 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.46 250.10 Td (event ) Tj ET Q q 0 0 0 rg BT 301.66 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.54 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.30 250.10 Td (liquidation, ) Tj ET Q q 0 0 0 rg BT 375.68 250.10 Td (dissolution ) Tj ET Q q 0 0 0 rg BT 422.12 250.10 Td (or ) Tj ET Q q 0 0 0 rg BT 433.00 250.10 Td (winding ) Tj ET Q q 0 0 0 rg BT 468.32 250.10 Td (up ) Tj ET Q q 0 0 0 rg BT 480.87 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.75 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.51 250.10 Td (Company) Tj ET Q q 0 0 0 rg BT 544.75 250.10 Td (, ) Tj ET Q q 0 0 0 rg BT 549.79 250.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 81.00 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.90 238.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 129.69 238.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 154.03 238.10 Td (are ) Tj ET Q q 0 0 0 rg BT 167.81 238.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 199.36 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.70 238.10 Td (share ) Tj ET Q q 0 0 0 rg BT 231.37 238.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 260.70 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.04 238.10 Td (all ) Tj ET Q q 0 0 0 rg BT 281.60 238.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 306.49 238.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 348.60 238.10 Td (after ) Tj ET Q q 0 0 0 rg BT 368.48 238.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 404.48 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.38 238.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 455.66 238.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 485.55 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 494.89 238.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 515.89 238.10 Td (distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 75.17 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.88 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.49 226.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 132.31 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.03 226.10 Td (any ) Tj ET Q q 0 0 0 rg BT 159.85 226.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 208.90 226.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 248.49 226.10 Td (Stock. ) Tj ET Q q 0 0 0 rg BT 275.98 226.10 Td (The ) Tj ET Q q 0 0 0 rg BT 293.91 226.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 325.74 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.46 226.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 376.07 226.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 401.23 226.10 Td (have ) Tj ET Q q 0 0 0 rg BT 422.50 226.10 Td (no ) Tj ET Q q 0 0 0 rg BT 434.88 226.10 Td (preemptive ) Tj ET Q q 0 0 0 rg BT 482.25 226.10 Td (or ) Tj ET Q q 0 0 0 rg BT 492.97 226.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 539.23 226.10 Td (rights ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.99 214.10 Td (other ) Tj ET Q q 0 0 0 rg BT 84.20 214.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 135.75 214.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 163.69 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.79 214.10 Td (there ) Tj ET Q q 0 0 0 rg BT 203.44 214.10 Td (are ) Tj ET Q q 0 0 0 rg BT 218.31 214.10 Td (no ) Tj ET Q q 0 0 0 rg BT 230.97 214.10 Td (redemptive ) Tj ET Q q 0 0 0 rg BT 278.62 214.10 Td (or ) Tj ET Q q 0 0 0 rg BT 289.61 214.10 Td (sinking ) Tj ET Q q 0 0 0 rg BT 321.72 214.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 342.71 214.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 387.05 214.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 430.80 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.24 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.12 214.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 496.01 214.10 Td (Stock. ) Tj ET Q q 0 0 0 rg BT 523.36 214.10 Td (All ) Tj ET Q q 0 0 0 rg BT 538.80 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 214.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 99.39 202.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 127.10 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.16 202.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 178.11 202.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 203.61 202.10 Td (are ) Tj ET Q q 0 0 0 rg BT 218.54 202.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 240.16 202.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 260.10 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.26 202.10 Td (nonassessable. ) Tj ET Q q 0 0 0 rg BT 338.58 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.11 202.10 Td (The ) Tj ET Q q 0 0 0 rg BT 359.38 202.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 387.39 202.10 Td (preferences ) Tj ET Q q 0 0 0 rg BT 436.19 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.35 202.10 Td (privileges ) Tj ET Q q 0 0 0 rg BT 495.51 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.56 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.50 202.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 553.67 202.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 89.22 190.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 113.98 190.10 Td (are ) Tj ET Q q 0 0 0 rg BT 128.18 190.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 158.50 190.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 170.76 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.19 190.10 Td (may ) Tj ET Q q 0 0 0 rg BT 206.40 190.10 Td (be ) Tj ET Q q 0 0 0 rg BT 217.83 190.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 258.13 190.10 Td (af) Tj ET Q q 0 0 0 rg BT 265.72 190.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 292.13 190.10 Td (by) Tj ET Q q 0 0 0 rg BT 301.48 190.10 Td (, ) Tj ET Q q 0 0 0 rg BT 305.97 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.18 190.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 344.95 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.27 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.48 190.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 400.90 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.22 190.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 438.20 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.52 190.10 Td (any ) Tj ET Q q 0 0 0 rg BT 464.95 190.10 Td (series ) Tj ET Q q 0 0 0 rg BT 489.71 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.03 190.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 539.22 190.10 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.50 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.21 178.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 109.15 178.10 Td (may ) Tj ET Q q 0 0 0 rg BT 128.87 178.10 Td (designate ) Tj ET Q q 0 0 0 rg BT 169.13 178.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.41 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.13 178.10 Td (future.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 154.10 Td (eferr) Tj ET Q q 0 0 0 rg BT 81.27 154.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 93.77 154.10 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 130.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.06 130.10 Td (Board, ) Tj ET Q q 0 0 0 rg BT 115.51 130.10 Td (without ) Tj ET Q q 0 0 0 rg BT 148.58 130.10 Td (further ) Tj ET Q q 0 0 0 rg BT 178.30 130.10 Td (action ) Tj ET Q q 0 0 0 rg BT 205.25 130.10 Td (by ) Tj ET Q q 0 0 0 rg BT 217.76 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.50 130.10 Td (stockholders, ) Tj ET Q q 0 0 0 rg BT 288.06 130.10 Td (is ) Tj ET Q q 0 0 0 rg BT 297.24 130.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 341.96 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.25 130.10 Td (fix ) Tj ET Q q 0 0 0 rg BT 365.87 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.82 130.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 425.32 130.10 Td (as ) Tj ET Q q 0 0 0 rg BT 436.16 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 446.45 130.10 Td (any ) Tj ET Q q 0 0 0 rg BT 463.40 130.10 Td (series ) Tj ET Q q 0 0 0 rg BT 488.69 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.53 130.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 539.24 130.10 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.69 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 83.37 118.10 Td (all ) Tj ET Q q 0 0 0 rg BT 95.62 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.20 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.66 118.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 152.89 118.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 177.92 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.60 118.10 Td (preferences ) Tj ET Q q 0 0 0 rg BT 242.93 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.51 118.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 280.74 118.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.77 118.10 Td (such ) Tj ET Q q 0 0 0 rg BT 311.35 118.10 Td (series, ) Tj ET Q q 0 0 0 rg BT 338.87 118.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 381.39 118.10 Td (without ) Tj ET Q q 0 0 0 rg BT 414.19 118.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 457.83 118.10 Td (preferences, ) Tj ET Q q 0 0 0 rg BT 508.65 118.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 553.68 118.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 82.48 106.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 107.76 106.10 Td (with ) Tj ET Q q 0 0 0 rg BT 128.04 106.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 158.85 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.13 106.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 217.17 106.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 244.95 106.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 291.33 106.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 319.11 106.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 347.16 106.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 374.94 106.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 412.44 106.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 437.71 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.65 106.10 Td (preferences ) Tj ET Q q 0 0 0 rg BT 503.23 106.10 Td (on ) Tj ET Q q 0 0 0 rg BT 515.73 106.10 Td (liquidation. ) Tj ET Q q 0 0 0 rg BT 564.06 106.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 85.27 82.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 95.63 82.10 Td (ovisions ) Tj ET Q q 0 0 0 rg BT 132.04 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.87 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.70 82.10 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 206.72 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.55 82.10 Td (Incorporation ) Tj ET Q q 0 0 0 rg BT 280.05 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.67 82.10 Td (Bylaws) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 58.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.83 58.10 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 148.30 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.92 58.10 Td (Incorporation ) Tj ET Q q 0 0 0 rg BT 215.62 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.34 58.10 Td (Bylaws ) Tj ET Q q 0 0 0 rg BT 264.62 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.23 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.73 58.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 330.89 58.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 362.61 58.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 392.09 58.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 436.04 58.10 Td (that ) Tj ET Q q 0 0 0 rg BT 453.31 58.10 Td (may ) Tj ET Q q 0 0 0 rg BT 472.81 58.10 Td (delay) Tj ET Q q 0 0 0 rg BT 493.82 58.10 Td (, ) Tj ET Q q 0 0 0 rg BT 498.60 58.10 Td (defer ) Tj ET Q q 0 0 0 rg BT 521.42 58.10 Td (or ) Tj ET Q q 0 0 0 rg BT 532.03 58.10 Td (prevent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 46.10 Td (change ) Tj ET Q q 0 0 0 rg BT 87.75 46.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.03 46.10 Td (control ) Tj ET Q q 0 0 0 rg BT 128.86 46.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.69 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.40 46.10 Td (Company) Tj ET Q q 0 0 0 rg BT 192.64 46.10 Td (.) Tj ET Q endstream endobj 201 0 obj <> endobj 202 0 obj <> stream BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 87.49 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.77 742.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 136.38 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 147.77 742.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 157.40 742.10 Td (eferr) Tj ET Q q 0 0 0 rg BT 176.47 742.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 188.41 742.10 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (As ) Tj ET Q q 0 0 0 rg BT 101.63 718.10 Td (indicated ) Tj ET Q q 0 0 0 rg BT 142.81 718.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 173.71 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.44 718.10 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 237.16 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.01 718.10 Td (Incorporation ) Tj ET Q q 0 0 0 rg BT 308.96 718.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 334.59 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.33 718.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 380.29 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.03 718.10 Td (authority) Tj ET Q q 0 0 0 rg BT 432.48 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 439.50 718.10 Td (without ) Tj ET Q q 0 0 0 rg BT 474.58 718.10 Td (further ) Tj ET Q q 0 0 0 rg BT 506.31 718.10 Td (action ) Tj ET Q q 0 0 0 rg BT 535.26 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 549.78 718.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (stockholders, ) Tj ET Q q 0 0 0 rg BT 106.39 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 117.51 706.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 140.85 706.10 Td (from ) Tj ET Q q 0 0 0 rg BT 163.63 706.10 Td (time ) Tj ET Q q 0 0 0 rg BT 184.75 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.87 706.10 Td (time ) Tj ET Q q 0 0 0 rg BT 216.98 706.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 257.52 706.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 283.65 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.77 706.10 Td (one ) Tj ET Q q 0 0 0 rg BT 312.55 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 324.22 706.10 Td (more ) Tj ET Q q 0 0 0 rg BT 348.11 706.10 Td (series ) Tj ET Q q 0 0 0 rg BT 374.22 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.00 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.12 706.10 Td (fix ) Tj ET Q q 0 0 0 rg BT 417.57 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.13 706.10 Td (number ) Tj ET Q q 0 0 0 rg BT 467.02 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.69 706.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 509.52 706.10 Td (designations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (preferences ) Tj ET Q q 0 0 0 rg BT 99.35 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 117.07 694.10 Td (relative, ) Tj ET Q q 0 0 0 rg BT 152.83 694.10 Td (participating, ) Tj ET Q q 0 0 0 rg BT 209.14 694.10 Td (optional ) Tj ET Q q 0 0 0 rg BT 245.19 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 256.80 694.10 Td (other ) Tj ET Q q 0 0 0 rg BT 280.63 694.10 Td (special ) Tj ET Q q 0 0 0 rg BT 311.67 694.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 337.72 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.44 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.93 694.10 Td (qualifications, ) Tj ET Q q 0 0 0 rg BT 431.14 694.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 477.20 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 488.80 694.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 536.52 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.79 694.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 89.70 682.10 Td (Stock. ) Tj ET Q q 0 0 0 rg BT 117.29 682.10 Td (The ) Tj ET Q q 0 0 0 rg BT 135.34 682.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 171.72 682.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 185.05 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 195.88 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.60 682.10 Td (right ) Tj ET Q q 0 0 0 rg BT 231.98 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.26 682.10 Td (issue, ) Tj ET Q q 0 0 0 rg BT 267.26 682.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 306.96 682.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 332.24 682.10 Td (could ) Tj ET Q q 0 0 0 rg BT 356.95 682.10 Td (have ) Tj ET Q q 0 0 0 rg BT 378.33 682.10 Td (anti-takeover ) Tj ET Q q 0 0 0 rg BT 433.58 682.10 Td (ef) Tj ET Q q 0 0 0 rg BT 441.17 682.10 Td (fects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 105.26 658.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 141.18 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.54 658.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 190.81 658.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 215.63 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 226.00 658.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 265.23 658.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 290.05 658.10 Td (with ) Tj ET Q q 0 0 0 rg BT 309.86 658.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 337.46 658.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 362.28 658.10 Td (could, ) Tj ET Q q 0 0 0 rg BT 389.03 658.10 Td (under ) Tj ET Q q 0 0 0 rg BT 413.84 658.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 443.08 658.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 504.26 658.10 Td (have ) Tj ET Q q 0 0 0 rg BT 525.17 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.43 658.10 Td (ef) Tj ET Q q 0 0 0 rg BT 547.02 658.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.55 646.10 Td (delaying ) Tj ET Q q 0 0 0 rg BT 97.20 646.10 Td (or ) Tj ET Q q 0 0 0 rg BT 107.75 646.10 Td (preventing ) Tj ET Q q 0 0 0 rg BT 152.73 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 159.39 646.10 Td (change ) Tj ET Q q 0 0 0 rg BT 189.93 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.92 646.10 Td (control ) Tj ET Q q 0 0 0 rg BT 230.47 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.02 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.45 646.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 296.56 646.10 Td (by ) Tj ET Q q 0 0 0 rg BT 308.78 646.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 352.09 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.53 646.10 Td (number ) Tj ET Q q 0 0 0 rg BT 399.29 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.84 646.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 458.73 646.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 485.94 646.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 518.15 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 528.14 646.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 547.58 646.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.40 634.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 105.89 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.51 634.10 Td (number ) Tj ET Q q 0 0 0 rg BT 153.46 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.19 634.10 Td (votes ) Tj ET Q q 0 0 0 rg BT 187.70 634.10 Td (required ) Tj ET Q q 0 0 0 rg BT 223.41 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.59 634.10 Td (approve ) Tj ET Q q 0 0 0 rg BT 268.20 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 275.03 634.10 Td (change ) Tj ET Q q 0 0 0 rg BT 305.75 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 315.93 634.10 Td (control. ) Tj ET Q q 0 0 0 rg BT 349.15 634.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 378.21 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.94 634.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 416.90 634.10 Td (or ) Tj ET Q q 0 0 0 rg BT 427.63 634.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 475.01 634.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 514.61 634.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 539.79 634.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.79 622.10 Td (issued, ) Tj ET Q q 0 0 0 rg BT 91.65 622.10 Td (or ) Tj ET Q q 0 0 0 rg BT 102.33 622.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 127.46 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.59 622.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 175.48 622.10 Td (such ) Tj ET Q q 0 0 0 rg BT 196.17 622.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 223.51 622.10 Td (could ) Tj ET Q q 0 0 0 rg BT 248.08 622.10 Td (be ) Tj ET Q q 0 0 0 rg BT 259.87 622.10 Td (issued, ) Tj ET Q q 0 0 0 rg BT 289.73 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.86 622.10 Td (render ) Tj ET Q q 0 0 0 rg BT 327.75 622.10 Td (more ) Tj ET Q q 0 0 0 rg BT 350.65 622.10 Td (dif) Tj ET Q q 0 0 0 rg BT 361.58 622.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 385.03 622.10 Td (or ) Tj ET Q q 0 0 0 rg BT 395.72 622.10 Td (discourage ) Tj ET Q q 0 0 0 rg BT 441.39 622.10 Td (an ) Tj ET Q q 0 0 0 rg BT 453.18 622.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 485.52 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.65 622.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 523.00 622.10 Td (control ) Tj ET Q q 0 0 0 rg BT 553.68 622.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.31 610.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 105.29 610.10 Td (by ) Tj ET Q q 0 0 0 rg BT 117.38 610.10 Td (means ) Tj ET Q q 0 0 0 rg BT 145.02 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.44 610.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.97 610.10 Td (tender ) Tj ET Q q 0 0 0 rg BT 189.05 610.10 Td (of) Tj ET Q q 0 0 0 rg BT 197.20 610.10 Td (fer) Tj ET Q q 0 0 0 rg BT 207.90 610.10 Td (, ) Tj ET Q q 0 0 0 rg BT 212.49 610.10 Td (proxy ) Tj ET Q q 0 0 0 rg BT 237.91 610.10 Td (contest, ) Tj ET Q q 0 0 0 rg BT 270.83 610.10 Td (mer) Tj ET Q q 0 0 0 rg BT 286.20 610.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 301.06 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 311.48 610.10 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 354.95 610.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 377.04 610.10 Td (issuances ) Tj ET Q q 0 0 0 rg BT 416.90 610.10 Td (could ) Tj ET Q q 0 0 0 rg BT 441.21 610.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 479.39 610.10 Td (deprive ) Tj ET Q q 0 0 0 rg BT 511.46 610.10 Td (stockholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.61 598.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 96.55 598.10 Td (that ) Tj ET Q q 0 0 0 rg BT 114.83 598.10 Td (could ) Tj ET Q q 0 0 0 rg BT 140.33 598.10 Td (result ) Tj ET Q q 0 0 0 rg BT 165.83 598.10 Td (from ) Tj ET Q q 0 0 0 rg BT 188.55 598.10 Td (such ) Tj ET Q q 0 0 0 rg BT 210.17 598.10 Td (an ) Tj ET Q q 0 0 0 rg BT 222.89 598.10 Td (attempt, ) Tj ET Q q 0 0 0 rg BT 258.66 598.10 Td (such ) Tj ET Q q 0 0 0 rg BT 280.28 598.10 Td (as ) Tj ET Q q 0 0 0 rg BT 291.89 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.39 598.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 352.87 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.49 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 372.21 598.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 411.60 598.10 Td (over ) Tj ET Q q 0 0 0 rg BT 432.65 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.15 598.10 Td (market ) Tj ET Q q 0 0 0 rg BT 479.20 598.10 Td (price. ) Tj ET Q q 0 0 0 rg BT 504.97 598.10 Td (Moreover) Tj ET Q q 0 0 0 rg BT 543.99 598.10 Td (, ) Tj ET Q q 0 0 0 rg BT 549.78 598.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 86.46 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.38 586.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 139.96 586.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 167.54 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.46 586.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 218.27 586.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 243.64 586.10 Td (or ) Tj ET Q q 0 0 0 rg BT 254.56 586.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 294.34 586.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 319.71 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.07 586.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 363.21 586.10 Td (friendly ) Tj ET Q q 0 0 0 rg BT 397.46 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.82 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.63 586.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 449.65 586.10 Td (could ) Tj ET Q q 0 0 0 rg BT 474.46 586.10 Td (make ) Tj ET Q q 0 0 0 rg BT 498.70 586.10 Td (it ) Tj ET Q q 0 0 0 rg BT 506.85 586.10 Td (more ) Tj ET Q q 0 0 0 rg BT 529.98 586.10 Td (dif) Tj ET Q q 0 0 0 rg BT 540.91 586.10 Td (ficult ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 574.10 Td (remove ) Tj ET Q q 0 0 0 rg BT 92.76 574.10 Td (incumbent ) Tj ET Q q 0 0 0 rg BT 137.48 574.10 Td (management ) Tj ET Q q 0 0 0 rg BT 191.06 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.00 574.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 245.49 574.10 Td (from ) Tj ET Q q 0 0 0 rg BT 267.43 574.10 Td (of) Tj ET Q q 0 0 0 rg BT 275.58 574.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 293.06 574.10 Td (even ) Tj ET Q q 0 0 0 rg BT 314.44 574.10 Td (if ) Tj ET Q q 0 0 0 rg BT 323.05 574.10 Td (such ) Tj ET Q q 0 0 0 rg BT 343.88 574.10 Td (change ) Tj ET Q q 0 0 0 rg BT 374.69 574.10 Td (were ) Tj ET Q q 0 0 0 rg BT 396.62 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.90 574.10 Td (be ) Tj ET Q q 0 0 0 rg BT 418.84 574.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 459.09 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.37 574.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 522.42 574.10 Td (generally) Tj ET Q q 0 0 0 rg BT 558.97 574.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Number ) Tj ET Q q 0 0 0 rg BT 84.72 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.00 550.10 Td (Dir) Tj ET Q q 0 0 0 rg BT 108.52 550.10 Td (ectors ) Tj ET Q q 0 0 0 rg BT 135.46 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.96 550.10 Td (V) Tj ET Q q 0 0 0 rg BT 157.96 550.10 Td (acancies ) Tj ET Q q 0 0 0 rg BT 195.44 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.94 550.10 Td (Removal ) Tj ET Q q 0 0 0 rg BT 250.43 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.71 550.10 Td (Dir) Tj ET Q q 0 0 0 rg BT 274.23 550.10 Td (ectors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 526.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.98 526.10 Td (Bylaws ) Tj ET Q q 0 0 0 rg BT 136.41 526.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 169.38 526.10 Td (that ) Tj ET Q q 0 0 0 rg BT 186.81 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.45 526.10 Td (number ) Tj ET Q q 0 0 0 rg BT 234.43 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.19 526.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 282.60 526.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 303.91 526.10 Td (be ) Tj ET Q q 0 0 0 rg BT 315.78 526.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 338.76 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.62 526.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 403.03 526.10 Td (from ) Tj ET Q q 0 0 0 rg BT 424.90 526.10 Td (time ) Tj ET Q q 0 0 0 rg BT 445.10 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.31 526.10 Td (time ) Tj ET Q q 0 0 0 rg BT 475.51 526.10 Td (by ) Tj ET Q q 0 0 0 rg BT 487.94 526.10 Td (resolution ) Tj ET Q q 0 0 0 rg BT 530.36 526.10 Td (adopted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.47 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.16 514.10 Td (Board. ) Tj ET Q q 0 0 0 rg BT 106.57 514.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 124.60 514.10 Td (Bylaws ) Tj ET Q q 0 0 0 rg BT 157.07 514.10 Td (also ) Tj ET Q q 0 0 0 rg BT 175.65 514.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 208.67 514.10 Td (that ) Tj ET Q q 0 0 0 rg BT 226.14 514.10 Td (if ) Tj ET Q q 0 0 0 rg BT 234.72 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 241.64 514.10 Td (proposal ) Tj ET Q q 0 0 0 rg BT 278.55 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.80 514.10 Td (remove ) Tj ET Q q 0 0 0 rg BT 321.26 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 328.17 514.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 355.08 514.10 Td (member ) Tj ET Q q 0 0 0 rg BT 390.32 514.10 Td (is ) Tj ET Q q 0 0 0 rg BT 399.46 514.10 Td (properly ) Tj ET Q q 0 0 0 rg BT 435.81 514.10 Td (brought ) Tj ET Q q 0 0 0 rg BT 469.39 514.10 Td (before ) Tj ET Q q 0 0 0 rg BT 497.40 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 504.31 514.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 539.00 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 514.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (stockholders, ) Tj ET Q q 0 0 0 rg BT 104.80 502.10 Td (a ) Tj ET Q q 0 0 0 rg BT 110.98 502.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 137.17 502.10 Td (member ) Tj ET Q q 0 0 0 rg BT 171.69 502.10 Td (may ) Tj ET Q q 0 0 0 rg BT 190.65 502.10 Td (be ) Tj ET Q q 0 0 0 rg BT 201.84 502.10 Td (removed ) Tj ET Q q 0 0 0 rg BT 238.57 502.10 Td (by ) Tj ET Q q 0 0 0 rg BT 250.32 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.29 502.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 283.26 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.34 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.30 502.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 338.49 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.57 502.10 Td (a ) Tj ET Q q 0 0 0 rg BT 354.76 502.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 390.39 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.47 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.44 502.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 437.29 502.10 Td (present ) Tj ET Q q 0 0 0 rg BT 467.92 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 477.45 502.10 Td (person ) Tj ET Q q 0 0 0 rg BT 505.86 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 515.94 502.10 Td (represented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.34 490.10 Td (proxy ) Tj ET Q q 0 0 0 rg BT 88.01 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.79 490.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 137.12 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.24 490.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 166.80 490.10 Td (thereat. ) Tj ET Q q 0 0 0 rg BT 198.33 490.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 217.89 490.10 Td (vacancy ) Tj ET Q q 0 0 0 rg BT 252.99 490.10 Td (on ) Tj ET Q q 0 0 0 rg BT 265.33 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.89 490.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 306.67 490.10 Td (may ) Tj ET Q q 0 0 0 rg BT 326.22 490.10 Td (be ) Tj ET Q q 0 0 0 rg BT 338.00 490.10 Td (filled ) Tj ET Q q 0 0 0 rg BT 361.45 490.10 Td (by ) Tj ET Q q 0 0 0 rg BT 373.79 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.35 490.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 424.57 490.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 444.13 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.80 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.36 490.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 506.69 490.10 Td (then ) Tj ET Q q 0 0 0 rg BT 526.24 490.10 Td (in ) Tj ET Q q 0 0 0 rg BT 536.36 490.10 Td (of) Tj ET Q q 0 0 0 rg BT 544.51 490.10 Td (fice, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (though ) Tj ET Q q 0 0 0 rg BT 80.28 478.10 Td (less ) Tj ET Q q 0 0 0 rg BT 97.78 478.10 Td (than ) Tj ET Q q 0 0 0 rg BT 117.50 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 124.43 478.10 Td (quorum.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Advance ) Tj ET Q q 0 0 0 rg BT 86.92 454.10 Td (Notice) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 430.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.25 430.10 Td (Company) Tj ET Q q 0 0 0 rg BT 144.92 430.10 Td (s ) Tj ET Q q 0 0 0 rg BT 150.51 430.10 Td (Bylaws ) Tj ET Q q 0 0 0 rg BT 182.22 430.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 218.92 430.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 253.38 430.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 279.52 430.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 325.09 430.10 Td (with ) Tj ET Q q 0 0 0 rg BT 344.58 430.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 371.82 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.30 430.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 429.66 430.10 Td (nomination ) Tj ET Q q 0 0 0 rg BT 476.92 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 486.96 430.10 Td (removal ) Tj ET Q q 0 0 0 rg BT 521.43 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.46 430.10 Td (persons ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.32 418.10 Td (election ) Tj ET Q q 0 0 0 rg BT 96.63 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.07 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.95 418.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 146.04 418.10 Td (or ) Tj ET Q q 0 0 0 rg BT 156.04 418.10 Td (other ) Tj ET Q q 0 0 0 rg BT 178.24 418.10 Td (business ) Tj ET Q q 0 0 0 rg BT 213.79 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.23 418.10 Td (be ) Tj ET Q q 0 0 0 rg BT 234.33 418.10 Td (brought ) Tj ET Q q 0 0 0 rg BT 267.10 418.10 Td (before ) Tj ET Q q 0 0 0 rg BT 294.30 418.10 Td (meetings ) Tj ET Q q 0 0 0 rg BT 332.06 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.05 418.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 394.26 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.25 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.13 418.10 Td (Company) Tj ET Q q 0 0 0 rg BT 456.36 418.10 Td (. ) Tj ET Q q 0 0 0 rg BT 460.40 418.10 Td (These ) Tj ET Q q 0 0 0 rg BT 485.94 418.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 531.47 418.10 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.66 406.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 94.75 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.74 406.10 Td (such ) Tj ET Q q 0 0 0 rg BT 126.73 406.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 176.05 406.10 Td (nominations ) Tj ET Q q 0 0 0 rg BT 228.15 406.10 Td (or ) Tj ET Q q 0 0 0 rg BT 239.15 406.10 Td (proposals ) Tj ET Q q 0 0 0 rg BT 280.14 406.10 Td (must ) Tj ET Q q 0 0 0 rg BT 302.25 406.10 Td (be ) Tj ET Q q 0 0 0 rg BT 314.35 406.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 342.56 406.10 Td (given ) Tj ET Q q 0 0 0 rg BT 367.44 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 377.88 406.10 Td (writing ) Tj ET Q q 0 0 0 rg BT 409.42 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.86 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.74 406.10 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 475.16 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.15 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.03 406.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 542.57 406.10 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.79 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.01 394.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 111.23 394.10 Td (at ) Tj ET Q q 0 0 0 rg BT 121.46 394.10 Td (which ) Tj ET Q q 0 0 0 rg BT 148.90 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.13 394.10 Td (action ) Tj ET Q q 0 0 0 rg BT 191.57 394.10 Td (is ) Tj ET Q q 0 0 0 rg BT 201.25 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.03 394.10 Td (be ) Tj ET Q q 0 0 0 rg BT 224.48 394.10 Td (taken. ) Tj ET Q q 0 0 0 rg BT 251.64 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.43 394.10 Td (The ) Tj ET Q q 0 0 0 rg BT 272.99 394.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 300.43 394.10 Td (must ) Tj ET Q q 0 0 0 rg BT 322.88 394.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 355.32 394.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 385.53 394.10 Td (information ) Tj ET Q q 0 0 0 rg BT 435.75 394.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 474.86 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 485.64 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.87 394.10 Td (Bylaws. ) Tj ET Q q 0 0 0 rg BT 536.37 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 539.17 394.10 Td (T) Tj ET Q q 0 0 0 rg BT 544.58 394.10 Td (o ) Tj ET Q q 0 0 0 rg BT 552.58 394.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 77.86 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.94 382.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 134.11 382.10 Td (with ) Tj ET Q q 0 0 0 rg BT 154.20 382.10 Td (an ) Tj ET Q q 0 0 0 rg BT 165.94 382.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 194.90 382.10 Td (meeting, ) Tj ET Q q 0 0 0 rg BT 231.91 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.43 382.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 273.17 382.10 Td (must ) Tj ET Q q 0 0 0 rg BT 294.92 382.10 Td (be ) Tj ET Q q 0 0 0 rg BT 306.66 382.10 Td (received ) Tj ET Q q 0 0 0 rg BT 342.83 382.10 Td (between ) Tj ET Q q 0 0 0 rg BT 378.45 382.10 Td (90 ) Tj ET Q q 0 0 0 rg BT 390.75 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.50 382.10 Td (120 ) Tj ET Q q 0 0 0 rg BT 424.80 382.10 Td (days ) Tj ET Q q 0 0 0 rg BT 445.43 382.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 467.17 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.26 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.78 382.10 Td (date ) Tj ET Q q 0 0 0 rg BT 510.74 382.10 Td (on ) Tj ET Q q 0 0 0 rg BT 523.04 382.10 Td (which ) Tj ET Q q 0 0 0 rg BT 549.78 382.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 102.92 370.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 145.27 370.10 Td (year) Tj ET Q q 0 0 0 rg BT 162.85 370.10 Td () Tj ET Q q 0 0 0 rg BT 165.63 370.10 Td (s ) Tj ET Q q 0 0 0 rg BT 172.45 370.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 202.03 370.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 237.17 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.43 370.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 301.91 370.10 Td (was ) Tj ET Q q 0 0 0 rg BT 320.39 370.10 Td (held. ) Tj ET Q q 0 0 0 rg BT 343.04 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.97 370.10 Td (If ) Tj ET Q q 0 0 0 rg BT 355.56 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.70 370.10 Td (date ) Tj ET Q q 0 0 0 rg BT 390.29 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.55 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.69 370.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 446.28 370.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 481.42 370.10 Td (is ) Tj ET Q q 0 0 0 rg BT 491.02 370.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 503.95 370.10 Td (days ) Tj ET Q q 0 0 0 rg BT 525.21 370.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 553.67 370.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (more ) Tj ET Q q 0 0 0 rg BT 73.23 358.10 Td (than ) Tj ET Q q 0 0 0 rg BT 93.14 358.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 105.83 358.10 Td (days ) Tj ET Q q 0 0 0 rg BT 126.85 358.10 Td (later ) Tj ET Q q 0 0 0 rg BT 147.30 358.10 Td (than ) Tj ET Q q 0 0 0 rg BT 167.20 358.10 Td (such ) Tj ET Q q 0 0 0 rg BT 188.22 358.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 237.55 358.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 259.40 358.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 286.52 358.10 Td (must ) Tj ET Q q 0 0 0 rg BT 308.65 358.10 Td (be ) Tj ET Q q 0 0 0 rg BT 320.78 358.10 Td (received ) Tj ET Q q 0 0 0 rg BT 357.33 358.10 Td (no ) Tj ET Q q 0 0 0 rg BT 370.02 358.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 398.24 358.10 Td (than ) Tj ET Q q 0 0 0 rg BT 418.14 358.10 Td (120 ) Tj ET Q q 0 0 0 rg BT 435.83 358.10 Td (days ) Tj ET Q q 0 0 0 rg BT 456.85 358.10 Td (before ) Tj ET Q q 0 0 0 rg BT 485.08 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.98 358.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 534.88 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 552.01 358.10 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (later ) Tj ET Q q 0 0 0 rg BT 70.47 346.10 Td (than ) Tj ET Q q 0 0 0 rg BT 90.39 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.31 346.10 Td (later ) Tj ET Q q 0 0 0 rg BT 125.78 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.81 346.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 148.95 346.10 Td (90 ) Tj ET Q q 0 0 0 rg BT 161.66 346.10 Td (days ) Tj ET Q q 0 0 0 rg BT 182.69 346.10 Td (before ) Tj ET Q q 0 0 0 rg BT 210.93 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.85 346.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 260.77 346.10 Td (or ) Tj ET Q q 0 0 0 rg BT 271.80 346.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 286.73 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.65 346.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 311.65 350.63 Td (th) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.70 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.41 346.10 Td (day ) Tj ET Q q 0 0 0 rg BT 336.55 346.10 Td (following ) Tj ET Q q 0 0 0 rg BT 378.14 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.06 346.10 Td (day ) Tj ET Q q 0 0 0 rg BT 410.20 346.10 Td (on ) Tj ET Q q 0 0 0 rg BT 422.91 346.10 Td (which ) Tj ET Q q 0 0 0 rg BT 450.05 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.97 346.10 Td (public ) Tj ET Q q 0 0 0 rg BT 492.67 346.10 Td (announcement ) Tj ET Q q 0 0 0 rg BT 553.68 346.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.77 334.10 Td (date ) Tj ET Q q 0 0 0 rg BT 83.97 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.86 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.62 334.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 138.83 334.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 173.59 334.10 Td (is ) Tj ET Q q 0 0 0 rg BT 182.81 334.10 Td (first ) Tj ET Q q 0 0 0 rg BT 201.47 334.10 Td (made ) Tj ET Q q 0 0 0 rg BT 225.68 334.10 Td (by ) Tj ET Q q 0 0 0 rg BT 238.23 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.00 334.10 Td (Company) Tj ET Q q 0 0 0 rg BT 291.24 334.10 Td (. ) Tj ET Q q 0 0 0 rg BT 296.10 334.10 Td (T) Tj ET Q q 0 0 0 rg BT 301.51 334.10 Td (o ) Tj ET Q q 0 0 0 rg BT 309.07 334.10 Td (be ) Tj ET Q q 0 0 0 rg BT 321.06 334.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 349.16 334.10 Td (in ) Tj ET Q q 0 0 0 rg BT 359.49 334.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 405.91 334.10 Td (with ) Tj ET Q q 0 0 0 rg BT 426.24 334.10 Td (a ) Tj ET Q q 0 0 0 rg BT 433.23 334.10 Td (special ) Tj ET Q q 0 0 0 rg BT 463.55 334.10 Td (meeting, ) Tj ET Q q 0 0 0 rg BT 500.81 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.58 334.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 542.56 334.10 Td (must ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.72 322.10 Td (received ) Tj ET Q q 0 0 0 rg BT 97.87 322.10 Td (no ) Tj ET Q q 0 0 0 rg BT 110.15 322.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 137.97 322.10 Td (than ) Tj ET Q q 0 0 0 rg BT 157.47 322.10 Td (120 ) Tj ET Q q 0 0 0 rg BT 174.75 322.10 Td (days ) Tj ET Q q 0 0 0 rg BT 195.37 322.10 Td (before ) Tj ET Q q 0 0 0 rg BT 223.19 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.69 322.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 272.19 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.91 322.10 Td (no ) Tj ET Q q 0 0 0 rg BT 301.19 322.10 Td (later ) Tj ET Q q 0 0 0 rg BT 321.24 322.10 Td (than ) Tj ET Q q 0 0 0 rg BT 340.74 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.24 322.10 Td (later ) Tj ET Q q 0 0 0 rg BT 375.29 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.91 322.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 397.63 322.10 Td (90 ) Tj ET Q q 0 0 0 rg BT 409.91 322.10 Td (days ) Tj ET Q q 0 0 0 rg BT 430.53 322.10 Td (before ) Tj ET Q q 0 0 0 rg BT 458.35 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.85 322.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 507.35 322.10 Td (or ) Tj ET Q q 0 0 0 rg BT 517.96 322.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 532.46 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.96 322.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 556.96 326.63 Td (th) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (day ) Tj ET Q q 0 0 0 rg BT 67.41 310.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.27 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.46 310.10 Td (day ) Tj ET Q q 0 0 0 rg BT 141.87 310.10 Td (on ) Tj ET Q q 0 0 0 rg BT 154.84 310.10 Td (which ) Tj ET Q q 0 0 0 rg BT 182.25 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.44 310.10 Td (public ) Tj ET Q q 0 0 0 rg BT 225.41 310.10 Td (announcement ) Tj ET Q q 0 0 0 rg BT 286.70 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.00 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.19 310.10 Td (date ) Tj ET Q q 0 0 0 rg BT 332.82 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.12 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.31 310.10 Td (special ) Tj ET Q q 0 0 0 rg BT 390.04 310.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 425.23 310.10 Td (is ) Tj ET Q q 0 0 0 rg BT 434.87 310.10 Td (first ) Tj ET Q q 0 0 0 rg BT 453.95 310.10 Td (made ) Tj ET Q q 0 0 0 rg BT 478.58 310.10 Td (by ) Tj ET Q q 0 0 0 rg BT 491.55 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.74 310.10 Td (Company) Tj ET Q q 0 0 0 rg BT 544.98 310.10 Td (. ) Tj ET Q q 0 0 0 rg BT 549.80 310.10 Td (An ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (adjournment ) Tj ET Q q 0 0 0 rg BT 102.51 298.10 Td (or ) Tj ET Q q 0 0 0 rg BT 112.81 298.10 Td (postponement ) Tj ET Q q 0 0 0 rg BT 170.88 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.18 298.10 Td (an ) Tj ET Q q 0 0 0 rg BT 192.58 298.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 221.21 298.10 Td (or ) Tj ET Q q 0 0 0 rg BT 231.50 298.10 Td (special ) Tj ET Q q 0 0 0 rg BT 261.24 298.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 295.42 298.10 Td (does ) Tj ET Q q 0 0 0 rg BT 315.71 298.10 Td (not ) Tj ET Q q 0 0 0 rg BT 330.46 298.10 Td (commence ) Tj ET Q q 0 0 0 rg BT 375.74 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 382.14 298.10 Td (new ) Tj ET Q q 0 0 0 rg BT 400.77 298.10 Td (time ) Tj ET Q q 0 0 0 rg BT 420.51 298.10 Td (period ) Tj ET Q q 0 0 0 rg BT 448.03 298.10 Td (for ) Tj ET Q q 0 0 0 rg BT 461.66 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.84 298.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 503.36 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.66 298.10 Td (notice. ) Tj ET Q q 0 0 0 rg BT 542.42 298.10 Td (W) Tj ET Q q 0 0 0 rg BT 551.46 298.10 Td (ith ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 81.82 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.11 286.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 143.27 286.10 Td (nominations ) Tj ET Q q 0 0 0 rg BT 196.22 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.06 286.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 246.55 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.50 286.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 314.66 286.10 Td (proposals ) Tj ET Q q 0 0 0 rg BT 356.50 286.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 390.55 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 401.83 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.56 286.10 Td (removal ) Tj ET Q q 0 0 0 rg BT 453.83 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.67 286.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 506.66 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.94 286.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 554.22 286.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (complying ) Tj ET Q q 0 0 0 rg BT 95.45 274.10 Td (with ) Tj ET Q q 0 0 0 rg BT 115.90 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.79 274.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 177.33 274.10 Td (set ) Tj ET Q q 0 0 0 rg BT 191.12 274.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 213.23 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.68 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.58 274.10 Td (Bylaws, ) Tj ET Q q 0 0 0 rg BT 273.75 274.10 Td (a ) Tj ET Q q 0 0 0 rg BT 280.86 274.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 330.19 274.10 Td (who ) Tj ET Q q 0 0 0 rg BT 350.09 274.10 Td (wishes ) Tj ET Q q 0 0 0 rg BT 379.99 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.44 274.10 Td (include ) Tj ET Q q 0 0 0 rg BT 422.55 274.10 Td (such ) Tj ET Q q 0 0 0 rg BT 443.55 274.10 Td (business ) Tj ET Q q 0 0 0 rg BT 480.12 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.57 274.10 Td (a ) Tj ET Q q 0 0 0 rg BT 497.69 274.10 Td (proxy ) Tj ET Q q 0 0 0 rg BT 523.69 274.10 Td (statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 88.11 262.10 Td (by ) Tj ET Q q 0 0 0 rg BT 101.25 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.61 262.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 158.63 262.10 Td (must ) Tj ET Q q 0 0 0 rg BT 181.22 262.10 Td (also ) Tj ET Q q 0 0 0 rg BT 200.47 262.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 233.60 262.10 Td (with ) Tj ET Q q 0 0 0 rg BT 254.52 262.10 Td (Rule ) Tj ET Q q 0 0 0 rg BT 276.54 262.10 Td (14a-8 ) Tj ET Q q 0 0 0 rg BT 302.45 262.10 Td (under ) Tj ET Q q 0 0 0 rg BT 328.36 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.71 262.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 385.58 262.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 405.66 262.10 Td (as ) Tj ET Q q 0 0 0 rg BT 417.13 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.48 262.10 Td (same ) Tj ET Q q 0 0 0 rg BT 456.17 262.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 482.09 262.10 Td (or ) Tj ET Q q 0 0 0 rg BT 493.56 262.10 Td (may ) Tj ET Q q 0 0 0 rg BT 513.91 262.10 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 552.57 262.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 88.59 250.10 Td (or ) Tj ET Q q 0 0 0 rg BT 99.42 250.10 Td (any ) Tj ET Q q 0 0 0 rg BT 116.36 250.10 Td (other ) Tj ET Q q 0 0 0 rg BT 139.41 250.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 183.00 250.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 203.83 250.10 Td (as ) Tj ET Q q 0 0 0 rg BT 214.66 250.10 Td (presently ) Tj ET Q q 0 0 0 rg BT 253.81 250.10 Td (or ) Tj ET Q q 0 0 0 rg BT 264.64 250.10 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 302.67 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.94 250.10 Td (ef) Tj ET Q q 0 0 0 rg BT 320.53 250.10 Td (fect.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (Bylaw ) Tj ET Q q 0 0 0 rg BT 77.31 226.10 Td (Amendments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 202.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.97 202.10 Td (Company) Tj ET Q q 0 0 0 rg BT 145.64 202.10 Td (s ) Tj ET Q q 0 0 0 rg BT 151.95 202.10 Td (Bylaws ) Tj ET Q q 0 0 0 rg BT 184.38 202.10 Td (require ) Tj ET Q q 0 0 0 rg BT 215.12 202.10 Td (that ) Tj ET Q q 0 0 0 rg BT 232.54 202.10 Td (any ) Tj ET Q q 0 0 0 rg BT 249.40 202.10 Td (action ) Tj ET Q q 0 0 0 rg BT 276.26 202.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 300.34 202.10 Td (by ) Tj ET Q q 0 0 0 rg BT 312.76 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.40 202.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 354.26 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.47 202.10 Td (alter) Tj ET Q q 0 0 0 rg BT 381.83 202.10 Td (, ) Tj ET Q q 0 0 0 rg BT 386.75 202.10 Td (amend ) Tj ET Q q 0 0 0 rg BT 415.83 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 426.59 202.10 Td (repeal ) Tj ET Q q 0 0 0 rg BT 453.44 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.08 202.10 Td (Bylaws ) Tj ET Q q 0 0 0 rg BT 500.50 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 511.26 202.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 545.34 202.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (Bylaws ) Tj ET Q q 0 0 0 rg BT 83.31 190.10 Td (be ) Tj ET Q q 0 0 0 rg BT 96.06 190.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 136.58 190.10 Td (by ) Tj ET Q q 0 0 0 rg BT 149.89 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.42 190.10 Td (af) Tj ET Q q 0 0 0 rg BT 173.01 190.10 Td (firmative ) Tj ET Q q 0 0 0 rg BT 212.97 190.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 233.50 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.14 190.10 Td (at ) Tj ET Q q 0 0 0 rg BT 255.67 190.10 Td (least ) Tj ET Q q 0 0 0 rg BT 277.31 190.10 Td (80% ) Tj ET Q q 0 0 0 rg BT 298.95 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.59 190.10 Td (all ) Tj ET Q q 0 0 0 rg BT 323.90 190.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 362.20 190.10 Td (then ) Tj ET Q q 0 0 0 rg BT 382.73 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.82 190.10 Td (of) Tj ET Q q 0 0 0 rg BT 401.97 190.10 Td (fice, ) Tj ET Q q 0 0 0 rg BT 422.76 190.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 454.40 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.49 190.10 Td (repeal ) Tj ET Q q 0 0 0 rg BT 493.23 190.10 Td (or ) Tj ET Q q 0 0 0 rg BT 504.87 190.10 Td (change ) Tj ET Q q 0 0 0 rg BT 536.50 190.10 Td (by ) Tj ET Q q 0 0 0 rg BT 549.81 190.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 178.10 Td (firmative ) Tj ET Q q 0 0 0 rg BT 96.05 178.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 115.09 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.23 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.27 178.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 170.52 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.67 178.10 Td (at ) Tj ET Q q 0 0 0 rg BT 189.70 178.10 Td (least ) Tj ET Q q 0 0 0 rg BT 209.84 178.10 Td (80% ) Tj ET Q q 0 0 0 rg BT 229.99 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.14 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.17 178.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 281.54 178.10 Td (power ) Tj ET Q q 0 0 0 rg BT 308.35 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.50 178.10 Td (all ) Tj ET Q q 0 0 0 rg BT 330.31 178.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 378.79 178.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 405.60 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.74 178.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 444.21 178.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 467.13 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.28 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.31 178.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 532.02 178.10 Td (entitled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 166.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 80.00 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 90.27 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.99 166.10 Td (election ) Tj ET Q q 0 0 0 rg BT 139.14 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.97 166.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 189.96 166.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 218.01 166.10 Td (together ) Tj ET Q q 0 0 0 rg BT 253.28 166.10 Td (as ) Tj ET Q q 0 0 0 rg BT 264.11 166.10 Td (a ) Tj ET Q q 0 0 0 rg BT 271.04 166.10 Td (single ) Tj ET Q q 0 0 0 rg BT 297.43 166.10 Td (class. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (Special ) Tj ET Q q 0 0 0 rg BT 81.93 142.10 Td (Meetings ) Tj ET Q q 0 0 0 rg BT 121.09 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.37 142.10 Td (Stockholders ) Tj ET Q q 0 0 0 rg BT 185.52 142.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 118.10 Td (Special ) Tj ET Q q 0 0 0 rg BT 117.30 118.10 Td (meetings ) Tj ET Q q 0 0 0 rg BT 155.26 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.45 118.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 217.86 118.10 Td (may ) Tj ET Q q 0 0 0 rg BT 236.94 118.10 Td (be ) Tj ET Q q 0 0 0 rg BT 248.24 118.10 Td (called ) Tj ET Q q 0 0 0 rg BT 273.97 118.10 Td (only ) Tj ET Q q 0 0 0 rg BT 293.61 118.10 Td (by ) Tj ET Q q 0 0 0 rg BT 305.48 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.55 118.10 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 360.85 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.04 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.12 118.10 Td (Board, ) Tj ET Q q 0 0 0 rg BT 413.92 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.00 118.10 Td (President, ) Tj ET Q q 0 0 0 rg BT 469.58 118.10 Td (at ) Tj ET Q q 0 0 0 rg BT 478.66 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.74 118.10 Td (request ) Tj ET Q q 0 0 0 rg BT 523.47 118.10 Td (in ) Tj ET Q q 0 0 0 rg BT 533.11 118.10 Td (writing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.64 106.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.38 106.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 103.57 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.21 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.73 106.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 155.47 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.11 106.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 205.62 106.10 Td (or ) Tj ET Q q 0 0 0 rg BT 216.26 106.10 Td (on ) Tj ET Q q 0 0 0 rg BT 228.56 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.09 106.10 Td (written ) Tj ET Q q 0 0 0 rg BT 273.72 106.10 Td (request ) Tj ET Q q 0 0 0 rg BT 304.90 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.54 106.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 347.28 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.92 106.10 Td (at ) Tj ET Q q 0 0 0 rg BT 367.44 106.10 Td (least ) Tj ET Q q 0 0 0 rg BT 388.07 106.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 408.71 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.35 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.87 106.10 Td (total ) Tj ET Q q 0 0 0 rg BT 453.95 106.10 Td (number ) Tj ET Q q 0 0 0 rg BT 486.80 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.44 106.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 524.73 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 535.37 106.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.61 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.44 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.16 94.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 140.54 94.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 168.04 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.98 94.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 234.15 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.08 94.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 283.57 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.85 94.10 Td (vote.) Tj ET Q endstream endobj 203 0 obj <> endobj 204 0 obj <> stream BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 81.93 742.10 Td (203 ) Tj ET Q q 0 0 0 rg BT 99.43 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.71 742.10 Td (DGCL) Tj ET Q q 0 0 0 rg BT 136.21 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 105.05 718.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 147.44 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 157.61 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 165.55 718.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 207.35 718.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 256.95 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.89 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 285.06 718.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 316.88 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.16 718.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 361.66 718.10 Td (203 ) Tj ET Q q 0 0 0 rg BT 380.16 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.99 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.71 718.10 Td (DGCL. ) Tj ET Q q 0 0 0 rg BT 440.93 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 444.43 718.10 Td (In ) Tj ET Q q 0 0 0 rg BT 456.26 718.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 491.69 718.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 523.51 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.79 718.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (exceptions, ) Tj ET Q q 0 0 0 rg BT 99.65 706.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 134.03 706.10 Td (203 ) Tj ET Q q 0 0 0 rg BT 153.41 706.10 Td (prohibits ) Tj ET Q q 0 0 0 rg BT 193.35 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.17 706.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 244.86 706.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 295.34 706.10 Td (from ) Tj ET Q q 0 0 0 rg BT 319.16 706.10 Td (engaging ) Tj ET Q q 0 0 0 rg BT 360.20 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 372.36 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 381.18 706.10 Td (business ) Tj ET Q q 0 0 0 rg BT 423.89 706.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 482.71 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 504.87 706.10 Td (an ) Tj ET Q q 0 0 0 rg BT 518.69 706.10 Td (interested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 103.23 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 117.03 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 123.61 694.10 Td (period ) Tj ET Q q 0 0 0 rg BT 151.29 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.76 694.10 Td (three ) Tj ET Q q 0 0 0 rg BT 183.89 694.10 Td (years ) Tj ET Q q 0 0 0 rg BT 207.12 694.10 Td (following ) Tj ET Q q 0 0 0 rg BT 248.15 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.50 694.10 Td (date ) Tj ET Q q 0 0 0 rg BT 281.30 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 298.43 694.10 Td (such ) Tj ET Q q 0 0 0 rg BT 318.90 694.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 367.70 694.10 Td (became ) Tj ET Q q 0 0 0 rg BT 400.37 694.10 Td (an ) Tj ET Q q 0 0 0 rg BT 411.94 694.10 Td (interested ) Tj ET Q q 0 0 0 rg BT 452.95 694.10 Td (stockholder) Tj ET Q q 0 0 0 rg BT 499.21 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 503.85 694.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 530.99 694.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 542.56 694.10 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.29 682.10 Td (such ) Tj ET Q q 0 0 0 rg BT 81.13 682.10 Td (date ) Tj ET Q q 0 0 0 rg BT 100.30 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.03 682.10 Td (board ) Tj ET Q q 0 0 0 rg BT 140.31 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.15 682.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 188.64 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.48 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.21 682.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 262.82 682.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 302.54 682.10 Td (either ) Tj ET Q q 0 0 0 rg BT 327.81 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.54 682.10 Td (business ) Tj ET Q q 0 0 0 rg BT 378.94 682.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 431.44 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 442.28 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.01 682.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 503.40 682.10 Td (which ) Tj ET Q q 0 0 0 rg BT 530.35 682.10 Td (resulted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.13 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 72.70 670.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 120.71 670.10 Td (becoming ) Tj ET Q q 0 0 0 rg BT 161.50 670.10 Td (an ) Tj ET Q q 0 0 0 rg BT 172.29 670.10 Td (interested ) Tj ET Q q 0 0 0 rg BT 212.52 670.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 260.53 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 270.21 670.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 283.78 670.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 305.14 670.10 Td (consummation ) Tj ET Q q 0 0 0 rg BT 365.37 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.06 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.63 670.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 433.85 670.10 Td (which ) Tj ET Q q 0 0 0 rg BT 459.65 670.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 492.66 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 501.79 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.36 670.10 Td (stockholder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (becoming ) Tj ET Q q 0 0 0 rg BT 90.92 658.10 Td (an ) Tj ET Q q 0 0 0 rg BT 101.84 658.10 Td (interested ) Tj ET Q q 0 0 0 rg BT 142.20 658.10 Td (stockholder) Tj ET Q q 0 0 0 rg BT 188.45 658.10 Td (, ) Tj ET Q q 0 0 0 rg BT 192.44 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.14 658.10 Td (interested ) Tj ET Q q 0 0 0 rg BT 246.49 658.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 294.63 658.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 322.78 658.10 Td (at ) Tj ET Q q 0 0 0 rg BT 331.48 658.10 Td (least ) Tj ET Q q 0 0 0 rg BT 351.29 658.10 Td (85% ) Tj ET Q q 0 0 0 rg BT 371.10 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.92 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.62 658.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 421.66 658.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 444.25 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.07 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.77 658.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 515.35 658.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (at ) Tj ET Q q 0 0 0 rg BT 60.45 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.90 646.10 Td (time ) Tj ET Q q 0 0 0 rg BT 96.90 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.35 646.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 159.45 646.10 Td (commenced ) Tj ET Q q 0 0 0 rg BT 211.00 646.10 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 256.99 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 271.88 646.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 310.67 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.23 646.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 373.78 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.23 646.10 Td (number ) Tj ET Q q 0 0 0 rg BT 423.00 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.57 646.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 462.79 646.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 512.68 646.10 Td (those ) Tj ET Q q 0 0 0 rg BT 537.02 646.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 79.67 634.10 Td (by ) Tj ET Q q 0 0 0 rg BT 92.67 634.10 Td (\(x\) ) Tj ET Q q 0 0 0 rg BT 107.34 634.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 140.89 634.10 Td (who ) Tj ET Q q 0 0 0 rg BT 161.12 634.10 Td (are ) Tj ET Q q 0 0 0 rg BT 176.33 634.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 214.32 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.77 634.10 Td (also ) Tj ET Q q 0 0 0 rg BT 250.88 634.10 Td (of) Tj ET Q q 0 0 0 rg BT 259.03 634.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 284.24 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.69 634.10 Td (\(y\) ) Tj ET Q q 0 0 0 rg BT 316.35 634.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 358.23 634.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 382.34 634.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 406.46 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 417.24 634.10 Td (which ) Tj ET Q q 0 0 0 rg BT 444.69 634.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 486.56 634.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 536.22 634.10 Td (do ) Tj ET Q q 0 0 0 rg BT 549.22 634.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (have ) Tj ET Q q 0 0 0 rg BT 71.31 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.95 622.10 Td (right ) Tj ET Q q 0 0 0 rg BT 107.27 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 117.47 622.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 159.88 622.10 Td (confidentially ) Tj ET Q q 0 0 0 rg BT 217.85 622.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 252.48 622.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 279.90 622.10 Td (held ) Tj ET Q q 0 0 0 rg BT 299.54 622.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 330.30 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.50 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.15 622.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 374.79 622.10 Td (will ) Tj ET Q q 0 0 0 rg BT 392.78 622.10 Td (be ) Tj ET Q q 0 0 0 rg BT 404.65 622.10 Td (tendered ) Tj ET Q q 0 0 0 rg BT 441.50 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.70 622.10 Td (a ) Tj ET Q q 0 0 0 rg BT 458.57 622.10 Td (tender ) Tj ET Q q 0 0 0 rg BT 485.98 622.10 Td (or ) Tj ET Q q 0 0 0 rg BT 496.74 622.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 536.93 622.10 Td (of) Tj ET Q q 0 0 0 rg BT 545.07 622.10 Td (fer\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 610.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 78.32 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 90.81 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 101.64 610.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 148.58 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.85 610.10 Td (such ) Tj ET Q q 0 0 0 rg BT 179.68 610.10 Td (date ) Tj ET Q q 0 0 0 rg BT 198.83 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.54 610.10 Td (business ) Tj ET Q q 0 0 0 rg BT 249.93 610.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 302.42 610.10 Td (is ) Tj ET Q q 0 0 0 rg BT 311.58 610.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 351.29 610.10 Td (by ) Tj ET Q q 0 0 0 rg BT 363.79 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.50 610.10 Td (board ) Tj ET Q q 0 0 0 rg BT 403.76 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.59 610.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 452.07 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.01 610.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 513.71 610.10 Td (at ) Tj ET Q q 0 0 0 rg BT 523.42 610.10 Td (an ) Tj ET Q q 0 0 0 rg BT 535.35 610.10 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.25 598.10 Td (special ) Tj ET Q q 0 0 0 rg BT 89.94 598.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 124.08 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.33 598.10 Td (stockholders, ) Tj ET Q q 0 0 0 rg BT 189.30 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.66 598.10 Td (not ) Tj ET Q q 0 0 0 rg BT 220.37 598.10 Td (by ) Tj ET Q q 0 0 0 rg BT 232.29 598.10 Td (written ) Tj ET Q q 0 0 0 rg BT 262.54 598.10 Td (consent, ) Tj ET Q q 0 0 0 rg BT 297.51 598.10 Td (by ) Tj ET Q q 0 0 0 rg BT 309.43 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.57 598.10 Td (af) Tj ET Q q 0 0 0 rg BT 331.16 598.10 Td (firmative ) Tj ET Q q 0 0 0 rg BT 369.74 598.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 388.88 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.13 598.10 Td (at ) Tj ET Q q 0 0 0 rg BT 408.27 598.10 Td (least ) Tj ET Q q 0 0 0 rg BT 428.52 598.10 Td (66 ) Tj ET Q q 0 0 0 rg BT 440.44 598.10 Td (2/3% ) Tj ET Q q 0 0 0 rg BT 463.48 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.73 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.87 598.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 536.46 598.10 Td (voting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.25 586.10 Td (which ) Tj ET Q q 0 0 0 rg BT 99.83 586.10 Td (is ) Tj ET Q q 0 0 0 rg BT 108.64 586.10 Td (not ) Tj ET Q q 0 0 0 rg BT 123.56 586.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 152.36 586.10 Td (by ) Tj ET Q q 0 0 0 rg BT 164.50 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.85 586.10 Td (interested ) Tj ET Q q 0 0 0 rg BT 219.87 586.10 Td (stockholder) Tj ET Q q 0 0 0 rg BT 265.97 586.10 Td (. ) Tj ET Q q 0 0 0 rg BT 270.61 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.75 586.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 304.88 586.10 Td (203 ) Tj ET Q q 0 0 0 rg BT 322.02 586.10 Td (defines ) Tj ET Q q 0 0 0 rg BT 353.04 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 359.62 586.10 Td (business ) Tj ET Q q 0 0 0 rg BT 400.09 586.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 456.66 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.58 586.10 Td (include ) Tj ET Q q 0 0 0 rg BT 498.15 586.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 527.49 586.10 Td (mer) Tj ET Q q 0 0 0 rg BT 542.86 586.10 Td (gers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 110.09 574.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 133.23 574.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 156.38 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.52 574.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 199.34 574.10 Td (issuances ) Tj ET Q q 0 0 0 rg BT 240.81 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.96 574.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 289.86 574.10 Td (other ) Tj ET Q q 0 0 0 rg BT 314.12 574.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 365.59 574.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 404.29 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.77 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 423.92 574.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 462.60 574.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 494.07 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.56 574.10 Td (an ) Tj ET Q q 0 0 0 rg BT 518.70 574.10 Td (interested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (stockholder) Tj ET Q q 0 0 0 rg BT 96.10 562.10 Td (. ) Tj ET Q q 0 0 0 rg BT 106.04 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 109.05 562.10 Td (In ) Tj ET Q q 0 0 0 rg BT 120.38 562.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 158.65 562.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 191.65 562.10 Td (203 ) Tj ET Q q 0 0 0 rg BT 209.65 562.10 Td (defines ) Tj ET Q q 0 0 0 rg BT 241.53 562.10 Td (an ) Tj ET Q q 0 0 0 rg BT 253.97 562.10 Td (interested ) Tj ET Q q 0 0 0 rg BT 300.28 562.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 354.38 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.16 562.10 Td (include ) Tj ET Q q 0 0 0 rg BT 397.60 562.10 Td (any ) Tj ET Q q 0 0 0 rg BT 415.04 562.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 440.81 562.10 Td (or ) Tj ET Q q 0 0 0 rg BT 452.14 562.10 Td (person ) Tj ET Q q 0 0 0 rg BT 481.81 562.10 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 532.00 562.10 Td (owning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (15% ) Tj ET Q q 0 0 0 rg BT 70.83 550.10 Td (or ) Tj ET Q q 0 0 0 rg BT 81.66 550.10 Td (more ) Tj ET Q q 0 0 0 rg BT 104.71 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.54 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.25 550.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 179.42 550.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 207.48 550.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 231.08 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.91 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.63 550.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 305.22 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.16 550.10 Td (any ) Tj ET Q q 0 0 0 rg BT 339.10 550.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 364.38 550.10 Td (or ) Tj ET Q q 0 0 0 rg BT 375.21 550.10 Td (person ) Tj ET Q q 0 0 0 rg BT 404.37 550.10 Td (af) Tj ET Q q 0 0 0 rg BT 411.95 550.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 442.77 550.10 Td (with ) Tj ET Q q 0 0 0 rg BT 463.05 550.10 Td (such ) Tj ET Q q 0 0 0 rg BT 483.88 550.10 Td (an ) Tj ET Q q 0 0 0 rg BT 495.82 550.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 521.09 550.10 Td (or ) Tj ET Q q 0 0 0 rg BT 531.92 550.10 Td (person.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Limitation ) Tj ET Q q 0 0 0 rg BT 94.17 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.45 526.10 Td (Liability ) Tj ET Q q 0 0 0 rg BT 140.84 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.12 526.10 Td (Dir) Tj ET Q q 0 0 0 rg BT 164.64 526.10 Td (ectors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 502.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.29 502.10 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 149.24 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.32 502.10 Td (Incorporation ) Tj ET Q q 0 0 0 rg BT 217.49 502.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 257.44 502.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 294.63 502.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 314.87 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.40 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.36 502.10 Td (fullest ) Tj ET Q q 0 0 0 rg BT 368.10 502.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 395.29 502.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 436.35 502.10 Td (by ) Tj ET Q q 0 0 0 rg BT 449.10 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.07 502.10 Td (DGCL, ) Tj ET Q q 0 0 0 rg BT 496.54 502.10 Td (no ) Tj ET Q q 0 0 0 rg BT 509.29 502.10 Td (director ) Tj ET Q q 0 0 0 rg BT 543.13 502.10 Td (shall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.91 490.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 86.59 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.85 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.53 490.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 152.89 490.10 Td (or ) Tj ET Q q 0 0 0 rg BT 163.70 490.10 Td (its ) Tj ET Q q 0 0 0 rg BT 175.62 490.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 228.63 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 242.77 490.10 Td (monetary ) Tj ET Q q 0 0 0 rg BT 283.00 490.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 320.46 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 334.59 490.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 363.71 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.51 490.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 404.19 490.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 442.75 490.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 469.11 490.10 Td (as ) Tj ET Q q 0 0 0 rg BT 479.91 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 486.82 490.10 Td (director) Tj ET Q q 0 0 0 rg BT 517.37 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 522.34 490.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 549.80 490.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (DGCL, ) Tj ET Q q 0 0 0 rg BT 82.22 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 89.16 478.10 Td (director) Tj ET Q q 0 0 0 rg BT 120.63 478.10 Td () Tj ET Q q 0 0 0 rg BT 123.40 478.10 Td (s ) Tj ET Q q 0 0 0 rg BT 129.79 478.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 163.40 478.10 Td (may ) Tj ET Q q 0 0 0 rg BT 183.12 478.10 Td (not ) Tj ET Q q 0 0 0 rg BT 198.40 478.10 Td (be ) Tj ET Q q 0 0 0 rg BT 210.34 478.10 Td (eliminated:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 454.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 454.10 Td (for ) Tj ET Q q 0 0 0 rg BT 100.16 454.10 Td (any ) Tj ET Q q 0 0 0 rg BT 117.10 454.10 Td (breach\(es\) ) Tj ET Q q 0 0 0 rg BT 161.23 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.06 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.78 454.10 Td (director) Tj ET Q q 0 0 0 rg BT 218.25 454.10 Td () Tj ET Q q 0 0 0 rg BT 221.02 454.10 Td (s ) Tj ET Q q 0 0 0 rg BT 227.42 454.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 247.69 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.52 454.10 Td (loyalty ) Tj ET Q q 0 0 0 rg BT 288.80 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.08 454.10 Td (us ) Tj ET Q q 0 0 0 rg BT 310.47 454.10 Td (or ) Tj ET Q q 0 0 0 rg BT 321.30 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.58 454.10 Td (our ) Tj ET Q q 0 0 0 rg BT 347.41 454.10 Td (stockholders;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 442.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 442.10 Td (for ) Tj ET Q q 0 0 0 rg BT 100.16 442.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 118.21 442.10 Td (or ) Tj ET Q q 0 0 0 rg BT 129.04 442.10 Td (omissions ) Tj ET Q q 0 0 0 rg BT 171.55 442.10 Td (not ) Tj ET Q q 0 0 0 rg BT 186.83 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.10 442.10 Td (good ) Tj ET Q q 0 0 0 rg BT 219.60 442.10 Td (faith ) Tj ET Q q 0 0 0 rg BT 240.43 442.10 Td (or ) Tj ET Q q 0 0 0 rg BT 251.26 442.10 Td (that ) Tj ET Q q 0 0 0 rg BT 268.75 442.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 301.25 442.10 Td (intentional ) Tj ET Q q 0 0 0 rg BT 346.52 442.10 Td (misconduct ) Tj ET Q q 0 0 0 rg BT 395.12 442.10 Td (or ) Tj ET Q q 0 0 0 rg BT 405.95 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 412.89 442.10 Td (knowing ) Tj ET Q q 0 0 0 rg BT 450.39 442.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 488.44 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.27 442.10 Td (law;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 430.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 430.10 Td (for ) Tj ET Q q 0 0 0 rg BT 100.16 430.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 129.86 430.10 Td (unlawful ) Tj ET Q q 0 0 0 rg BT 167.91 430.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 205.40 430.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 246.23 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 257.06 430.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 280.67 430.10 Td (redemptions ) Tj ET Q q 0 0 0 rg BT 332.60 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 343.43 430.10 Td (repurchases; ) Tj ET Q q 0 0 0 rg BT 395.91 430.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 418.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 418.10 Td (for ) Tj ET Q q 0 0 0 rg BT 100.16 418.10 Td (any ) Tj ET Q q 0 0 0 rg BT 117.10 418.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 163.47 418.10 Td (from ) Tj ET Q q 0 0 0 rg BT 185.41 418.10 Td (which ) Tj ET Q q 0 0 0 rg BT 212.35 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.06 418.10 Td (director ) Tj ET Q q 0 0 0 rg BT 260.66 418.10 Td (derives ) Tj ET Q q 0 0 0 rg BT 292.04 418.10 Td (an ) Tj ET Q q 0 0 0 rg BT 303.97 418.10 Td (improper ) Tj ET Q q 0 0 0 rg BT 343.13 418.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 379.51 418.10 Td (benefit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 394.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.82 394.10 Td (ef) Tj ET Q q 0 0 0 rg BT 93.41 394.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 110.66 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.27 394.10 Td (this ) Tj ET Q q 0 0 0 rg BT 137.99 394.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 178.04 394.10 Td (is ) Tj ET Q q 0 0 0 rg BT 186.98 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.03 394.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 227.06 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.55 394.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 266.60 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.21 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.69 394.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 332.85 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.56 394.10 Td (its ) Tj ET Q q 0 0 0 rg BT 361.28 394.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 414.10 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.15 394.10 Td (recover ) Tj ET Q q 0 0 0 rg BT 456.40 394.10 Td (monetary ) Tj ET Q q 0 0 0 rg BT 496.44 394.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 533.69 394.10 Td (against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 382.10 Td (director ) Tj ET Q q 0 0 0 rg BT 90.53 382.10 Td (for ) Tj ET Q q 0 0 0 rg BT 104.69 382.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 133.84 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.67 382.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 174.37 382.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 212.96 382.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 239.35 382.10 Td (as ) Tj ET Q q 0 0 0 rg BT 250.18 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 257.12 382.10 Td (director) Tj ET Q q 0 0 0 rg BT 287.66 382.10 Td (.) Tj ET Q endstream endobj 205 0 obj <> endobj 206 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.35 742.25 Td (EXHIBIT) Tj ET Q q 0 0 0 rg BT 541.96 742.25 Td (21.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.95 718.25 Td (Subsidiaries of Fossil Gr) Tj ET Q q 0 0 0 rg BT 339.51 718.25 Td (oup,Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.55 706.25 Td (as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.77 706.25 Td (December) Tj ET Q q 0 0 0 rg BT 319.90 706.25 Td (28, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.40 706.25 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 99.5 661.75 m 162.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162.5 661.75 m 241.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 661.75 m 306.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 661.75 m 450.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 661.75 m 511.5 661.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 136.20 665.98 Td (Name of Subsidiary) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.55 674.98 Td (Place of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.00 665.98 Td (Incorporation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.35 665.98 Td (Par) Tj ET Q q 0 0 0 rg BT 364.64 665.98 Td (ent Company) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.95 674.98 Td (Per) Tj ET Q q 0 0 0 rg BT 482.79 674.98 Td (cent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.10 665.98 Td (Ownership) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 651.42 Td (Fossil Intermediate,Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.80 651.42 Td (Delaware) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.35 651.42 Td (Fossil Group,Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 651.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 636.42 Td (Fossil Stores I,Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.80 636.42 Td (Delaware) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.35 636.42 Td (Fossil Group,Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 636.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 621.42 Td (Fossil Canada,Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.00 621.42 Td (Canada) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.35 621.42 Td (Fossil Group,Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 621.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 596.42 Td (Fossil EuropeB.V) Tj ET Q q 0 0 0 rg BT 175.53 596.42 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.85 606.42 Td (the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.80 596.42 Td (Netherlands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.35 596.42 Td (Fossil Group,Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 596.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 581.42 Td (Fossil Japan, Inc) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.60 581.42 Td (Japan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.35 581.42 Td (Fossil Group,Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 581.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 566.42 Td (Fossil Holdings,LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.80 566.42 Td (Delaware) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.35 566.42 Td (Fossil Group,Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 566.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 551.42 Td (Fossil \(Gibraltar\)Ltd.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.95 551.42 Td (Gibraltar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.35 551.42 Td (Fossil Group,Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 551.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 536.42 Td (Fossil International) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 526.42 Td (Holdings,Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.80 526.42 Td (Delaware) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.35 526.42 Td (Fossil Group,Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 526.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 511.42 Td (Fossil \(East\) Limited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.50 511.42 Td (Hong Kong) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.35 511.42 Td (Fossil Group,Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 511.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 496.42 Td (Swiss ) Tj ET Q q 0 0 0 rg BT 127.75 496.42 Td (T) Tj ET Q q 0 0 0 rg BT 133.42 496.42 Td (echnology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 486.42 Td (HoldingGmbH) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.10 486.42 Td (Switzerland) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.35 486.42 Td (Fossil Group,Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 486.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 471.42 Td (Fossil ) Tj ET Q q 0 0 0 rg BT 128.31 471.42 Td (T) Tj ET Q q 0 0 0 rg BT 134.15 471.42 Td (rust) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.80 471.42 Td (Delaware) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.90 471.42 Td (Fossil Intermediate,Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 471.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 456.42 Td (Fossil HoldingsLLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 446.42 Td (Luxembour) Tj ET Q q 0 0 0 rg BT 148.56 446.42 Td (g, SCS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.25 446.42 Td (Luxembour) Tj ET Q q 0 0 0 rg BT 297.81 446.42 Td (g) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.35 446.42 Td (Fossil Group,Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 446.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 431.42 Td (Fossil Partners,L.P) Tj ET Q q 0 0 0 rg BT 179.79 431.42 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.40 431.42 Td (T) Tj ET Q q 0 0 0 rg BT 271.16 431.42 Td (exas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 431.42 Td (Fossil ) Tj ET Q q 0 0 0 rg BT 384.31 431.42 Td (T) Tj ET Q q 0 0 0 rg BT 390.15 431.42 Td (rust) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.00 431.42 Td (99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 406.42 Td (Fossil Mexico,S.A. de C.V) Tj ET Q q 0 0 0 rg BT 211.92 406.42 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.70 406.42 Td (Mexico) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.75 416.42 Td (Fossil International) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.00 406.42 Td (Holdings,Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 406.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 391.42 Td (Servicios Fossil Mexico,S.A. de) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 381.42 Td (C.V) Tj ET Q q 0 0 0 rg BT 117.75 381.42 Td (.) 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