MERGENT INDUSTRIAL. Tuesday, November 15, Volume 87 No. 11 NEWS REPORTS

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1 MERGENT INDUSTRIAL NEWS REPORTS Tuesday, November 15, 2016 Volume 87 No. 11 NOTICE Items in this issue will be listed online weekly and printed monthly. NEW COMPANY DESCRIPTIONS (For details on individual listings, see the News Section of this issue) Lite Access Technologies Inc NAME CHANGES (For details on individual listings, see the News Section of this issue) Demand Media Inc (to Leaf Group Ltd) MEO Australia Ltd (to Melbana Energy Ltd) A10 NETWORKS INC Total revenues , ,331 Cost & expenses , ,963 Operating income (19,740) (31,632) Interest expense Net before taxes (18,593) (32,181) Income taxes Net income (19,154) (32,678) Balance for common (19,154) (32,678) Primary $(0.29) $(0.53) Fully Diluted $(0.29) $(0.53) Full Diluted ,146 62,009 Year-end ,089 63,244 AAC HOLDINGS INC Total revenues , ,979 Cost & expenses , ,662 Deprec., depl. & amort ,769 4,937 Operating income ,380 Interest expense ,850 2,426 Other income (expense), net (87) 28 Net before taxes (5,323) 13,982 Income taxes (885) 5,003 Net income (4,438) 8,979 Balance for common (1,067) 10,045 Primary $(0.05) $0.47 Fully Diluted $(0.05) $0.46 Full Diluted ,607 21,652 Year-end ,706 22,407 ABBOTT LABORATORIES Cost & expenses ,854,000 12,707,000 Operating income ,237,000 2,052,000 Interest expense , ,000 Other income (expense), net (999,000) 287,000 Foreign currency (497,000) 63,000 Net before taxes ,000 2,353,000 Income taxes , ,000 Income contin. oper ,000 1,911,000 Income discont. oper ,000 1,745,000 Net income ,000 3,656,000 Primary $0.41 $2.43 Fully Diluted $0.40 $2.41 Full Diluted ,482,680 1,509,144 Year-end ,472,310 1,491,720 ABBVIE INC. Earnings, 9 mos. to Sep 30(Consol. $Millions): Net Sales ,842 16,459 Cost & expenses ,816 11,035 Operating income ,026 5,424 Interest income Interest expense Other income (expense), net (152) (25) Foreign currency (313) (191) Net before taxes ,886 4,721 Income taxes ,324 1,094 Net income ,562 3,627 Primary $2.79 $2.22 Fully Diluted $2.78 $2.21 Full Diluted ,633 1,635 Year-end ,625 1,635 AES CORP. Total revenues ,042,000 10,936,000 Cost & expenses ,413,000 8,949,000 Operating income , ,000 Interest income , ,000 Interest expense ,086, ,000 Other income (expense), net (476,000) (432,000) Gains or losses ,000 18,000 Equity earnings (25,000) (96,000) Foreign currency (16,000) 4,000 Net before taxes , ,000 Income taxes , ,000 Income contin. oper , ,000 Net income (84,000) 721,000 Primary $(0.28) $0.57 Fully Diluted $(0.28) $0.56 Full Diluted , ,000 Year-end , AGCO CORP. Net Sales ,316,500 5,508,300 Cost & expenses ,084,200 5,200,300 Operating income , ,800 Other income (expense), net (27,100) (17,200) Equity earnings (37,500) (42,300) Net before taxes , ,500 Income taxes ,900 66,100 Net income , ,700 Primary $1.20 $2.33 Fully Diluted $1.20 $2.33 Full Diluted ,000 87,800 Year-end ,264 85,863 AIR LEASE CORP Total revenues ,048, ,143 Cost & expenses , ,958 Operating income , ,725 Net before taxes , ,725 Income taxes ,898 95,233 Net income , ,492 Primary $2.70 $1.68 Fully Diluted $2.55 $1.60 Full Diluted , ,635 Year-end , ,581 ALBEMARLE CORP. Net Sales ,980,548 2,103,819 Cost & expenses ,489,349 1,911,722 Operating income , ,097 Other income (expense), net ,234 Equity earnings (44,790) (19,955) Net before taxes , ,138 Income taxes ,535 41,780 Income contin. oper , ,313 Net income , ,387 Primary $0.37 $1.45 Fully Diluted $0.37 $1.44 Full Diluted , ,205 Year-end , ALCOA CORPORATION Spin-Off Completed On Nov. 1, 2016, Arconic Inc. ("Arconic") completed the separation of its business into two independent, publicly traded companies (the "Separation"). Following the Separation, Co. held the Alumina and Primary Metals segments, the rolling mill at the Warrick, IN, operations and the 25.1% stake in the Ma aden Rolling Company in Saudi Arabia previously held by Arconic. Arconic retained the Global Rolled Products (other than the rolling mill at the Warrick, IN, operations and the 25.1% ownership stake in the Ma aden Rolling Company), Engineered Products and Solutions and Transportation and Construction Solutions segments. The Separation was effected by the distribution of 80.1% of the outstanding shares of Co. common stock to Arconic s shareholders (the "Distribution"). Arconic s shareholders of record as of the close of business on Oct. 20, 2016 (the "Record Date") received one share of Co. common stock for every three shares of Arconic s common stock held as of the Record Date. Arconic did not issue fractional shares of Co. common stock in the Distribution. Instead, each shareholder otherwise entitled to receive a fractional share of Co. common stock would receive cash in lieu of fractional shares. Arconic distributed approximately 146,159,428 shares of common stock of Co. in the Distribution and retained approximately 36,311,767 shares, or approximately 19.9%, of the common stock of Co. immediately following the Distribution. As a result of the Distribution, Co. became an independent public company trading under the symbol "AA" on the New York Stock Exchange, and Arconic traded under the symbol "ARNC" on the New York Stock Exchange. ALERE INC. Total revenues ,771,651,0001,840,031,000 Cost & expenses ,717,438,0001,692,915,000 Operating income ,213, ,116,000 Interest income ,586,000 3,662,000 Other income (expense), net (17,022,000) 235,000 Equity earnings (33,305,000)(10,320,000) Foreign currency (15,337,000) 589,000 Net before taxes (104,125,000) (6,656,000) Income taxes (47,979,000) (2,376,000) Income contin. oper (22,841,000) 6,040,000 Net income (22,841,000)222,817,000

2 1802 MERGENT INDUSTRIAL NEWS November 15, 2016 Balance for common (39,277,000)206,504,000 Primary $(0.45) $2.43 Fully Diluted $(0.45) $2.43 Full Diluted ,708,000 85,141,000 Year-end ,934, ALLETE INC. Total revenues ,105,800 Cost & expenses , ,200 Operating income , ,100 Interest expense ,000 49,000 Other income (expense), net ,800 17,500 Gains or losses Net before taxes , ,700 Income taxes ,700 27,000 Net income , ,700 Primary $2.25 $2.56 Fully Diluted $2.25 $2.55 Full Diluted ,400 48,100 Year-end ,500 49,000 ALLIANCE ONE INTERNATIONAL INC Earnings, 6 mos. to Sep 30(Consol. $000): Cost & expenses , ,757 Operating income ,170 23,378 Interest income ,042 2,648 Interest expense ,507 56,555 Equity earnings ,061 (3,136) Net before taxes (45,295) (30,529) Income taxes (204) 19,687 Net income (47,152) (47,080) Primary $(5.29) $(5.30) Fully Diluted $(5.29) $(5.30) Full Diluted ,914 8,873 Year-end ,716 9,678 AMERICAN AXLE & MANUFACTURING HOLDINGS INC Net Sales ,001,500 2,944,700 Cost & expenses ,690,300 2,673,700 Operating income , ,000 Interest expense ,200 74,700 Other income (expense), net ,000 10,900 Gains or losses ,600 2,000 Net before taxes , ,200 Income taxes ,800 36,500 Net income , ,700 Primary $2.48 $2.22 Fully Diluted $2.47 $2.21 Full Diluted ,800 76,300 Year-end ,473 76,047 AMERICAN CAMPUS COMMUNITIES INC Total revenues , ,183 Cost & expenses , ,901 Operating income , ,179 Other income (expense), net (5,238) (5,414) Gains or losses ,409 52,699 Net before taxes ,854 90,133 Income taxes , Net income ,819 89,201 Primary $0.57 $0.78 Fully Diluted $0.56 $0.77 Full Diluted , ,912 Year-end , ,329 AMERICAN CUMO MINING CORP Annual Report Consolidated Income Statement, Years Ended Jun. 30 (Can$): (revised) (revised) Interest expense & bank charges (99,767) (37,606) (5,205) Convertible note expense (802,159) (570,489) (218,144) Depreciation (1,423) (2,033) (1,967) Foreign exchange gain (loss) ,572 (2,070) (17,746) Salaries & management fees.... (209,520) (118,091) (582,291) Office & miscellaneous (75,088) (151,938) (104,876) Consulting & professional fees..... (193,008) (28,208) (694,737) Rent (61,932) (64,045) (57,536) Shareholder communications & regulatory (162,941) (289,080) (251,568) Share-based expense. (181,141) (260,394) (60,305) Travel & business development (24,505) (10,948) (27,398) Gain on sale of unproven mineral right interests ,000 16,790 69,249 Gain on dissolution of subsidiary , Transfer of AOCI from dissolved subsidiary , Impairment of unproven mineral right interests (10,841) Loss on sale of investments (17,242) (1,478,077) Writte off of reclamation bond (21,877) Other income ,160 Net earnings (loss) from continuing operations (3,462,159) Discontinued operations, net of tax (314,048) Net income (loss) before tax (1,728,611) (693,280) (3,776,207) Deferred income tax expense (201,146) (295,183)... Net income (loss).... (1,929,757) (988,463) (3,776,207) Weighted average ordinary shares outstanding - basic... 97,525,125 90,218,610 82,262,446 Weighted average ordinary shares outstanding - diluted ,525,125 90,218,610 82,262,446 Year end shares outstanding ,597,696 93,262,446 82,262,446 Basic earnings (loss) per share Can$(0.02) Can$(0.01) Can$(0.05) Diluted earnings (loss) per share Can$(0.02) Can$(0.01) Can$(0.05) 1 Reclassified to conform with 2016 presentation; 2 Reclassified to conform with 2015 presentation Consolidated Balance Sheet, Years Ended Jun. 30 (Can$): (revised) Cash & cash equivalents , ,243 Trade & other receivables ,378 6,454 Prepaid expenses ,015 4,000 Investments ,948 31,363 Total current assets , ,060 Reclamation bonds , ,272 Non-current deposit , Property, plant & equipment, cost , ,562 Total accumulated depreciation (172,242) (170,819) Property, plant & equipment ,320 4,743 Unproven mineral right interests ,671,430 20,063,033 Total assets ,494,067 20,704,108 Trade payables ,016, ,250 Payables due to related parties ,823 Trade & other payables ,016, ,073 Convertible notes , ,121 Promissory notes ,850 Total current liabilities ,240,823 1,474,044 Convertible notes ,278,147 2,678,620 Promissory notes ,422, ,700 Reclamation provision , ,272 Deferred income tax liability , ,183 Total liabilities ,615,751 5,496,819 Equity component of convertible notes , ,147 Common shares ,569,000 51,095,199 Share capital ,569,000 51,095,199 Share subscriptions receivable (10,000)... Equity reserve ,195,270 11,014,129 Retained earnings (accumulated deficit) (48,824,981) (46,895,224) Accumulated other comprehensive income (loss) (345,120) (300,962) Total equity ,878,316 15,207,289 Total equity & liabilities ,494,067 20,704,108 1 Reclassified to conform with 2016 presentation AMERICAN CUMO MINING CORP Auditor s Report Auditor s Report The following is an excerpt from the Report of the Independent Auditors, De Visser Gray LLP, as it appeared in Co. s 2016 Annual Report: "Opinion In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of American CuMo Mining Corporation as at June 30, 2016 and 2015 and its financial performance and its cash flows for the years then ended in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. Emphasis of Matter Without qualifying our opinion, we draw attention to Note 1 in the financial statements which describes conditions and matters that indicate the existence of a material uncertainty that may cast significant doubt about the ability of American CuMo Mining Corporation to continue as a going concern." AMERICAN HOMES 4 RENT Total revenues , ,989 Cost & expenses , ,061 Operating income (11,463) Other income (expense), net (4,885) 1,156 Gains or losses , Net income ,108 (36,601) Balance for common (35,933) (64,103) Primary $(0.15) $(0.30) Fully Diluted $(0.15) $(0.30) Full Diluted , ,461 Year-end , ,096 AMERICAN MIDSTREAM PARTNERS LP Acquisition Completed On Oct. 31, 2016, Co. s indirect wholly-owned subsidiary, D-Day Offshore Holdings, LLC ("D- Day"), acquired from Red Willow Offshore, LLC ("Red Willow"), (i) 1, Class A Units of Delta House FPS LLC ("FPS LLC") and (ii) Class A Units of Delta House Oil and Gas Lateral LLC ("Lateral LLC"), in exchange for a cash purchase price of approximately $13,250,000. Also on Oct. 31, 2016, Co. s indirect wholly-owned subsidiary, D-Day Offshore Holdings, LLC ("D-Day"), acquired from ILX Prospect Niedermeyer, LLC ("ILX Niedermeyer") i) Class A Units of FPS LLC and (ii) Class A Units of Lateral LLC, in exchange for a cash purchase price of approximately $1,050,000. Also on Oct. 31, 2016, Co. s indirect wholly-owned subsidiary, D-Day

3 November 15, 2016 MERGENT INDUSTRIAL NEWS 1803 Offshore Holdings, LLC ("D-Day"), acquired from ILX Prospect Diller, LLC ("ILX Diller") (i) Class A Units of FPS LLC and (ii) Class A Units of Lateral LLC, in exchange for a cash purchase price of approximately $2,290,000. Also on Oct. 31, 2016, Co. s indirect wholly-owned subsidiary, D-Day Offshore Holdings, LLC ("D-Day"), acquired from ILX Prospect Marmalard, LLC ("ILX Marmalard") (ii) Class A Units of Lateral LLC, in exchange for a cash purchase price of approximately $2,290,000. Also on Oct. 31, 2016, Co. s indirect whollyowned subsidiary, D-Day Offshore Holdings, LLC ("D-Day"), acquired from LLOG Bluewater Holdings, L.L.C. ("LLOG BW") i) 2, Class A Units of FPS LLC and (ii) Class A Units of Lateral LLC, in exchange for a cash purchase price of approximately $24,330,000. Also on Oct. 31, 2016, Co. s indirect wholly-owned subsidiary, D-Day Offshore Holdings, LLC ("D-Day"), acquired from Ridgewood Energy Investment Funds ("Ridgewood") (i) Class A Units of FPS LLC and (ii) Class A Units of Lateral LLC, in exchange for a cash purchase price of approximately $5,630,000. AMERICAN MIDSTREAM PARTNERS LP Total revenues , ,759 Cost & expenses , ,881 Operating income (14,023) 3,779 Interest expense ,535 9,719 Other income (expense), net ,983 1,265 Net before taxes (3,575) (4,675) Income taxes ,301 1,065 Income contin. oper (4,876) (5,740) Net income (4,876) (5,819) Primary $(0.91) $(1.02) Fully Diluted $(0.91) $(1.02) Full Diluted ,979 23,154 Year-end ,195 32,130 AMERICAN VANGUARD CORP. Net Sales ,645, ,574,000 Cost & expenses ,190, ,695,000 Operating income ,151,000 4,938,000 Equity earnings , ,000 Net before taxes ,151,000 4,938,000 Income taxes ,672, ,000 Net income ,170,000 3,400,000 Primary $0.31 $0.13 Fully Diluted $0.30 $0.12 Full Diluted ,385,000 29,208,000 Year-end ,356,589 29,173,176 AMETEK, INC. Net Sales ,867,134 2,986,312 Cost & expenses ,183,965 2,237,382 Operating income , ,886 Interest expense ,716 69,048 Other income (expense), net (10,108) (6,298) Net before taxes , ,540 Income taxes , ,522 Net income , ,018 Primary $1.73 $1.89 Fully Diluted $1.72 $1.87 Full Diluted , ,552 Year-end , ,883 AMPCO-PITTSBURGH CORP. Acquisition Completed On Nov. 1, 2016, Co. s whollyowned subsidiary, Ampco UES Sub, Inc., acquired all the outstanding equity of ASW Steel Inc. from CK Pearl Fund, Ltd., CK Pearl Fund LP, and White Oak Strategic Master Fund, L.P. for an aggregate consideration of $13,115,650, consisting of $3,500,000 in cash and $9,615,650 in the assumption of outstanding indebtedness. APACHE CORP Total revenues ,903,000 5,407,000 Cost & expenses ,476,000 9,740,000 Operating income (1,568,000) (6,825,000) Net before taxes (1,568,000) (6,825,000) Net income (1,130,000) (6,239,000) Balance for common (1,223,000) (6,337,000) Primary $(3.22) $(16.78) Fully Diluted $(3.22) $(16.78) Full Diluted , ,000 Year-end , APTARGROUP INC. Net Sales ,792,066 1,770,376 Cost & expenses ,430,948 1,409,550 Deprec., depl. & amort , ,664 Operating income , ,162 Interest income ,759 4,598 Interest expense ,547 25,446 Other income (expense), net (1,182) (3,487) Net before taxes , ,827 Income taxes ,187 76,925 Net income , ,902 Primary $2.48 $2.49 Fully Diluted $2.40 $2.41 Full Diluted ,989 64,609 Year-end ,600 62,400 ARC DOCUMENT SOLUTIONS, INC. Net Sales , ,126 Cost & expenses , ,795 Operating income (51,525) 28,025 Interest expense ,535 5,475 Other income (expense), net (102) (112) Net before taxes (56,162) 22,438 Income taxes (5,884) (71,766) Net income (50,278) 94,204 Primary $(1.10) $2.02 Fully Diluted $(1.10) $1.98 Full Diluted ,055 47,541 Year-end ,975 46,992 ARC LOGISTICS PARTNERS LP Total revenues ,983 56,750 Cost & expenses ,240 37,495 Operating income ,356 4,070 Interest expense ,234 4,631 Other income (expense), net Gains or losses ,439 7,510 Net before taxes ,563 6,958 Income taxes Net income ,462 6,849 Primary $0.58 $0.31 Fully Diluted $0.58 $0.31 Full Diluted ,189 9,701 Year-end ,296 13,168 ARCONIC INC Net Sales ,455,000 17,289,000 Cost & expenses ,937,000 15,389,000 Deprec., depl. & amort , ,000 Operating income , ,000 Other income (expense), net (25,000) (61,000) Gains or losses ,000 50,000 Net before taxes , ,000 Income taxes , ,000 Net income , ,000 Primary $0.60 $0.79 Fully Diluted $0.60 $0.78 Full Diluted , ,000 Year-end , ,710 ARCONIC INC Spin-Off Completed On Nov. 1, 2016, Co. completed the separation of its business into two independent, publicly traded companies (the "Separation"). Following the Separation, Alcoa Corp. ("Alcoa") held the Alumina and Primary Metals segments, the rolling mill at the Warrick, IN, operations and the 25.1% stake in the Ma aden Rolling Company in Saudi Arabia previously held by Co. Co. retained the Global Rolled Products (other than the rolling mill at the Warrick, IN, operations and the 25.1% ownership stake in the Ma aden Rolling Company), Engineered Products and Solutions and Transportation and Construction Solutions segments. The Separation was effected by the distribution of 80.1% of the outstanding shares of Alcoa common stock to Co. s shareholders (the "Distribution"). Co. s shareholders of record as of the close of business on Oct. 20, 2016 (the "Record Date") received one share of Alcoa common stock for every three shares of Co. s common stock held as of the Record Date. Co. did not issue fractional shares of Alcoa common stock in the Distribution. Instead, each shareholder otherwise entitled to receive a fractional share of Alcoa common stock would receive cash in lieu of fractional shares. Co. distributed approximately 146,159,428 shares of common stock of Alcoa in the Distribution and retained approximately 36,311,767 shares, or approximately 19.9%, of the common stock of Alcoa immediately following the Distribution. As a result of the Distribution, Alcoa became an independent public company trading under the symbol "AA" on the New York Stock Exchange, and Co. traded under the symbol "ARNC" on the New York Stock Exchange. ARES COMMERCIAL REAL ESTATE CORP Cost & expenses ,557 37,896 Operating income ,898 27,235 Net before taxes ,898 27,235 Income taxes (15) Income contin. oper ,730 27,250 Net income ,147 32,268 Balance for common ,271 25,408 Primary $1.13 $0.89 Fully Diluted $1.13 $0.89 Full Diluted ,537 28,593 Year-end , ARES MANAGEMENT LP Total revenues , ,923 Cost & expenses , ,418 Operating income ,457 71,916 Other income (expense), net ,956 (799) Gains or losses ,626 (27,985) Net before taxes ,457 71,916 Income taxes ,868 15,741 Net income ,589 56,175 Balance for common ,042 19,194 Primary $0.87 $0.23 Fully Diluted $0.86 $0.23 Full Diluted ,667 80,672 Year-end , ARISTA NETWORKS INC Total revenues , ,145 Cost & expenses , ,234 Operating income ,914 99,911 Other income (expense), net ,392 (38) Net before taxes ,088 97,467 Income taxes ,682 20,289 Net income ,406 77,178 Primary $1.82 $1.16 Fully Diluted $1.71 $1.07

4 1804 MERGENT INDUSTRIAL NEWS November 15, 2016 Full Diluted ,811 71,232 Year-end ,133 67,731 ASPEN AEROGELS INC Total revenues ,099 85,134 Cost & expenses ,609 93,053 Operating income (5,510) (7,919) Other income (expense), net (656) Net income (6,281) (8,055) Primary $(0.27) $(0.35) Fully Diluted $(0.27) $(0.35) Full Diluted ,114 23,018 Year-end ,367 23,107 ASSOCIATED CAPITAL GROUP INC Total revenues ,932 13,847 Cost & expenses ,296 22,276 Operating income (12,364) (8,429) Gains or losses ,770 (834) Net before taxes ,614 (7,944) Income taxes ,773 (3,154) Net income ,841 (4,790) Primary $0.26 $(0.17) Fully Diluted $0.26 $(0.17) Full Diluted ,194 25,337 Year-end ,361 25,444 AVANGRID INC Earnings, 9 mos. to Sep 30(Consol. $Millions): Total revenues ,527 3,214 Cost & expenses ,018 2,259 Deprec., depl. & amort Operating income Other income (expense), net Gains or losses (3) Net before taxes Income taxes Net income Primary $1.36 $0.68 Fully Diluted $1.36 $0.68 Full Diluted Year-end AVX CORP. Earnings, 6 mos. to Sep 30(Consol. $000): Net Sales , ,877 Cost & expenses , ,456 Operating income ,538 86,421 Interest income ,346 2,279 Other income (expense), net , Net before taxes ,332 89,431 Income taxes ,923 25,935 Net income ,409 63,496 Primary $0.34 $0.38 Fully Diluted $0.34 $0.38 Full Diluted , ,210 Year-end , ,839 B&G FOODS INC 10/01/16 10/03/15 Net Sales , ,067 Cost & expenses , ,418 Operating income , ,577 Interest expense ,535 33,873 Other income (expense), net (663) Net before taxes ,425 89,704 Income taxes ,568 31,574 Net income ,857 58,130 Primary $1.54 $1.04 Fully Diluted $1.54 $1.03 Full Diluted ,338 56,180 Year-end ,406 57,977 BABCOCK & WILCOX ENTERPRISES INC Total revenues ,198,279 1,254,617 Cost & expenses ,242,465 1,222,783 Operating income (44,186) 31,834 Interest income Interest expense , Other income (expense), net (1,436) Net before taxes (44,586) 30,145 Income taxes (790) 8,381 Income contin. oper (43,796) 21,764 Income discont. oper ,803 Net income (43,796) 24,567 Primary $(0.87) $0.45 Fully Diluted $(0.87) $0.45 Full Diluted ,613 53,716 Year-end ,093 53,564 BALL CORP Net Sales ,600,000 6,192,000 Cost & expenses ,018,000 5,504,000 Deprec., depl. & amort , ,000 Operating income , ,000 Interest expense , ,000 Equity earnings (6,000) (3,000) Net before taxes , ,000 Income taxes (191,000) 48,000 Net income , ,000 Primary $1.37 $1.64 Fully Diluted $1.35 $1.60 Full Diluted , ,141 Year-end , ,438 BALLANTYNE STRONG, INC. Interest Sale Completed On Nov. 4, 2016, Co. s wholly-owned subsidiary, Strong Westrex, Inc., sold its wholly-owned subsidiary, Strong Westrex (Beijing) Technology, Inc., to GABO Filter, Inc. for approximately $400,000, consisting of approximately $300,000 in cash and a promissory note for the remainder. BARRETT (BILL) CORP Total revenues , ,331 Cost & expenses , ,984 Operating income (77,575) (672,319) Other income (expense), net ,468 77,663 Net before taxes (121,101) (643,711) Income taxes (177,085) Net income (121,101) (466,626) Primary $(2.28) $(9.67) Fully Diluted $(2.28) $(9.67) Full Diluted ,082 48,280 Year-end ,201 49,962 BASIC ENERGY SERVICES INC Bankruptcy Proceedings On Nov. 2, 2016, Co. filed with the U.S. Bankruptcy Court a motion for entry of an order approving its key employee retention program (KERP) for certain key employees. The motion explains, "For the KERP to achieve an appropriate offset of the reduced compensation available to employees under the Prepetition Incentive Programs (as well as the Compensation Reductions), the Debtors created two subsets of KERP Participants: (i) 116 employees who would only be eligible for the Quarterly Bonus Program (the Non-LTIP KERP Participants ) and (ii) twenty (21) employees who would be eligible to receive bonuses under the Annual Bonus Plan, the Quarterly Bonus Program, and the LTIP (the LTIP KERP Participants ). All KERP Participants are eligible to receive a retention award (the Retention Award ) under the KERP payable in four equal installments if the employee remains with the Debtors during the Retention Period. The Non-LTIP KERP Participants Retention Award is between 20-40% of such employees base salaries. The LTIP KERP Participants Retention Award is made up of two components designed to offset a portion of the reduction in payments under both the Quarterly Bonus Program/Annual Bonus Plan and the LTIP: (x) one component is 75% of an amount that is 40-75% of such employees base salaries and (y) the second component is an amount equal to 50% of an amount that is % of such employees base salaries. The Retention Awards of two-thirds of the LTIP KERP Participants were further reduced by another 5% to 65%. Payments under the KERP are divided into four (4) equal installment payments (the KERP Installment Payments ). The total maximum amount of Retention Awards available under the KERP is $6,603,985, of which $3,287,617 has been distributed as of the date hereof (June 2016). On Nov. 15, 2016, the Debtors are scheduled to pay out $1,374,553 in Retention Awards to KERP Participants." The motion further explains, "The maximum cost of the KERP is approximately $6,633,000, yielding an average payout of $48,800 per KERP Participant. The KERP represents a reasonable expenditure to preserve and enhance morale and to minimize uncertainty and the potential loss of employees as a consequence of the Debtors restructuring efforts. Moreover, the scope of the KERP is fair and reasonable. In identifying KERP Participants, the Debtors senior management and human resources department undertook a careful process to address a particular need among their non-insider employees." The Court scheduled a Nov. 18, 2016 hearing to consider the KERP motion, with objections due by Nov. 10, BASIC ENERGY SERVICES INC Total revenues , ,564 Cost & expenses , ,672 Deprec., depl. & amort , ,488 Operating income (203,077) (237,596) Interest income Interest expense ,188 50,945 Other income (expense), net , Net before taxes (269,202) (288,075) Income taxes (3,883) (101,514) Net income (265,319) (186,561) Primary $(6.32) $(4.61) Fully Diluted $(6.32) $(4.61) Full Diluted ,958 40,459 Year-end ,758 42,613 BAXTER INTERNATIONAL INC. Net Sales ,518,000 7,365,000 Cost & expenses ,076,000 7,094,000 Operating income , ,000 Interest income ,000 Interest expense ,000 Other income (expense), net (113,000) (46,000) Invest. income ,387, Foreign currency ,000 92,000 Net before taxes ,675, ,000 Income taxes (51,000) 13,000 Income contin. oper ,726, ,000 Net income ,722, ,000 Primary $8.63 $1.40 Fully Diluted $8.55 $1.39 Full Diluted , ,000 Year-end , ,819 BEMIS CO INC Cost & expenses ,711,800 2,776,300 Operating income , ,400 Other income (expense), net ,100 4,800 Net before taxes , ,700 Income contin. oper , ,100 Net income , ,500 Primary $1.86 $1.88 Fully Diluted $1.84 $1.86

5 November 15, 2016 MERGENT INDUSTRIAL NEWS 1805 Full Diluted ,500 98,200 Year-end ,700 96,000 BIGLARI HOLDINGS INC. Total revenues ,087, ,227,000 Cost & expenses ,790, ,933,000 Deprec., depl. & amort ,271,000 18,876,000 Operating income ,562,000 24,046,000 Gains or losses ,602,000 22,710,000 Net before taxes ,562,000 24,046,000 Income taxes ,011,000 4,739,000 Net income ,551,000 19,307,000 Primary $23.26 $11.66 Fully Diluted $23.23 $11.65 Full Diluted ,228,935 1,657,786 Year-end ,066,965 2,066,691 BIOAMBER INC Cost & expenses ,435,346 30,015,540 Operating income (22,394,616)(29,242,880) Other income (expense), net ,398,608 (1,300,473) Net before taxes (16,303,711)(32,303,923) Income taxes ,379 15,272 Net income (16,322,090)(32,319,195) Primary $(0.43) $(1.23) Year-end ,836,983 25,857,671 BLACK STONE MINERALS LP Total revenues , ,884 Cost & expenses , ,802 Operating income ,448 (46,332) Other income (expense), net Net income ,474 (51,575) Balance for common ,050 (56,671) Primary $0.25 $(0.60) Fully Diluted $0.25 $(0.60) Full Diluted ,619 96,183 Year-end , ,243 BONANZA CREEK ENERGY, INC. Cost & expenses ,114, ,374,000 Operating income (80,687,000)(283,291,000) Interest expense ,216,000 42,779,000 Other income (expense), net ,011,000 (1,929,000) Gains or losses (11,724,000) 51,272,000 Net before taxes (131,616,000)(276,727,000) Income taxes (104,843,000) Net income (131,616,000)(171,884,000) Primary $(2.67) $(3.56) Fully Diluted $(2.67) $(3.56) Full Diluted ,244,000 47,485,000 Year-end ,690,054 49,767,839 BOSTON SCIENTIFIC CORP. Net Sales ,195,000 5,499,000 Cost & expenses ,480,000 5,194,000 Operating income ,000 (56,000) Interest expense , ,000 Other income (expense), net (4,000) (9,000) Gains or losses (35,000) (6,000) Foreign currency (10,000) (18,000) Net before taxes ,000 (312,000) Income taxes (135,000) (215,000) Net income ,000 (97,000) Primary $0.16 $(0.07) Fully Diluted $0.16 $(0.07) Full Diluted ,374,900 1,339,700 Year-end ,361,444 1,344,863 BOVIE MEDICAL CORP Net Sales ,133,000 21,226,000 Cost & expenses ,881,000 26,861,000 Operating income (2,748,000) (5,635,000) Other income (expense), net (555,000) 1,800,000 Net before taxes (3,428,000) (3,955,000) Income taxes ,000 Net income (3,428,000) (3,963,000) Balance for common (3,428,000) 9,771,000 Primary $(0.13) $0.42 Fully Diluted $(0.13) $0.31 Full Diluted ,059,000 26,346,000 Year-end ,142,218 27,051,172 BRAZIL RESOURCES INC Private Placement On Nov. 8, 2016, Co. announced that, further to its press releases dated Oct. 28 and Oct. 31, 2016, it has further increased the size of its previously announced private placement (the "Private Placement") from aggregate gross proceeds of C$6,000,000 to $9,000,000, or 3,600,000 units (the "Units") at a price of C$2.50 per Unit, as a result of strong interest received from existing and new investors. Co. announced that it has completed the initial tranche of the Private Placement and has issued 2,580,732 Units for gross proceeds of C$6,451,830 (the "Initial Tranche"). As previously disclosed, each Unit consists of one common share of Co. and one half of a common share purchase warrant, each such warrant entitling the holder thereof to acquire one common share of Co. at an exercise price of C$3.50 up to three years after the issuance thereof. BRIGHT HORIZONS FAMILY SOLUTIONS, INC Total revenues ,171,304 1,086,849 Cost & expenses ,000, ,151 Operating income , ,720 Interest income Interest expense ,554 30,831 Net before taxes , ,006 Income taxes ,760 35,997 Net income ,640 70,009 Primary $1.30 $1.14 Fully Diluted $1.27 $1.11 Full Diluted ,737 62,631 Year-end ,025 60,005 BROOKDALE SENIOR LIVING INC Total revenues ,768,112 3,724,906 Cost & expenses ,237,956 3,283,156 Operating income ,286 (156,333) Interest income ,239 1,208 Other income (expense), net , Net before taxes (130,089) (445,529) Income taxes ,947 (161,677) Net income (136,036) (283,852) Primary $(0.73) $(1.54) Fully Diluted $(0.73) $(1.54) Full Diluted , ,175 Year-end , ,203 CABLE ONE INC Total revenues , ,822 Cost & expenses , ,182 Deprec., depl. & amort , ,922 Operating income , ,718 Interest expense ,633 8,801 Other income (expense), net , Net before taxes , ,035 Income taxes ,598 39,079 Net income ,552 62,956 Primary $12.96 $10.76 Fully Diluted $12.91 $10.75 Full Diluted ,777 5,854 Year-end ,713 5,861 CACI INTERNATIONAL INC. Earnings, 3 mos. to Sep 30(Consol. $000): Total revenues ,073, ,442 Cost & expenses , ,124 Operating income ,658 64,507 Net before taxes ,169 55,325 Income taxes ,506 20,693 Net income ,663 34,632 Primary $1.51 $1.43 Fully Diluted $1.47 $1.40 Full Diluted ,928 24,721 Year-end , Consolidated Balance Sheet Items, as of ($000): Assets: 2016 Cash & equivalents ,668 Current assets ,700 Net property & equip ,602 Total assets ,912,209 Liabilities: Current liabilities ,104 Long-term debt ,344,716 Stockholders equity ,644,986 Net current assets ,596 CALGON CARBON CORP. Acquisition Completed On Nov. 2, 2016, Co. s wholly-owned subsidiaries, Chemviron France SAS, Calgon Carbon (Suzhou) Co., Ltd. and Chemviron SPRL, acquired the Activated Carbon and Filtration Media Business from CECA, S.A., Arkema S.r.l and Arkema Shanghai Distribution Co. Ltd. for $153,000,000 in cash, plus the assumption of $7,100,000 in unfunded pension liabilities. CALIFORNIA RESOURCES CORP Total revenues ,095,000 1,837,000 Cost & expenses ,188,000 1,517,000 Operating income ,000 (437,000) Other income (expense), net , Net before taxes ,000 (437,000) Income taxes (78,000) (165,000) Net income ,000 (272,000) Primary $8.97 $(7.10) Fully Diluted $8.79 $(7.10) Full Diluted ,500 38,300 Year-end ,217 38,784 CALLAWAY GOLF CO (DE) Net Sales , ,463 Cost & expenses , ,172 Operating income ,931 56,291 Interest income Interest expense ,949 7,849 Other income (expense), net (5,806) 1,208 Gains or losses , Net before taxes ,388 50,022 Income taxes ,632 5,002 Net income ,756 45,020 Balance for common ,629 45,020 Primary $0.71 $0.56 Fully Diluted $0.70 $0.53 Full Diluted ,687 94,614 Year-end ,113 89,923

6 1806 MERGENT INDUSTRIAL NEWS November 15, 2016 CALLON PETROLEUM CO. (DE) Total revenues , ,949 Cost & expenses , ,122 Deprec., depl. & amort ,318 52,395 Operating income (68,645) (90,568) Other income (expense), net Gains or losses (11,281) 17,463 Net before taxes (90,129) (88,495) Income taxes (62) 38,474 Net income (90,067) (126,969) Balance for common (95,538) (132,890) Primary $(0.85) $(2.10) Fully Diluted $(0.85) $(2.10) Full Diluted ,925 63,265 Year-end ,036 66,279 CAMBREX CORP Total revenues , ,139 Net Sales , ,482 Cost & expenses , ,283 Operating income ,660 59,856 Other income (expense), net (143) (126) Net before taxes ,160 58,263 Income taxes ,784 18,569 Income contin. oper ,376 39,694 Net income ,294 39,403 Primary $1.38 $1.26 Fully Diluted $1.35 $1.22 Full Diluted ,905 32,428 Year-end ,150 31,531 CATALENT INC Earnings, 3 mos. to Sep 30(Consol. $000): Total revenues , ,000 Cost & expenses , ,000 Operating income ,800 37,000 Interest expense ,100 22,700 Net before taxes ,800 13,700 Income taxes ,000 Income contin. oper ,600 11,700 Net income ,600 11,700 Primary $0.04 $0.10 Fully Diluted $0.04 $0.09 Full Diluted , ,190 Year-end , ,522 Consolidated Balance Sheet Items, as of ($000): Assets: 2016 Cash & equivalents ,100 Inventories ,500 Current assets ,900 Net property & equip ,500 Total assets ,128,100 Liabilities: Current liabilities ,600 Long-term debt ,838,000 Stockholders equity ,500 Net current assets ,300 CBRE GROUP INC Total revenues ,247,758 7,155,568 Cost & expenses ,515,105 6,311,109 Deprec., depl. & amort , ,498 Operating income , ,961 Interest income ,545 4,857 Interest expense ,050 83,067 Other income (expense), net ,355 31,774 Net before taxes , ,525 Income taxes , ,243 Net income , ,282 Primary $0.92 $1.10 Fully Diluted $0.91 $1.09 Full Diluted , ,141 Year-end , ,167 CBS CORP Total revenues ,532,000 9,976,000 Cost & expenses ,992,000 7,717,000 Deprec., depl. & amort , ,000 Operating income ,352,000 2,060,000 Other income (expense), net (5,000) (23,000) Equity earnings ,000 35,000 Net before taxes ,065,000 1,766,000 Income taxes , ,000 Income contin. oper ,410,000 1,152,000 Income discont. oper (36,000) Net income ,374,000 1,152,000 Primary $3.05 $2.36 Fully Diluted $3.02 $2.33 Full Diluted , ,000 Year-end , ,000 CDI CORP. Total revenues , ,941 Cost & expenses , ,727 Operating income (28,202) (19,786) Other income (expense), net (713) 599 Net before taxes (28,915) (19,187) Income taxes , Net income (30,119) (19,972) Primary $(1.57) $(1.01) Fully Diluted $(1.57) $(1.01) Full Diluted ,158 19,668 Year-end ,620 19,700 CEB INC Total revenues , ,499 Cost & expenses , ,945 Operating income , ,246 Other income (expense), net (1,656) (4,775) Net before taxes ,058 96,091 Income taxes ,261 21,820 Net income ,797 74,271 Primary $0.61 $2.22 Fully Diluted $0.61 $2.20 Full Diluted ,581 33,779 Year-end ,220 33,117 CEC ENTERTAINMENT, INC. 10/02/16 09/27/15 Total revenues , ,523 Net Sales , ,282 Cost & expenses , ,919 Operating income ,523 56,998 Interest expense ,419 52,031 Net before taxes ,104 4,967 Income taxes ,645 3,319 Net income ,459 1,648 Year-end CENTURY COMMUNITIES, INC Total revenues , ,224 Cost & expenses , ,231 Operating income ,320 38,993 Interest income Interest expense Other income (expense), net Gains or losses Net before taxes ,257 39,900 Net income ,467 26,732 Primary $1.63 $1.26 Fully Diluted $1.62 $1.26 Full Diluted ,732 20,556 Year-end ,044 21,307 CENTURYLINK, INC. Total revenues ,181,000 13,424,000 Cost & expenses ,284,000 8,434,000 Deprec., depl. & amort ,958,000 3,136,000 Operating income ,939,000 1,854,000 Interest expense , ,000 Other income (expense), net ,000 16,000 Net before taxes , ,000 Income taxes , ,000 Net income , ,000 Primary $1.08 $0.97 Fully Diluted $1.08 $0.97 Full Diluted , ,293 Year-end , ,090 CENTURYLINK, INC. Interest Sale Development On Nov. 4, 2016, Co. announced that it has entered into a definitive agreement to sell its data centers and colocation business to funds advised by BC Partners, in a consortium including Medina Capital Advisors and Longview Asset Management. In exchange, Co. will receive (i) $2,150,000,000 in cash, subject to offsets for capital lease obligations and various working capital and other adjustments, and (ii) a minority stake to be valued at $150,000,000 in the consortium s newly-formed global secure infrastructure company, which in total represents a multiple of approximately 12 times estimated 2016 Adjusted Operating Cash Flow. CENVEO INC 10/01/16 09/26/15 Net Sales ,242,757 1,262,819 Cost & expenses ,178,939 1,198,092 Operating income ,457 58,971 Other income (expense), net , Net before taxes ,685 (16,816) Income taxes ,060 (1,720) Income contin. oper ,625 (15,096) Net income ,190 (13,327) Primary $8.01 $(1.57) Fully Diluted $7.15 $(1.57) Full Diluted ,745 8,477 Year-end ,552 8,484 CHANNELADVISOR CORP Total revenues ,437 71,151 Cost & expenses ,496 91,546 Operating income (14,059) (20,395) Interest expense Other income (expense), net Net before taxes (13,933) (20,397) Income taxes (91) (126) Net income (13,842) (20,271) Primary $(0.54) $(0.81) Fully Diluted $(0.54) $(0.81) Full Diluted ,513 25,020 Year-end ,784 25,147 CHATHAM LODGING TRUST Total revenues ,583, ,723,000 Cost & expenses ,811, ,659,000 Operating income ,019,000 46,918,000 Interest expense ,211,000 20,696,000